this post was submitted on 03 Feb 2026
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Avanza is one of the largest banks in Sweden, and in their monthly blogg, they're noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.

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[โ€“] guy@piefed.social 36 points 1 month ago (2 children)

Yes, and it's a nuisance that virtually every global fund in basically just a US fund.

[โ€“] logi@piefed.world 18 points 1 month ago (1 children)

I found a global-except-US fund. They exist.

[โ€“] Captainvaqina@sh.itjust.works 13 points 1 month ago (3 children)

What is it and what type of returns are you seeing?

[โ€“] yuumei@feddit.uk 16 points 1 month ago (1 children)

Iโ€™m using XMXW (Xtrackers MSCI World ex USA UCITS ETF 1C) up 21% over a year, so better than the s and p. I ditched my US stocks before the US turned facist so got quite lucky

[โ€“] DreasNil@feddit.nu 2 points 4 weeks ago

Great find! I'll look into this. Thanks!

[โ€“] logi@piefed.world 5 points 1 month ago

I don't have my notes but something like what @yuumei@feddit.uk said. You'll find a few ETFs tracking the same index, but they're all fairly new so don't have much history to look at.

We moved a bunch to there and another to an all-world small-cap index which avoids the magnificently overpriced seven so we're not fully divested of the US.

But anyway, "Past Performance Is Not Indicative Of Future Results" and "This Is Not Investment Advice"

[โ€“] cozzy@futurology.today 2 points 1 month ago

VXUS is a solid one. VT is 60/40 domestic/international and auto rebalances as it is mkt weighted.

[โ€“] SaveTheTuaHawk@lemmy.ca 29 points 1 month ago (6 children)

This isn't for moral reasons, anyone can see the US economy and dollar will be worthless by 2028.

[โ€“] DreasNil@feddit.nu 7 points 1 month ago (3 children)

I started doing this for purely moral reasons roughly a year ago, knowing that it was most likely not the best economical decision for my investments. But now I'm starting to believe that you could be right.

[โ€“] SaveTheTuaHawk@lemmy.ca 6 points 1 month ago* (last edited 1 month ago)

As a corollary, all these new deals working away from the US are waters lifting all boats, while the isolationist US sinks. Trump may be the best thing to happen to the world economy in a hundred years, at the expense of the US economy.

[โ€“] NotJohnSmith@feddit.uk 2 points 4 weeks ago

I took about โ‚ฌ1m out of US stocks around the same time. It's cost me but I sleep OK

[โ€“] boonhet@sopuli.xyz 1 points 1 month ago* (last edited 1 month ago)

A year ago I moved my pension from a combination index fund consisting of mostly US company ran index funds to a different combination index fund that consists of mostly European ran index funds (and had a slightly less American stocks in it). Complex pension system, most index pension funds ran by our banks here consist of 5-6 different index ETFs. It's a special category of fund that you invest into automatically each month from your taxes, and the government also contributes too. This is deducted from your taxable income and you pay reduced income tax on it when you retire (or maybe it was no income tax, I forgot)

Now I moved out of the bank-composed index fund altogether and in the month of May (you can only move funds 3 times a year on predefined dates and have to plan it well in advance), the existing monies will be reinvested in a selection of ETFs I selected to specifically have no US stocks. As for fund managers, I have a tiny bit in one iShares fund and one WisdomTree one because they were a bit unique (the WisdomTree one is Europe defense industry), but the rest is all Amundi, which is French. Any new deposits are already going into my selected ETFs.

If Trump truly fucks up the US economy and the US dollar, my retirement fund should be fairly safe after this move is complete. Unless Europe and Asia also crash and burn. But I have a few decades left to build more value anyway, I'm 30 and won't be able to retire until at least 65 (the retirement age was set to rise gradually so the later you were born, the older you'll have to be to retire, yaaaay)

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[โ€“] Kjell@lemmy.world 19 points 1 month ago (3 children)

The second biggest purchasing was noble metals, which must have hurt with the big drop during the latest week.

[โ€“] itsathursday@lemmy.world 14 points 1 month ago (1 children)

The drop was artificial to help cover short positions.

[โ€“] baines@piefed.social 4 points 1 month ago (1 children)
[โ€“] itsathursday@lemmy.world 6 points 1 month ago (1 children)
[โ€“] gravitas_deficiency@sh.itjust.works 9 points 1 month ago (1 children)

Mmm Ron Paul is not a reliable source for anything whatsoever

[โ€“] Aceticon@lemmy.dbzer0.com 1 points 1 month ago* (last edited 1 month ago)

He's a reliable source for the goldbugs point of view.

[โ€“] Tinidril@midwest.social 7 points 1 month ago (3 children)

The drop was large, but insignificant compared to the runup.

[โ€“] Aceticon@lemmy.dbzer0.com 3 points 1 month ago* (last edited 1 month ago)

Yeah, Gold price in EUR right now is well above the all-time-peak from 2 weeks ago.

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[โ€“] TankovayaDiviziya@lemmy.world 5 points 1 month ago (1 children)

It's gold and silver, they are precious metals, therefore they are always gonna go up even with occasional dips. As someone mentioned, the price drop that happened was manipulated for insider traders, who bet on the price drop, to make sure they make money. I just bought more shares on investing in gold and silver.

[โ€“] Kjell@lemmy.world 1 points 1 month ago

Seems like the prices are increasing again so it was a good call to buy more.

[โ€“] TankovayaDiviziya@lemmy.world 15 points 1 month ago (1 children)

Even in my own investment portfolio, I limited my exposure from US equities and invested more in European, Japanese and Canadian.

[โ€“] Aceticon@lemmy.dbzer0.com 6 points 1 month ago* (last edited 1 month ago) (1 children)

Back when I lived in Britain, in the run-up to and during the Leave Referendum I felt that the country wasn't really a safe place to keep investments and moved almost all of my savings out of the British Pound.

