No.1460
I don't dabble in stocks because I am prone to gambling.
No.1462
I live hand to mouth
And my mouth is very big
No.1465
>>1459I handle it like
>>17
>main money saving strategy is being a cheapskateAnd I love to complain about missed opportunities too
But Ernst is invested with all his savings. Around 80K into Tagesgeld (2.3 Prozent), 20K in Stocks sadly WV with a current minus of 30 percent and 45K into different ETFs
Right now, I would like to buy a car, but I dont want to cash out anything. Such cases
No.1470
>How is Ernst saving his money?I'm taking a 'bite and hold' strategy to equities while waiting for no brainer moves. It's depressing but will be worth it in a year or two once equities have properly rebounded - also I know that I'm too stupid and lazy to time a bottom like a lot of people seem to be trying to do at the moment. There was a sad moment yesterday where a colleague was using her savings
and money from parents to buy a home which I didn't do when I had the chance. But it'll be worth it.
My other concern was reading that British people are unusual in that we don't invest in the domestic market like other countries do, which kneecaps are own economy and means there's some real value people leave on the table. I'm a good boy with around 20% (the UK's only about 5%~ of world GDP) but it does make me feel like I should be more of an American and just throw everything at home. Of course I've been making stacks from Swedish companies lately so who knows.
>>1459>Is a new banking crash imminent We're probably fine from a systematic collapse - everyone knew Credit Suisse was a basket case that managed to burn through 3 CEOs in as many years. The problem will be guessing how many bad companies will go bust from their own stupidity but it's paradoxically a good sign if you zoom out on the graph.
>Does Ernst invest in crypto, and if yes, what coins and how does he buy it?No because it's still a purely speculative asset. I'd rather my money be at least in theory put to good use by organisations raising capital to invest in productivity and capacity, I think that might make me the last living capitalist.
>>1468>Despite my delusions I'm of course not beating indexes. So, if I weren't so much into gambling I'd stick to buying index funds. Included this part to help Ernsts manage better.I second this. My autistic idea that my money actually has any effect on the world dooms me but makes me broker very rich I'm sure.
No.1549
I used to keep some money on Coinbase, but no longer do so. My account currently has 3 ALGO, worth ~50 cents. Funds kept on Coinbase are uninsured and in the event of bankruptcy will be considered the property of Coinbase and distributed to creditors. Coinbase can also freeze fiat withdrawals without notice. Self-custody of tokens is an option, but if Coinbase dies all roads back to fiat(in US) are in danger, so what's the point? Crypto waters are way too choppy for me. Maybe I should swing trade COIN as this drama plays out.
>The SEC notified Coinbase[COIN] that it plans to sue the firm for allegedly violating a range of investor-protection laws, the firm said this week.
>Since 2021[SEC chairman] Gensler has warned platforms such as Coinbase that they were breaking the law by letting investors trade cryptocurrencies that should have been registered as securities, the legal category that includes stocks and bonds. He has demanded the firms comply with SEC rules by registering as securities exchanges and separating parts of their business that create potential conflicts of interest.
>SEC staff say they could seek remedies including injunctions, cease-and-desist orders and fines—penalties that could threaten the company’s ability to operate in its current form. If it registered as a securities exchange, as Mr. Gensler has demanded, Coinbase would be able to list only SEC-registered securities. Yet no prominent cryptocurrencies—nor any of the 242 assets currently listed on Coinbase—are currently registered with the agency.
>The firm has accused the SEC of stifling innovation and has spent millions of dollars lobbying Congress in hopes of bypassing regulators through new legislation.When your best hope is new laws, it's because you know you're breaking the current ones. Doesn't look good.
Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbasehttps://www.wsj.com/articles/crypto-faces-legal-reckoning-as-sec-prepares-action-against-coinbase-e4c95bf3 No.1934
German banks are offering 3% interest on day-to-day money. This somehow is presented as a good opportunity. I don't know, in times of 8-10% inflation, I can't fool myself into believing that 3% interest is not a scam. Surely banks have their way to profit from any kind of situation, so it feels like they should offer a lot more.
No.1946 KONTRA
>>1934Which to go? My old Tagesgeldkonto will be dissolving from the banking side, I need to put my savings into such an account as they are not that much in order to invest I think and I sometimes need to draw from them and losing the savings would be a shame. So I use these offers, yet 3% is still a joke tbh. Better than nothing but eh
No.1951
I just read that for most of the time since WW2, the interest rate in Germany was below inflation, so it's not a new phenomenon, it's just a lot worse now. For me this looks like a method so that regular folks can't just save money for all eternity. That maybe would even be a good thing, but the problem is that large scale investors probably can do that, so it's taking more money off people with salaries compared to people with other types of income.
