Reading the title „Whats my investment strategy for 2023?“
My strategy for 2023 is to outperform the market, just don‘t know how to. 
That’s not a strategy, that’s an objective. The strategy is the high level plan that will get you there 
Not sure that one is achievable with consistence.
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From my side, I just bought a few JEPY, highly speculative ETFs based on daily covered calls… Probably a bad idea, what do you think about this kind of ETFs?
Otherwise, I keep DCA in ETFs like VT & others.
I fail to see how that 40bn has brought him profits…
what is this trying to say? That we’re running on an edge of a cliff that is a -80% drop in any direction?
What did he buy in Q1?
I’m subscribed to his newsletter - I think his argument is that the stock market is historically over-valued which means that it is at risk of a sudden, say, 40%-60% fall if a suitable catalyst arrives.
Just for my reference: when the stocks market was not overvaluated?
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50 years ago a stock had to return (say) 9% for the investor to earn 7% after brokerage and fund management costs
Today an investor can accept stocks earning 7.1% to get the same net return.
It seems logical that should drive P/E upwards, even if P/E didn’t exist as a concept at the time.
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PE over time are no directly comparable. Just think of the evolving nature of companies within the S&P 500 and differences in business model and PE of different industries e.g. compare oil and gas companies vs netflix.
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From what I see, this is a rather reputable guy when it comes to crunching historical financial data. Basically he is saying that “less risk (which is not volatility), less return” also works within the same asset class if we look at different historical periods.
I have seen some pictures illustrating the same thing for bonds. ChatGPT had friendly informed me that during the 17th century, the Dutch Republic had a refinancing of their outstanding debt with an interest rate of 5 percent in 1640, followed by a conversion to 4 percent in 1665. The coupon payments were done essentially in precious metals, not paper.
There is actually a bond from that time that is still paying coupons
I’ve added AVUV and AVDV to my VT+KBA portfolio.
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Aren’t small caps already included in VT ?
Yes, they are, but I’m tilting them since they are an important part of factor investing - small caps and value over long periods tend to outperform the cap index. And since we are in correction, I thought it was a good time to add it.
Is there recent evidence for “value“ outperforming the vanilla index?
Looking at MSCI World Value, it seems to have outperformed the „vanilla“ index in only two of the last 15 years (or three, if you count the only marginal outperformance in 2021), one of them being the 2022 that Russia was sanctioned by much of the industrialised western world and saw a big reemergence of inflation.
You could think about distributing into 5 3a accounts. The goal should be (in case you do not touch it until pension) to have equal amounts in all 3a accounts due to tax efficiency when liquidating them.
In your current approach, the newer accounts will never catch up to the older ones due to the compound effect.
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Yes, I’ll probably do that. It makes especially sense now that I plan to hopefully retire at 52-54, so with the current approach I’d only have 3 accounts once I reach the ordinary pension age.
In fact I already have 4 accounts open at VIAC, but only one is funded at the moment. I’ll probably alternate every year between the 3 unfunded accounts or split the amount every year between the 3. I don’t think there will be a huge difference between the two approaches.
Or just fund the smallest/zero accounts first.