Kategorie: In the Press

Moralisierender und polarisierender Nachrichtenfluss

Posted on by Stefan Markus Kremeth

Dear Ladies and Gentlemen

This is a slightly more intense weekly than usual and I recommend you only read it if you really are up for it and can spare a moment to think about it.

You know, Ladies and Gentlemen, I ask myself if I am the only one or if there are others out there, who like me seem to have detected an unhealthy development of black or white thinking and/or black or white reporting on just about any important and even unimportant topic in politics and/or financial markets and many other things.

I do get the impression we are constantly being pulled or pushed into one or the other camp, black or white, by influencers of any sort moralizing and polarizing with at times very week arguments.

I really can’t think much of this and it bothers me big time. I don’t think moralizing and polarizing; black or white thinking is helping the knowledge building process of voters and financial investors in any positive way. Why can’t we accept different shades of grey or even colours and have a debate on viewpoints without having to fiercely defend the moralizing and polarizing viewpoints of pseudo gurus?

Is it really impossible to see something (anything really) good in a political candidate, who’s face, style, political program you dislike? Is it really impossible to see something (anything really) good in an asset class you generally dislike? Isn’t it the mix that proposes the best results?

Look, Ladies and Gentlemen, in a very simplified illustration what would you think if a cook was only offering dishes with one ingredient? Don’t you think this would be slightly boring over time and that he would maybe soon be out of business? While and thanks to a mix of ingredients he may were to achieve balanced and interesting menus?

Same is obviously true for politics. I personally think President Donald Trump is not a very elegant person, however I cannot imagine that everything he does is bad. The new Italian government does not want to stick to agreements signed with the EU by their predecessors long time ago, true and yet, there are arguments I understand even if I don’t like them.

Now, when it comes to financial markets, the sometimes-fierce fight between defenders of one or the other asset class is truly surprising as it leads to more restrictions instead of more freedom and flexibility. Why would someone be happy to give up freedom or flexibility?

You know, Ladies and Gentlemen, this phenomenon you can also find in religion and while we finally seem to understand that religion was man made, we almost seem to seek restrictions outside religion. Again, this is very surprising to me as it makes our thinking and acting more rigid and thus fragile instead of flexible and antifragile.

What is your opinion, Ladies and Gentlemen?

Please do not hesitate to share your thoughts with me on whatever seems interesting or bothering to you. Please feel encouraged to do so but please don’t forget (instead of hitting the reply button) to send your messages to:

smk@incrementum.li

Many thanks, indeed!

And now, Ladies and Gentlemen I wish you a great day and weekend.

Kind regards.

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Europäische Datenschutz-Grundverordnung (DSDPR)

Posted on by Stefan Markus Kremeth

Dear Ladies and Gentlemen

 

Wow!

 

Many thanks for the positive feedback to my last weekly mail!

I have rarely received more feedback than last week. Thank you very much indeed! Robert even offered me a bottle of wine (alternative currency as we have learned).

Now, today I must inform you once more about the new European General Data Protection Regulation (GDPR). This regulation offers an increased level of privacy protection and became effective on May 25, 2018. In Liechtenstein data regulation was always rather strict, especially in the financial industry. Still, to comply with the new GDPR standard, we’ve updated our privacy policy. The extensive information can be found on our webpage.

In addition we will have to delete all the email addresses of our readers for all products, if we cannot prove that the reader really wants to receiver our messages. Therefore, I ask you to please register yourself under:

https://www.incrementum.li/en/incrementum-newsletter/

if you haven’t done so since May 2018 and if you want to receive my weekly mails or any other publication by Incrementum also in the future.

Please accept my apologies for this inconvenience.

Many thanks for your understanding and please do not hesitate to share your thoughts with me on whatever seems interesting to you or is bothering you. Please feel encouraged to do so but please don’t forget (instead of hitting the reply button) to send your messages to:

smk@incrementum.li

Many thanks, indeed!

And now, Ladies and Gentlemen I wish you a great day and weekend.

Kind regards.

