5Mon·

Feedback on my portfolio?

In particular, I would be interested in your opinion on "Future-proof portfolio under 4 years #trump " in particular. The ETFs $IWDA (+0.64%) MSCI World, $SPXS (+0.73%) S&P500 and $IPRV (+0.3%) Private Equity are saved monthly in equal parts.

The #btc Pump is of course nice at the moment, but it comes and goes. So for me it runs alongside as a long-term HODL strategy.

36Positions

€547,931.67

126.97%

5 Comments

Epi@Epi

5Mon

"Future-proof under 4 years of Trump?" 😂

But many international companies dominate your portfolio. Industry is almost completely absent. Hedge assets as well. Future-proof would be a bold claim.

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Journeyman@Journeyman

5Mon

@Epi Thanks for the feedback. That's why I asked. My first action after the election was to shift 30k into the S&P, because American companies. I think they will continue to outperform the Eurozone in the short term (1-3 years). Of course there is also a lot of tech there, but less than in the NASDAQ, for example. Regarding hedge: do you mean gold, commodities, bonds? What would you do?

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Epi@Epi

5Mon

@Journeyman I don't know your profile, so it's difficult to make specific recommendations. Perhaps you could take a look at the Dow Jones Index. There are many industrial companies that are likely to benefit more from Trump's policies than BigTech. And hardly anyone has the DJI on their radar.
Hedge: of course, gold, but possibly also a direct short USD. A 30% USD devaluation can really hit a US-heavy portfolio.

All in all, I would perhaps draw up 2-3 scenarios and anticipate the corresponding performances in order to then develop an optimal portfolio or a flexible strategy.
In view of the coming uncertainties, I would generally look for active strategies that adapt the allocation to the circumstances. 🤷

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Investor@Investorentagebuch

5Mon

I would probably leave out the IPRV, at least if you are doing it to invest in PE. PE is not called "private equity" for nothing and is only possible to a limited extent when listed (this may change now with some ELTIFs participating directly in co-investments, but we'll have to wait and see). With IPRV, you tend to invest in large asset managers (since the early 2000s, KKR and Blackstone have been in so many asset classes that they hardly call themselves private equity firms anymore, similarly with Apollo and now also EQT... and Partners Group is also only a manageable part). Apart from that, you invest in the listed management company and gain virtually nothing from the success of the portfolio companies that are in the closed-end funds... because the sales proceeds first go to the investors in the closed-end funds and then largely to the investment teams, i.e. the employees.

Otherwise, I also think it is very tech-heavy... regardless of Trump, the valuation situation should normalize at some point. I would position it a little more broadly in terms of sectors.

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Journeyman@Journeyman

5Mon

@Investorentagebuch super interesting, thank you! I will take a closer look at the PE topic and possibly phase it out as a savings plan. In fact, I had expected to be more "directly" involved in the success of these PE companies.

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