Q2/2020 Results

Second quarter was a wild one with all the COVID-19 and BLM related issues around the globe. Both are still very much ongoing but perhaps winding down a bit. That of course can be just calm before the perfect storm but that remains to be seen.

Euro zone is not looking very good. COVID-19 recovery package is being negotiated and seems to be headed to slow spiralling death. I’m sure this can will be kicked patiently quite a bit further it probably should. Eventually however inevitable will most likely happen and euro zone will crumble at least partially. It’s probably impossible to estimate time frame for such event or even the nature of it. Due to to political reasons it might take way longer than it should. Alternatively of course it’s possible that all the issues will be resolved resulting a stronger Europe and currency. Personally I even hope so but don’t see it as a likely outcome.

Dividend income before taxes during Q2 was 1553.07 EUR (Q2/2019 3047.48 EUR). This was statistically a slight disappointment as some of the scheduled dividends were either cut or at least postponed (regulators prevented dividend payments for banking and investment companies).