How many ETFs do you have in your portfolio and how many do you have in a savings plan?
I currently save 4 ETFs regularly ($VWCE, $SBIO, $WSML and $RBOT). In the case of NASDAQ Biotech, I am considering whether to stop the savings plan and simply hold the position. The profits will then be shifted into the FTSE All World.
+++ Too good to be true? 400€ Euro for new customers buying gold! +++
Yes, that's right... a whopping 400€ free when buying gold from 3.000€ or more! And that completely without consideration, with guaranteed rising gold price!
This and even more offers up to 600€, even from 2.500€ gold purchase are currently available at goldbank-münchen.de.
The enterprise is since 1972 a divorce institution and celebrates at present 10 years existence of their Onlineshop.
When buying 3x 20g gold bars with a total value of 3,243€ minus the 400€, you pay only 2,843€ and that with free shipping.
That is an unbeatable 47,38€ per gram. Stock exchange price currently 1.703€ per ounce, so per gram 54,76€. Who does not strike there? Your own fault!
Stop!
Of course I hope that you reading these lines NOT already burned out the line and you bought from greed!
Because today's topic is, despite all the obvious ridiculousness of the discount in the room very serious and can cost many a layman a lot of money.
Fake online stores in the precious metal trade
In the present time of inflation and uncertainties on the financial markets appear again and again (not only recently, but increasingly) fake gold stores appear. These advertise as written above with such ominous offers and thus quickly lure ignorant, greedy, savings foxes or simply uninformed people into the trap and rob you of your money.
The scam is as simple as it is banal. Interested buyers are fished out via heavily reduced prices or offers.
In most cases the price for the offered bars is around 100€ lower than from comparable offers. Here, of course, is played with the low feelings of saving, stinginess and greed for the cheapest offer.
The websites of the fake stores are often professionally designed for the layman. They advertise with keywords like security, SSL encryption, 100% insurance, free shipping, guaranteed prices and last but not least the promised discount.
The providers are often non-European or at least located in other European countries from the criminal milieu.
How does the purchase in a fake precious metal store work?
Registration is very simple. In most cases, a mail address is enough. After that, potential buyers will receive a registration link. No address is needed to start with.
Why is that so? It is probably due to the platform. Most fakeshops are based on a Wordpress templet or Wordpress service. (Yes, that's right, those are the ones with the blogs etc.). The plugin for this is called WP User Registration and requires only a mail address as first step.
After the "account" has been created, you can go shopping.
In our example we buy a 20g bar. NoticeableThere are only bars from 20g gold to buy on the website. But obviously I can buy unlimited 1kg gold bars...
In our example, we buy a 20g bar on a trial basis. We do not want to cause skepticism with the operator / crook.
The ordering process is also very simple. We put the bar into the shopping cart, click through the form for the billing and shipping address (conspicuous here: the forced entry of a phone number, why this is important - more about that later on), accept the [not present here] AGBs and confirm that we want to buy the bar.
At the end of the process, a message appears that an employee of the company will check our order and then contact me soon or I will receive an invoice with account number. So far nothing unusual and absolutely normal in our industry.
After all, you already receive a confirmation of receipt of your order at the store by mail. This is also standard in our industry.
After about an hour, you receive an email with the confirmation and an account number. In our example, the account number leads to an account in Austria at Unicredit Bank Austria.
Apparently, a Florian - Life Finance should be behind it. This is of course not a real account recipient, with the introduction of the IBAN obligation, the control and name matching for transfers was omitted. It could also be Scrooge McDuck as the recipient there, although the safecrackers are the owners of the account.
Also, the account probably belongs to a third, uninvolved person, who either carelessly disclosed their data or possibly unknowingly (and also driven by greed) in this case of money laundering
involved in this case of money laundering.
If you now complete the transfer to the specified account, the fraud has been carried out and you will receive NO goods.
Is this the end of the scam? Not quite... remember the phone number?
You will find dozens of calls on your phone in the next 3-5 days... if you are available on one of these calls, you will receive further "offers", possibly also legal instructions that you have entered into a valid purchase contract, if you e.g. have not transferred the money after a certain period of time... after a certain time you have not transferred the money... At some point you might get a call from a nice policeman, who asks for your help to arrest a mean gang of internet crooks, because they rip off poor people with precious metals... oh wonder, they can help you too! Just now there is a crook around. They want to catch the crooks with your help and cash... in 10 minutes a colleague will come around and borrow your money, you live in the street so and so... (already forgotten?: Your address is from the order...)
