Luke

Well, the service safes paypal account data for 1 year+ but crypto data is safed for 40 days i believe so there is a tiny difference in how they manage the data for which i would have preferred paying a small sum in crypto but apparently thats not as easy as i thought

I wanted to pay small amounts to a service where Id like to be anonymous lol

I needed to pay something online so i used coinbase first time and bought my first 20 eur of bitcoin ever in my life. I am more than disappointed. First i paid 1.79€ transaction fee to buy the stupid thing. Then i can not even pay the service because the minimum amount of sending is way too high: Can you guys recommend me a better platform? I think coinbase is a really good short btw Now i have 18€ of bitcoin i will just let chill on coinbase i guess...TO THE MOON

Thanks!

Boris Johnson admitting its a proxy war in ukraine.

Could you share where he said that he doesnt quite understand PDD?

Happy Thanksgiving!!

Yeah, you always have to remember that many members on this board are 50+ and have a different mindset regarding risk and opportunity. If you want to get wealthy and you are young, betting big is the way to do it Nobody with 30 years of working salary in his portfolio will go 50% in one stock so thats just a different view (or most of them :D). Munger probably still would haha!

Yes, IB is the best option out there for EU citizens, with the cheapest margin, cheapest fees, reasonable customer service, and global access. Nothing comes close, and that's a shame that there isn't more competition, but IB is working very well for me, and I can recommend it.

Thoughts on Tepper betting big on China? Does anyone know his track record long term and how they invest? Is he actively managing the fund still or does he run a team etc? Added some more to PDD yesterday and still thinking if i should go deeper into China as long as the valuations are so depressed...

I HATE IB for not allowing us to convert negative currencies into other currencies and do carry trades at the EU IB!!!!

But is not true for all sectors right, some small cap software company in germany can still scale well when bought cheap etc so its not as black and white

So no way am i going to be long stocks that are reliant on the European union market growth. ASML etc are global players based in the EU and are totally fine and great companies.

You know, what trump does is very correct. Cheap energy is the blood of an economy, these greens have a noble mission but can not be accomplished with sustaining competitiveness against india or china. There are some estimate of 500b annual investments for 20 years to redesign a supply chain towards co2 neutrality and then its still questionable if the outcome leads to competitiveness compared to china 10th gen nuclear powerplants with recycling yadda yadda. As crazy as it sounds, germany or any other european country should abolish the EU, build new free trade zones with similarly wealthy countries (like the D-mark group before the euro, Netherlands, denmark, germany etc) and reinitiate trade with russia and China. The european continent together with russia and china has tremendous potential to be a counterweight against the US and could explode in wealth and progress if these countries work together. But nope, politicians further bow before the US and engage in war games, sanction games etc. To the detriment of progress and growth. J.D Vance knows this, trump knows this and i seriously hope they dont continue washington war games but press for neutrality, peace-building, mutual-trade etc. But you also have those guys who want to go full war against russia and china and want to send young men to death in a fight to maintain the inequitable economic power relations. We can end up in WW3 and the ones who are the loudest proponents are 60+ and sit at home watching TV and have 0 stakes in it.

The political future of germany looks horrible, until people vote for real change. Then new coalitions could be build and maybe new parties gain control but the incentives so far still look like that they will do further inventory management and make their 10-20k a month as politicians and move to the US in 2035 when germany totally collapsed They couldn't give an F really about the average joe in Germany and the majority of the party never did, as can be seen by 16 years of no progress under merkel. Do you think just because merz is a new face the member body changes? Nope. But politics in europe are such a disaster anyways that i dont see any hope for the continent unfortunately. There are people with no degree or work experience managing whole countries...we will just fall further behind the US and China with stalling growth, aging population, violent and unproductive migrants, expensive energy, unnecessary wars etc

Your articles have nothing to do with what i said. Where is the influence of trump on the moves by the FDP cancelling the coalition in advance? Trump wasnt even voted for, its totally unrelated. Merz is not a trump, he wants further escalation against Russia, he wont abolish climate targets and go drill baby drill, he will build a coalition with left socialist party or the greens?! Nothing trumpist here at all honestly. And the most important things are totally disregarded which is an uncompetitive infrastructure that needs hundreds of billions of annual investments. Money that is not there but could be there if they take on debt at meager 2-3%. But no...cutting taxes for corporations will do absolutely 0 because nobody wants to invest in a fundamentally broken industry. The CDU will further do pension gifts with the taxes because 50% of their voters are 60+. Its a fundamentally lazy and 20 years in the past party sadly.

Merz CDU+SPD or Merz CDU+Greens etc is basically the same policies as before with some cosmetic changes and maybe less migration. While China and the US spend trillions of USD in their infrastructure and also having way better energy basis i see no hope with these soft policies for a real turn around unfortunately. I have 0 German stocks in my account, and I wouldn't buy any of them right now, also not with a merz next year.

1. Scholzs exit was not because of Trump but because of the FDP planning their exit of the coalition in advance which forced scholz to fire the finance minister and destroying the current coalition. He wanted elections in late march but was forced by the CDU due to their presence in the parliament because without them they have no majority and are useless. The CDU pushing for elections faster is because they are likely to become the biggest party and can propose merz as a chancellor. Nothing of this was because of trump. 2. Trump is not reflected in merz: Merz wants further escalation with russia in ukraine, is thinking about a green coalition which will go through with the climate goals and further energy weakness and industrial problems. They are against loosening of the debt brake which will further lead to germany falling behind. The CDU is responsible for 16 years of 0 investments and 0 progress and now acts up as the new opposition which is highly questionable. The CDU is also not center right but sees themself as a middle (i have family members in the CDU). 1) Escalating the war is the exact opposite of what trump promised. 2) The migration crisis was caused by the CDU with the AFD as the only opposition and now the CDU is marketed as someone who is apparently ready to solve it, ha. 3) I answered on this one, coalition with the green means game over for Germanies energy and industry, he is pro climate goals etc so you wont have any change in policies here. And russian ressources still off the table. If you look at the planned well-fare savings 50b is a huge stretch and that would still only be 10% of our annual budget. He wont be able to do anything with this. Tax reductions for companies are mere cosmetics either.

Some questions: What did Merkel not do and could not do, which reality and which reforms? How is Trump going to achieve that with his presidency? Why would that make Europe or Germany more investable?

What is your total return for this year?

I remember my "your predictions for 2024 SP 500 thread". I ticked 5% Returns btw! xD

When Muddy came in, didn't it fall to 1200 CAD for a short period? I saw many guys here loading up back then...great return on those shares so far...

Well said.

Ok guys, do you recommend me to invest into bitcoin now? Should i sell Fairfax for it? Please explain your recommendation, thank you.