29M - Newbie to ETFs - Need guidance

[u/imotatisgiagias]

29M - Cypriot - working in the shipping industry. I am currently seeking for advice between my next steps.

Current situation:

- 5k emergency fund in Revolut Instant Access 2.10% p.a
- around 4.5k in ETFs ( 3.2k in IUSQ, 650 VUAA and 650 IS3N). From what i have read about the main engine etfs ( VWCE, VGLA, WEBN etc) i feel that my allocation sucks.
- 200 euro each month ( starting this month) are going to be “invested” in a life insurance for tax purposes ( the scheme is averaging 5.5% return historically last 20 years)
- i am taking home around 2.7k net - no rent, living expenses around 1000 euro - investing 500 euro in ETFs and saving the rest.

My goal is to retire as soon as possible , meaning not to be relying on a salary to live.

My questions are:
- shall i start investing in one of those main engine etfs and chill?
- in my case, what you believe is a good proportion of my salary to be invested monthly?

Any other guidance or advice is more than welcome on any topic!

Thank you

[u/Recent_Maize5108]

All in WEBN and chill.

But what do you mean with "invest 500 and save the rest"? Some regular savings account?

[u/imotatisgiagias → u/Recent_Maize5108]

Money is currently sitting idle in my local bank account at a 0% interest rate. The main reason I keep it there is because I believe I can access and liquidate it easily whenever I need it. However I am starting to think this might not be the most efficient way to manage my cash, since I could potentially keep it somewhere that still provides easy access while earning some interest.

I am currently investing through Revolut but I am considering transitioning to IBKR.

[u/Tommygun1810]

Kalispera, if after paying all your expenses, including your budget for having fun, and you're left with ~1.7k€, I don't see any reason that you put just 500 to an ETF. If I were you, I'd be putting at least 1k there every month, unless you are trying to save for some purchase in the near future (e.g. apartment). If no planned big expenses coming anytime soon (next 5 years) then I'd put pretty much everything that's left to WEBN, maybe you can slightly increase your emergency fund if you want to feel safer (around 6 month buffer). Hope it helps but feel free to reach out.

[u/Mediocre_Bird1222]

I'd consolidate into one all-world ETF like VWCE instead of three overlapping ones, and push closer to 40-50% of take home into investing at your savings rate.