{"id":4751,"date":"2018-12-23T21:53:13","date_gmt":"2018-12-23T20:53:13","guid":{"rendered":"https:\/\/estably.com\/the-snow-falls-quietly-the-markets-crash-loudly\/"},"modified":"2022-01-17T08:36:26","modified_gmt":"2022-01-17T07:36:26","slug":"the-snow-falls-quietly-the-markets-crash-loudly","status":"publish","type":"post","link":"https:\/\/estably.com\/en\/the-snow-falls-quietly-the-markets-crash-loudly\/","title":{"rendered":"The snow falls quietly, the markets crash loudly?"},"content":{"rendered":"\t\t
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The snow falls quietly, the markets crash loudly?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Dezember 23, 2018 | Latest News<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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While the shops have been boosting the Christmas business for weeks now and customers who enjoy drinking mulled wine have been served at Gl\u00fchwein stands, many investors are preoccupied with the question of all questions: Is there still a year-end rally? Why we don\u2019t care about this question, and why you shouldn\u2019t care about it either, can be read in our little Christmas article:<\/p>\n<\/div>\n<\/section>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What do the big ones do?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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While Microsoft, Alphabet (Google) and Amazon present gigantic figures, prices are falling for companies. Amazon has temporarily fallen by 25% compared to its annual high. Amazon is constantly announcing new records:<\/p>\n

Amazon announces record-breaking holiday shopping weekend: Cyber Monday once again becomes the Single Biggest Shopping Day in the Company\u2019s History with the most products ordered worldwide (\u2026) Amazon Customers worldwide ordered more than 18 Million Toys and More than 13 Million Fashion Items (\u2026) Sales by small and medium-sized businesses worldwide grew more than 20 % on Black Friday Year-Over-Year.<\/p>\n

But not only US companies can look brightly into the future. Even if the bare figures don\u2019t always reveal it, strong price losses are not always a bad omen. MTU Aero Engines is listed on the MDAX. This great company also suffered a price loss of almost 20% in just two months. But is this due to the company itself? MTU announced on Capital Markets Day 2018:<\/p>\n

Better organic growth prospects in all segments
\nContinued investment in capacity expansion and automation
\nLong-term targets for profit and free cash flow confirmed
\nMost price losses are driven by speculative investors. Investors who try to make fast money and investors who follow the masses for fear \u2013 because they don\u2019t know what they are doing.<\/p>\n<\/div>\n<\/section>\n

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The advantage of price fluctuation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The fact that \u201cour\u201d companies have also suffered price losses in recent months is okay for us \u2013 even an advantage. Price fluctuations offer us the opportunity to pay only 60 cents for the value of a share of 1\u20ac. Or to get for the value of a share of 1\u20ac also times 2\u20ac. Fortunately there are these fluctuations. Fortunately, there are irrational market participants who buy and sell entire funds, ETFs, indices like wild, bet, hedge and \u201cswim\u201d in the market. And fortunately there are speculative investors who do not look at individual companies and follow statements \u00e0 la: \u201cImportant support achieved in the short scenario\u201d, \u201cthe bears are at an advantage\u201d, \u201cbuy signals are scarce and the new low has clouded the chart\u201d, \u201cthe price level has been defended on a daily closing price basis\u201d \u2013 the stock market variant of \u201ccrow the cock on the manure, the weather changes or it stays as it is\u201d.<\/p>\n<\/div>\n<\/section>\n

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Why signals are misleading<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We do not look at the markets and only then judge where we are going. Nor do we look at the charts and buy or sell by \u201csignals\u201d. Rather, we take a close look at the individual company \u2013 to be honest, even for months and analyze it down to the smallest detail \u2013 and its competitors. And then we look at the price. We are value investors. If the price is okay, we buy the stock and hold it for years, as long as the company is doing well and the price is not 20\u20ac if it is worth 10\u20ac.<\/p>\n

And so we can live well with the share price performance of these healthy companies again this year: +30% at Amazon, +15% at MTU, -2% at Alphabet and +20% at Microsoft.<\/p>\n

We therefore hope that you too are already a value investor and can look forward to the Christmas season in a relaxed manner. And if not, we would be delighted if you would join us in the New Year on this path and become a shareholder with our value philosophy.<\/p>\n

Best wishes and a happy holiday with your friends and family.<\/p>\n<\/div>\n<\/section>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tBecome a customer now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Estably is the first Liechtenstein-based digital asset management firm to offer world-class asset management through a blend of technology and human investment expertise. Thanks to the portfolio managers\u2019 many years of experience in the field of value investing, the aim is to achieve above-average returns \u2013 starting at an investment sum of \u20ac 20,000. The aim is to make professional asset management, which was previously possible exclusively for major investors, accessible to everyone \u2013 in a convenient, transparent and profitable way.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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You might still like these posts<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Finance Blog<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tMarket commentary: Winners of the pandemic are correcting\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
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In the last two years (since April 2020), the stock markets have almost exclusively risen. There have been no notable setbacks, and the U.S. market in particular.<\/p>\n\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\n\t\t\t3. February 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tWhat happened in March \u201919?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
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The first quarter of 2019 is already over again and the worries from quarter 4 of 2018 seem to have long been forgotten. What else happened in march?<\/p>\n\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\n\t\t\t10. April 2019\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tThe unfounded fear of price fluctuations\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
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Fear is innate to all people and therefore a constant companion. Originally it served to protect people from danger. <\/p>\n\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\n\t\t\t17. July 2019\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t
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