>>1946>Which to go?I have no idea, I wish I was more savvy in things like that. If you have a small amount to invest, maybe day-to-day-money is the best solution, since you can access it quickly when you have unforeseen expenses, and it at least somewhat counters inflation. I read that the recommendation is to put no more than 3 monthly salaries there. If you have larger amounts to spare, then maybe managed fonds are the way to go, plenty of companies offer such things, and the management fee isn't that large. And over longer periods those do better than day-to-day or fixed-term deposits, even if you figure in market crashs, wars 'n shiet.
I don't even want to invest money to get more of it, I just don't want people to silently take it all away through shady mechanisms, it feels like theft.
No.1956
>>1951>I want my money guaranteed>I want to be able to withdraw every day >Why do I get sub-inflation interest?You have your risks minimized to banking system collapse and inflation, your commitment is virtually zero, yet you wonder why your interest rate is sub inflation.
The mind boggles. Pick two out of three:
- profit
- short-term commitment
- low risk
Example: real estate. You get very low risk of total loss, you can't get out day-to-day (need to find a buyer first), your long-term profits will probably be above inflation.
Example: stock. Higher volatility than real-estate, historically profits greater than inflation, can get out each day every day.
Example: government bonds. Low volatility, low interest, can be sold daily.
No.1959
>>1956I don't need all of those. I'd be perfectly happy to have a fixed-term deposit fixed for years ahead, which guarantees inflation rate interest, and doesn't require administrative overhead. Profit and short-term-commitment don't matter much for me. I just think it's wrong that I save money, and then suddenly I have less money.
No.1964
>>1959Many people would be happy to have that, but it doesn't exist. For no one. How do rich investors get richer, still?
1.) They shotgun it with risky investments, of which very few become profitable, but those which become profitable become super-profitable. High risk-high yield. Example: Peter Thiel.
2.) They put in an insane amount of legwork (or have trusted people put in the legwork for them) and look at a fuckton of investment opportunities, then pick the best ones. By analyzing fundamentals, they find companies that are undervalued and buy their stock. Example Warren Buffett.
If you don't have an asinine amount of money to begin with, I recommend the second approach. You can't be Peter Thirty, because you can't afford the risk and because you can't get in early enough.
If you want, I can tell you the stories of two investments I did, one asinine, one good...
No.2266
>>1964That sad thing about this is that it kinda legitimates the richness of rich people, because they took the risk, while others didn't. Somehow it feels like putting yourself in danger to impress girls, this is also a bad decision that works most of the time. The rational decision to not take excess risks isn't always the best. I have to admit that I am kinda averse to risk-taking. Maybe I shuold just re-classify being averse to risk-taking as a risk.
>If you want, I can tell you the stories of two investments I did, one asinine, one good...Sure, let's hear it. Sadly I have no such stories, it's all just ETF now and fixed-term / day-to-day money earlier. Some bitcoin, but I adopted it late and no big investment, so not that much gain. Kinda boring.
No.2277
>>2267TSLA, obviously, but if you just want to play around MSTR.
The CEO dumps every spare company dollar into Bitcoin, which makes it a good proxy for trading crypto. Right now, Bitcoin is bullish but volatile, which provides opportunities to jump in and out.
No.2279
>>2267What's the FX fee?
CRUS, ACHR, EVTL if you like gambling.
>>2277>TSLA, obviouslyExplain yourself.
No.2280 KONTRA
>>2277>TSLA:DDDDDD
>MSTRSounds ebin. But I'll stay out of crypto, even by proxy :DD
I would've bought some more MP Materials as a meme but it already went up bigly today. I wish there was some AI bet to make. Making it through MS, Google or Adobe seems lame. Maybe Palantir :DDD
>>2279>CRUSThanks, I'll look into this.
No.2283
>>2279Only a matter of time before politicians ban combustion for passenger vehicles and Tesla dominates the electric market. Simple as.
No.2315 KONTRA
>>2283You're not wrong. But what is a good price to buy TSLA? I really don't know.
No.2332
I'm considering to put a few bucks into crypto as a high-risk fire and forget-investment. Buy it, store it, and then forget about it for a few years. If there's a crash: Bad luck, but I'd survive, also it would be an amount of money that current inflation rates would overall cost me more than a total loss of said crypto investment. Not sure which coins I should buy, though, I guess I'd go with the bigger names, like Bitcoin, Ethereum and Monero. Sadly it's a real pain managing wallets for all of these. As of now, I only have an Electrum-wallet for a few tiny bits of Bitcoin. It's good, but it can't store anything else.
Main thing that keeps me from doing it is my laziness.
No.2335
>>2315>what is a good price to buy TSLA? I really don't knowI don't think anybody does, tbh. The current p/e ratio is out of whack for the auto industry, so future growth is already priced into the stock. To rise from these levels, you basically have to believe that Tesla will be Google or Apple and lead innovation for the foreseeable future and trade closer to a tech company than a manufacturer. Which I do. That said, it's still a gamble, and so for my risk profile I won't throw the house at it. Despite believing it will go up. Which is why I'll never be a wildly successful investor.
