France, started investing, don't know how to proceed long term?

Question

I live in France, I am 24, and recently started being able to invest. To do so I decided to open a "Livret Bleu" with my bank.

The Livret Bleu is virtually the same as a Livret A, same interest rate (0,75%) and is tax-free. The main difference is that it will automatically upgrade to a Livret Orange once there is more that 22 500€ on the account.

A Livret Orange keep the same interest rate (0.75%) but is no longer tax free, and has no limit on the amount of money that can be on it.

My plan is to invest every bit of money that is not used for necessary life expense. Today this represent something between 200€-400€.

My problem is that, no matter how I look at it, the amount of money that this will generate is laughable. Using my bank's simulation, an Livret Bleu with 200€ as base deposit, plus 200€ of monthly deposit would generate around 1 934€ after 15 years.

So my question is this :

If I wanted to become Financially independant, where should I start investing ? Was a Livret Bleu a good choice, or should I look to another alternative ?

Answer 1

Well, consider investing in the bank stock.

In other words invest in what-you-know or invest in what-you-are-interested-in.

But a position in the U.S. dollar will find an interest rate. So that's an investment in a short-term U.S. bond ETF. Or, for instance, an investment as an un-leveraged sell-position in the EUR/USD currency pair where a Forex broker pays daily interest as the rollover.