Jacob is a 4th semester university student. His income consists of irregular part-time jobs and from tutoring younger students. He learned about the ETF as part of his economically oriented studies. Jacob thought to himself that it could be a wise move to protect that part of his earnings, that he does not need, from inflation. This way, once he finishes his studies in 3 years, he could treat himself with a nice graduation gift. With this goal in mind, he chose a conservative ETF portfolio, to which he sends 20 EUR on a monthly basis.