A native of North Hesse, he has over 25 years of experience in financial journalism and active portfolio management and is regarded as a proven expert on German small-cap stocks and special situations.
After studying law at the University of Göttingen with a focus on banking and capital markets law, he began his career in Frankfurt's financial scene at the turn of the millennium. As a stock market and business journalist, the passionate amateur golfer wrote for leading investment newsletters, financial newspapers, and business magazines, including PLATOW Börse, Capital Depesche, BÖRSE ONLINE, Capital, and the Financial Times Deutschland.
From 2011 to 2013, he headed the Frankfurt editorial office of the financial newspaper €uro am Sonntag. From 2013 to 2026, he served as deputy editor-in-chief of the well-known investor magazine BÖRSE ONLINE and was responsible for the premium stock market service "Lars Winter Report," which featured a highly successful real-money portfolio. He remains widely known to a broad financial audience through various podcasts, TV appearances, and prominent stock market events.
As an investor, Winter follows a disciplined stock-picking approach with a particular focus on small-cap stocks and undervalued companies in special situations. In his experience, especially among smaller second- and third-tier companies, there are still many undiscovered opportunities—regardless of the market environment—that can help investors succeed in various market phases.
As a fund manager, he is responsible, among other things, for the UCITS fund Salus Alpha Special Situations. His Wikifolio strategy, "BÖRSE ONLINE Nebenwerte", has ranked among the platform's most closely followed portfolios for many years and consistently manages a growing multi-million-euro investment volume.
Commented by Lars Winter
Commented by Lars Winter on September 1st, 2026 | 07:05 CEST
Potential Double-Baggers in the Drone Boom, EV Upside and a Takeover Bet: What Volatus Aerospace, BYD and Delivery Hero Offer Investors
Three stocks from three different sectors, each driven by a powerful catalyst: Volatus Aerospace is targeting the multibillion-dollar drone market and aims to evolve into an integrated aerospace and defense company. BYD is countering the slowdown in China's auto market with an aggressive export strategy. And at Delivery Hero, operational progress is converging with takeover speculation. Three shares with plenty of potential – but also significant risks. In this stock check, we take a closer look at the three companies, highlighting where the biggest opportunities lie, what analysts recommend, and which types of investors each stock may be best suited to.
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Commented by Lars Winter on August 28th, 2026 | 07:30 CEST
Almonty Gears Up for the Next Phase, Siemens Energy Plans Spin-Off, Apple Gets a New Leader – 3 Exciting Stocks in the News Roundup
The stock market trades on the future—but eventually, it demands a return on that investment. At Almonty Industries, the tungsten "fantasy" nurtured for years is now set to become a mining business worth billions. Siemens Energy is leveraging its operational momentum to unlock further value through the spin-off of Transformation of Industry. And at Apple, a new generation of leadership is taking the helm just as the company must deliver its response to the AI boom. We take a closer look at these three stocks in our latest stock roundup.
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Commented by Lars Winter on August 26th, 2026 | 07:20 CEST
Money, Money, Money: RE Royalties, Aumann and Pfizer Put Dividend Investors in the Money
Dividends are far more than just a consolation prize during weak market phases. Profit distributions typically account for a large portion of a stock's total return. In addition, dividends generally fluctuate much less than earnings and share prices. A high yield alone, however, is not a seal of quality. It can also result from a sharp drop in the share price, an overextended payout ratio, or an impending cut. Many dividend enthusiasts therefore also seek reliability. The three selected dividend stocks cover different strategies: RE Royalties entices with a double-digit yield and the greatest upside potential, but also carries the highest risk. Aumann, on the other hand, is a short-term speculative play offering a generous special dividend, largely financed by its well-stocked cash reserves. Pfizer, in contrast, offers the lowest yield of the trio but boasts the longest and most reliable dividend history. We take a closer look at these stocks.
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Commented by Lars Winter on August 25th, 2026 | 07:05 CEST
Lahontan Gold, Agnico Eagle, Wheaton Precious Metals: Three Exciting Hot Stocks for the Ongoing Gold Price Rally
Gold is making a strong comeback. The price per troy ounce jumped by more than 5% last week and is now trading at nearly USD 4,700. A weaker US dollar and falling yields on long-term US Treasury bonds provided the impetus. However, doubts about the sustainability of high government debt, geopolitical risks, and purchases by many central banks provide the rally with a structural foundation. According to the World Gold Council, 89% of the central banks surveyed expect global gold reserves to rise; 45% plan to expand their own holdings. Supply, on the other hand, is slow to respond. It can take 10 to 15 years from the discovery of a deposit to the start of production. For mining stocks, a higher gold price acts as a profit accelerator: costs change more slowly than the selling price in the short term, causing margins to grow disproportionately. Three stocks offer different investment approaches—Lahontan Gold as a speculative project developer, Agnico Eagle as a producer, and Wheaton Precious Metals as a streaming specialist. We take a closer look at these gold "hot stocks".
