Scalable boss on the risk of a crash: "The panic can still come"

The stock markets have been in a bad mood for many weeks.

Scalable boss on the risk of a crash: "The panic can still come"

The stock markets have been in a bad mood for many weeks. However, the head of Neobroker Scalable cannot see a bursting bubble. Because people would still act - and smarter than 20 years ago, explains Erik Podzuweit in the ntv podcast "So techt Deutschland".

Investors need strong nerves when looking at the stock market at the moment. The leading German index DAX alone has lost around 16 percent of its value since the beginning of the year. Nevertheless, Erik Podzuweit remains relaxed when looking at the stock exchanges. "In view of this whole situation, people are still very calm," says the head of Neobrokers in the ntv podcast "So techt Deutschland". At the same time he admits: "The panic can still come."

Podzuweit reads his cautious confidence, among other things, from the money flows that are currently taking place in his trading app. The inflow of new customers is high despite the turbulent situation on the financial markets, emphasizes the founder of the neo-broker.

Despite the crisis, there is also a second development that gives us hope: when the dot-com bubble burst in spring 2000, many investors were not diversified at all, explains the head of Scalable. "Most of them had shares. Telekom, maybe they had an Infineon as well."

That looks different today, says the former Goldman Sachs banker in the podcast. Spreading and diversifying is the trend. At Scalable Capital alone, 70 percent of customers hold ETFs, i.e. exchange-traded index funds. "They really are the game changer," Podzuweit is convinced.

In the long term, however, discipline is the decisive factor for a successful investment career. "I experience that again and again," says Podzuweit and admits that it's a problem, especially for men. They are "more quickly convinced of their own genius" and often throw themselves into investments without thinking, says the Scalable boss. Studies also show that women are better investors.

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