🗓 Jul 2, 2023⏳ 1 minutes

Life Week #71 - Financial plan

The plan is to have a plan and to execute the plan

I've finished the investment course. Based on this I updated my financial plan and already started executing the first steps. Sure, there are some details to be defined, like which ETF to purchase and how to define the final strategy for both IKE and IKZE accounts, but the foundation is set. The biggest discovery from this course is the fact that IKE / IKZE limits (the retirement programs that exist in Poland with nice tax benefits) can fill my whole savings I wanted to invest at this stage of my life so there is no need to look further. Keep it simple, stupid!

I'm tempted to invest with a more or less 80/20 strategy of purchasing global ETFs. Due to different limits for IKE and IKZE I initially think about buying iShares MSCI ETF replicating global indexes in IKE with 100% exposition on the stock market and multi-asset Vanguard Life Strategy 60/40 on IKZE account.

A super simple approach with just two ETFs covering the whole strategy should let me invest as little time as possible to let my savings work for me.

Summary

✅ Continued chess developments with daily trainings

✅ Continued physical training

✅ Completed passive investment course

Plan for week #72

♟ Continue daily chess training

💪 Continue physical training

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