1Yr

@randomdude Entered the ETFs with "%" quantities at Parquet to get to a smooth €10,000 = 100%. I then checked the weighting and modeled the quantities to fit well. With the MSCI World I prefer to split the currency risk, especially since the dollar will probably continue to depreciate. From the overview gehts since I am quite busy anyway and the sums are unchanged but not "earned" themselves.

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Golden Boy@randomdude

1Yr

@WindkraftJAbitte What is your investment horizon? Do you want to readjust every time the currency trend turns? And what's the point of that? Sorry, but I don't understand why you complicate a world portfolio like that. Accentuating certain aspects over a plain vanilla All World ETF I find totally understandable if there is a valid thesis behind it. But I would leave it at that.

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1Yr

@randomdude I simply allocate the msci world to two currencies in equal parts. The advantages of diversification more than outweigh the minimal disadvantage of "greater complexity" in the portfolio in my opinion. They will be on top of each other anyway since they are saved with the same amount. Unless the currencies develop in opposite directions and I look forward to the 50:50 decision :)

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1Yr

@randomdude Investment horizon is over 80 years (just turned 23) and want to bequeath as much as possible via "securities" - hoping the children will hold the papers and "only" collect dividends

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Golden Boy@randomdude

1Yr

@WindkraftJAbitte Do not understand what advantage should arise from this. At which level the currency conversion takes place should be quite irrelevant.

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1Yr

@randomdude I think that is really a thinking error on my part, you are right.

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Patrick@PaddySK

1Yr

@randomdude There is no currency risk with ETFs because the values are held in company shares and not in cash. The currencies are merely a visualization. And when the shares are sold, they are paid out immediately in euros anyway.

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1Yr

@_Paddy_ thanks for the explanation I'll change that :) had often observed slight differences in performance between two same ETFs with different currency when comparing on Just etf and then assumed the exchange rate had something to do with it

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Yassin@RisingAktie

1Yr

@WindkraftJAbitte the minimum performance differences can be found quickly and well explained on Google if you enter "Tracking error ETF".

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Pascal@Finanzios

1Yr

Take another Auschütter to take your allowance with you. 👍

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1Yr

@Finanzios any recommendations ? Have thought about Palantir or TUI

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Christoph06@Christoph06

1Yr

@WindkraftJAbitte from tui I would advise you not and palantir just very in the hype however it would be too expensive for me valued

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DerFinanzminister@DerFinanzminister

1Yr

@Martin1911 haha I was just joking to respond to Pascal's joke :)

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1Yr

Why All-World AND World+EM ?

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1Yr

@DerFinanzminister to have the desired weighting of the regions

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1Yr

Finally someone with Sumitomo Forestry in their portfolio. I'm very pleased, how did you find the share?

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1Yr

@deadcamel I mean that would have been a Handelsblatt interview in which some values and sectors were presented. Have bought again at Suitomo ran directly :) and you ?

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1Yr

@WindkraftJAbitte am in a Depotupdate of "Goldgraf" (do not know if you know him, makes the podcast Marktgeflüster etc.) stumbled on it and then have further researched. When I had seen the valuation at that time (October 22) I could not believe how low z. P/E ratio etc. was and I bought it. Since then, the share continues to climb, great company!

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1Yr

@deadcamel that's right, the P/E ratios are really incomprehensibly low over there. Professor Goldgraf also says something to me :) one of the serious content creators

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1Yr

@WindkraftJAbitte Moin, it's me again, unbelievable what is going on at Sumitomo Forestry, you could almost think the CEO had said AI in some interview🤣 PS: just looked again in your portfolio, congratulations on the 3 Millionen✌🏻

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1Yr

@deadcamel yes don't know what's going on haha just an undervaluation being discovered i guess

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1Yr

@WindkraftJAbitte I think the quarterly figures turned out better than expected and in addition the guidance was raised👍

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1Yr

If you want to build a world portfolio with your own weighting, then do it! Now it is with the WorldEtfs nothing whole and nothing half, because you can not determine their distribution. So 5 ETFs are enough: US, EU, D, JP, EM. You can take the premium index in your desired weighting and adjust it regularly if necessary.

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1Yr

@Epi As markets around the world are now becoming more highly correlated, perhaps it makes sense to add other asset classes as well?

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1Yr

@Epi True, but somehow I like many values, gives you a safe "diversification feeling". Peter Lynch also had sometimes over 1000 shares in his fund... :)

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1Yr

@WindkraftJAbitte You already know how many values you would have with the 5 ETFs mentioned? 1000 is not enough! 😏

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1Yr

@Epi yes are several thousand but almost 20% per etf the top 10 positions approx. and top 50 positions certainly >70%. what then follows after the 150 largest positions are at most 2% I think therefore is not the absolute number but weighting rather decisive. With an individual share I have only once transaction costs and never again an annual cost burden or the like, plus a personal "attachment" and it makes me just really fun to invest specifically in individual values - and to collect the personal dividends.