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Commented by Lars Winter on August 21st, 2026 | 09:00 CEST
A.H.T. Syngas on the Verge of a Breakthrough? Tonies Booms, RENK Sparks Takeover Speculation - Three Stocks to Watch
From a celebrated high-flyer to a forgotten micro-cap: A.H.T. Syngas has seen its share price plunge. But new projects, a growing pipeline, and a focus on scalable energy solutions are sparking fresh optimism. If the operational turnaround succeeds, the stock has the potential to multiply in value. Tonies also still offers upside potential. The manufacturer of the popular audio cubes for children continues to deliver strong growth and recently reported solid results. Meanwhile, transmission-system manufacturer and defense contractor RENK is also impressing operationally. The company is sitting on a record order backlog and is even considered a potential takeover target. Three stocks with completely different risk profiles—but each with clear catalysts driving their prices. We take a closer look at this trio in our stock review.
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Commented by Lars Winter on August 19th, 2026 | 07:05 CEST
Zefiro Methane, RENK and Talanx on the Move: Three Interesting Stocks Under Review
New orders, operational progress, and an upgraded outlook: Zefiro Methane, RENK, and Talanx have all seen significant developments recently. While Talanx has long been among the top tier of European insurers and RENK is benefiting from the defense boom, Zefiro Methane is turning a largely overlooked environmental problem into a growing business opportunity. We take a closer look at these three promising stocks in our stock review.
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Commented by Lars Winter on August 14th, 2026 | 07:30 CEST
Is Desert Gold Poised for a Re-Rating and Price Surge? RWE and Allianz on Track for Record Highs: Three Stocks Under the Microscope
Gold is once again trading just under USD 4,400 per ounce, offering Desert Gold Ventures an ideal environment to make the leap from explorer to producer. If the first facility successfully begins operations, the valuation of this penny stock could change dramatically. Meanwhile, RWE is impressing with strong earnings growth. Insurer Allianz is delivering record profits and generous capital returns, though the DAX-listed stock is already trading near its all-time high. Three stocks, three risk categories—and clear catalysts for each. We take a closer look.
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Commented by Lars Winter on August 12th, 2026 | 07:15 CEST
Lahontan Gold, Deutsche Telekom, and Berkshire Hathaway: Three Stocks with Fresh Momentum
Gold has rebounded strongly following its recent pullback, which also plays into Lahontan Gold's favour. The Canadian gold explorer is also entering a period that could prove particularly important for its future development. New drill results could provide further insights into the potential of the Santa Fe mine in Nevada. In addition, the updated resource estimate and revised preliminary economic assessment are expected to follow. Meanwhile, Deutsche Telekom is treating its shareholders to a buyback program worth billions, and at Berkshire Hathaway, a new era is beginning following Warren Buffett's departure. Three stocks with very different risk profiles—but each backed by fresh potential catalysts. We take a closer look at the trio in this stock analysis.
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Commented by Lars Winter on August 11th, 2026 | 07:45 CEST
Almonty Industries, Deutz, and GFT: Strong Upside Potential Thanks to Tungsten, Defense, and AI
Commodities, defense, and artificial intelligence are among the major stock market themes of our time. Three companies are currently making headlines in these areas. With its new tungsten mine in South Korea, Almonty Industries has evolved from a project developer to a producer. Engine manufacturer Deutz is establishing a second pillar in the defense sector through a multi-billion-euro acquisition. And software specialist GFT is demonstrating for the first time on a large scale that it can generate revenue with its own AI solutions. Three stocks with strong drivers for price growth—but very different risks.
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Commented by Lars Winter on August 7th, 2026 | 09:40 CEST
Is HPQ Silicon on the Verge of a Breakthrough? Evonik and Rheinmetall Are Already Delivering: Three Exciting Stocks Under the Microscope
New batteries are expected to keep drones in the air longer, innovative production processes are set to revolutionize the specialty chemicals industry, and defence contracts worth billions are expected to fully utilize the industry's capacity. The companies HPQ Silicon, Evonik, and Rheinmetall are developing innovative technologies and high-tech products, targeting different segments of these growth markets. The opportunities for investors are significant, though the risks are distributed very unevenly. We take a closer look at this trio in our stock review.
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