Magazine article Newsweek International

Hey-Where Can I Get Some of That?

Magazine article Newsweek International

Hey-Where Can I Get Some of That?

Article excerpt

In a dimly lit room high above Berlin's busy Kurfurstendamm Boulevard, Dirk Schmidt's gaze is fixed on a PC monitor. Since March the 32-year- old unemployed subway conductor has been a day trader, using the facilities at a brand-new company called D-Trade. Though his modest start-up stake of 25,000 euro (a severance payment) has shrunk by 2,000 euro, he's not worried. "No way am I going back to my old job," he says. "My future is in the stock market."

Schmidt may or may not be unrealistic. But in Germany, his faith in the stock market is no longer unusual. Already warming to stocks, average folks-subway conductors, teachers, housewives- have noticed the country's celebrated entrepreneurs and concluded that they, too, can get rich, or at least richer, if they're willing to take a few risks. For most, that doesn't mean starting companies; it means buying shares, often in the companies the entrepreneurs run. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.