Stock market forecasts for 2024 / That’s why the predictions are worth nothing
Itzehoe (ots) – Every year again: At the turn of the year, banks and…
Stock traders their stock market forecasts. What to make of this? Exactly nothing – like that
the answer from Jörg Wiechmann, managing director of the Itzehoer Aktien Club (IAC).
The brokerage house CMC Markets sees the German stock index DAX at the end of the year
Year 2024 at 18,600 points, Bank of America, on the other hand, expects 15,400
points. And these differences continue in the further forecasts,
That’s why Wiechmann says: “It’s no wonder that many people are faced with this
Because of the ignorance of the experts, they think the stock market is a casino.”
However, uncertainty about the future is not a specific stock market issue, she said
affects all material assets, be it stocks, real estate, gold, classic cars or
Artworks. Because the development of prices depends on supply and demand
Certainly, these in turn depend heavily on the mood, he explains
IAC Managing Director. But whether the year would bring another war, a new one
Pandemic, peace or another breakthrough in artificial intelligence,
is simply unpredictable.
The good news for investors: “In the long term, it doesn’t matter,” emphasizes Wiechmann.
Over time, the mood influences the price development less –
fundamental factors would be given more weight. When it comes to stocks, this is primarily the case
Profit and thus the increasing value of the company. These in turn followed suit
worldwide increasing gross national product, shareholders benefited from the
annual dividends. The average values for real
Economic growth, inflation and dividend yields are stable, which follows
a yield potential of six to nine percent per year.
The expert calculates that this will roughly triple in 15 years. Just this one
The IAC has achieved results over the past 15 years. The long term ones
Trends on the stock market are easy to calculate, says Wiechmann. “Whom
is still interested in where the DAX will be at the end of 2024 – especially if that is the case anyway
Everyone is just guessing?”
Provides detailed information on the long-term return potential of the stock market
the IAC in the video “The Stock Exchange Formula” at http://www.iac.de/boersenformel.
Press contact:
Nils Petersen
Fund manager
Tel: +49 4821 6793-36
Fax: +49 4821 6793-19
Email: mailto:[email protected]
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OTS: Itzehoer Aktien Club GbR