| Capital: | € 10 million |
| Age: | 51 |
| Born: | 10/25/1968 |
| Country of origin: | Germany |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2022 |
Short creation
Dirk Müller, born on October 25, 1968 in Frankfurt am Main, is a inventory dealer, fund supervisor and author. He is the world over referred to as Mr. DAX and Dirk of the DAX due to the fact his paintings region turned into at once beneathneath the commercial of the DAX at the Frankfurt inventory alternate. Journalists have used his facial expressions to offer the marketplace situation. In 2015 he based an fairness fund – the Dirk Müller Premium stocks.
Early life
Müller turned into born in Frankfurt am Main and grew up in Reilingen withinside the Rhein-Neckar district, in which he nevertheless lives. He graduated from excessive faculty at Carl-Friedrich-Gauß-Gymnasium in Hockenheim after which started schooling as a financial institution clerk and economic assistant at Deutsche Bank in Mannheim. In 1993 Müller handed the alternate dealer examination. He then labored till 1997 as a dealer for Finacor-Rabe & Partner, then for Cantor Fitzgerald International and from 1998 to 2008 as an legitimate inventory dealer at the Frankfurt Stock Exchange for ICF AG.
Career
In 2008, Müller switched to mwb fairtrade AG, in which he labored till 2010. Since 2009 he has been the proprietor and coping with director of Finanzethos GmbH, a employer that runs the internet site cashkurs.com. Müller posted his first book, Crashkurs, in 2009, which turned into written in reaction to the 2007-2008 economic disaster. The a hit book made him known. His 2d book, Cash Course, turned into posted in 2011 and shortly have become a bestseller and no 1 at the listing of mirrors. Müller turned into one in all 8 professionals on a committee of the German Bundestag on June 27, 2011, which aimed to save you hypothesis with agricultural uncooked materials. On April 17, 2015, Müller based his personal fairness fund, Dirk Müller Premium Aktien. While the fund misplaced 7% withinside the first year, it outperformed the DAX, which misplaced sixteen%, over the identical period. Müller is married and the couple have a son.
The fairness fund Premium Equities (ISIN DE000A111ZF1) turned into based on April 17, 2015. The fund introduced a lack of 7 percentage withinside the first year, however turned into drastically higher than the DAX fee dynamics (minus sixteen percentage). Müller stated the portfolio turned into insured with alternatives and lots of reserves have been to be had for reasonably-priced investments. He rejects sure investments which includes guns shares for moral reasons.
Two years after the fund turned into launched, its stocks misplaced extra than ten percentage in their value, despite the fact that markets – just like the MSCI World with a 2% increase – grew over the identical period. In July 2017, the fund’s capital turned into round EUR 70 million, 1/2 of of which turned into invested withinside the generation and healthcare sectors. Compared to the preceding year, the fund turned into one of the closing locations amongst all worldwide fairness price range.
The fund took 2d region withinside the global contrast check in November 2018. With its fund, which now stands at 107 million euros, it earned 10.3% closing year, at the same time as the Dax misplaced twelve percentage (MSCI World – 8.20%). Mueller explains this together along with his careful method to hedge futures risks. While Dax reached 18% in 2018, Mueller price range contributed 8.57% over the identical period. In 3 years, however, his fund simplest lower back 2.04%, that’s worse than 55% for similar price range.
Career highlights
In the context of the euro disaster, he believes that the modern-day economic device is “on the end” and need to be “restarted” each year. Mueller himself describes this as a “restart”. In an editorial for Compact, a right-wing populist magazine, Müller stated in 2011 that Wall Street turned into focused on big managed assaults in opposition to Europe. He additionally anticipated that the battle in Iran will be the subsequent logical step. Nor does he accept as true with that the euro is useful for all Germans and promotes European unification. In his opinion, the creation of the euro turned into too early and turned into a “cardinal error”. For Germany, now no longer simplest the mark, however additionally the “fundamental euro” is feasible. The debt restructuring of Greece and the feasible go out of the u . s . a . from the euro are inevitable. Müller criticized the alleged incompetence of the politicians. He stated: “Most [politicians] haven’t any concept what’s going on,” and “our main monetary studies institutes don’t even understand the recession while it’s been raging for 6 months. ”
Greek disaster
In reference to the Greek disaster, Müller turned into of the opinion in 2011 that banks should now no longer carry out their capabilities withinside the actual financial system due to the fact that they’d discovered not anything from the primary economic disaster. Müller accused the politicians of simplest enriching themselves withinside the disaster and suspending troubles as a way to delay the inevitable. He known as on politicians to loose themselves from banks. Taxpayers are not likely to be responsible for financial institution errors.
Monetary device
According to Müller, the primary hassle of such crises is compound hobby and the introduction of cash with the aid of using non-public banks as debt. It gives a entire restructuring of the prevailing foreign money device thru a sovereign foreign money device. He sees different upgrades and options withinside the banking device, in local cash (Chiemgauer) and in tax alternatives concerning wages and task capital.
