Anyhow I am Michele and this is one piece of the Puzzle on the way to Financial freedom.
First you need to make sure never to be in DEBT or slowly but surely to come out of it as soon as possible. Than you need to plan your incoming, wheather it is from Investments (like monthly P2P payments, or full time job).
As soon as you have a better picture of your possibilities, than you can draw a picture of all the liquid that you can lose... Exactly, in order to invest, you need to make an emergency budget, in dark time and another budget for investments, this last amount of money, you need to be ready to lose it all, it is not money you count on keep.
With this said, I can tell you for sure that 20% fix per month of all i earn, I spend it in P2P Investment, und 14% into a depot account in Degiro for long term investments.
By my first round at a long term/depot investment plan, I invested a fix amount into some ETFs that (casually did belong in the commission free ETFs - PDF) and therefore cost 0 $ to invest in once per month (or in specific cases with a specific amount also more than once a month, more infos here). In April I was giving more margin to the Emergin Market MSCI, and more specifically into the Asiatic market, as it is the most promissing in the Investment/Population growth ration, as I call it.
As of the above graph is to expect a huge increment of population by the african and asian continent in the next years to come, as it has already boomed since the 50's to today.
Growth did never stop and many asiatic Countries did develop their backbone Economics, renewing what was left by the second world war time. This process already led to a shift of wealth, experienced by the top society of Cina, which is expected to take place in other financially disadvantaged countries like Philippines and Thailand.
This is a clock bomb, to keep on the friendly side. The potential exists, and has already manifested itself in the passed, why not profit from it.
The changes I have made throughout during the adjustment installment was only to reequilibrate the other three investments, as the world has already come to an after-corona time, the turistic season starts with less uncerteinty than last year, index of the safety feeling and reopening to a pre-Corona time.
The only true uncertainty in this time would be any sort of Virus mutation, that would rather lead to a quicker vaccination campaign in case of a variation-pandemic.
Experts think it may take up to 2 years only to get back to real life all over the world, as the people eventually would need a vaccination recal every 9 to 12 Months (theory on which as a health professional myself, can believe to be true), but the market has already adjusted itself and had found ways to come out of the crisis very quickly.
I am confident, that my investments in this year may get a higher profits of my 2018, 2019 and 2020, they are better thought and very well diversified. I am planning some interesting investments in the Crypto world too, as I started already in Kraken to play around. I will probably open some some staking accounts and some other investments more facing the long term soon and for that you will stay tuned :)
On the other hand I need to make sure you already read the following:
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
The opinions expressed by the author are personal only and for information purpuses and do not constitute financial investment or otherwise advice.
Ciao