Andrea Redondo, financial advisor, talks clearly and is sharp about what happens when savings are not invested. And, having 1,000 euros in the bank (or more) and letting the time pass is a mistake because they are not taken profitability. That is precisely what all savings or financial advisors pursued that sponate on social networks such as Tiktok or YouTube where in a short it tells how to start in investments with 1,000 euros.
The high cost of life makes 40% of Spanish workers indicate that they cannot Save anything from your salarieswhile 60% get an average of 285 euros per month, according to a survey published by Funds Society In 2024. In many cases, it may be that in the bank account there are 1,000 euros or more. In this case, even if it seems a small amount (far from what it would cost, for example, paying the entrance of a house), experts see it more than enough to start and improve financial health.
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In an interview for the podcast ‘Rational investment ‘Andrea Redondo gives the keys to grow the money we have in the bank. And, the founder of ‘The investment club’ in Tiktok speaks very clearly. “When you have 1,000 euros and you don’t know what to do with them, it is best to invest them starting to form financially or invest in indexed funds or ETFs.” A opinion shared other experts such as Antonio Rivas.
Having the ‘stop’ money in the current account is a mistake
To invest it is not necessary to have thousands of euros in the bank. Redondo sees that with 1,000 euros, it is a good amount to start. Since, in case of doing well, up to four could be multiplied. Therefore, it is best to start investing in training, in financial education.
This argues in his Tiktok channel, responding to a user. “When you invest in quality training, you are going to shoot. If you want to start investing, the best investment is the stock market because it is the most accessible in terms of demanded time and capital.”
But returning to the interview on YouTube, explains that leaving the money standing at the bank can become a problem, since it loses value daily.
What to do before investing: “Do not throw yourself into the pool”
When the decision to invest has already been made, the first thing is to have your feet on the ground and “not throw yourself to the pool”, regardless of the amount with which it is going to begin, the first thing is to make sure there is an emergency background ‘background for unforeseen expenses. “It does not invest with the same tranquility and rationality as when you have that money for what may happen.”
What is usually recommended is to cover expenses around 3 and 6 months. Then, have some knowledge about domestic economy, that is, to know what profitability, risk and even diversification is.
And finally, evaluate the risk profile. You have to know how the loss of money, profits and if these investment funds will generate some anxiety. As Andrea Redondo points out in the video, it is not a traditional saver. “At the beginning it was maximum savings, 100% but I have changed the vision of things.”
Invest in quoted and investment funds
When the emergency fund is already safe, you have to start selecting where to invest the money. There are several options but Andrea Redondo moves around two, the first are the indexed funds and the second, the quoted funds or ETFs.
In these cases, what is intended is the diversification of money in many assets with a single operation, where very low commissions are paid and the investment is made automatically, without complications. It also defends the use of platforms “that do the work for you taking into account the profile.”
When you do not want to risk or scare to invest large amounts, so the profile is more conservative, very valid options such as fixed -term deposits that give moderate profitability, the paid accounts that generate interests, invest in treasure letters or state bonds and for the most launched, private fixed income by means of specialized funds appear.
When investing the 1,000 euros that is split, Redondo advises that it be in indexed funds. “Financial education is the best investment you can make.”
What about cryptocurrencies?
Another aspect that marks investments in the 21st century are cryptocurrencies, “a fascinating but complex world of understanding” where “there are more and more scams because it is increasingly sweet.”
“I arrived late to the Bitcoins, who were born in 2009 and I started in 2016. I am not any precursor to this, I did not get curiosity. When interested in it, I found that it was impressive.”