HNW Capital Management AG

Independent Wealth Manager and Family Office

Zürcherstrasse 91

8640 Rapperswil

+41 55 220 88 00

1950 - 2015

Or why everybody is better off.

Change in eight Subcomponents since 2000

Or why it is getting ever more expensive to keep up with the Jones

The cost of trying to outsmart the market as an active investor