Maximum Excitement

Good Morning Ladies and Gentlemen

„But I do not believe everything he says. He is a writer; they love fiction more than truth.“
By whom?

Thank you very much

Thank you very much for all the heartwarming messages we have received for our 10th anniversary. We have received cards, presents, letters, emails and best wishes via LinkedIn and other social media channels. Many thanks, indeed!

Quick competition

Ladies and Gentlemen, do you know by whom the above quote is? I am happy to offer one ounce of silver to the first to reply with the correct answer.

Investing

In order to invest, you may want to think positively about your investment. Else you might as well let it be. Many financial markets were reasonably strong this year, but few institutional investors could capture any of it. Why is that? I think because of all the harmful noise we get to read in the daily news. Most investors are getting excited too quickly about the upside but also about the downside. While investing needs time and offers opportunities to the brave and patient, in a time of maximum excitement and instant gratification, neither time nor the will to take on risk as an opportunity seems to be widespread. You will not believe the number of negative investment cases I receive daily. Some of them I read and use as counter indicators. Ladies and Gentlemen, most of those who believe to be smarter than the markets are not, however convincing their arguments may seem.

Risks

Investing without risk is not possible. However, some investors, pampered by our Western government-induced complete protection societies, which they often happily criticise, cannot take on risk, and you know what? This is perfect and offers excellent opportunities to buy into fantastic companies at low prices, harvesting cashflows and waiting for the next upswing. Ladies and Gentlemen, most of the risks the average investor or analyst writes about are known; they are not news! Whatever is known to market participants is mainly priced in. Reading the same storyline ten times should elicit a weary yawn from investors. Surprisingly, the opposite is very often true and even reinforces the negative attitude and the more they see their investments underperform, the more they try to find reasons to confirm their (obviously wrong) views.

Stay open

Successful investors must stay open, know they will not always win, and are more inclined to perform well than want to be right!

Silver coin

Please do not forget our quick competition from the beginning of this «Stefan’s Weekly.» The first one to reply will receive the coin. This time it is a little more tricky.

Ladies and Gentlemen, please share your opinion with me, but please remember (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 a wonderful 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 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li