Search found 24 matches

by Kingswood
Fri Nov 27, 2020 4:46 pm
Forum: Non-US Investing
Topic: Vanguard closing its European factor funds
Replies: 20
Views: 2790

Re: Vanguard closing its European factor funds

The Indexes they based their factor funds were actually trash. If they underperform with momentum in momentum market, there is really an issue.
by Kingswood
Fri Nov 27, 2020 4:13 pm
Forum: Non-US Investing
Topic: Brexit planning - LSE exchange and 20k IBLUX migration protection
Replies: 3
Views: 566

Re: Brexit planning - LSE exchange and 20k IBLUX migration protection

well, this is actually common practice. unless you are really large shareholder with concentrated position in company, you will most probably not bother to take care to handle with depository (at least in countries where this is even possible), therefor there are numerous custodians around the globe...
by Kingswood
Mon Nov 23, 2020 7:24 am
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Re: Europe - personal portfolio review request

@Glorat: sure, your changes are correct, with one notice from ym side. Factors are not new idea. They were first published in 1993. MSCI indexes I referred too were established in around 2005. Except value and small, which is actually really heaving a trouble and there is a debate if the value margi...
by Kingswood
Sun Nov 22, 2020 6:19 pm
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

I do not get your point, can you explain more? First oil industry (traditional energy sector) is definitely not replaceable by home roof solar panels only, not even closely. Majority of electricity for EV will still be produced by large power plants where Teslas share will be 0, as it is retail comp...
by Kingswood
Sun Nov 22, 2020 3:52 pm
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Re: Europe - personal portfolio review request

@Valuethinker - thank you very much for long answers and tips for literature! Very much appreciated. I understand your points on factors and I still see factors as OK-ish solution. If J. Bogle was correct and factors are zero sum game, than gross return is on broad market level and I will lose 0,15%...
by Kingswood
Sat Nov 21, 2020 5:34 pm
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Re: Europe - personal portfolio review request

As for crypto - I suppose this would be really long debate which does not make much sense here. I understand the risks, I see potenial return and I think, they are linked well. There is actually nothing bad in regulating bitcoin. Stocks are regulated, gold is regulated, regulating bitcoin would incr...
by Kingswood
Sat Nov 21, 2020 4:48 pm
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Re: Europe - personal portfolio review request

Why to get rid of czech stocks? My expenses are in czech currency, so the income is important after conversion to czech currency. we have high value stocks here, currency is now undervalued as always during crisis (right after the crisis it weakened by 15% against EUR and 20% against USD and is slow...
by Kingswood
Fri Nov 20, 2020 3:12 pm
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

You basicly presented nothing new.Your calculations just show, that the stock is priced on 2028 levels of car production,given the premise, that your share wont be diluted by issuing new stock. Apart from that - exponential growth works well with the low numbers (so its possible for small and mid ca...
by Kingswood
Fri Nov 20, 2020 11:42 am
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Re: Europe - personal portfolio review request

thank you for reply guys. as for the questions: reasons why factors instead of full market etf: Factors are (based on the research) outeprforming the all market funds due to capturing smart beta margin. Momentum is doing the best returns with highest volatility and is especiallygood for growth cycle...
by Kingswood
Fri Nov 20, 2020 8:03 am
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1427

Europe - personal portfolio review request

Dear all, as I quite value the opinion of a lot of long term users here, I would like to kinldy ask you for help with the review of my forming portfolio with context of my personal situation and possible issues I am missing with my investments or ways, how to do the asset allocation better. Personal...
by Kingswood
Wed Nov 18, 2020 10:32 am
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

Realistically Diversification is only good if you don't know what you are doing. The pros like fund managers do this diversification even though they have degrees in finance and their entire job is to pick stocks and in the end they under-perform the index because they end up diluting their best id...
by Kingswood
Wed Nov 18, 2020 9:44 am
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

Realistically Diversification is only good if you don't know what you are doing. The pros like fund managers do this diversification even though they have degrees in finance and their entire job is to pick stocks and in the end they under-perform the index because they end up diluting their best id...
by Kingswood
Wed Nov 18, 2020 9:38 am
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

