The question of the expected return after costs is still open. Especially with the 5% at new ATH, this is quite opaque for me.
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@DonkeyInvestor The individual costs depend crucially on the price performance. If the certificate is under water for 1 year, there is no performance fee.
Otherwise, you can easily calculate this yourself using the figures given:
With a hypothetical 30%pa return, 5% performance fee would be 1.5%pa additional costs. This means a total of approx. 2.5%pa costs. More return, more costs - less return, less costs. 🧐
Otherwise, you can easily calculate this yourself using the figures given:
With a hypothetical 30%pa return, 5% performance fee would be 1.5%pa additional costs. This means a total of approx. 2.5%pa costs. More return, more costs - less return, less costs. 🧐
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@Epi Well, it's not quite that simple. The 5% is due every time the stock reaches an annual ATH. So it makes a difference whether I am significantly below the last year's ATH at the time of investment or not. But you're right, of course. It's not significant and as soon as the position is full, it's also easy to calculate next year
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@DonkeyInvestor Of course, the timing of your investment also plays a role. If you enter 30% below ATH, you have a nice buffer on the upside.
But let's be honest: if I get 30%pa with a strategy, then a maximum fee of 2.5% is manageable.
What I find decisive about the costs is not the absolute amount, but whether they can prevail relative to a manual implementation with a neobroker.
And whether the net return after costs allows the risk profile to remain attractive. This is where leverage strategies often fail. The 3xGTAA wikifolio still fits the bill.
But let's be honest: if I get 30%pa with a strategy, then a maximum fee of 2.5% is manageable.
What I find decisive about the costs is not the absolute amount, but whether they can prevail relative to a manual implementation with a neobroker.
And whether the net return after costs allows the risk profile to remain attractive. This is where leverage strategies often fail. The 3xGTAA wikifolio still fits the bill.
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@Epi Just to understand, with an annual return of 1.5% but above ATH, would we then be in negative territory minus the performance fee?
And is the fee due once a year or whenever a new ATH is reached?
Thanks for the article and very interesting with the Wikifolio! I have seen you explain your strategy many times. But this way you have a direct chart. Very cool.
And is the fee due once a year or whenever a new ATH is reached?
Thanks for the article and very interesting with the Wikifolio! I have seen you explain your strategy many times. But this way you have a direct chart. Very cool.
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•@Epi I'm still thinking about whether I dare to enter with sums that really have an effect on the portfolio. 10-20k would be okay. But it's relatively small compared to the total portfolio. And I really don't want to put a lot of money into it. I still have a nice Bitcoin position that I want to keep 🤔🧐. I'll give it my thoughts. Thanks anyway
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@Applesplit An annual return of 1.5% in the strategy? That's half a day's vola! 😅
But well. In this case, the 1% certificate fee would be deducted daily, leaving the certificate with an annual return of 0.5%. From this you then pay a 5% performance fee, i.e. 0.025% of the total capital, i.e. a total of 0.975%pa.
But well. In this case, the 1% certificate fee would be deducted daily, leaving the certificate with an annual return of 0.5%. From this you then pay a 5% performance fee, i.e. 0.025% of the total capital, i.e. a total of 0.975%pa.
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@DonkeyInvestor I was also unsure at the beginning how much I should put into Wikifolio. I implemented the strategy in parallel with Wikifolio and my broker for a year. I now have 100% of the 3xGTAA portfolio share in Wikifolio. The taxes simply got out of hand. That's over now.
There are also Wikifolios with 10 million+ volume. Somehow it doesn't matter whether I'm invested with 10k or 100k - I'm a small fish anyway.
My suggestion: start with what you feel comfortable with. If everything fits after a while and you've informed yourself enough, you can add more until you reach your target weighting. 🤷
There are also Wikifolios with 10 million+ volume. Somehow it doesn't matter whether I'm invested with 10k or 100k - I'm a small fish anyway.
My suggestion: start with what you feel comfortable with. If everything fits after a while and you've informed yourself enough, you can add more until you reach your target weighting. 🤷
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@Epi what would interest me:
Do you have the option of increasing the performance fee? Or has it ever happened in the past that Wikifolio has raised the minimum performance fee?
Vote: Reduce the minimum performance fee 😂😅
Do you have the option of increasing the performance fee? Or has it ever happened in the past that Wikifolio has raised the minimum performance fee?
Vote: Reduce the minimum performance fee 😂😅
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@AxoWallStreet You set the performance fee once at the very beginning when you set up the wikifolio and then it stays that way. I set everything to minimum anyway, you can't go any lower.
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