Yep, basically. My brother said “So, I heard that defence stocks are going to do well, does this fund have them?”. I said “by the time you or me hear that something is going go do great it’s already done great, don’t think like that, in fact nobody knows what’ll do good or bad at all!” and “yes, it probably has defence stocks in there, but if MSFT is 4.5% of the total then a defence stock may be 0.1% so it won’t move any needles, just know that it’s a package of global stocks you’d be buying and riding it out”.
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Sounds good plan
Only thing I don’t understand why the cash in bank doesn’t have interest. This should be standard option everywhere
I don’t know what the savings account rates are, but they’re surely laughable.
For a tiny bit more complexity maybe put the cash in some EUR overnight rate ETF? Safe and you don’t miss out on the risk free rate.
I see. So Greece doesn’t have these high interest savings accounts like we have in CH?
Normally the interest rate is similar to Central bank rates
Actually having a large amount of money stashed in a different account than their main payment account might be not a bad idea, to prevent potential payment errors, fraud, etc.
I just looked: 0.15% for up to 50,000 EUR, 0.3% for >50,000. This is 300 EUR/year on 100,000, it’s borderline not worth it. I mean won’t leave money on the table, sure, but frankly that’s laughably low. Told you it’s a racket, no wonder the top 4 positions on the Athens index are the four “systemic” banks.
Yeah that’s for sure.
That’s something I might have done, but for them it’s undue complication in my opinion. Going from nothing to all stocks is a big leap.
That’s crazy. Even Revolut gives interest on Euros. I don’t understand how can big banks get away with this.
Wait 'till you hear that you MUST have a Greek mobile phone number to access banking or public/government/tax services online. It’s a cartel and a racket.
In India also sometimes it’s easier to have local mobile number for certain things but in general you can manage with international sim too.
More interesting self-learnings: I’m advising my family to DCA over let’s say 3 months. I know that the academically/theoretically/Ben Felixian optimal idea is lump sum, as it’s statistically beating DCA 2/3 of the time, and I did it for myself, but as with many theoretical/academic/Ben Felixian “best ways to do it” the real world has a different opinion.
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3 month DCA is not really DCA. In big scheme of things it’s like lumpsum
If you want real DCA - try 9-12 months
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Remember we’re on Trump time 
Who knows what regarded fuckup he’ll do.