1Mês·

EPI@GTAA

A smaller position of between 2 and 3% of @Epi s GTAA.

Probably would have been better to wait for the end of the month to buy when the previous month's winners are in. But anyway, it's in now.

I still have to decide whether to keep the position open to have some strategy diversification against my B&H multifactor portfolio, or whether to keep it small. Then at some point the question would be whether I rebalance.

Actually, my gut feeling is that it's hardly worth rebalancing, as GTAA (or momentum strategies in general) should suffer less from return to average than classic B&Hs 🤔

11.03

LUS

LUS BSK IXZT OE

Comprado x23 em € 122,83

€ 2.825,09

14 Comentários

Epi@Epi

1Mês

Brave, in these volatile times! But as the saying goes: the world belongs to the brave!
Welcome to the wild ride with 3xGTAA and thank you for your trust! 🚀

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1Mês

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Uwe@SchlaubiSchlumpf

1Mês

@Yoshika therefore difficult to arbitrage. With 3xGTAA I buy myself a considerable (hoped for) excess return through absurd volatility, with a simpler momentum strategy I only have increased trading costs, possibly additional tax expenses that prevent me from doing so and (here one leaves the EMH to a certain extent) the feeling of moving into stock market voodoo.

But as I mentioned, I am not a 100% advocate of the EMH either. Nevertheless, I would argue that it is the most relevant model to explain market movements on a large scale. The problem is that it explains them more or less after the fact, because it talks about risks and premiums, but risks have the property that they have a probability of occurrence that we do not know beforehand (or afterwards). In my view, wherever people are involved in models, model and practice drift apart.

But I am an engineer with an interest in the market and not an economist. So this is just my view of things.

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Ver todas as 30 restantes respostas

TotallyLost@TotallyLost

1Mês

I have given the strategy 2% in my portfolio.
I trust @Epi more than the entire Australian economy 😅

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Epi@Epi

1Mês

@TotallyLost In the end, you don't trust the epi, but an offensive momentum strategy.
I've said it many times: 2025 will be the big test of the strategy.

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Uwe@SchlaubiSchlumpf

1Mês

@Epi In principle, the strategy is already running surprisingly close to the historical Max DD according to the backtest, isn't it? I don't think you can pin down many strategies that are designed for the long term to a few months.
The fundamentals are pretty well worked out, so we'll have to wait and see.

What could also be noticeable could be quite high costs for financing the certificates. In particular, Trump should ensure that interest rates continue to rise

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Epi@Epi

1Mês

@SchlaubiSchlumpf The maxDD of the backtests refers to the monthly closing prices. I think we are higher at the end of the month than we are today.
But yes, you're right, the strategy is designed for many years and decades, and anyone who is knocked out by a one-month drawdown knows that such strategies are not for them. Also good.

Regarding the financing costs of the 3xETFs: yes, rising interest rates drag on performance. But what can you do? 🤷

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Uwe@SchlaubiSchlumpf

1Mês

@Epi nix just keeps going. In fact, I don't think rising interest rates are that dramatic. As a rule, real assets also rise more strongly. In any case, I will enjoy pursuing the strategy.

Quite possibly. I'd be delighted 😁 At least with GTAA I don't have to secretly hope that everything will fall in order to get in cheaply. The share price is pretty much irrelevant at the moment😄

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TotallyLost@TotallyLost

1Mês

@Epi OK then let me put it this way:
I like you more than Australia 😘

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Uwe@SchlaubiSchlumpf

1Mês

@TotallyLost I'll say that to my girlfriend next time

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Marto@Maddy-0

1Mês

What exactly is the ETF all about? How expensive is it and is the profit just donated at the end, or do you really get your return out of it?

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Marto@Maddy-0

1Mês

you won't find it anywhere either

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Uwe@SchlaubiSchlumpf

1Mês

@Maddy-0 This is a wikifolio set up by @Epi to implement his 3xGTAA strategy in a more tax-efficient way. An explanation can be found in his profile. According to Wikifolio, the costs are 0.95% certificate fee and 5% performance fee. In principle, anyone can invest. However, it should be explicitly treated with caution, as this is not a forest and meadow ETF, but is traded in a very concentrated manner with (partly) leveraged derivatives.

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Golden Boy@randomdude

1Mês

@Maddy-0 This is not an ETF, but a Wikifolio certificate. You profit from price gains.
You would first have to clarify whether your broker trades such products at all. And then you must be activated for trading. This is not the case by default, as the Wikifolio contains leveraged products and is therefore considered very risky.

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