I think it's too tinkered with. All World and if it should be a little more Japan and Europe take the still in addition. And to the amounts: Do you add 3-5 zeros everywhere or how should we understand that?
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@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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@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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•@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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@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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@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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•@randomdude I think that is really a thinking error on my part, you are right.
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@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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•@_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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@WindkraftJAbitte the minimum performance differences can be found quickly and well explained on Google if you enter "Tracking error ETF".
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