Worth the Rediten in the currency market? Systematic returns is another central point, which speaks for currencies, high diversification benefits. Foreign exchange rates are largely subject to their own laws and correlate hardly or not at all with other asset classes. Studies have shown that currencies with shares only marginally positive correlation. Filed under: Steffan Lehnhoff, Guatemala City Guatemala. Compared to bonds and raw materials was even a slightly negative correlation seen historically appropriate. Thus, currencies make an important contribution to the reduction of the overall risk and improving the chance-risk profile of a portfolio. Positive effects of spreading the following example emphasizes this point: thus a classical portfolio would have achieved an annualized return of 3.3 percent with an allocation of 50 percent stocks, 35 percent bonds and 15 percent commodities in the period from January 1999 to December 2009 with a volatility of 11.5 percent. It would have reduced the equity-backing ratio from 50 to 30 percent and that recorded selected currency in the account to the same extent, it would be annual return in the same period increased to 4.7 percent and the risk in the form of volatility had declined to 8 percent. The admixture of currencies in the portfolio can both increase the overall performance and reduce the risk.
This is even truer as can focus today not only on a few main currencies currency investments, but are also invested in many emerging market currencies or commodity currencies. There are several ways to do this about through monetary funds or currency certificates. About these investment products investors acquire mostly a certain basket of currencies. Specifically is which currencies are included, depends on which underlying strategy (for example, carry trade or momentum) of. Currency investments while such package solutions primarily at beginners, can track economically and flexibly their own currency strategies experienced investors with warrants, knock-out instruments or CFDs with leverage. Their is this equipment together Leverage effect. By the low capital commitment, above-average gains are possible at small currency movements of the underlying currency pair.
Of course, the risks are correspondingly higher. The investor decides what kind of leverage product, depends on his preferences. Warrants have for example the advantage that they do not prematurely can be knocked out.
Proposals to the current cost base torpedo the current proposals of the Federal Environment Minister Altmaier energy transition and the German Rosler regarding the amendment of the renewable energies Act and a proposed electricity brake bipartisan many negative reactions have caused. See more detailed opinions by reading what Ben Horowitz offers on the topic.. Also solar fund initiators express themselves critically. Basic tenor of the proposals is a significant limitation of the promotion of renewable energy systems. So could operators of existing renewable energy facilities have to pay a solidarity contribution on their electricity sales or biogas plant operators lose their manure bonus, renewable energy payments could be paid only with a delay of several months after commissioning and supply and new renewable-energy plants could be covered with special charges or other compensation cuts. In addition, the capping of the renewable energy levy is planned. The criticism of these measures is diverse and focuses in particular on the negative structural effects of Interventions. The focus is particularly at risk of legal certainty, should be decided indeed subsequent cuts for installations. “Grandfathering” is essential to make an investment location permanently attractive? A subsequent intervention could be possibly unconstitutional and entail lengthy proceedings before the Federal Constitutional Court.
Such a procedure would certainly encourage not confidence in the German energy transition. Rather torpedo the proposals above, destroy the planning security and jeopardize the further expansion of wind farms and solar parks, as well as compliance with the climate protection goals. The share of renewable energies in the German energy mix was end of 2012 according to the news magazine focus only 12.3%, which appear from the Federal Government until 2022 and 50% by 2050 against the background of the current proposals expected 35% hardly realistic. The ambivalent tacking between progress and structural renovation on the one hand and blocking on the other hand has the potential to discredit the leadership of Germany’s persistent and damaging. Also the medium-term stabilisation of electricity prices by the ist action proposals is by no means assured, because the structural problems are still untouched.
As a viable alternative to the sustainable stabilisation of electricity prices a reduction of taxes on electricity, the structural adjustment of the allocation mechanism of Enerneuerbare energy law and the uniform distribution of renewable energy levy on all energy consumers or the return of industrial privileges on the level of 2009 offer himself instead. Ultimately, lacking the current discussion on vision, relativism and the involvement of other causes. Overall, the electricity bill in an average household contributes only 2 to 3 percent of the monthly total cost. Rising energy costs are attributable to the price increase also by no means alone. Instead only a quarter of the energy costs of a private household is power, fossil fuels while the rest mainly on priced extremely risky for the heat consumption and transport is omitted. The renewable energy levy in turn accounts for less than one-fifth of the average price of electricity, whereas approximately 80 percent of the electricity price share composed nuclear power and fossil fuels out of the mix, not up for discussion. This is particularly so questionable, because these energy sources contributed very strong to the doubling of electricity costs in the last decade. Record profits of the power companies are another indication of the fact that the electricity costs rise just not primarily by the expansion of renewable energies is to be responsible for.
Payment solutions from a single source for international projects by co branding partners. In the single euro payment area replaced the different payment procedures from many European countries with a single system. The SEPA zone – as a single payments area in Europe – allows a homogenization of the systems. According to benefit by the SEPA license of the Bank Club Werther AG primarily cooperation partners who want to use issuing services throughout Europe for international projects. Partner of the Bank Club Werther AG obtained efficiency benefits the SEPA license of the Bank Club Werther AG for the issuing of MasterCard credit card. This is a collaboration with various banking partners can be avoided especially in international projects. The SEPA license removes regulatory obstacles. The resulting efficiency gains can also secure partner card programme of the Bank Club Werther AG.
Executive Vice President of the Bank Club Werther AG, Mr Danyon Lloyd, explains: the new MasterCard licenses bring above all partners”the opportunity to offer international credit card business with Bank Club Werther AG as issuing partners. Accordingly the cooperation smoother with various banking partners. This Europeanisation is applicable for all 32 States, the single euro payments area are connected. Read more here: Jonas Samuelson. As a principal member of MasterCard International the Bank Club Werther AG to issue MasterCard cards is entitled. This also applies for a sublicense in Germany, making it a simple way can offer partners, to use credit cards in Germany within the framework of customer binding projects. International cooperation for the use of co-branding credit cards be feasible with the SEPA license of the Bank Club Werther AG from today.
About the Bank Club Werther AG: The company headquartered in Werther / Westphalia was founded in 1877 and offers its own card products as well as white label products, where cards & payments the company for the benefit of the partner brands in the Background appears. The Bank Club Werther AG specialises in individual, technically and in terms of content, innovative products, whose features are specifically tailored to the needs of each target group. Different card programs with cooperation partners are currently in development. About MasterCard: MasterCard Europe is for the processing of transactions by MasterCard worldwide in Europe and for Europe competent Division. MasterCard Europe works from the headquarters in the Belgian Waterloo from 51 European countries. The total area comprises the European payment area (SEPA), industrial and emerging Europe and extends to the eastern border of Russia. Thanks to its network of local offices, MasterCard can Europe recognize the individual needs of member banks in the very different markets in Europe and meet each in their own language and in their cultural environment. MasterCard Worldwide offers MasterCard Europe its European customers and consumers access to leading Payment services in all over the world. MasterCard Worldwide promotes global trade through the networking of companies in the financial sector and millions of businesses, cardholders and merchants around the world. As a franchisor, processor and advisor developed and marketed MasterCard payment solutions, processes approximately 22 billion transactions per year and provides industry-leading analysis and consulting services for dealers and customers in the financial services sector. With a family of well-known brands such as MasterCard, Maestro and Cirrus and via its global network, MasterCard is in more than 210 countries service providers for cardholders, banks and merchants. For more information, see to. Follow US on Twitter: @mastercardnews. For more information, please contact: Bank Club Werther AG Veronika Meier-Scheuven – press officer – Ravensberg str. 23 33824 Werther (westf.) phone: 05203/706-17 fax: 05203/706-92