>>2332Smart sticking to the large names if your timeline is years long. Historically, small alt-coins don't survive the Bull-Bear cycle- dying out and being replaced with newer options. Meanwhile, Bitcoin and Ethereum march on.
No.2340
>>2267Don't you have cheap ass neobrokers in the Finland?
My regular depot charges 10€ per trade so i use it only for my ETF savings plans.
In my other depot i pay 1€ for trades below 500€ and 0€ for trades above 500€. The only downside is that gettex is the only market i can trade on there, but that's fine as long as it's cheap. Also, i can just move all my stuff to the less cheap depot for free anytime i want.
I don't have that many US stocks on my watchlist right now, but i would look out for small and medium sized companies that do in AI.
Also semiconductors and weapons.
>>2315Tesla is a bubble that is going to explode at some point.
The only thing that keeps the prices up is Elon Musk and as you could see with the Twitter fiasco, every little fuckup by Musk brings the company close to collapse.
No.2341 KONTRA
>>2340Assuming you mean stuff like Robinhood with neobrokers, I think some of them are available. I'm not really interested in them as my bank has decent rates, 1% fee capped at 8€ max, but US trades are flat 8€. No service costs as long as I do at least 1 trade a quarter at any price. The convenience using the bank is great as they do all tax reporting on my behalf, moving funds between accounts is effortless and I get certain benefits and reduced costs for other services as well.
Might want to look into US stocks right now as the exchange rate is pretty good. Of course never know how it develops going forward, but it has moved a lot within a year.
No.2344
>>2341>RobinhoodIsn't that super reddit tier?
What i understand as neobroker is just a regular broker with a different pricing model and usually without the whole bank structure bundled with it.
Stock trading became super cheap within the last few years thanks to that.
No.2345 KONTRA
>>2344You didn't really describe what a neobroker is, but what it isn't.
T. Burger
I was just interested if I could make some small retard bets on US markets. Usually the 8€ fee ends up being less than 1% of my trades anyway.
No.2364
>>2361Why not just buy UBS? Under the buyout terms, once complete shareholders will receive 1 share of UBS($21.91) for every 22.48 shares of Credit Suisse($21.58). Close enough, without headaches.
No.2423
>>2266>Sure, let's hear it.1.) In the summer of 2021 one, I expected an economic downturn/inflation in the United States. (Plenty of people expected that.) What consumers cut last on during inflation/recession are daily small spendings. Like a habitual snickers-bar each time you gas up the car, bottle of Cologne, things like that. So first, I looked into consumer staples. But they were (are) all trading at ridiculous multiples. Then, I looked at super-market chains. Mainly, chains that operate smaller stores. The European chains were all doing much worse than the American chains, excluding Russian chains. Those had very high margins, but I shunned the risk.
So I looked closer at American chains. The Kroger, Weis Markets, Target, Wall Mart, they all were trading at PE-ratios far above 20.
IMKT and SPTN were not all that expensive. I looked closer at both of them. I looked on videos from inside the markets on youtube. I read there reports. I liked that SPTN had a contract with the US army and wagered on it getting prolonged. I liked that on third-party videos, there stores looked clean, orderly and well organized. I liked that they had plans for micro-fullfillment-centers where costumers can pick-up their pre-ordered shopping items. I liked that their shops were mainly in the mid-west, a region I hoped would benefit from de-globalization.
In the Spring of 2022, the stock was up 75% from when I bought it. At this point, I sold 1/3 of my stake. It is still up ca 25%, and I think about putting a stop-loss order. The consumer-economy in the US is doing badly,
People have jobs, but too many are dirt poor, to the point where they can hardly afford to go to work. SPTNs profit-margin is razor-thin and the dividend, while sizable, is not well-covered.
Things I did right:
- I put in the work. Finding this stock cost me 2 weekends.
- I bought what I understand. While running a profitable super-market chain is hard, their business model and the economic pressures that work on them are easy enough to understand. This is not rocket-science.
2.) A couple of months later, I came across OTLY. I looked at the last quarterly report, I rolled my eyes at the "hip" font and layout. I read that their new Asian production facility was delayed, for ... reasons. The whole thing read like "lol we have no idea what we are doing, but just have faith". On top of that there was legal trouble about overstated revenue.
I knew that it would be very hard to get new production online, because there was a huge shortage of everything that goes into production machinery, not just semi-conductors, but simple stuff like din-rail clamps.
I thought "fuck it, the product is good, the marketing is good, maybe the management isn't THAT bad".
I lost half my investment before I got sensible and got out. Stock is now trading at a quarter of the price at which I sold.
