The economy in Germany came in 2019, only at crawling speed. Nevertheless, the Dax, has a significant increase in rates and also the beginning of 2020. Isn't that a bit too much of a Good thing?
appearances can be deceiving. Of the outstanding Dax-Born in 2019, one should not hide. You have to look at 2019, together with the weak year in 2018 – as the German stock index had lost more than 18 percent.
the Dax and the economy fit together so well?
Over the past few years have seen a solid increase in value, the not fails, but disproportionately remains in the Dax bottom line. The fit, in fact, everything is quite well to the current economic slowdown, the trade conflicts and structural change in Germany's important car industry. In an international comparison, the German stock market is even more likely to be the stragglers. Now he has, in our assessment, but catch-up potential. DAX 13.045,19 PTS. +63,22 (+0,49%) Xetra
- 1 day
- 6 months
Why is that? The economic forecasts for 2020 do not look to be any better.
That's right, the difficult economic situation will continue to accompany us. Nevertheless, the companies no longer have to be so negative in the future as in the past few months, your gains are stabilizing, and the European monetary policy is likely to remain expansionary. Well possible, that the Dax in the course of the year, therefore, takes the mark of 14.000 meters in attack.
The majority of Germans have, in spite of the long stock-market boom lasting, but no or hardly any stock in the Depot. Worth Investing now?
More than ever. Although the trees will grow on the stock exchanges, probably in the sky. However, the regular dividend payments justify saving the value of the paper. If then in the long term, even a slight course increases, which are annual total income of around 5 per cent is a realistic target for the 2020s. This is of course an average value, between the temporal setbacks, and some of the weak vintages in stock, not exclude, and may lead to losses. Nevertheless, the results in an attractive Chance/risk ratio for stocks, especially compared with the Alternatives. Because, as an investor, I'm faced with the question: What options do I have at all?
How would it be with interest? Would not come back at some point?
Maybe someday, but not in the coming years. Why? The world economy is growing moderately, we have moderate Inflation and the demographic evidence to the contrary. In the industrial countries, millions of people hands are umpteen desperately seeking assets for their Pension and to engage in the lowest interest rates. We have arrived in a new interest-rate world. You make more of your money!
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we are not Stuck there for an eternity in it?
Yes, the days of money and savings bonds or money market. But in many Portfolios, long-term bonds from a better interest rate times, the decent payouts brought by their owners each year, dormant as yet. Also, these papers have run, but soon. Then, the zero interest rate through time: Whether you look after a solid government bonds or corporate bonds with a high credit rating, anywhere a 0 on it as an interest. Or the bonds actually have a negative return, the owners need to pay for it. Only those who are willing, even in the case of bonds to take certain risks, can expect a rate of return. For safe fixed-income securities in the new interest-rate world: it costs investors at the latest, after deduction of the Inflation of money. That is why it is all the more important to deal with the opportunities and of course risks of equity investment.
index risk: Many people have almost a phobia of shares, as just a survey on behalf of the German stock exchange has shown. 67 percent of respondents are afraid of high losses due to economic disasters, 64 percent have no confidence in the stock markets, 62 percent, worry about fraud.
The rational does not explain. Because, actually, there is no other asset class, which is so transparent, liquid, well-regulated and comprehensible, is like the share. Fortunately the study, but also shares another, very positive side: Of the respondents who already own shares, only a minority of the Fears of those who do not own any shares. The power of hope.
hope for what?
That experience shares can obviously lead to a more practical setting, and more realistic expectations. The stock market is not a large casino, in which you, as a Whole, needs to go and the night is rich or poor is. On the stock exchange, you should not speculate, but invest, with dividends and long-term value growth in the development of interesting companies to participate.
Without a thrill of panic or euphoria.
Yes, the stock system can be a downright boring affair – in the positive sense. Investors who recognize this and with a matter-of-critical view of their Investments to check, you may also find that you could use in today's interest rate environment, a slightly higher percentage of shares in the Depot.
How high?
This depends very much individually from each investor, his needs and goals. But we take as an example Erika Mustermann, saving for your retirement, for at least 25 years, saving time, space, and price fluctuations can live. For you to the 70 percent equity ratio would be appropriate.
What markets are on offer, if Erika or other investors, your share want to expand commitment? German stocks you mentioned already. Where do you see also potential?
My General advice is, not to individual areas. First of all, investors should ensure that you are represented by your Depositary broad regions of the world, scattered in all the major economic. This can be accomplished, for example, with global equity funds, quite simple. Who would like to put in addition, certain accents, you can see not only Germany but the whole of the European market. The emerging markets we believe are also interesting. Similar to Germany, they currently have catch-up potential and long-term structural Trends – such as growth and demography – speak for you. The USA doesn't count at present due to the exceptionally high valuations of U.S. stocks and below-average dividend yields of our favorites. There remains the question of the way in which investors invest. This aspect is becoming more and more important.
What do you mean with way?
We all remember on a daily basis, how much the topics of climate protection and sustainability are gaining importance, and rightly so. And whether it's Bayer with glyphosate, RWE, with the hambach forest, or now Siemens with the coal project in Australia, the pressure on companies to grow, to operate in every respect in a responsible manner. What many people don't know yet: With sustainability Fund support exemplary companies in terms of responsible Actions and help them on the jumps, which are not yet so far. The Deka is convinced that the 2020s will bring the breakthrough for sustainable Investing.
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René wants to return: 37 billion Euro will be given away - so you are going to FOCUS Online René return want: to 37 billion Euro will be given away - so you are going to Date Of Update: 04 February 2020, 03:00
