Search found 170 matches

by europeanwizard
Wed Dec 09, 2020 2:02 am
Forum: Gold
Topic: Sales tax expense on gold
Replies: 12
Views: 637

Re: Sales tax expense on gold

In my European country, you also don't pay VAT on gold.
by europeanwizard
Mon Dec 07, 2020 12:40 am
Forum: Politics
Topic: Voter ID
Replies: 22
Views: 782

Re: Voter ID

We have this in The Netherlands. You definitely must bring your ID card or your passport. On these, the issuing city is printed. But then again, we don't havea huge illegal immigrants groups here. We do have immigrants from our former colonies, but they're not illegal and more or less integrated mea...
by europeanwizard
Wed Dec 02, 2020 12:43 pm
Forum: Permanent Portfolio Discussion
Topic: Long time lurker saying hi
Replies: 19
Views: 1006

Re: Long time lurker saying hi

Prior to covid, my family would get together twice a month for dinners and it would be paid out of that fund. My instructions were to invest it in a way that it would be able to pay for dinners in perpetuity. Wow, that is pretty nifty. By far the best combination of finance and family that I've hea...
by europeanwizard
Sun Nov 08, 2020 2:05 am
Forum: Bonds
Topic: Does it make sense to buy long bonds now?
Replies: 55
Views: 5302

Re: Does it make sense to buy long bonds now?

I don't understand...who is holding japanese and european bonds then? Is it all being held by the central banks? Old topic, but I figured it's worth replying. As I understand, here in The Netherlands, insurance companies, pension funds and housing cooperatives are tied to regulations that more or l...
by europeanwizard
Sun Nov 08, 2020 1:56 am
Forum: Politics
Topic: Do You Really, Really Want to Know What Trump Did That Was So Bad?
Replies: 31
Views: 1328

Re: Do You Really, Really Want to Know What Trump Did That Was So Bad?

my psychiatrist says as long as I take my meds at least twice a day I have nothing to worry about regarding my sanity. ;D he didn't start any new wars in four years in office and existing wars were scaled back I'm European and I don't have a dog in this race. But I was visiting mom and pop this wee...
by europeanwizard
Fri Oct 09, 2020 12:32 am
Forum: Permanent Portfolio Discussion
Topic: Is the Permanent Portfolio Broken?
Replies: 44
Views: 3965

Re: Is the Permanent Portfolio Broken?

Interesting, will read it. Yesterday, I sold all my Euro bonds and increased the size of my world stock market.
by europeanwizard
Fri Sep 11, 2020 6:16 am
Forum: Bonds
Topic: Does it make sense to buy long bonds now?
Replies: 55
Views: 5302

Re: Does it make sense to buy long bonds now?

What have investors been doing in germany We're confused and don't know what to do: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=3&t=10957 https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=9082 https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9770&p=172861#p172861 ...
by europeanwizard
Wed Sep 02, 2020 12:32 am
Forum: Permanent Portfolio Discussion
Topic: HBPP 4x25 results, please.
Replies: 11
Views: 1033

Re: HBPP 4x25 results, please.

To be honest, I don't like these questions. What do you want with them, check the performance? The PP isn't about performance, it's about risk-adjusted performance.
by europeanwizard
Tue Sep 01, 2020 12:47 am
Forum: Other Discussions
Topic: Recessions
Replies: 3
Views: 166

Re: Recessions

That's a good one, and certainly puts things in perspective. What I always found weird, is that it may never really concern you. A couple of years ago, I quit my job and started subcontracting in IT. Before I started however, I asked experienced freelancers: "how hard were you hit in the 2009 recess...
by europeanwizard
Sun Aug 30, 2020 1:00 am
Forum: Other Discussions
Topic: Politics
Replies: 12
Views: 558

Re: Politics

As a European, most topics look completely and utterly like, I don't know, an extremely biased yet very detailed review of the divorce of the neighbors next door.

I'm sure it's relevant when you're American, but even then, lots of topics are just link dumping.
by europeanwizard
Sat Aug 29, 2020 11:50 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 4397

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

By all means, use it in your variable portfolio if you wish. Exactly. The PP method doesn't say you should never use bitcoin. It just says that as the basis, stick to the usual suspects. You can actually make your VP as large as you want it to be. My VP is ~6% of my PP. Half of that is in Bitcoin.
by europeanwizard
Sat Aug 15, 2020 4:21 am
Forum: Bonds
Topic: European inflation-linked bonds?
Replies: 6
Views: 950

Re: European inflation-linked bonds?