Why do the fake stores often only offer bars from 20g, or special collector coins?
Cost-benefit ratio. It often doesn't take long until a fraud with such stores is noticed. As already let shine through at the beginning, such offers are mostly based on Wordpress templates and FreeToHost servers to keep the upfront costs as low as possible. So to be lucrative, we need a minimum amount to be earned in one fell swoop... In the past, there were also offers where 1g or 5g bars of gold were offered, but these were subject to a minimum order amount... these offers however meet with rejection or reservations from many customers. To offer the offer a priori with 100€ cheaper is therefore simply a cost-benefit consideration for the rip-off artists...
How can I recognize fakeshops?
There are, of course, a few ways to track down the crime.
The beginning of a fake check should be the imprint of every store. In Germany (or basically EU area) such a mandatory. The data found here is often misused by the villains and stolen from real stores and website operators. A check on e.g. google.de provides clarity whether addresses, trade registers, tax numbers or telephone numbers belong to the correct provider identified here.
In many fakeshops, at least two different providers are copied together. In our example, the real providers MP-Edelmetalle and Gold Silber Kontor GmbH are affected.
With the HRB (commercial register) the register number is sufficient (here: HRB 120782 B) is sufficient and the google search spits out the real company, Gold Silber Kontor GmbH, e.g. via Northdata. [Source 1]
With many fakeshops you try in vain to get someone on the phone. The reason is quite simple: Most of the time there are several fraud attempts going on at the same time. Dubious, if here suddenly instead of goldbank-münchen.de gold-handel-n.de would suddenly call 😉.
But there is often a callback function via a simple contact form. I promise you: The ladies and gentlemen call 100%!
Everyone knows them today: seals of approval. Especially when buying online, you can find a wide variety of badges like TrustedShops, eKomi, TÜV or "geprüfter Webshop" on the various websites.
All of them have one thing in common: they are supposed to guarantee or safeguard security and safe shopping in online stores. How exactly these seals work and how useful they are, I can gladly explain at another point. For us, only one thing is important in this topic: These seals must be clickable when used. clickable and must lead to the correct the right offer from the seal provider. You can drive safely if you check the name of the store directly on the seal provider's website. This way, clicking on the offer there will take you directly to the right webshop.
A seemingly blurred, washed-out and fuzzy logo of a seal provider, which is also not clickable, is a strong indication of misuse of the same.
Spelling and general design of websites are nowadays partly so professionally presented that this can no longer be used as the sole characteristic for checking for fakeshops. On the other hand, there are also many dyslexics among the serious store operators.
Payment options: In online precious metal trading, there are actually only two common payment methods: Cash (for offers with self-collection in a local store of the provider) and prepayment bank transfer. There is no reputable precious metal dealer in Germany that I know of that handles payments with PayPal or credit card! On the one hand, the costs for such procedures are too high (because the margin is often only in the single-digit percentage range), on the other hand, the susceptibility to fraud is too risky for the store operator.
Discounts or new customer promotions: Gold, or precious metals trading in general, is a very narrow-margin business, i.e., one with little room to maneuver in terms of price. Anyone advertising offers beyond market value or coupons or discount codes is completely wrong in this business and is probably acting fraudulently. There is no discount on gold or precious metals. Not when buying one Krugerrand coin and also not when buying 10, 20 or 30 coins! Bars of course just as not! Dealers who offer such graduated prices from the outset are highly problematic! Who wants to buy more gold, is referred to higher standardizations (with bars zb. instead of 10x 10g, even 1x 100g gold) - see last contribution of me to the topic "buy more - save more".
The promised new customer discount from above is therefore a clear warning sign!
Prices in the market. No serious dealer allows himself massive deviations in gold sales. Surely, especially in the ounce range a lot of shenanigans and there are dealers who deviate partly 50 €. Here, however, must be checked in each individual case, such as the quality or the delivery time of the goods is specified. Just with favorable offers a delivery time of up to 8 weeks is given... how I react as a dealer to such competitors or what I think of it, also that another, new topic... and nevertheless: 100€ more favorably or even 200€ more favorably than the market, nobody will be able to offer that. Why? Because the offer is arbitrage transactions would be quickly exploited and thus would be equalized.
