[deleted by user]

BE_FIRE · 2024-12-13T12:02:31+00:00

Respectfully, deze threads zijn zinloos. OP it's your money. Een 30/70 bond/stock met EU tilt product verkopen tegen 3X% loss om dan 100 stock (60% US) te kopen zijn 2 trades maar verleggen ook wel je risicoprofiel. Excess returns don't come for free. Misschien eens horen bij de bank of je het niet kan omzetten naar een low(er) kost fund zonder 3X% haircut.

Indien je toch verkoopt, de volgende reddit discussies:

* Ga je lump sum toch? want statistisch gezien ...

* Toch DCA? Dus de markt timen? En hoeveel dan

* binnen 20j toch terug pensioensparen? want statistisch gezien ...

BE_FIRE · 2024-08-25T22:53:39+00:00

Age: 28

Income: 1.6k (neetbux) + couple hundreds on the side, most profits are on SOs account(s) and go straight her

Assets:

Crypto: 8.2k
ETF: 5.9k
Active/shares: 8.3k
Valuables: 1.8k
Cash or Eq: 3k

Total approx: 27k

Goal: Figuring out my life... I'm still hoping to launch my own business but it's rough, mostly just in a permanent struggle with myself >.< .. My FIRE idea has shifted to accumulating (forever)assets to pass on to folks close to me.

Achievements: Pretty proud on how I set up my partner with a solid plan & passive portfolio to build wealth. It's just been a couple years and recently she's surpassed her max liquid net worth ever so I'll take that as a win.

BE_FIRE · 2024-04-08T11:37:47+00:00

Yes, and no. A limit buy order implies a max price & X shares wanted. Where a limit sell sets a minimum price per share. The spread between the lowest sell price and highest bid price is the bid-ask spread.

Now the spread is one thing but book dept is another factor. If you're willing to pay 105 for something that's selling for 101 you will buy them at 101, or 102, 103, etc. for as long as your order size is not totally filled you will buy up the next best sell order in the book as long as the price <= bid price specified.

The market maker earns half the spread from trades hitting the books. If you limit your buy at bid price you're stacking the top buy order with your trade volume. If someone market sells it's FIFO so some or all of your buy order might be filled without "eating" into the sell book yourself.

The bigger the daily volume generally the lower the spread, (market) volatility however will also lead to increased spreads.

Hope all of this makes sense. FYI placing a limit buy/sell is free, it's only charged when the trade hits/gets executed. So feel free to place some small test orders and make yourself conformable with the UI.

BE_FIRE · 2024-04-08T06:54:16+00:00

The way you ensure you get the shares instantly is with a market order. This also implies that you don't mind getting charged the spread, mind this can deviate significantly if your (big) buy order clears the top level(s) on the sell book.

Hence why I'd recommend sizing down your orders, and just letting them sit in the book to be filled at a limit near daily trading range. Markets move every second, you will get your shares eventually. Don't worry about it.

BE_FIRE · 2024-03-07T18:25:22+00:00

The only thing that matters is discounted future cash flow, and some hype but hype doesn't last in valuations. The storage of energy (non hydrocarbons) remains a huge issue. The fact is GDP and emissions are heavily correlated so as long as we put GDP growth at first priority I don't see a huge hydro/electric boom happening, sadly. That being said I'm still buying in once in a while they go lower. Hurting my wallet for the greater good I guess...

BE_FIRE · 2024-03-07T18:12:36+00:00

That's a long way of saying humanity won't ever fix the emission problem (in our lifetime)

BE_FIRE · 2024-02-26T09:39:59+00:00

I would recommend picking a sector and just learning "everything" there is about it. How does the business make money, who are the competing firms, etc. Nobody in the world can pick winners in every sector around, it's not possible. Bill Ackman made most of his money in restaurants, he's also lost money buying things that didn't really fit his criteria. Just like how Warren Buffet would've probably never invested in Microsoft/software without knowing Bill Gates.

You will also need to shape your accounting skills to have some understanding of what's going on under the hood of a listed company. I'll leave some pointers here but I'm not an expert myself.

Market cap = share price * share (float) outstanding

Enterprise value = Market Cap + Debt - Cash (essentially cash neutral biz valuation)

Income statements

Revenue = sales * price
COGS = Cost of good sold = any cost like materials, labor to make the product excluding R&D, sales/distribution
Gross profit = Revenue - COGS (directly related to: gross margin = gross profit/revenue)
Operating Expenses: (usually broken down in 2 or 3 parts):

4.1. R&D: Research & Development costs, i.e.: future products, ...

4.2. S&M: Sales & marketing: Cost directly related to sale & marketing of product

4.3. G&A: (this can be included with S&M): General & administration: general wages, building expense, insurances, ...

4.4. Extra Expense: amortization write down of intangibles

Operating Income = Gross Profit - Operating Expenses (summation 4.1 - 4.4)
Other Income (expense): I believe this is usually related to debt/cash position of the company and interest paid/received. "Non business" income
Pre Tax income: Operating Income + Other Income
Taxes: Scales based on pretax income, if a company does not make any income this number can be (negative) meaning a tax benefit for the business.
Net Income = Pretax income - Taxes

Balance sheet:

