A N B O C P D Q E R F S G T H U I V J W K X L Y M Z A A Alpha Anchoring Bias Anleihen Ask Arbitrage Aktien (Equities) At-the-Money (ATM-Optionen) Altman Z-Score Asset Turnover (Kapitalumschlag) Aktives Investieren B B Beta Benchmark Behavioral Finance Bullenmarkt Bärenmarkt Bid Bonds (Anleihen) Buy & Hold Backtest Blue Chips Börsengänge (IPO) Beneish M-Score Warren Buffett Louis Bachelier C C CAGR Confirmation Bias Cashflow Commodities (Rohstoffe) CFD (Contract for Difference) CAPM (Capital Asset Pricing Model) Cost Averaging Core-Satellite-Strategie D D Diversifikation Dividende Drawdown Dividendenaktien DAX (Deutscher Aktienindex) Derivate Downside Deviation Duration (Anleihen) E E ETF EZB Eigenkapital (Unternehmen) Eigenkapital (Investor) Eigenkapitalrendite (Return on Equity, ROE) Equities (Aktien) F F Fundamentalanalyse Fondsgröße FED Fonds Fremdkapital Future (Derivat) Forward Fixed Income G G Growth Investing Geldpolitik Gold Goverment Bonds (Staatsanleihen) Growth Stocks Gewinn je Aktie (Earnings per Share, EPS) Benjamin Graham H H Hedging Home Bias High Yield Handelsvolumen Hedgefonds Historische Volatilität I I Inflation Index Indexfonds Inverse ETFs IPO (Börsengang) Implizite Volatilität In-the-Money (ITM-Option) J J Junk Bond Jahresrendite Jahresabschluss (Bilanz, GuV) Jahreshoch / Jahrestief K K KGV (Kurs-Gewinn-Verhätnis) Korrelation Kryptowährungen (Kryptos) KBV (Kurs-Buchwert-Verhältnis) KUV (Kurs-Umsatz-Verhältnis) Daniel Kahneman L L Liquidität Loss Aversion Leverage (Hebel) Limit Order Leerverkäufe (Short Selling) Listing (Börsennotierung) Peter Lynch M M Momentum Marktkapitalisierung Margin Margin Call Multiple (Bewertungsmultiplikator) Mean Reversion Modern Portfolio Theory (MPT) N N Nasdaq Nominalzins Nikkei (japanischer Leitindex) Nullkuponanleihen (Zero Bonds) Naked Short Selling Neutrales Portfolio Negative Korrelation O O Order Overconfidence Bias Optionen (Calls & Puts) OTC (Over-the-Counter) Options-Griechen (Delta, Gamma, Theta, Vega) Out-of-the-Money Overfitting (Modellrisiko) Orderbuch Outperformance Over the Counter (OTC) P P Portfolio Passives Investieren Put-Optionen Prospect Theory Piotroski F-Score PEG-Ratio (Price/Earnings to Growth) Preferred Share (Vorzugsaktien) Q Q Quantitative Analyse Quality Investing Quartalsbericht Quantitative Fonds (Quant Funds) Quartals-Rebalancing Quellensteuer Qualitätsaktien R R Rendite Rebalancing Replikationsmethode ROE (Return on Equity, Eigenkapitalrendite) Rohstoffe (Commodities) Rentenmarkt (Anleihenmarkt) Regelbasiertes Investieren Ratingagenturen (Moody's, S&P, Fitch) Rezession Rückkaufprogramme (Share Buybacks) Risikofreier Zinssatz S S Sharpe Ratio Spread Stop-Loss Slippage Small Caps Staatsanleihen Short Selling (Leerverkäufe) Sortino Ratio Jim Simons T T Trading TER (Total Expense Ratio) U U Underperformance Underlying Umsatz V V Volatilität Value Investing Vorzugsaktie (Preffered Shares) Volumen (Handelsvolumen) Value Trap Venture Capital Verkaufsoptionen (Put Optionen) W W Wertpapier Währungsrisiko X X Xetra Y Y Yield Z Z Zins Zinsänderungsrisiko Zinseszins Zertifikat Zeichnung Zyklische Aktie

imprint Michael Bichlmeier Joseph-Suder-Bogen 27 81245 München info@alphaassetcapital.com

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Portfolio Update Daily Update 11.03.2026 (Stand 20:03 Uhr) Das Portfolio AlphaStars ist heute um +2,0% gestiegen. Die 3 Top Gewinner waren: Ciena +7,1% Lumentum Holdings +6,5% Micron Technology +5,0% Daily Update 10.03.2026 (Stand 20:03 Uhr) Das Portfolio AlphaStars ist heute um +2,0% gestiegen. Die 3 Top Gewinner waren: Ciena +7,1% Lumentum Holdings +6,5% Micron Technology +5,0%

Meine Vision ist es, 10% der Gewinne aus dem Aktienhandel in regenerative Energien zu investieren. A sustainable capital investment with high returns vision 10% of corporate profits from stock trading are to be invested in renewable energies. Renewable energies increase energy autonomy while reducing the carbon footprint and energy costs for consumers. The energy turnaround is an important building block in the fight against climate change.