By the way: Shops that advertise with SSL connection are also somehow strange. Especially in today's age, a certified, secure connection and a corresponding valid protocol (e.g. https://) should be established for every store. SSL has nothing to do with the precious metal business itself! [Source 2]
So, besides the facts mentioned here, there are a number of ways to check the offers of unknown online stores.
How do I recognize reputable stores or can I check them and compare prices?
In the precious metal trade and the associated online business has for years already gold.de [Source
3] and silber.de [Source
4] have proven their worth.
These two portals act as intermediaries, comparison portals and information points.
Here you can compare prices and find reputable dealers.
In order to be listed here as a retailer, I as a store operator have to go through an inspection process and am also regularly subjected to certain inspection points after being accepted. Furthermore, dealers must pay for the referral of customers. This is NOT via commission, i.e. revenue share, but via a listing fee, among other things. Decisive: Gold.de does not prefer any stores, but lists purely according to the filter or price settings of the potential customers. This is done e.g. via clicks and click content. I am not allowed to mention more details for legal reasons.
If you click on the store links in the price lists, you will get safely and easily to the corresponding, at least fraud-free stores of the precious metal dealers.
On gold.de you can also find a regularly updated Fakeshop-Blacklist. Under the link [source 5] you can use the Fakeshop Checker to track down or even report such stores.
I will recommend you for reasons no precious metal dealer, since I work myself with one, this for Werttbewerbsgründen and my protection however (as already known and also further valid) will not mention.
What to do if I was a victim of fraud in this context and have already transferred money?
The first step is to go to your bank. To do this, you should submit a so-called sepa cancellation order with the note "fraud". This order must be submitted before the end of the business day. Your bank will then probably still be able to "get back" the money. How and whether this works in detail, is also strongly dependent on the method of operation and the transfer type. Instant transfers (flash transfers) are only callable within a few hours (the process of stopping a transfer is called recall). After that, the report is made to the police or online police station [Source 6]. For this purpose, the order confirmation, generally all mail traffic and the website (as a screenshot) are to be saved urgently.
Conclusion:
Be attentive and "eyes open" when buying gold and precious metals on the Internet. In today's age, it is no problem to acquire large quantities and volumes of shiny and high-quality investment metals safely and discreetly. However, "I" should exercise great caution especially with "me" unknown providers. With the preceding tips I hope to have already helped you further.
And otherwise so?
Don't miss out on the 31.12.2022 at 12 o'clock running raffle on my profile. Under the contribution to the 800 follower special you can win a book and an Amazon voucher. And guaranteed without rip-off and empty promises of wealth and prosperity.
You can find the post here:
https://app.getquin.com/activity/lgyDRnRSKN?lang=de&utm_source=sharing
Wishing you a brilliant and, above all, safe New Year!
References:
[Source 2] https://www.itwissen.info/SSL-Protokoll-secure-socket-layer-TCP-IP-SSL.html
[Source 3]www.gold.de
[Source 4] www.silber.de
[Source 5] https://www.gold.de/fakeshop-blacklist/
[Source 6] https://www.bka.de/DE/KontaktAufnehmen/Onlinewachen/onlinewachen_node.html
Dedicated to our getquin Sherlock Holmes: @Europoor ♥️
#savingstips
#edelmetalle
#gold
#learn
When you throw your money out the window right after receiving your salary - But in a getquin way 😂 Additionally: Novo Nordisk and the impact on the food industry
Perhaps one of the best and easiest savings tips. Directly after salary receipt invest the money, then you do not get used to your entire salary at all and get along extremely well with less.
I currently have a total of 33 stock savings plans running, these are executed quarterly, so every month 11 of them.
This month it was Novo Nordisk's turn again. $NOVO B again. And also with Starbucks $SBUX a stock that is supposedly not going to be around much longer, if you follow some opinions that claim we will soon all inject ourselves with Wegovy and then never touch sugar, fast food and the like again.
"Allegedly because of the boom in appetite suppressants, the share prices of PepsiCo or McDonald's had recently also come under pressure. An expert from the financial firm Mizuho told the business channel CNBC that the business of the U.S. restaurant industry could also shrink by $25 billion by 2025. Bank of America analysts also see providers of low-calorie frozen foods as another potential loser from the trend. They could be made obsolete by the new drugs."
https://www.spiegel.de/wirtschaft/unternehmen/ozempic-und-wegovy-walmart-meldet-sinkende-nachfrage-wegen-neuer-abnehmspritzen-a-e3505d1d-34c2-4b36-b917-9d128e762721
In my eyes, 3 reasons argue against this:
- People smoke and drink even though they know it is not healthy. It will be the same with eating. If I have less appetite, I can still go to McDonalds and save one of the other two meals. Instead of skipping the bag of chips, I can just skip the serving of vegetables. It's not the appetite for unhealthy foods that is inhibited, but for all of them.