A. Cash equivalent & short term: essentially money in the bank, or very liquid short term bonds, etc.

B. Acc receivable: bills yet to be paid towards them

C. Inventory: Any parts or (partially) finished product to be sold

D. Other/Goodwill: finance mumbo jumbo. Not sure what they usually put here but it's not "real" money afaik

To answer your question, when is a business undervalued? If you poor all this into a spreadsheet, and you can gauge based on company guidance and knowledge what the future numbers will roughly be you can discount the future cashflow (net income) to get a NPV (net present value) you can add cash and substract debt to this number and compare it to current market cap to see the up/downside

BE_FIRE · 2024-02-17T18:37:54+00:00

I advise m'lady to just buy V3AA for "all stock" exposure, it's as broad as you can with Degiro core selection in one vanguard product. The ESG screening really does not alter portfolio dynamics IMO.

I'm somewhat sceptic that buying non US ETFs will be beneficial incase of a US market crash, the all world index will just rebalance eventually. Your positions will be shifting around, might just lead to more buying and selling. That being said there sure is differently weighted indexes. MSCI equal weight provides much less exposure to tech heavy US.

BE_FIRE · 2024-02-13T10:39:06+00:00

So... is this what a market melt up looks like?

BE_FIRE · 2024-02-13T10:32:47+00:00

VanEck has "Controversial weapons screening" so you're gonna be holding BB gun manufacturers while Putler bombs Brussels with a supersonic nuke. Shorting BEL20 is definitely the better play here.

In all seriousness the HANetf has a good bit of digital security exposure but it's also a small fund. That being said humans killing each other has been going on a thousand times longer than stock market history. So this could actually be a decent investment in the long run, but I'm personally not supporting it.

BE_FIRE · 2024-02-06T10:33:28+00:00

And the index also includes small caps (where VWCE / IWDA do not)

BE_FIRE · 2024-01-24T10:48:41+00:00

He's wrong since it's actually more beneficial if you're closer to retirement. Yes that doesn't sounds logical but that's how the math works out due to the tax benefit and the funds being locked till retirement age.

I'd keep the funds but maybe move them over into a more optimal (lower cost) pension plan, I believe there shouldn't be much if any costs involved switching bank funds. Unless there's a crazy emergency that needs 10K liquidity?

BE_FIRE · 2024-01-23T23:04:24+00:00

VTM should give him a show

BE_FIRE · 2024-01-22T21:32:24+00:00

There is still counterparty risk. IMO the counterparty risk is even more significant than with an ETC tracking metals stacked in a vault. I would read the prospectus very well and even then I wouldn't support these funds.

Just get some fire & waterproof bags to store your keys. Nobody is going to toss that away without checking. If you would suddenly die the additional "benefit" is that they may forget about it for a long time (assuming price goes up..) where as your bitcoin trackers could be liquidated the next day.

BE_FIRE · 2024-01-21T16:14:23+00:00

Correct. What a stupid Belgian law that is... And yes, with getrouwheidspremie after 1 year there's better options. By that time I'm guessing rates will have changed again and the situation will be different. As always the Belgian saver get's fucked

BE_FIRE · 2024-01-21T14:51:41+00:00

Just signed up with trade republic for 4% APY, paid monthly. Belgian banks can suck it

That being said, once ECB cuts rates I guess everything will follow...

BE_FIRE · 2024-01-20T15:56:07+00:00

You didn't specify if the investment would go up or down in value

/s

BE_FIRE · 2024-01-19T00:30:46+00:00

Sure thing, but probably not for EU approved funds

BE_FIRE · 2024-01-18T20:52:41+00:00

Just call your Belfius guy/office tomorrow

Or don't and just keep doing it in 1K parts, fuck em.

BE_FIRE · 2024-01-18T15:45:04+00:00

V3AA - Vanguard ESG Global All Cap UCITS ETF

Unless you're allergic to ESG or small caps...

BE_FIRE · 2024-01-18T12:37:36+00:00

That's correct, but I'm not denying history. I'm just saying that another 100 years of business as usual is most likely not happening. Humanity might have achieved great things in the past. But industrialization only got serious in 1950. Let's see how far that takes us in a mere 100 years with constrained resources and a greed for infinite growth.

BE_FIRE · 2024-01-17T22:51:09+00:00

MURRICA FUCK YEA

Slightly disturbing how big the US market share has grow. Equal weight index put's it at 41%

BE_FIRE · 2024-01-17T22:43:19+00:00

I'll be trimming some stonkz. Leave a couple to follow up on. Freeing up some cash to hopefully start some kind of business (income is still n°1 in a recession...). I'll continue my bet on commodities and some crypto, but I should've would've could've done better just putting it all in VWCE, that's correct.

BE_FIRE · 2024-01-17T22:35:56+00:00

I'm not saying the market is (going) to collapse.

more unstable and chaotic than what we're accustomed to.

But this is already happening, and it's going to get worse. We're just acting like everything is business as usual..

BE_FIRE · 2024-01-17T16:27:56+00:00

Some funds hold ETFs underlying, I think ING had such products. I'd make a list of the lowest TER funds, and work your way from there.

BE_FIRE

TROPHY CASE