I have now decided to reallocate the European stocks. The money is now flowing into Vertex Pharmaceutical $VRTX (-0.44%) and Cintas $CTAS (+0.17%) and my ETF $SPYI (+0.26%)

The big world ETF guide

Reading time: approx. 12 min

1) INTRODUCTION

Anyone entering the world of investing and wanting to start investing often wants one thing above all else: Simplicity.

A globally diversified ETF offers just that: an uncomplicated way to participate in global economic growth at low cost without having to familiarize yourself with complex investment strategies. But when it comes to choosing the right global ETF, many beginners are faced with the question: Which is the right one for me? me?

In this article, I will introduce you to various options for building a diversified world ETF portfolio. We start in the first section with the "one ETF for everything" solution, which is particularly suitable for investors who prefer not to deal with the topic at all. These one-ETF solutions can be saved like a piggy bank and are probably the most passive form of investment.

For investors who find the single-ETF solution too boring or under-complex, we turn to so-called multi-ETF solutions - i.e. investment ideas that include several ETFs. In the final section, we will take a closer look at a special variant that can be considered complex and requires more activity.

If you are a beginner, you can safely stop reading after the first section on the one-ETF solution, as this section contains all the information you need for a simple but effective investment in ETFs. The interested and advanced reader will then get their money's worth in the last section.

2.) THE ONE-ETF SOLUTION

Let's start with the simplest of all conceivable options: one ETF for everything. But even with the simplest form of building a world portfolio, it's the small but fine details that count. Each variant includes specific ETF suggestions with which you can realize such a one-ETF solution.

2.1 MSCI World

Probably the best-known world index is the MSCI World Index. This focuses on the largest companies in the so-called developed markets. The index contains the 1500 largest companies from 23 industrialized countries and comprises around 85% of the market capitalization of the world's industrialized nations [1]. The USA has by far the highest weighting, accounting for around 70% of the entire MSCI World Index. The second-highest weighted country is Japan with around 6%, followed by the UK with around 4%. German equities account for just over 2% of the index. The largest 10 positions - with illustrious names such as Microsoft $MSFT (-1.05%) Apple $AAPL (+1.34%) or Nvidia $NVDA (+2.01%) - already make up 24% of the overall index.

The easiest way to invest in the MSCI World Index is via an ETF. The most cost-effective option is the Amundi $MWRD or SPDR $SPPW (+0.25%) which only incur annual costs (TER) of 0.12% [2]. These are accumulating ETFs that do not distribute the income from the individual shares but reinvest it at fund level. If you prefer regular distributions, you can also choose a distributing ETF such as $MWOE (+0.25%) or $HMWO (+0.26%) you can also choose a distributing ETF.

2.2 FTSE All World

Another classic in the field of world indices is the FTSE All World. In addition to the industrialized countries, it also includes so-called emerging markets (emerging markets). The index includes the 4000 largest companies from around 50 countries [1]. In addition to the industrialized nations, the index therefore also includes shares from China, India, Brazil and Taiwan, for example. The total weighting of the USA in the FTSE All World is around 60% and the 10 largest positions account for around 21%. About 90-95% of global market capitalization is covered by the FTSE All World.

The biggest difference to the MSCI World Index is that the FTSE All World also includes emerging markets and is therefore even more broadly diversified worldwide. According to [3], the cheapest accumulating ETF on the FTS All World Index with an expense ratio of 0.15% is the one from Invesco $FWRG (+0.25%) . However, the FTSE All World ETF from Vanguard $VWCE (+0.17%) enjoys enormous popularity here on Getquin (@Lorena). Distributing variants would be the $FTWG (+0.27%) from Invesco or the $VWRL (+0.18%) from Vanguard.

2.3. MSCI ACWI IMI

Probably the most broadly diversified index is the MSCI ACWI IMI. The somewhat unwieldy name stands for MSCI All Country World Index (ACWI) Investable Markets Index (IMI). This comprises over 9000 shares from industrialized and emerging countries.

The biggest difference to the FTSE All World apart from the fact that the number of shares in the index is more than twice as high, is that the MSCI ACWI IMI also includes small caps and thus achieves an even broader diversification. According to MSCI, the index covers approx. 99% of global market capitalization.

With an expense ratio of only 0.17% and at the same time the only accumulating ETF on the MSCI ACWI IMI is the $SPYI (+0.26%) from SPDR. The distributing variant has also been available since June 2024 $SPSA (+0.23%).

