Shareholder’s News April 2016 Nru 18

Shareholder’s News April 2016 Nru 18

Notes to April’s issue of the shareholder’s News.

Yesterday, Better Finance published this report in its website:
“In a surprise announcement this morning, the ECB’s President Mario Draghi announced a significant hike in interest rates, thereby putting an end to an unprecedented era of financial repression. At this stage details are slow to emerge and remain sketchy, but savers across Europe can now finally look forward to stop seeing the real value (after inflation) of their savings being destroyed by the ECB policy”.
Please note that the article “The implications of negative interest rates” by Edward Rizzo on page 11 of the newsletter was already in print when the above news was received. However, it is still a very interesting analyses.

An additional note to the article on bank plastic cards: It may be difficult to monitor transactions with your cards and there may be instances were fraudulent/unauthorised go unnoticed. A number of banks offer an SMS alert service whereby the card user is informed each time his card is used to withdraw cash from an ATM or when particular transactions are done on-line or physically at a shop. Another type of card, “contact less” and “mobile transactions” are also growing in use and should be treated with due attention when using them.

The public conference will deal with the ” appropriateness tests” that have to be done before investing in ‘complex’ financial instruments – very important subject indeed.

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