Dirk Müller assets net worth

Brief introduction

Dirk Müller, born on October 25, 1968 in Frankfurt AM Main, is a stock trader, fund manager and writer. He is internationally known as Mr. Dax and Dirk of the Dax because their workplaces were directly under Dax advertisements on the Frankfurt Stock Exchange. Journalists have used his facial expressions to present a market situation. In 2015 he founded the equity fund – Dirk Müller’s premium shares.

Youth

Müller was born in Frankfurt AM playing and raised in Reilingen in the Rhein-Neckar District, where he still lives. He graduated from a high school at Carl-Friedrich-Gauß-Gymnasium in Hockenheim and then started training as a bank officer and financial assistant at Deutsche Bank in Mannheim. In 1993 Müller passed the Exchange Traders 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 turned to MWB Fairtrade AG, where he worked until 2010. Since 2009 he has been the owner and director of the GMBH Finanzethos, a company that runs the cashkurs.com website. Müller published his first book, Crashkurs, in 2009, written as a response to the 2007-2008 financial crisis. Publications that succeeded in making him know. The second book, Cash Course, was published in 2011 and soon became the best -selling book and number 1 in the mirror list. Müller is one of eight experts at the German Bundestag Committee on June 27, 2011, which aims to prevent speculation with agricultural raw materials. On April 17, 2015, Müller founded his own equity funds, Dirk Müller Premium Aktien. While funds lost 7% in the first year, it outperformed Dax, which lost 16%, during the same period. Müller is married and the couple has a son.

Premium Equity Fund Equity (Isin De000A111zf1) was established on April 17, 2015. The fund announced a loss of 7 percent in the first year, but significantly better than the dynamics of DAX prices (reduced 16 percent). Müller said the portfolio was insured with options and many reserves were available for cheap investment. He refused certain investments such as weapons for ethical reasons.

Two years after the funds were launched, the shares lost more than ten percent of their value, even though the market – like the MSCI world with an increase of 2% – grew during the same period. In July 2017, capital funds around EUR 70 million, half were invested in the technology and health care sectors. Compared to the previous year, the funds were one of the last places among all international equity funds.

The funds took the second place in the world comparison test in November 2018. With funds, which is now established at 107 million euros, he received 10.3% last year, while Dax lost twelve percent (MSCI World – 8.20%). Mueller explained this with his careful strategy to protect the value of futures. While Dax reached 18% in 2018, Mueller Dana contributed 8.57% during the same period. However, in three years, the funds only returned 2.04%, which was worse than 55% for comparable funds.

The funds took the second place in the world comparison test in November 2018. With funds, which is now established at 107 million euros, he received 10.3% last year, while Dax lost twelve percent (MSCI World – 8.20%). Mueller explained this with his careful strategy to protect the value of futures. While Dax reached 18% in 2018, Mueller Dana contributed 8.57% during the same period. However, in three years, the funds only returned 2.04%, which was worse than 55% for comparable funds.

Career spotlight

In the context of the Euro crisis, he believes that the current financial system is “in the end” and must “start again” every year. Mueller himself described this as “restart”. In an article for Compact, Right Wing Populist magazine, Müller said in 2011 that Wall Street targeted massive attacks on Europe. He also predicted that the war in Iran would be the next logical step. He also did not believe that Euro was beneficial for all Germans and promoted European union. In his opinion, the introduction of Euro is too early and is a “cardinal mistake”. For Germany, not only a sign, but also “main euro” is possible. Greek debt restructuring and the possibility of the exit of countries from the Euro cannot be avoided. Müller criticized the alleged inability of politicians. He said: “Most [politicians] do not know what is happening,” and “Our prominent economic research institute does not even recognize the recession when it has been raging for six months.”

Greek crisis

In connection with the Greek crisis, Müller believes in 2011 that banks can no longer perform their functions in the real economy because they do not learn anything from the first financial crisis. Müller accused politicians of only enriching themselves in a crisis and delaying problems to delay inevitable. He asked politicians to free himself from the bank. Taxpayers may not be responsible for bank errors.

Financial system

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

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