Search found 96 matches

by tre3sori
Mon Aug 03, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: So the stock market is forward looking. How forward?
Replies: 16
Views: 1270

Re: So the stock market is forward looking. How forward?

I read "The stock market is looking forward 18 months." in some business newspaper. There you have it! :D
by tre3sori
Thu Jul 30, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: Anyone study math, physics or science for fun?
Replies: 47
Views: 3021

Re: Anyone study math, physics or science for fun?

Forgot all of that Linear Algebra Basics? Gilbert Strang could be of help:
https://www.youtube.com/playlist?list=P ... 15CB9EF31D
by tre3sori
Thu Jul 30, 2020 4:03 am
Forum: Non-US Investing
Topic: Bitcoin Exchange Traded Crypto (BTCE)
Replies: 19
Views: 1260

Re: Bitcoin Exchange Traded Crypto (BTCE)

I have not looked for funds/ ETFs, Irish domiciled, that invest in local bonds. Are there such?
iShares J.P. Morgan EM Local Govt Bond UCITS ETF, IE00B5M4WH52, ticker IUSP.GY
A pretty big one with AUM USD 5.8 billion.
TER 0.50% though.
by tre3sori
Mon Jul 27, 2020 3:11 am
Forum: Personal Consumer Issues
Topic: Do you drink drink coffee and why or why not?
Replies: 36
Views: 2111

Re: Do you drink drink coffee and why or why not?

Do you feel that your productivity suffered after quitting coffee though?
At first definitively. After a couple of months/half a year not so anymore.
But with tea I still don't get to the same level of vigility and attentiveness I used to have with coffee.
by tre3sori
Mon Jul 27, 2020 2:13 am
Forum: Personal Consumer Issues
Topic: Do you drink drink coffee and why or why not?
Replies: 36
Views: 2111

Re: Do you drink drink coffee and why or why not?

Paul Erdős: a mathematician is a machine for turning coffee into theorems. In that sense, I've been addicted to coffee until FIRE (> half a gallon/1.5 liters per day). I then decided to quit drinking coffee because of having health issues related to the coffee consumption like anxiousness, stomage a...
by tre3sori
Fri Jul 24, 2020 10:30 am
Forum: Non-US Investing
Topic: 20% AGGG 70% VWRD 10% WSML: What could I be missing?
Replies: 13
Views: 978

Re: 20% AGGG 70% WVRD 10% WSML: What could I be missing?

20% AGGG 70% WVRD 10% WSML Do you really want to complexify/di-worse-ify this beautiful simple portfolio? The only thing I could think of (I'm not Valuethinker and my thinkable universe is much smaller :wink: respect to that amount of knowledge), is to start adding some EUR hedged bonds in case you ...
by tre3sori
Thu Jul 23, 2020 11:04 pm
Forum: Non-US Investing
Topic: Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (EUR) | DBZB
Replies: 9
Views: 666

Re: Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (EUR) | DBZB

Hi B., more than 20% of global bonds have negative yield. So nothing to win there. You could go up the risk scale a bit and add about 25% corporate bonds and 10% mortage backed securities through a global aggregate bond fund like AGGH - iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) o...
by tre3sori
Wed Jul 22, 2020 10:48 pm
Forum: Non-US Investing
Topic: Bitcoin Exchange Traded Crypto (BTCE)
Replies: 19
Views: 1260

Re: Bitcoin Exchange Traded Crypto (BTCE)

Sorry, I obviously didn't get the irony through. I'm no native English speaker, so excuse me please. I skip the Bitcoin Exchange Traded Crypto ETC for a TER of 2.00% :oops: and go with the Emerging Cancer ETF instead mentioned by Jack Bogle in this interview (min 2:19): https://www.youtube.com/watch...
by tre3sori
Wed Jul 22, 2020 2:09 am
Forum: Non-US Investing
Topic: Bitcoin Exchange Traded Crypto (BTCE)
Replies: 19
Views: 1260

Bitcoin Exchange Traded Crypto (BTCE)

ETF provider HanETF launched an "innovative ETC for a modern portfolio" in June 2020: ISIN: DE000A27Z304 Ticker: BTCE Exchange: Xetra Name: BTCetc Bitcoin Exchange Traded Crypto (BTCE) AUM: $ 4.344 M TER: 2.00% Is there an investment case (diversification)? Would anyone here invest? (Some people see...
by tre3sori
Sun Jul 19, 2020 11:26 am
Forum: Non-US Investing
Topic: Buying a 2nd apartment [Portugal]
Replies: 22
Views: 2124

Re: Buying a 2nd apartment [Europe]

On the mortage side you have reliable expenses, on the rented-out appartement side you have unreliable income (will you always be able to rent it out? how big will maintenance cost be etc...). Do you want to become a landlord and have to deal with the property manager and tenants? We just were facin...
by tre3sori
Fri Jul 17, 2020 11:48 pm
Forum: Non-US Investing
Topic: I invest in bond funds - but I don't understand them!
Replies: 10
Views: 1383

Re: I invest in bond funds - but I don't understand them!