And there are indeed TIPS/ IL Bonds for the EU. For example: iShares € Inflation Linked Govt Bond UCITS ETF This is good news to me. The ISIN is IE00B0M62X26 and my broker (DEGIRO) does not charge costs when trading. The underlying assets aren't super great, though. France might be okay, but the re...
by europeanwizard
Sat Aug 08, 2020 3:17 pm
Forum: Gold
Topic: Michael cuggino on gold
Replies: 5
Views: 648

Re: Michael cuggino on gold

Very interesting, thanks for sharing.

What I find funny, is that people are no longer hide they have gold in their portfolio. For example on Reddit, posters used to be silent about it. No longer so.
by europeanwizard
Thu Aug 06, 2020 2:08 am
Forum: Gold
Topic: I told you to buy because I was selling earlier this year
Replies: 4
Views: 607

Re: I told you to buy because I was selling earlier this year

That reminds me, I should really rebalance. I've got 25% in cash, 25% in stocks, 25% in bonds and 40% in gold ;)
by europeanwizard
Thu Jul 30, 2020 2:05 pm
Forum: Bonds
Topic: European inflation-linked bonds?
Replies: 6
Views: 950

Re: European inflation-linked bonds?

Hal wrote:
Thu Jul 30, 2020 10:46 am
Just discovered there are Corporate Inflation Linked Bonds, perhaps that's what is being referred to?
Yeah, good find. That must be what he's referring to.

As for TIPS, we don't have those in the EU, as far as I know. Good graph. They're interesting.
by europeanwizard
Thu Jul 30, 2020 9:08 am
Forum: Bonds
Topic: European inflation-linked bonds?
Replies: 6
Views: 950

European inflation-linked bonds?

I just read an interview with Russell Napier, a Scotsman who writes about the market for institutional investors: https://themarket.ch/interview/russell-napier-central-banks-have-become-irrelevant-ld.2323 The following bit caught my attention: As an investor, how do I protect myself? European inflat...
by europeanwizard
Mon Jul 27, 2020 12:19 am
Forum: Other Discussions
Topic: "What is your age" poll
Replies: 15
Views: 1311

Re: "What is your age" poll

Curiously even distribution. We seem to have people of all ages here.
by europeanwizard
Sun Jul 26, 2020 1:16 am
Forum: Other Discussions
Topic: AOC's Speech is Ridiculous
Replies: 15
Views: 1412

Re: AOC's Speech is Ridiculous

It's just an insult. You know what you do? You dig your heels in and fire off a clever comeback. You don't cry to the world just because you failed to think of one. That's just your opinion. I've been at the receiving end of an endless stream of cleverly "funny" disguised verbal abuse from a cowork...
by europeanwizard
Sun Jul 26, 2020 1:00 am
Forum: Permanent Portfolio Discussion
Topic: Just for Fun - The Golden Middle
Replies: 28
Views: 3119

Re: Just for Fun - The Golden Middle

SCV = Small Cap Value?
MCB = ?
by europeanwizard
Mon Jul 20, 2020 12:21 am
Forum: Other Discussions
Topic: Forum updates
Replies: 9
Views: 986

Re: Forum updates

Nice! I, for one, very much appreciate your effort!
by europeanwizard
Sat Jul 11, 2020 1:23 am
Forum: Permanent Portfolio Discussion
Topic: Morningstar LTT & Gold analysis
Replies: 10
Views: 1656

Re: Morningstar LTT & Gold analysis

Bizarre. Maybe I hit my free article limit or something... Here's text versions: https://pastebin.com/tFitph7g https://pastebin.com/ANtsLt0X By the way, I didn't quite get this bit: What surprised me was that gold shares comfortably outgained gold bullion. As illustrated in the initial graph, Fidel...
by europeanwizard
Wed Jul 08, 2020 2:33 am
Forum: Gold
Topic: A Boat I (Gladly) Missed
Replies: 6
Views: 1087

Re: A Boat I (Gladly) Missed

Of all the cryptos, only Bitcoin really has my trust, and only for a single-digit percentage of my variable portfolio. There are interesting coins out there, like Monero, which is 100% focused on privacy. But that's really it (for me, at least). You were wise to decline the offers of this guy.
by europeanwizard
Mon Jun 22, 2020 1:23 am
Forum: Gold
Topic: $20 gold Liberty coin Heads Up!
Replies: 1
Views: 602

Re: $20 gold Liberty coin Heads Up!

It would be interesting to know how they test these coins for purity. I believe there are several methods and they're not accurate all the time.
by europeanwizard
Tue Jun 09, 2020 3:53 pm
Forum: Bonds
Topic: Illinois Will Be The Poster Case For State Bankruptcy
Replies: 4
Views: 909

Re: Illinois Will Be The Poster Case For State Bankruptcy

What's weird is that munis aren't unlike European state bonds. Just like an individual European country, an American state can't print themselves more money to get out of a high debt situation.