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1Yr

In the end, you leave the ETFs just like individual stocks... with complexity I have unlike felt everyone else here little problem, vllt also because I do not incredibly closely monitor the values - bring that does not anyway because the institutional are faster anyway 🤣 - my opinion but clearly change times the investment cases fundamentally

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1Yr

@WindkraftJAbitte The individual stocks are a separate topic. I was referring to the ETF savings plan part. In my opinion, the 5 ETFs mentioned are sufficient here, because de facto you only map the values contained in these ETFs with your suggestions. One more remark on the good feeling of diversification: you already know that diversification does not come from the amount of individual stocks in the portfolio, but from uncorrelated stocks. E.g. 7 bank stocks are less diversified than 1 bank stock and 1 pharma stock. My recommendation: do a correlation check of your stocks and throw out everything above 0.8. All this only brings mass into the portfolio, but no real diversification.

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1Yr

@Epi that's right, but I take some sector bets and diversify e.g. in the automotive sector between the stocks, but am overweight in terms of sector e.g. Do you have a tip how I can do this correlation check without much effort ? Sounds interesting

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Luca Stadler@LucaDerPrivatanleger

1Yr

@WindkraftJAbitte Portfoliovisualizer can do this at least for US stocks. Otherwise just ask Google.

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Daniel Lugo@Daniel_Lugo

1Yr

Weekly savings rate ... really awesome! 🍻

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1Yr

@Daniel_Lugo the job I also need that I can save so much money in the week🙈

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Luca Stadler@LucaDerPrivatanleger

1Yr

@LucaDerPrivatanleger was in my case not self-earned but inherited and a quite risky self-employment on the part of my father. But thank you for the positive comments :)

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1Yr

@WindkraftJAbitte should not be misunderstood. I just thought around 13k is a great sum at that age. I'm glad for you that this is possible and I wish you good luck 👍🏼

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1Yr

@LucaDerPrivatanleger all good haha thank you too

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Martin@CuriousBrewery

1Yr

Congratulations on the size of your portfolio in your early 20s! 💪🏻

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1Yr

@Vesbsl Dankeschön is but not self elaborated so only half as nice - a frugalist FCB newcomer would be interesting ;)

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Twizzi@Twizzi

1Yr

I would be very interested to know how you earned your money.

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1Yr

@Twizzi how I got the money is unspectacular, I inherited it from my father. His life is much more interesting. In short, moderately successful law studies, meanwhile sold model trains to finance travel and then worked as a bankruptcy trustee for about 3-4 years, put something aside but then stopped because the job was no fun at all and then his father asked him during a walk on which they passed one of the first wind turbines in the region if he does not want to "take care of the wind". Has reingehängt because he has longed for a (lucrative) way out of the professional life and without large start-up capital built many wind turbines from 1998-2015, so aggressively that we were 3 times close to insolvency. Unfortunately shortly thereafter seriously ill and could hardly enjoy the prosperity, which came so around 2018 only "to the surface" (before that, any free capital was put into new projects). We continue as a family the business, which is still quite "manageable" and want to get out of the burden and the risk of high debts, etc., piece by piece. - Nevertheless, we or I are not averse to the construction of new plants on the sites of old ones in the portfolio.

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Twizzi@Twizzi

1Yr

@WindkraftJAbitte It's a pity that he couldn't live out his wealth properly :/ But huge respect for what he has achieved. About your portfolio, why do you invest so much in etfs with such sums? You can set up a portfolio completely on your own. So you can save the TER. shares like Apple I have not seen a reason?

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1Yr

@Twizzi thank you :) I have also thought about the TER, but the ETFs are represented so far only with 15% in the portfolio and the DAX alone makes 6% of the weighting (which is of course no longer saved) so I think I build there so a self-rebalancing core. But in principle you're right of course. Apple I have not because the felt 3-4% of the MSCI world make up. Actually sow horny company only the percentage growth is difficult with such a market cap

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Twizzi@Twizzi

1Yr

@WindkraftJAbitte I understand, yes sounds plausible. I would not buy anything from Apple at the current time, first wait and see how the price develops. But I think there is still a lot going in the future

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Dominik-@Dominik-

1Yr

I would assume that quite a few shares are saved in triplicate. I also believe that Japan has a lot to offer, but the savings plan would be too unattractive for me.

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Leo@DasistderWeg

1Yr

With the sums it is virtually no matter what you do😂 shit 52k a month is nh announcement💪 Congratulations! I would save a simple All World, with TR with 40k per month is the end 😅 The rest then simply invest via one-time investment or send me via PayPal🔥🤓

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1Yr

@DasistderWeg give your Paypal address !

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Leo@DasistderWeg

1Yr

Comment was deleted

1Yr

@DasistderWeg 1. shares or the entire market and economic aspects interest me very much, I read a lot of business magazines and study business studies - I'm almost done (only BT) 2. it's fun for me to get to know individual stocks, understand the business models and become a co-owner of the company as a shareholder. The individual stocks give me the feeling of being consciously "fully" invested in something and tell a kind of story with their purchase date, cost values, quantity, etc. that I look forward to being able to look back on in the future and to put myself back in time or to be able to understand the development. Being "right" with an ETF is less fun than with an individual stock and I also take losses very sportingly - you just learn something. A good part of my shares are entries from two inheritances, which partly explains the extremely small positions. But even those have a history, and if I would sell them - order fees (DAB Paribas rather high but good broker) and partly tax rights away (bought before 2009 no tax due - not even 2070. I also have no problems with too many values, because I hardly sell or similar and small weightings represent diversification but no risk in my eyes.

