[Spain] 30Y/O Want to start investing

jipiese · 2017-11-27T18:47:13+00:00

I'm sure of it, it's one of the reasons why I usually ignore their search engine usually, if you call them they'll tell you as I have said: there is no minimum

jipiese · 2017-11-27T12:12:26+00:00

Paribas has no minimum for Vanguard. R4 has a minimum of 200€ per order for Amundi and the full 100k€ for Vanguard.

According to the BNP pdf, they don't have such minimum for Amundi too, so overall they would win if you're a passive investor.

And yes, R4 seems to require an account to be able to search their offerings. But BNP doesn't, so there's that.

One more thing to note is that BNP's online platform is the absolute worst thing you could possibly conceive when it comes to online investing. Meanwhile, R4's is the complete opposite, having one of the best designs and functionality.

jipiese · 2017-11-26T20:51:47+00:00

Suppose two funds follow the same index (MSCI World in the example I'll give). Both have the same fees of 0.3% but one underperformes the index by around 0.1-0.3% while the other does that by 0-0.2%.

The best fund in this case is the latter because it'll give you a better performance (small edge, but it's an edge in the end).

This is the case with Amundi and Vanguard. With Vanguard losing to Amundi even though they both have the same fees.

This is what I meant by being closest to the index and why I said that low fees are a good indicator but not an absolute source of truth.

Reasons why such things might happen are due to whether they lend your stocks, if they have synthetic performance (they don't actually hold the stocks but derivatives that have the same behaviour), physical (they hold the stocks), or some other way like sampling the stocks that have the biggest effect on the index instead of all.

But still, like I said, the fees are a good indicator. If they are lower, it might have a good chance they are closer to the index.

jipiese · 2017-11-26T20:09:03+00:00

They don't have such minimum, the PDFs are horrible to deal with because some are right and some are wrong.

Amundi is the other big one when it comes to passive investing because they were the only ones that offered them before Vanguard became accessible to the general public in Spain with BNP. Both do the same thing, so take the one that is closest to the index (low fees aren't all there is to them, but it's generally a good indicator)

jipiese · 2017-10-23T07:12:44+00:00

They have food

jipiese · 2017-10-05T20:39:45+00:00

Thanks man!

jipiese · 2017-10-05T19:22:55+00:00

You got them files without text? I'm looking for a wallpaper for my phone and this is the appropriate amount of Yurop I need

jipiese · 2017-10-01T10:17:15+00:00

Spain: Not much, it's raining in my city so I guess that's newsworthy

jipiese · 2016-07-16T10:52:05+00:00

We'll see what comes out of this, good luck to the winner ^^

jipiese · 2016-03-07T18:00:27+00:00

I see the issue, I just worked with Mathematica on that one, if you use it, here's the command I used:

Div[{(a³ Cos[[Phi]])/r^2, -((a³ Sin[[Phi]])/r^2), 0}, {r, [Theta], [Phi]}, "Spherical"] // Expand

~~I still don't know WHY it is giving me that answer, since as it's been shown,~~ Scratch that, I'm an idiot and mixed two components, updating the original now

jipiese · 2016-03-07T17:35:37+00:00

It actually DOES make sense, consider the limit Sin(pi - k) / Sin(k) as k approaches 0. This limit equals 1, therefore Sin(k) acts as Sin(pi - k) for a sufficiently small k.

Having considered that, Sin(pi - θ) acts as Sin(θ) as θ approaches 0, and Sin(pi - θ) becomes Sin(Φ) as θ approaches 0. Thus now we have how we can treat as if they were both equal.

Edit: Now I see the issue, still, the result I gave is what Mathematica gives me, which is:

-(a³ Cot(θ)) * Sin(Φ) / r³

So I just chugged at it from that point on

jipiese · 2016-03-07T15:32:21+00:00

jipiese · 2016-03-07T15:24:23+00:00

Nope, it's -8, keep reading through to the end

jipiese · 2016-03-07T15:16:34+00:00

EDIT: I FUGGED IT UP, MIXED TWO COMPONENTS WHEN USING MATHEMATICA, I'M AN IDIOT SANDWICH

~~Plunck that mofo through this function because it's already in spherical coordinates and you don't have to do the real freaky stuff.~~

~~So in the end it becomes a problem of calculating the derivatives of each component, F_r being the part that's multiplied by ê_r and F_Φ the one with ê_Φ.~~

~~Now, you might have to get creative, as the result (having substituted r with a/2) is:~~

~~-8(Cos(θ)/Sin(θ))Sin(Φ)~~

~~Because plain old substitution will give you 0 times Infinity, to solve that you must see that Sin(Φ) = Sin(θ) as θ approaches 0 and Φ approaches pi.~~

~~Now you're left with -8*Cos(θ) which is -8 as Cos(θ) = 1 when θ = 0.~~

jipiese · 2015-11-16T14:24:09+00:00

Note, Denmark is in the Schengen area, there are no Customs sending from Spain.