Things I did wrong:
- Put in too little work, bought on a whim
- Bought against my better judgement
- Ignored the domain knowledge I had
Overall, I am a measly 7% in the green from 2021 when I started to today. AT&T and 3M as well as FTSE all world are weighing heavy on my portfolio.
But the OTLY-plunder is the worst, I'd be at 13% plus without that. I think of this loss as a fee for my stupidity.
>Sadly I have no such stories, it's all just ETF now and fixed-termIf you are holding index-funds, you will do about average. Average is good, it means that you will beat the majority of professional fund managers.
No.2434
>>2423Thanks for sharing!
>What consumers cut last on during inflation/recession are daily small spendings. Like a habitual snickers-bar each time you gas up the car, bottle of CologneFunny, I expected it to be exactly the other way round, since both seem like non-essential products. But I agree with the conclusion that it makes sense to focus on food companies/distributors in bad times. In fact I remember back in school there was an official stock market game organized by the school in coop with a local bank, where you got a virtual budget, and after a few months the winner was who made the most of it. We opted to buy McDolans and Coca Cola, because people would always eat and drink :DD
>I put in the work. Finding this stock cost me 2 weekends.I wonder how much time you spent on getting savvy on those things and managing your stocks, because that is one thing that keeps me from doing stock trading myself: It seems high maintenance. Same goes for buying any kind of real estate: It seems like you have to dedicate quote a lot of time into ownership, and the state can milk you for lots of things. And don't get me started about renting things out: Every single landlord I've spoken to could tell tons of stories about vandals, people who just wouldn't pay, and complainers with law insurance who would sue the fuck about you. I was starting to think that, despite it's overused as fuck by now, they were right in Fight Club: Everything you own ends up owning you. So I only want to own things that are super low maintenance.
>Ignored the domain knowledge I hadIs there any kind of domain knowlwde that mere mortals can hope to accumulate? I always thought that such information is only made public in case some big dog investor would profit from n00bs like me acting on it.
>Overall, I am a measly 7% in the green from 2021Given the inflation rates it's probably a net loss, but at least a lower loss than if you hadn't done anything.
No.2452
>>2434>Funny, I expected it to be exactly the other way round, since both seem like non-essential productsIt's usually consumer discretionary spending that is cut first. New car, new TV, etc. Consumer discretionary is highly cyclical. Consumer staples might at times even be a little anti-cyclical, as people reward themselves for delaying the new car, because they need something to calm the anxiety, etc. One beer more, after all, I didn't get the new graphics card, the expensive tampons instead of the store brand, gotta live a little, and so on.
>I always thought that such information is only made public in case some big dog investor would profit from n00bs like me acting on it.If you have a day job, there is automatically an area of expertise where you know quite a little.
No.2455
>>2283> Only a matter of time before politicians ban combustion for passenger vehicles and Tesla dominates the electric market. Simple as.This reasoning already contributes to Tesla's stonk prices. So you must be sure in it harder than weighted-average investor.
Btw if you own stocks, you're basically capitalist and exploit surplus value of workers. When the day comes, guillotine won't spare you.
No.2456 KONTRA
>>2452>If you have a day job, there is automatically an area of expertise where you know quite a little.Man, that's some dangerous advice right there. I think the bigger area of expertise would be in looking at the broad information you get on the internet and trying to draw relatively safe predictions.
>>2455>Btw if you own stocks, you're basically capitalist and exploit surplus value of workers. When the day comes, guillotine won't spare you.Jokes on you - everyone is in the red. There's some additional class above all of us who exploit the surplus value of the capitalists.
No.2457 KONTRA
Let me know when day of the guillotine is nearing so I can invest in private security companies.
>>2456>Man, that's some dangerous advice right there. I think the bigger area of expertise would be in looking at the broad information you get on the internet and trying to draw relatively safe predictions.I thought it more of a statement what domain knowledge is, rather than advice. Even if one is a street sweeper they probably have domain knowledge unknown to the company CEO or street sweeper industry investor pros. Doesn't necessarily mean the knowledge is is actionable.
No.2462
>>2455>When the day comes, guillotine won't spare you.When the day comes I'll make sure to buy guillotine stocks.
No.2613
The site is loading properly again, but this kind of thing does not inspire confidence.
>>2457>Even if one is a street sweeper they probably have domain knowledge unknown to the company CEO or street sweeper industry investor prosIf Home Depot is busy, the economy is fine, but when foot traffic dies the guys in the lumbar department are the first to notice. Slow week at work? buy SPY puts.
>>2335>I won't throw the house at it. Despite believing it will go up.TSLA stock price down ~15% since I made this post. #Accountability
No.2949
>>2942What
>>2946 says, the only way to really win at investments is to be the bank.
No.3966
>>2949>the only way to really win at investments is to be the bank.Who's the bank and how would it win by an investor losing money?
