I dont get much from that, they dont pay me a higher salary 
But my existing salary having more purchase power affects me directly → I can buy more stocks.
I understand. But SNB needs to think about whole economy. Not support our stock buying power 
I’m considering easing off the gas going forward IF nVidia smashes earnings again. Will still buy systematically but not to the level of the last year which is on the edge of comfort in terms of security reserves and leisure spending. If they don’t smash earnings then either of two things can happen: small correction of 5%, but in my opinion most likely will be people losing their shit and us seeing more than 10% correction. That’d be a good buy signal and also consolidating a 20-10=10% gain to date. I’ll be happy with that.
Well yeah, that’s what you get when you get uneducated (in at least the history of investing), desperate degenerate gamblers and let them loose on stocks. They should have a scoreboard of losses, as well as wins for the sub. No doubt some few people made a killing, while many were the kill.
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I feel rather fine with lots of trend in the portfolio 
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Nvidia.
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Yeah…shocking. Not just the earnings growth but margins. Margins are ludicrous. Seems there was a lot of unloading of nvidia recently (eg by Stanley Druckenmiller), showing even the pros don’t know WTF is going on.
So should I buy TQQQ now?
You know the answer to that 
starts with priced and ends with in
I am actually considering doing the opposite: getting rid of my own XNAS and putting these gains in VWRL.
Nvidia‘s earnings hinge on the AI train trucking along at full speed though. They make these killer earnings because the other big tech companies buy any chip for any money they produce.
Two things could happen that throw a wrench in there:
- AI not playing out as big as currently anticipated
- AMD/Intel getting their shit together and matching Nvidia‘s chips → lower margins and sales.
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It can do a lot with qualitative data analysis and synthesis, that’s the extent of my experience with it at work. Anecdotal, but does do something that helps us.
Do we care though? Someone picking up the money left on the table because nVidia can’t fill all orders, there’s competition bringing prices down etc. Should an index investor care if the index goes up? I personally don’t as long as line goes up, it could be silicon chips, potato chips or poker chips doing it, or burnt baby pandas.
It‘s no doubt going to be a big and useful thing, just how big and useful? I was refer to how crazy the anticipation is right now. Stockmarket is forward looking and currently it expects AI to be the second coming of Jesus Christ himself.
If it‘s only going to be a really good thing, that‘s not enough to justify current valuations of AI companies.
No we don‘t as index investors. This was specifically refer to Nvidia exactly, for discussions sake. I don‘t own single shares.
All good neither do I other than BRK.
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That‘s literally the only single stock I consider ever owning. That tax/expense free pseudo index fund (also private equity exposure), sounds pretty nice.
I just think it has quite a big Buffet premium and the guy is already over 90. They also might start paying a dividend after he passes and they don‘t know what to do with the cash.
2 posts were merged into an existing topic: Benchmarking The Market
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6 posts were merged into an existing topic: Benchmarking The Market
Guess it helps that the CHF is looking pretty shit right now and continues to trend down.
Almost parity to € again and lost almost 10% against USD over the last half year.
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why? i prefer to have strong CHF as my income is in CHF and then I can go buy more stuff with it.
i’d prefer CHF to be weak later on when I have to convert the assets back into CHF for spending.
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Yea, actually this is worst case right now as an accumulator…
Weak CHF and high stock prices.
You want strong CHF and low stock prices.
During decumulation you want weak CHF and high prices again.
Now if mean reversion hits and the CHF gets stronger again, you bought way less shares with a weak CHF AND your shares are worth less in CHF. A double whammy.
It‘s only nice psychologically, seeing your portfolio number going up in CHF. But as you are not drawing from it, it‘s not relevant.
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You always want to invest a certain amount of your shares with a CHF Hedge. Hedged Shares didn’t do that well the last few months. New Contributions therefore currently mainly go into Hedged Shares (to keep your AA).
As the CHF later on strengthens again, non-hedged shares will deliver a poor return but your hedged ones (that you now primarily invest into) will go very well.
This way, and with constant re-balancing, you buy low and sell high. Clearly, that only works IF you buy your hedged shares at a reasonable TER.
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