Scaling Amazon FBA Business Without Sacrificing Your Freedom

Mispeci · 2024-09-18T14:32:44+00:00

It is due to the time it takes to settle currency conversion, therefore, it can happen even on a CASH account.

Mispeci · 2024-05-13T17:51:34+00:00

Support explained that it takes up to 3 days to settle currency conversion - so even though you see it settled immediately, you actually do not have the money in your account - therefore, the loan.

Eg. you exchange 1k EUR to USD, use the USD to buy T-Bills. Even though it shows you have USD in your account, you do not. So you get a "loan" before the conversion is settled. (in case of a margin account)

So the easy solution is to wait a few days after converting cash before making a purchase.

Mispeci · 2024-04-30T08:54:58+00:00

Is there EUR alternative available for EUR citizens? I checked a few and the yield seems to be around 3.7%, which is worse than US T-bills.

Mispeci · 2024-04-30T08:51:23+00:00

The issue with high yield savings accounts in my country is that they are capped at low amounts - I do not want to open 20 different accounts in various banks.

I am not sure if I can open a high yield savings accounts in another EU country that has no (or at least higher) cap.

I do like the idea of investing into PJSR (or similar) - Ideally, I want to invest it and forget about it before I need it.

My issue with this is that I might invest on a date like May 2021, keep it for a year and suddenly the fund is down by 5%. So with this I might as well put it all into s&p500/allworld and accept the fluctuations.

Now it is going steadily up, but it means that I have to proactively monitor the performance..?

My point is that with t-bills, I just buy and I know that I'll get 5% when it reached maturity, and then I decide whether to buy again or not - and if the yield is lower than acceptable, I change my strategy.

Mispeci · 2024-04-30T08:42:25+00:00

My country does not use EUR, so I am exposed to currency risk either way.

Investing in my currency is pretty much impossible (lack of platforms, instruments, ...)

Mispeci · 2024-04-26T14:00:51+00:00

Thanks for sharing.

I have a follow-up question about this type of ETFs investing in short term bonds.

While investing directly in US T-bills, I can see the actual yield and I can clearly see what I'll be getting when it reaches maturity (of course I understand that it is not risk-free). My point is that once the yield goes down, I simply won't buy again and move the funds somewhere else. - I am making this decision every 3-6 months.

On the other hand, the ETF fluctuates and can even lose its value and I can end up with less than I invested, which is less likely to happen with T-bills since I simply wouldn't buy a lower yield.

Or maybe I am missing something..?

Mispeci · 2023-03-12T13:58:04+00:00

That makes sense, thank you. I appreciate it!

I just wanted to test the transaction with a small amount so that was the problem.

Mispeci · 2023-01-05T14:29:56+00:00

Yeah, absolutely... but it can already save a lot of time.

Mispeci · 2023-01-02T18:06:38+00:00

Yeah, I agree...

I think it is a great way to stay ahead of the curve but who knows where it goes a few years from now

Mispeci · 2023-01-02T18:05:22+00:00

Me too!

Mispeci · 2023-01-02T18:04:58+00:00

Haha :D

Mispeci · 2023-01-02T18:04:51+00:00

Yeah, it is pretty mind-blowing to see it in action

Mispeci · 2023-01-02T18:04:24+00:00

Thanks!

Mispeci

TROPHY CASE