Hey guys, I have a couple of questions about investing.
Basically i start from scratch now with ~60k and im eager to learn as much as possible and thereby hopefully maximize my profit over a timeframe of 10+ years.
Im a fulltime civil-engineer so i have no need to withdraw any time soon. It is 100% a hobby that i hopefully can spend an hour or so on per day, on average.
So whats my best plan moving forward?
So far I have about 20% in actively managed mutual funds that i intend to hold on to. The rest is divided between 5 different sector based ETFs.
What i am curious about is whether sector allocation through ETFs is a viable strategy to beat the market in the long run. Im sure it is possible, but is it realistic for someone like me?
I started with ETFs because it seemed like a gentle place to start. Its less about picking the exact right company but more about bigger trends in the market. On the other hand im sure there are lots of companies out there that spend enormous amount of resources on this exact researching. And of course i will always been one or two steps behind those.
So is there any other investing strategies I should look into now in the beginning?
Anything to read online or in books? (started to read inteligent investor btw)
My plan was to gradually start investing in individual stocks once i get some better feel for how everything works.
Thanks in advance!