Volker Looman: 10 guidelines of investing | EUROtoday

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Dear mates, chers amis, chiari amici, pricey readers of my articles! Now the time has come! The last hour of this column has arrived. Do you continue to bear in mind my first piece? It was printed on March 6, 1999. At that point I wrote that retirement provision was the order of the day. This will assist you to see how “timeless” some issues are. Anyone who has adopted the commandment and browse the opposite 1239 articles could be very more likely to be a small millionaire at this time. With that, my mission is completed. I've informed you all the things there’s to say about managing cash so I can ship you into monetary retirement with a transparent conscience. But first, if it fits you, I want to offer you ten extra commandments that solely exist on this kind in me and on this newspaper.

When it involves cash, keep away from the banker in entrance, the salesperson within the again, and the supervisor in all instructions. Please perceive me appropriately. I’ve nothing in opposition to the individuals who work on this occupation. I simply can't get used to the techniques they're built-in into. There is hardly any monetary recommendation in Germany, however primarily commission-driven gross sales of all types of monetary merchandise. This can not go properly, it should finish in chaos. Ultimately, you might be chargeable for this, pricey readers. Just like in politics, anybody who just isn’t ready to pay truthful charges for impartial recommendation will get the meals they selected. Education and expertise are the one safety in opposition to failures in monetary transactions!