Does Stock Picking Still Make Sense? Yes, it does!

Many "experts", at least in Germany, state nowadays: currently the markets are driven by macroeconomic factors (FED and ECB policies, quantitative easing, etc) thus the stock picking does not make sense. We show that it still does. Continue reading "Does Stock Picking Still Make Sense? Yes, it does!"

Visualizing the Data on 6356 American Stocks – with R source code

By current artificial intelligence, big data and robo-advisory hype many people believe that computers can do everything for you. I am pretty skeptical about it. Never denying (and actively engaging by myself) a computer-aided trading and investment I always claim "man and machine" rather than "man vs. machine". In this post I show you how to summarize and visualize the data from Alpha Vantage for 6356 American stocks. Continue reading "Visualizing the Data on 6356 American Stocks – with R source code"

Patterns of Technical Analysis – Do They Work?

Seven years ago I tried to reproduce the results of "Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation" by Lo, Mamaysky and Wang with more recent data than they used. Lo et al come to the conclusion that the chart patterns are statistically significant (which does not yet mean their practical usability). My results shows that there is no statistical significance (anymore). Continue reading "Patterns of Technical Analysis – Do They Work?"

Susan Levermann Strategy – 13 rules that work on the stock market

On the 8 of March, the international Women's Day we review the strategy of Susan Levermann, a highly successful portfolio manager. Hollywood shows the Wall Street as a typically masculine domain. However, Frau Leverman has proven that a smart and persistent vixen may be more successful than an impudent and impatient wall street wolf. Continue reading "Susan Levermann Strategy – 13 rules that work on the stock market"

Rendite-Rechner für Sparplan (bzw. beliebigen Cashflow ohne Teilauszahlungen)


Bedauerlicherweise kennen nur die wenigen Privatanleger die Renditen ihrer Sparpläne. Dieser kostenlose Online Rendite-Rechner soll die Situation ändern. Im Internet gibt es jede Menge der Renditenrechner. Allergings lassen Alle nur die Einmaleinzahlung und die regelmäßigen gleichen Sparraten zu. Die Realität ist aber komplizierter, so geben wir Dir die Möglichkeit, die Rendite eines Sparplans mit beliebigen Einzahlungen zu kalkulieren. Lediglich sind die Entnahmen nicht erlaubt, da man die Rendite bzw. den Effektivzins für einen Cashflow mit Teilauszahlungen generell nicht eindeutig definieren kann. Continue reading "Rendite-Rechner für Sparplan (bzw. beliebigen Cashflow ohne Teilauszahlungen)"

JuniorDepot3a – explaining correlation and diversification to a 7 year old girl

Market fall and so does Elle's portfolio. However, we still perform better than market due to diversification. So we use the opportunity to explain a 7-year old girl the idea of correlation. Continue reading "JuniorDepot3a – explaining correlation and diversification to a 7 year old girl"

Market Data Quality – Beware the Splits and Dividends

Recently we made an ex-post analysis of our ETF screening efficiency and detected the price data inconsistency for 4 of 21 ETFs in question. Having a closer look at these ETFs, we explain the causes of inconsistency and emphasize that your trading strategy is only as good as your data (quality controls) are! Continue reading "Market Data Quality – Beware the Splits and Dividends"

Screening DeGiro free ETFs – 5 months later

On 3rd September 2017 we published a gallery of 21 ETFs and ETCs, which can/could* be traded (one a month) free of charge by our broker DeGiro. We always encourage you not to forget the past, so we publish current charts of these ETFs and you can see how things went on. Continue reading "Screening DeGiro free ETFs – 5 months later"

JuniorDepot I – Eröffnung bei DeGiro – Basic oder Custody?

Finanzieller Analphabetismus in Deutschland ist – unserer Erfahrung nach - wirklich schrecklich. Leute wollen keine Steuererstattung beantragen (lassen), lehnen jegliche Alternativen zur Hausbank ab und zahlen (zu) hohen Zinsen, und so weiter und so fort. Heute aber berichten wir um einen erfreulichem Fall: einer von unseren Stammleser will für seine siebenjährige Tochter das Depot eröffnen und €100/mo. investieren, so dass die Mädle sich zur Volljährigkeit ein Auto leisten kann.
Da es ein wirklich vorbildliches Vorhaben ist, werden wir dieses Projekt während der nächsten 11 Jahre ausführlich erläutern. Wir fangen mit der Brokerwahl und die organisatorischen Nuancen an.
Continue reading "JuniorDepot I – Eröffnung bei DeGiro – Basic oder Custody?"

Volatility Clustering and Piecewise Homoscedasticity – Part II – 2940 stocks – [M-Z]

Stock tickers from M to Z. Continue reading "Volatility Clustering and Piecewise Homoscedasticity – Part II – 2940 stocks – [M-Z]"