- If the big companies really notice that they are losing a massive amount of sales, they will react to this and develop healthier products or otherwise try to increase margins in order to counteract the decline (see the current reaction of companies to sales declines due to inflation - price increases compensate for this disproportionately).
- The drug is extremely expensive and continues to be that: a drug with potential side effects. I cannot imagine that this drug will be widely consumed as a lifestyle product - I am aware that there can and will be abuse as with e.g. painkillers, but not on a society-changing scale.
How do you guys feel about these thoughts? Can you imagine this really impacting these stocks in the long run?
#aktien
#stocks
#invest
#growth
#savingstips
#news
#personalstrategy
As announced, here are the first 5 stock market wisdoms (1/10):
Again briefly to the background:
Not that anyone says this comes from me....
I got the "wisdom" from a friend for my birthday. By the way, I besieged him for a long time until he finally wrote it down for me.
Why do I believe that he is qualified to write such wisdom:
He has a depot with values at a value of about 20 million €.
For me this speaks of a certain success.
So what do you think of the first 5 of 50 wisdoms?
#personalstrategy
#savingstips
#portfoliofeedback
Hello everyone 😊
I would like to find out what you think of my portfolio. I started in my first year of training, i.e. summer 2020, and had just under a year off, so no investments.
Personally, I find that I am already quite invested in the US capital market and much more in individual companies than ETFs, but it has nothing to do with the fact that I don't like ETFs or not, but they are just very tempting and practical 🤪. Would like to diversify even more.
I'm open to new and constructive criticism and grateful to anyone who takes the time to help me. 🤝
#stockanalysis
#growth
#portfoliofeedback
#savingstips
#savingstips
Hello getquin community,
I am only 18 years old, but have been thinking about starting investing for a longer period of time to build a better and possibly easier future for myself.
Now I finally took the first step and built a portfolio with the MSCI World and MSCI EM IMI.
In the next few months I will start my dual studies, which will allow me an increased savings rate, which I would keep at about 400-500€.
Now I wanted to ask the community for their advice, because I am unsure whether the plan as I imagine it, is at all economically sensible.
I would like to build a core satellite portfolio, with the MSCI World and MSCI EM IMI ETF as core, in a share of classic 70 to 30, which would make up a total of 80% of the core and the MSCI World Health Care, and MSCI World Information Technology ETF in a share of 10 to 10, which would make up a total of 20% of the satellites.
Now the question is whether the distribution in the plan made is at all sensible, since the diversification by the sector speculations partly decreases and the volatility increases, due to increasing lumping.
Furthermore, I am undecided whether an investment in the MSCI Information Technology or MSCI Automation & Robotics ETF would be more suitable, since I am basically convinced of both, but do not want to risk an even greater lumping, in which I would include both in the portfolio.
I am aware that it is impossible to foresee the development of the market, but I would be very interested in the opinion of others, even more so in tips and opinions on how I could do something differently to avoid possible mistakes and expand my knowledge in the field of finance.
I am looking forward to your point of view
LG Tobias
I am still relatively young and have only been investing in equities for 2 years.
To the experienced investors & those who have been around for a long time:
Do you have any tips you would pass on to a young investor like me or mistakes you may have made in your early days?
Personal answer to my question:
In short, I was also fully invested, only with the mistake of not having created a financial cushion for myself. So it came to the fact that I had no more money in the account and I was even plasma donations to supplement my "pocket money". I tell myself that I went about it the wrong way and have learned from that. Now, like many of you, I save up at least 3 months salary and want to raise my personal quality investing, I think it was called "stock picking".
Hello all,
how much cash do you hold back?
(For investing / nest egg)
I am new to "getquin" and curious what you have to report in the future.
Kind regards
Hello everyone,
I invest in three different ETFs every month, set aside additional money to buy individual shares and build up a nest egg of around 6 months' salary.
I would like to buy a property in about 4-7 years or possibly build a house myself.
I would be interested to know how you would plan financially during this time. Would you simply save your own capital, take out a building society savings contract or possibly (partially) liquidate the deposit, etc.? #immobilie
#etfs
#savingstips
Greetings
Moritz
