Lazarus
9 Jun 2025
Off-Topic / Stock Market Talk and Trading - part 2 [732]
Interesting question. How do you want to run this? I'd be thinking that this is Polish forums, so we should base the contest in PLN. How about everybody gets six lots of PLN 100,000, exchanged into whichever currency their chosen shares/units are sold in at the NBP rate on the start date and then on each measuring date the value of their shares/units is converted back into PLN? So with WIG 30 at PLN 3,543.56 I'd get 28.217 units in that, with SMI at CHF 12.366,17 and CHF 1 = PLN 4.55 I'd get 1.7773 units in that and so on. Then on measuring day I'd get the SMI times 1.7773 and that CHF amount converted into PLN at the NBP rate for measuring day.
Is it that much?! I must admit that I don't read the fine print as carefully as I probably should.
Edit: is it really 1.5% for a passive tracker? I just checked the fine print for Goldman Sachs Akcji CEE (invests min 50% in Polish stocks and the rest in CEE stocks) and that's 1.9% admin fee (admittedly plus a performance fee of up to 20% of the gain).
you want to choose one currency to be measured in.
Interesting question. How do you want to run this? I'd be thinking that this is Polish forums, so we should base the contest in PLN. How about everybody gets six lots of PLN 100,000, exchanged into whichever currency their chosen shares/units are sold in at the NBP rate on the start date and then on each measuring date the value of their shares/units is converted back into PLN? So with WIG 30 at PLN 3,543.56 I'd get 28.217 units in that, with SMI at CHF 12.366,17 and CHF 1 = PLN 4.55 I'd get 1.7773 units in that and so on. Then on measuring day I'd get the SMI times 1.7773 and that CHF amount converted into PLN at the NBP rate for measuring day.
a 1.5% handicap that reflects the typical cost of holding an index fund for a Polish resident.
Is it that much?! I must admit that I don't read the fine print as carefully as I probably should.
Edit: is it really 1.5% for a passive tracker? I just checked the fine print for Goldman Sachs Akcji CEE (invests min 50% in Polish stocks and the rest in CEE stocks) and that's 1.9% admin fee (admittedly plus a performance fee of up to 20% of the gain).