Begginnings of investing

>>1651546
>5% tax on anything bought
>1.9% tax on capital (?)
>1% to broker fees
>1.6% gone due to inflation
>1.9% expense ratio on ETF (yikes)
I don't see any money here.

>>1651584
Wrong? No fees like 1% and second 1,9%. Only 1,9% from whole amount a money on account a year but capitapized daily.

Why no money? SP500 is awesome according to Graham ans can give me 10-20%!

Maybe I translated somethinf wrong, I am from Poland and english is my second lang.

>>1651604
I tried looking up ING BSK index fund, it says it has an expense ratio of 1.9%, that is the cost of tracking the S&P. Something like VOO in America has an expense ratio of 0.05%.

S&P500 is definitely good, but you should estimate 8% a year. This calculator automatically reinvests dividends, and using stock symbol SPY or VOO you can see the annualized return.

https://dividendchannel.com/drip-returns-calculator/

I say just come to America.

>>1651546
>Assuming I would be buying every month a share for $20-30.
So, $360 a year max? Rather than putting that in stocks, put that towards some certification of something and get a better job.

>>1651621
I am municipal police officer with full time state job, finished college, after 2 promotions and a raise I earn about $340-350 a month.

Good luck. It;s eastern europe here. There is no good job unless you have political connections or family connections. Enjoy.

>>1651674
>I am municipal police officer with full time state job, finished college, after 2 promotions and a raise I earn about $340-350 a month.

You make $4,800 USD a year? Working a minimum wage job in the US 40 hours a week is $14,500 a year.

>>1651730
Life in the non Western parts of Europe is much cheaper

>>1651674
pretty sure homeless people here earn more by shaking their mcdonalds cup in the pedestrian zone. Do you have any skill that is valuable in the west? Do you have any connections to people that "can make stuff" happen ?

>>1651730
But I live here, in poland, in a fucking joke.

Last year I had 1395 PLN a month. This year it is around 1520 PLN a month. So last year I had around $320, this year $350 a month. More or less. And remember that this is above minimum wage!!!

Btw. in poland we say that we got western prices but polish wages.

>>1651747
Maybe for someone who earns in EURO.

>>1651750
In poland basically it is possible too. I know that I may "earn" more by shaking a cup in a street 8h a day.

But... I want to work, to be better at anything I do. I am hard working type of a guy, I tend to perfection and want to be better and better. I would love to go to college now again to study for example. economics or IT but I simply can;'t afford it. So how can I get my qualifications?

Considering what is valuable in the west? If I would be given a chance to learn anything, I would. But here, it is just depressing how I cannot even learn things because lack of money.

The only thing I have is my willing to work, study, learn and work hard again. I know english and I was told that it's quite good - however, in my opinion it's decent cause it's not perfect (I tend to do everything perfect).

So, I know polish (native), english is communicitive fully. I have experience as a municipal police officer and some other jobs that don;t even count. I like to learn, I want to work and not sit on social welfare.

That's all.

__________

Back in the topic - I saved about $1000 from last year because I live smart. I wanted to start investing, really. To learn the stock market, economics etc.

What do you really think about ING BSK S&P500? Or should I invest in polish stock market?

>>1652792
You might try starting a business on the side. I know there's no amazon in Poland, but there's a lot of polish diaspora around the world - and them fuckers a patriotic as fuck. Why don't you look into starting a Fulfilment By Amazon Business in countries with a lot of poles selling them Poland memorabilia (scars and shirts and shit ...).
(I never looked into the details of fba, so I don't know if this is feasible at all)
well, just an idea.