wAsesoramiento Mult-Family Office - Cluster Family Office

Doctors, lawyers, economists or businesspeople: we are all investors.

Consultancy and support for a Family Office, Family Office, financial management, Multi family Office, Reflection, wMult-Family Office, wI need a Family Office
03/15/2013

It seems that the world is divided between those who save and those who don’t. But many of those who claim to live from hand to mouth do, at some point in their lives (mostly in middle age) and despite the hardships of this crisis, tend to put a little money aside for their old age or for an uncertain future. However, most of these forward-thinking people have never considered themselves investors, but simply savers. Warren Buffett said that Investing means spending less today so that we can spend more in the future, and he hit the nail on the head, as he almost always does. (more…)

Should I invest from Spain or from Luxembourg?

For many investors this has been the big dilemma since the European periphery began to collapse financially. When the insolvency of Spanish banks came through the door, the more prudent investors naturally jumped out of the window... and mostly in the direction of Luxembourg. The fact is that this small Duchy has been the Wall Street of the Eurozone for several decades now. London and its City remain a gigantic pseudo-European financial centre, but for the purposes of fiscal transparency, affinity with Brussels and its single currency, Luxembourg has become much more “Eurozone friendly“. (more…)

From Russia with Courage.

Despite being the closest member of the BRICs, the Russian economy is still largely unknown to Spanish investors. However, we are already beginning to see its inhabitants travelling en masse around the world. And little by little we are becoming familiar with their appearance and language, because more and more Russian tourism is flooding the Mediterranean coasts from the Turkish Riviera to the Costa Brava. Restaurant menus in the Cyrillic alphabet are now quite common, and this is a clear sign that their roubles are beginning to make a substantial contribution to the balance sheets of our companies. (more…)

When performance is not enough.

Most investors care little about what might have happened. They only value and rate the quality of their bets by the final outcome. In other words, often without realising it, they subscribe to the old saying: “all's well that ends well”.

But when in the investment equation we leave behind simple performance and look at something as subtle and complex as the ultimate downside risk that has actually been taken (not volatility), things are getting more complicated... but for the better. And this is of particular importance in this New Normal, where security and risk have changed hands to the amazement and ignorance of the financial world, as we warned in “The New Normal", "The New Normal" and "The New Normal".“Who has taken my risk?” (more…)

20 Risky Lies for a Real Investor

In the world of finance and business, very different creatures coexist, and sometimes they blend in so well that, at first glance, they can confuse many people. And most people may be tempted to believe arguments that are often bandied about as if they were universal laws, when in reality they are nothing more than Risky Lies. Before listing around twenty of these, let’s take a look at the five types of investor into which almost all of us mortals can be categorised: (more…)

Where to invest if money is no longer worth anything

Many analysts specialising in precious metals and other types of assets are warning of the value that gold – and, above all, silver – may acquire in the future. They argue that, in the case of silver, the global scarcity of this metal means that only around 7 grams per person on the planet have been mined. This is indeed scarce, if we consider it as an asset to which money can be anchored in the near future.

(more…)

Asset protection in the New Normal: «Debt Bomb».»

In this day and age, it is becoming increasingly difficult to find a safe haven for our money, and indeed for any type of asset. The safe investments of the global economic paradigm of the past no longer exist. How easy it was for the investor who wanted security, a decade or two ago, to place assets in fixed income or bank deposits, with the only worry being that inflation would not eat them up, wasn't it? (more…)

Why do they call it ‘risk’ when they mean ‘volatility’?

Most of you will no doubt remember the famous Spanish film entitled “Why do they call it ‘Love’ when they mean ‘Sex’?” in which Verónica Forqué plays a charming porn actress. We’ve borrowed the title of that film to name this article, in which we’ll attempt to explain the confusion (for want of a better word) that reigns in the financial sector – that is, amongst banks and their various clients and investors – when it comes to distinguishing between risk and volatility. To lighten the mood a little, we’ll be interspersing this article with a few cartoons by Forges, who is a master at laying bare the banking sector’s shortcomings. (more…)

Investors and Gamblers

Over the last 10 years, there has been a proliferation of stock market “courses” catering to all tastes. Some purport to teach how to trade derivatives, others show how to carry out technical analysis of charts to theoretically beat the market on a consistent basis, whilst others even sell their winning trading algorithms and strategies. All of them are advertised as the panacea that will make anyone who buys them rich. There is a whole world of techniques to choose from for supposedly getting rich on the stock market, with very little effort and very quickly, as their adverts claim. However, they all have one thing in common: their sales generate profits for their creators that the latter have not been able to achieve in the markets using their own methods – at least not consistently over time. (more…)

Investment funds and the devil take them all…

It is very interesting to note that the majority of Spanish investors have a very poor impression of the quality of investment fund management in general. So much so that a great many investors opt for simplicity, diversification and the low-cost of ETFs, fed up with paying high fees in exchange for sheer mediocrity, to put it politely. But let’s not forget that ETFs are nothing more than pure replicas of indices and benchmarks of all kinds, and their appeal lies solely in their diversity, low fees and lack of active management (assuming that is a virtue). In this way, investors ensure that returns will not fall below the respective benchmark indices, as no mediocre decision on the part of the fund managers can worsen the linked return… but at the same time they resign themselves to not even having the possibility that active management might outperform the markets. The fact is that, unfortunately, there are an increasing number of disillusioned Spanish investors who have given up on the idea that their investments might outperform the market in a clear and consistent manner over time. They regard it as a pipe dream, an unattainable and utopian dream. And the culprits are none other than banking advisers and Spanish regulation. (more…)

(+34) 93 626 47 75

(+34) 91 794 19 82

Category: wAsesoramiento Mult-Family Office

Doctors, lawyers, economists or businesspeople: we are all investors.

Should I invest from Spain or from Luxembourg?

From Russia with Courage.

When performance is not enough.

20 Risky Lies for a Real Investor

Where to invest if money is no longer worth anything

Asset protection in the New Normal: «Debt Bomb».»

Why do they call it ‘risk’ when they mean ‘volatility’?

Investors and Gamblers

Investment funds and the devil take them all…

Shall we help you search?

Cluster Family Office

Do you need help in capital and wealth management?

How can I avoid the negative effects that my fortune may have on my children?

How and when should I talk to my children about family wealth, and what relationship should they have with money throughout their adolescence?

How can I measure the real risks of my investments and protect my assets adequately?

Do I have sufficient liquidity and stable income to cover my needs on a permanent basis?

(+34) 93 626 47 75

(+34) 91 794 19 82

Category: wAsesoramiento Mult-Family Office

Doctors, lawyers, economists or businesspeople: we are all investors.

Should I invest from Spain or from Luxembourg?

From Russia with Courage.

When performance is not enough.

20 Risky Lies for a Real Investor

Where to invest if money is no longer worth anything

Asset protection in the New Normal: «Debt Bomb».»

Why do they call it ‘risk’ when they mean ‘volatility’?

Investors and Gamblers

Investment funds and the devil take them all…

Shall we help you search?

Cluster Family Office

Do you need help in capital and wealth management?

How can I avoid the negative effects that my fortune may have on my children?

How and when should I talk to my children about family wealth, and what relationship should they have with money throughout their adolescence?

How can I measure the real risks of my investments and protect my assets adequately?

Do I have sufficient liquidity and stable income to cover my needs on a permanent basis?

(+34) 93 626 47 75

(+34) 91 794 19 82

Security Notice