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Zurich15325 Posts
On November 25 2020 10:04 KlaCkoN wrote:
What platforms/banks/brokers do euros here use for basic retirement/nest egg saving?
I am planning on moving back to Europe next summer after 10 years in the US and at least from what research I have done so far the infrastructure for grassroots savers seems woefully lacking.
I am not interested in day trading or whatever, I just want to be able to buy regularly buy indexfunds or broad index tracking ETFs for equities, government bonds and corporate bonds with no fees.
So far my searches mostly point me to small online-only brokers that almost feel like startups to me and I am very worried about trusting a startup with a significant fraction of my money. Is that unreasonable?
There doesnt seem to be any equivalents to Schwab or Vanguard?
Well, Europe isn't a country right? In Germany at least you can do your regular index fund saving for next to no fees at the broker of your choice, including big banks.
Now I am in Switzerland where everything banking is riddled with fees I am really not used to anymore. It seems cheaper to exchange my Swiss Franks to Euro and buy in Germany than buying directly here.
Also consider that Euro countries and neighbors like Sweden have deposit insurance in place for private savings up to 100000 Euro per broker.
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United States42568 Posts
On September 24 2020 02:10 KwarK wrote:
I bought 3,300 shares of GameStop on 7/16/20 at $3.81/share. They'd be worth $10.50/share if I still had them.
$19/share if I still had them.
Edit: $22/share
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When did you sell? Markets are really crazy at the moment with meme stocks like GameStop and Palantir going through the roof.
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United States42568 Posts
On December 23 2020 21:51 RvB wrote:
When did you sell? Markets are really crazy at the moment with meme stocks like GameStop and Palantir going through the roof.
August. Bought below $4, sold at $5. Feels like I had a winning lottery ticket and sold it for a dollar. I was buying it as a value stock investment a good two months before the meme took off.
I was posting about it in this topic while it was still $7.
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How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
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United States42568 Posts
On December 24 2020 03:56 pmh wrote:
How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
Valuation <> productivity
Cash is cheap right now which means valuations are up. It has nothing to do with any fundamentals relating to the economy, it's essentially no more real than adding a 0 to all the paper currency to push up the numbers.
I'm just happy to be mostly passively invested in indexes. If I had been trying to make "smart" plays I probably would have sat it all out. This year the market returns have exceeded my salary.
The real issue now is that I don't think the politicians can ever unwind the dependence they've established with the largecap companies. The stock market won't be allowed to slow down, even if it's just slowing down to a level that represents stable growth from a previously overinflated bubble. Trump has successfully managed to pump his way into extending the Obama boom another four years, deferring the long overdue recession, and I doubt Biden is interested in taking the blame for the end of the Trump pump so he'll just keep on printing.
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On December 24 2020 03:56 pmh wrote:
How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
Stocks only go up at this point.
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On December 24 2020 05:15 ShoCkeyy wrote:Show nested quote +On December 24 2020 03:56 pmh wrote:
How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
Stocks only go up at this point.
Yup I'm converted to this view as well by now.
They will probably blow up spectacularly at some point but then old school currencies are going down with them.
Explains the crypto hype at least. Still betting on bullion as the winning horse for the long term.
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Slightly worried about my Ali Baba position but Im willing to hold through any turberlance. I held through the trade war and watched my portfolio hit time lows. This time the chinese government is starting a probe into the company for anti-trust reasons. My position is a lot smaller than last time but Im contemplating if this is actually an opportunity to double down and lower my average. I personally think Jack Ma has the ability to wiggle out of any anti-trust suits mostly unscathed.
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On December 26 2020 17:44 kidcrash wrote:
Slightly worried about my Ali Baba position but Im willing to hold through any turberlance. I held through the trade war and watched my portfolio hit time lows. This time the chinese government is starting a probe into the company for anti-trust reasons. My position is a lot smaller than last time but Im contemplating if this is actually an opportunity to double down and lower my average. I personally think Jack Ma has the ability to wiggle out of any anti-trust suits mostly unscathed.