31% Rendite pro Jahr ist das Ergebnis der Backtests back testing 31% annual return since 1980 The investment strategy has been extensively backtested from 1980 to 2020. During this period, the starting capital has increased from €1 million to €20 billion. For a private investor, an investment of €10,000 would have increased to €20 million. The strategy is based purely on the evaluation of data and is therefore 100% rule-based. Emotions, news or opinions don't matter. It is a pure stock portfolio with a medium-term holding period of several months. The investment strategy has a very good performance with a normal risk for a stock portfolio. The strategy also performed well in stress tests (crashes) thanks to several implemented crash safeguards. This can lead to the shares being sold in uncertain times (crashes) and a cash position of up to 100% being achieved. Exiting the market is intended to protect capital until prices start to rise again on the markets. The same amount is invested in each share to minimize risk. The investment universe generally includes all stocks except penny stocks. The investment focus is worldwide and varies depending on the market situation.

Alpha Academy Lerne investieren wie ein Profi Kostenlose Börsenbildung für alle, die langfristig Vermögen aufbauen wollen. Lerne die Grundlagen der Finanzmärkte und entwickle dich Schritt für Schritt zum Investor. Inhalt Behavioral Finance: Anchoring Bias Overconfidence Bias Loss Aversion Home Bias

Investor guide On this page, I would like to explain to you how you can best build up assets privately and give you tips on how to put this into practice. The short version Here you can see a compact overview of how I would invest the capital depending on your risk appetite. A more detailed description follows below. Low risk 25% of the capital in a private MSCI World ETF savings plan 25% of the capital in a pension policy that also invests in the MSCI World ETF 50% of the capital in AlphaStars Medium risk 25% of the capital in a private MSCI World ETF savings plan 25% of the capital in a pension policy that also invests in the MSCI World ETF 25% of the capital in AlphaStars 25% of the capital in AlphaCryptos Higher risk 50% of the capital in AlphaStars 50% of the capital in AlphaCryptos Hint Risk here refers to the extent to which your portfolio will fluctuate. This does not mean the risk of default, i.e. total loss. As a portfolio manager, I actively prevent this, so don't worry. If you invest €10,000, for example, it can go down by -30% in a crash. Of course, I try to minimise drawdowns as much as possible, but they cannot be avoided. So you have to ‘endure’ psychologically losing €3,000 in between until prices rise again afterwards. Many people overestimate their pain threshold and then get out at -20%, for example, in order to keep the remaining 80% of their capital safe. This is one of the biggest investment mistakes that private investors make! They are guaranteed to destroy capital. So don't make this mistake. Incidentally, the spread on wikifolios is quite high at around 2%. They are therefore not at all suitable for short-term trading. In addition, every sale incurs approx. 26% tax + solidarity surcharge. I therefore strongly recommend holding your wikifolio for the long term (buy and hold). Amount of the investment How much capital do I need to invest to close my pension gap? The rule of thumb is a maximum of 20% of net salary. This rule of thumb refers to the average return of the MSCI World ETF of 9%. As my returns in AlphaStars and AlphaCryptos are significantly higher, you could apply a flat rate of 10% of net salary. You should only ever invest capital that you: 1) you already have (current account, call money) 2) that you will not need for the next few years to pay bills Rebalancing Should I regularly rebalance my portfolio every 12 months, e.g. to restore the original 50%/50% distribution of capital? I strongly advise against it! After all, you have to pay approx. 26% withholding tax + solidarity surcharge on your profits every time you sell. This would mean that you can only reinvest a smaller amount. There are also costs of approx. 2% spread. Therefore, my tip is: Just leave the capital in the respective assets (ETFs or wikifolios) as it is. MSCI World ETF - Bond Policy (insurance) Should I still take out an annuity policy with an insurance company when I am over 50? No. The products have a term of > 30 years and incur costs that you will not recoup due to the tax benefits. Should I take out an annuity policy for my child under the age of 30? That would be a pretty smart move! The younger the child, the more time the capital has to earn interest. Time is your best friend here and the compound interest effect comes into its own. Advantages 1. downstream taxation 2. tax advantages 3. tax grandfathering 4. disciplining effect 5. tax payment can be structured Disadvantages 1. higher costs 2. earliest possible retirement at 62 3. can only be taken out via an adviser 4. no special assets (ensure the highest possible solvency ratio) Please do not take out an annuity policy prematurely. If you decide to do so and then cancel after 5 years, you will definitely make a loss! The insurance company recoups the costs of the product in the first few years through fees. The term of these products should be >30 years. MSCI World ETF - private savings plan Should I still invest in the MSCI World ETF when I'm over 50? You can do that, but you shouldn't expect too much. You simply don't have enough time to build up your assets. I therefore recommend AlphaStars (equities) and, if you can take more risk, AlphaCryptos (cryptocurrencies). Should I invest privately in the MSCI World ETF for my child, who is younger than 30? That would also be a smart idea! The younger the child, the more time the capital has to earn interest - time is your best friend here and the compound interest effect comes into its own. What should I look out for when selecting the MSCI World ETF? 1. physically replicating (full or sampling) 2. accumulating (profits are reinvested) 3. currency hedged in EUR 4. lowest possible total expense ratio (TER), e.g. 0.2% Example: IE000QMIHY81 Returns What returns per year can I expect? MSCI World ETF 9% (historical return over the last 40 years) AlphaStars 31% (backtests 1980 to 2020) AlphaCryptos >100% (backtests 2017 to 2023) Broker comparison Which broker should I use? There is an overview of this from wikifolio: https://www.wikifolio.com/de/de/l/mh/brokervergleich Should I choose a neo-broker because they are particularly favourable? I advise against it, even if they seem cheaper at first glance. These are often fintech start-ups that don't survive 10 years on the market. So it's better to pay around €4 for buying and selling, as is the case with Comdirect, for example. In return, you also get more stock exchange trading centres to choose from, such as Xetra. It is always best to buy your assets (ETFs or wikifolios) during trading hours between 9.00 a.m. and 5.30 p.m., when the spreads are lower. Riester- & Rürup-Pension The short version: Just ignore the fact that these junk products exist on the market. You should not conclude such a contract!

