Currency: EUR
Emergency funds: 3-4 months (not aiming higher - stable job/field)
Debt: 18k EUR to a friend (will be paid in 18 months, 0% interest), mortgage 65k EUR (<1% interest, not rushing this)
Age: 29
Desired Asset allocation: 75% stocks / 25% bonds
Horizon: 25+ years
Monthly contribution: ~1000 EUR, possibly more in 18 months, check debt
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Hello,
I think I have most of things cleared however 4 more still remain and I would like to prevent analysis paralysis.
As far as funds selection is concerned, I would probably go for 2 fond accumulating portfolio from: https://www.bogleheads.org/wiki/Simple_ ... portfolios, this may be enhanced to 3-4 funds in the coming years.
My questions/concerns are:
- I am a Slovak citizen with my permanent address there, however I am currently living in France, working in international company in Switzerland. I don't know where I will live in 3 years, but it will be in one of those 3 countries, is there something that I should consider beforehand? Or it just doesn't matter now and I can change/adapt things without any issues in the years to come according to my situation?
- Brokers - I have no idea which one to choose, I heard about https://www.interactivebrokers.com/en/home.php, is it OK to go for this one or do you recommend someone else?
- Taxable and tax-deferred accounts: I read about these in Bogleheads guide to investment, however I am not sure what can I relate these to in EU space. Can I just ignore these? what am I missing here if anything? ( I have a fixed pension scheme without the possibility to invest there as far as I know, will verify this once more )
- I had a call with financial advisor (whom I already rejected) but he mentioned that if you hold some ETF index funds for more than a year you are free from taxes. So this is just a classical case when you are taxed upon money withdrawal?
Thanks for every piece of advice
Dominik