Gulf Keystone

Time for a little update 🧐

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From the original 77 positions, 46 are now left.

Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative growth stocks. 😜

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This week I sold my meme stocks, among other things:

$RKH (-1.59%)

$GKP (-1.17%)

$VWS (-2.71%)

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Now the Reits are relatively high on the hit list, in particular $NNN (-0.16%) and what continues to be a topic of indecision for me are the Magnicent 7. On the one hand the best and strongest stocks of the time, on the other hand already strongly represented in the ETFs, but also their drivers.

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How many shares do I want to reduce the portfolio to? Here, too, I am now torn. The original target would have been 30 stocks. However, I am increasingly convinced that the ideal portfolio size is 10 positions, like fingers on hands. But I think it will be very, very difficult to reduce my portfolio any further.

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I have one question for you. How do you deal with acquisitions when a stock has run away from you, so to speak? In my case, for example $PLTR (+6.35%)
$1810 (+2.98%) and $SOFI (+1.24%) . I would like to increase this position, but I'm already a bit up. An additional purchase would destroy my average purchase price.

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Unpopular trades Part XXII

Was bought $META (-2.23%) 🤫

And although I don't believe in share savings plans, I have actually activated a savings plan on $BRK.B (+0.07%) activated. As I am very convinced of Berkshire based on my latest findings.

Time for a little update 🧐

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From the original 77 positions, there are now 57 left.

Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative stocks. 😜

Not all of the stocks included are long-term investments, as I have a few trades that have not yet been completed or that I have just entered into. These are among others: $PAH3 (+0.42%)
$3EML (+0.48%)
$GKP (-1.17%)
$MC (-0.25%)
$RKH (-1.59%)
$PYPL (-0.38%)
$HSY (+0.03%)

If all my trades were closed immediately, I would probably already be under 50 positions.

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Where I still have concerns:

The Magnificent Seven. I have them all except $META (-2.23%) and I wonder whether this is wise, as they are already heavily weighted in my ETFs. On the other hand, these very stocks have performed well. That's why I only recently invested in $AMZN (+0.26%) and am thinking about getting Meta. 🤯

I'm particularly torn when it comes to $TSLA (-4.58%) Tesla. I bought Tesla because of Elon, Musk and all his promising projects. But in hindsight, I'm increasingly of the opinion that Tesla shares only benefit the carmaker and that it's no longer that interesting because the competition is getting better, faster and cheaper, for example $1211 (-0.27%) . Meta, on the other hand, could remain very interesting for the next few years.

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More unpopular thoughts:

Maybe I got in too early at $ASML (-1.59%) too early, 738€. Didn't wait for the bottom to form or for a reversal signal. I will definitely be more cautious in the future, especially with stocks that have already had a long profit history and are therefore at risk. That large investors/institutional investors realize profits after price slumps and this then leads to even greater price slumps.

Waste management $WM (-0.32%) very popular (hype?), fundamentally quite solidly positioned, moat available (I believe it is a duopoly in the USA) and with increasing population and consumption the future prospects should also be given. But will Waste Management deliver anything extraordinary besides a good return and a rising dividend? I don't think so and the business is neither scalable nor high-margin. Therefore, this could be one of the next candidates to be shot down.