{"id":34837,"date":"2026-02-03T00:57:30","date_gmt":"2026-02-03T00:57:30","guid":{"rendered":"https:\/\/catalinx.ro\/wordpress\/?p=34837"},"modified":"2026-02-03T03:10:25","modified_gmt":"2026-02-03T03:10:25","slug":"buy-high-sell-low-isa-performanta-pa-ioropa","status":"publish","type":"post","link":"https:\/\/catalinx.ro\/wordpress\/?p=34837","title":{"rendered":"Buy High – Sell Low: ISA Performan\u021ba p\u0103 ioropa"},"content":{"rendered":"
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Demult de tot am discutat pe forum, cu Alin<\/a>, care \u0219tie mai bine cu \u0103stea, c\u0103 a f\u0103cut \u0219coal\u0103 \u0219i cred c\u0103 lucreaz\u0103 mai \u00een domeniu, despre DGI. Nu prea am fost eu convins, dar am zis s\u0103-ncerc, \u00een sensul c\u0103 dureaz\u0103.
Eu am abordat un pic alt\u0103 strategie. Stocurile de dividende care s-au apreciat puternic d\u0103 tot – am suspectat supra-apreciere, le-am pus strategie de exit s\u0103 se v\u00e2nd\u0103 c\u00e2nd fac drop.
\u00cen mod normal, a\u0219a ceva nu prea e OK, dac\u0103 v\u00e2nezi dividende<\/strong>.
Dar \u00een mod anormal eu am calculat a\u0219a:
B\u0103! – a\u0219a \u00eencepe orice calcul.<\/p>\n\n\n\n

Dac\u0103 eu am plecat de la un 3-5% randament pe dividende, conservator \u0219i \u00eentr-un an, sau mai repede, ac\u021biunile s-au apreciat cu ceva gen 30% sau mai mult \u00een timpi comparabili cu 1 an , sau mai pu\u021bin \u0219i tinde c\u0103tre supraevaluare, sau e umflat ca un balon deja, iar DAC\u0102 a\u0219 cump\u0103ra atunci ac\u021biuni a\u0219 avea randament semnificativ mai mic dec\u00e2t atunci c\u00e2nd am cump\u0103rat, \u00eenseamn\u0103 c\u0103 nu mai cump\u0103r, nu?<\/p>\n\n\n\n

Dar dac\u0103 a clipit \u0219i face drop – v\u00e2nd. ESTE UN PARIU, nu \u0219tiin\u021b\u0103, c\u0103 se pot \u00eent\u00e2mpla multe. Dar strategia mea e c\u0103 dac\u0103 iau anul \u0103sta dividende s\u0103 zicem 3%, ie bun<\/em><\/strong>! Dar e \u0219i mai bun s\u0103 iau 30-35%, c\u0103-s dividende pe 10 ani. \u0218i iau eu profitul \u0103la \u0219i \u00eel bag \u00een alt\u0103 companie care nu e supraevaluat\u0103, sau chiar \u0219i tot \u00een aia, dup\u0103 ce se cr\u0103c\u0103neaz\u0103 bula de tot. Dac\u0103. C\u0103 poate e doar un blip \u0219i \u00een loc s\u0103 cump\u0103r eu v\u00e2nd \u0219i continu\u0103 s\u0103 creasc\u0103. Se poate \u0219i aia, eu nu \u0219tiu viitorul.<\/p>\n\n\n\n

Am \u00eenceput portofoliul \u0103sta prin aprilie 2022 \u0219i la \u00eenceput de 2026\/ final de 2025 ar\u0103ta cam a\u0219a, dar platforma asta e proast\u0103 de bubuie, \u00een sensul c\u0103 nu \u021bine cont de pitrocelile mele.
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Adic\u0103 ce-am avut \u0219i ce-am v\u00e2ndut.
N-am plecat cu bani acas\u0103. Ce s-a dat , s-a luat altceva.
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Dac\u0103 te ui\u021bi brut. Am b\u0103gat din poznar 50,835 de bani. \u0218i la momentul c\u00e2nd scriu, portofoliul e evaluat pe la 61,500. Diferen\u021ba dintre excel \u0219i site-ul \u0103lora \u021bine de surse de evaluare diferite \u0219i rotunjiri. Deci pe la 21% a\u0219a, din dividende + v\u00e2nz\u0103ri anterioare ( cli\u0219eele sunt inten\u021bionate).
SLAB, dac\u0103 socote\u0219ti c\u0103 au trecut mai bine de 3 ani \u0219i jum\u0103tate \u0219i ce ani de infla\u021bie au fost. Adic\u0103 un 6% pe an, pare slab, foarte slab.<\/p>\n\n\n\n

Pe de alt\u0103 parte, a\u0219a arat\u0103 graficul investi\u021biilor, adic\u0103 aliment\u0103ri cu bani din buzunar, adic\u0103telea ultimele aliment\u0103ri le-am f\u0103cut acum c\u00e2teva zile, relativ la c\u00e2nd scriu eu, deci n-au avut timp s\u0103 se maturizeze.
Realist vorbind, profitul e relativ la sumele alimentate p\u00e2n\u0103 \u00een Q4\/2025, anume 42,040.<\/p>\n\n\n\n

