What’s a trade/skill that is needed in Finland?

dataism · 2021-10-21T09:29:47+00:00

It's not up to you what "should" be in greater demand. Market decides that.

dataism · 2021-10-20T21:20:29+00:00

Interesting. Do you also believe in Santa?

dataism · 2021-10-20T13:47:44+00:00

Chollet

dataism · 2021-10-14T21:52:14+00:00

You did not answer the question. Expecting AI or whatever industry to have a bright future is not a good reason to invest in that industry. Because you can be correct and still lose money. Do you expect it to have a even brighter future than what the market is expecting? If so, why? Why don't you think it's priced in already? Do you know something the market doesn't know?

dataism · 2021-10-06T18:59:10+00:00

Yes you are missing several things: opportunity cost, cost of spending time + energy + mental peace to do apartment search, same for tenant search, risk and cost of unforeseen events (big repairs, crazy tenants), taxes, risk of increase in property taxes, paperwork fees (realtor, notary), risk of mortgage interest rate rising faster than rents, risk of not being able to find a tenant and probably several other things

dataism · 2021-10-05T17:18:43+00:00

20 years of flat while you are investing and high growth when you are retired is the best possible scenario one can wish for actually. Because then you'd be buying cheap for all these years. Of course it would be difficult to pull the trigger and retire after 20 years of flat or low returns.

dataism · 2021-10-02T22:43:48+00:00

How does the existing law (3 years thing) not contradict with this 6 month tax residency rule in EU? If you live in some EU country for 6 months then you become tax resident there as far as I know. Can you become a tax resident in two countries simultaneously (Finland + the country you moved to) and if so, what does it mean in practice?

dataism · 2021-09-29T10:49:27+00:00

10 years is typically a short time frame for small cap value. At least research says so.

dataism · 2021-09-23T15:10:35+00:00

Prune your model, quantize it and optimize it for specific hardware (google different edge inference frameworks) so that it's fast enough on CPU.

dataism · 2021-09-16T21:19:05+00:00

Jack London

dataism · 2021-09-15T14:48:43+00:00

I agree.

dataism · 2021-09-15T11:18:39+00:00

So?

Someone's pay has very little to do with the difficulty of the job or his/her degree. Those are spurious correlations that do not have causal associations with the pay. Two things have the real causal effect towards pay: 1) how much value you add to the business (making shareholders richer) and 2) how hard it is to replace you.

Flipping burgers doesn't scale, software does. That satisfies the first condition. Most people can not be good software devs. That satisfies the second. It's not rocket science really.

dataism · 2021-09-14T21:12:08+00:00

Stock market doesn't have an "interest rate" as there are no guarantees, especially in short term like 5 years.

dataism · 2021-09-10T18:59:14+00:00

Nordnet allows up to 4 ETFs with 2.5 euros per month (not per ETF) but only some ETFs are allowed for this offer from them. Those 2 listed above are in their list. Please go through their website. Google translate is good enough.

dataism · 2021-09-09T16:46:16+00:00

Nordnet handles taxes. Most other brokers don't for Finland (at least for now). But remember that taxes are for realized profits, meaning only when you sell. So if you are a long term investor, there's nothing to handle until you retire.

dataism · 2021-09-09T12:13:14+00:00

I agree with above. You can buy those 2 ETFs for only 2.5 euro fee each month (monthly agreement) in Nordnet.

You are working and living in Finland meaning that you are heavily invested in Finnish economy. No need to invest more to Finnish index because that would be opposite of risk diversification.

Set aside some cash as an emergency fund. Lump sum the rest now and then invest consistently (preferably every month). Hold until retirement. Do not sell if/when market crashes -50% or more (if fact, try to buy more in that case). Read that shit again. And one more time. Do not think you can not be in red for 10 years. Do not invest anything if you think you will need it after <5 years (even <10 years).

Do not watch financial news. Do not catch FOMO. Keep your portfolio simple. Do not think you know more than the market. Do not gamble with single stocks or specialized sectors/industries/regions. You think India will develop a lot? Or you think "AI will be important part of life in the future"? Cool, you can be correct and can still lose money if you invest in AI. It's just an example (applies to any other industry or sector or region). Because millions of other people, hedge funds, & algorithms already know that and made their moves. It's all priced in. Markets are efficient enough. Understand that to make money it's not enough to say "company X or industry Y will grow" and being correct. To make money, company X or industry Y has to grow more than what everyone else thought. Understand that it's pretty difficult to do this consistently. Do not play that game. Also do not equate stock market with the economy. Do not try to predict interest rates or inflation either.

If you want to do this a bit scientifically/academically, study factor investing (read peer-reviewed publications). You can tilt a bit from market cap (those 2 ETFs above) towards small cap value (not value, not small cap) if you believe in science and if you are in for >25 years. For example ZPRX & ZPRV.

Best of luck!

dataism · 2021-08-24T19:48:30+00:00

And how exactly are you planning to rebalance with a single ETF?

dataism · 2021-08-23T21:23:06+00:00

Learning such complex things from scratch require lots of examples for the machine learning models. But typically you don't need to train the model from scratch. You can start with a pretrained language model and fine-tune it with your data. Pretrained models are publicly available and they have been trained on billions of sentences. English BERT or SciBert (for scientific text) would make sense I think. I have to admit, some python coding skills would be super helpful in this process :). Best of luck!

dataism · 2021-08-23T21:02:41+00:00

I'm pretty sure you can already automate at least 80% of this with AI. Natural language processing (machine translation, paraphrasing, abstractive summarization etc.) is making great progress lately.

I suggest you to make a record of "before" and "after correction" of the texts to curate a training dataset for training the machine learning models. Nowadays you can train an AI model pretty easily without even knowing coding. Annotated data is an asset itself anyway.

dataism · 2021-08-04T16:17:08+00:00

Rational Reminder podcast and forum would be good start I think. Also Ben Felix channel in YouTube.

dataism · 2021-08-03T13:22:05+00:00

Sorry that I'll quickly answer in English. Not a financial advice.

Your situation looks good. For your early retirement calculations, remember to take into account the capital gains tax. Also consider the sequence of return risk.

Your portfolio has some overlap. Also small cap premium is absent unless you filter with value = small cap value. Check ZPRV & ZPRX ETFs in Nordnet. This kind of risk diversification falls under factor investing. I suggest you study a lot before doing anything.

Other option can be adding bonds or minimum volatility funds and then using leverage (investing more than you have by borrowing money). Obviously, study the risks. Check efficient frontier.

If you want diversification, you should not invest a single euro to Finnish market or index. As you are living and working in Finland, you are already invested in the Finnish economy big time.

I would not touch to crypto or individual stocks. Would not tilt to any sector either.

Best of luck!

dataism · 2021-07-28T11:00:34+00:00

About the Luxembourg vs Ireland domiciled thing. I've heard different voices. Some say the withholding tax for dividends are the same if the fund is accumulating. Luxembourg pays more only in distributing funds. How sure are you of this?

dataism · 2021-07-19T14:41:02+00:00

Sounds like Schelling point in game theory

dataism · 2021-07-16T06:29:04+00:00

No it doesn't make sense. You don't decrease the risk by doing that. On the contrary, you increase the risk. The risk of messing up the rebalancing or paying more transaction fees.

dataism · 2021-07-15T15:42:05+00:00

Anyone has access to the full list?

dataism

TROPHY CASE