Max Otte

Max Otte — latest news, discussion & facts — IJR

Investment funds

In 2003, he founded the Institut für Vermögensentwicklung (IFVE) as a limited liability company. A stock corporation established in Switzerland in the meantime has since been deleted.

Otte first became active as a fund advisor in October 2005 for a fund launched by Banque SCS Alliance in Luxembourg, the Pléiade Actions "Privatinvestor." He recommended this in 2006 in the book Der Crash kommt as a "fund for the crisis," but discontinued his advisory work for this fund in October 2008 during the 2008 financial crisis. In March 2008, the investment fund PI Global Value Fund was launched in Liechtenstein, which according to Otte's statements invested according to his strategy. This second fund received marketing authorization for Germany, Austria, and Switzerland in 2011. This was followed in July 2013 by the Max Otte Vermögensbildungsfonds AMI, launched by Ampega Investment, a fund exclusively for German investors, as Otte said he could no longer advise PI Global Value personally, but only through his Swiss "Privatinvestor" management company, due to his residence in Cologne and the tightened legal situation since the 2008 financial crisis. At the end of 2016, Otte initiated a hedge fund for professional investors. The fund was launched in March 2008.

In November 2009, he was voted "Money Manager of the Year" by the readers of the stock market journal Börse Online, winning 10,000 votes from a total of 24,000. In the same month, he confirmed that the value of (European) stocks were not yet too expensive. He defended his title as "Money Manager of the Year" in 2010 and obtained more than half of the votes, competing against 10 other money managers.

The PI Global Value fund (WKN: A0NE9G), launched in March 2008, "is among the top ten to 15 percent." However, the sale of gold mining stocks in 2015 was "simply wrong." According to a report by Börse Online, the "accusation of continuous underperformance" of the funds initiated by Otte is also unjustified. The PI Global Value fund had beaten the DAX, EURO STOXX 50 as well as the MSCI World over its entire term until the end of 2016. During this period, the fund had recorded an increase in value of 87.43 percent, which corresponded to an annual return of 7.46 percent.

In November 2017, it was revealed that Otte had moved the management of his funds from Switzerland to Germany. To do so, he had received a license from the German Federal Financial Supervisory Authority (BaFin). In 2020, this was extended to a portfolio management license.

In July 2021, the fund was changed from Max Otte Vermögensbildungsfonds to PI Vermögensbildungsfonds (DE000A1J3AM3). The fund is managed by Bayerische Vermögen AG in Traunstein.

Investieren statt Sparen

In his book Investieren statt Sparen Otte describes how private investors can achieve long-term wealth creation. It is in the interest of the investor to carry out his financial planning personally, and not have it performed by a third party. Investment is the most important component of long-term wealth creation, although personal responsibility, transparency and availability of reliable financial information as well as patience for the investment horizon are also essential. Sound investments also involve taking calculable risks. In addition, Otte describes the advantage internet offers for carrying out online bank transactions, automatically placing orders, as well as facilitating communication and exchange of information between investors. The effect of doubling private assets is based on the principle of compound interest and the possibility of earning an approx. average annual return of 8-10%, for example on the DAX. The financial objectives are determined by disposable net income, the return on investment, the investment period and the age of the investor. The investment amount is defined as savings minus consumption. The highest yields can be obtained from investment in stocks. The ownership of stocks makes the investor co-owner of a company, enabling him to benefit from the economic success of the company's goods and services. Successful long-term investments by private investors have largely resulted from investment in strong brands and quality organizations such as Coca-Cola, McDonald's, Sony, Nestlé, Procter & Gamble, IBM, etc., which have been established on the market for a long period of time.

The value of stocks is based on the present and future earnings of the organization. Otte divides stocks into several categories: "Meisteraktien" ("master stocks": internationally renowned companies with global brands such as DaimlerChrysler, Coca-Cola, Siemens), "Kaufleuteaktien" ("trader stocks": large corporations that are currently undervalued with a low price / earnings ratio; high earnings in spite of low market value), "Königsaktien" ("king stocks": the world's best mature large corporations and industry leaders that grow less quickly than revolutionary stocks), "Revolutionärsaktien" ("revolutionary stocks": young growing companies with revolutionary, innovative ideas such as Google, Microsoft, Cisco Systems, etc.) and "Valueaktien" (blue chips).

Monographs

Otte, Max (1996). Amerika für Geschäftsleute. Das Einmaleins der ungeschriebenen Regeln [America for business people. The basics of the unwritten rules.] (in German). Frankfurt am Main: Campus-Verlag. ISBN 3-593-35592-2.

Otte, Max (1988). The United States, Japan, West Germany and Europe in the international economy 1977–1987. Between conflict and coordination. Idstein: Schulz-Kirchner. ISBN 3-925196-67-6.

Otte, Max (2006). Der Crash kommt. Die neue Weltwirtschaftskrise und wie Sie sich darauf vorbereiten [The crash is coming. The new global economic crisis and how to prepare for it.] (in German). Berlin: Econ Verlag. ISBN 3-430-20001-6.

Otte, Max (2009). Der Informationscrash. Wie wir systematisch für dumm verkauft werden [The Information Crash. How we are systematically taken for fools.] (in German). Berlin: Econ Verlag. ISBN 978-3-430-20078-3.

Otte, Max (2011). Stoppt das Euro-Desaster [Stop the Euro Disaster] (in German). Berlin: Ullstein Verlag. ISBN 978-3-550-08896-4.

Otte, Max (2012). Endlich mit Aktien Geld verdienen. Die Strategien und Techniken, die Erfolg versprechen [Earn money with shares at last. The strategies and techniques that promise success.] (in German). München: FinanzBuch Verlag. ISBN 978-3-89879-631-6.

Otte, Max (2016). Rettet unser Bargeld! [Save our cash!] (in German). Berlin: Ullstein Verlag. ISBN 978-3-550-08158-3.

Otte, Max (2016). Investieren statt sparen. Anlegen in Zeiten von Niedrigzinsen, Bargeldverbot und Brexit [Investing instead of saving. Investing in times of low interest rates, cash bans and Brexit.] (in German). Berlin: Econ Verlag. ISBN 978-3-430-20225-1.

Otte, Max (2019). Die Finanzmärkte und die ökonomische Selbstbehauptung Europas. Gedanken zu Finanzkrisen, Marktwirtschaft und Unternehmertum [The financial markets and the economic self-assertion of Europe. Thoughts on financial crises, market economy and entrepreneurship.] (in German). Wiesbaden: Springer Gabler. ISBN 978-3-658-23178-1.

Otte, Max (2020). Weltsystemcrash. Krisen, Unruhen und die Geburt einer neuen Weltordnung [World System Crash. Crises, unrest and the birth of a new world order.] (in German). München: FinanzBuch Verlag. ISBN 978-3-95972-282-7.

Otte, Max (2021). Auf der Suche nach dem verlorenen Deutschland: Notizen aus einer anderen Zeit [In Search of the Lost Germany: Notes from Another Time.] (in German). München: FinanzBuch Verlag. p. 288. ISBN 978-3959724036.

Max Otte

Max Otte

Article

Related journals

Live room · 1 here

Related journals

Article

Early life

Education

Career

Author

Private life

Investment funds

Positions

Finance

European Union

Criticism of capitalism

Joint Statement 2018

Oswald Spengler Society

Murder of Walter Lübcke

Coalition government

New Hambach Festival

Memberships

Awards

Books

A Rising Middle Power?

Investieren statt Sparen

Der Crash kommt.

Publications (selection)

Monographs

Editions (publisher, co-editor or co-worker)

Essays

Other