Deleted User
1Yr
Comment was deleted
@California_Dreamin spontaneously, I would say good. What bringts if it makes you with ready when the prices collapse. Dulled is good, if it comes through the confidence in the values from the depot. I think with each title I could well endure a -20% price slide, if it goes down then generally and the problem does not depend on the individual value, then of course you would have to decide in each case. It must also not be an emotional blunting, but perhaps also simply a calm objectivity? 😉
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Deleted User
1Yr
Comment was deleted
@California_Dreamin to wish at the same time falling and rising prices, there you are not alone! On the one hand, the confirmation that the selected titles are the right ones and on the other hand, with exactly this knowledge, but to have expanded the right positions far enough. Yes that really tugs. I then simply rewind in my head 1, 3 or 5 years into the future and claw at the feeling when you can say with a clear conscience: I did everything right.
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Deleted User
1Yr
Comment was deleted
@California_Dreamin I think it depends on the individual and also on the strategy. For me, a rational, relatively unemotional approach to my investments is pleasant. I know my portfolio value roughly, of course, but whether it is 5k lower or higher (fluctuation range in an ordinary month) is actually quite indifferent to me. I basically already deal quite a lot with my retirement savings/fire, if that would also occupy me emotionally, it would be much too much for me personally. The first 1-2 years I was also more emotional and wondered which decision now what exactly has affected. Until I understood that many things were simply priced in by the market from the start - it's just not always easy to find out what exactly the market expectation was. Over time, I have lost / discarded the emotions for volatility as well as for larger amounts of money (in college I still considered 10k€ to be a really large sum of money, today this is in the range of "normal market fluctuation"). For me it was not wrong, I think. If you drive other strategies than buy and hold and check is possibly a bit more "commitment" but also useful.
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•@KevinC Yes, I agree with you. The depot grows now then also times neatly, just by the fact that one 1, 2 years or even more always regularly capital reinsteckt. Then suddenly fluctuations of 5% are already 5,000 € or 10,000 €, as you say. I find then again another dimension that makes you think, but you also learn over time to deal with it and become more hardened. I also continue to believe that with further experience also comes further serenity, for me, I am now "only" since 12/21. Sundra, you are already a little longer on the ball. You just have to have been through a few crises and find your (middle) way. Mine consists for now of no longer listening to Markus Koch twice a day, having 5 different investing apps on my phone and meticulously listening to the earning calls 😅 Markus Koch only when needed, app number and notifications have been scaled down and only read the summary of the earnings.
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•Deleted User
1Yr
Comment was deleted
@California_Dreamin That sounds - in my opinion - like a very healthy attitude. With a good strategy, things certainly don't go perfectly sometimes - it gets difficult when it performs poorly at the very beginning. My parents opened a small portfolio for me in the 90s. There wasn't much in it (35x Daimler, and shares of Dresdner Bank (later became shares of Commerzbank and Allianz). It was only after my apprenticeship and studies that I really had the time to deal with investments for the first time. That's when I finally got around to dealing with the subject. Since 2001 (conversion of the shares) the portfolio had no movement outside the annual dividends. Getting access to it at all (everything was still analog in the 90s) was an act with umpteen phone calls - didn't have oneline account, pins or anything else. Had very low expenses at the time and felt like I missed a lot of time. At 28, only had some savings in account (10k?). Due to quite acceptable salary and low expenses (own apartment in a grandparent's house -> payment was shopping and mowing lawn once a week) was able to make larger deposits monthly. FOMO was great, but of course I made many mistakes: the broker I used was very old and charged 10€ order fees. I had not paid attention to it and initially with positions such as "10x Coca-Cola" a lot of money thrown out the window. Just like tax unfavorable ETF locations, etc. I made every mistake I could think of, even though I read up a lot on investing in parallel. Maybe it would have made more sense to wait a little longer and not make 50-70% of the mistakes. Well, lesson money and no longer change 🤷♂️ beginning of 2018 was that. 2020 I then set myself the goal of not having to work until retirement in a job that I do mainly for the salary. I assume I can also find jobs that I enjoy more than my current one. However, they will pay nowhere near what I envision.
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•@Fabzy very good point! These notifications are mMn for many users not necessarily good. I have for many apps actually disabled the mobile data. Not (yet) for Getquin, but I should possibly limit myself a bit. In my old job I commuted long every day (80 km, 1-1.5h each way). There I listened to all the stock podcasts that came out. Was way too much in the end. My watchlist had around 140 stocks because I kept hearing about interesting companies. Now I'm more interested in the longer term issues. I only commute 2x (weekend commuter, new job) and listen to what really interests me and gets me ahead. Jumping on every bandwagon or at least every unknown company once to sift / screen was at some point almost as much work as my full-time job 😅 At some point there should also be time for friends, partner / partner, hobbies and sports...
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