I have almost €70,000.- saved and after reading about index funds, I got very curious.
I am a Spanish citizen living in the UK, and I assume there are some tax implications that I am completely unaware of... How can some like myself (a complete illiterate in finance), put my savings in a low-cost index fund? (can I earn around 4% annually?) and also: is Spain the best place to do this? Perhaps Portugal offers better tax conditions? (I saved all the money after years of hard work in several countries, so I really don’t mind relocating to the place that offers me the best option).
Note: I just inherited a small house in south Spain, and getting 4% annually (€ 2,800) could potentially cover my yearly expenses and I would be able to retire (I am single with no dependants)… The above question came to me after reading posts in the site www.mrmoneymustache.com but unfortunately most of the posts are specific for the US.