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T&V Letter | Q3 2025
AI is reshaping jobs, stablecoins are reshaping money: While fears of automation grow, the U.S. is using digital dollars to strengthen its financial power — and Ethereum is becoming the quiet backbone of this shift.
Thalmann & Verling Trust reg.
Oct 154 min read


T&V Letter | Q2 2025
The Swiss franc remains stable despite global currency weakness, thanks to solid public finances and credible monetary policy. The strong U.S. technology sector continues to be attractive for investors, even though exchange rates can impact returns.
Thalmann & Verling Trust reg.
Jul 144 min read


T&V Letter | Q1 2025
Open conversations about money, market uncertainty, U.S. tariffs in focus – and why diversification matters now more than ever.
Thalmann & Verling Trust reg.
Apr 144 min read


T&V Letter | Q4 2024
While Europe and Switzerland are struggling, the US market is once again dominating: the S&P 500 posted an impressive performance of 23.3%.
Thalmann & Verling Trust reg.
Jan 154 min read


T&V Letter | Q3 2024
Europe's life expectancy is 81.5 vs. 77.5 in the US, but a wealth gap remains, with US GDP per capita 30% higher than in the eurozone.
Thalmann & Verling Trust reg.
Oct 9, 20243 min read


T&V Commentary | Q2 2024
The Swiss National Bank (SNB) has cut interest rates again - for the second time in three months.
Thalmann & Verling Trust reg.
Jul 8, 20243 min read


T&V Commentary | Q1 2024
In the last five years, prices for single-family homes in the canton of Zurich have risen by 25%.
Thalmann & Verling Trust reg.
May 6, 20243 min read


T&V Commentary | Q4 2023
The year 2023 in one word: "The Magnificent Seven"
Thalmann & Verling Trust reg.
Feb 26, 20243 min read


T&V Commentary | Q3 2023
Successful investing is for patient people One of the biggest challenges in trying to focus on long-term goals as an investor is the...
Thalmann & Verling Trust reg.
Oct 13, 20234 min read


T&V Commentary | Q2 2023
The stock market is the economy and yet it is not. The development of the stock market is closely linked to the development of the...
Thalmann & Verling Trust reg.
Sep 1, 20234 min read


T&V Commentary | Q4 2022
Unfortunately, our announcement regarding the generation change has led to misunderstandings among our customers. We would like to...
Thalmann & Verling Trust reg.
Jun 9, 20234 min read


T&V Commentary | Q3 2022
In this newsletter, we take a closer look at two inflation drivers and show why perfection in investing is not always desirable.
Thalmann & Verling Trust reg.
Oct 17, 20223 min read


T&V Commentary | Q2 2022
Macroeconomic headwinds blowing against markets.
Thalmann & Verling Trust reg.
Jul 19, 20223 min read


T&V Commentary | Q1 2022
Inflation and the Russia-Ukraine conflict weigh on the markets.
Thalmann & Verling Trust reg.
Apr 6, 20223 min read
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