Buy or rent?

One of the financial questions almost everyone will ask themselves at some point is “should we buy a home or should we rent”. In Denmark, we have a very big societal pressure to buy. If you dare to question the general notion that everyone should buy their own home the answer I hear most often is: “I want to pay off on my house instead of pouring money into the pocket of some landlord”. This is an emotional response rather than a rational so I will try to dig into the math’s instead.

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How much money do I need before I can start investing?

I’ve seen this question a few times recently. It usually goes something like “I can set aside x kr. a month for investments. How many months should I save before I invest it?“. The question makes great sense because if you invest too little and too often the brokerage fees might eat up a relatively large percentage of your investment. What people sometimes forget is that if you save up in a savings account for too long to save on fees you are missing out on potential growth. So here I will try to guide you through the process of answering this question for yourself. It should be noted though that the difference you can make will be realtively minor over a long period of time – the most important thing is to save money and get them invested!

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