2 minutes
Editorial Invest in Slovakia
Norbert is a trained strategist. He has been active in the financial markets since 2000. He started with day trading and later switched to investing. In 2007, he was at the birth of Papuc Investor, which originally started as a 4-member investment club. In January 2014, he launched Slipper Investor as a service for all.
How does Norbert present himself?
On his blog he has written: "I launched Papoose Investor in January 2014 as a service for all "regular" people and have been working on it full time since 2016. I try to pass on my experiences, both good and bad, and promote the idea of long-term regular investing. My intention is to build a community of investors with whom we will be at least as comfortable and "profitable" as we were in Papuch's original line-up. Thank you for helping me do that!"
What is the benefit of premium membership?
One has access to my portfolios and to me personally. Anything I can pass on to you as a tool and you use it yourself, you have for free. If you want expertise and analysis, my time, you pay for it.
What would he say to people who are afraid to invest?
First, it is important to understand that there is no get-rich-quick formula. It's all about building up gradually. It is very difficult to achieve above average returns over the long term. The first point is to have realistic expectations. Second, patience is essential and investing is a long run.
Who was Norbert inspired by?
Joel Greenblatt and his magic formula, the so-called formula, were the inspiration for the founding of the idea of the Slipper Investor. Joel says this in a nutshell: "Buy quality companies at a low price and you can't overbuild in the long run." He has found a way to pick out quality from those companies and that have a good price. Joel further recommends. Every 3-4 months pick companies, hold each investment for a year and sell. Create a portfolio of about 20 companies and diversify.
What does Donald Trump's "100 minus age" theory say?
You take the number 100 you subtract your age, the rest goes into stocks and the rest goes into bonds. The older you get, the more stable bonds and the more volatile stocks. According to Norbert, this has long been an accepted truth. If one can't think better, that's OK. Stocks are supposed to make money, but they carry more risk of fluctuation. Bonds are supposed to stabilize the portfolio. If stocks go down, bonds go up, which generates cash for me. I can use that to buy cheaper stocks. Thus, the closer I get to old age, to retirement, the more I need stability. Having less than 20% of stocks in my portfolio means I'm lowering my return and increasing my risk.
What does money mean to him and who is rich?
For him, money is a tool for something he can provide for himself. A rich man is one when the income from his investment exceeds the level of his expenditure.
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