Dear readers, at private wealth, it is our goal to present investors and entrepreneurs on our homepage only with information that is highly relevant to this target group. In order to support you in your investment decisions in these turbulent times, we publish, for example, the results of models that you won't find anywhere else. So far this has brought real added value. For example, the capital market seismograph - the results of which we publish regularly - advised a massive reduction in the equity allocation when the DAX stood at 11,000 points on 10 March. Now we are in constant contact with our network to find the right time for you to re-enter the stock market.
To find out exactly how these models work, read "Valuables from the network" after your registration and select the article: Model Check. We hope this will provide you with inspiration and orientation.
Klaus Meitinger Moritz Eckes Chief Editor Publisher
Around the world in 26 days by Learjet - playing golf on 15 courses in seven countries on four continents. PGA trainer Ergül Altinova will realise this adventure for 60 golf enthusiasts in November 2020.
Entrepreneurship. The Wong family in Papeete, Tahiti, has developed a very special business model out of necessity. Their Compagnie Polynésienne de Transport Maritime combines passenger and cargo shipping, heading for two unusual destinations in the South Pacific: the remote Marquesas Islands, where painter Paul Gauguin is buried. And the island of Pitcairn, where the mutineers of the "Bounty" once hid and where their descendants still live today.
in a few weeks, the new decade will begin. The last decade has been shaped by the disappearance of interest rates, the outstanding performance of the US equity market and the recognition that the world has a real problem with climate change. This is the starting point for strategic thinking on the 2020s.
Thinking ahead, global warming will remain the greatest socio-political challenge. We see a halfway realistic hope in the "self-defeating prophecy". If the lung doctor says to the chain smoker: "You will die at the age of 50", this could shake the smoker to such an extent that he radically stops smoking - and turns 70. Only in this way will there perhaps still be a chance to refute the terrible and correct forecast of a climate crisis. However, the price of CO 2 would now have to be drastically increased very quickly. Only then will it be possible to economically implement the technological solutions that already exist today on a global scale (please read page 32ff).
For investors, the end of the interest rate is the most important new date. Our panel of experts - the Lerbach Round Table - is convinced that this will not change in the next decade. Now that bonds and real estate already reflect this in prices, the last candidate for a complete revaluation is the broad equity market. However, fears of recession and earnings slumps currently stand in the way of this (page 42 ff). This can lead to turbulence again. These would then be opportunities to buy. It is also interesting to note that in the past, the best markets of one decade in the next were usually no longer in the lead. If that remains the case, the coming decade could not belong to Wall Street, but to emerging markets and frontier markets (pages 48 and 88).
Our publishing house will also reposition itself in the future. Starting next year, we will present new ideas, strategies and stories from the network on our homepage (www.private-wealth.de) two to three times a week, thus massively expanding our online reporting. However, the following still applies: private wealth is a curated platform. The content must have real relevance for entrepreneurs and investors. This is of course free of charge for you as a subscriber. We would be very pleased if you accompany us on this way and visit our homepage regularly.
In the chart above, only CO2 emissions from the fossil fuels coal, oil and gas are listed. If other sources such as cement production or cattle breeding were also taken into account, they would be around ten percent higher. Source: BP
Stop climate change. Climate change is a global problem - and can therefore only be solved internationally. Strategies that rely on national solo efforts, on renunciation and bans will not work. What is needed are entrepreneurial initiatives and innovative processes that make it possible all over the world to remove CO2 from the atmosphere or convert it into other raw materials.
The strategist Markus Kaim sits in Washington, the control center of power. From there he analysed the current US policy, transatlantic relations and the upcoming election campaign for the Lerbach Round.