Go semestrito.
Now that was just the month of June look back and make up a summary of what has happened in these first 6 months. Fortunately in Invertia did the other day, so I save my work and I will save your reading with the following summary, which to be honest, one would want to come mourn.
Development of profitability in the first half 2008.
The Ibex 35 has been one of its worst halves so far this decade. We must go back to 2002 when the first half of this year fell 17% to find a similar figure. Over the past five years, the Spanish selective has spikes ranging from 13% in the first half of 2003 to 5% scored in the first six months of last year.
Within the Ibex 35, the blue chips have not been able to offer returns to investors. With the exception of Repsol-YPF, which has benefited from the rise of crude oil (the price of Brent has risen by 47% to 92 euros in June from those quoted in December 2007), none has achieved the great sign . The Spanish oil giant has seen its shares have appreciated by 10%.
U.S. suffers unless Europe despite being the trigger
International equities has not offered many opportunities for investors since only 50 Eurostoxx has yielded 17.5% in the first six months. This figure reaches 20% if calculated on year. The London FTSE has fallen more than 10% and the Paris CAC, the DAX 17% and also dropped 17% since January.
Across the Atlantic has not been much better and the Dow Jones suffered a fall of 8.5%, far less than what European stock markets shows that the focus of the problem in the subprime market have had a greater waist. The S & P 500 has also assigned a 8.75%, while the Nasdaq technology has been the most penalized left andalusia 9.5%.
The funds can not overcome the crisis
The funds have not had a good response to the crisis. Of all the funds marketed in Spain, none of the funds investing in equities Spanish get a positive sign. Nor that they choose only the actions of the euro zone.
The fixed income funds were the only ones, along with the money, which have achieved a positive return in the top 0.89% since January. Did the best that money gained 1.19% of profitability. The equity has fallen to 8.96 on May. Equities has given mixed 5.42% fixed income and mixed it has 1.64%.
Deposits, Internet accounts and letters, the only hope
The problem of inflation seems to be the biggest concern of investors. The swift action taken by central banks to foster liquidity in the markets after the drowning triggered by subprime problems have led to the setting in inflation in May was at the figure of 4.6% year on year. Moreover, the surge of oil almost 50% has not helped control it. For this reason, it is hard to find products that have exceeded the mark of the CPI.
The current accounts of entities traded on the Internet appear to have been a good option. The average profitability of these products was 4.5%, which allows the investor to try to counter inflation. Some deposits to more than one year are the only ones who manage to overcome the CPI. For example, the account offers a blue Banesto yield of 5.5% APR on a monthly or deposit of Caja Madrid for 15 months is 5%.
The house is not safe investor
The price of second-hand housing has fallen 3.65% in the first five months of the year, to reach the 2376 euros per square meter, according to a study by the portal Facilisimo.com. Only in May, the price of real estate used has decreased 1.04%, while in the past twelve months the value of the home yielded 5.64%.
There will still be waiting for official statistics on housing and the National Statistics Institute (INE) will begin publishing the price index of Housing (IPV) on the evolution of house prices on new and used during July or August, according to sources in the body chaired by James Garcia.
Year old that we go. If you have mortgage badly by rising Euribor and if you have pasta, too bad because the returns (if any) are ridiculous. If the fund, money that no longer issues, whether it's as if we must.
Written by Carlos Lopez on June 27, 2008 with 316 comments
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