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Ronald-Peter Stoeferle mit Responsa Liberta TV über Gold, Zinsen und Waehrungsdilemma

Posted on by Ronald Stöferle

Die Zukunft der Internationalen Beziehungen im Rahmen einer Zuspitzung von Handels- und Währungskriegen, Quantitative Easing und Quantitative Tightening. Ronald-Peter Stöferle im Rahmen der Internationalen Edelmetall- und Rohstoffmesse in München im November 2018 gibt darin seine Einschätzung zu den Zinserhöhungen seitens der FED, dem angekündigten Ende der lockeren Geldpolitik im Euroraum und der Rolle des Goldes im Zuge der o.g. Entwicklungen wieder.

Der Edelmetall-Analyst Ronald Peter Stöferle im Gespräch mit pro aurum TV

Posted on by Ronald Stöferle

Die Internationale Edelmetall & Rohstoffmesse ist jedes Jahr das zentrale Ereignis für erfahrene Edelmetall-Anleger sowie solche, die es werden wollen. In diesem Jahr fand die Leitmesse der Branche vom 9. bis 10. November 2018 im MVG Museum München statt – mit dabei war auch „pro aurum TV“. Vor der Kamera standen zahlreiche Experten, darunter „Mister DAX“ Dirk Müller, Ronald Peter Stöferle (Co-Autor des „In Gold We Trust“-Reports) sowie Robert Hartmann und Mirko Schmidt (Gründer von pro aurum) Rede und Antwort. Im Gespräch mit pro aurum TV zeigte sich der Edelmetall-Analyst Ronald Peter Stöferle äußerst zuversichtlich für die weitere Entwicklung von Gold

Was kann man erwarten?

Posted on by Stefan Markus Kremeth

Dear Ladies and Gentlemen

I was asked by one of my readers to elaborate my view on what can be expected by financial markets until year end? I am happy to do so, but please keep in mind that this is my very personal view and that I can’t foresee the future.

Statistically the best two quarters of the year just started. Additionally, in years of mid-term elections in the U.S. the chances of a yearend rally are fairly good. Moreover, after the recent market slide followed by an impressive rise, the chart technics all of a sudden show some potential for further improvements.

Does this mean everything is fine? No, of course it doesn’t, but for the time being interest rate increases seem to be priced in, trade war fears seem to be priced in, political changes in Germany (CDU/CSU’s and SPD’s massive losses) and in the U.S. (democrats take control of the house) seem to be priced in.

I personally believe we will still see volatility but I would be surprised not to see markets moving higher in the weeks to come. I first expect a short consolidation during the next days and thereafter further increases.
Now, what does this situation teach us? I think that some scare tactics by media and so-called “financial experts” have led to some very unpleasant situations during the last weeks. Panicking investors have sold their equities at the bottom of the market just to see them going up, in the last few days.
Look, Ladies and Gentlemen, 2018 so far is a very special year, we had two 10% crashes in the Standard & Poor’s Index within the past 10 months and we are still not in what is called a bear market, this didn’t happen since the mid 50ties.
But even if we eventually enter a bear market, which we will as bear markets just happen from time to time, this may be seen as normal market behaviour. You know, bear markets happen in average every 3.5 years and last for approximately one year. That is – I admit an unpleasant – part of investing, but so what. If you stick to your investments (as long as they are solid and net free cashflow producing) and if your investments pay dividends, you can always collect the dividends, spend the money or reinvest and wait until your stocks go up again. Just don’t let yourself get too excited.

Please never forget, investing is a long-term exercise and please never forget market corrections are normal, a common thing to happen. The link below shows you a table published by Wikipedia with stock market crashes and bear markets and as you will see, there were many and nevertheless we are still alive and kicking:

https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets

Please do not hesitate to share your thoughts with me on the interview or on whatever seems interesting or bothering to you. Please feel encouraged to do so but please don’t forget (instead of hitting the reply button) to send your messages to:

smk@incrementum.li

Many thanks, indeed!

And now, Ladies and Gentlemen I wish you a great day and weekend.

Kind regards.

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Ronald-Peter Stöferle im Exklusiv-Interview mit biallo.de

Posted on by Ronald Stöferle

• Im Vergleich zu den Aktienmärkten zeigt sich der Goldpreis derzeit überraschend stabil.

• Fondsmanager Ronald-Peter Stöferle hält Gold und Goldminen derzeit für attraktiv bewertet. Der starke US-Dollar wirke allerdings noch als Bremsklotz.

• „In einem Umfeld der Währungskriege war Gold historisch gesehen eigentlich immer eine ganz gute Idee“, sagt Stöferle im Exklusiv-Interview mit biallo.de.