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    Mark Spitznagel is a fairly interesting individual. Reading up on him with ~20 tabs open in my browser and a new book on my Kindle :)

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      We now have country tags and I personally don’t mind non-English links as long as they’re tagged properly (and thus, easy to filter out).

      My only suggestion would be to keep the on-site discussion in English for the time being at least. Going forward (and as we grow), if enough users will find it useful conversing in their native language, let’s do just that.

      And this brings me to another point – I have repurposed the original codebase to cater for the investing & personal finance communities specifically. In other words, I’m trying to shift the focus from link aggregation to conversation because I think this model makes more sense in this domain.

      Having said that, if the sole purpose of your submission is to share an external resource (which very well may be in any language), please try to provide a useful commentary in the text field (in English) and apply the correct country tag.

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        I like the idea – it would be nice to get rid of the inherent country bias as it is the case on many forums.

        What tags would you suggest? How about "US", "EU" and "Asia" for starters, and we’d add new ones on a request-basis expressed here?

        Also, what rules do we choose to enforce? Would the tags be based on the country of residence of the author or on the particular security matters that are being discussed? For example, which tags would be appropriate for this story? Is it "US", "EU" or both?

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          Agreed, keep it as broad as possible to begin with. “China” may be a relevant starting tag depending on users here.

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            Using both “US” and “EU” might be appropriate in this story. It would then indicate that there is a relationship between these tags (countries)

            However, it might get a bit messy when you as a user that uses the “search” function would be interested in seeing all the stories about “EU citizens that want to do US affairs” - those would have the same tags (US, EU) as the stories about “US citizens that want to do EU affairs”. When combining it’s harder to differentiate but I guess that’s the nature of tags. 🌂

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              While the author is mentioning living in Europe, being paid in Euros and his intent to invest in an Eurozone index, my personal opinion is that a "US" tag would be more appropriate for this particular story as it is mostly relevant to US citizens. I say let’s use tags based on who they are relevant for rather than the user’s citizenship or location.

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              With continent tags, EU could get messy. For example, I’m located in DE and I find /r/finanzen much more relevant than /r/eupersonalfinance.

              I’m personally inclined towards country tags, but I’m also OK with continent tags and the others on a request-basis.

              For the story you linked to, I think both US and EU apply. 🤷‍♂️

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                Fair enough, let’s go with countries then – it just dawned on me that even within the European Union there may be country-specific questions and issues (e.g. distinctive tax treaties with US).

                As suggested, I’ll create new tags on a request-basis. I take it you’d like "Germany" 😊

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                  I take it you’d like “Germany”

                  Yes, please!

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              Interactive Brokers UK, Ltd. is perhaps indeed your best bet.

              Before opening a brokerage account and loading on ETFs however, watch out for the US tax on dividends, and the US estate tax. This last one is especially nasty, as it applies to the balance of any US holdings above $60k. See if you are able to use (non-US) accumulating funds to avoid paying either US or local dividend taxes. I’d stick to Irish-domiciled ETFs if I were you (assuming you’re not an Irish resident).

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                That’s useful advice, thank you. I didn’t realize there are so many ETFs domiciled in Ireland!

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                My understanding is that practitioners generally do not use a single method, but a mix of multiple ones to arrive to a “range” of values. So to answer your question, I don’t think there’s a “general consensus” on this as intrinsic value is intensely subjective and dominated by different variables and factors.

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                  To add that investment bankers call this a football field graph. Generally, it’s composed of a DCF, public comparables (“comps”) and precedent transactions. Generally, the value of the company you will get using each methodology will be DCF > Precedent transactions > Comps.

                  This just shows that there is no such thing as company intrinsic value. Moreover, the value will be different for each buyer: a strategic buyer can achieve synergies so is willing to pay more, whereas a financial investor will pay less as there are no synergies to be achieved.

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                  This is a fantastic series of posts in that it references and comments on many of the previously written articles, so that one can just read this series first and not worry too much about what was written before. Great share.

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                    • Read up on finance, learn about assets vs. liabilities.

                    • Understand buying vs. renting before doing either.

                    • Keep monthly (recurring) expenses low - understand want vs. need.

                    • Time in the market beats timing the market.

                    • No one has it figured out. Youth will always be wasted by the youth.