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Off topic & small talk: What's wrong with the market economy? (Page 2)

Topic created on 20th Dec. 2018 | Page: 2 of 2 | Answers: 14 | Views: 2,900
Slothot
Amateur

What's wrong with the market economy?

20th Dec. 2018, at 12:45 pm CET#11
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I can agree with that. A long breath is required. Strategy is not so relevant for etf products. With individual shares more so

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Tropper
Top Member

What's wrong with the market economy?

20th Dec. 2018, at 02:24 pm CET#12
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WinMuel wrote on 12/20/2018 at 11:17 am: Haha, can I ask how old are you?

So honestly...you always assume " If the upswing comes from the ETF, it could be... ". Wrong approach! Run all scenarios and calculate expected value...easy!

ETFs may be "safer" than individual stocks...but let's face it. I work in the industry and have seen a thousand people come and go. From embezzled funds to bankruptcies that were deliberate. You are the small player at the bottom of the food chain and the last in the information chain. Everyone is happy when you "invest", the bank/broker for the transaction costs alone

For people like you and me, the stock market is just like Roulette, some think they can tear with strategies and chart technique what...while insiders and boards of directors on this stupidity one w*chsen.

".. but that Apple goes insolvent and the stock is at 0, I hardly believe" ...yes you do. Just as almost everyone believed in the case of giant furniture companies (Steinhoff) --> balance sheet fraud, etc.. From 6€ to 9ct. although there are assets without end which are in my opinion far above the current market valuation. But who shifted what back and forth will never be revealed.

I do not want to take away your courage now, just share my opinion.

Why can't you save for a pension with OCs? Calculation question or operate your own...

You are already very direct, if I may say so. I am now (unfortunately) 31 years old.

I referred to the 28% return because it was pure fiction.

I am currently on - 11% return in the year, with inflation it would be over -13%.
I don't understand why you are attacking me so much, big companies are just doing much better but there are always outliers.
My ETF has returned over 100% in the last few years (2006 to present).

If you keep calm and follow through, chances are you will be above inflation overall in the next few years + you will get returns.

When I find a real job with a good salary I definitely want to increase my savings plan, to 100€ or more. Let's see...
Also, I have my ETF from Ebase (finvesto), so not from a "savings bank".

With the ETF I have until April next year no transaction costs or order costs, even otherwise I would have to pay 0.02% of the volume. So this ETF is relatively cheap.

By the way, my account was not opened by a "financial service provider" like MLP or Tecis, or ASI or whatever but I have registered myself to have no "middlemen" who collect additional "commissions". I do not do LV or anything else.

Of course "finvesto" gets money through the order fees (as well as annually for the deposit) as with any other broker, but at least I have no bank or consultant behind it.

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Slothot
Amateur

What's wrong with the market economy?

20th Dec. 2018, at 02:36 pm CET#13
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The xtrackers are currently available at consors with no execution fee until 2022 and the securities account is free of charge...

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WinMuel
Rookie

What's wrong with the market economy?

20th Dec. 2018, at 03:01 pm CET#14
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Don't get me wrong, I don't want to attack you, I think it's good that you take it in hand. I just mean that the worst thing is the thing with the Dispo...

" big companies are doing much better"...is nonsense. Since I assume that you are studying something in the direction of finance, read some financial statements of big companies and think about how cleverly you can let a badly running business live on the drip for years (keyword window dressing / sale and lease back etc.). Latest example: Air Berlin...Butlers...Solarworld...alno etc.

In the case of funds, you should also take a close look at the TOCs.

"If you keep calm and go through with it, chances are you'll be above inflation overall in the next few years + you'll get returns." ... many back then before DotCom also said.

What's so bad about having a "bank behind it", see it more as an advantage. Regulation, accounting etc. Besides finvesto is a subsidiary of comdirect...by the way

I don't want to take the fun out of it, but to think that the chances are great to earn an excess return is simply the rose-colored glasses. The chance is just as high to lose in the same situation. It remains standard gambling like Roulette, only so complicated that some think you can earn an excess return with skill. The variables are simply too numerous.

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Tropper
Top Member

What's wrong with the market economy?

20th Dec. 2018, at 03:38 pm CET#15
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I studied business administration with a focus on marketing, but only touched on finance, and my final thesis contains parts of finance. I know that you can partially "embellish" financial statements. That's why I decided for an ETF .
Finvesto is a subsidiary of Ebase, when I log in I am redirected to ebase and I have talked to them several times on the phone and they told me.
Is it possible that ebase belongs to comdirect?

The with xtrackers I did not know, well unfortunately too late ^^.


"About finvesto

finvesto is a brand of the European Bank for Financial Services GmbH (ebase®). And the high-performance partner for asset investment with funds and ETFs."
Source: https://www.finvesto.de/ueber-uns/

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