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You don't have to be "into" the stock market i.e. doing day trading. That's unlikely to make you rich unless you do it as a full-time job (and even then...). Yo
by Tainnor 5y ago
You don't have to be "into" the stock market i.e. doing day trading. That's unlikely to make you rich unless you do it as a full-time job (and even then...). You can get lucky, but that's usually about it.
Instead, invest a regular amount of money monthly into ETFs. Those are relatively low-risk, but should still yield significant returns over the course of decades.
It's true that most people (at least in Germany) don't trust the stock market. The problem is that your wealth is being eaten up by inflation and interests on savings are low or even negative. You will lose money. In addition, Germany's mandatory pension funds are in a bad shape and most private insurances (e.g. Riester) are not worth it.
The situation is not the same as in my parents' generation and unfortunately, a lot of people are not realising that.