1D·

Sale of LVMH

Today I decided to liquidate my $MC (+1.55%) position completely.

I was not convinced by the latest figures.

1% overall growth is simply too low for such a huge company and the fact that it is picking up at the moment is, in my opinion, only due to the fact that many analysts predicted negative growth and this has now caused a brief euphoria.

At the same time, I am in the process of building up some cash again and streamlining my portfolio.

It may still pick up a little in the short term, but I don't think the growth we saw a few years ago will continue in the next few years.

16.10

LVMH

Sold x15 at €600.80

€9,012.00

1.21%

9 Comments

Mav83!@Maverick4831

$MC is a defensive position for me that I continue to DCA. And I intend to keep it that way for years to come.

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Aspirin A.@AspirinAndi

I completely agree with you and think that in the long term - even in the luxury segment - you are better off with other companies.
I will probably also liquidate/reallocate my position in the near future.

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Imvestment4Life@Investment4Life

I assume that with the generational shift, the trillions in capital from millennials and co. will be spent on luxury goods in the next 10-15 years.

Would continue to hold.

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BoldTake@BoldTake

@1Chrischi1 Take a look at Prada. Thanks to Miu Miu, they are growing at a decent rate and are still reasonably priced

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Chris@Multibagger

Certainly a good decision.

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Christian@userc5689c89dacf462d

Perhaps I would have taken a part of it and set a tight SL on the rest and let it run as long as it did. I think that >€ 640 could still be in it for the time being

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Chris@1Chrischi1

@userc5689c89dacf462d i also thought about it at first but money is money and the crash will come sooner or later and i am currently 99% fully invested and still hold 40 positions which i prefer to increase in the event of a crash :)

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Christian@userc5689c89dacf462d

I can well understand that.

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Bull-Roadto100k@Bull-Roadto100k

I think it could go at least to 700€

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