Michael Posselt, chairman of the Tyrolean financial services companies, spoke to the “Krone” about inflation, “eternal” rules and gut feelings. The biggest headache right now is how to use investment strategies to at least partially offset the massive price increases.
“crown”: Stock market drops like the recent bank failures can happen at any time, how do I protect myself?
Michael Posselt: Not all fixed assets are typically affected by losses if you consider broad diversification. This time around, cryptocurrencies were the first to take advantage, followed by gold and silver with a bit of a lag. Also keep an eye on the long-term horizon, as most indices bounce back to highs after a crisis.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
