🚨 JP Morgan warns that tariffs can lead to several negative economic consequences.
📉 Potential outcomes include higher prices, reduced economic activity, lower corporate profits, increased unemployment, greater inequality, decreased productivity, and heightened geopolitical tensions.
🌐 The bank's analysis suggests that tariffs are generally detrimental to economic stability and growth.
🏦 Trade Republic, a German bank regulated by the Bafin, offers a 2.79% interest rate on savings accounts up to 50,000€.
💰 No commissions or hidden fees apply to the savings account.
📈 Trade Republic provides access to top ETFs with minimal commissions (1€ per buy/sell order).
💳 A debit card is available, offering 1% cashback (up to 15€ monthly) invested in stocks or ETFs.
🔍 Equity Small Caps focuses on identifying investment opportunities in small-cap companies, regardless of their growth or quality profile.
📊 Small-cap companies represent 86% of the American listed investment universe, offering more opportunities than the 12-14% held by large and mega-cap stocks.
📉 Macro and micro conditions favor small caps, including potential interest rate cuts and reshoring trends.
🛡️ The fund invests significantly in special situations, such as restructurings, which are less correlated with the economic cycle.
☢️ BElan is a Canadian family-owned company and a world leader in industrial valves for nuclear reactors.
🤝 The company was once up for sale, attracting interest from 90 companies before a French government veto.
🔄 BElan restructured and agreed to sell its French subsidiaries to a well-known French nuclear energy company.
💼 The company also resolved a balance sheet issue related to asbestos liabilities.
💰 Carla has a small percentage invested in Bitcoin for several years.
📈 She initially invested at its peak, experienced a significant drop, but held until it surpassed previous highs.
🧘🏻♀️ Carla avoids actively monitoring her investments to reduce stress, viewing them as long-term commitments.
📊 Her investment portfolio includes 70% in global index funds, 25% in Bitcoin, and 5% in gold.
