Value Ansatz mit deutschen Aktien

This wikifolio relies on a superior performance (assumed by me) of companies that should demonstrate steady growth. An annual increase of the book value ist to be assumed as indicator of constant growth. A company that is able to continuously increase its book value each year will increase its market capitalization and thus its stock price in the long run if one assumes a historically relatively constant price-earnings ratio. Only companies with a book value that has been contantly increasing for 10 years are to be added to the portfolio. Thus, mostly companies that have already established themselves on the market are to be represented. The basic aim is a balanced portfolio weighting. A short or even medium-term over- or underweighting of individual titles may be caused by anti-cyclical buys or sells. Since the fundamental approach assumes a long-term success of all portfolio securities, weakness are to be bought and strength, as appropriate, sold.