Bought a BMW

jkb92@jkb92

2Settimana

It's been moving sideways for 10 years—where does your optimism come from, or is this a trade?

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thomas@opathomas

2Settimana

@jkb92 The government must and will take action to stabilize the automotive industry; too many jobs depend on it...

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jkb92@jkb92

2Settimana

@opathomas When I look at the government, I’m not very optimistic. What do you think is going to happen? The future is electric. BMW is still the best-positioned of the German manufacturers. But without large-scale protectionism—which we can’t really afford because of our dependence on other countries—I think it’ll be tough to compete with China.

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Stocktective@Stocktective

2Settimana

@opathomas I hope God hears you, but I don't think the government cares much about that. The slow decline of industry isn't something we've just started noticing yesterday. When massive investments shifted eastward a decade ago, the government was still able to get away with throwing red tape in the way and letting jobs migrate. Car manufacturers are having to shut down, and suppliers have been doing so for years now. A lot has moved abroad in recent years; back then, we were still lucky that we were at least allowed to build the production lines and machines that are now located overseas. We’ll see what the future brings, but for now, I’m just glad I’m no longer stuck in this industry.

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Marcus-79@Aktienneuling-1979

2Settimana

@jkb92 But I also wonder: Why is it that in Germany, almost everyone is only criticizing the government (no matter which one is in power), but no one sees the unions, which have played a major role in the decline of the German economy?

Anyone who demands ever-higher wages is fueling the spiral of rising costs for companies!

Besides, some Germans really need to take a hard look at their work ethic. More and more people want to work less and less but earn the same amount of money. Spot the flaw.

The fact that Germany is no longer competitive is due to several factors, not just the respective governments.

People are calling for reforms, but no one wants to personally bear the consequences. 🤔😉

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jkb92@jkb92

2Settimana

@Aktienneuling-1979 I see it differently. What really costs money in Germany is bureaucracy. What cost the German automotive industry its competitive edge was arrogance. Things went very well for a long time—there were unions, and real wages were even higher back then. There’s still enough left over every year for big bonuses for VW executives. That’s simply mismanagement coupled with technological arrogance. You can’t make up for that even without a union. On top of that, there are the high energy prices, for which politicians are responsible because they apply double standards to wars of aggression. That’s why we’re now buying expensive American gas instead of cheap Russian gas.

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luki666@lukilouie

2Settimana

@Aktienneuling-1979 It's all the unions' fault, sure. Haha

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Marcus-79@Aktienneuling-1979

2Settimana

@lukilouie Why don't you take a closer look at the whole topic? Maybe then you'll realize what I'm getting at! 😉 But your comment shows that we shouldn't expect too much!

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PresidentDonkey@DonkeyInvestor

2Settimana

Which model?

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SpongeBob@SquarePants

2Settimana

@DonkeyInvestor not an expensive one if I look at the price he buy it… haha

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Dividendenopi👴@Dividendenopi

2Settimana

Are you maybe focusing a little too much on the dividend? 🤔

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Oleg@ScorpionfromBW

2Settimana

@Dividendenopi The dividend is worthless if the stock price continues to fall, as it has with VW.

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thomas@opathomas

2Settimana

@Dividendenopi I'm already expecting the price to rise over the next year, and yes, the dividend would still be quite attractive...😉

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stocker_1862@stocker_1862

2Settimana

I've sold off some of my BMW shares. I'm taking the profit warning from three weeks ago seriously. The next dividend will be small. So I expect to be able to buy more shares at a lower price at some point.

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Bought a BMW....