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On the Path to Financial Freedom - June Update 📊

June marks the end of my second-worst month on the stock market since I started keeping records... It’s not all sunshine and rainbows. But hey, you’ve got to be among the worst performers sometimes so that things can get better again in the future! 😉

Here’s an overview of the portfolio in May:

👉🏻 June:

Starting balance: 1,398,020 euros + 72.39 cash

End: 1,219,254 euros + 428 cash

Deposit: -3,000 euros

Loss: -175,410 euros (-12.55%)

The loss is mainly due to the continued decline in the price of gold and the associated drop in mining stock prices. For this reason, I remain calm about this situation, because anyone who has been investing in mining stocks for a while is familiar with these fluctuations. At this point, there’s no need to worry about it yet.

In addition to mining stocks, however, automotive stocks $P911 (+2.87%) (Porsche) and $VOW (+3.39%) (Volkswagen), as well as Chinese stocks $BABA (-3.41%) (Alibaba), $PDD (-0.41%) (PDD Holding), and $1810 (+1.97%) (Xiaomi). I selectively bought more shares in these.

In addition to the (unrealized) price losses, there were also a few instances of profit-taking here and there this month. On the bright side, this month also marked my strongest dividend month of the year—and of all time. All in all, I received 16,600 euros in gross dividends. The main contributors were Volkswagen, Porsche, and—by far the best dividend payer— $BIJ (+0.44%) (Bijou Brigitte) 👍🏼

I’d say I’ll check this month off my list and look forward to July—after all, it seems to be off to a reasonably good start. If that isn’t a good omen... 😊

Bad months are just part of the deal!

➡️🆓: On my way toward 4 million in total assets, I’m now 40.35% of the way there.

Here’s to successful stock market trades! 😊

8 Comments

Do you actually let losses run, or do you ever take them?

If only 25% of my positions were in the black, that would really bug me :)

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Part_Time_Joe@Part_Time_Joe

@Alpalaka It depends. Sometimes I take losses (like with Bayer last year—a mistake), but usually only when I truly believe that something fundamental has changed for the worse.

As a rule, I take profits fairly quickly in increments—starting at 15%, 25%, and so on. I only let the “mines” run. That’s why, overall, my positions are more often in the red. It doesn’t bother me anymore!

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Sebastian@Basde99

May I ask why you're so convinced about mining stocks and what advantages they offer you compared to other stocks? And congratulations on that incredibly awesome portfolio—wishing you continued success!

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Part_Time_Joe@Part_Time_Joe

23H

@Basde99 I’m actually quite skeptical of our monetary system. I see gold as a safe haven in this context. After all, ever since the financial crisis—and then at an accelerated pace since 2020 (COVID-19)—we’ve been experiencing a massive devaluation of fiat currency and a rise in debt. In my view, the case for gold is that there are no signs of a reversal in monetary policy (quite the contrary), interest rates are more likely to fall than rise (in the long term), and gold has a very strong track record. Gold has been used as a store of value for the past 2,000 years and will certainly continue to be so for the next 100 years.

With mining stocks, I’m more or less making a leveraged bet. On the one hand, there’s always the potential for price appreciation due to further “discoveries,” and on the other hand, they benefit disproportionately from rising gold prices.

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MR.Bean@Bizzle

I hope you're already driving a Porsche; otherwise, I'd trade it in for the stocks.

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Part_Time_Joe@Part_Time_Joe

23H

@Bizzle I'm not really a car fan. That's why I'd rather keep the stocks.... 😉

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MR.Bean@Bizzle

22H

@Part_Time_Joe Can I ask what kind of car you drive? And do your friends know how much money you have?

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Part_Time_Joe@Part_Time_Joe

22H

@Bizzle Sure. A 2016 A-Class. It was brand-new back then. I think it's great. I'll drive it until it falls apart!

Not all of them, but a few. We also talk among ourselves about investments and stuff.

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