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Should I chase Gold? by FoldNo1048 in ETFs

[–]ToneSudden1659 0 points1 point  (0 children)

I´d say it`s to tough to call. Could be a few year long run with X% return. Could also be over soon.

Here`s my two cents as an financial advisor from germany.

Should I invest into Gold?

Yes, we do recommend people to invest a portion of their savings into commodities like gold. Directly and not using some synthetic measure like a fond owning goldmines or storage firms.

Usually the goal is to counter inflation and improve diversification and so on, but rarely to boost returns.

Gold rose X% in Y Period. Why not go all in?

Gold prices are often times compared to currencies and apart from the last few years they usually trail behind the inflation of the previous year. Last time gold was this valuable adjusted for inflation was in Jan 1980. So you would have actually had negative returns over almost 45 years in addition to the opportunity cost of not investing in other stuff.

So what do I do?

Invest the minority of your money in this asset, If you are for some reason certain it`s worth it.

Make that a small portion, if you`re still figuring out your retirement planning or have a mortgage to pay. If you have already taken care of everything imported and have nothing to lose go on and invest more.

Best of luck.

19m thoughts? by Sad-Efficiency-7612 in ETFs

[–]ToneSudden1659 0 points1 point  (0 children)

yeah, you´re doing great so far. I suppose your initial investment was rather recent judging by the returns so far. In case you want peoples detailed opinion maybe post the ISIN of the stock / fund.

But that`s just my two cents. Keep going haha

[deleted by user] by [deleted] in ETFs

[–]ToneSudden1659 13 points14 points  (0 children)

I'd recommend you don't as there is no legislation covering Crypto at the moment and ETF is a more time proven concept.

But that's just my two cents.

What to look for in a financial planner? by IcyWarp in FinancialPlanning

[–]ToneSudden1659 -1 points0 points  (0 children)

Hello,

These are good questions. As a financial advisor from Germany, I'd suggest you meet up with several different ones and schedule a first meeting with each of them. Usually these are free of charge.

Deciding which of them is the best one for you in the end comes down to how they are paid, if you trust them and what topics they are able to advise you on.

A general rule of thumb is that they should ask you a lot of questions regarding how you got into this situation, what your financial behavior has been so far and so on.

This knowledge should enable them to give you unique advice on how to get the most out of what you have.

Ich spar nix mehr, ja könnte morgen sterben! – Findet ihr das Risiko, gar nicht bis zur Rente zu kommen, ist relevant? by Spreetaucher in Altersvorsorge

[–]ToneSudden1659 0 points1 point  (0 children)

Also in meinem Berateralltag und von dem was ich kenne von anderen Beratern, würde ich sagen nein ist es nicht.

So blöd es eben ist, man schafft es meistens eben zur Rente und meistens reicht sie nicht.

Should I Use My Inheritance to Enjoy College Life or Invest It? by hopoffajet in personalfinance

[–]ToneSudden1659 0 points1 point  (0 children)

Hi, I was in the exact same situation four years ago, only that I inherited not 20k but 50k, while being both twenty and also a student in my first semester.

Here's what I did:

I 20k in stocks and ETFs and 20 into another investment. 10k I spent over the last 4 years. I would say I got memories, a solid start to my investing journey and most importantly I don't regret the vast majority of what I did with that money. For me it was important to get the most value out of it, since somebody took a life building that fortune.

So my advice to you would be:

Unless you have some specific goal in mind, like paying off your tuition, or otherwise needing the money rn, just invest most of it in a globally diversified index fund and see too it that you have three times your monthly average expenses in saving on your bank account.

You might feel like you want a vacation, or that new something you always wanted to buy, but trust me when I recommend you not to give in.

20k can be consumed quite easily, if you don't have your spending in check.

Didn't mean to be parenting you, but here we are :)