Stock market investments

[bethannbitt]

When it comes to the stock market, people don't ever seem to think they've won too much. But any loss always seems to be unbearable. I can generally successfully detach by reminding myself that we’re still really just fine, I’ve got awesome friends, and my lovely nearby walks and that daily view of the Swiss Alps are all still free.

[yesterday]

When it comes to the stock market, people don't ever seem to think they've won too much. But any loss always seems to be unbearable. I can generally successfully detach by reminding myself that we’re still really just fine, I’ve got awesome friends, and my lovely nearby walks and that daily view of the Swiss Alps are all still free.

That's exactly right, there are much more important things in life than the stock market, seeing friends and family, living in a nice place with great things to do is much more important.

As long as you do not sell, you have lost nothing with this correction, as it will come back in time, just wait it out, and if you have some spare cash around, it maybe a good time to buy, maybe in a few weeks. Lets see what happens next.

Having said that, this thread is about the stock market, so I think its fair to talk about whats going on with the stock market here, without needing to point out that their other things in life

[HEM]

As long as you do not sell, you have lost nothing with this correction, as it will come back in time, just wait it out,

You just have to live long enough to see the recovery. 4 years is a long time when you are over 70.

[bethannbitt]

As long as you do not sell, you have lost nothing with this correction, as it will come back in time, just wait it out, and if you have some spare cash around, it maybe a good time to buy, maybe in a few weeks. Lets see what happens next.

Having said that, this thread is about the stock market, so I think its fair to talk about whats going on with the stock market here, without needing to point out that their other things in life

My apologies. I just meant to inject some levity. For mere mortals this is definitely not a happy time. I agree that this is a correction, but most people will be very, very hurt by future hits. And all is so unpredictable with this regime. I am profoundly sorry about how they are behaving.

[bethannbitt]

As long as you do not sell, you have lost nothing with this correction, as it will come back in time, just wait it out,

You just have to live long enough to see the recovery. 4 years is a long time when you are over 70.

Yep. These are not easy times for planning. I've got a very healthy mother about to turn 88 that my sister and my husband and I have to look after if/when her meager assets run out. Hopefully this regime won't take away her teacher's annuity pension and her Social Security survivor benefits. I'm really sorry to see this pain being inflicted on the world.

[Eric7]

Going to be a bloodbath today...

[yesterday]

I think the real bloodbath will come when the EU and Japan announce their retaliation.

[Eric7]

I think the real bloodbath will come when the EU and Japan announce their retaliation.

That will be another bloodbath.

Weekly bloodbaths!

[alma.freya]

Going to be a bloodbath today...

-0.18%. What is this? A bloodbath for ants?

[Eric7]

Going to be a bloodbath today...

-0.18%. What is this? A bloodbath for ants?

Europe & asian markets hammered... US seems untouched.
Crypto started the day very badly but rallied.

[Alberto]

Look at the bright side.
All other countries have now extra incentives to lower trade barriers among themselves.

[Fraufruit]

Europe & asian markets hammered... US seems untouched.
Crypto started the day very badly but rallied.

Wrong! US got hammerd bigly.

[Eric7]

Europe & asian markets hammered... US seems untouched.
Crypto started the day very badly but rallied.

Wrong! US got hammerd bigly.

Stimmt!

[bethannbitt]

Europe & asian markets hammered... US seems untouched.
Crypto started the day very badly but rallied.

Wrong! US got hammerd bigly.

Stimmt!

I guess we're watching different news. You had me puzzled, since my advisor told me that our numbers look better today.

https://www.theguardian.com/business/li ... 01d2573270

https://www.nbcnews.com/news/world/mark ... rcna200148

[Sx4]

I have a quick question (not related to current events

What are some good ways (interest earning) to save money in DE (Euro) as an emergency funds. Currently we have some in savings accounts oversees and it still takes 4-5 days to get hold of the money, so Ideally we would like to save it in Euro and here.
Thanks

[dstanners]

If you need access to the money fast, then to transfer money here, one option is to use a service like wise.com (formerly transferwise) which is fast and cheaper than most banks. They have recently started offering an interest bearing current account too.
I've been using them for about 10 years without any problem.....and if you like it and decide to create an account via the link below, I get 90 Euros!
https://wise.com/invite/dic/davids483

I know some other folk who have found online banks like Revolut to be useful, as apparently they also offer interest bearing multi-currency accounts.

In terms of investing in stocks/shares/ETFs, using a German broker makes it easier for tax returns in Germany. I have found scalable broker to be really user friendly, and is low cost.

Oh, I'm not a financial adviser by the way, so there are likely to be other and better opinions available etc etc....

[Sx4]

Thanks for the reply, I have a WISE account and transfer using their services....but now I am specifically looking to keep the emergency funds in DE. My question was what specific investments (e.g High yield savings, or CD, etc) can one save money in. I tried bundeswertpapier, but its not allowed for US citizens, and ETFs/mutal funds have PFIC regulations.

[HEM]

Tagesgeld at the Bank of Scotland (based in Berlin). NOT the Royal Bank of Scotland.

https://www.bankofscotland.de

[alma.freya]

Tagesgeld at the Bank of Scotland (based in Berlin). NOT the Royal Bank of Scotland.

https://www.bankofscotland.de

So, the Unroyal Bank of Scotland?

Thanks for the reply, I have a WISE account and transfer using their services....but now I am specifically looking to keep the emergency funds in DE. My question was what specific investments (e.g High yield savings, or CD, etc) can one save money in. I tried bundeswertpapier, but its not allowed for US citizens, and ETFs/mutal funds have PFIC regulations.

You can keep money in a normal savings account and earn interest. Money can be deposited and removed without restriction or penalty.

https://www.finanztip.de/tagesgeld/

[yesterday]

I did hear that WISE is not a bank, so it does not come with the 100000 loss cover that you normally get with banks, but I am not sure.

WISE do offer a good rate, so its wise to use them for storing money there that you might need quick.

If they do not offer the 100000 guarantee, I would say only use them with smaller amounts, as you never know what can happen.

Its hasstle, if you sick with banks like the royal bank of scotland, because they are normally offering a higher rate for only 3 or 6 months, then you have to look around for a better deal and switch to another bank or you automatically drop to a lower rate of interest.