In my opinion, the MSCI ACWI IMI the all-in-one package when it comes to broadly diversified global investing. I therefore personally use the $SPYI (+0.26%) and the $SPSA (+0.23%) for my child's custody account.

The following chart provides an overview to illustrate this:

To calculate the real performance, I have created sample portfolios with the corresponding ETFs. For the MSCI World I chose the $SC0J (+0.16%) as it has been tradable in Germany since June 2009. For the FTSE All World, I opted for the classic $VWCE (+0.17%) from Vanguard, which has been available in Germany since July 2019. For the MSCI ACWI IMI, I opted for the $SPYI (+0.26%) which has been available to buy in Germany since 2011.

As a result, the maximum comparison period is July 2019 to the present day. During this period of just over 5 years, the MSCI World ETF $SC0J (+0.16%) has performed best with a performance of around +102% (+13.6% CAGR). The FTSE All World $VWCE (+0.17%) follows with a performance of +90% (+12.4% CAGR) and in last place is the $SPYI (+0.26%) with +85% (+11.8% CAGR).

Unsurprisingly, the MSCI World is ahead in the selected comparison period. This is mainly due to the significantly higher weighting of the USA in the MSCI World and the absence of the emerging markets, which performed comparatively poorly in this period. Although the ACWI IMI is similar to the FTSE All World, it performs somewhat worse, as the small caps also lagged behind the broad market in the comparison period.

As past performance is no guarantee of future performance, this does not automatically mean that the MSCI World will perform better than the other two variants in the coming years. That is why I personally continue to prefer the MSCI ACWI IMI for long-term investment $SPYI (+0.26%).

3.) THE MULTI-ETF SOLUTION

Why keep it simple when you can make it complicated? That's what many investors think - myself included. There are several ways to construct a global portfolio with more than one ETF to allow a certain degree of flexibility. However, this is only necessary if you consciously over- or underweight certain countries, factors or sectors. This may be because you have a very positive view of emerging markets or because you consider the 70% US share in the MSCI World to be too high.

However, flexibility and personal views also entail more complexity and work than the one-ETF solution. As soon as we have more than one ETF in the portfolio, the question of weighting, rebalancing and when to rebalance at all automatically arises. This also increases transaction costs, and rebalancing can lead to early taxation and an interruption of the compound interest effect. To justify this, you should be very sure that the one-ETF solution is not the ideal solution for you personally after all.

A detailed performance comparison is provided after the presentation of the world portfolio solutions at the end of this section.

3.1. 70/30 Portfolio MSCI World & Emerging Markets

A classic variant to cover the emerging markets missing from the MSCI World is a portfolio consisting of an MSCI World ETF and an MSCI Emerging Markets ETF. A weighting consisting of 70% MSCI World and 30% emerging markets is established and often quoted.

Compared to the FTSE All World, this is a higher proportion of equities in the emerging markets, as this is only around 10%. You should therefore consider a 70/30 portfolio above all if you want to overweight the emerging markets compared to the FTSE All World.

The cheapest MSCI Emerging Markets ETF with a TER of 0.18% is the $AEME (-0.15%) from Amundi. China is the largest position with a weighting of 24%. It is followed by India with a good 20% and Taiwan with around 19%. In the 70/30 portfolio, the country weighting is currently 48% USA, 7.2% China, 6% India, 5.6% Taiwan and 4.1% Japan. Germany is represented with around 1.6%. The total expense ratio of the 70/30 portfolio is 0.187%.

3.2 FTSE All World & Smallcaps

As already described in the previous sections, the FTSE All-World already contains a 10% share in the emerging markets. Only the global small caps are missing. In order to still cover these, an MSCI World Small Cap ETF can be used. In so-called factor investingthe small-cap factor is one of the best-known factor premiums [4] - small-cap stocks should achieve higher average equity returns. However, the details of factor investing will not be discussed here. You are welcome to use the source cited [4].

A portfolio consisting of 85% FTSE All World and 15% small caps is an example of a possible world portfolio that takes small caps into account. The practical implementation could be realized with the FTSE All World ETF $VWCE (+0.17%) from Vanguard and the MSCI World Small Cap ETF $WSML (+0.52%) from iShares. However, the expense ratio for the $WSML is already comparatively high at 0.35%. The overall portfolio has a TER of 0.24%.