No.3968
What is Ernst holding at the moment?
Here:
TUI AG (bought at 6,32€)
INTEL (bought at 30,43€)
Hims+Hers (bought at 8,42€ and it was an impulsive buy that i regret)
VOLVO CAR (bought at 3,64€)
And then i have some smaller summs (below 500€) in Coca-Cola, 3M, Bank of America and some lithium mines.
I plan on getting some more INTEL, TUI and lithium stuff. Maybe 3M and i go for some German real estate companies like Vonovia or TAG Immobilen soon. Also BASF.
No.4086
>>3968Deutsche Post, Freenet and SADLY Volkswagen (which I bought at the ATH). The Rest is on Tagesgeld (2.3 Prozent a year)
I wait for a real good time to get in more. TUI is not looking good, but 3M is on my List too
No.4089
My stock picks in brief:
Sold? Too early.
Holding? Down, increasingly.
Passed on? Way up.
Such cases.
No.4091
>>4056>because I didn't buy TSLA.At least you invested it all in Nvidia last year, right? Right?
>>4086>TUI is not looking goodWhy is that?
No.4093
>>4086>3M is on my list, tooDividend stock will rise when the FED lowers interest. But the question is whether MMM will still be dividend stock after the FED lowers interest.
I hold this toxic shit and I'm too retarded to sell.
No.4110
I read that it's possible to buy ETH via PayPal on eToro. I'll do some research about that, and if this is feasible I might put some money into that, and then forget about it for a while. I wanted to have a little crypto stash as long-term high-risk investment, like 10-15 years or something. If it blows up: No harm done, it will be less than what inflation eats away each year. But if it does well the value might even multiply. Also HODL!
No.4121
All-in SP500 for now, a slight typical diversification into bonds will happen after the sale of my real estate.
Last time I tried to hold single stonks, I suffered through up to -50% on AMD and NVDIA and said myself to hold them longterm anyway, just to sell them when they finally where +10% while they would now be at something like +50%.
Single ETF, buy only, never look at it, the dead make the best retail investors.
No.4131
>>4127Better long time performance, less turnover, lower cost, better tracking difference and their companies cover the whole world anyway.
I don't see us Yuros ever getting ahead of the US ever again and the rest of the world is a shithole, financially, sometimes also culturally.
No.4132
>>4131>and the rest of the world is a shitholeIn 30 years India will be number 1. Maybe number 2 after China.
While i'm going to sit at home, trying to power my new 200" TV with a hand crank generator, which is going to be the only legal source of energy when there's no wind or sun outside, dem Indians just keep getting ahead by not giving a fuck.
MSCI World and MSCI Emerging Markets all the way.
No.4135 KONTRA
>>4132Sure thing comrade.
No.4139 KONTRA
>>4138I know a person who I think has a decent amount of money saved, not even necessarily invested though. And this person has no kids and the prospect of kids is not around the corner. Albeit this person is rather young (passed mid twenties). But I can't get it in my head why this person does not buy a little luxury here and there. Some nice food, take a trip to somewhere. Not a journey around the world, but maybe a week in Italy or something. Such an amount of money spent would probably be back within a few montsh of saving. Instead, these people pile money, pile for what? For bad times? Yeah sure, it's a good idea to have emergency savings/wealth, even a decent pillow of it is not wrong either. But why be so stingy with yourself and never spent money to have some fun and make some experiences that differs from their daily dread? Nothing big. A nice lunch for example instead of the cheapest products from the supermarkets. I'm not talking about getting lunch or dinner nearly everyday but maybe once a week.
No.4140
>>4139>But I can't get it in my head why this person does not buy a little luxury here and thereI can identify a lot with that person, I also have no real use for money. Most of the examples you made I would consider to be wasteful. A week in Italy or similar things I wouldn't even do if it was free, it would be stressful for me and I'd feel out of place. Luxury products / fancy cars are also out of question, since I've grown up poor and despise such things. Sometimes I buy decent (read: not the cheapest one available) products, but only if the old product I used is broken or otherwise unusable, but that means I basically buy the cheapest thing that satisfies my reasonably upgraded needs. The only thing I willingly spend more than necessary is food, because you literally put this into your body, so it makes sense to watch for quality. But that is basically limited to things like eggs or meat. With things like vegetables, bread, milk products, tea and some more I don't really feel the need to upgrade them, since the base product is already great. And in my opinion at least 80% of getting good food means no alcohol, not too much sugar, no fast/junk food, no energy/soft drinks and so on, and only then the leftover 20% may be quality of the things you actually buy. Whores per definition don't sell what I want, and I'm not interested in getting drug addicted, so those two money drains are also not available for me.