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1Yr

@DasistderWeg
3. asset managers are extremely overpriced in my eyes and the fact that I have my largest part of the assets in business companies will rapidly increase my assets in the next 10-15 years and thus also the costs of an asset manager. He likes to take 1-2% rather 1.5% upwards - with that I have a six-digit cost burden at the latest 30 and give responsibility and know out of the hand. I do not need a marble entrance, wet handshakes, submissive looks, belly brush and a delicious coffee every 6 months at the reporting ... I want if myself a marble entrance ;) For many, an asset manager may be the right solution, because with the 1-2% a large "burden" and responsibility is delegated and of course placed in safe, competent hands.

If my assets would be a good deal higher, which is to be assumed with good business development and a few years or decades, I would think about the "establishment" of a kind of family office, provided my sisters and mother would also be interested in it. Then there would be 2-3 good salaries which would be cheaper than the 1-2%. The last big criticism of asset managers is in my opinion the allocation. It may be that the clients are extremely wealthy and only want security and therefore invested in bonds, commodities (corn 🤣), private equity, stocks, etc. - but bonds, commodities and PE do not interest me much because the return is rather below average and PE is anyway a non-transparent pile of shit in most cases. I wonder why you need this security with these sums, there is yes the rule (100 - age = % equity ratio). But that is true when assets are limited and you need security and stability to pay for your retirement and retirement home. For me this is as stupid as it sounds simply not an issue, it is about under reasonable return risk estimates "as rich as possible" to become but of course also to enjoy meanwhile. Therefore I want to summarize my hobby / passion & important know how not out of hand to pass it on to my children (not yet in the world) and I am also the home of the sisters and mother animated to invest etc..

PS: if my portfolio would be my only asset I would structure it differently, but I have such high net capital inflows that I will adjust it in a short time in the right direction. If large investments come to me in the short term, I clean up times properly and thin out Germany & Europe a bit :)

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Leo@DasistderWeg

1Yr

@WindkraftJAbitte Thank you for this really detailed answer! On the first point I can actually only agree with you, who it is fun to deal with shares and it would ultimately hurt to give this "hobby" out of hand, which should definitely stay with it! The "single share topic" is partly hotly disputed here ;) I myself am also a fan of single stocks. However, I have found that I have become too enamored with them, reducing my ETF (which is actually my largest position) to 30% of the total portfolio value. So for now, I'm aiming to grow the ETF for the next few years. Of course, it is less exciting than individual shares, but also a lot more stable. On the subject of tax rights, I can not say anything, because I myself am only invested since 2021. But I think your assessment is more than reasonable. Since one becomes almost envious, if you do not have to pay taxes ;) To the third point I honestly do not know so much, because it is not relevant for me as a student and also later anyway. But 1-2% are really extreme at some point! The plan with the "family office" tells me, however, that you know it much better ;) With high assets, even if in small pieces, I would still continue to diversify. Thinning out Europe is certainly a good idea (tells you the guy with BASF and Allianz as the largest position 😂) There is actually only to wish me good luck for your studies 💪

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Felix@Investor_in_Jogginghose

1Yr

@DasistderWeg it's actually true that you fall in love and it's scary that when i scroll through all of them i really always have a reason to keep them... and feelings of course have no business in the business :) how can it be that single stocks are scorned here but crypto disciples, technical analysis kevins etc. feel safe here in this forum? feel safe here in this forum 🤣 I also want to run a bit my own family office and vllt someday hire someone. Just keep the eyes open in all asset classes and especially if you have a lucrative project (company, real estate purchase etc.) and can calculate it, push the EK return with debt leverage.
I want to be able to answer constantly the question: "Where are my euros under consideration of yield / risk currently in the best place" to myself correctly and quickly ... the fewer middlemen and adverse interests the better! Have also made it clear to the bankers that I want to have special conditions and no cappuccinos, they have also been properly pressed what special conditions at the SPK depot and reserves resolution concerns.

A few values that were bought before 2009, are exempt from capital gains tax or withholding tax because this did not exist at that time - but I may not offset losses and there are unfortunately no blue chip values like Apple but old crutches often ;) Thank you also wish you much success!

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1Yr

You have more individual stocks than the MSCI World felt. I think you have a lot of stocks in between that really have sustainable problems to increase their profits. K+S, Tyssen Krupp, Deutsche Bank etc. Nice portfolio size of course, you can sit back and that will only be worth a fraction of your company. In principle, you have already identified your problems yourself. I don't find Japan so exciting, because there is hardly any growth.

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1Yr

@MiIliardenmehling In Japan, the deflation, demographics, growth and the horrendous national debt + any conflicts are already deterring. However, there are some companies there that appear to be grossly overvalued, usually have an incredibly high equity ratio and have a promising business model. In addition, many companies generate most of their sales abroad...

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