3.3 Modular portfolio

If you want even more leeway when creating a global portfolio with ETFs, you can take the next step and put together a portfolio based on the modular principle. Instead of using the traditional division into industrialized countries and emerging markets, you select the individual world regions separately and determine their weighting yourself. This approach offers great opportunities and freedom, but at the same time significantly increases complexity.

Such a modular world portfolio could look like this, for example:

• 50% USA via S&P500 ETF $SPXS (+0.29%)
• 20% Europe via MSCI Europe ETF $XMEU (-0.82%)
• 20% emerging markets via MSCI Emerging Markets ETF $AEME (-0.15%)
• 10% Japan via MSCI Japan ETF $LCUJ (-0.59%)

The selected weightings and regions are of course subjective and depend on the individual preferences of the investor. The world's strongest stock market in the USA is represented by the well-known S&P500 index. The entire European region, including non-EU countries, is covered by the corresponding ETF. The advanced industrial nation of Japan is represented by a special ETF, while China, India and Taiwan are included in the portfolio via the Emerging Markets ETF. The total expense ratio of this example portfolio is 0,097%.

3.4 Performance comparison

Due to the start dates of the ETFs used, a performance comparison is possible here from August 2019. For the performance comparison, I have created corresponding sample portfolios here on Getquin and rebalanced them at annual intervals. rebalancing at annual intervals.

The rebalancing proceeded as follows:

• the weighting of the portfolio is checked once a year
• if an individual weighting deviates by more than 30% from the target weighting, the entire portfolio is adjusted back to the original target allocation

Specifically, I have (arbitrarily) chosen June 15 as the cut-off date for rebalancing. The annual review of the weighting is a compromise between effort and cost. Rebalancing too frequently would cut profits too quickly; rebalancing too infrequently, on the other hand, would blur the intention behind the portfolio, as the weightings of the positions would move too far away from the original weighting.

Overall, the 70/30 portfolio was rebalanced once during the period mentioned, as the share of the MSCI Emerging Markets had fallen below 21% (30% below the target weighting of 30% in the portfolio). No rebalancing was necessary in the FTSE All World & Smallcap portfolio. By contrast, the modular portfolio had to be rebalanced twice. As you can see, more ETFs usually mean more work.

The performance of the individual world portfolios over 5 years was:

• 70/30 portfolio+80% (+11.7% CAGR)
• FTSE All World & Smallcaps: +86% (+12.3% CAGR)
• Building block portfolio: +87% (+12.5% CAGR)

No portfolio has outperformed the MSCI World (+102%) over the last 5 years, which is hardly surprising given the lower proportion of US stocks in the portfolios. In retrospect, the best performance over the last 10-15 years would probably have been achieved with a 100% US allocation. However, the aim of a global portfolio should not be to achieve the maximum possible return, but to achieve the return of the global equity market with the lowest possible risk.

4) CAN IT BE A LITTLE MORE EXCITING?

Some people may now be thinking: why always just these boring ETFs when Bitcoin $BTC (+0.02%) exists? Interest in Bitcoin has continued to grow worldwide in recent years and Bitcoin ETFs now offer easy ways for private and institutional investors to invest in Bitcoin. Just recently, Blackrock rated a Bitcoin allocation of 1-2% in a portfolio of 60% stocks and 40% bonds as risk neutral compared to investing in the Magnificant 7 Stocks [5].

Furthermore, the US share in the portfolio cannot only be represented by the supposed standard index S&P500. Many more risk-averse investors also like the NASDAQ 100, which primarily contains high-growth tech companies.

Example may-be-somewhat-more-exciting-world-portfolio:

• 25% NASDAQ 100 over $EQAC (+0.04%)
• 25% S&P500 Equal Weight over $XDEW (+0.67%)
• 20% Europe over $XMEU (-0.82%)
• 15% Emerging Markets over $AEME (-0.15%)
• 10% Japan over $LCUJ (-0.59%)
• 5% Bitcoin $BTC (+0.02%)

The total 50% US share in the portfolio is divided into the NASDAQ 100 and an equally weighted S&P500. The equally weighted variant was chosen to avoid too much overlap with the heavyweights in the NASDAQ 100 and to create a broader base. The 5% Bitcoin weighting corresponds to a more risk-averse approach than the 1-2% suggested by Blackrock and still keeps the volatility of the overall portfolio within a reasonable range.

