Saturday, October 28, 2023

kittsee, austrian-slovak-border, AT-SK

=> kittsee castle + ruins of the pottenburg castle + wine cellars in prellenkirchen, AT

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what a nice stop-over in the AT-SK-border area in kittsee, federal state of burgenland, austria, AT on my way to bratislava, slovakia, SK

i drove through kittsee (it means lake kitt) village / small-town maybe 30-50 times as it is on my way when i do not buy the highway vignette for SK. there is a petrol station, which for some reason disappointed me few years ago and thus i never went there a 2nd time. thus i never stop in kittsee for longer than a pee 😉. it has changed this time, my dears.

was the break worth the time spent there? yes, absolutely. there is a castle with one of the nicest group of figures / sculptures which holds some balconies / doors / floors i've ever seen. the castle park was also quite nice and full of slovak families with small children. well, it was on saturday. on top, there is an interesting chocolate factory with direct sales to customers in a factory outlet. on the other hand, the small church and the small city center on the main road are not nice at all ... what about the lake? yes, there is a small quarry pond / lake near the road which looks like a freshly dredged hole filled up with rain water ... it is surrounded by new fat cats family houses, a fence and a road barrier, so maybe it is some rich folks protected neighborhood today. 

kittsee castle
hauswirth chocolate factory
huuuh? austrian folklore? people? scarecrows (vogelscheuchen)?
kittsee

few days later we've visited the AT-SK border area again. this time we choosed an easy hiking tour to the castle ruins of pottenburg (also hasenburg, mädchenburg) + in the evening enjoyed the private wine cellars in prellenkirchen, both in federal state niederösterreich, AT. as it is a structurally weak region, there is usually just 1 of the cellars open, so all thirsty tourists pour in and the owners can make some profit. the next day opens (in a rotating order) some other cellar out there🍷

wineyard in small (lower?) carpathians, pottenburg, AT
an easy hiking tour
ruins of the pottenburg castle, AT
pottenburg AT + bratislava SK in the small (lower?) carpatians
maybe 25m high lookout tower @königswarte mountain, AT
mountain königswarte (AT) with espionage / intercept / overhear
facility used to surveil eastern europe
brothers on top ... of the königswarte tower
ruins of the pottenburg castle, AT
wineyard in small (lower) carpathians, pottenburg, AT
wine cellars in prellenkirchen, AT
the local specialty? the new (fresh?) federweisser wines aka 'heuriger' 

very few more pictures here.

Tuesday, October 10, 2023

florian homm + moritz hessel: principles of wealth

florian homm + moritz hessel: prinzipien des wohlstands, published in april 2022 is the newest book by florian homm, the famous german ex-hedge fund manager & ex-billionaire & ex-prisoner & ex-peter lynch student/colleague & ex-harvard business school graduate & ex-basketball player & so on 😇 

source of the two book pictures here

i liked already florian homm's book endspiel, published in 2016. of course, i also watch his youtube videos on the current financial and social issues from time to time ... well, i got already used to his swanky (großkotzig) style, so i can concentrate on the content now 😃. i think he is somehow honest and willing not only to sell his charged newsletters + trading courses + books + financial advice, but also willing to pass some valuable information to his listeners / subscribers, doesn't he?

as florian homm will most likely never ever be allowed to lead a investment fund (just read his bio on wikipedia), i've decided to invest some money in the managed account @ CapTrader brokers led by moritz hessel. good luck with my money 💵, dear mortiz + florian🍀

how are they doing so far? well, after 4-6 weeks as the markets are plummeting is my total amount down by some 3 - 4 %. hell, i was in the hurry to set-up the account for these short-seller-professionals, as i've seen the markets are heading down ... but nope ... their portfolio of maybe 50 - 100 mostly american stock positions is down, even if probably 1/3 of the positions are short and 2/3 long .... they are long google, amazon, bayer, gold + resources companies ... and on the short side you will find apple, (my employer) BMW, ... of course, i can't say now how often and how fast do they switch their positions ... i will see and i plan to post here a performance update in 1 year. the corresponding notification in my google calendar is already set for the 10.10.2024, you know? 😄

few topics in this nice + easy to read investment book:

  • (their) investment philosophy
  • (their) investment style
  • total return concept
  • market crash + short selling
  • behavior of asset classes / investment categories in different cycles (inflation / deflation / stagflation)
  • many, many investment strategies
  • chances - risks - ratio
  • evaluation of investments, fundamental analysis, economic research, evaluation methods
  • stock price indicators & KPIs
  • portfolio management
  • success and fulfillment
  • do what you do really good and with pleasure
  • positive psychology (wiki) + PERMA by prof. martin seligman
source wiki

any final conclusion? interesting stuff served in a easy to read and quite easy to digest way. a lot to learn & undestand, many different trading & investing set-ups ... it seems to be possible to implement few of them which would fit to my investment style even if it requires hard work as there is a lot of research / market and company analysis needed ... sounds like i would come back to this book and to investing approach when i will work less in my regular job and concentrate more on investments 😊

3 circles video (youtube, january 2020, in german):

florian homm + moritz hessel: principles of wealth (prinzipien des wohlstands)
my 1st florian homm book was florian homm - endspiel, published in 2016.
he looked much, much younger in 2016, didn't he? 😇

