Knoch's journal

I’m in my mid 30’s and completely new to stocks and ETFs. Well, since one month now I’ve been learning a lot about this topic. The motivation has been the frustration of seeing my savings rot at 0% at Postfinance. First thing I read on the topic was Gerd Kommer’s book about ETFs, which was kind of a revelation for me. Since then I’ve been actively listening to two podcasts on passive investments: https://zendepot.de/ and https://www.finanzwesir.com/blog/kategorien/podcast. They present the topic in quite a simple and understandable way.

My investment reading list:

Finished reading:
https://www.amazon.de/Plötzlich-Geld-Harry-Büsser/dp/303875031X/ref=sr_1_1?ie=UTF8&qid=1519465782&sr=8-1&keywords=plötzlich+geld

https://www.amazon.de/Souverän-investieren-Indexfonds-ETFs-Book/dp/3593508524/ref=sr_1_1?s=books&ie=UTF8&qid=1519465816&sr=1-1&keywords=gerd+kommer+souverän+investieren+mit+indexfonds+und+etfs

https://www.amazon.de/Your-Complete-Guide-Factor-Based-Investing/dp/0692783652/ref=sr_1_cc_1?s=aps&ie=UTF8&qid=1519465845&sr=1-1-catcorr&keywords=factor+based+investing

https://www.amazon.de/Global-Value-Bubbles-Crashes-Returns-ebook/dp/B00J351PXE/ref=sr_1_16?s=books-intl-de&ie=UTF8&qid=1519465876&sr=1-16&keywords=global+value

https://www.amazon.de/FORTUNE-DURING-CRASHES-STRATEGIC-ACCUMULATION-ebook/dp/B00UI9YDFG/ref=sr_1_1?s=books-intl-de&ie=UTF8&qid=1519465938&sr=1-1&keywords=how+to+make+a+fortune+crash

https://www.amazon.de/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=sr_1_1?s=books-intl-de&ie=UTF8&qid=1519465966&sr=1-1&keywords=simple+path+to+wealth

https://www.amazon.de/Global-Asset-Allocation-Strategies-English-ebook/dp/B00TYY3F3C/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1521575876&sr=1-1&keywords=meb+faber

https://www.amazon.de/Erfolg-Crash-konkreten-Anlageideen-profitieren-ebook/dp/B0778TPCWQ/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=

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I’m now finishing the book “Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today” by Andrew L. Berkin and‎ Larry E. Swedroe. It’s a pretty tough read for me, but I can see the general point: factors work long term, but they come at a price.

This book made me less enthusiastic about the factors. As the authors note, their effect has been diminishing.

I wonder if emerging markets could be considered a “factor” and how much weight they should have in a balanced portfolio.

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If you read two books about investing then it’s already 2 more than me. If you’re a fan of reading, then I recommend this blog series:

http://jlcollinsnh.com/stock-series/

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Thanks for the tip, I’ll keep reading ;).

As I’m climbing up my steep investing learning curve I am now collecting ideas how to build a good portfolio. Here is an interesting series of interviews with economics Nobel prize winners about the perfect portfolio (practical advice at the end of those interviews):

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Watching how the prices for ETFs develop I came across several metrics

https://www.gurufocus.com/

Market -> Marker valuation.

I’d appreciate if experienced members could comment whether this site and the metrics there can be of any use.

I just finished reading this book

https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=sr_1_1?ie=UTF8&qid=1519465273&sr=8-1&keywords=the+simple+path+to+wealth

And it’s pretty good for beginners like myself. There’s lot of focus on US realities, but you can skip those chapters and read the main guiding principles.

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Cool! Never read the book,but read all his blog posts. I assume it’s all the same.

Yes, that’s the one you suggested to me, thanks!

I really liked this interview with Ray Dalio, where he explains the current economic situation and says that the expected returns for both stocks and bonds in the nearest are low: