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  #521  
Old 08.03.2021, 15:17
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Re: Equity Portfolio Advice

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I've lost c. 120K CHF in the last 2-3 weeks, so it better come through
You mean you have lost it on paper or cemented a real loss by selling shares in the wrong time?
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  #522  
Old 08.03.2021, 15:17
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Re: Equity Portfolio Advice

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You mean you have lost it on paper or cemented a real loss by selling shares in the wrong time?
On paper.
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  #523  
Old 08.03.2021, 15:29
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Re: Equity Portfolio Advice

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On paper.
It was also a paper gain potentially lower wealth tax bill at the end of the year, whats not to like?
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  #524  
Old 08.03.2021, 15:48
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Re: Equity Portfolio Advice

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I personally would call a Model 3/Y premium, and S luxury. Maybe not by Swiss standards .
Sure, you can have it. So where is an (BMW) M3 then on this scale? Or a 750i?

My friends working at Daimler keep laughing at Model 3 issues, materials and manufacturing quality. They might be a little sour, though :P
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  #525  
Old 08.03.2021, 15:50
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Re: Equity Portfolio Advice

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Sure, you can have it. So where is an (BMW) M3 then on this scale? Or a 750i?

My friends working at Daimler keep laughing at Model 3 issues, materials and manufacturing quality. They might be a little sour, though :P
They are all premium - luxury in my book. I am from Newcastle (biggest city in the poorest region of England) though, and grew up with my parents owning ancient Volvo estates, so I've got a certain perspective on things. I've also never owned a car (although I do have a licence).
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  #526  
Old 08.03.2021, 15:53
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Re: Equity Portfolio Advice

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Sure, you can have it. So where is an (BMW) M3 then on this scale? Or a 750i?

My friends working at Daimler keep laughing at Model 3 issues, materials and manufacturing quality. They might be a little sour, though :P
There is quite a difference between the quality of the company / products and the valuation of the stock. Do I think Tesla is a good company? Absolutely. Do I think they will ever grow into their valuation? Hell no.
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  #527  
Old 08.03.2021, 15:56
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Re: Equity Portfolio Advice

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They are all premium - luxury in my book. I am from Newcastle (biggest city in the poorest region of England) though, and grew up with my parents owning ancient Volvo estates, so I've got a certain perspective on things. I've also never owned a car (although I do have a licence).
I have never owned a new car & the most expensive car I ever bought was a 13 year old Porsche 911 that cost 24,000 chf / £10,000 at the time. Probably the main reason I could retire early is I never spent much on cars, my last purchase being a 2010 Audi A3 for €4300. The thought of spending 50-100k on a quickly depreciating asset is bonkers.
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  #528  
Old 08.03.2021, 15:59
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Re: Equity Portfolio Advice

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I have never owned a new car & the most expensive car I ever bought was a 13 year old Porsche 911 that cost 24,000 chf / £10,000 at the time. Probably the main reason I could retire early is I never spent much on cars, my last purchase being a 2010 Audi A3 for €4300. The thought of spending 50-100k on a quickly depreciating asset is bonkers.
Mid life crisis?
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  #529  
Old 08.03.2021, 16:00
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Re: Equity Portfolio Advice

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I have never owned a new car & the most expensive car I ever bought was a 13 year old Porsche 911 that cost 24,000 chf / £10,000 at the time. Probably the main reason I could retire early is I never spent much on cars, my last purchase being a 2010 Audi A3 for €4300. The thought of spending 50-100k on a quickly depreciating asset is bonkers.
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Mid life crisis?
Great investment.
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  #530  
Old 08.03.2021, 16:04
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Re: Equity Portfolio Advice

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Mid life crisis?
I was 34 when I got my second 911 , first one when I was 21. I did look at getting an Aston Martin a few months before the crash in 2008 as equities had gone up so much, I thought I might regret it & did when the crash occurred.
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  #531  
Old 08.03.2021, 16:07
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Re: Equity Portfolio Advice

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I have never owned a new car & the most expensive car I ever bought was a 13 year old Porsche 911 that cost 24,000 chf / £10,000 at the time. Probably the main reason I could retire early is I never spent much on cars, my last purchase being a 2010 Audi A3 for €4300. The thought of spending 50-100k on a quickly depreciating asset is bonkers.
Bought my only BMW 325i 2006 once and keep it up until now. With 205,000 km on odometer, it still drives same like when I got it with 31,000km on the clock. Maintenance costs me next to nothing as I do most of the stuff myself or in cheap places. The only reason I owe the car is because I need it for daily commute, less frequently lately at home office. Prefer bike and fresh air. As I’m debt free, money saved is money invested here and there.
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  #532  
Old 08.03.2021, 16:24
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Re: Equity Portfolio Advice

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TSLA could just as easily be 200 rather than 2000. The speed at which they are losing market share would worry me, they have lost 10% to Ford with just 1 vehicle in the US. Other manufactures are moving into the arena quite quickly.

Cryptos will have a problem on the P&L & balance sheet, they can't ever upward value & they have to take any losses on the P&L & keep the lower book value regardless. Assuming US accounting rules stay the same.

I picked up 750 SMT @962, I will probably regret it.
Now up the best part of 10% - 1040.

I picked up some EWI at 270 something earlier today with the very last powder available.
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  #533  
Old 08.03.2021, 16:38
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Re: Equity Portfolio Advice

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Now up the best part of 10% - 1040.

I picked up some EWI at 270 something earlier today with the very last powder available.
Although Nasdaq is still slightly swinging up and down, but it seems to be recouping the previous losses slowly but surely

At least it is not that boring as trading predictable Swiss stocks
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  #534  
Old 08.03.2021, 17:05
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Re: Equity Portfolio Advice

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Although Nasdaq is still slightly swinging up and down, but it seems to be recouping the previous losses slowly but surely

At least it is not that boring as trading predictable Swiss stocks
My trusts seem to vary by 15% in price most days recently. I appreciate I chose a high volatility instrument - but I wasn't expecting quite that much for a diversified product.
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  #535  
Old 08.03.2021, 17:17
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Re: Equity Portfolio Advice

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My trusts seem to vary by 15% in price most days recently. I appreciate I chose a high volatility instrument - but I wasn't expecting quite that much for a diversified product.
You can't accept that 100% gain in a year 'is normal', losing 50% the following year would be normal after such a rise. It's not really diversified just lost of the same sort of stuff, i.e. companies with very little profits.
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Old 08.03.2021, 17:59
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Re: Equity Portfolio Advice

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It's like SMT on steroids. BG reduced their position in Tesla as prices went crazy - Cathy Wood just bought more and more. Also - she holds really big positions so liquidity is an issue. It could end in tears if investors do a runner.
She bought more and more because of people buying new ARKK shares.
I think ARK limits single holdings to around 10% of the whole portfolio.
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  #537  
Old 08.03.2021, 18:52
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Re: Equity Portfolio Advice

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You can't accept that 100% gain in a year 'is normal', losing 50% the following year would be normal after such a rise. It's not really diversified just lost of the same sort of stuff, i.e. companies with very little profits.
It definitely is not!
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  #538  
Old 08.03.2021, 21:35
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Re: Equity Portfolio Advice

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It definitely is not!
Some of these high flying test stocks remind me if CISCO in 2000, high 70's then $47 21 years later. https://finance.yahoo.com/quote/CSCO....tsrc=fin-srch
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Old 08.03.2021, 23:13
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Re: Equity Portfolio Advice

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I have never owned a new car & the most expensive car I ever bought was a 13 year old Porsche 911 that cost 24,000 chf / £10,000 at the time. Probably the main reason I could retire early is I never spent much on cars, my last purchase being a 2010 Audi A3 for €4300. The thought of spending 50-100k on a quickly depreciating asset is bonkers.
A quick look on premium brands such as Audi, BMW etc on autoscout24 shows a 40-50++% of depreciation during the first 2 years. To me, this is mental. If you were to enter in a 2 years old, well maintained and looked after car, you'd hardly notice that it is not a brand new one.
From an investment point of view, it's such a bad move to buy a new car. Even if you're going to drive it for 20 years, it makes financial sense to at least buy a 2-3 years old one instead.
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Old 09.03.2021, 00:47
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Re: Equity Portfolio Advice

But nobody ever pays full price for a new car, I hope. My current car came with about 25% discount.

Someone else on these forums got more than 30% off a BMW.

So why would I buy a 2 year old car?
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