Extensive introduction with detailed information about your thoughts.
I would like to share the following points or thoughts with you. I'm asking some questions that I don't need answers to. It is for you as food for thought to question your investment.
1) Buying a house 🏠
If the topic is already so concrete, I would build up reserves in the money market ETF or invest fixed-term deposits. Things often happen faster than expected and if the capital market is in a bad state, ... Buying a house means investing in bricks, i.e. you will probably have to reduce or completely stop your savings rate for the deposit. You may even have to gradually shift the deposit into safe investments in order to have the necessary equity for the house purchase.
2) Reallocation of individual shares 📃 - "gambling"
On what assumption, data, prospects, key figures is your research based that you want to sell some stocks and buy others instead? Gut feeling? Emotions?
$ASML... Gamble or casino? It is only high-risk-high-reward if you fix the risks and rewards in key figures, numbers and data, i.e. think about exit strategies before buying. And why do you expect this with ASML? What data tells you that? All risks are known, by that I don't mean volatility (that is only one of many risks).
For "gambling", I recommend and advise you to have a 2nd securities account. Make a one-off deposit of amount X and gamble with it. If it's gone, you've lost - it's gone. If you win, you can use the winnings to "boost" your retirement savings account. This means you don't run the risk of gambling with money that will set you back years in your wealth accumulation if you lose, but you can still give in to your "urge".
3) Crypto ⚙️
I'm not familiar with this, so I won't comment on it.
4) Core & individual shares 🍎
Do your individual stocks beat your investment in a world ETF?
When I see €685 trading costs alone, ... I would say: shave the portfolio and shift into your selected core ETFs. The €685 corresponds to 1.75% of your portfolio value. This saving alone immediately gives you 1.75% more return without taking on any greater or different risk.
If you would like to familiarize yourself with balance sheets, company structures and their business models, then perhaps choose 5 individual stocks to build up and follow.
5) Nasdaq
I don't think much of the Nasdaq. Concentrated, cluster risk, undiversified.
I would like to share the following points or thoughts with you. I'm asking some questions that I don't need answers to. It is for you as food for thought to question your investment.
1) Buying a house 🏠
If the topic is already so concrete, I would build up reserves in the money market ETF or invest fixed-term deposits. Things often happen faster than expected and if the capital market is in a bad state, ... Buying a house means investing in bricks, i.e. you will probably have to reduce or completely stop your savings rate for the deposit. You may even have to gradually shift the deposit into safe investments in order to have the necessary equity for the house purchase.
2) Reallocation of individual shares 📃 - "gambling"
On what assumption, data, prospects, key figures is your research based that you want to sell some stocks and buy others instead? Gut feeling? Emotions?
$ASML... Gamble or casino? It is only high-risk-high-reward if you fix the risks and rewards in key figures, numbers and data, i.e. think about exit strategies before buying. And why do you expect this with ASML? What data tells you that? All risks are known, by that I don't mean volatility (that is only one of many risks).
For "gambling", I recommend and advise you to have a 2nd securities account. Make a one-off deposit of amount X and gamble with it. If it's gone, you've lost - it's gone. If you win, you can use the winnings to "boost" your retirement savings account. This means you don't run the risk of gambling with money that will set you back years in your wealth accumulation if you lose, but you can still give in to your "urge".
3) Crypto ⚙️
I'm not familiar with this, so I won't comment on it.
4) Core & individual shares 🍎
Do your individual stocks beat your investment in a world ETF?
When I see €685 trading costs alone, ... I would say: shave the portfolio and shift into your selected core ETFs. The €685 corresponds to 1.75% of your portfolio value. This saving alone immediately gives you 1.75% more return without taking on any greater or different risk.
If you would like to familiarize yourself with balance sheets, company structures and their business models, then perhaps choose 5 individual stocks to build up and follow.
5) Nasdaq
I don't think much of the Nasdaq. Concentrated, cluster risk, undiversified.
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@MoneyISnotREAL thank you for your detailed answer and opinion. Great feedback 🙏☺️ a word about the "zock" we are talking about $AML and not $ASML 😄
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@Chriscoin87 Oh, upsi 😂 Gladly and maybe the thoughts/suggestions will help you in the future.
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@MoneyISnotREAL can I just say, fantastic reply!
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