Monday, October 9, 2023

markus miller: financial self-defense

what about markus miller, who was one of my favorite speakers at the precious metals show 2022? as i've seen in the article linked above, it can be no coincidence that the most slides out of all speakers i've choosen for my blog are just from markus' presentation 😎

what about his book about the financial self-defense (finanzielle selbstverteidigung), published in november 2019? as it is a kind of work book with much, much advice, links & check lists, it was not easy to read. i've needed 2+ years 😌... maybe also because due to corona lockdowns & measures i do not go to my office job that often and the underground train on my way to the office is the only place where i'm really used to read a book, you know?

well, markus miller is a well known expert on crypto & bitcoin & digitalization in german speaking countries. i even used to subscribe to his charged crypto newsletter for some time ... anyway, he is also expert on many other financial & libertarian & self-determination issues. yes, the most of his advice is directed mostly to really wealthy folks who try to pass part of their wealth outside the greedy & bureaucratic & reckless EU. the corona madness 2020-2022 has shown crystal clear that the EU does not respect basic human rights of an individual, much less the financial reserves of its citizens. most of us remember the already arranged bail-in clauses in case of a bank bankruptcies or the EU states greece and cyprus, don't we? in cyprus they've stolen their citizens all funds above 100,000 € per bank account in the so called euro greece crisis few years ago (and/or 50% of the bank funds in some other cases?) ... 

anyway, also an averege tom & jerry, who just want to pass their house / appartment tax effective to their children, can learn a lot in this book ...

so let's try to mention few major topics discussed:

  • liechtenstein, a small country outside the EU where your capital is protected from the access by german (+ austrian + ...) state
  • liechtenstein's banks, investment funds, insurance policies ....
  • importance of estate planning (nachlaßplanung), advance directive (patientenverfügung)
  • legal advice in case of capital & invetstment issues
  • tax advice / legal tricks & possibilities
  • emigration to paraguay, thailand, liechtenstein, ... but he emphasizes that the "quality of life is more important than a lower tax rate". is it really? 😅
  • and much more ...

of course, even if it is obvious i should take few preventive arrangements before it is too late, it is also soooo difficult as it means to overcome my own convenience ... 

Sunday, October 8, 2023

villach, kärnten, AT

villach (former roman names were santicum + bilachinium), kärnten, austria, AT. our nude = FKK = naked skin wellness area in hotel seestuben at the lake st. leonharder see was our stop-over on the road from premantura, croatia, HR back to munich, DE. what a beautiful stay! well, no wonder that we have decided to repeat this premantura-villach-setting next year as well 😃

... more content is comimg soon ... and till then, enjoy our last time in kärnten here.

heaven & hell! what a nice picture called Villach_panorama by Roland Ster.
completely different perspective (from hotel voco) as everything we've seen here
in our 2 days. to be honest, i wouldnt say it is villach + the drau river though we
also stayed north of the city center, my dears. omg, we've even TWICE used the
bridge on the right side to cross the river 😇. source of the picture wiki common
voco villach (former holiday inn). the place to be to take a picture you see above.
why the hell didnt anyone tell a word to me? huuuuuh? 👺
'our' hotel seestuben at the lake st. leonharder see

there is a lot of water in this town near the mountains as there are about 10 lakes (3 big ones) and the rivers drau (drave, drava) + gail. btw, i wonder how do the austrians call the sava river, when drava means drau? maybe sau 🐖? just in case you didnt know, the sava river, which springs just 10 km away from villach in zelenci / slovenia is the bigger sister of drava and they flow hundreds of km almost in parallel just to join their waters later in the danube river
sava, save, sawe, sau river

pictures, pictures, pictures 😀
hotel seestuben at the lake st. leonharder see
mr. or ms. swan?
lake st. leonharder see, villach
wellness area with a direct entry into the lake 
villach, city center
some mini remainings of former city walls + an old keep?
villach, city center
town hall (rathaus). what an ugly building! town halls are often the
nicest buildings in many european cities, you know? not so in villach
wtf means villach :grenzenlos? everything has limits, even love + universe 😇
our 2nd lunchdinner was in a mexican restaurant
many tunnel like passages out there
villach in austria (österreich). city center.
burg landskorn castle was build probably in 12th or 13th century.
in writing 1st mentioned in 1351.
villach-landskorn. here begins (or ends?) the narrow and 10.2 km long lake ossiacher see
unfortunatelly, homo 'sapiens' killed almost all free vultures (geier) in europe 😭
some really valuable historical stuff
good-bye, landskorn castle
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my villach-arts-gallery. enjoy arts 😁
arts + wisdom, to be precise 💕
... somewhere close to the mexican restaurant
open air arts?
souvenirs shop in the burg landskorn
doggy station @ the landskorn castle. a really nice painting, isnt it?
~ ~ ~
anything else abt kärnten aka carinthia?
i guess it is the map of the federal state of kärnten, austria, AT. 
still much to explore for me out there, isnt it?
kärnten? tirol? salzburg? anyway, it is still austria, AT. maybe the burg
hohenwerfen castle? (i've googled 'burg + pongau'.) who knows for sure?

even more pictures here.