Opinion

A major hazard for investors is becoming too entrenched in their beliefs, especially when evidence suggests a different narrative. While the idea of a “soft landing” may seem overly optimistic, it’s undeniable that some bastions of investment remain resilient, as evidenced by sustained corporate profits.

Mismatch

Après une bataille de plusieurs années contre l’administration fiscale et quelques arrêts de cassation en faveur du contribuable, l’administration fiscale a admis en 2020 que le contribuable pouvait appliquer la quotité forfaitaire d’impôt étranger (QFIE) aux dividendes de source française.

The investment fund business is continuously trying to keep up with updates, guidelines and new rules. Another major impact will soon hit the fund business. On 6 November 2023, the Council of the European Union published the final text of the amendments to the Alternative Investment Fund Managers Directive (AIFMD).

Le Federal Open Market Committee (FOMC), l’organe de la Réserve fédérale en charge de la politique monétaire des États-Unis, se réunit cette semaine. L’explication formulée lors de la réunion du 20 septembre a entraîné une hausse des taux d’intérêt à 10 ans, qui ont fini par dépasser les 5 % à la fin du mois d’octobre.

Germany is witnessing an economic downturn, a phenomenon receiving surprisingly scant attention. This mirrors a broader European trend of overlooking the foundations of prosperity in favor of more sensational topics.

Germany’s robust industrial sector, about 20 percent of its GDP, is the linchpin of its economic success.

The chemistry and energy-intensive industries are vital here, consuming 77 percent of the industrial energy and contributing significantly to the GDP.

Aujourd’hui, il est pratiquement impossible de ne pas aborder le sujet de l’or ou du Bitcoin - pour moi, ces deux actifs présentent des similitudes dans ce qu’ils offrent aux investisseurs. Je m’y attèle donc également. Ce qui me frappe le plus, c’est l’extrême divergence qui est apparue dans une corrélation traditionnellement très forte.

In a recent speech, Christine Lagarde highlighted the dire implications of prolonged high inflation, linking it to the very fabric of democracy. This sentiment, echoed in my book “Turning Point 1971,” underlines the non-economic ramifications of inflation, often overshadowed by its economic impacts.

These days, it is almost impossible not to talk about gold or bitcoin - for me, these two assets are close in what they offer investors. So I do just that. What strikes me most is the extreme divergence that has emerged in a traditionally very strong relationship.

L’assurance investissement Branche 6 est un contrat de capitalisation de droit luxembourgeois, assez proche de l’assurance investissement Branche 23 et vendu principalement à des sociétés.

On the 4th of September 1996, Luxembourg signed its most recent tax treaty with the United States of America. According to that agreement, Lux-based ETFs pay a 30% withholding tax on income received from US securities, as opposed to the 15% paid by their Irish counterparts.