Gianonchh @Gianonchh: "Today, in the western world,..."

Italy

Edited

Today, in the western world, the interest rates are very high and recently there is a growing fear for a recession in the US. Moreover, the interest rates are projected to fall in the near future, leading to less profits for banks and all the other financial institutions. In a recession-like context, poor and middle class people financially struggle, while rich people still have the possibility to spend a lot of money. This is the reason why today I decided to buy the stocks of two very important companies in the field of luxury goods: $MC.PA (LVMH Moet Hennessy Louis Vuitton SA) (a luxury conglomerate that includes brands like Louis Vuitton) and $CFR.ZU (Compagnie Financiere Richemont SA) (another luxury conglomerate that includes brands like Cartier). In order to optimize my portfolio, I also decided to sell all my positions in $SAN.MC (Banco Santander SA) (which is likely going to struggle in a low interest rates environment), $DTE.DE (Deutsche Telekom AG) and $CRH.L (CRH plc)

5 Mentioned

MC.PA

LVMH Moet Hennessy Louis Vuitton SA

CFR.ZU

Compagnie Financiere Richemont SA

SAN.MC

Banco Santander SA

DTE.DE

Deutsche Telekom AG

CRH.L

CRH plc