When Germans talk about the stock exchange, the image of the lottery shop is one of the friendlier comparisons. According to the reputation of the trading floor, profits are as random on the stock exchange as success with the lottery ticket. At first glance, it may seem surprising that traders and employees of the Hamburg, Hanover and Düsseldorf stock exchanges have now chosen the word "random profits" as the stock market nonsense of the year 2022. So much self-mockery on...
The EU Commission is considering banning hidden costs in financial advice - and rightly so. Investors are still far too often sold bad products. That has to stop. source site
Gone are the days when people could borrow money cheaply from the bank. If you buy a car or a washing machine on credit, you have to be prepared for higher interest rates. But beware: not all credit is the same.from Felicitas WilkeIn the advertising brochures of some furniture stores and electronics stores, the smallest number continues to play a major role. In order to convince people to afford something they cannot afford right away, companies such as Segmüller or...
Those who seek advice on investing are often sold expensive and bad products. The EU Commission is now considering banning commissions. The powerful financial lobby is positioning itself.from Jan Diesteldorf and Meike Schreiber, FrankfurtThere is a big misunderstanding between banks and their customers. It's easy to spot, but hasn't been explained to this day: an account holder who has money left goes to his bankadvisor and accordingly expects someone to advise him. Someone who will work with you to find...
Those who seek advice on investing are often sold expensive and bad products. The EU Commission is now considering banning commissions. The powerful financial lobby is positioning itself.from Jan Diesteldorf and Meike Schreiber, FrankfurtThere is a big misunderstanding between banks and their customers. It's easy to spot, but hasn't been explained to this day: an account holder who has money left goes to his bankadvisor and accordingly expects someone to advise him. Someone who will work with you to find...
from Benjamin EmontsAt the Munich gold trading house Pro Aurum, the rising interest rates are currently not making anyone nervous. On the contrary: In the company's shops, long lines sometimes formed, reports co-founder and former managing director Robert Hartmann. Accordingly, demand has picked up again significantly in recent months, and for some embossing the delivery times are "considerable". According to Hartmann, nine out of ten customers enter the branches to buy gold - and not to sell it. On average,...
Of Andreas JalsovecWhen talking about a "safe haven" in financial jargon, the word "safe" should be used with caution. Because when investing, you can also suffer shipwreck in supposedly safe havens. In 2022, many investors who invested in bonds became painfully aware of this. The so-called bonds are compared to stocks as solid and low-volatility - just a safe haven in turbulent stock market times. Many investors therefore put bonds in their portfolios: They are supposed to be the anchor...
Of Andreas JalsovecWhen talking about a "safe haven" in financial jargon, the word "safe" should be used with caution. Because when investing, you can also suffer shipwreck in supposedly safe havens. In 2022, many investors who invested in bonds became painfully aware of this. The so-called bonds are compared to stocks as solid and low-volatility - just a safe haven in turbulent stock market times. Many investors therefore put bonds in their portfolios: They are supposed to be the anchor...
Flames blaze in the fire bowls, ice stocks rumble in their tracks, the lamps glow purple. Enthusiasts of crypto currencies and other crypto technology will meet in a Munich beer garden that evening. Wrapped up in thick coats and hats, they process the bankruptcy of FTX, the online stock exchange that has speculated billions of their customers' money, with mulled wine. Since FTX went under spectacularly, the entire crypto world has suffered a loss of image. But the mood in...
Cyber trading gangs steal hundreds of millions of euros every year. They lure their victims with high returns in investments that only exist on computer screens. A visit to investigators. source site