Dac\u0103 renormez \u0219i portofoliul curent la sumele investite anterior, iese pe undeva pe la 52700, iese vreo 25%. Cam 7.14% pe an – nu func\u021bioneaz\u0103 a\u0219a dob\u00e2nda compus\u0103, dar nu da\u021bi cu pietroaie, e o aproxima\u021bie, c\u0103 oricum aprecierile n-au fost liniare.
Ce vreau s\u0103 ar\u0103t e c\u0103 am \u00eenceput cu un portofoliu mai degrab\u0103 mic, adic\u0103 la \u00eenceput de 2025 eram sub 25,000 lire investi\u021bi. <\/p>\n\n\n\n

Din ce am v\u00e2ndut, se vede c\u0103 n-am v\u00e2ndut nimic pe pagub\u0103 \u0219i nici n-o s\u0103. <\/p>\n\n\n\n

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Care e treaba cu dividendele: La portofoliul men\u021bionat, \u00een 2025 am \u00eencasat 1,878 de bani. <\/p>\n\n\n\n

Dac\u0103 socotim toat\u0103 suma investit\u0103 (50835) iese un randament de 3.69% sl\u0103bu\u021b. Ia so\u021bia dob\u00e2nd\u0103 la banc\u0103 sume din astea. Lua. Dac\u0103 ne uit\u0103m p\u00e2n\u0103 la Q4, c\u0103 restul sumelor au fost ad\u0103ugate la jum\u0103tatea lui decembrie , nu-s contribu\u021bii la dividende de acolo, randamentul e de 4.46%, raportat la infla\u021bia anual\u0103 de circa 3.8 – 5%, nu e \u00eembucur\u0103tor, dar cu infla\u021bia aia mai cresc ac\u021biunile.<\/p>\n\n\n\n

Dac\u0103 te ui\u021bi la randamentul invidual : unele de\u021bineri sunt blan\u0103, \u00een altele sunt io prost de bubui.

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Randamentul din dividende adunat randamentului anual din apreciere iese pe undeva mai mare dec\u00e2t infla\u021bia oficial\u0103. Not great, not terrible. Am f\u0103cut \u0219i bani ceva mai buni din v\u00e2nz\u0103ri, uneori din v\u00e2nz\u0103ri \u0219i recump\u0103r\u0103ri, vezi PSN<\/a>, unde pe l\u00e2ng\u0103 dividende, mai e un \u201done off\u201d de vreo 12% v\u00e2nzare pe cre\u0219tere \u0219i recump\u0103rare pe baz\u0103. Nu , nu fac market timing – \u00een sensul tradi\u021bional, adic\u0103 nu v\u00e2nd \u0219i stau cu banii \u00een buzunar, v\u00e2nd \u0219i cump\u0103r altceva. \u0218i nu, nu fac nici day trading ( c\u0103 nu m\u0103 pricep \u0219i nu am nici unelte pentru asta) , mai degrab\u0103 quarter \/ year trading.
La alte portofolii e similar dar mai mare ( aka US \/RO ). Cel mai bun randament, incluz\u00e2nd compara\u021bia cu infla\u021bia, e cel mai mare – \u00een Rom\u00e2nia. Destul de. Nu invit pe nimeni s\u0103 cumpere companii \u00een Rom\u00e2nia, c\u0103 e \u201dgarantat\u201d, sau c\u0103 e \u0219mecherie. Zic c\u0103 acolo am ob\u021binut profitul cel mai mare. M\u0103 rog, cre\u0219tere, profitul – c\u00e2nd s-o marca. <\/p>\n\n\n\n

La cum se vede treaba, \u00een principiu, \u00een 5 ani, \u00een ritmul \u0103sta, a\u0219 putea ajunge la 1M \u00een portofoliul de investi\u021bii financiare, doamne ajut\u0103, c\u0103 nu se \u0219tie. \u0218tiu c\u0103 pare mult, va fi un articol peste o lun\u0103 pe tem\u0103, dar nu e. Adic\u0103 peste 5 ani o s\u0103 fiu mai aproape de 50 de ani, iar 1 milion o s\u0103 fie \u0219i mai mic dec\u00e2t acum…. \u0218i nu cred c\u0103 vom putea tr\u0103i din venituri pasive nici atunci, dar cred c\u0103 voi putea tr\u0103i mai u\u0219or – nu neap\u0103rat mai bine – dec\u00e2t acum. Lucru care e ceva. \u00cen sensul c\u0103 nu \u021bin neap\u0103rat s\u0103 tr\u0103im mai bine, cu luxuri \u0219i alte asemenea. Dac\u0103 a\u0219 \u021bine, n-a\u0219 mai ajunge la 1M \u00een investi\u021bii, altele dec\u00e2t locuin\u021ba, lol.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Demult de tot am discutat pe forum, cu Alin, care \u0219tie mai bine cu \u0103stea, c\u0103 a f\u0103cut \u0219coal\u0103 \u0219i cred c\u0103 lucreaz\u0103 mai \u00een…<\/p>\n","protected":false},"author":2,"featured_media":25157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3499],"tags":[],"class_list":["post-34837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie"],"views":394,"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/catalinx.ro\/wordpress\/wp-content\/uploads\/2023\/07\/evreu-bani-taxe.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Eq23-93T","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/34837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34837"}],"version-history":[{"count":14,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/34837\/revisions"}],"predecessor-version":[{"id":35216,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/34837\/revisions\/35216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/media\/25157"}],"wp:attachment":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}