I would question the appropriateness of having such a large amount of your overall savings in crypto and maybe even in shares in your former employer instead of spreading the risk with a more stable and diversified portfolio - especially if your short term priority is to buy a home.
More likely it is going to be in 24-36 months. I'm really sad seeing cash being deflated so much these days, and with the uncertainty when to buy, it might be even more painful. But on the other hand, as far as I understand ETF worth doing with at least 5y horizon in mindThat being the case you should probably prioritise accumulating cash and maximising deposit returns - I'm not sure that investing further in the ETF is a good idea if the plan is to use much of your accumulated assets for a property purchase in 12-24 months.
I agree on crypto, but not sure about stocks, you mean selling them and put into ETF?I would question the appropriateness of having such a large amount of your overall savings in crypto and maybe even in shares in your former employer instead of spreading the risk with a more stable and diversified portfolio - especially if your short term priority is to buy a home.
Stocks, ETF, Crypto is more like an investment
I'm really techy guy, so I'd put some money, probably not as big ratio tho.If you had €20k cash and no crypto would you gamble on it today? I hope that your answer is no. So if you would not buy it today, then you should sell it today.
Can you please elaborate this? You mean current cash or the future one?Under the circumstances, I think that you should be 100% invested in equities. Sure, they might go down before you spend the money, but the probability is that they will go up.
I don't really understand what you're trying to say here but it seems to be a rebuttal of @Brendan Burgess's sound advice.I'm really techy guy, so I'd put some money, probably not as big ratio tho.The once I have now, which I would buy they are still close to the profit, the once -8k is basically no reason to sell...
Yup. The logic is 'I lost 8k but Im techy' after losing nearly three months rent or 7/8 months expenses with possibly more to lose . Brendans advice was spot on. Also its not 8k, its 16k gross earned.....I don't really understand what you're trying to say here but it seems to be a rebuttal of @Brendan Burgess's sound advice.
I'm really techy guy, so I'd put some money, probably not as big ratio tho.
Probably that’s as stupid as it is, most chunk of it is staked which generates some not bad interest (about 200$ being 50% down). Price fluctuation surely the problem, but well the part I would be willing to sell is staked until the next year, second part (about 10k) I’d still keep as alternative investment (gambling).This is one of the problems of the crypto madness. "I understand the technology therefore it's a good investment"
what did you mean by that? using current or future cash?Under the circumstances, I think that you should be 100% invested in equities. Sure, they might go down before you spend the money, but the probability is that they will go up.
gotcha, thank you for the suggestionsI mean that all your money which is currently in cryto and cash and future savings should be in equities along with what you have already in equities.
Brendan
You're gambling with more than 20% of your overall assets when you want to move country and buy a property in 12-24 months. That's just bonkers.Probably that’s as stupid as it is, most chunk of it is staked which generates some not bad interest (about 200$ being 50% down). Price fluctuation surely the problem, but well the part I would be willing to sell is staked until the next year, second part (about 10k) I’d still keep as alternative investment (gambling).
yeah, thanks for highlighting itYou're gambling with more than 20% of your overall assets when you want to move country and buy a property in 12-24 months. That's just bonkers.
I don't see why you need another thread?Hey folks, bumping this thread, maybe I should create another one?
Since you seem very unclear on your timeframe for moving abroad and buying property there (1-2 years has now become 3, or more?), @Brendan Burgess's earlier suggestions seem reasonable.With considerations for timeframe, I decided to go with some equities by using some chunk of the spare cash. I have been buying VWCE for sake of diversification.
Curious if this still remains a good option, even if I have to sell small portion of it within next 3 years? or should I look for something else?
I mean, timeframe remains the same, but being more realistic and honest to myself we won't be buying anything in at least next 3 years. So yeah, I will stick to @Brendan Burgess's suggestion with pushing more into equities, but having a bit bigger emergency fund to cover relocation needs.Since you seem very unclear on your timeframe for moving abroad and buying property there (1-2 years has now become 3, or more?)
oh, that's for sure, no one can predict the future and VWCE just a convenient way to diversify portfolio. My the only fear that I might need to sell some positions earlier than 5y (which is a shortest milestone for it) and have seen people are suggesting high-yield dividends ETF instead for such cases. But well, it is probably just an overthinkingTime, and nobody here trying to predict the future, will tell if VWCE turns out to be a good investment but it seems reasonable from a diversification point if view as a medium/long term buy and hold investment point of view.
Well done living on €1,500 a month in Dublin as a married couple. I don’t think that’s sustainable though.Monthly Expenses: Average of €1,500
And keep your job in Dublin? Get a job in one of these countries?a more affordable country like Poland, Lithuania, or Estonia,
we are doing a lot of budget planning in general, but this keeps getting harder with living cost increases. 1.5 year ago we were spending less than €1,000Well done living on €1,500 a month in Dublin as a married couple. I don’t think that’s sustainable though.
I work on IT, so most of the companies are having local branches within different countries (even current one), so shouldn’t be a problem.And keep your job in Dublin? Get a job in one of these countries?
I'm a 31-year-old married individual eagerly anticipating the arrival of our first child
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?