In such a low (nearly no) interest rate environment, why would one invest in a bond fund with a 7 year duration and a yield-to-maturity of 0.83%.... when a 1 year CD guaranteed by the FED is 20% higher (~1%). Granted we are talking about small numbers (20% of zero =0), but with a 7 year duration, t...
by tre3sori
Thu Jul 16, 2020 11:51 pm
Forum: Non-US Investing
Topic: Correlation question
Replies: 9
Views: 645

Re: Correlation question

hi blubbly, S&P for example has five main criteria to rate countries/sovereigns: 1. institutional assessment: ...how a government's institutions and policymaking affect a sovereign's credit fundamentals by delivering sustainable public finances, promoting balanced economic growth, and responding to ...
by tre3sori
Wed Jul 08, 2020 3:19 am
Forum: Investing - Theory, News & General
Topic: Wirecard and the Boglehead Philosophy
Replies: 25
Views: 2134

Re: Wirecard and the Boglehead Philosophy

So the Boglehead Philosophy of (market capitalization weighted) diversification probably has saved me a 5-figure amount of $$. Addendum: 36.000 people registered on an online platform to participate in a class-action lawsuit against wirecard. The average financial damage per person is $45000. (And ...
by tre3sori
Tue Jul 07, 2020 2:03 am
Forum: Non-US Investing
Topic: Index funds [Belgium]
Replies: 4
Views: 480

Re: Index funds [Belgium]

My loss tolerance would be around 20% rule of thumb (equities could lose 50% at any given time) would give you a 40%/60% stock/bond ratio. REITS are included in market-cap weight index funds. Extra allocation not really necessary. Inflation Linked Bond ETFs in EUR are heavy in Italian bonds. Maybe ...
by tre3sori
Sat Jul 04, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 20911

Re: What to do with all this MONEY ?

In German there is a word for rich kids who get neglected by their parents because they work so much/are too involved with their hobbies: affluent neglect (Wohlstandsverwahrlosung). The rather large inheritance can be viewed as compensation for all the hours that have not been spend with the kid and...
by tre3sori
Wed Jul 01, 2020 3:54 am
Forum: Forum Issues and Administration
Topic: For every "YES" there are 10 "No's" and Vice Versa?
Replies: 28
Views: 2005

Re: For every "YES" there are 10 "No's" and Vice Versa?

For every "YES" there are 10 "No's" and Vice Versa... I think this is a feature of a public forum, not a bug. You can just listen to the symphony of different opinions. Your own opinion will form over time. Don't take everything too seriously. Ok. It is money. Serious thing. But if you manage to put...
by tre3sori
Wed Jul 01, 2020 2:00 am
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11497

Re: New Poster. Talk me out of 100%stock allocation

Taylor Larimore wrote:
Mon Sep 30, 2013 10:40 am
When Does a 100% Stock Portfolio Make Sense?
direkt link to the article:
https://obliviousinvestor.com/when-does ... ake-sense/
by tre3sori
Tue Jun 30, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: How to invest in EUR?
Replies: 8
Views: 383

Re: How to invest in EUR?

Maybe this:
iShares $ TIPS 0-5 UCITS ETF ticker:SXRH ISIN:IE00BDQYWQ65

By the way: Your title is misleading. It suggests that you want to invest your money in EUR which stands for the currency, not for the region.


ok. didn't get your intention right. sorry.
by tre3sori
Tue Jun 30, 2020 3:53 am
Forum: Non-US Investing
Topic: Worry about low volume of VHVE + VFEA
Replies: 17
Views: 1119

Re: Worry about low volume of VHVE + VFEA

As of today, what would be the correct market-cap ratio between FTSE Developed and FTSE Emerging Markets? You can calculate it from this source: https://research.ftserussell.com/Analytics/FactSheets/temp/e791f2c6-8dd0-43cd-8672-307278865253.pdf Just divide the market cap weight (Net MCap) of FTSE D...
by tre3sori
Mon Jun 29, 2020 10:55 pm
Forum: Non-US Investing
Topic: [Germany] First time investor_Seeking advice_Beginner
Replies: 8
Views: 604

