11Lun·

I opened my first position in gold - as I am firmly planning to sell it over the next few years, EUWAX is enough for me, better to sell and no big spot price difference - in my opinion, physical gold is obsolete ^^

16.09

EUWAX Gold II

Compró 15 a 76,44 €

1146,58 €

11 Comentarios

Epi@Epi

11Lun

Fomo?

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Epi@Epi

11Lun

@Epi To the SOS pushers: What else than Fomo should you be buying right now? I have been writing my fingers to the bone for 1.5 years that gold should be heavily weighted and now, at the highest price ever, I am buying.
It would make more sense to wait until the price returns to the breakout level. Only those who are afraid of missing out on a further rise will not do that. Fomo, that is.

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FunFun@__FunFun__

11Lun

@Epi
1. what does Fomo mean?
2. had been planning to open a position for the last few months but had no money available and now (unfortunately due to a death) got a small inflow
3. when is the right time ^^? You only know that in the past

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Olli@Olli68

11Lun

@__FunFun__ Zukunft

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Epi@Epi

11Lun

@__FunFun__ 1. google helps 😉
2 Legitimate, hence the question.
3. buying into rising prices is rarely an optimal strategy.

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FunFun@__FunFun__

11Lun

@Epi so to use an abbreviated term and then not explain it when asked I find it weird but good

Gold for me is something like a world etf or stable stocks like Microsoft, blackrock, waste management, Allianz etc. that (almost) always grow - yes you might have/can time the market there but better to invest/buy when the price rises than not at all because you are also waiting for a price drop = you can do something like that in my opinion. Don't buy at the *wrong* time but possibly buy at a *good* time and then at a *very good* time - both are good

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Epi@Epi

11Lun

@__FunFun__ "FOMO" is a standing term, similar to ETF. You can also quickly google it. The man himself 😉

I find the comparison of gold with long-term growth stocks strange. Gold is a completely different asset class with completely different characteristics. Gold is cyclical and you can definitely buy it at too high a price.

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Ph1l1pp@Ph1l1pp

4Lun

@Epi 🫣

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Rosi@RealRose

11Lun

Runs in the savings plan thanks to 👌 @InvestmentPapa

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Luffy@Luffy3D2Y

11Lun

Then I hope that you'll be in the black enough next year :D

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FunFun@__FunFun__

11Lun

@Luffy3D2Y 1 year is the minimum because of the taxes xD - I plan to hold it for a few years but because it's EUWAX I'm more or less softlocked to hold it for at least a year ^^

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