Fisher Investments France’s opinion

First of all. Similarly, to place oneself at the forefront From the next great opportunity, it is not enough to be able to identify it, it is also necessary to anticipate the more distant trends. Consequently, But we know. For example, thanks to our dozens of years of experience in investment, that it is impossible to know the economic and political factors that will affect the demand for actions in several years. Furthermore, There are too many variables at stake. Meanwhile, In the opinion of Fisher Investments France. However, in the light of the historical development of the markets, investors can however allocate probabilities for the next 3 to 30 months. fisher investments france’s opinion Nevertheless, According to our research, this time horizon is most relevant for actions, and changes are more gradual. Moreover, Beyond that, we note that they are impossible to predict. Nevertheless, For what ? Furthermore, Or a company that develops an innovative technology with the power to revolutionize an entire sector: how much are. Similarly, the costs of the product? Furthermore, Is the company able to increase its production effectively? Moreover, Do some competitors make a similar product at a lower cost? For example, Could a regulatory or legislative change delay development? However, Does the product respond at least to a request consumers?

Take the example of active startups in the production of Clean fuels. Consequently, More than ten years ago. However, we observed a strong craze for large -scale deployment of sober fuel sources in carbon emissions, encouraged by legislative and government initiatives.[i] Among the commentators we follow. However, many fisher investments france’s opinion praised the formidable potential for yielding what they saw as a major societal change in favor of products such as biofuels, hydrogen and ethanol, to the detriment of traditional fossil fuels. Therefore, But these hopes have been upset by a whole series of obstacles that weighed on the sector: low demand from customers. Therefore, massive electricity needs, too slow deployment of government subsidies and infrastructure problems.[ii] If these investments could become profitable in the future, the sector has so far not rewarded the pioneers.

In the light of market history. Similarly, Fisher Investments France is of the opinion that even if investors position themselves early, it will be difficult for them to collect the expected fruits. The case of personal computers (PC) illustrates this words quite well. Take the example of Apple, one of the flagships in the sector. Admittedly. investors who bought the very first Apple shares are fisher investments france’s opinion welcoming it: the title has taken more than 150,000 % since the brand’s fellowship.[iii]

But the path leading to these results was chaotic. Despite an IPO (when a company sells its actions to the public for the first time) ultra -mediated in December 1980. Apple has struggled to gain power (just like its competitors) no doubt because of the high cost of its products, its significant size and a global skepticism of the company with regard to PCs.[iv] The Apple action lost no less than 61.5 % over the first 18 months following the IPO. before finding a floor in July 1982, very largely underperforming global actions in the meantime.[v] After having rebuilded significantly until the middle of 1983. Apple action fell again, is now for several years below its price of Introduction on the stock market.[vi] According to the experience of Fisher Investments France. many investors decrease their arms fisher investments france’s opinion in the face of such performance, and possibly remove their marbles from the game out of fear or by disappointment, thus depriving themselves of the exceptional yields that can follow.[vii] In this case. even investors who have shown themselves patients have deprived themselves of yields that other more efficient actions could have offered them. In our opinion, waiting for high yields can cause a significant cost of opportunity.

It is also extremely difficult in our eyes to identify the winners and losers at this early stage. If things have finally turned well for Apple, many of its pioneer peers in PCs cannot say the same. Companies like Acorn, Commodore and Sinclair have struggled to compete and ended up disappearing. You could identify the next flourishing sector. but that will not assure you to guess who will be the long -term winners.

We have said that good news for you. There fisher investments france’s opinion is no need to scrutinize the next major trend to succeed in their investments. According to his analysis of market history. Fisher Investments France is indeed an opinion that a well -diverse international action portfolio is generally sufficient. Instead, see: the annualized return on long -term international shares, which amounts to 9.0 %, takes into account both winners et losers.[viii] It may not be much compared to what those who invested us in invested in a large emerging trend. tell us very early on. But in the long term. we believe that compound yields (associated with regular contributions) offer sufficient growth allowing most investors to achieve their investment objectives. In our opinion, it is a good thing that investors do not have to take these unnecessary risks.

Investing is not becoming rich overnight. For Fisher Investments France. it is rather a question of building a plan adapted to your objectives fisher investments france’s opinion and your needs and to trust the markets in the long term. Investors who will be able to show patience and discipline will be greatly rewarded.

[i] « Clean Fuel Startups Were Supposed to Be the Next Big Thing. Now They Are Collapsing », Amrith Ramkumar, The Wall Street Journal, 08/20/2024. Consulted via MSN.

[iii] Source: Factst, at 11/06/2025. Apple action yield in USD, 20/12/1980 – 09/06/2025. Exchange fluctuations between the dollar and the euro can vary the yield of an upward and downward investment.

[iv] « Apple Went Public 44 Years Ago—What Your $10,000 Investment Would be Worth Today », Greg McKenna, Fortune12/13/2024. Consulted via Yahoo! Finance.

[v] Source: Factst, at 11/06/2025. Apple action yield in USD, 20/12/1980 – 08/07/1982. Exchange fluctuations between the dollar and the euro can vary the yield of an upward and downward investment.

[vi] Ibid. Apple action yield in USD, 08/07/1982 – 31/12/1986. Exchange fluctuations between the dollar and the euro can vary the yield of an upward and downward investment.

[vii] Ibid. Apple fisher investments france’s opinion action yield in USD, 08/07/1982 – 31/12/2024. Exchange fluctuations between the dollar and the euro can vary the yield of an upward and downward investment.

[viii] Source: FactstSet, at 10/06/2025. Annualized yield of the MSCI World index, net dividends reinvested, in USD, 31/12/1969 – 31/12/2024. Exchange fluctuations between the dollar and the euro can vary the yield of an upward and downward investment.