And there's always the thought of never buying things that aren't necessary, because it's a waste of resources, and I don't mean money here, but the resources needed to create that thing. If you ask me things like fashion should be abolished. Imagine wasting natural resources just to look good, and then throwing it away because it's not "in" any longer. The mere thought makes my stomach churn. It's the same reason why I hate to throw away food, especially meat. It's one thing to kill animals for food, but fucking up my time management and having to throw meat away because it has expired is just a disgrace.
The piling of money is not intended, it's just a byproduct of not feeling the need to spend. It has nothing to do with being stingy in my opinion. but I can see why it would look like it.
No.4142
>>4140Ernst, getting a lunch you are not paying for the ingredients but also for the service. So go where people use good ingredients and then pay them for their service on top. You can consider this a waste since you can make it yourself of course
you probably can't because you are not a chef and lack some tricks and equipment. Or you just enjoy not preparing a dish for once but getting it done by somebody else. People don't go for lunch because the food is the best ingredients. They go for lunch to eat a nicely prepared dish without doing anything but waiting for the food. Or do you also skip a Döner because the guy behind the counter is doing a service to you which is frivolous? If you can't get the poor people's survival habits abolished then so be it and you are more or less uselessly piling money/wealth. You could finance an organization that is having a noble goal in your eyes. For example, an organization that fights food waste.
No.4143
>>4142>Ernst, getting a lunch you are not paying for the ingredients but also for the service.Oh, I misread that, I thought it was still about quality food. I sometimes do that, mainly for things I can't do properly myself, but as you said, that's once a week, so it's not a major factor. But any time I do that, I'm amazed at the luxury I am indulging in. These things still feel special to me. And so does going to the butcher and ordering steaks, just because I feel like it.
>Or do you also skip a Döner because the guy behind the counter is doing a service to you which is frivolous?I rarely buy Döner, because once the opportunity is there, I could as well eat at home, because it's not far. It's not about money, it's the knowledge that I already have food at home, so I rarely resort to Döner. But it happens, maybe once every few months.
>If you can't get the poor people's survival habits abolished then so be itThis reminds me of a friend of mine, who put a lot of effort into his career and thus by now makes more money than me, and still he was always complaining about how things are so expensive. Some day he said to me: "Ernst, I wish I had your standards, things would be so much easier". And he's right.
>and you are more or less uselessly piling money/wealthI'd rather uselessly pile up money than to spend it for things I don't even want. Like I said before: There's nothing worth spending on for me. If there was, I'd do it. All my hobbies are already well funded, and my fridge is full. The more you have money involved to satisfy your needs, the more dependent you become on money. I'd suddenly be dependent on my well-paying job, while currently, if something went wrong, I could just tell everybody to get bent and take any job which pays less, because I don't need to care. That's freedom for me, especially after being poor in my early life and watching my mom struggle to make ends meet.
>You could finance an organization that is having a noble goal in your eyes.That's likely going to happen - after my death.
No.4155
>>4137And your point?
It was like that in the past so it will stay like that forever?
No.4158 KONTRA
>>4143It's more about having an extra thing next to piling up that you can spend.
You think it very functionally. I have food at home so I can eat that, and it's cheaper than eating a lunch or Döner. True, and I often reason like that
because I simply don't have the money, but when you have why not enjoy things, nobody says you should risk your future for lunch or fancy dinner. But as I tried to elaborate in the other post, you don't buy nutrients to fuel your body when eating out. You buy into a feeling, in pleasure, a little luxury, a treat, in having time to just relax and enjoy and not put work into preparing something.
I give you an example. I was out with a friend, walking around chatting, we decided to check a neighborhood nearby with high rents (and there would be the bars and restaurants that exploded in the last two decades, don't you feel like that happened?) to have a drink and maybe a little dish. The drink was 10€! 9,5€ to be precise. I could not believe my eyes. But when did I eat out the last time? Long ago. But I know from other bars that this was definitely overpriced as fuck. I still bought it, just to continue having a nice time with that friend. It did not break my budget and it made the evening more enjoyable.
But maybe you do this. One should not feel bad. Money can buy you more than functional and existential things. I don't mean a Porsche, a Yacht, a penthouse or a some expensive beef from Japan. It buys you time of, it buys you time to relax. Sure, you can go sit on your couch or go to the beach and lay down on a towel and relax. For some people relaxing is worth a price higher than that. YOLO, Ernst. YOLO but don't be stupid. And I don't think you are anywhere near doing stupid stuff with your money. I'm also not saying you should spend your money on relaxation now but it was a suggestion that money can buy you different experiences and qualities than nutrition and a place to sleep and wash yourself. Maybe something of these option is important to you that can enhance your quality of life without fucking up the environment, harm animals or humans extraordinarily that you think is worth the price without risking a wealth for old age or job loss or whatever it is that you are fearing
as a certified psychologist I'd say you fear being poor again which is understandable but it will probably not happen when you spend money on some things while still having increasing your wealth every year, after all that is how most rich people live, they spend a certain amount for a nice comfortable luxurious lifestyle while also making sure their wealth increases regardless.
