May 15, 2020

Exit from the markets with sale of seven stocks



German podcast. English excerpt: Usually, Obermatt CEO Dr. Hermann J. Stern doesn't pull out of the stock market. But today the markets are too optimistic for him. He thinks that the effects of the pandemic are far from over. That's why Dr. Stern is making a portfolio adjustment. When he looks at his stocks, he still finds all of them really good companies that he likes to have in his portfolio.

So what should Dr. Stern sell? He chose to sell Adecco, Cargotec, RTL, Saint-Gobain, the Canadian Dollar version of West Fraser, the Swiss National Bank SNB, and Zoom, which he just bought and is now selling again with a profit of an incredible 30%. You can find out why he sold these shares in the podcast.



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