Year-End Competition: an Update

Good Morning Ladies and Gentlemen

”It would also be nice if I were 6’2”, had a full set of hair, and stayed an even 190 pounds throughout adulthood. However, all these wishes are pipe dreams, so we need to make do with what we have.”

Kevin Muir (the MacroTourist)

Update

Already Q4 again. I have the impression that the quarters are simply passing us by, and thus, I figured sending you an update on the Incrementum 2024 Year-End Competition would be appropriate. When I was writing this “Stefan’s Weekly”, the prices for the S&P 500 stood at 5’793.81 Points, higher than in June; gold at 2’627.39, way higher than in June and Nvidia at 134.94, look that, lower than in June.

S&P

The highest bet on the S&P still comes from Dario, at 5’651; Barbara’s bet is only one point behind (5’650), and the lowest, at 4’000, comes from Attila. The S&P even outperformed the most bullish bet.

Gold

So far, Hans’s highest bet on gold is 2’500, and Barbara’s lowest is 2’050; what’s true for the S&P is certainly true for gold. Gold even outperformed the most bullish bet.

Nvidia

Okay, Ladies and Gentlemen. Barbara’s highest bet on Nvidia is 1’250, and Adrien’s lowest is 195 a, before the split. For me, almost anything is possible in this stock. But it looks more like a closing above Barbara’s bid.

My bets

I like to be transparent, so my bets are still gold 2’250, Nvidia 999, and the S&P 5’220.

Fingers Crossed

I’m keeping my fingers crossed for all of you, and I look forward to sending this one-ounce silver coin to the winner at the end of the year.

Food for thought

In an upcoming “Stefan’s Weekly,” I want to discuss what I see as a shift in society from a meritocracy to an entitlement society. We need to be realistic about this, as I believe that some people want to receive things without putting in the necessary effort. This idea seems completely unfeasible to me.

Ladies and Gentlemen

As always, please share your opinion with me, but please do not forget (instead of hitting the reply button) to send your messages to smk@incrementum.li

Many thanks, indeed!

I wish you an excellent start to the day and the weekend!

Yours truly,

Stefan M. Kremeth
CEO & Head of Wealth Management
Incrementum AG – we love managing assets

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 153
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li