6D·

Mr. Rossi seeks his fortune

Hello everyone,

Some of my acquaintances had quietly made big money with investors in Tesla/Nvidia, others hit the big time with Bitcoin. In hindsight, of course, they were very lucky, but they tried it and were lucky.

I always thought that shares etc. were generally reserved for the "upper class" and without tens of thousands of euros you can forget it.

Since learning these things, I've watched a lot of YouTube videos to at least pick up a few basics.

In this day and age, it's very easy for anyone to participate.

After the tenor of the "financial professionals" was, don't spend weeks/months comparing which broker and what type of investment, just get started and you can always readjust later.

Well, now that I'm over 40 and have had a very unfortunate financial path so far, I've also taken the plunge. The decisive factors were the success stories of my friends and then a look at my pension fund that my insurance broker once talked me into. In other words, I am a Skandia/FWU "victim". Since I live in Austria, I'm at least lucky enough to still have my deposits, but de facto 0 performance.

There's about 5k coming out soon that I could invest, let's see.

I now have a broker $FTK (-0,78%) then this app for the management/collected overview. Unfortunately, the broker was there first, so I'm currently complaining that Getquin doesn't have an automatic connection and has to be updated manually, but maybe that will come, and I've already set up a savings plan for an ETF (MCSI World), as it doesn't "start" until 15.01.25 I'm curious how it will develop. I actually wanted to put the 5k mentioned above into the ETF, but I haven't found a way to make a one-off payment and then a savings installment. I will probably do this by increasing the savings rate until the 5k is there.

Since the money is not sitting so loosely and everyone is talking about diversification from different investment opportunities, I have bought a few more cryptos. As I said, since there's not much risk involved, but I still want to be involved, I also bought a few more coins. I'm sure they're the wrong ones, but the feeling was great when I bought 2 million coins for EUR 40. The value has now grown to almost 50 EUR and I'm really enjoying it (it may sound ridiculous to many, but as I said, it's fun).

Today I spent another 60 EUR of my play money on a share package. It's a similar issue to coins. I can't afford a Tesla/Nvidia share at the moment and with one share (you can't even download a "copy" of the share to hang on the wall at home) it doesn't make much sense either.

But I have found a share $ATO (-9,09%) I know the name of the company and because they are going through difficult times at the moment, I bought 30000 shares for the money. I'm convinced that the guys and gals there will get things going again.

With Getquin, I actually thought that you enter your data and the AI then makes suggestions for investments and then sends messages a la, hey watch out because this and that, but we're probably not that far with AI yet or you still have to switch it on somewhere 🤣

If anyone has a tip or two, I'd love to hear it.

So here's to a year with lots of positive experiences and learnings.

6 Comentários

philosophizer@philosophizer

Hi and welcome! I started looking into this topic myself at the end of November 2024. Before that, I was only invested in building society savings, call money, etc. A big, interesting world has opened up for me and I hope you enjoy the process just as much!

As I said, I am very new and not (yet) really experienced. Furthermore, I cannot give you any investment advice, so the following topic is not one. You are responsible for yourself.

However, I also want to be honest: I'm mainly writing to you because I was in the same places as you at the beginning and I want to explicitly warn you about this. So here are my learnings:

1. never rely on small "penny stocks". Atos and Canadian "companies" in particular are deliberately hyped in social media (Reddit) to take money out of your pocket. You can of course gamble consciously - but be aware that you can lose with incalculable risk. In any case, I would advise you to say goodbye to the idea of making a quick profit with something like this.

2 The same applies to crypto. Completely incalculable. I hold BTC and HBAR myself - both in the knowledge that the amount could halve overnight. Whether you want to put yourself through that with your starting position is up to you.

3. the aim should not be to greedily and quickly achieve a 1000% return. In my opinion, the probability of actually achieving this is close to zero. Make friends with the idea that we have no idea what will really happen on the market tomorrow. At best, you can "gamble" with derivatives at some point - in the knowledge that this is exactly what will happen.

