Postos
871YTD better than $IWDA (-3,86%) and $VWRL (-4,28%)
But Max (from 2014) until today ahead of the $VWRL (-4,28%) but still slightly behind the $IWDA (-3,86%)
I guess it's time for me to look for more returns in the long term so that I end up ahead of the $IWDA (-3,86%) again.
$CSPX (-4,45%)
$IWDA (-3,86%)
$EQQQ (-4%)
The calculation is the country's trade deficit with the USA divided by the country's exports to the USA
Ex:
Vietnam: exports 136.6, imports 13.1
Deficit = 123.5
123,5/136,6 = 90 %
Which positions should I continue to build or sell, the crypto positions were blind buys without having a clue. My "plan" would be to use savings plans to increase my position in $IWDA (-3,86%)
$DAX and $MEUD (-2,97%) with savings plans. Is it a good idea to delete TR and give the portfolio time? I'm only 4 months in and still learning every day. Would appreciate any answers.
We are currently in an uncertain political and economic phase, which is why many investors are currently investing in gold. That is why I am now selling part of my gold holdings $DE000EWG0LD1 (-1,18%) and will invest it broadly diversified in the stock market ($IWDA (-3,86%) , $MEUD (-2,97%) , $EIMI) (-0,37%) in the stock market.
What is your opinion on this idea?
Can active management make sense?
Actively managed funds are such a thing, most do not beat their benchmark after costs. In addition, 95% of the return can be derived from the Fama-French 5-factor model.
If we define manager skill as the ability to exploit one or more of these factors better than the average investor, then it can make sense to buy into such management.
Is the Quantex team worth the money?
3.00 % front-end load
1.14 % management fee
1.50 % Ongoing charges
This has to be earned first.
The real problem is not that there are no above-average investors, but that they are only recognized after they have performed above average.
Whether it is easier to find good management or to learn the whole thing yourself probably differs greatly from person to person.
Here are a few points that, in my opinion, strongly suggest that Peter Frech and the Quantex team will be able to achieve above-average returns in the future:
1. outperformance despite headwinds
Since the fund was launched in 2008, market performance has been dominated by fast-growing tech companies and mega caps.
The MSCI World Value $IWVL (-4,12%) compared to the MSCI World $IWDA (-3,86%) has only generated just over half the return since its launch in 2014.
During this time, many value funds have been closed due to investor flight and minimum returns; the Quantex Global Value $SLCH6Z / $QGVU has not only beaten its benchmark (Bloomberg World Net Return) in the same period. It also outperformed the MSCI World.
2. professionals and not clowns
Quantex does not need to jump around on Instamm or be a guest twice a month on every financial YouTube channel in the DACH region.
It is primarily concerned with the funds and not with marketing.
3. profitable bears
Despite the outstanding performance, the fund management is extremely bearish. The risks are always seen first and acquisitions are usually made at such low prices that there is also a margin of safety.
Anti-cyclical companies from sectors and countries that have been overlooked or unjustly punished by the market are bought.
This strategy, based on the early Warren Buffett, has been implemented in a disciplined manner for almost 17 years now.
4. know your limits
Due to its success, the fund has reached a size at which it is capital constrained. The fund would have become too large to implement the desired strategy.
The same thing happened to Warren Buffett, who was no longer able to implement his value strategy uncompromisingly, as a result of which the returns also became lower.
To prevent this from happening to Quantex Global Value, a freeze on the issue of new units has been in place since November 2022.
In other words, the interests of investors have been placed above maximizing the company's own profits.
Nevertheless, it is still possible to invest in the fund: If fund units are redeemed or sold, subscriptions are possible to the same extent. All subscriptions are processed on a first come, first served basis. There are no partial executions and individual subscriptions are either accepted in full or rejected.
rejected.
Just have a look at the Swiss Exchange (SIX), you will usually still find some there.
On the https://www.quantex.ch/ next to the stormtroopers you can also see the available shares. 😅
Criticism:
What I would also like to mention is that this fund is not for people for whom ESG criteria are important. Quantex invests completely amorally.
The portfolio is (as of today) heavily overweighted in fossil fuels, tobacco, alcohol and mining (i.e. the wet dream of @TaxesAreTheft )
You can never rule out the possibility that the management was simply lucky and the returns are worse going forward, which is why such a fund can only ever be an addition.
Conclusion:
In my opinion, the Quanex team has proven over the past 17 years that it is able to find undervalued stocks, sell them at fair value and do so at a similar risk to the market as a whole.
The counter-cyclical nature of the strategy makes the fund an excellent addition to portfolios that are dominated by world ETFs or have similar sectors and country weightings to them.
https://www.quantex.ch/de/anlagefonds/quantex-global-value-fund/chf-r/
If you want to get a first impression of the management, I recommend the webinar recordings and investor letters on the Quantex website.
Good evening, everyone!
I’m looking for some advice on my investment portfolio and would greatly appreciate your recommendations.
A bit about me: I’m 32 years old and have been investing for the past three years. My goal is long-term investing, with a horizon of 20 years or more. As a programmer, I’m particularly interested in building a diversified portfolio with a focus on the technology sector.
Since investing is not my primary field, I want to keep my strategy as stress-free and passive as possible. My idea is to keep it as simple as possible. At the moment, I can invest around €1,200 per month.
The distribution I’m aiming for is as follows, although I plan to rebalance my portfolio monthly to achieve it:
Does this allocation make sense to you? Are there any adjustments you’d recommend based on my goals and risk profile? I’m open to any feedback or suggestions you may have.
Hi Community! I would like to set up a monthly savings plan on the $IWDA (-3,86%) for my parents. My mother already invests a lot herself, but I thought it would be a nice surprise for my parents' pension.
Now I'm wondering how best to do this for tax purposes? Is there anything to bear in mind or tricks?
Thank you very much!
Imagine finding a bag with 15,000 euros in cash on a train. This is exactly what happened to a 33-year-old woman on ICE 1081 from Hanover to Munich. She discovered the bag full of 200 euro bills and handed it over to the Federal Police in Munich. The rightful owner has not yet been identified. If no one comes forward, the finder could receive a legal finder's reward of three percent, i.e. 450 euros.
What would the getquin community have done in this situation?
1. invested sensibly in an ETF, such as $IWDA (-3,86%)
2. $4GLD (-2,27%) safe is safe
3. all in $BTC (+0,02%)
4. benefit from the current dip American tech companies, such as $GOOGL (-3,55%) , $NVDA (-6,05%) or $META (-7,03%)
5. collect dividends just before the dividend season, such as $BATS (+3,96%) , $ALV (-0,37%) or $SREN (-0,17%)
6. invest irrationally, e.g. $4X0 (-5,79%) or $GME (-2,97%)
7. or would you take the money to the police and fill your war chest with the finder's fee of EUR 450?
Personally, I would probably choose option 1. If the owner suddenly turned up on my doorstep, I could sell the ETF and give him the money back. There might be a little more left for me as a return than the EUR 450 I would receive from the police 😉
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