The role of Frankfurt Stock Exchange (Deutsche Boerse AG) in the European and word economy
Zbigniew Roch
European Academy of Technology & Management , GermanyAbstract
In the first part of the present paper the im- portance of the DAX (Deutscher Aktien Index) consisting of the 30 major German companies trading on the Frankfurt Stock Exchange for the development of European and global financial markets has been analysed. In the second part of the paper it is showed that although they had taken different routes, the way to became millionaire is to follow the rules of highly successful millionaires. There are some rules of successful speculation elaborated by Andree Kostolany, Warren Buffett and Antony Stasch hare presented. It is shown also that there are other, less dangerous ways to make a first million € - for example to invest in the own home, profitable, individual sources of renewable energy, saving energy. It is also pointed out that according to Warren Buffett the over-valuation of objects of speculation corresponding to the value of global financial assets grew in 2006 to 650 thousand billion (650 billions) U.S. $. This value overestimates 13,5-world annual Gross Domestic Product, of 48.3 billions US $. In 1980 both values, GDP and value of assets were approximately equal to ten billions.
Keywords:
DAX, speculation, stock market, global financial assetsReferences
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This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
