The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: dk_mmm on September 19, 2023, 12:33:46 AM
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Hello everybody,
I have read a lot of posts, very very helpful!!
Unfortunately some of the information is not applicable here in Denmark :(
I live in Copenhagen; I have always been a big spender, until I made some big changes a few years ago, and with effort I have now saved around 1M dkk 😊
Unfortunately I have never invested, mostly due to a mix of fear and ignorance. Now I am ready to use my untapped dkks, that are sitting on my bank account.
Per my investigation I will have to use either Nordnet or Sparinvest.
As a newbie I have several questions:
- is Nordnet better than Sparinvest? or , perhaps should I use half my money on each?
- Both nordnet and sparinvest have so many investing options that is extremely hard to decide on one… What could be a good strategy for a newbie like me?
- Currently I am saving almost 90% of my salary; can either Nordnet or Sparinvest be automated in order to start investing as soon as I get my salary?
- Is there a financial advisor that anyone knows in CPH? I am willing to pay to get some face to face advise 😊
Thank you very much for reading.
Ps: on another note, my job pays for my PFA pension, but I don’t get it… By 2060, the retiring age will be 74 in Denmark!!, which means that, any money I put in PFA, I won’t see it until I turn 74… Why is so many people putting money there?