As in the previous examples, I have created a sample portfolio on Getquin and carried out an annual rebalancing check. As Bitcoin is generally somewhat more volatile, I set a wider range than the 30% deviation from the target weighting: the rebalancing was only triggered when Bitcoin accounted for either more than 10% or less than 2% of the total portfolio on the reporting date.

According to these rules, a rebalancing was triggered exactly twice in the period from December 2018 to date: 2021 and 2024. In June 2021, the Bitcoin share in the overall portfolio reached 20% and 75% of the BTC position was sold. The rebalancing also triggered the sale of a smaller share of the NASDAQ 100 ETF. The proceeds were then used to reallocate the remaining ETFs. In June 2024, Bitcoin also reached the upper limit and another rebalancing took place.

In the selected period from December 2018 to the present day, the may-yet-be-somewhat-more-exciting world portfolio achieved an overall performance of +176% (18.4% CAGR), clearly outperforming the MSCI World (+122%). The main drivers of this outperformance are firstly Bitcoin (which traded at around €3,700/BTC in December 2018) and secondly the NASDAQ 100, which clearly outperformed the MSCI World during this period.

The outperformance would of course have been much greater with a higher Bitcoin or NASDAQ100 share. In my opinion, however, the chosen overall weighting of 30% reflects a good compromise between opportunity and risk. The highest maximum drawdown of the overall portfolio in the period under review was around -20%.

5) CONCLUSION

Despite the wide range of investment options, I believe that for most investors the world ETF is the best solution for long-term wealth accumulation. Nowadays it is easier than ever to acquire a low-cost world portfolio based on an ETF.

For investors who want a little more spice, numerous options have been presented to build their own world portfolio - you don't have to build your own ETF like @Simpson 🙃

Which portfolio do you find most interesting? If you are interested, I would be happy to provide you with the (more complex) sample portfolios on Getquin for you to view.

Stay tuned,

Yours Nico Uhlig (aka RealMichaelScott)

#etfs
#stocks
#guide

Sources:

[1] Stock Finder: https://aktienfinder.net/index-profil/MSCI%20World-Index#:~:text=Der%20MSCI%20World%20ist%20ein%20globaler%20Aktienindex%20und,im%20Dezember%202024%20-%20Alle%20wichtigen%20Infos%20hier.

[2] justETF: https://www.justetf.com/de/search.html?search=ETFS&index=MSCI%2BWorld&sortOrder=asc&sortField=ter

[3] justETF: https://www.justetf.com/de/search.html?search=ETFS&index=FTSE%2BAll-World

[4] Gerd Kommer Website: https://gerd-kommer.de/factor-investing-die-basics/

[5] Forbes: https://www.forbes.com/sites/digital-assets/2024/12/12/115-trillion-blackrock-recommends-a-2-bitcoin-allocation-comparing-it-to-the-mag-7/

Hello everyone. I started my journey on the stock market in April and I definitely don't regret the decision.

(According to GQ since 2022, but I only tested the stock market and Bitcoin with play money of €125, but sold it again straight away and the stock market was then next to nothing).

I'm now in my mid-21s and still live at home. My strategy is to build the basis with the $SPYI (+0.26%) ACWI IMI, and with the $CSNDX (-0.01%) NASDAQ 100 and stocks (maximum 10) that are high quality and buy to hold and should yield good dividends in maybe 20 years (small side income). With $BTC (+0.02%) or altcoins I am currently testing myself and trying to understand it better.

The $CSPX (+0.32%) S&P 500 with €500 per month

This is for a possible house construction in 7-10 years. (I am aware of the risk)

On the other hand, I put €50 in the $IWDA (+0.23%) MSCI World for my parents in 10 years when they retire and €100 in the $VWRL (+0.18%) FTSE-all world as a fixed pension. (An additional €200 per month via insurance-linked provisions such as Rürup and private pensions)

The Nvidia position is only so highly weighted because I got in at 104 euros with my nest egg (2.5k). It was a risky move, but as I don't need any big reserves apart from my car, I thought, why not?

Future goal: continue to expand the base with ACWI IMI and NASDAQ, and also add a few individual stocks that are perhaps not so heavily weighted in the existing ETFs. $MC (-0.25%) LVMH $OR (-0.71%) L'Oreal or $MCD (-0.31%) McDonalds, for example

The only thing I'm still wondering about in my first year on the stock market and don't know...tax.