Re: [Germany] First time investor_Seeking advice_Beginner

I wanted to go for US market, because it does better than average (Word market). Why is it not advisable to do that? You could be late to the game. Take a look at https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2002&firstMonth=1&endYear=2007&las...
by tre3sori
Mon Jun 29, 2020 3:04 pm
Forum: Non-US Investing
Topic: [Germany] First time investor_Seeking advice_Beginner
Replies: 8
Views: 604

Re: [Germany] First time investor_Seeking advice_Beginner

Two days gone and still zero comments. Should I improve something about posting in this forum or what's wrong? This: (I am from Albania, so non-EU citizen, but I am living and paying taxes in Germany) I have no idea if there are any special circumstances for non-EU citizens who live and pay taxes i...
by tre3sori
Mon Jun 29, 2020 4:53 am
Forum: Personal Investments
Topic: Determining my AA: wisdom vs guts feelings.
Replies: 24
Views: 1449

Re: Determining my AA: wisdom vs guts feelings.

...my typical yearly expenses are between 1% and 2% of my accumulated assets... ...I can live from rental income... ...Quite a lot of my assets are in rental properties So you have the ability to be more aggressive and go with a 75/25 stock/bond portfolio, but maybe not the willingness nor the need...
by tre3sori
Mon Jun 29, 2020 3:54 am
Forum: Investing - Theory, News & General
Topic: Wirecard and the Boglehead Philosophy
Replies: 25
Views: 2134

Re: Wirecard and the Boglehead Philosophy

Not sure this is even on the radar for most people. I'd never heard of the company until the recent incident so I don't understand how it in any way reinforces the Bogehead philosophy. Anyways we have had plenty of real lessons in the past that people are actually aware of, for example Enron. Wirec...
by tre3sori
Tue Jun 23, 2020 1:56 pm
Forum: Non-US Investing
Topic: free portfolio management apps?
Replies: 9
Views: 585

Re: free portfolio management apps?

From Germany/Europe I use Portfolio Performance, Morningstar Portfolio Manager (and Libreoffice Calc)
https://www.portfolio-performance.info/en/
https://www.morningstar.fr/fr/. Morningstar has localizations for many countries.
https://www.libreoffice.org/discover/calc/
by tre3sori
Fri Jun 19, 2020 12:23 am
Forum: Investing - Theory, News & General
Topic: Why do the Total Bond Funds all hold different amounts of bonds?
Replies: 5
Views: 723

Re: Why do the Total Bond Funds all hold different amounts of bonds?

On the Vanguard VBTLX fund page it says: The fund’s passive investment style uses a sampling technique to closely match key benchmark characteristics: duration, cash flow, quality, and callability. Optimized sampling is designed to avoid the expense and impracticality of fully replicating the index....
by tre3sori
Thu Jun 18, 2020 12:20 pm
Forum: Non-US Investing
Topic: Harry Browne - European PP
Replies: 73
Views: 2272

Re: Harry Browne - European PP

Since we have moved from 25% stocks to 70% in this thread... ...take a look at this: 70% Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWCE) 30% Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulating (VAGF) ...or: 62% Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWCE) 25% ...
by tre3sori
Sun Jun 14, 2020 10:10 am
Forum: Personal Investments
Topic: How much has Bogleheads saved you?
Replies: 38
Views: 3199

Re: How much has Bogleheads saved you?

40k in five years:
30k management fees
30k active fund fees
-20k capital gains taxes on selling active funds
thank you mr. bogle and bogleheads!!!
by tre3sori
Sun Jun 14, 2020 9:55 am
Forum: Non-US Investing
Topic: Seeking advices for my first ETF Portfolio [Italian expat in Netherlands)
Replies: 5
Views: 512

Re: Seeking advices for my first ETF Portfolio [Italian expat in Netherlands)

1. Why not use 80% Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWCE) 20% Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulating (VAGF) Would make life a bit easier and not much more expensive. 2. Invest the 30k right away. It will be a tiny part of your whole life contribution if...
by tre3sori
Thu Jun 11, 2020 10:03 pm
Forum: Non-US Investing
Topic: US stock tilt for European investors
Replies: 22
Views: 1093

Re: US stock tilt for European investors

I'll switch my attention to thinking about including a factor fund like MSCI World Value Factor / Quality Factor / Minimum Volatility. I probably shouldn't complicate things, but I'm tempted :) I remember that Mr. Bogle also recommended a total market cap-weighted fund as the true and only multi-fa...
by tre3sori
Thu Jun 11, 2020 9:45 pm
Forum: Non-US Investing
Topic: Retiree allocation of stocks in a portfolio with substantial real estate
Replies: 2
Views: 253