Alpha Asset ist ein Aktienfonds, welcher 31% Rendite pro Jahr erzielt hat. 10% der Gewinne sollen in regenerative Energien investiert werden, wodurch eine nachhaltige Kapitalanlage geschaffen werden soll. Mehr dazu auf www.alphaassetcapital.com Investing in Cryptocurrencies with the wikifolio AlphaCryptos The most important facts: Invested capital €- million previous return 50% (since 11.11.2024) ⌀ Annual return -% wikifolio is the reputable social trading platform for private clients. You can invest from around €150. First things first: You do not transfer any money to wikifolio or me. Neither wikifolio nor I have access to your money. Your investment is safely stored in your broker account at all times. You are welcome to create a free wikifolio account. It only takes 1 minute. Then you can add my wikifolio to your watchlist. You will then receive regular updates in your feed. Here is a 2 minute video about wikifolio, for those who don't know it yet. AlphaCryptos is a new wikifolio that invests in cryptocurrencies. In backtests, a return of >100% per year has been achieved since 2012. With an average return of 100% per year, €10.000 becomes over €10 million in 10 years. You too can benefit from the compound interest effect. Backtests 2012 - 2023 >100% Return p.a. >800 Trades -42% Maximum Draw Down about me My name ist Michael Bichlmeier and I am a portfolio manager Certified Financial Engineer (CFE) Certified Financial Modeler (CFM) Master in Finance 2025 (MBA) Certificates How does a wikifolio work? As a portfolio manager, I buy and sell Assets in the portfolio. You buy this portfolio and thus have the same return as I do. I am invested in this portfolio myself. You do not transfer any money to wikifolio or me. Neither wikifolio nor I have access to your money. Your investment is safely stored in your broker account at all times. FAQ wikiflio https://help.wikifolio.com/ Broker To buy a wikifolio, you need one of the following brokers: 1822direkt comdirect Consorsbank flatex Fidelity GBE brokers HMP Brokers justTRADE Postbank Smartbroker Targobank Traders Place XTB Click the button to my wikifolio

Trade idea This quantitative strategy is based purely on the evaluation of data and is therefore 100% rule-based. Emotions, news or opinions play no role. The investment decision is based on fundamental key figures such as the price-earnings ratio (P/E) or price-cash flow ratio (KCV), as well as on technical indicators such as trends and momentum. The portfolio is actively managed. For investors, this means no further activities after the purchase. A buy-and-hold strategy is recommended. It is a portfolio with a short to medium term holding period of several months. At least 20 different stocks are included in the portfolio for good diversification. The investment strategy has a very good return with a usual risk level for a stock portfolio. The strategy has also performed well in stress tests (crashes) thanks to several implemented crash hedges. This could lead to all equities being sold in uncertain times and the cash position increasing to up to 100%. The exit from the market is intended to protect the capital until the markets start to rise again. Short trades may also occur during crashes. ETFs can be used for hedging. The investment universe is global a nd generally includes all products except leveraged products, with a focus on equities. The investment focus will probably be the USA, but this may vary dep ending on the market situation. 10% of the profits shall be invested in renewable energies in order to create a sustainable capital investment. Risk management The portfolio is diversified by holding at least 20 shares. Individual positions start with a maximum weighting of 5% and may reach a maximum weighting of 15%. Drawdowns are actively limited from -30 %. This means that I either exit the market or start to hedge.

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