6D
Hello Max!
Honestly? You're busy enough with your family, house and career. As a beginner, you'll hardly be able to beat the market return.
As long as you have less than 20k, 100% ACWI is completely sufficient. After that, you can add a few uncorrelated asset classes, e.g. gold and BTC (20-40%). That's all you really need for now.
Later, when the pile is significantly larger (>100k), you can think about strategy diversification.
Good luck!
Honestly? You're busy enough with your family, house and career. As a beginner, you'll hardly be able to beat the market return.
As long as you have less than 20k, 100% ACWI is completely sufficient. After that, you can add a few uncorrelated asset classes, e.g. gold and BTC (20-40%). That's all you really need for now.
Later, when the pile is significantly larger (>100k), you can think about strategy diversification.
Good luck!
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@Epi Hi Epi. Thanks for the honest assessment - I had thought of that too.
But my thinking was as follows: With a 1000k savings rate and 7% return, I'll reach the 100k in 6-8 years. By the time I learn how the market works and what to look out for, I'll be throwing a lot of money down the drain. So now I make "favorable" mistakes here and there, I read a lot, inform myself and (hopefully) learn from them and can then beat the market in 6-8 years with a 100k deposit and plenty of knowledge and provide for old age or the here and now (I am "only" 35). I have to start learning at some point ...
For example, I'm currently reading The Big Book of Market Technique by Michael Voigt with great enthusiasm - it really picks me up ;)
But my thinking was as follows: With a 1000k savings rate and 7% return, I'll reach the 100k in 6-8 years. By the time I learn how the market works and what to look out for, I'll be throwing a lot of money down the drain. So now I make "favorable" mistakes here and there, I read a lot, inform myself and (hopefully) learn from them and can then beat the market in 6-8 years with a 100k deposit and plenty of knowledge and provide for old age or the here and now (I am "only" 35). I have to start learning at some point ...
For example, I'm currently reading The Big Book of Market Technique by Michael Voigt with great enthusiasm - it really picks me up ;)
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@Anakreon I think that after 6-8 years of investing you will no longer be tempted to make the mistakes that almost every investor makes in their first 3 years. Read as many streams as you like. This will give you know-how but don't think that you will automatically beat the market afterwards. Personally, I haven't read a single financial stock book. One audiobook and a few more podcasts. What didn't really help was the community here. Now I am in a position to beat the market significantly
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@Anakreon I used to think like you. It didn't hurt, but all that knowledge also created a path dependency that psychologically prevented me from achieving market returns at all for a long time. It took a lot of effort to get out of this mindset.
Ergo: go your own way. It's the hard way. 💪
Ergo: go your own way. It's the hard way. 💪
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@Epi Good morning. I took your advice to heart and reorganized my portfolio.
My €1000 savings rate is now split into around 55% ETFs (msci world, ai infrastructure, industrial metal rare earth, nasdaq clean edge smart grid, emerging markets, euwax gold II and Bitcoin), with the msci world alone receiving €300.
The remaining 45% is concentrated on a few stocks: Berkshire H., Alphabet, Amazon, Scottish mortgage invest and Iren energy - they are relatively equally weighted
I will adjust the ratio of ETFs to shares over the next few months so that the ETF block is 60% of the savings rate.
My €1000 savings rate is now split into around 55% ETFs (msci world, ai infrastructure, industrial metal rare earth, nasdaq clean edge smart grid, emerging markets, euwax gold II and Bitcoin), with the msci world alone receiving €300.
The remaining 45% is concentrated on a few stocks: Berkshire H., Alphabet, Amazon, Scottish mortgage invest and Iren energy - they are relatively equally weighted
I will adjust the ratio of ETFs to shares over the next few months so that the ETF block is 60% of the savings rate.
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