Re: Retiree allocation of stocks in a portfolio with substantial real estate

Not knowing anything about investing from India, your parents etc...: asset allocation of your parents 11%/22%/67% stock/bond/real estate desired financial assets allocation (100-age)% in stocks. assuming your parents are around 65 years old: desired financial assets allocation 35%/65% stock/bond. 1...
by tre3sori
Thu Jun 11, 2020 7:33 am
Forum: Non-US Investing
Topic: US stock tilt for European investors
Replies: 22
Views: 1093

Re: US stock tilt for European investors

As European investor I would go with the global market cap of Vanguard FTSE All-World or iShares MSCI World/EM. Maybe add some small cap exposure to approximate total world equity market. Mr. Bogle spoke from an US perspective. His reasons where among others that the US has most mature capital marke...
by tre3sori
Wed Jun 10, 2020 2:39 pm
Forum: Personal Consumer Issues
Topic: I think I need a new computer
Replies: 135
Views: 7112

Re: I think I need a new computer

if the laptop has an old hdd (hard disk drive), the only thing you may need is an ssd (solid state disk) and a relative who knows how to handle mirroring and exchanging drives
by tre3sori
Sun Jun 07, 2020 11:24 pm
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2189

Re: Hedging equities?

Consensus seems to be that volatility of equities is so high that it dwarfs volatility of currency movements -> no need to hedge currency on equity part of portfolio. Hi Tre, Can you give me any links for that? Take a look, e.g., at the French Franc / Euro vs. USD from 1985 until today. I'd love to...
by tre3sori
Sun Jun 07, 2020 11:35 am
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2189

Re: Hedging equities?

Consensus seems to be that volatility of equities is so high that it dwarfs volatility of currency movements -> no need to hedge currency on equity part of portfolio.
by tre3sori
Sun Jun 07, 2020 11:17 am
Forum: Non-US Investing
Topic: Investments in Euro
Replies: 9
Views: 771

Re: Investments in Euro

Distribution yield: 50% iShares € Corp Bond BBB-BB UCITS ETF (2% dist yield) + 50% iShares Core € Corp Bond UCITS ETF (1% dist yield) gives you 1.5% distribution yield (if that is, what you meant.) You would have to move out of the realm of investment grade bonds to get more than 1% yield in EUR Tot...
by tre3sori
Sat Mar 21, 2020 6:01 am
Forum: Non-US Investing
Topic: Maximum percentage of assets having currency risk?
Replies: 5
Views: 297

Re: Maximum percentage of assets having currency risk?

There are several Vanguard papers on the topic of currency risk and hedging: https://personal.vanguard.com/pdf/ISGPCH.pdf https://personal.vanguard.com/pdf/ISGHC.pdf https://personal.vanguard.com/pdf/ISGCMC.pdf Maybe this gets you closer to an answer. Conclusion: Equities don't need to be currency h...
by tre3sori
Fri Mar 20, 2020 4:16 pm
Forum: Non-US Investing
Topic: [Germany] Newbie trying to use the market dip to start investing
Replies: 13
Views: 1129

Re: [Germany] Newbie trying to use the market dip to start investing

You can lookup the Developed-Emerging market cap in the FTSE All-World Index factsheet under the tabular data on the following page: https://www.ftserussell.com/products/indices/geisac Just take the quotient: FTSE Developed market cap/FTSE All-World market cap. Result: FTSE All-World ~ 89% FTSE Deve...
by tre3sori
Fri Mar 20, 2020 9:24 am
Forum: Non-US Investing
Topic: UCITS Compliant Gold ETC?
Replies: 4
Views: 302

Re: UCITS Compliant Gold ETC?

There cannot be any UCITS Compliant Gold ETCs, since the regulation of UCITS (Art. 50 (2) b) prohibits funds to invest in precious metals and certificates of precious metals.
by tre3sori
Fri Mar 20, 2020 2:29 am
Forum: Non-US Investing
Topic: [Germany] Newbie trying to use the market dip to start investing
Replies: 13
Views: 1129

Re: [Germany] Newbie trying to use the market dip to start investing

iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) is accumulating, so you probably would want:
Vanguard FTSE All-World UCITS ETF - (USD) Accumulating
ISIN: IE00BK5BQT80
The Vanguard FTSE All-World you choose is distributing.
Why place a stop loss?
Buy wherever it is cheapest.
by tre3sori
Mon Mar 16, 2020 7:44 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8378

Re: Who is continuing to buy as planned?