No.4204
>>4137It's even more obvious if you visited some of those "emerging markets" yourself and know how they work on the inside.
I see no reason why America should stop being a fair playground for capital and talent and both things kinda enjoy liberty.
Example: Yurop gets 100k new refuggers and the US and Canada both claim that their humanitarian share to help will be the resettlement of 10k each. Now guess who gets the tripple screened, useful academic families and who gets the illiterate rest.
For them America is a golden ticket into prosperity too, rather Yurop with its 10000 rules and norms about anything just to have your income tax-taxed to pay for lousy state amenities that one hasn't asked for or could provide oneself for better, like our retirement gibs pyramid scheme etc.
No.5202
Ernst startet a savings plan for various (mostly German) real estate companies.
I assumed that they would slowly get back up after the extreme crash the industry had. Around 2 month in an some of them are over 30% up already.
I don't go full in and keep the plan with around 200€per month going. I should go full in.
The companies:
LEG Immobilien
TAG Immobilien
Vonovia
Deutsche Wohnen
Aroundtown
Adler Group
No.5249
>>5202Market is slowly pivoting towards expecting lower interest rates going 2-3 years forward, good choice. But never go full on in, stick with a strong base ETF for your main and know when to rotate money out of your winners back into your base.
Just keep reminded that you will never EVER outperform the market in the long run and it's that long run that generates you the big profitsss.
No.8514 KONTRA
>>8510i hate you.
stonks seem logical sound, thou... No.8576
>>8510SP500 all the way, it covers all your investing needs.
Just recently dropped another €10k extra in it from a early inheritence gift by my granny.
No.8578
I put 75% of my earnings to a deposit, and knowing the current market situation, I'd prefer not to risk it
No.8579
Don't know what to do, all investments suck. Moved another 1000 into mintos yesterday for lack of better ideas and 5000 into treasury bonds due 2025.
No.8580
>>8576lol, can't do that. My grandparents are dead, but if they knew I'm putting their money in stocks, I'd be in for a scolding, so I got to keep it in an account. I could use it for real estate, though.
No.8581
>>8580Are they checking your finances?
>Yeah... I put all that money into a Bausparer, of course, 2% interest, how can I possibly loose with that... Haha! Not that I suggest gambling the money on single high risk stonks.
No.8582
>>8581>Are they checking your financesFrom beyond the grave? In their case, I consider that highly likey. When they were alive, they couldn't do it, but now that they are dead, they are probably sitting on a cloud somewhere and check on me. And I will get my dressing-down in the afterlive.
I can do whatever I want with money I earned, obviously. But with the money they left to me, I have to do something they would agree on. Anything traded at an exchange is just not possible. They viewed it as clearly immoral, for rich people and crooks, not for normal, hard-working folks. (And don't trust the bank, either, the people who work there can see how much you got, so move it to a different bank, where no one knows you.)
No.12846
>>12807100% SP500 100% of the time.
Gotta say except for some EUR/USD currency shenanigans recently again, I am well satisfied with how it is going.
On another note, the Thai Baht keeps climbing despite high season bringing in fresh foreign money.
Prolly not everything going as well as they want to make it seem, but good for us western Falangs as our holiday budget keeps growing.
I physically wasn't able to shell out all the cash I brought with me on my last vacation.
Just if somebody is looking for a cheap holiday destination, you literally have more money available there then before Covid so you won't feel any inflation.
No.12955
I got a bunch of coins. Some of them silver and pretty heavy (~30g).
How to find out if they're worth more than the silver or how pure the silver is?
>>12846The S&P is way too tech focused right now.
No.12961
>>12955It's a long shot, but you can try to find them here:
https://en.numista.com/catalogue/index.php?ct=coinCame across that site while I was looking to buy an old coin. I ultimately didn't.
No.13549
That feel when I can't get myself to take some of my spare money to put into ETH, because I'm too lazy. I suppose I'll just wait for the next crash and reframe this retroactively as smart behaviour.
No.13565
Nvidea is basically printing money at this point. Not complaining. They dragged the market up today.
>>13549Which crypto platforms can you use? I think Coinbase is the last man standing for NY customers. I used to have a couple others-Binance US, coinex- but they're no longer available.
No.13568
>>13565I used HodlHodl a few times, but it's already been a while, now I'm using eToro. I have no idea which one is the best, and I'm reluctant to invest a relevant amount of money, because it seems to be a real drag to transfer currency to a local cryptowallet, and for obvious reasons I don't like the idea of investing money into a private platform that could simply disappear any day. Not that funds are 100% safe in a private wallet, but if I lose those, at least it would be my fault.
