So I've read the book and with about 25k, I'd like to make further steps towards implementing PP. For starters, I've opened an account with a broker. After reading the book, I feel the principles are simple and easy to understand, but it's the practicalities that are dazzling to me.
For instance, I'm looking at the chapter Implementing the Permanent Portfolio internationally. On page 219, it says:
So I log into my broker account:Stocks:
1. Vanguard MSCI Europe Index: Vanguard offers a stock index fund that is registered in multiple countries and tracks the MSCI European Index (...)
2. STOXX 600 Index: Comprised of the largest 600 companies in Europe, similar to S&P 500 (...)
3. db X-Trackers: Deutsche Bank offers a range of products under the db X-Trackers name (...) the STOXX 50 ETF which tracks the largest 50 companies in Europe
Related to 1) So, I immediately hit some problems. I can't find the first one "Vanguard MSCI Europe Index" at my broker (DEGIRO). It seems to be renamed to Vanguard FTSE Europe ETF, and more so, it's in US dollars instead of euros. Huh? Why would the book advise that?
Related to 2) STOXX 600 index is just that, an index. There are 6 ETFs available with my broker. Do I have to compare them all, and figure out the differences?
Related to 3): my broker has a list of ETFs which can be bought once a month without transaction costs. Among those, there are about 8 of the db X-Trackers. Amongst those, the "DB X-TRACKERS EURO STOXX 50 SHORT DAILY UCITS ETF". So what is this? STOXX 50 is clear: a selection of the biggest European companies. But what does SHORT DAILY mean?
Getting a bit overwhelmed here...