Berlin. Christian Lindner gives an insight into how he invests in his retirement provision – and how he assesses the recent stock market quake.
Federal Finance Minister Christian Lindner (FDP) wants to reform private pension provision in Germany. A corresponding draft law is expected from his office this autumn. But how does the FDP leader What are his plans for his retirement? In an interview with our editorial team, Lindner gives an insight into how he structures his investments.
“As Finance Minister, I have voluntarily submitted myself to the compliance rules of my ministry,” explains Christian Lindner. In concrete terms, this means: “For me, investing in individual shares or other special forms of investment is out of the question.” The compliance rules, which are intended to prevent conflicts of interest, among other things, were introduced in the Federal Ministry of Finance after the spectacular billion-dollar fraud case involving the former payment service provider and DAX group Wirecard.
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The committee of inquiry at that time included top politicians, including the then Chancellor Angela Merkel (CDU) and the current Chancellor and then Finance Minister Olaf Scholz (SPD) was asked whether they had owned Wirecard shares. The background was that before the group’s collapse, employees of the financial supervisory authority BaFin, among others, had speculated with Wirecard shares.
Christian Lindner says he sticks to his company’s rules. “That’s why my instruments are the passively managed Index funds and real estate“, said the FDP leader.
Lindner: “You have to have strong nerves on the stock market”
What does this mean for Investors? He cannot and should not give investors advice, stresses Lindner. However, it is known that the FDP leader is an advocate of the stock market culture and is constantly promoting its strengthening. With regard to the recent stock market quake, the finance minister is reassuring: “The current situation is not a systemic crisis. However, we have all the tools for such a crisis,” the FDP leader told our editorial team. “On the stock market, you have to have patience and strong nerves.”
Economy in Berlin
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There are always fluctuations and slumps, but the Noticed always turned positive again at some point. In the past trading week, nervousness on the markets increased, the Japanese Nikkei 225 had recorded its highest daily loss in 37 years with a loss of 12.4 percent, but made up the losses again over the course of the week.
