Behind every great, successfull and efficient company, is a true story of passion, emotions, hardwork and perseverance, because "Patience is a Conquering Virtue" - quoting "Geoffrey Chaucer" ( 1342 - 1400 ).

If you plant an "Orange tree", it would take a couple of years before harvesting in terms of "International Accounting Standards ( IAS 41 )" commences. Similarly, newly created but efficiently functioning companies wait or would be patient in terms of turnover before the "Break-Even Point", and the Break-Even point does not necessarily imply the point of profit making. Arguably, it is the point where the business is not making a profit or a loss simultaneously.

And this is where we come in, because we are "Certified Licensed Brokers" with Primerica, and to advise free of charge on this page that, the underpriviledged, the segregated, impoverished or discriminated should buy the Security stated below:
 

 "Threadneedle (Lux) - Global Select 1U USD"  ( ISIN:  LU1864957219 )

It is currently trading at "3,69€ ( 4 US Dollars )" per item, piece or product ( as at  23.June.2023 ). And as you can see, it is not a product for Millionaires or Billionaires, it is rather an affordable product for the needy.

After buying, please be "patient" because we strongly  believe that in approximately 10 years or a decade counting from today we might realise growth of a least 300 percentage points ( approximately 16 US Dollars per item in June of 3033 ).

We also advise on the right combination of pension funds, and mutual funds or a tandem of investment securities and life insurance policies. After acqusition, please be "patient", your products will grow with time comparatively to the "buildings on Wall Street" or in terms of an all rounded 360 degrees expansion .

"Patience is a noble Virtue, and when rightly exercised, does not fail of it´s reward" - quoting George Washington, (1732 – 1799), first President of the United States of America.

See Comparisons, development graphs below for CT (LUX) Global Select 1U (ISIN:  LU1864957219) - CT (LUX) Global Select 9U, and the Fidelity Funds - Emerging Market Funds Y DIST - USD as from 24.May.2024.

The volatility of the given investment funds is minimal and easy to manage with a "Cost Average Effect" if small amounts are regularly invested monthly or quarterly.

Trading is easy within the "Allianz Global Investors" platform or directly on stock exchanges, and several other electronic platforms.

Management of the investment portfolio could be done with the aid of a delegated Funds Manager or privately and personally if the investor is versed with investment knowledge regarding low-risk securities, stocks and bonds.

ISIN means "International Securities Identification Number", and with the (ISIN) number, investors or tax authorities can easily identify, measure, value or rate the given security.

In German it is called "die Wertpapierkennnummer" (WKN) for interested investors around Germany, Switzerland, Luxembourg, Lichtenstein or Central and Western Europe.

The Capital Asset Pricing Model ( CAPM )

The capital asset pricing model (CAPM) explains the relationship between "Systematic Risk" (meaning the general perils of investing or risk that is inherent in investment markets) and the expected return for assets (example stocks or bonds). It is a finance model that actually describes a linear relationship between the required return on an investment and risk that is linked to the given investment.

CAPM was created as a way to measure Systematic Risk. It is a widely used financial model for pricing risky securities, and generating expected returns for assets, given the risk of those Assets, and the associated "Cost of Capital".

The CAPM Formula for Calculating Returns ( for simplicity, the Treasury bill rate is considered to be the risk free rate )

ERi​=Rf​+βi​(ERm​−Rf​)

ERi​=expected return of investment

Rf​=risk-free rate

βi​=beta of the investment

(ERm​−Rf​)=market risk premium

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However, CAPM has a lot of limitations regarding delivering the actual rate of return expected or received by investors:

- CAPM does not take into consideration other schocks affecting market places and conditions.

- For example political instability in a given geographical or market area could affect markets.

- CAPM considers market participants to be honest people in transactions. Therefore, CAPM neglects possible unreal, dishonest, and dubious market transactions.

-CAPM considers market participants to be equal in terms of information regarding marketing operations.

In the Real World, transactions in a free market are dependent on other factors not taken into consideration by CAPM.

- 15. September.2008 is one of several historic days regarding the actual functioning of Financial Markets. The once prosperous global investment bank "Lehman Brothers", collapsed without prior market warnings or indicators to market participants. Products or Securities of the Bank had "triple-AAA" ratings hours before the bank collapsed and some securities of the bank were still on offer for sale in some markets several hours after the bank had been officially declared a bankrupt entity. 

Some of  the risks that affected the securities of the bank before it´s collapse were not known by the senior management of the bank, shareholders, and market participants that purchased and kept some of the given securities.

The above on CAPM is just to reflect on the fact that the returns on the securities that we have shown as examples ( Allianz Global Investors ) on this website are "real and actual returns", that take into account even the risks of deceitful transactions.

Real Returns are not dependent on the concepts of CAPM