\r\n\tThe US stock rally of recent years was too tempting to resist. Everyone could consider themselves a genius in investing, as almost all US stocks performed well.\r\n<\/p>\r\n
\r\n\tThat things can go differently has been evident for a few weeks now. In particular, Trump’s tariffs, dubiously justified by the “fentanyl crisis,” are unsettling many.\r\n<\/p>\r\n\r\n \r\n\t\tAs observed during the meeting with Zelensky, Trump and his team are not yet done with their highly unorthodox behavior. The election has been won, and approval ratings will not matter as much for nearly the next four years.\r\n\t<\/p>\r\n\t \r\n\t\tOnly in the midterms, the US congressional elections in November 2026, will public opinion become important again. Until then, in the next 18 to 19 months, a lot of damage can be done without fearing consequences.\r\n\t<\/p>\r\n<\/section>\r\n\r\n \r\n\t\tIt is noticeable that the highly praised US tech stocks are suffering the most. Just as they previously outpaced all others, they are now the first and hardest hit.\r\n\t<\/p>\r\n\t \r\n\t\tOn the other hand, the proportions remain roughly the same. Alphabet (Google) still has a strikingly low price-to-earnings ratio of around 20, while Palantir, even after heavy losses, still carries a hefty P\/E ratio of nearly 500.\r\n\t<\/p>\r\n<\/section>\r\n\r\n \r\n\t\tUS investor forums are increasingly discussing European stocks. The DAX and European stocks are soaring, with Friedrich Merz\u2019s multi-billion package further fueling enthusiasm.\r\n\t<\/p>\r\n\t \r\n\t\tNow is a good time to take a closer look at domestic stocks. Telekom, Siemens, SAP, Allianz, and Munich Re have been performing well, even before Trump, and are now seeing even greater demand.\r\n\t<\/p>\r\n\t \r\n\t\tHowever, European defense stocks have already overheated at the time of this article\u2019s publication.\r\n\t<\/p>\r\n<\/section>\r\n\r\n \r\n\t\tGold, known as a crisis-resistant asset, is becoming even more interesting. Physical gold is not necessary, as storing small amounts in a safe deposit box incurs disproportionately high costs.\r\n\t<\/p>\r\n\t \r\n\t\tAs a non-physical gold investment, Exchange Traded Commodities (ETCs) like Euwax Gold II or Xetra-Gold<\/a> are recommended.\r\n\t<\/p>\r\n<\/section>\r\n\r\n \r\n\t\tNo matter how turbulent things get, a property entry in a German land registry keeps you on the safe side.\r\n\t<\/p>\r\n\t \r\n\t\tRents rise with inflation. Housing is a basic need and has always been scarce in Germany and many other industrialized nations.\r\n\t<\/p>\r\n\t \r\n\t\tReal estate offers three types of returns: value appreciation, rental income, and tax benefits through depreciation potential.\r\n\t<\/p>\r\n\t \r\n\t\tProperty transfers within families enjoy tax advantages.\r\n\t<\/p>\r\n\t \r\n\t\tBanks are relatively willing to finance real estate, enabling the leverage effect<\/a>, which boosts return on equity.\r\n\t<\/p>\r\n\tUS Administration Still Aggressive<\/h2>\r\n\t
Investors Nervous About US Tech Stocks<\/h2>\r\n\t
DAX and Euro STOXX 50 on the Rise<\/h2>\r\n\t
Gold as an Anchor in Turbulent Times?<\/h2>\r\n\t
Real Estate as a Perennial, Crisis-Proof Investment<\/h2>\r\n\t