If you want to buy future FAANG, than you have to look on companies, which are mid or small cap, not in top 10 of US SP500. And unless you are very lucky or you have a crystal ball, you will most probably not be able to indentify next FAANG. I am well aware of Cathy Wood and her ARK funds, but if yo...
by Kingswood
Wed Nov 18, 2020 9:11 am
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

Diversification is King. You are overconfident in tech industry and you have leveraged specific risk in tech industry, also your income is sourced from tech industry. Where is you diversification please? How will your life change, if Europe enters into deflationary environment same as in Japan since...
by Kingswood
Wed Nov 18, 2020 8:43 am
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 188
Views: 20804

Re: I took a 10yr loan to buy TSLA shares [Austria]

I am 32, so definitively not higher age than OP, I am from Czech, so nearby with similar conditions. I am employed in private equity as financial analyst. And Mister, your wake up call will hurt badly. You absolutely ignored any risk diversification and to top of that, you bet on the company with no...
by Kingswood
Tue Sep 08, 2020 3:16 pm
Forum: Non-US Investing
Topic: hedging of local currency
Replies: 15
Views: 890

Re: hedging of local currency

thanks, this is actually good point to orient according to interest rate and inflation.
Buying low selling high is the question of timing market. I just buy when I have funds.
by Kingswood
Tue Sep 08, 2020 10:48 am
Forum: Investing - Theory, News & General
Topic: Factor Investing question
Replies: 13
Views: 626

Re: Factor Investing question

I am not bought on other factors than momentum and value. Especially not small cap, as it includes higher fees as you mentioned - I am strictly discussing momentum and value. As for fees: MSCI World Momentum and Value are both traded on Xetra through iShares with 0,3% TER each, while MSCI World has...
by Kingswood
Tue Sep 08, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: Factor Investing question
Replies: 13
Views: 626

Re: Factor Investing question

I am not bought on other factors than momentum and value. Especially not small cap, as it includes higher fees as you mentioned - I am strictly discussing momentum and value. As for fees: MSCI World Momentum and Value are both traded on Xetra through iShares with 0,3% TER each, while MSCI World has ...
by Kingswood
Tue Sep 08, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: Factor Investing question
Replies: 13
Views: 626

Factor Investing question

I have idea regarding factor investing: My idea is to have Developed countries equity portfolio split between 2 factor indexes instead of plain msci world. From factors itself, I see as momentum and value as the ideal pair - they have opposite fundaments, both have historically long term meaningful ...
by Kingswood
Mon Sep 07, 2020 2:54 pm
Forum: Non-US Investing
Topic: hedging of local currency
Replies: 15
Views: 890

Re: hedging of local currency

Thank you for the answers and for the compliments to our country :) The point unfortunately is, that I expect stronger koruna in future, not weaker. Also, I am not sure, that EUR survives 10+ years in current form (southern countries debt is real threat to monetary union in my eyes) and I am not sur...
by Kingswood
Sun Sep 06, 2020 6:30 pm
Forum: Non-US Investing
Topic: hedging of local currency
Replies: 15
Views: 890

hedging of local currency

I have one very specific question on the strategy for my investments. I am from Czech republic, EU, and my country has its own currency - czech koruna - on free floated fx rate. As the country is european emerging market, during the recessions like this one, the local currency weakens against euro a...
by Kingswood
Fri Sep 04, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 24140

Re: Winklevoss: The Case for $500,000 Bitcoin

Its a matter of wallet actually. That gives you access to all public addresses related to one private key. It can cost you more on transaction fees, however if you do not need to send a large sum at once (larger than what would be OK to have on one address), than it is not an issue. In the other sce...
by Kingswood
Fri Sep 04, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 24140

Re: Winklevoss: The Case for $500,000 Bitcoin

You do not have to, but you can (and should). To be honest, there is no chance to remember the address, so you have to copy it and send. Most wallets generate new public key each time you click/tap on receive button to copy your address to pc/mobile memory.
by Kingswood
Fri Sep 04, 2020 5:18 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 24140

Re: Winklevoss: The Case for $500,000 Bitcoin

My first post here :) A lot of information here is misleading or totally wrong, usually because person talking about bitcoin is not activelly using it and backs his opinion on something, what he read on internet... I have another big concern with bitcoin and that is personal safety... Each bitcoin w...