Double Standards
| Dear Ladies and Gentlemen
Sahra Wagenknecht, former parliamentary party leader of the Left Party in the Bundestag in Germany, warns against double standards in the debate about consequences for Russia after the poisoning of Kremlin critic Alexei Nawalny. Wagenknecht explained to the “Neue Osnabrücker Zeitung” that anyone who demands an end to the Nord Stream 2 natural gas pipeline concerning Nawalny must evaluate all other raw material suppliers to Germany according to the same criteria and demand consequences there too. “Everything else is hypocrisy. To poison an opposition politician with the nerve poison Novichok is a heinous crime, she said. “But even if the Kremlin should be responsible for it (for which there is no evidence so far), it is no more heinous than beheading or flogging opposition members to death, as is common practice in Saudi Arabia, from which we (i.e. Germany) obtain oil,” she said. “Nor is it any more heinous than tearing up innocent civilians with drones, as the United States, which supplies us (i.e. Germany) with its fracking gas, has done in well over a thousand cases. Ladies and Gentlemen, I am by no means a left-wing political supporter, as I by no means a right-wing political supporter but instead I am usually trying to seek common sense, and what Ms. Wagenknecht states is common sense to me and shows political double standards with the example of Russia. One serious problem we face today comes about different views and different opinions, i.e. individual thinking and the sometimes non-acceptance of it. It almost seems, that we live in a time where individualism is less and less accepted, and that collective outrage hits everything and everyone oscillating away from the mainstream opinion. Please let me know your thoughts. Now, I receive many messages or questions to equities investments. You know, Ladies and Gentlemen, I am not allowed for regulatory reasons to give any advice in this formate, and as unbelievable as it may seem (and as inconvenient as it really is – especially to me and my clients), I simply am unable to foresee the future. However, I, of course, have my very own humble opinion and I think if as a long-term investor you hold a well-diversified portfolio based on equities and other investments that yield some cash flow stemming from dividends, interest payments, and the like, you may well have to accept volatility as the price for the cash flow you receive with your portfolio and in a 0% yield environment, the price for a positive cashflow yielding portfolio may even be slightly higher volatility. However, a volatile portfolio is not, by definition, a bad portfolio. It depends on your very personal strategic target and your return expectations if you have to accept volatility as the price to pay for reaching your return targets long-term. Nevertheless, I do think only a small part of investors have the courage and knowledge to invest that way, and the general public would get too afraid to keep money in a portfolio going up and down and – unfortunately – most investors seek immediate gratification, and sadly enough this is not the way “investing” works. Please feel free to share your ideas and thoughts with me, but please do not forget (instead of hitting the reply button) to send your messages to smk@incrementum.li Many thanks, indeed! And now, Ladies and Gentlemen I wish you a great day and weekend. Yours truly, Stefan M. Kremeth Tel.: +423 237 26 60 |
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