4. now a positive tip: think about exponential growth. A return of 5% per month seems small at first. But do it over 30 years and the profit is enormous. That should be your goal.

5. next year I will try to achieve this with as little risk as possible. I find Meb Faber's GTAA approach interesting. But I'm not an expert on this - I just find the concept promising. You can find it here: https://download.ssrn.com/14/03/03/ssrn_id2403936_code649342.pdf?response-content-disposition=inline&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEO3%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCXVzLWVhc3QtMSJGMEQCIDJ5Y9YoTuxyKYKz2lEMYvuE8u66rEQrIuTtAMVvNQL1AiAWl8ppClBvuCFuFxZ0PnCOGYqYJQvj9QgUJmKmP%2B8YlirHBQjG%2F%2F%2F%2F%2F%2F%2F%2F%2F%2F8BEAQaDDMwODQ3NTMwMTI1NyIMUHH9Q0C4Bunz8j5aKpsFyjmPaU9gJaO1N7dRBccnAomDgimSPIBUjvPQtSzJVmjVzSJf9ZXnonB31%2Bqvs000EPXchkecUHJ4nKwqxzHJNDl5xqOTtwtgANDNTThaP0ties8%2Fn5CcGt5eEiRNGaGDOsDPE3OuaqovY4dYC5C6s4vd3iDhdhujUSnNEi3bkHLqFGUaIbWI6ab8LKlDX1W7h1CFHai4FH%2F6nJzb%2B7l2NfQrVFTwVK%2BX%2FH2oXcEpnbSF7nibKNG1nxKV1orYpQKOJVgWQFUlvfkjHegFu4GSTNyyYTIdVv2GGs%2FDh29iLFSTFUq%2F0QDN57RjvE2x%2FR9J5M0V3EIzUS0LhxXDTmjuUSiaHetMWaCbDDvp6xR5IXZngDSWl3r1CLNQ0Nu0G1la5NmNQremS8dIIaOlg8L0Yj3mAJE732X4cEOW2S%2BHUx9xH8VpFiQQKmZ6DVzq%2FFz4IuEbI7qkz8LfdXTRYDT3LweA%2BbwnkqBF4RpsVZZkuOLLsEJRi0e%2FX2xZC2Yle%2BKN9CeaaHC865HRHXLavIYwUjM5B1RQ6Il1KzYX1dswJsQlRCaJp9UcMLVd5GmLSfXeoPnhdhD8P%2BxzgAWIB01ZxfVwAJJlSP

All the best!

Matthias

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Mostrar resposta

wasi@wasi

Welcome. Wrong approach to buy shares by value only! You can also buy "expensive" shares (units) via savings plans. $ATO seems to be garbage. If you want to invest and not gamble, put everything into the MSCI World and you're done. You won't beat the market with very small amounts (either). Pay attention to fees!

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Play R.@Playrio

Many may have "quietly" made a lot of money, but the reality is often quite different. So don't be fooled. In my view, it's not a good idea to chase after success stories. Most of the time, these are then over. To start with, I would invest in an All World ETF and invest regularly, e.g. via a savings plan.

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Tenbagger2024@Tenbagger2024

Thanks for the great introduction.
It was a pleasure to read it.
But I can only agree with the previous speaker.
Don't buy shares on the recommendation of YouTube etc.
Perhaps you should discuss a purchase with the community here soon.
There are some people here who can analyze the company for you. And can take a look at the figures.
There is also the possibility to put shares to a vote here.

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Metis@Metis

Getquin helps you passively rather than actively with your decisions. 😅 So, yes, the community can actively recommend and advise against things, but Getquin itself is more of a passive analysis tool that allows you to map and present your own strategies in a meaningful way. In terms of diversification across assets, countries, currencies, etc. It also offers deep dives on ETFs and dividend forecasts.

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