1Mon
Entry at @Epi very likely soon. 2nd Wikifolio certificate according to Umbrella.
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1Mon
@Bonus I don't quite understand why everyone is so obsessed with Umbrella. These are simply ten shares, the main driver of the return was Rheinmetall. The strategy "stocks of companies with what I expect to be great innovation potential" doesn't sound very sophisticated or quantitatively tested either. It has hardly outperformed recently either. Am I missing something magical?
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1Mon
@Simon_n it's true that the performance has slowed down a bit recently, but Time in Umbrella beats timing Umbrella. 😃
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1Mon
@Bonus Yes, maybe, but what is the economic basis for the strategy? "Innovation potential expected by me" can mean anything. If a fund of just 10 shares (temporarily) outperforms, that looks more like a normal risk premium to me. Especially with Tesla, Rheinmetall & Co, that doesn't look like value based on key figures to me.
What's the difference to "simply copying the portfolio of a random asset manager" ETF?
Maybe also @Epi because you said you see Umbrella as a benchmark?
What's the difference to "simply copying the portfolio of a random asset manager" ETF?
Maybe also @Epi because you said you see Umbrella as a benchmark?
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1Mon
@Simon_n Umbrella's strategy is vague and not very meaningful, that's true. But this is also due to Wikifolio's regulations, which do not want any concrete statements in the descriptions (I have done this myself) - probably because they are enforceable. It should deliberately remain subjective and vague. 3xGTAA also sounds very vague, although it is a strictly quantitative system.
Otherwise, Dobetsberger seems to have an extremely good knack for exploiting trends. Sure, he may have been right a few times by chance, but perhaps he has an algorithm running that is simply superior. At least his success speaks for itself. 🤷
Otherwise, Dobetsberger seems to have an extremely good knack for exploiting trends. Sure, he may have been right a few times by chance, but perhaps he has an algorithm running that is simply superior. At least his success speaks for itself. 🤷
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•1Mon
@Epi That's a pity, of course, it prevents insight.
But even if you take a look at Umbrella > Analysis > Profits & Losses, you can see that almost 60% of the profits only come from $RHM.
Perhaps a good recognition of trends, perhaps just a risk premium / good pick.
After all, Bayer, with 15% the third largest position, is not exactly a trend rocket and has not been for years, nor is MercadoLibre.
In any case, there are at least ten trades in the Trades tab every day, so perhaps he also has a sophisticated algorithm 😵💫Aufgrund but I wouldn't read too much into the very high proportion of Rheinmetall's profits
But even if you take a look at Umbrella > Analysis > Profits & Losses, you can see that almost 60% of the profits only come from $RHM.
Perhaps a good recognition of trends, perhaps just a risk premium / good pick.
After all, Bayer, with 15% the third largest position, is not exactly a trend rocket and has not been for years, nor is MercadoLibre.
In any case, there are at least ten trades in the Trades tab every day, so perhaps he also has a sophisticated algorithm 😵💫Aufgrund but I wouldn't read too much into the very high proportion of Rheinmetall's profits
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