Dear readers, We are actually hesitant to use terms like "new era" or "new epoch". But at the beginning of 2022, it seems appropriate to us - because in the future, the conditions for investors will change fundamentally. The last decade was marked by a boom in all asset classes. Real estate prices doubled. The MSCI World, which aggregates the shares of companies from industrialised countries, climbed by 250 per cent, and the Nasdaq 100 by as much as 580 per cent. A long period of interest rate cuts into negative territory led to a flood of investment capital flowing out of interest rate investments and into stocks and real estate. And because the price of living rose less than 15 percent from mid-2011 to mid-2021, the purchasing power...

Dear readers, In the next few months, we'll probably take big steps back towards normality, thanks to vaccination in Europe. That is wonderful. At the same time, however, it is now high time for some fundamental thinking - about the role of the state, economic policy and monetary policy. It's about exiting emergency mode. No doubt about it. When disasters strike, the state is called upon. After that, it should back off. Currently, the discussion is exactly the opposite. Father state is supposed to provide higher wages, more social security, more regulation, more justice and more prosperity. Individual responsibility, competition and the market economy are being written in small print right now. Is that what we want? The stories in this...

Dear Readers, what keeps its value? This question not only concerns our network, it was also omnipresent at the Lerbach round. The large states have apparently exceeded the "point of no return" due to the Corona rescue measures, up to which they were able to control their debt burden without the financing of the central banks. So the central banks will (have to) continue to channel money into the cycle. If the money supply now increases much faster than the quantity of goods, won't financial assets - bonds, cash, account balances - at some point become relatively less valuable? The central function of money - apart from its capacity as a means of payment and unit of account - is that of a store of value. If it came under...

Dear Readers, Of course the next few months will be tough. No question about that. But we don't have the impression that family businesses are emerging from our network. On the contrary. We hear sentences like: Take responsibility, decide, follow through. It's fantastic how the employees go along in this situation. Now more than ever instead of yes, but. The fact that everything secondary is now relegated to the background and only the survival of the company and the jobs counts, brings out the best in us. And: We have already experienced this twelve years ago. Now comes the great opportunity to gain market share. The fast eat the slow. And the brave eat the despondent. No, we are not worried about the entrepreneurs...

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...

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.