@Hotte1909 @GoldenShield @All-in-or-nothing @randomdude Thank you for your response to my comment. I have carefully considered your thoughts.
My view is as follows:
I am not particularly convinced of the potential of emerging markets - with a few exceptions such as China and a few other countries where I see concrete opportunities.
I have as little confidence in Africa as I do in the Middle East. For this reason, I prefer to focus on developed markets, adding some Chinese stocks where appropriate.
To avoid excessive overlap - as has rightly been pointed out - I have decided to replace the MSCI World ETF with the S&P 500. However, I will retain the MSCI World ex USA to ensure broader geographical diversification.
The weighting of these two ETFs will probably be split between around 60% US and 40% developed countries outside the US.
My strategy is geared towards the long term. I can't say today whether Japan, China or another country will grow more strongly in ten years' time.
I think that demographics are just one of many influencing factors: for me, it's the quality of human capital that counts most, not just the quantity. Of course, this is a personal assessment - perhaps Africa or another region that is underestimated today will become the growth driver of the future. But this is how I see things at the moment.
The rest of my portfolio consists of Bitcoin, Ethereum, a few thematic ETFs and around 20 carefully selected stocks from Europe and the USA.
Overall, my allocation is currently around 55% US (with an upward trend towards 60%), 25% Europe and the rest is globally distributed.
An additional concern relates to the proposed US legislation "Section 899 - Enforcement of Remedies Against Unfair Foreign Taxes", which would tighten the taxation of dividends and capital gains for foreign investors. Should it come into force, this could mean tax disadvantages for international investors in US securities - an aspect that I am following closely.
My view is as follows:
I am not particularly convinced of the potential of emerging markets - with a few exceptions such as China and a few other countries where I see concrete opportunities.
I have as little confidence in Africa as I do in the Middle East. For this reason, I prefer to focus on developed markets, adding some Chinese stocks where appropriate.
To avoid excessive overlap - as has rightly been pointed out - I have decided to replace the MSCI World ETF with the S&P 500. However, I will retain the MSCI World ex USA to ensure broader geographical diversification.
The weighting of these two ETFs will probably be split between around 60% US and 40% developed countries outside the US.
My strategy is geared towards the long term. I can't say today whether Japan, China or another country will grow more strongly in ten years' time.
I think that demographics are just one of many influencing factors: for me, it's the quality of human capital that counts most, not just the quantity. Of course, this is a personal assessment - perhaps Africa or another region that is underestimated today will become the growth driver of the future. But this is how I see things at the moment.
The rest of my portfolio consists of Bitcoin, Ethereum, a few thematic ETFs and around 20 carefully selected stocks from Europe and the USA.
Overall, my allocation is currently around 55% US (with an upward trend towards 60%), 25% Europe and the rest is globally distributed.
An additional concern relates to the proposed US legislation "Section 899 - Enforcement of Remedies Against Unfair Foreign Taxes", which would tighten the taxation of dividends and capital gains for foreign investors. Should it come into force, this could mean tax disadvantages for international investors in US securities - an aspect that I am following closely.
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@capital_sherpa_1182 The Treasury Department has already asked Congress to remove the Section 899 clause. So I wouldn't worry about it any more.
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@Brody The Ministry of Finance still exists?😅 Oh wait, that was the Ministry of Education, which was abolished and then not abolished after all (thanks to the judges Dank🙏🏻)
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•@capital_sherpa_1182 S&P 500 + World ex USA makes much more sense from my point of view Sicht👍🏻
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