6D·

Calculable position in stormy times

I am still a big fan of Munich Re. The business model is largely crisis-proof, which of course helps against major setbacks and problems in crazy times. In principle, there are no 'goods' that could be subject to any tariffs or similar, nor are there any disrupted supply chains that could lead to the company's own business operations being interrupted. I therefore sleep well with the fact that $MUV2 (-2.12%) is by far the largest single share in my portfolio at the moment.

It's like a good horse in the stable that's still giving milk 😉😅

06.05

Munich Re

Received x100 Dividends at €20.00

€2,000.00

13 Comments

Kalle@Brazzo_Muc

100 pieces are already very stable 🚀
I have 20 $MUV2 and 25 $ALV and am more than satisfied. Business models fit, good dividend and dividend growth ✅

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NichtRelevant@NichtRelevant

@Brazzo_Muc Sounds good. Allianz and Munich Re are also a necessary and identity-forming basic investment for a Münchner Kindl (your profile), so to speak 😉.

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Kalle@Brazzo_Muc

@NichtRelevant Absolutely a bit of home bias, plus friends/family work in both houses. They are also top employers 👌

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Daniel Kaufmann@Wollitz

@trader_rprdb: Why not both ;)

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NichtRelevant@NichtRelevant

@Wollitz This is certainly also an option.

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ynnxs@ynnxs

I am also invested in $MUV2 but am more convinced by $HNR1 because historically the share price growth is more stable and did not start strongly until 2022, as was the case with the Munich-based company 😁

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NichtRelevant@NichtRelevant

@ynnxs I'm originally from the south - I have a regional bias. 😅

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ynnxs@ynnxs

@NichtRelevant Well, let's hope it doesn't end up costing you your return 😏

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Robi@trader_rprdb

Why not Allianz? Everything applies to them too

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NichtRelevant@NichtRelevant

@trader_rprdb Allianz or other insurance companies are certainly also good.

However, I would say that Munich Re is even more international and therefore more broadly positioned due to its reinsurance business. It is also less affected by government regulation, as it is (mainly - well Ergo does direct business) B2B and not so much in the end customer business.

Note: Personally, I don't invest in Allianz because they once treated me rather unkindly and kicked me out of an insurance company. Since then, they have been on my personal blacklist. (Together with Lufthansa - they're supposed to have the carrying capacity abfaulen⚡️). 😅

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ynnxs@ynnxs

@NichtRelevant Someone once said to me: "Insurance companies can go bust, but if reinsurers go bankrupt, we will have completely different problems in the world"
As you say, reinsurers are globally diversified, which means that only extreme global crises could really lead to losses that cause a total collapse of the industry.

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NichtRelevant@NichtRelevant

@ynnxs Good point, that's true. If the reinsurer fails, we have a mega crisis or a world war.

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ynnxs@ynnxs

@NichtRelevant That's exactly what I was getting at 👍🏻

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