Rebalanced once on a 70%/30% stock/bond (not including real estate) portfolio. Some %% to go for the next rebalancing. Will sell a condo soon and put it into financial markets according to target allocation, if I still get a decent price.
by tre3sori
Mon Mar 16, 2020 1:59 am
Forum: Personal Consumer Issues
Topic: Anybody here go all-Linux for personal computing?
Replies: 116
Views: 9155

Re: Anybody here go all-Linux for personal computing?

all-Linux since about 15 years:
Switched from Windows to Ubuntu in 2004/2005.
Switched to Arch in 2010.
Switched to Manjaro in 2018.
Desktop: Gnome.
My wife is still with Windows (job compatibility)
by tre3sori
Mon Mar 16, 2020 1:08 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 993

Re: All-world all-cap index ETF traded in Euros?

... An approximation with a decent TER 0.153% could be roughly: 80% Vanguard FTSE Developed World UCITS ETF, TER 0.12% 10% Vanguard FTSE Emerging Markets UCITS ETF, TER 0.22% 10% iShares MSCI World Small Cap UCITS ETF, TER 0.35% (The Vanguard FTSE Global Small Cap Index Fund Investor is cheaper but...
by tre3sori
Thu Mar 12, 2020 4:32 pm
Forum: Non-US Investing
Topic: Big difference between global bond ETFs today
Replies: 11
Views: 675

Re: Big difference between global bond ETFs today

My guess: the funds differ in hedging the EUR/USD currency pair. iShares hedging less, Vanguard more, leading to a bigger drop in the Vanguard fund with the EUR depreciating against the USD.
This is so wrong. Even conceptually. Sorry. It's the liquidity, stupid.
by tre3sori
Thu Mar 12, 2020 3:58 pm
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 26647

Re: Who is staying course and how are you dealing with net worth going down?

... a story about the rise of fund management firms with their complex models and black boxes and algorithms, resulting in sudden spikes of volatillity either because something was wrong about their original models or they are trying to take advantage of the volatility and in doing so exarcerbating...
by tre3sori
Thu Mar 12, 2020 2:56 pm
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 993

Re: All-world all-cap index ETF traded in Euros?

SPDR MSCI ACWI IMI UCITS ETF
Benchmark: MSCI ACWI IMI Index (All Country World Investable Market Index), not ESG
investible: retail investors via Xetra, Euronext, Borsa Italiana
english: https://www.ssga.com/de/en_gb/intermedi ... tf-spyi-gy
by tre3sori
Thu Mar 12, 2020 6:21 am
Forum: Non-US Investing
Topic: Why are EUR Corp Bonds devaluating
Replies: 12
Views: 640

Re: Why are EUR Corp Bonds devaluating

The low credit quality, I guess. There is a flight to safety.
by tre3sori
Thu Mar 12, 2020 6:12 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 993

Re: All-world all-cap index ETF traded in Euros?

Revision: there is an All-world all-cap index ETF traded in € via some European stock exchanges, but it is prohibitively expensive (at least for me): SPYI, SPDR MSCI ACWI IMI UCITS ETF, ISIN IE00B3YLTY66, TER 0.40% https://www.ssga.com/de/de/intermediary/etfs/funds/spdr-msci-acwi-imi-ucits-etf-spyi-...
by tre3sori
Thu Mar 12, 2020 4:01 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 993

Re: All-world all-cap index ETF traded in Euros?

AFAIK there is no single All-World All-Cap ETF (or index fund) in € as of March 2020. An approximation with a decent TER 0.153% could be roughly: 80% Vanguard FTSE Developed World UCITS ETF, TER 0.12% 10% Vanguard FTSE Emerging Markets UCITS ETF, TER 0.22% 10% iShares MSCI World Small Cap UCITS ETF,...
by tre3sori
Fri Feb 14, 2020 4:43 pm
Forum: Non-US Investing
Topic: New Portfolio German ETF using GB, All Season and Balanced Asset Allocation
Replies: 1
Views: 283

Re: New Portfolio German ETF using GB, All Season and Balanced Asset Allocation

German dad answering: I would simplify the stock part (no factors) and make it cheaper along the lines of for example FTSE Global All-Cap Index: https://research.ftserussell.com/Analytics/Factsheets/Home/DownloadSingleIssue?issueName=GEISLMS&IsManual=false Stocks 35% Vanguard FTSE Developed World UC...
by tre3sori
Fri Feb 14, 2020 2:10 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 518
Views: 71377

Re: Your USER NAME...what does it mean?

I keep my wealth mostly in 3 strongboxes (Tresor): stocks, bonds, real estate.