For the eighth year in a row, economic expert Paul D’Hoore invested 10,000 euros for De Grote Geldbarometer in early January. Last year D’Hoore was able to turn out nicely with a profit of almost 2,000 euros. This year it was more difficult: “We had a very bad stock market year”, says D’Hoore in the studio of VTM News. His 10,000 euros? Only 9,466 euros remain.
NDBG
30 Dec. 2022
Latest update:
12/30/22, 11:29 PM
D’Hoore’s budget was divided into 5 categories: real estate, gold, savings, bonds and shares. “We invested the lowest amount in real estate, but it could be a bit more,” says D’Hoore. The investment in real estate was a good idea, because it rose by 6 percent. It could have been a good year for gold, due to high inflation and the war in Ukraine, but it was disappointing. In the end, gold purchased in Europe still yielded about 5 percent. The amount that was put on a savings account was 550 euros and that eventually became a modest 553 euros.
Bonds and stocks took up most of the EUR 10.00. The corporate bond of Fastned, which trades in charging points for electric cars, has risen by about 3 percent. The last category, on which more than half of the 10,000 euros was spent, is shares. “The previous year was a good year for the stock market, so like many others we invested a large budget in equities,” says D’Hoore. Unfortunately, it was a bad stock market year, and that was also reflected in the most important Belgian shares: the Bel20 fell by no less than 14 percent. The shares that D’Hoore selected fared slightly less badly, but they also lost 11 percent.
The negative stock market year overshadowed all other investments, so that of the 10,000 euros, 9,466 euros remained. Over the past eight years, the 10,000 euros became worth just over 17,000 euros, but this year that amount will drop again to around 16,719 euros. Tomorrow D’Hoore will visit the VTM News studio again and he will explain what he will invest in the coming year.
Free unlimited access to Showbytes? Which can!
Log in or create an account and don’t miss a thing of the stars.