I was thinking of selling the Nvidia nest egg position to take advantage of the tax-free allowance and have the money safely back in my account. The problem is that Nvidia is currently falling sharply. How do you do this or what is your advice? Or would you rather sell some of the ETFs? Thank you very much!

Hello everyone,

I would like to introduce you to my simple but fine portfolio. First about me, I'm 21, a student and still live at home. I started investing almost six months ago and have now switched from my initial foolishness to a more proven concept.

I plan to build up my portfolio into old age and will increase my savings plan rate from €70 to €200 from next year onwards - possibly even higher with more. The $CSPX (+0.32%) weighting will be reduced to 20% in the future, while I'm not sure whether $VWCE (+0.17%) unsure whether I should keep it or replace it with the $K0MR (+0.24%) (despite the higher costs) or the $SPYI (+0.26%) which seems attractive mainly because of the broader diversification. $VWCE (+0.17%) seems attractive.

I realize at the end of the day that this doesn't make the roast any fatter, nevertheless I would appreciate your opinions and thanks to anyone who has read through this.

Thank you!

Hello everyone.

Person: I am in my mid-21s and have been on the stock market since April 2024. Earn 2.3k net (accountant with further training next year to become a business administrator)

+ 520 euros part-time job in the stable and on the tractor with my aunt since I was 14 and still live at home.

History:

I was already at Scalable in 2022, burned 100 euros in penny stocks and put 50 euros in Bitcoin, but took it out again straight away at around 20k. After that, the stock market was quiet again until April 24 (if you had been more interested back then...many people probably think so).

Well... nevertheless, I was fired up for the stock market and went full throttle straight away. Since I had done a lot of "crap" with my money before (car for 25k + 5k burned at tipico with the money I earned during my training and on the side), this was a turning point where I wanted to be more frugal.

I invested the rest of the money accordingly.

Investing:

In the beginning, I was so extremely curious that I read all the media I could get my hands on. In addition, I sometimes asked questions 20 times, which is why many people were annoyed with me. I'm sorry about that. It was curiosity and the desire to invest well that drove me.

As I found the dividend strategy interesting, I sometimes had savings plans for 30 shares with 10-20 euros (I felt I always wanted a new one that I found exciting and rediscovered).

At some point it became too much for me and the amounts were too small, so I sold them all.... except for Nvidia. I stuck with the $SPYI (+0.26%) ACWI IMI and the $CSNDX (-0.01%) as I am convinced of the future returns. However, as this would be "too boring" for me, I have decided to add a handful of shares in the long term when a very good opportunity arises. So after a long time it was $ASML (-1.59%) that has prevailed. With the hope of achieving good long-term returns after a major correction.

$BTC (+0.02%) was a topic that I kept my hands off for ages because I never understood it...I still haven't got that 100% now, but I see it as a good alternative and I'm behind it.

The $CSPX (+0.32%) S&P 500 is saved to have equity for a house in 10 years. That's why I look at it separately.

The weighting of equities, ETFs and cryptos is currently as I had planned.

I invest €500 a month in the S&P 500

800€ in the ACWI IMI

In the NASDAQ 100 100€

In Bitcoin 100€

I also save 50 euros separately with TR in the $IWDA (+0.23%) for my parents' pension in 10 years to give something back as a thank you and €100 in the $VWRL (+0.18%) which is intended for the pension. (Another €220 goes into Rürup and the insurance company's private pension plan).

I also currently have Nvidia there with €2900, which will soon be liquidated and deposited at TR with interest as a nest egg.

Any money that is left over will either be divided up or used to buy something.

I've already reached my annual target of €15,000, which makes me pretty happy. The next step is €35,000 by the end of 2025.

The deposit with Scalable + Bitcoin is intended to last forever, in case I can manage without touching it with my family, children, house, etc.

Thank you very much!

At what point is my portfolio diversified? - Are 30 shares enough?

The question was asked recently:

"How many stocks do you think a diversified portfolio should have? I look forward to your opinion on this"

And as is customary on the Internet, a lot of opinions and half-knowledge were bandied about.

The answers vary between:

"only $BTC (+0.02%) " and "30-50"

If you look in other forums, numbers around 30 appear again and again.

But how do you arrive at this figure?

The 30 is derived from the central limit theorem.

https://en.wikipedia.org/wiki/Central_limit_theorem

However, this does not apply to us as investors. This is because it only applies under the assumption that the sample is randomly selected.

