And the winner is

Good Morning Ladies and Gentlemen

«We all should want to stay ahead in a fast-paced environment yet always incorruptible and sensitive.»

Michael from California won our quick competition. He sent the correct answer, i.e. Fourth Turning by Neil Howe, and William Strauss, 27 minutes after Stefan’s weekly was sent out. He certainly was quick! I posted the one-ounce Incrementum silver coin yesterday. Congrats, dear Michael, and please let me know once you have received the coin.

What we do with our investments

Since some of you asked me what I was doing with our client’s investments, I am happy to let you know. I believe that in times like these, patience is needed. Now all our companies are starting to pay dividends, and many are even increasing them. This means that for us, and for this current “interim period” we are in, we do nothing because there is nothing clever to do. In my opinion, this patient opportunism is also part of investing. Avoiding mistakes, not trying to be too clever, waiting, cashing in dividends, and trying to avoid the daily noise. The cash flows from the dividends we are going to harvest over the coming weeks and months; will be able to be reinvested in due course. This will provide new opportunities and probably future additional cash flows.

Year-end competition

Ladies and Gentlemen, you sent me many emails with requests, and as I mentioned last week, the winners are silver, gold, and the S&P. Mark suggested a fourth one, and I do understand and feel tempted; however, for me, it would mean additional work, and I do want to keep the work limited. Thanks for your understanding!

Be prepared

My next Stefan’s weekly will be all about the year-end competition, so be prepared. I will try to convince my partners to let us know their estimates.

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!

I wish you an excellent start to the day, a wonderful weekend, and above all, joy!

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 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li