MiFID II, no joking!

mifidII

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Wow, a GRAND start into the new year 2018! MiFID II just took off! The “Market in Financial Instruments Directive”, what an awkward name, even according to Bloomberg! Not many I know can memorise this easily. Maybe it looks better like this:
– Markets
– in
– Financial
– Instruments
– Directive
Not really! Nevertheless, MiFID II just took effect on January 3rd 2018. This European legislation had grand intensions, since it’s first implementation back in 2007 as MiFID I. Increase consumer protection and increase competition! Great, sounds good!



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BLOCKBUSTING YEAR 2O18

NY18.1

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As I woke up this morning, enjoying my favorite first coffee, Brooke chanted out my usual financial summary I have now become accustomed to. Nothing special nowadays. She beamed up the key figures right in front of me over the kitchen table, all my accounts, my two portfolios, all non-financial assets with derived appraisals on my real estate, my home and holiday appartment, the latest  estimates on my stamp collection, even one on my old books collectables. Nothing had moved significantly lately so Brooke was fairly calm.


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