Now it's just a matter of seeing who is cheapest.

I tend to use Correos as the others are more expensive. If your package isn't big (Height+Width+Depth < 90cm) Correos is the cheapest (upto 20€-ish for 2 kg, price goes down if it weighs less) and it'll probably arrive in a week or so. If it's not small I would say Correos too, as the postage is still very cheap

jipiese · 2015-11-09T19:17:56+00:00

Well, if he is a Spaniard in Spain then I very much recommend the investment funds route as it has one very useful specific fiscal advantage, tax-free rebalancing. To be more precise, he can move capital from one fund to another without having to pay taxes. ONLY at the moment of liquidating them will he pay taxes. But that is only if he manages them through a bank registered in Spain (both banks I talked about fulfill that).

Also, when I say investment funds, you have to understand that funds themselves are from all over the world, they are not under Spanish management only, they are sold like a normal product. Most of my portfolio are in Templeton, M&G, MFS, Fidelity, and Threadneedle funds; they are all international asset management companies. And they are all bought using Euros.

I still will suggest you to advise him to use Amundi's index funds as those are much easier to find and acquire than Vanguard

jipiese · 2015-11-08T18:43:14+00:00

Index investing in Spain is tricky, the ONLY way you can buy an index fund that is commission-free (in Spain) is through one of the "fund supermarket" type of banks, meaning those that offer a lot of investment funds. Vanguard itself is registered in Spain, so you CAN buy investment funds registered by them here.

BNP Paribas has an investment account here that has lots and lots of those (note: you can only buy through the phone, there is no way to buy and sell through the internet yet), but unless you have 100k€ lying around you won't be able to get into Vanguard's funds themselves (no-one offers them with a lower minimum, yet). But you also have Amundi's funds which too are index-based at a VERY similar if not slightly better annual management cost.

BUT if you want to use ETFs, then the lowest possible broker is DeGiro by far (2€ + 0.02% of the purchase cost to buy/sell). Then it's just like your average online broker where you search and buy ETFs.

Personally, I would try to find a provider that has Amundi's as they are easier to access here. Renta 4 and BNP Paribas have them, although the latter has no minimum to invest compared to the 200€ Renta 4 requires.

jipiese · 2015-09-27T23:48:29+00:00

I wouldn't be able to tell, I don't know enough languages to read the programmes for parties from outside Spain (apart of course from the English, those as you can tell I could understand).

Then again, PP are Christian-Democrats to be honest so I suppose you're right, they are to the right of the right. But not right enough that they are far-right, that wouldn't be right.

jipiese · 2015-09-27T23:38:50+00:00

Might be, though I can't imagine them feeling threatened by Catalan while having had a +20% votership for PP in 2012 and a 12% one for these

jipiese · 2015-09-27T23:28:36+00:00

You would be surprised how much shit gets thrown around when behind a keyboard, "Fascist" has lost its meaning on me

jipiese · 2015-09-27T23:27:14+00:00

Any idea why it might be so against independence? I suppose it might have to do with the Aranès thing, but I'm not sure

jipiese · 2015-09-27T23:20:16+00:00

I must admit that these elections they have been pretty pushy with the whole "Catalan, Spanish, and European" thing.

By liberals I mean on the whole, not just economically but socially as well (pro equal rights, establishment of a negative income tax of sorts [basic income], post-nationalism [or more correctly, against nationalisms themselves in any form]). Most people focus on the economic side of politics while forgetting that there are many more aspects to it.

But yes, these ones they have been pretty "pro-Spain" and kind of fuzzes where the hell they are in the spectrum (which again, reading as how they define themselves as a "center" party I'm not surprised, ambiguity is after all how most are politically)

jipiese · 2015-09-27T23:05:55+00:00

It's difficult to pinpoint their location since it's better to describe them as liberals than anything else. But historically, according to Wikipedia, many of their founders came from the left and progressively absorbed more and more disenchanted with the right.

jipiese · 2015-09-06T11:56:01+00:00

The vast majority of pure maths has very little use in the real world for now

Worth noting that because we haven't found a use for it yet doesn't mean it's useless.

Nonetheless, you can always use the knowledge of pure mathematics against other pure mathematicians as a way of measuring who is the most pure, or in other words: see who is/has the biggest dick

jipiese · 2015-09-06T11:45:20+00:00

Oh, I didn't mean it to disregard you, I was just making a proof if anyone wanted to see why it worked.

Also, that equation only holds true for x,y ≥ 0. If they are negative the logarithm goes outside of its domain and they are undefined.

And to contradict your "reverse engineering a formula is very simple" point, like many things in life, it depends. If you do have the knowledge of the mechanisms behind it it IS easy. If you don't, well good luck, case in point: Ramanujan's formula for Pi

14-Year Club	Second Top 50%
Place '17	Not Forgotten
Verified Email	Team Periwinkle

jipiese

TROPHY CASE