GDX +5%
GDXJ +5%
NEM +5%
GOLD +3%
U.UN.TO +7%
AWE.L +30%
SBSW +4%
WPC Flat
FR Flat
AEM +2%
GPN Flat (*just found out I bought it today @ $97- I thought I cancelled the buy order, but apparently not.)
I did the same, felt great about it until I realised that unless a) the “dip” is more of a crash (20% down or more) or b) i had liquidity above 100k then the actual effect is minuscule and totally not worth raiding the emergency reserves.
Say one puts in 1000/month, there is a 5% dip and they put 5000, what’s the upside of buying the dip when it breaks even again? 250 franks? Woo effing hoo.
Yes I know the thing is that I‘m not far in this journey (equities <100k w\o 3a), so saving 250 franks still feels like doing something and working towards the goal (of more financial independence).
I can image that it starts to loosen up the farther I get.
I have quite a big emergency fund (covers expenses of 10-12 months). So that makes it a bit flexible… I can fill it up again in a short time. But yes, it’s market timing (it may dip even more?).
If you feel the need to trade, create 2 separate portfolios.
One long term buy and hold, with a set strategy. Stick to it 100%. Never deviate from the plan.
Second portfolio for trading. Do whatever you want. Judt make sure you track your performance accurately and honestly.
Compare the portfolios after 1, 3, 5, 10 years.
I bet over 90% of the people did better with the buy and hold. Then you will have peace of mind and VT and chill.
Ahaha, I had to laugh here. In fact I also have a bit of UBSG so I suppose that makes me a shareholder and your sentence applies
Agree with you regarding CCUSAS, these commodities products are very complicated (probably on purpose) and I don’t understand much but I was a happy “customer” of this ETF 3-4 years ago where I bought around 80 and sold at the top reaching nearly 120. On this topic a found a few articles from the accumulator quite useful to get a bit of understanding of such products. Here are a list of his articles if that can help others:
The market is always weird. There are too many people to whom it should adapt in order to screw us all by a few % on the date that we buy/sell. Truth is, we can’t expect to buy/sell only at the best moments and some tolerance for variations has to be acknowledge in order to live with investments in stocks. It could be way more wild than it is now.
is there any obvious reason for this? USD is not down significantly against other currencies so it isn’t that foreign earnings are being priced as higher in USD terms
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