I am experimenting I have as closely as possible tried to copy I shares dax ETF. Germany has a lot of good companies plus some of them pay a healthy dividend unlike the ETF. How close do you all think I can track the dax performance?
Well if you reproduce the DAX perfectly you should track it perfectly as it would literally be the index in your pie. I don’t know how many companies are in the DAX index but Pies are limited to 50 instruments max (haven’t tried it myself but someone told me that on here a couple of months ago).
Only problem I see is that the % of each company in the DAX is changing based on the % of total market cap it represents. So you’d have to update your pie now and then if you really wanna stay relevant. That being said, I highly doubt % of total market cap for a given company vary substantially on small periods as that would require the company to skyrocket Tesla-style for some reason.
Anyway, what you’re planning is doable if you ask me…
30 Companies in the dax. I’m not able to track perfectly because 212 pies don’t allow 20.3% just 20% but I think I can get pritty close. The benefit being I actually own the stock and no fees
If only 30 companies. You’re all set and good to go I guess. It’s actually a pretty good idea to save money. Might do the same at some point !
If you type over the percentage box then you can do decimal places if this helps?
It does. Just got in.from.13 hr shift at the hospital I will rebalanced it all tomorrow. Dividend yield.ranges from.3.5 -6% on the.companies in the dax so growth will be.much higher this.way
So far so good the I shares Dax is at minus 0.75 % my pie is at minus 0.62 % but no fees and I get good dividends www.trading212.com/pies/l7j8VY96PBv70HFiwpuTgC2xIPXK