1Mo
How are we supposed to advise you if you don't even know your return targets, time horizons, risk aversion, stock market knowledge and willingness to work? We can only guess... 🤷
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22
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3Sem.
@Epi You're absolutely right. Half of it was missing. The portfolio simply serves to build up assets. I'm 41 years old - I've been planning for more than 20 years so far. I've been reading up on it for a few days now. So far I have always bought and held, never sold. However, I have now been repeatedly told that my portfolio is complicated, will not achieve an excess return and could be structured much more simply and sensibly. The following concept was repeatedly recommended in order to optimize the future and improve diversification: 49% IWDA, 20% GGRP, 12% WSML, 12% XMME and 7% World Value Factor ETF. Sell everything else and use it for portfolio adjustment. It sounds coherent, at least to me. But you guys are just so much stronger in it and have a fantastic feel for the matter. That's why I always take your feedback very seriously and then try to harmonize it with my impulses. 😄🙂
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3Sem.
@_EvD_ Well, basically I can understand your goal and your concern, but - sorry for the direct statement - the way you're going about it, it's more likely to be a matter of luck.
It's as if I set off on a boat from the harbor and answer the question about the destination: a beautiful area. And then I list all the gimmicks on my boat that my friends have recommended: Outboard motor, solar deck, etc. You would probably wrinkle your nose and wish me good luck.
So: either you approach the matter systematically and formulate clear goals and corresponding strategies or you leave it to chance. It just depends on how important it is to you.
By the way, a handful of years ago I was in pretty much exactly the same position as you. In the meantime, my depot earns me a second salary. 🤷
It's as if I set off on a boat from the harbor and answer the question about the destination: a beautiful area. And then I list all the gimmicks on my boat that my friends have recommended: Outboard motor, solar deck, etc. You would probably wrinkle your nose and wish me good luck.
So: either you approach the matter systematically and formulate clear goals and corresponding strategies or you leave it to chance. It just depends on how important it is to you.
By the way, a handful of years ago I was in pretty much exactly the same position as you. In the meantime, my depot earns me a second salary. 🤷
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11
•3Sem.
@Epi This is exactly the kind of feedback I love. I'm enthusiastic about investing and the subject matter, but I simply lack sufficient core competence - many people are simply much better at it. However, my idea behind the new concept has a concrete background - I simply had to admit (once again) that the original idea is not really well-rounded and consistent. My overall return so far is not too bad, but the chaotic jumble of different approaches partly cancels each other out and simply doesn't work together coherently. It's a bit of a mixed bag and fortunately I haven't fallen flat on my face. The new approach (I accidentally mentioned the wrong one) may not be the reinvention of the wheel, but it makes a lot more sense to me. Despite the IWDA / GGRP overlap, I invest broadly and cover the entire market in what I think is a good composition. The GGRP (despite somewhat weak returns) can then (again) utilize the tax-free amount in the medium term (in case the advance tax is not paid again at some point), etc. The quality / div growth and growth approach should never get old or go out of fashion. I have time, can sit out losses without breaking a sweat and see this reorganization as the simple key to continuing it with stoic calm over a long period of time. And I am confident that there are no serious errors in my thinking here 😄
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