4 ms·

Investing. It takes a lot of time to have an understanding of filtering the good long term stuff from the bad short term strategies, but it's worth it.

solids 8y ago
How you started?
vasili111 8y ago
Online? If yes, which platform do you use?
- xiphias2 8y ago
  If you're going long term, the platform doesn't matter at all. With short-term trading quants have a huge advantage (I went through an interview at a hedge fund, I know how smart they are, but their downside is that they have to have high sharp ratio to attract investment). I'm always looking at 5 year+ investments only
  - ww520 8y ago
    What's their typical threshold for Sharpe ratio?
    - xiphias2 8y ago
      I've got accepted, but at the end I decided to go back to work at Google for personal reasons, so I don't know that much of the inner workings of the criterion.
- wwasilev 8y ago
  If you're conversant in financial accounting, I can recommend https://www.portfolio123.com https://www.portfolio123.com . They use Compustat data. However, building your own models will require significant effort, but it's worth it. I think of it as a site for the thinking investor.
samsonradu 8y ago
Would like to hear more about this, specially from an European perspective and EUR-denominated investments.
- xiphias2 8y ago
  I'm focusing on Bitcoin and physical gold / silver, as I view stocks and houses overvalued, but I always get downvoted here on HN when I go into details, that's why I prefer if people read a lot for themselves. I like Mike Maloney's youtube series as a start on macroeconomics.
  - bardworx 8y ago
    Are there any other books/yt channels you recommend on long term investment? And would you allow me to ask some follow up questions? Thanks.
    - xiphias2 8y ago
      Sure, no problem. As you can see I didn't dig deep in other instruments, though there are a lot of interesting things (selling puts for banks, corporate bonds, buying VIX), but they require due diligence as well, you just need to dig deep and read everything that you can find about them. This is the video series I was writing about: http://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ http://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1Vb... Mike Maloney most important part of the film about investing in silver: http://www.youtube.com/watch?v=vAAIwef3dOg http://www.youtube.com/watch?v=vAAIwef3dOg Why you should invest in Bitcoin (Tuur Demester, 2013): http://www.youtube.com/watch?v=K7LQu-eIOO0 http://www.youtube.com/watch?v=K7LQu-eIOO0 Bitcoin Whitepaper: http://bitcoin.org/bitcoin.pdf http://bitcoin.org/bitcoin.pdf Origins of money (by Nick Szabo): http://szabo.best.vwh.net/shell.html http://szabo.best.vwh.net/shell.html http://szabo.best.vwh.net/index.html http://szabo.best.vwh.net/index.html Also if you decide to invest into Bitcoin, the most important things are: - Buy only what you can hold for at least 5 years (and expect the 95% downturns) - Use a hardware wallet (I prefer https://trezor.io/ https://trezor.io/ , Ledger is probably OK as well, but the source code is really ugly, and it has a trusted module that I don't trust). - Don't buy alt coins, or if you do, make sure that you read the source code, look at the test coverage, read cryptography books to understand their cryptography, see how many bugs they have, make sure that you are really able to run a full node that synchronizes from the genesis block, if it has smart contracts, see if the smart contracts have integration tests as well, look at the energy that's securing it...there are a lot of reasons why I never ever thought of buying any alt coins.
tomerbd 8y ago
at which price did you start buying bitcoin?
- xiphias2 8y ago
  $150. At that price it was a much more risky investment. The software, hardware, regulation environment improved a lot. I bought as a high risk high reward long term investment, waiting for 1 BTC to worth millions of dollars in the next 20 years, or 0.
- andirk 8y ago
  700

solids 8y ago

How you started?

vasili111 8y ago

Online? If yes, which platform do you use?

xiphias2 8y ago
If you're going long term, the platform doesn't matter at all. With short-term trading quants have a huge advantage (I went through an interview at a hedge fund, I know how smart they are, but their downside is that they have to have high sharp ratio to attract investment). I'm always looking at 5 year+ investments only
- ww520 8y ago
  What's their typical threshold for Sharpe ratio?
  - xiphias2 8y ago
    I've got accepted, but at the end I decided to go back to work at Google for personal reasons, so I don't know that much of the inner workings of the criterion.
wwasilev 8y ago
If you're conversant in financial accounting, I can recommend https://www.portfolio123.com https://www.portfolio123.com . They use Compustat data. However, building your own models will require significant effort, but it's worth it. I think of it as a site for the thinking investor.

samsonradu 8y ago

Would like to hear more about this, specially from an European perspective and EUR-denominated investments.

xiphias2 8y ago
I'm focusing on Bitcoin and physical gold / silver, as I view stocks and houses overvalued, but I always get downvoted here on HN when I go into details, that's why I prefer if people read a lot for themselves. I like Mike Maloney's youtube series as a start on macroeconomics.
- bardworx 8y ago
  Are there any other books/yt channels you recommend on long term investment? And would you allow me to ask some follow up questions? Thanks.
  - xiphias2 8y ago
    Sure, no problem. As you can see I didn't dig deep in other instruments, though there are a lot of interesting things (selling puts for banks, corporate bonds, buying VIX), but they require due diligence as well, you just need to dig deep and read everything that you can find about them. This is the video series I was writing about: http://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ http://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1Vb... Mike Maloney most important part of the film about investing in silver: http://www.youtube.com/watch?v=vAAIwef3dOg http://www.youtube.com/watch?v=vAAIwef3dOg Why you should invest in Bitcoin (Tuur Demester, 2013): http://www.youtube.com/watch?v=K7LQu-eIOO0 http://www.youtube.com/watch?v=K7LQu-eIOO0 Bitcoin Whitepaper: http://bitcoin.org/bitcoin.pdf http://bitcoin.org/bitcoin.pdf Origins of money (by Nick Szabo): http://szabo.best.vwh.net/shell.html http://szabo.best.vwh.net/shell.html http://szabo.best.vwh.net/index.html http://szabo.best.vwh.net/index.html Also if you decide to invest into Bitcoin, the most important things are: - Buy only what you can hold for at least 5 years (and expect the 95% downturns) - Use a hardware wallet (I prefer https://trezor.io/ https://trezor.io/ , Ledger is probably OK as well, but the source code is really ugly, and it has a trusted module that I don't trust). - Don't buy alt coins, or if you do, make sure that you read the source code, look at the test coverage, read cryptography books to understand their cryptography, see how many bugs they have, make sure that you are really able to run a full node that synchronizes from the genesis block, if it has smart contracts, see if the smart contracts have integration tests as well, look at the energy that's securing it...there are a lot of reasons why I never ever thought of buying any alt coins.

tomerbd 8y ago

at which price did you start buying bitcoin?

xiphias2 8y ago
$150. At that price it was a much more risky investment. The software, hardware, regulation environment improved a lot. I bought as a high risk high reward long term investment, waiting for 1 BTC to worth millions of dollars in the next 20 years, or 0.
andirk 8y ago
700