No.13571
>>13568>a private platform that could simply disappear any day.That was one of the things which limited my crypto investing/gambling/speculating. Even Coinbase, a legally compliant platform, treats customer holdings as their asset. Unlike a bank or brokerage account, if they go bankrupt, your money is gone. Bitcoin has had moments when I considered throwing some money at it, but with that risk never did. Now that there is a Bitcoin etf, it's back on the table.
>etoroNew York really hates crypto.
No.14986 KONTRA
>>14983I've always wondered what the re-sale value of "retail" physical precious metals is. For whatever reason I imagine that the item loses at least 20% of the value the moment you buy it. Source: I made it up.
Anyways, your MSTR play is doing incredibly well, congrats! Did you sell any of it yet?
No.14987
>>14986You're not far off. From my recent reading, silver can be sold at spot to local coin shops, but retail pieces carry a premium over that number. With tax, the above lot cost me $31/oz. Without my roundabout method of cheap acquisition, that's roughly a 25% haircut right off the bat.
>MSTRI didn't have the courage to buy in ;_;
Fundamentally, I still believe crypto is a bubble propped up by Tether fraud, and I didn't want to risk being the bag holder. Scared money doesn't make money, and I missed out.
However, the recent Bitcoin ETF's have created new institutional buyers, and this legitimate demand does have my attention. Bought the equivalent of 1/100 Bitcoin in IBIT. It went down. Then up. Then down and up again. We'll see how that plays out over the next few months.
No.14989
1/3 BTC
1/3 iShares Core S&P 500 UCITS ETF
1/3 Invesco QQQ Shares
I'll probably switch to Vanguard's ETFs (profits are better distributed for the "good times"), but for now, DCAing 75% of my salary into these three is a decent long term saving strategy. I'm kinda a risk aversive person, who took a few courses back in the day, so I don't throw my money at TSLA and scream "Why it doesn't go up". There are a lot of opportunities to scalp the market, which requires time and practice fine-tuning bots against an army of AI fed giants.
No.14990
>>14983> I imagine that the item loses at least 20% of the value the moment you buy it. >>14986> From my recent reading, silver can be sold at spot to local coin shops,Doing the math:
Spot price for silver is $25.3 per ounce. I can buy maple leaves at 27.67€ per ounce. $ is at 0.93€. That is roughly 14% spread (sales tax included.) That's short of 20%, but still pretty bad and you really have to believe in silver to enter this transaction.
Is it better with gold?
One ounce of Krügerrand retails at 2113.84€. The spot price is at $2257.56, translating to 2099€, which is a spread of about 1%.
No.15004
>>14989>I'm kinda a risk aversive personSame, so much so that I haven't touched QQQ.
Current portfolio is 70% Money Market Fund, although I'm thinking of moving some directly into T-Bills. The return is only slightly higher for my trouble (5.3% vs 4.9%), but the interest paid on T-Bills is also exempt from State income tax while Money Market dividends are not. Could add up to real savings next filing season.
>>14990Higher dollar buys bring the purchase price closer to spot. A one kilo(35.2 oz.) bar of silver is currently listed for $887.35, which is $25.19/oz. before taxes. Current spot is $25.87. In NY, I can actually avoid sales tax if my purchase is over $1000.
Arbitrage opportunity intensifies.
No.15005
>>15004Well, I'm trying to beat inflation + add a nice profit with few % on top of that, I don't really see a better option with my low income. The choice of these particular shares is bound to me using an official app of a local stock market with low fees and barely any variety, otherwise I'd have to risk sending moneys to IB or something.
No.15587
Added options to my brokerage account. Looking at Married Puts. Think this suits my investing goals/risk tolerance. Make some money/Don't lose too much money. Comes with an upfront cost of the put contact, but limits losses to that initial hit while maintaining exposure to the upside. Premiums vary depending on the underlying stock, becoming prohibitive with longer expiration dates.
Example: DIS currently 113, with June in the money Puts @5.15. Would need to hit 118 in the next two months to break even. if it doesn't my loss is limited to 515.
Hm. Still risky.
Research continues.
https://www.poweropt.com/marriedputhelp.asp No.16318
>>16158>I don't like to automate financial dealings unless there is a significant advantage.Turns out there
is a significant advantage to automating my T-Bill purchases. The four-week bills auction on a Thursday and mature on a Tuesday. Four weeks and five days later. If I wait for one to mature before rolling into another, I will miss the prior Thursday's purchase window. To keep one four-week bill maturing each week, I actually need to purchase
five. Both Treasury Direct and my brokerage offer an auto roll feature. With this, any maturing funds will be reinvested the same day into the next T-Bill. Somehow, they can administratively close that five-day gap.
Anyway, enjoy this reference for visual learnings. I must ponder if I want to hold five four-week T-Bills or allow the money men to magically move time. Both options agitate my autism.