NOT USA.
I worked at this job, where I made decent salary for few years. I am good at saving, so I saved a pretty decent sum of money. Now I understand that I am slowly spending it. I hear the phrase, that money generates more money. Which is not a case of me.
I don’t know what to invest it in. I don’t have any business ideas, that I think can be profitable. And it’s not enough money to buy the house. Maybe I can afford a small white frame apartment, but I will not have enough to finish to renovate it.
Bank interest rates are terrible in my country, so by the time I will get some profit, the inflation will just kill it all.
What should I do? How do I generate more money?
3 comments
I am not a financial advisor, but maybe put it in a global index fund?
Be very very skeptical of any advice online around investing that isn’t boring bank stuff or very well known index funds with boring rates of return
What country are you in?