In the week following the results of the referendum coming out, the value of the British Pound went down around 20% against other major currencies.

So simply by having those savings outside that currency, not counting any investment gains I was spared a 1/5 loss of my savings.

I seems to me the USD is very much in such a situation, possibly much worse if it loses its status as a Reserve Currency.

[โ€“] Zos_Kia@lemmynsfw.com 6 points 1 month ago

Oh yeah I remember that time well! I signed up for a job with a UK company (I'm french) and just lost 10% salary overnight :'(

[โ€“] a_jackal@pawb.social 12 points 1 month ago (2 children)

Canadian here, I did the same last week. I'm already boycotting the US and I don't want my money in their economy in any form.

[โ€“] SaveTheTuaHawk@lemmy.ca 5 points 1 month ago

Why would anyone invest in a country killing all trade deals, going into massive debt they can only deal with hyper-inflation, while funding expensive wars and their own civil war? It's just bad economic advice.

[โ€“] SkunkWorkz@lemmy.world 1 points 1 month ago (1 children)

You can still buy derivatives from a local broker. No money would go to the US since you are just making a bet with the broker.

[โ€“] SaveTheTuaHawk@lemmy.ca 1 points 4 weeks ago

That's not investing, it's gambling. Might as well sports bet.

[โ€“] BenLeMan@lemmy.world 9 points 1 month ago* (last edited 1 month ago) (1 children)

About time! I did that a year ago.
No more US assets in my portfolio.

[โ€“] Tinidril@midwest.social 6 points 1 month ago

I did the same, and I live in the US.

Hell, Iโ€™m American and Iโ€™ve divested the vast majority of my investments from American shit.

[โ€“] rogsson@piefed.social 6 points 1 month ago

Hell yeah! Break free folks :-)

[โ€“] Valmond@lemmy.dbzer0.com 5 points 1 month ago

Heja Sverige!

[โ€“] fluffykittycat@slrpnk.net 5 points 1 month ago

as an American, good. ruin our economy. defund the evil empire

[โ€“] MehBlah@lemmy.world 5 points 1 month ago

Thank you for your service to the US. We would appreciate if you would all dump it all. Perhaps on the same day would be nice.

[โ€“] Hiplobbe@lemmy.world 4 points 1 month ago (1 children)

I cannot do it right now, even though I might want to (I would have to declare it twice with two different countries and have them fight over the cash via me... no thanks.), but a question for other fellow European investors, is there a nice list of monthly dividends companies in Europe?

[โ€“] Aceticon@lemmy.dbzer0.com 4 points 1 month ago* (last edited 1 month ago) (1 children)

I've been ridding Gold (of all things) since a bit after the 2008 Crash because after having been in Tech for the Tech crash and then right in the middle of Finance for the Finance crash - in Lehman Brothers, no less - and seen the "shove the problems under the carpet" non-solution for the latter, I became a firm believer than we were bound for a new Depression in the West.

Generally Gold, which has almost no industrial uses, works like a currency which does not rely on people trusting a country and its Economy like present day currencies do, so it tends to go up when countries are badly managed and their Economies start breaking - kind of an ultimate shelter for one's savings when you can't even trust the management of large countries and the value of their currencies.

Long story short, after a peak after the 2008 Crash, then a few years of a dip and a decade of slow increase in price, Gold has started taking off about 3 years ago and the speed of price increase has been going up every year (in 2024 it went up about 23%, in 2025 it went up 65%)

Given the political situation in mainly the US (but also in part Europe, as well as Europe's continued excessive Economic entwining with the US not to mention all manner of laws in Europe that really just benefit US interests, especially around Intellectual Property, which partly tie us down to the success of those US companies), the many financial bubbles all over the place (most notably real-estate and stocks in global terms, plus AI mainly in the US) and we not having yet reached anywhere near the levels of economic pain seen in the 2008 Crash, I expect there's still a lot to go in terms of Economic-pain and hence a lot to go in terms of Gold price increases until it reaches a peak. Certainly if the USD stops being a Reserve Currency, things are going to get crazy all around, making Gold even more attractive during that transition period.

That said the total value of all Gold mined ever is around $28 trillion (or it was 2 weeks ago, it's more now), so less than merely the US public debt, so don't really expect it to somehow replace the dollar or anything like it - it's really just a Financial asset that goes up in times of political, economic and even societal crisis.

[โ€“] SaveTheTuaHawk@lemmy.ca 2 points 1 month ago (1 children)

That said the total value of all Gold mined ever is around $28 trillion (or it was 2 weeks ago, itโ€™s more now), so less than merely the US public debt, so donโ€™t really expect it to somehow replace the dollar or anything like it

People will just call paper gold, gold futures. The last pillar holding up the US economy is Jerome Powell and if Trump gets rid of him, the US dollar will be worthless.

[โ€“] Aceticon@lemmy.dbzer0.com 1 points 1 month ago

Paper gold would suffer from the exact same problem as all other fiat currencies - it would be entirely backed by trust on somebody or some institution and hence could collapse if that trust was abused, same as it seems to be happening with the USD as the US Administration abuses the trust placed in them which amongst other things backs the value of that currency.

The thing with actual physical Gold is that one can't just print more of it and after millennia its stores are spread out all over the World thus there's no one single major owner, so its pretty hard to manipulate (the closest to it, funny enough, is manipulating Gold Futures - i.e. paper - though that only seems to work for inducing short-term market movements that end up naturally corrected).

IMHO people would be better of spreading their savings across a basket of geographical locations and currencies than using paper gold.

[โ€“] noname_yet2077@lemmy.world 2 points 1 month ago

Self-investment?

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