Dirk Müller assets

Short introduction

Dirk Müller, born on October 25, 1968 in Frankfurt am Main, is a stock trader, fund manager and author. He is internationally known as Mr. DAX and Dirk of the DAX because his work place was directly under the advertisement of the DAX on the Frankfurt stock exchange. Journalists have used his facial expressions to present the market situation. In 2015 he founded an equity fund – the Dirk Müller Premium shares.

Early life

Müller was born in Frankfurt am Main and grew up in Reilingen in the Rhein-Neckar district, where he still lives. He graduated from high school at Carl-Friedrich-Gauß-Gymnasium in Hockenheim and then began training as a bank clerk and financial assistant at Deutsche Bank in Mannheim. In 1993 Müller passed the exchange trader examination. He then worked until 1997 as a broker for Finacor-Rabe & Partner, then for Cantor Fitzgerald International and from 1998 to 2008 as an official stock trader on the Frankfurt Stock Exchange for ICF AG.

Career

In 2008, Müller switched to mwb fairtrade AG, where he worked until 2010. Since 2009 he has been the owner and managing director of Finanzethos GmbH, a company that runs the website cashkurs.com. Müller published his first book, Crashkurs, in 2009, which was written in response to the 2007-2008 financial crisis. The successful publication made him known. His second book, Cash Course, was published in 2011 and soon became a bestseller and number 1 on the list of mirrors. Müller was one of eight experts on a committee of the German Bundestag on June 27, 2011, which aimed to prevent speculation with agricultural raw materials. On April 17, 2015, Müller founded his own equity fund, Dirk Müller Premium Aktien. While the fund lost 7% in the first year, it outperformed the DAX, which lost 16%, over the same period. Müller is married and the couple have a son.

The equity fund Premium Equities (ISIN DE000A111ZF1) was founded on April 17, 2015. The fund announced a loss of 7 percent in the first year, but was significantly better than the DAX price dynamics (minus 16 percent). Müller said the portfolio was insured with options and many reserves were available for cheap investments. He rejects certain investments such as weapons stocks for ethical reasons.

Two years after the fund was launched, its shares lost more than ten percent of their value, even though markets – like the MSCI World with a 2% increase – grew over the same period. In July 2017, the fund’s capital was around EUR 70 million, half of which was invested in the technology and healthcare sectors. Compared to the previous year, the fund was one of the last places among all international equity funds.

The fund took second place in the world comparison test in November 2018. With its fund, which now stands at 107 million euros, it earned 10.3% last year, while the Dax lost twelve percent (MSCI World – 8.20%). Mueller explains this with his cautious strategy to hedge futures risks. While Dax reached 18% in 2018, Mueller funds contributed 8.57% over the same period. In three years, however, his fund only returned 2.04%, which is worse than 55% for comparable funds.

Career highlights

In the context of the euro crisis, he believes that the current financial system is “at the end” and should be “restarted” every year. Mueller himself describes this as a “restart”. In an article for Compact, a right-wing populist magazine, Müller said in 2011 that Wall Street was targeting massive controlled attacks against Europe. He also predicted that the war in Iran would be the next logical step. Nor does he believe that the euro is beneficial for all Germans and promotes European unification. In his opinion, the introduction of the euro was too early and was a “cardinal error”. For Germany, not only the mark, but also the “main euro” is possible. The debt restructuring of Greece and the possible exit of the country from the euro are inevitable. Müller criticized the alleged incompetence of the politicians. He said: “Most [politicians] have no idea what’s going on,” and “our leading economic research institutes don’t even recognize the recession when it’s been raging for six months. ”

Greek crisis

In connection with the Greek crisis, Müller was of the opinion in 2011 that banks could no longer perform their functions in the real economy because they had learned nothing from the first financial crisis. Müller accused the politicians of only enriching themselves in the crisis and postponing problems in order to postpone the inevitable. He called on politicians to free themselves from banks. Taxpayers are unlikely to be liable for bank errors.

Monetary system

According to Müller, the main problem of such crises is compound interest and the creation of money by private banks as debt. It offers a complete restructuring of the existing currency system through a sovereign currency system. He sees other improvements and alternatives in the banking system, in regional money (Chiemgauer) and in tax preferences regarding wages and venture capital.