Funds and cars
There he is. The neighbor. Every Saturday. He washes his car. He strokes the body until it shines like a tear in the sunlight. The rims are dust-free. The engine compartment is so clean you could eat out of it. Then he drives it back into the dark garage. Covers it up. Locks it up. His reasoning: “It’s dangerous out there. The war, the tariffs, the rain.” That is the reality of German financial assets.
By the end of 2025, according to projections, private wealth in Germany will have surpassed the 10 trillion euro mark. A one followed by thirteen zeros. A gigantic sum, having grown by a good 6% compared to the previous year. But a look under the hood reveals the problem: Over 35% of this capital – around 3.6 trillion euros – lies almost unused in bank accounts or as cash.
The Germans are letting the engine of prosperity idle and gather soot.
Many savers are afraid of the “ride” on the stock market. They see the potholes: the war in Ukraine, global trade conflicts, or concerns about their own jobs. So they stand still. But standing still is not a guarantee of safety. Interest income on bank deposits is already falling again – from 29 billion euros in 2024 to just 25 billion euros in 2025.
If you don’t take the ride, you lose out.
Those who had the courage to shift into gear in 2025 were rewarded:
Those who had the courage to shift into gear in 2025 were rewarded:
- The DAX posted a return of 23%.
- Capital gains on stocks and mutual funds alone are expected to have brought 290 billion euros into the pockets of private households.
- This isn't a game of chance – it's the power of our economy, which we put to work for us.
Portfolio managers are like engineers and test drivers. The entire system is optimized. As a global macro investor, we look at global conditions, yield curves, and the political landscape. We decide when it’s important to go full throttle (stocks) and when a more defensive driving style (bonds) is appropriate.
Three key points:
- From Saver to Investor: If you just save, you’re stuck in place and don’t make any progress. If you invest, you’re moving forward and covering important ground.
- An Overview of the Outlook: The forecasts for 2026 are positive; assets are expected to grow by another 5% to 10.5 trillion euros.
- Ownership in the Engine: Stocks represent a stake in the backbone of our society – the companies that create this prosperity in the first place.
Investment funds and cars are instruments of freedom. But freedom requires movement. Those who keep their garage door closed are not protecting their wealth from the world – they are denying it a future.
Various forecasts predict a further moderate increase in private wealth in Germany for 2026. Economists generally point out that, historically, long-term capital market investments have yielded higher returns than simple savings accounts.
So the time has come to put your capital where it can grow: on the path to economic participation. Strategically, in a controlled manner, and with an eye firmly on the future. That path awaits – let’s hit the road.
Note: This text was translated using AI and may contain translation errors. The German version of the text is authoritative.