It peaked this October, trade war was 2019 mostly?
I don't average into losing positions ever but don't let that stop you if you think it's a good idea.
I'm very curious about the monday open as the pound sort of crashed yesterday (vs chf and usd). Sometimes it went hand in hand with corrections.
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On December 24 2020 05:15 ShoCkeyy wrote:Show nested quote +On December 24 2020 03:56 pmh wrote:
How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
Stocks only go up at this point.
The mass belief that X will only go up is the surest sign of a bubble that will pop.
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On December 26 2020 23:13 Dangermousecatdog wrote:Show nested quote +On December 24 2020 05:15 ShoCkeyy wrote:On December 24 2020 03:56 pmh wrote:
How the markets are still this high is beyond me. They should be 50% lower at the very minimum and probably even 75% or more.
Its similar to march,when the markets initially underestimated what was happening and took 2 weeks to react.
Stocks only go up at this point. The mass belief that X will only go up is the surest sign of a bubble that will pop.
Just like the dotcom bubble? It bursted, but look where we’re at now, all time highs... bubbles are to scare people into selling, while people just scoop up at cheap prices, and then it rises again. Stocks only go up mate.
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That's so much alternate reality I don't even know where to start. Mate.
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Ali Baba will be fine. It’s a behemoth. China just trying to show Ma they’re still in control. Suspect they’ll get a little more “patriotic” in the way tencent is.
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On December 31 2020 16:58 RowdierBob wrote:
Ali Baba will be fine. It’s a behemoth. China just trying to show Ma they’re still in control. Suspect they’ll get a little more “patriotic” in the way tencent is.
I wish I would have bought more on the dip but Ive been pretty conservative with my purchases since corona hit.
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On December 30 2020 02:05 Dangermousecatdog wrote:
That's so much alternate reality I don't even know where to start. Mate.
How so? You're going to tell me that the stock market isn't at an all time high and still not climbing? AMZN was suppose to "fail" during the dotcom bubble and is now one of the largest companies ever.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
The chart clearly shows it only goes up with a few dips here and there.
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United States42568 Posts
On January 01 2021 06:15 ShoCkeyy wrote:Show nested quote +On December 30 2020 02:05 Dangermousecatdog wrote:
That's so much alternate reality I don't even know where to start. Mate. How so? You're going to tell me that the stock market isn't at an all time high and still not climbing? AMZN was suppose to "fail" during the dotcom bubble and is now one of the largest companies ever. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chartThe chart clearly shows it only goes up with a few dips here and there.
KwarK will live forever.
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On January 01 2021 06:41 KwarK wrote:Show nested quote +On January 01 2021 06:15 ShoCkeyy wrote:On December 30 2020 02:05 Dangermousecatdog wrote:
That's so much alternate reality I don't even know where to start. Mate. How so? You're going to tell me that the stock market isn't at an all time high and still not climbing? AMZN was suppose to "fail" during the dotcom bubble and is now one of the largest companies ever. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chartThe chart clearly shows it only goes up with a few dips here and there. KwarK will live forever.
Yea your digital version. We’re connecting to the multivax soon.
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United States42568 Posts
On January 01 2021 13:03 ShoCkeyy wrote:Show nested quote +On January 01 2021 06:41 KwarK wrote:On January 01 2021 06:15 ShoCkeyy wrote:On December 30 2020 02:05 Dangermousecatdog wrote:
That's so much alternate reality I don't even know where to start. Mate. How so? You're going to tell me that the stock market isn't at an all time high and still not climbing? AMZN was suppose to "fail" during the dotcom bubble and is now one of the largest companies ever. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chartThe chart clearly shows it only goes up with a few dips here and there. KwarK will live forever. Yea your digital version. We’re connecting to the multivax soon.
No, I will personally. So will you. If we look only at the people currently alive and ignore anyone deceased we can chart their age going up over time while they remain steadily alive. AMZN will go up indefinitely and I will never die.
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EPT
