<prompt> Human: After my first year of work Ive managed to save close to 50k euro and currently have no idea on how to invest it.Note: this income is high for where I live and only expect it to be at these levels for the next 4-5 years.I know the basics of economics: Always let your money work for you etc. But as it is right now I have no idea on how to do that.The savings interest rate is lower than the inflation rate, the stock market is crap right now lost a lot of money there and if I buy a house and rent it out my income will push past the highest tax rate would have to pay 10 more tax.My brother is a professional house renovator and talked about buying a house, fixing it up and then selling it for a profit.I might be able to give him the money in his companys name as an investment so he can do his thing and give me whats left over from the profit.Anyone have any idea what a young, Western European could do to make his money work for him?Assistant: the stock market is crap right now lost a lot of money there With this statement, you betrayed a fundamental misunderstanding that might cost you money in the long run. Its okay, though, since no one is born knowing this stuff and God knows that it is not taught in school.If your goal is to make short term gains, then yes, the stock market may not provide that right now . However, if you are planning to buy and hold equity with the anticipation of future growth, then it is always a good time to invest. The fact that the market is down may actually be a good thing, since it means that stocks that were selling for 5 more two weeks ago are now cheaper to own. Please take the time to read the sidebar regarding investing. It is filled with very useful information and will help you make an informed decision regarding your money.Human: Good point.But right now the market is ready for a big dip.Prices are too high and when the fed raises rates it will be even more volatile. I think its best if I invest 1-2 months after the fed raises rates.  <response>: You are clearly not in a position to be timing the market. Read the sidebar, find a suitable asset allocation and invest accordingly. If volatility makes you nervous enough to avoid investing then you are taking on too much risk. 