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  • January 23, 2019 at 3:36 p.m. #46805
    Jeans
    Participant

      Hello everyone,

      I have been following Jérome's blog for 4/5 years now and I have always wanted to invest in the stock market. Today, after putting 8K aside to invest, I would like to get started! So here is my question:

      Is this a good time to get started?

      What actions should I focus on from the start? knowing that I am a responsible investor.

      Do you recommend Degiro and Interactive Brokers to get started?

       

      THANKS.

       

       

      23 January 2019 at 18:18 #47070
      Jerome
      Keymaster

        Hello Jean,

        Thank you for your loyalty.

        I wouldn't say it's a good time to get started. If you read the articles and comments on this site, you'll see that many members are rather cash-oriented at the moment. On the other hand, I started out in 2000 and I'm still alive. I even think that taking starter broths was a great help to me later on, but at the time I could have done without it.

        So go for it, but take it easy. You don't have much cash and you still need to diversify. So it's important that transaction costs are low, even for small positions. Interactive Brokers is a very good choice. I don't know De Giro, but some members here seem to like it too.

        I'd start with a real estate ETF like SRFCHA. Then do dollar cost averaging, i.e. invest slowly and regularly, e.g. in your case every 6 months. Aim for around twenty positions, starting with blue chips. But beware, they're pretty expensive at the moment, except perhaps in Europe. But the trend there is not optimal...

        Follow my asset allocation tool

        Determinant portfolio

        and the blog's various analyses.

        January 23, 2019 at 7:30 p.m. #47171
        Jeans
        Participant

          Thanks for your feedback Jerome. Really, 20 positions with 8K is better than 2 positions (at 4K each) by selecting 2 aristocrats?

           

          Good evening

          23 January 2019 at 21:23 #47292
          Jerome
          Keymaster

            If the market were cheap and not in a negative trend I'd tell you that you could without too much risk buy 2 arsitocrats at 4k. But as it's now, I'd rather tell you to buy SRFCHA today for around 2k, and buy an aristo in 6 months' time for 1k, and so on. Save your money, reinvest the dividends, and aim for at least twenty positions.

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