Year-End Competition 2024 – and the winner is

Good Morning Ladies and Gentlemen

”History is often characterised not by deterministic power relations, but by tragic mistakes arising from the belief in enticing yet harmful narratives.”

Yuval Noah Harari (translated from German into English by myself)

Who won?

Finally, and once again, the sleepless nights are over; it is time to declare our year-end competition winner.
Like every year, the data stems from Finanz und Wirtschaft (fuw.ch).        

S&P 500

According to the source mentioned, the S&P 500 closed the year at 5’881.63. Each year, I notice that my readers tend to be overly pessimistic about equity markets, which makes me wonder why this is the case. Statistically, investing in equities has proven to be one of the best strategies. For the 2024 year-end competition, the lowest bid was 4’000. The closest prediction came from Dario, who estimated the index at 5’651 points. This was also the highest bid and just one point ahead of Barbara. Congratulations to Dario and Barbara, and thank you to everyone who participated!

Gold

According to the source mentioned, gold closed the year at USD 2’625.27, finishing in clearly positive territory. Some of my readers had predictions around USD 2’400.00. However, the highest bid and the closest prediction came from my partner, Hans Schiefen, who estimated that gold would close the year 2024 at USD 2’500, just USD 5 ahead of Adrian’s prediction. Well done, Hans and Adrian, and thank you all for participating!

Nvidia

That was an interesting experience! According to the source mentioned, Nvidia closed the year at USD 134.29 following a 10:1 stock split. However, many participants were quite bearish on Nvidia, with some estimates dropping as low as USD 19.50. The closest prediction for Nvidia came from Barbara, who guessed USD 125, just USD 2.20 ahead of Dario. Well done, Barbara and Dario, and thank you to everyone for participating!

The Winner

Ladies and gentlemen, this year’s competition was once again very close, particularly between Barbara and Dario. It was a real photo finish!
And the winner is… Dario! Yes, this marks his victory for the second consecutive year. Dario’s bet of USD 2’371 on gold was closer than Barbara’s bet of 2’050, making him this year’s champion.
Last year, my partner Ronni won, but since he is from Incrementum, Dario takes the official title as the winner for the second time in a row.
Congratulations, Dario! Another one-ounce silver coin will be sent to you next week. Well done!

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 into 2025; stay healthy, fresh, fit and happy!

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