Categories
English Guide

The Equity Imperative

Stocks should be a long-term investment to share in the performance of companies and reap a residual share of their profit. You shall remember that wars, pandemics, depressions, recessions, inflation and other new factors may strongly reduce your wealth temporarily, but stocks are the best way to participate in the growth of the economy.

Categories
English Markets

Interest rates: EUR and CHF (Q1 2021)

Already in March 2020, the ECB broke a taboo by allowing itself to buy more than 33% of a country’s debt for its massive asset purchase program. This removal of limits previously set in similar programs was considered by many commentators to be a risky measure for financing government deficits. Christine Lagarde had then indicated, […]

Categories
Français Marchés

Taux d’intérêt: EUR et CHF (1er trimestre 2021)

La BCE vise à empêcher une contagion à la zone euro non souhaitée depuis la remontée des taux obligataires à dix ans aux États-Unis ces dernières semaines.

Categories
English Markets

Trading Restrictions

Promoting a stock on the social media platform Reddit does not seem to come close to criminal behavior. However, if manipulation were to be found after the fact, the damage could hardly be compensated

Categories
English Markets

High frequency trading in Switzerland

Using intelligent algorithms, a state-of-the-art infrastructure connected to exchanges and enormous computing capacities, high-frequency trading companies exploit tiny price differences in fractions of a second to gain an advantage over other market players and reap the profits

Categories
English Non classé Portfolio Management

Investing in the spring of 2021

Prices have reached an unreasonable level at least in the U.S. and in some industries and sectors such as information technology (computers, semiconductors) and green technology where fundamentals no longer seem to matter and P/E ratios are often above 30. In other markets, Swiss, emerging or European, prices, although quite high, remain more reasonable.

Categories
English Markets

US Interest Rates: Causes and Outlook

The sharp rise in U.S. interest rates has heckled the equity markets at the beginning of the year, and the evolution of rates will also be crucial for ETF investors over the medium term. Even passive investors, unless they have a fully systematic investment plan, need to avoid bad entry points into the markets, especially before a sharp rise in interest rates.

Categories
English Personal finance

Savings costs

Bank fees have risen sharply in recent years in the low or negative interest rate environment. Controlling investment fees (management fees, custody fees and transaction fees in particular) can be astronomical.

Categories
English Portfolio Management

Fixed or flexible intervals

According to the Boglehead philosophy, a mechanical plan must be developed and implemented. For the overwhelming majority of investors, I am convinced that this is the best possible approach: it is possible to contain overconfidence or avoid damaging behavior in the event of temporary market irrationality.

Categories
Français Marchés

Taux d’intérêts aux Etats-Unis: Causes et perspectives

La forte augmentation des taux d’intérêt aux États-Unis a chahuté les marchés des actions en ce début d’année et l’évolution des taux sera aussi cruciale pour les investisseurs en ETF à moyen-terme.