3J·

Saint Amumbo

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My new main positions in ETFs ($TDIV (-0,66 %) and $WINC (+0,45 %) ) will be gradually built up over the next few months through deposits / transfers from other asset classes. However, I now have the opportunity to switch my existing savings plan to 'something else'. And here I am fulfilling a long-awaited wish:


The Holy Amumbo 😅 - $CL2 (+1,28 %)


Is it smart to start the paper as a savings plan when the stock market is on fire? No, probably not. I've just always wanted it and have had it on my watchlist for ages.


On the other hand, you have to BELIEVE in saints! If it goes wrong and you go to hell, it's probably because you didn't believe in it hard enough.


It will take forever until a significant sum is accumulated in the savings plan anyway.


[Image material AI generated with Loveart.ai, modified with Photoshop]

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7 Commentaires

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@TotallyLost Hm, Saint Amumbo won't like that. I didn't think that these saints would impose tough tests on you right at the beginning so that you don't fall away from the faith. 😅
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Because you should recognize them by their drawdowns.
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@Savvy_investor_2000
Second Book of the HODLites, Cap. IX, V. 6
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The Amumbo is not currency hedged. It was cool in the last 10 years when the USD rose.

If the USD now depreciates by 30%, the Amumbo will fall by 60% as a result. So watch out!

You should also not hold it without a trend-following strategy. Otherwise you will quickly end up with a -90% loss.
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@Epi I think you once wrote something about the trend-following strategy. I'll have to work through that. 🙂

At the moment I'm only just starting with a few euros in the savings plan. Even if things go down a bit (correction, currency), the savings plan should smooth it out to some extent by lowering the average purchase price at the beginning. Of course, the more that flows in, the more cautious you have to be.

In any case, thanks for the input.
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@NichtRelevant Rule no. 1 for leveraged ETFs: Avoid bear markets!
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