That.
@user137 The idea is not to try to time the bottom, just to catch some good entries. Either way crashes tale a long time to play out, from ATH to bottom could be 1-3 years so assuming one maintains their revenue (job) then there’d be plenty of time for good entries via regular investment, after the dry powder has been DCAed away.
I think another way to look at this is not buy or sell activities but simply to say that asset allocation is shifting to a higher cash and then slowly moving to lower cash and back and forth.
In reality there is always a range for any portfolio.
In long term asset allocation drives most of the returns and risks. Everything else is for entertainment purposes 
No comment on the smartness of the Saudis wrt investing … but even Goofy got out of CS in Jan 2020 (and instead moved into UBS, no less!).$
Edit: It’s also a little rich to be lectured by the Saudis about the rule of law … anyone remember the … ahem, dismantlement of Jamal Kashoggi in a Saudi consulate?
Anyway, better not to open this can of worms as it’s a slippery road to poltics.
Arguably, whether there was a free decision by the Swiss government, or being a pushover when faced by external pressure, the result for the investor is the same.
Then again, if the Saudis want assurances for rule of law being applied, perhaps they need to reconsider their US investments, too.
Good/short summary, that touches many discussions here on the forum. (owning/renting, dividends, FIRE,…)
Thanks for the video. I can only say in an anecdotal manner; since we bought the house with no cash in 2008 but only with pension fund money, never had any financial struggle since then anymore. Correlation or causation? I don’t know, but it worked really fine.
Are you saying you buying your house was the cause of your „no financial struggles“ ?
The video is not saying buying house is awesome or not. It just says that the belief system drives a lot of behavior for such investments rather than fundamental finance.
For example lot of people never invested in anything ever and they also might not have ever a financial struggle. This doesn’t mean there is a causation or correlation. It simply means that these are two statements and that’s about it.
Good video. On home ownership my view is quite simple: I don’t smoke in my rented flat in CH because I have kids first and foremost, and it’s also not allowed by the rent contract… When I move back to the flat I own, and our kids have left the nest, I will smoke because I own the damn walls and can do whatever I damn want in it as long as it’s legal.
When I saw this, I remembered the love for dividends on this forum too. Ben Felix is just repeating what most people already know. But I have to agree with him that sometimes people divide themselves in camps of „us and them“ which is counter productive.
Dividends by themselves don’t make the case for better investments. It’s just a way of returning value to shareholders.
I think the interest rate parity theory only holds on very long periods, at least 10, perhaps 20 years. Inbetween, anything can happen as currency rates react to what is going on: geopolitics, interest rates, bond rates, import and export, etc. Carry traders have a shorter horizon and look at the interest rate differential instead of inflation when they hedge.
Well. Yeah. People periodically come to the dividend sub, which is not really a dividend but more a SCHD sub, and lecture the “idiots” about the fact that the share price drops and total return. I mean, cool, I don’t frequent the yiffing sub or the furry sub or the fedora neckbeard mouthbreather sub, or crypto subs so let’s be happy to be apart 
I don’t see it as much of the other side on reddit (dividend mooks going to other subs to preach), but I guess he’s somewhat grated by the tons and tons of bullshit videos which go like this “LET ME TELL YOU THE SECRET TO GET $3500/MONTH SITTING ON YOUR ASS”, which after 10 mins of video boils down to “have 1 million in SCHD”.
Well, no, what’s happening is people parroting what Ben Felix knows without understanding it, there’s a difference.
You were so nice to avoid smoking for the health of your kids. Maybe consider being as kind to yourself!
I don’t avoid smoking, I don’t smoke indoors or near them
I do recall my dad chain smoking in loooong drives, in my bedroom, in the living room, in the kitchen, his working space was misty and eyewatering, he basically had a cigarette stuck to his lips 24/7, it was awful…
Have we ever wondered , why is it okay for homeowners to never really own the property in key markets like ZH or Geneva? Most mortgages only force you to get to 35% of asset value. And we know if 100% was a rule then most people wouldn’t be able to buy home. So why do we even call it ownership when we are supposed to be on perpetual mortgage.
This brings me to the question. Is real estate in Switzerland primarily meant as a way to generate 2-3 % rental yield for institutions?
Wait 'till you find out about freeholding and leaseholding in the UK, it’s downright criminal but legal
What’s the mustachian polymarket thinking about probability of 50% tariffs on EU by 1 June?
Should we get buckled up for 50-100-150-great deal drama ?
Unfortunately I cannot confirm your Reddit experience as I am kind of banned from Reddit. But I think I can relate to such subreddits (from past experience )where the only thing you can say is what the subreddit agrees with. Or else you are seen as a problem
Maybe a warning for others who use Reddit. I had no idea that VPN is not allowed. But I was surprised to see that they don’t really give you a reason for ban. They just ban you so my assumption is still a guess on my part.
I believe since I permanently use a NordVPN, I was blocked and there is no way for me to open an account anymore because any new account is automatically banned too.
Because the owner owns all the benefits and liabilities of the asset. If a tile of the roof falls on the head of a kid, the bank isn’t the one having to deal with the consequences and if your banker wants to hold a meeting in your living room, they can’t. They can’t choose the color of the paint or other technical or aesthetic choices either, they can just put a price tag on it (the value they attribute to the real estate as collateral for their loan).
The owner owns the whole asset and the bank puts a lien on it, meaning if the owner defaults on their obligation to pay, they can seize the asset. It is functionally very different from the bank being a co-owner of the asset.
My bet as to why we allow permament mortgages (even in remote areas, by the way) would be a mix of the financial industry making money out of it and a narrative that real estate is very safe for the individual investor.
My one vote goes to decent likelihood of 50% tariffs happening and all muddy of them staying on for any period of time. My tea leaves are all messed up for the world outside of the US and even there, I’d just be willing to take a bet on a longer term trend and not on any individual short term action.
FWIW there’s a strong push to stop this (to derisk the market). It’s the reason to limit deductions for mortgage in the removal of imputed rent change (which probably won’t pass the referendum anyway, but it tells you where the wind is blowing).
It’s not that bad on more mainstream subs, the more culty and esoteric a sub is the worse the quality.