|Estimated value:||€10 million|
|Country of origin:||Germany|
|Source of Wealth:||entrepreneur|
Dirk Müller, born October 25, 1968 in Frankfurt am Main, is a stock trader, fund manager and author. He is known internationally as Mr. DAX and Dirk of the DAX, as his workplace was directly under the DAX display on the Frankfurt Stock Exchange. Journalists have used his facial expressions to portray the state of the market. In 2015 he founded an equity fund – Dirk Müller Premium Aktien.
Müller was born in Frankfurt am Main and grew up in Reilingen in the Rhein-Neckar district, where he still lives. He graduated from the 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 stock exchange trader exam. He then worked as a broker for Finacor-Rabe & Partner until 1997, then for Cantor Fitzgerald International for a year and from 1998 to 2008 as an official stock trader on the Frankfurt Stock Exchange for ICF AG.
In 2008, Müller switched to the securities trading bank mwb fairtrade AG, where he worked until 2010. Since 2009 he has been the owner and managing director of Finanzethos GmbH, a company that operates the website cashkurs.com. Müller published his first book, Crash Course, in 2009, written in response to the 2007-2008 financial crisis. The successful publication made him famous. His second book, Cashkurs, was published in 2011 and soon became a bestseller and #1 on Der Spiegel’s list. Müller was one of eight experts in a committee of the German Bundestag on June 27, 2011, which aimed to prevent speculation in agricultural commodities. On April 17, 2015, Müller founded his own equity fund, Dirk Müller Premium Aktien. While the fund lost 7% in its first year, it outperformed the DAX, which lost 16% over the same period. Müller is married and the couple has a son.
The Premium Aktien fund (ISIN DE000A111ZF1) was founded on April 17, 2015. The fund announced a 7 percent loss in the first year, but was significantly better than the DAX price momentum (down 16 percent). Mueller said the portfolio is insured with options and many reserves are available for cheap investments. He rejects certain investments, such as stockpiles of weapons, on ethical grounds.
Two years after the fund’s inception, its shares fell more than 10 percent in value, even as markets — like the MSCI World, up 2 percent — grew over the same period. As of 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 took one of the last places among all international equity funds.
In the world comparison test in November 2018, the fund took second place. With his fund, which is now at 107 million euros, he earned 10.3% last year, while the Dax lost twelve percent (MSCI World – 8.20%). Mueller explains this with his cautious strategy for hedging futures risks. While Dax returned 18% in 2018, Mueller funds returned 8.57% over the same period. However, over three years, his fund only returned 2.04%, which is worse than 55% for comparable funds.
In the context of the euro crisis, he believes that the current financial system is “broken” and should be “rebooted” every year. Mueller himself describes this as a “reboot.” In a 2011 article for Compact, a right-wing populist magazine, Müller said that Wall Street was aiming for massive controlled attacks against Europe. He also predicted that war in Iran would be the next logical step. Nor does he believe that the euro is beneficial for all Germans and promotes European unity. In his opinion, the introduction of the euro came too early and was a “cardinal mistake”. For Germany, not only the mark, but also the “main euro” is possible. Greece’s debt restructuring and possible exit from the euro are inevitable. Müller criticized the alleged incompetence of the politicians. He said: “Most [Politiker] have no idea what’s going on’, and ‘our leading economic research institutes don’t even acknowledge the recession that has been raging for six months. ”
In connection with the Greek crisis, Müller was of the opinion in 2011 that banks could no longer fulfill their functions in the real economy because they had learned nothing from the first financial crisis. Müller accused the politicians of only enriching themselves from the crisis and putting off problems in order to postpone the inevitable. He called on politicians to get rid of banks. Taxpayers are unlikely to be liable for bank failures.
According to Müller, the main problem of such crises is compound interest and the creation of money by private banks as debt. He offers a complete restructuring of the existing monetary system through a sovereign monetary system. He sees other improvements and alternatives in the banking system, regional money (Chiemgauer) and tax preferences related to wages and venture capital.
|Estimated value:||€10 million|