Dirk Müller Net Worth

Dirk Müller Net Worth

Capital: € 10 million
Age: 51
Born: 10/25/1968
Country of origin: Germany
Source of wealth: Entrepreneurs
Last updated: 2022

Short introduction

Dirk Müller, born on October 25, 1968 in Frankfurt am Main, is a inventory dealer, fund supervisor and author. He is the world over referred to as Mr. DAX and Dirk of the DAX due to the fact his paintings region turned into without delay beneathneath the commercial of the DAX at the Frankfurt inventory change. Journalists have used his facial expressions to offer the marketplace situation. In 2015 he based an fairness fund – the Dirk Müller Premium stocks.

Early life

Müller turned into born in Frankfurt am Main and grew up in Reilingen withinside the Rhein-Neckar district, wherein he nevertheless lives. He graduated from excessive college at Carl-Friedrich-Gauß-Gymnasium in Hockenheim after which started education as a financial institution clerk and monetary assistant at Deutsche Bank in Mannheim. In 1993 Müller exceeded the change dealer examination. He then labored till 1997 as a broking for Finacor-Rabe & Partner, then for Cantor Fitzgerald International and from 1998 to 2008 as an authentic inventory dealer at the Frankfurt Stock Exchange for ICF AG.

Career

In 2008, Müller switched to mwb fairtrade AG, wherein he labored till 2010. Since 2009 he has been the proprietor and handling director of Finanzethos GmbH, a employer that runs the internet site cashkurs.com. Müller posted his first book, Crashkurs, in 2009, which turned into written in reaction to the 2007-2008 monetary disaster. The a hit book made him known. His 2d book, Cash Course, turned into posted in 2011 and shortly have become a bestseller and number one at the listing of mirrors. Müller turned into certainly considered one among 8 specialists on a committee of the German Bundestag on June 27, 2011, which aimed to save you hypothesis with agricultural uncooked materials. On April 17, 2015, Müller based his personal fairness fund, Dirk Müller Premium Aktien. While the fund misplaced 7% withinside the first year, it outperformed the DAX, which misplaced sixteen%, over the equal period. Müller is married and the couple have a son.

The fairness fund Premium Equities (ISIN DE000A111ZF1) turned into based on April 17, 2015. The fund introduced a lack of 7 percentage withinside the first year, however turned into drastically higher than the DAX rate dynamics (minus sixteen percentage). Müller stated the portfolio turned into insured with alternatives and lots of reserves had been to be had for reasonably-priced investments. He rejects sure investments which include guns shares for moral reasons.

Two years after the fund turned into launched, its stocks misplaced extra than ten percentage in their value, despite the fact that markets – just like the MSCI World with a 2% increase – grew over the equal period. In July 2017, the fund’s capital turned into round EUR 70 million, 1/2 of of which turned into invested withinside the generation and healthcare sectors. Compared to the preceding year, the fund turned into one of the ultimate locations amongst all global fairness finances.

The fund took 2d region withinside the global evaluation check in November 2018. With its fund, which now stands at 107 million euros, it earned 10.3% ultimate year, whilst the Dax misplaced twelve percentage (MSCI World – 8.20%). Mueller explains this together along with his careful approach to hedge futures risks. While Dax reached 18% in 2018, Mueller finances contributed 8.57% over the equal period. In 3 years, however, his fund best again 2.04%, that is worse than 55% for similar finances.

Career highlights

In the context of the euro disaster, he believes that the cutting-edge monetary device is “on the end” and must be “restarted” each year. Mueller himself describes this as a “restart”. In an editorial for Compact, a right-wing populist magazine, Müller stated in 2011 that Wall Street turned into focused on huge managed assaults towards Europe. He additionally expected that the strugglefare in Iran will be the subsequent logical step. Nor does he accept as true with that the euro is useful for all Germans and promotes European unification. In his opinion, the creation of the euro turned into too early and turned into a “cardinal error”. For Germany, now no longer best the mark, however additionally the “important euro” is viable. The debt restructuring of Greece and the viable go out of the u . s . a . from the euro are inevitable. Müller criticized the alleged incompetence of the politicians. He stated: “Most [politicians] don’t have any concept what’s going on,” and “our main financial studies institutes don’t even understand the recession while it’s been raging for 6 months. ”

Greek disaster

In reference to the Greek disaster, Müller turned into of the opinion in 2011 that banks ought to now no longer carry out their capabilities withinside the actual financial system due to the fact that they’d discovered not anything from the primary monetary disaster. Müller accused the politicians of best enriching themselves withinside the disaster and suspending issues which will put off the inevitable. He known as on politicians to loose themselves from banks. Taxpayers are not going to be accountable for financial institution errors.

Monetary device

According to Müller, the principle trouble of such crises is compound hobby and the introduction of cash with the aid of using non-public banks as debt. It gives a entire restructuring of the prevailing foreign money device via a sovereign foreign money device. He sees different enhancements and options withinside the banking device, in nearby cash (Chiemgauer) and in tax possibilities concerning wages and assignment capital.

Leave a Reply

Your email address will not be published. Required fields are marked *