It seems almost like a relic from another era, yet it is red-hot: the so-called magic triangle of investment. At its three corners, the terms security, return and liquidity. Whoever finds the right balance between the three poles, which has done many things right with the investment. The road is difficult.
The path to a balanced investment is not equal to today's investor more varied than it was decades ago. stock selection is usually used only to shares, bonds and cash, so are specifically added in the last ten years, a plethora of new investment instruments. But on certificates can select investors in Germany of more than 400 000 products. Certificates suggest the investor often, he could unite so that all points of the magic triangle. Because it is but certificates in bearer bonds, face a particular risk: The issuer is insolvent, the chances of seeing your money is low.
Who trusts the analysts of the big banks, the next year should have a larger proportion of shares in the account. This is supported, first, the cheap money from the banks with which they still flood the world markets. Added to the lack of alternatives comes. "The European equity markets in the coming year to increase by ten to 15 percent," says such as Jacques Hirsch; of the investment strategy for the Societe Generale issues. So much takes hardly any other asset class. Finally, shares are still considered undervalued.
directed the proportion of shares in the total deposit after the self-image of the investor. If it is considered more reserved and to keep their capital, then the consultants usually recommend a share of between 20 and 25 percent. He is a little more trust and called rather than balanced between speculative and conservative, then it can be 40 percent. Only the brave and well-informed should the other hand, invest more than half their funds in stocks, the rule of thumb. All this can of course also pass through equity funds, if a private investor would rather rely on the strategy of a professional.
risk is called for when it comes to commodities and real estate. Across the sector - whether industrial metals, precious metals and agricultural commodities - prices have risen in recent months, extreme. Who will benefit investors as it has, however, two problems. For one thing, the prices that are usually highly dependent on the global economy in recent years has fluctuated greatly. On the other hand can speculate on commodities in general only on financial products such as mutual funds or certificates. This causes fees.
Many experts have instead the interesting property market as an investment for the coming year declared. First, the market in Germany before the crisis was much less overheated than in countries like the U.S., Britain or Spain. Second, the selection of both residential as well as large commercial and office properties. Inconvenience to the investors, is that an investment is long term in nature there. Make it on the fly to money is generally not possible. This experience also made investors in open-ended property funds, which are still only partially take back some shares.
Who wants to invest less speculative, often selects the bonds. But even with these fixed-income Securities issued by governments and companies, it came this year in a significant change. Government bonds, which were considered the epitome of safety and soundness are outdated since the debt crisis in Greece, Ireland and Portugal. But the current crisis-proof than German government bonds were in response to such demand that they only bring even more since then very little return. Only since this week it is this again more than three percent. Just over the figure for bonds of DAX companies such as Daimler, BASF and Deutsche Telekom, which yield on average at the moment, an increase of 1.3 percent to government issues. But again, the best times are over: "The good yields of the past two years Corporate bonds are no longer bring, "says Sven Kreitmair from Unicredit.
Source: Handelsblatt
0 comments:
Post a Comment