 | | | 
03.12.2020, 18:38
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,200
Groaned at 275 Times in 181 Posts
Thanked 17,534 Times in 7,412 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | I can just envisage you posting in 20 years time explaining how your loss exceeds the value of your house. | | | | | It will most likely happen in <13 years.
| This user would like to thank Phil_MCR for this useful post: | | 
03.12.2020, 19:06
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 19,765
Groaned at 421 Times in 313 Posts
Thanked 19,848 Times in 10,626 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | It will most likely happen in <13 years. | | | | | Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more.
| 
03.12.2020, 19:16
|  | Only in moderation | | Join Date: Jul 2009 Location: Basel-Land
Posts: 9,071
Groaned at 289 Times in 228 Posts
Thanked 19,315 Times in 7,619 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more. | | | | | Why have you invested your money?
| 
03.12.2020, 19:23
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 19,765
Groaned at 421 Times in 313 Posts
Thanked 19,848 Times in 10,626 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Why have you invested your money? | | | | | So I don't need to work.
| 
03.12.2020, 19:40
|  | Only in moderation | | Join Date: Jul 2009 Location: Basel-Land
Posts: 9,071
Groaned at 289 Times in 228 Posts
Thanked 19,315 Times in 7,619 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | So I don't need to work. | | | | | So you do use money to buy things?
| 
03.12.2020, 20:44
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,200
Groaned at 275 Times in 181 Posts
Thanked 17,534 Times in 7,412 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more. | | | | | For me, it would be 6 years with an 18.3% return.
| 
03.12.2020, 20:52
| Forum Veteran | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 1,557
Groaned at 35 Times in 30 Posts
Thanked 2,114 Times in 1,053 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | For me, it would be 6 years with an 18.3% return. | | | | | Ouch. That would correspond to a deposit of well more than 20% though unless my maths are wrong (always a possibility - I nearly failed 1st year university mathematics for chemists!).
I make it 11 years for your return to exceed your property value (assuming no growth in the latter) at 18.3% return.
| 
03.12.2020, 20:55
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 19,765
Groaned at 421 Times in 313 Posts
Thanked 19,848 Times in 10,626 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | For me, it would be 6 years with an 18.3% return. | | | | | 18.3% compound grows 95.6% in 4 years, why so long ? I calculate a loss of 174% in 6 years | 
03.12.2020, 20:59
| Forum Veteran | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 1,557
Groaned at 35 Times in 30 Posts
Thanked 2,114 Times in 1,053 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | 18.3% compound grows 95.6% in 4 years, why so long ? I calculate a loss of 174% in 6 years  | | | | | Value of property - not value of deposit!
IE assuming a 20% deposit you'd it to have grown 6 times.
| 
03.12.2020, 21:07
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 19,765
Groaned at 421 Times in 313 Posts
Thanked 19,848 Times in 10,626 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Value of property - not value of deposit!
IE assuming a 20% deposit you'd it to have grown 6 times. | | | | | I don't use gearing.
| This user would like to thank fatmanfilms for this useful post: | | 
03.12.2020, 21:13
| Forum Veteran | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 1,557
Groaned at 35 Times in 30 Posts
Thanked 2,114 Times in 1,053 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | I don't use gearing. | | | | | Only because you can't get a mortgage at your age | This user would like to thank HickvonFrick for this useful post: | | 
03.12.2020, 22:12
| Junior Member | | Join Date: Sep 2013 Location: Zurich
Posts: 52
Groaned at 4 Times in 2 Posts
Thanked 29 Times in 16 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Only because you can't get a mortgage at your age  | | | | | No problem at all getting a mortgage here at the age of 58!
| 
03.12.2020, 23:00
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,200
Groaned at 275 Times in 181 Posts
Thanked 17,534 Times in 7,412 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | Ouch. That would correspond to a deposit of well more than 20% though unless my maths are wrong (always a possibility - I nearly failed 1st year university mathematics for chemists!).
I make it 11 years for your return to exceed your property value (assuming no growth in the latter) at 18.3% return. | | | | | maybe you forgot that it already 'lost' >90k in the first year.
120k deposit. 600k property. (1/2 share).
(120k+99k) * 1.183^6 = ~600k
Last edited by Phil_MCR; 03.12.2020 at 23:12.
| This user would like to thank Phil_MCR for this useful post: | | 
04.12.2020, 11:02
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 19,765
Groaned at 421 Times in 313 Posts
Thanked 19,848 Times in 10,626 Posts
| | Re: I lost >70k in the stock market in less than 1 year | Quote: | |  | | | No problem at all getting a mortgage here at the age of 58! | | | | | It would be a problem if your income was below 1k a month.
I remember when I was working a Swiss Bank was happy to lend me 700k against a property costing 900k, but not against a property costing 1.2 million.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 05:48. | |