This then only applies to the respective sub-segment of the stock market. So you would have to buy 30 random US large caps and then repeat this for:

• US MidCaps
• US SmallCaps
• International LargeCaps
• International MidCaps
• International SmallCaps
• Emerging Markets

So if we want to have a diversified portfolio of randomly selected stocks with the ACWI IMI as a benchmark, we need more than 200 stocks. $SPYI (+0.26%) as a benchmark, then we need more than 200 stocks.

With the MSCI World $IWDA (+0.23%) it would be about 120 stocks,

This has little or nothing to do with reality, as investors do not pick their stocks at random. Selection bias is introduced into the system through the investor's likes and dislikes. To compensate for this, we therefore need far more values than in the previous example.

There is a nice article about this on Investopedia:

https://www.investopedia.com/articles/stocks/11/illusion-of-diversification.asp

Your Manager Risk Can't Be Diversified Away with Stock Picking.

One of the main reasons for this is that since 1926 only 4% of all stocks in the S&P500 have been responsible for 100% of the winners. Manager risk is therefore defined by not being able to identify these winners early enough, or not being given enough weight.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447

The answer to the question:

"How many stocks do you think a diversified portfolio should have?"

Is... *drum roll - ddddddrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.........*

Not at all!

And if at all, then only with a huge portfolio of around 1000 stocks that is so close to the market that you might as well leave it alone. Which is logical, otherwise actively managed funds wouldn't perform so badly.

*disappointed groan*

Since >95% of all fund managers (and investors) underperform their benchmark over 20 years, it may be a good idea not to take this risk.

But what if I want to take active manager risk and do stock picking?

My tip:

90% in a broad world ETF

And the remaining 10% in a STRONGLY concentrated portfolio of 10 stocks or less.

Only high-conviction stocks.

The logic behind this is very simple, if your top 10 don't outperform the market, your top 20 won't either.

Note:

If you disagree, feel free to say so. However, the word "diversification" can mean different things to different people.

I have assumed here that you want to remove (diversify) the non-systematic risks.

For example, Political and Legal Risk, Entrepreneurial Risks, Manager Risk, Model Risk...

If the word has a different meaning for you, you will come to different conclusions.

@Epi here we go😉

Brief introduction: I was very undecided about my strategy for a relatively long time and have rethought it back and forth several times and have now finally set up my portfolio (in its current form only this year) with a strategy that lets me sleep peacefully and that I hope will lead to a successful future stock market life. My strategy is also designed so that I have to worry as little as possible about rebalancing and actively do not have to worry about it. The aim of the portfolio is long-term wealth accumulation (10 years+).

About me: 34 years old, married, now 2 children, live in rented accommodation, work in middle management at a private bank in Hamburg, savings rate €1,000 per month, sufficient nest egg available and not tracked here

Strategy: I recently made a final decision in favor of an ETF as the core of my portfolio. The choice fell on the $SPYI (+0.26%) as it tracks large, mid and small caps from industrialized and emerging markets. The ETF should make up 60% of my portfolio in the target allocation. I invest €600 a month in the ETF from my savings installment.

In addition to the ETF, I hold and save monthly $BTC (+0.02%) (physical and ETP $WBIT (+0.01%)) and $WGLD (+0.01%) (also gold physically $965515 (+1.13%) ) with €200 each. The target allocation for both BTC and gold is 20% each.

I have opted for $WGLD (+0.01%) because $EWG2 (-0.3%) is unfortunately not eligible for a savings plan at ING and $WGLD (+0.01%) is also tax-free after 1 year and has a delivery option. My position in physical gold will not be expanded any further.

$WBIT (+0.01%) I deliberately chose this savings plan because it is NOT tax-free after one year (optimization of the tax-free allowance through sales, is not saved, my savings plan only runs on real gold). $BTC (+0.02%) ).

All in all, I hope that the portfolio allocation will optimize returns while at the same time minimizing drawdowns.

Feel free to leave thoughts, suggestions, criticism or praise at da✌🏻.

Greetings, Marcus

I have just seen that the$SPYI (+0.26%) is now also available as a distributing variant. I'm now considering switching my Core from $VWRL (+0.18%) to the $SPSA (+0.23%) to switch. What is your opinion on this?

SPDR MSCI ACWI IMI ETF already for 0.17 percent p.a. - good basic investment :-)

$SPYI (+0.26%)