The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: jjwood11 on February 28, 2017, 07:42:44 AM
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Hello,
I'm very keen to invest my current savings ($20,000). I've worked out that I can save 40% of my current wage per year which should take me about 17 years to complete (assuming 5% intrest per year).
However, I live in Sweden and I do not know how I should go about investing the Money here considering I cannot use 401k etc. Is it possible to use Vanguard? If anyone could Point me in the right direction to get further information I'd hugely appreciate it.
Another question I could use help with is regarding currency fluxuations. With the dollar being so strong at the moment would it be wise to begin investing now? Ts a big change in what the Swedish Krona is woth today against the USD than even just 3 years ago :(
Kind regards,
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Avanza zero.
Sent from my iPhone using Tapatalk
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There are loads of low cost index funds available locally in Sweden.
A few global ones:
- Länsförsäkringar Global Indexnära
- SPP Aktiefond Global
- DNB Global Indeks
Oh, and buy them through an ISK for the tax benefits.