[PloutosNX]

Hi,

Oh, I hadn't seen that the discussions had continued on this post.
I will also take the opportunity to ask you for access to your spreadsheet, I also tried to make one, but for monitoring the main indices.

I wanted to clarify a point with Jerome regarding quantitative analysis. If I refer to a strategy from your e-book (QVM3 for example), how do you define the moment to sell?
Is a stop loss of 15% sufficient or is it better to define an exit following another ratio according to your experience?

I'm taking the opportunity to bounce back on cryptos by trying to answer some of your questions.

If you want a "safe" platform and for major cryptos or just BTC take "Bitstamp" or "Kraken".
Regarding the point raised by jlevray and securing your BTC off-network, he mentions having a "wallet" of which you are the owner and where you have the private key, which alone allows you to transfer BTC.
You can share the public key with everyone and receive BTC for example, but only the private key allows you to make/initiate an exchange, this is the crucial/fundamental point of the blockchain, whoever holds the private key owns what is there.
You can either do it with a piece of paper or buy a hardware wallet (for example the Ledger Nano S), the most important thing being to keep the key (called seed, composed of 12-24 or even 25 words) safe.

I hope I have been able to shed some light.

Have a nice end of the day,
Xavier

[PloutosNX]

Hi Jerome,

I'm coming back to you regarding the use of FT for monitoring investments.

How do you manage the whole thing? Do you only enter the purchase values (and dates) and then when you resell, you delete the line?
I noticed that the cash is managed in a strange way, I cannot put several accounts and when I add a value in a fiat currency, all the entries are put in this value.

I must have missed something, but I can't seem to find my mistake.

Good day,
Xavier

[PloutosNX]

Hi Jerome,

I think I need to take it step by step. I have the book you mentioned, but I haven't read it yet. I had planned to reread "The Intelligent Investor" before, because a first reading is not enough and "Securities Analysis" is on another level as I understood. I had too many questions about reading and understanding financial statements to start.

I also think I have a tools problem. I will open another post to avoid mixing everything up.

Have a nice end of the day.
Xavier

[PloutosNX]

Hello Jerome,

I'm coming back to you regarding the "Price to Book" for an ETF.
What would be a correct value? I can't seem to find what to pay attention to. I think this may also be different depending on the region.
If I take a P/B ratio lower than 1, I think we can say that the market is undervalued and on the contrary higher than 3 that it is overvalued?
Is this correct? These values (<1 and >3) are usable for both an ETF and single stocks in my opinion.

Good day,
Xavier

[PloutosNX]

Hello Jerome,

I have a doubt about the VNQ ETF. Does it only cover the US market?
If so, I think that in your chapter "Relative momentum" there is an error in the name of the ETF for real estate outside the US.

Good day,
Xavier

[PloutosNX]

Good evening Jerome,

Unfortunately I couldn't post it on Amazon, that's why I already wrote here... I'll try again later to put one on Amazon.

Good evening,
Xavier

[PloutosNX]

Hello Jerome,

Here is my first reading finally finished! "A quality and precision of Swiss cuckoo!" are the first words to summarize my thoughts in order to qualify this work.

This book brings another vision and reflection to achieve financial independence. We are very far from the current standards that just sell wind. This first reading pushes me out of my comfort zone and raises even more questions.

Thank you Jerome for this book whose content is very relevant. I have already recommended it to a few people around me and I will continue without moderation.

Best regards,
Xavier

[PloutosNX]

Hello Jerome,

The rereading brings many corrections, but it is impossible to see everything!
It's not necessarily a lynx eye, I simply spent time on the painting and eventually I told myself that there was something that didn't fit.

No, nothing needs to be changed for ETFs and the best performance! It was me who made a mistake regarding ETFs. I took the IEF for an emerging country ETF (confused with the IEMS). In my opinion, don't change anything in your book and as I told you, I will have to reread certain passages to understand the subtleties that escape the first reading.

This is often a difficult observation regarding the forum and its use and I have had the same disappointment in the past and the different sites that I have created.
The writing of my various questions and pots aims to understand and have answers, but also to try to animate the forum.

Good point about my typo! I'll find the excuse that the V and the B are too close on the keyboard. I hesitated to specify that I won't be able to find spelling mistakes, because given the number of them I make... but more careless mistakes!

Good day,
Xavier

[PloutosNX]

Hello Jerome,

Thanks for the recommendations. Will your new book be a complement or a replacement for the current one?

Good day,
xavier

[PloutosNX]

Hi Jerome,

Is there any good literature that explains all this?

Also the values which are correct or is it your experience which allows to affirm this (the % or ratio)?

Good afternoon,
Xavier

 

[PloutosNX]

Hello Jerome,

I also use FT partly, but I want to have something more global. I will continue to search for the Holy Grail.

Good day,
Xavier

 

[PloutosNX]

Hello Jerome,

Thanks for the clarification.

[PloutosNX]

Hello Jerome,

I think I misrepresented the question that dismays ETFs.
Are the ETFs that you give as references in your asset allocation the ones you use or have you selected others?

I may have also misunderstood... You don't use these ETFs (CHSPI, CSSX5E, ISE, CSSPX/XSVM, CSCA, SJPA, SAUS) to invest, it's just to follow the trend?

Regarding emerging country stocks, do you only take small CAPs (EEM) or do you mix them with other ETFs (IEMS)?

Xavier

[PloutosNX]

Hi,

I made the same "mistake last year"... too bad it's almost 20% of lost earnings.
You can always transfer a 3rd pillar to another bank (or VIAC in this case). That's what I did for one of them.

OK low risk you mean as "being the market" using index replication I guess.

I think a lot of the research and analysis for ETFs is already available in asset allocation, if Jerome can confirm that the ETFs he gives as references are the ones he uses.

Good evening.
Xavier

[PloutosNX]

Hello Jerome,

I looked at these last few stocks that matched certain criteria, but there's nothing that looks correct.

I just reread your last post and I can't understand what you mean by comparing EV with FCF or EBIT/DA.

Cash is almost half of the tangible book value, so there should be no liquidity problem.

The EV is about 6.5 times FCF and 3.8 times EBITDA, but how to interpret this?

Good evening,
Xavier

[Author]

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