This week, the listeners were interested in what the new year will bring to the stock markets and the real estate sector, which investor will be the loser, and what the opinion leaders of Äripäiv expect from the economy.
The lesson of investor Toomas: those who wait for the crash lose in the end
In this year’s “Investor Toomas hour”, the stock exchange editors reviewed the stock market events of the past year and the performance of investor Toomas’ portfolio. Transactions were reviewed and what kind of ride the portfolio participants did last year – who won, who lost.
The lessons of the investor Toomas as well as the wins and losses of the journalists’ own portfolios were presented to the audience. In addition, important events affecting the investment landscape were dissected and the course of the new year was predicted.
Members of the Äripäiv stock exchange editorial team Anu Lill, Jaan Martin Raik and Juhan Lang discussed in the studio.
The presenter was Jana Saarkoppel.
The lesson of investor Toomas: those who wait for the crash lose in the end
Tarmo Tanilas: Investors are too euphoric about the US
Investors and professional capital rush to expensive US technology shares in a mass psychosis, but Swedbank’s private banking investment strategist Tarmo Tanilas would be more cautious, he said on Äripää radio’s morning program.
The US stock market has already risen a lot due to Donald Trump’s promises, but Trump hasn’t started work yet and the promises may not be fulfilled, Tanilas said. “When I observe this euphoria, I feel comfortable taking profits from the US and putting some of it in the Baltics,” he said.
Tanilas also talked about what awaits investors this week, when the Baltic stock exchange could gain momentum and why he is currently cautious about the US stock exchange.
Lauri Lee talked.
Tarmo Tanilas: Investors are too euphoric about the US
Äripää opinion leader’s big forecast: summer will be happy, but at the end of the year…
The first “Äripää opinion leader” of the year brought Äripää’s director general, editor-in-chief and head of the investment field to the studio, who formulated their forecasts for the year that started.
“After the first quarter, we see very sad numbers,” began Igor Rõtov, CEO of Äripää. “Taxes are going up and I don’t think that the drop in Euribor will boost the real estate market. I also do not believe in the rapid improvement of export numbers. Domestic consumption is falling very strongly — we can already see that it has not risen anywhere —, car sales are freezing.”
However, Rõtov is positive, because summer and autumn will bring rapid growth, which will make economic growth in 2025 2 percent.
Editor-in-chief Meelis Mandel and head of investment Juhan Lang are also quite optimistic, although the tax increase and inflation faster than wage growth are negative developments in their eyes.
“But by the end of the year, we will no longer talk about the miracle of Lithuania. There is simply no reason, because we are in a better position ourselves,” said Mandel.
According to Lang, subjective assessment is even more important than macro indicators. “The most important thing is what the person himself feels. Nobody is probably interested in what the average unemployment or Euribor is, but how they themselves are doing.”
Together with the host Indrek Lepik, the studio team predicted the prospects and challenges for the Estonian economy in the coming year, as well as global perspectives, including the course of the war in Ukraine and stock exchanges of major countries.
Äripää opinion leader’s big forecast: summer will be happy, but at the end of the year…
Tõnn Talpsepp has a pessimistic view of the Tallinn Stock Exchange and prefers to invest in the USA
The Tallinn stock exchange has been standing still for two years, nothing major has happened during this time, and this has given Estonian patriotic investors a strong feeling, said investor, researcher and lecturer Tõnn Talpsepp.
“If we look at what the US indices are doing, and at the same time what the Tallinn Stock Exchange index or individual stocks have done, I have not found such a return here,” explained Talpsepp.
In his opinion, he does not see anything positive in the Estonian economy either, and it is difficult to see that it will soon get better in a situation where taxes are raised, we are close to war and where foreign investors do not want to come here.
Unlike investor Lev Dolgatsov, who sold off his entire position in the Nasdaq index, Talpsepp does not plan to write off US stocks or indices.
The investor also talked about where to find places for growth now, what his portfolio consists of and which shares of the Tallinn Stock Exchange to hold or even buy more.
Igor Rõtov talked.
Tõnn Talpsepp has a pessimistic view of the Tallinn Stock Exchange and prefers to invest in the USA
Risto Vähi reveals which apartment an investor buys in difficult times
Real estate investors have become more active after the sharp drop in the EURIBOR and are buying studio and two-room apartments in the sweet areas of Tallinn, said real estate expert and development manager of Elum Kinnisvara Risto Vähi.
Investors are looking for apartments costing 160,000‒180,000 euros, which will be sold, as buyers are ready to make transactions immediately, Vähi explained in the morning program of Äripää radio.
From the point of view of the market, there would also be a need for rental apartments in the vicinity of Tallinn, the expert stated.
Vähi revealed why investors buy two-room apartments, in which areas and conditions more rental apartments are needed, and what return an investor can currently expect. There was also talk about how much the prices of new developments will rise and what to expect on the real estate market this year.
Interviewed by Lauri Lee.
Risto Vähi reveals which apartment an investor buys in difficult times
Source: www.aripaev.ee
