Value for USD

Today I had some time to do some research and I decided to dedicate my time towards bitcoin. However I found something in the internet that really scares me. On Google the search term "buy bitcoin with credit card money" is at historic peaks. There are all different kind of people who cannot even afford to speculate with bitcoin trying to benefit from the bitcoin speculation on credit money and loans. This is typically the last final stage of stupidity in a bubble. Now lets find out if we are in a bubble with bitcoin. Bitcoin is a similar store of value like gold. All you will ever get back for your bitcoins is what another person is willing to give you for your bitcoins. You are not getting any dividends and Bitcoin is not creating value like a company does. As bitcoin is much too volatile for a currency and is used primarily for speculation I would call bitcoin a special commodity. In 2000 I was too young to be invested in the stock markets and therefore did not partici...

I was very lucky with my portfolio rebalancing decision 5 days ago when I sold my BTC at 20.000 USD. I thought that I have to stay responsible with my portfolio and keep the capital involvement in crypto currencies at a very low level. So I reopened a trade at a fraction of the original capital invested into BTC and look at the prices of BTC today. BTC crashed down to 13.000 USD. The only person I know who was more lucky than me recently was my friend I learned at Etoro, Gordon Roth. He was invested into Ripple and shot up in his performance like a rocket in the last few days. After his dramatic success with Ripple he immediately attracted some copiers and lots of followers at Etoro which tells me a whole lot of a story. It looks like people hunger more and more for the fast and even faster success to become rich over night. I found an even more extreme example with aromesa7 who is copied by my friend Gordon Roth. He has achieved 3218.39% in one year and currently holds only crypto cur...

On 10th of October 2017 I received a Skype Call by Gordon Roth, the first Investor who copies the @Bernhard1979 portfolio on Etoro. We share the same fundamental value investment principles. Gordon Roth worked for Deutsche Bank in the past and told some interesting stories in this call about the credit deals they participated in. Gordon Roth wants to invest more money into the @Bernhard1979 portfolio and waits for the next big trades to act in lockstep with me and invest some more capital to copy these trades. I sent my 77 pages e-book Biography to Gordon Roth because he will write an article about me to publish in the news soon. In this skype call we also discussed my current portfolio and Gordon seems to be very satisfied with the current results with one exception which is Coca Cola. However I agreed that I bought Coca Cola without the typical Margin of Safety. However Gordon thinks that I should keep Coca Cola in my portfolio because Coca Cola currently invests into Cannabis produc...

I recently analysed and purchased the hybrid bond 2013 of Vöst Alpine which yields at 6%. As it is a hybrid bond it carries more risks than normal bonds and interest payments can be deferred if there is no dividend payment by the company. According to Graham I did the minimum analyses of the company's financial situation to assess this investment. In 2016/2017 Vöst Alpine had an EBIT of 823,3 million Euros and an EBT of 699,9 million Euros. That means interest payments of 123,4 million Euros for 3221,1 million Euros of debt or a 3,83% interest rate on dept. With these measures we can calculate that Vöst Alpine can pay 6,67 times the interest with their earnings which is a very healthy measure. Therefore the investment into this hybrid bond should be a sound investment. The worst case was the period of 2009/2010 within the financial crisis. In that period Vöst Alpine had an EBIT of 352 million Euros and an EBT of 183,3 million Euros. Therefore in that period there were interest ...