Received an email from Mark, who asked for advice about investing in P2P platforms:
Basically, ~127k EUR is sitting around and not working. I do have Bondora and I was one of the early investors in 2012 when it was called Isepankur. Problem there is I don’t understand what’s going on there-it is displaying my ROI as 15% but everyone is saying that it’s not real because they don’t calculate defaults correctly and real returns are ridiculously low.
Considering all of the above, do you recommend investing in Mintos and/or Twino?How would you suggest getting enough math skills to be able to figure out what’s going on with my account at Bondora, how to calculate XIRR(not sure?) etc.
If not Mintos/Twino, what passive strategies would you recommend to put the capital I have sitting idle to work.
Continue reading Would I invest 127k EUR in P2P platforms like Bondora, Mintos, Twino?
When I opened my DNB Trade account in 2015, my first trades were a bit crazy, among them:
- $YHOO – lost only 4%, but should not have touched it at all
- $NBG – National Bank of Greece, lost only 25% (now delisted)
- $CHAD, $CHAU – ETFs with 2x leverage that follow CSI 300 Index
- $SUNE, $ZINC, $VRS – lost nearly 100%, delisted or went bankrupt
I tested my risk tolerance by starting with the most risky stuff I could find and when I got burned, moved to more safe things like sector ETFs with no leverage.
My most expensive lesson was from buying $UWTI – where I managed to lose about 80%, which amounted to more than $3700:
Continue reading How I lost $3700 and made $1500 with 3x leveraged ETFs
My experience with banks
I did my first stock trades in 2009 – used Swedbank and bought stocks in Baltic stock market. Later I also made couple of trades in US market, but was not happy about it. Paying $25-27 per each trade seemed too high. If I invest $1000 in one company and pay $50 in commissions to Swedbank, then I need to get at least 5% return just to cover trading fees. Not cool. Spent 250 EUR in fees.
Continue reading How to avoid high fees when investing in stocks?
After I spent about 1 month opening a trading account in Norvik bank, on October 25th I finally bought my first options. I chose Herbalife PUT options with the longest term and with the lowest strike price that were available: $35 strike price, expire date: 2019-01-18
Continue reading First option trade: Herbalife
If you read my last post „How to buy options in Latvia?” then you know I planned to open a trading account in Norvik bank. In this post I will describe the process in more detail.
It is not easy to trade options in Latvia, so I will describe the process how to get started and what to expect in terms of costs.
Continue reading How to buy options in Latvia?
If we look at things very simply, there are 3 main options, how to invest in stock market:
1. Select stocks yourself
You can create a stock portfolio of companies that you believe in and hope that these companies will grow and make you rich. But to get good results over the long-term, you will also need to spend lot of time learning about stock market. If you don’t have time and will pick stocks without doing any research, you risk getting burned.
For example – this is how GoPro stock chart looked like after IPO – price shot up 300% from $30 to $90 in just 3 months. Imagine, how high it could go in 2 years? Let’s say, you would have invested $990 and bought 11 GoPro shares in Oct 2014, paying $90 for each share.
Continue reading How to invest in stocks and outperform fund managers?