3D·

$RMS (+3.41%) New addition to the depot.


Today I decided to invest in Hermes. The alternative would have been $MC (+2.48%) LVMH, but I don't see a turnaround or a bottom there at the moment, which is why I ultimately chose Hermes. I am convinced by Hermes' fundamentals and the continuous demand in the luxury segment, even in difficult economic times.


Interestingly, Hermes is now my second stock in the luxury segment, alongside $EL (+1.59%) Luxottica, although I see Luxottica more as a premium brand and less as classic luxury. Nevertheless, I believe that the luxury market will remain robust in the long term and will benefit from global trends such as growing affluence and the pursuit of exclusivity.


(This transaction had been planned for a few weeks and I combined it with an experiment by making this and a few other purchases on Trade Republic today as a savings plan. I don't have a concrete comparison yet, but it seems to me that Trade Republic applies a very high spread to savings plans, because I got most of the shares above their daily high. It's a pity that spreads are not taken into account when comparing portfolios).

16.09
Hermes Intl logo
Bought at €1,919.30
19
1 Comment

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I don't like them. They keep putting the parcels on top of my letterbox instead of ringing my doorbell 😡
29

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