Here in the link my previous portfolio (unfortunately can no longer be updated here at the moment) and the train of thought of the last months briefly summarized:

https://getqu.in/4Kl605/

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This is my portfolio as of today.

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I probably won't manage to get rid of individual stocks completely.

But at least I could eliminate supposedly unnecessary overweightings and overlaps and focus more on second-tier stocks, such as $CALM (+1.18%)
$TXRH (+0.94%)
$SOFI (+1.78%)

In any case, I haven't reallocated much since the article linked above.

I'm taking it rather slowly, as it still feels wrong to me, although the opposite would be more accurate.

So far I have sold the following stocks:

Lotus $LOTB (-4.83%) -7,3 %

Hims $HIMS (-4.2%) +202 %

DE Telekom $DTE (+0.07%) +-0

Church&Dwight $CHD (-0.97%) -6 %

Ecolab $ECL (+0.18%) +1 %

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Below is the X-Ray, which illustrates overweightings and allocations. Nvidia and Apple are not in my portfolio as individual stocks, but are strongly represented due to the ETFs. However, I have $MSFT (+0.41%) and $GOOGL (+1.49%) shares in the portfolio, which leads to an overweighting. Alphabet convinces me in many ways, so the overweight could make sense here. But with Microsoft, the ETF share could actually be enough for me. I am therefore considering adding an SL to Microsoft, for example 7% below the current price level.

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$DTE (+0.07%)

I am happy to share my thoughts and my blog post with you here:

Depot Update:

With over +90 % price increase Deutsche Telekom is one of the strongest individual stocks in my portfolio. And that's without any tech hype or meme magic. The share is solid, delivers dividends, grows in the background - and is simply overlooked by many investors.

Time to take another thoroughly look at it again:

What's behind the success? What is the valuation? How does Telekom compare internationally? And: Is it worth buying - or would it be better to cash in and move on?

🧮 Fundamental data: Deutsche Telekom can do something - you just have to look

With over 112 billion euros in sales one of the largest telco groups in Europe - and thanks to its US subsidiary T-Mobile US it has also long been well positioned globally.

👉 2023 in figures (adjusted):

• Revenue: ~€ 112 billion
• EBITDA AL: ~€40.5 billion
• Free cash flow AL: € 16.1 bn
• Profit (adjusted): ~€7.9 billion
• Dividend: 0,77 € per share (approx. 3.5 % yield)

Particularly strong: The free cash flow is really generous compared to many other DAX companies. Deutsche Telekom uses it for dividends, buybacks and debt reduction.

🔍 Valuation: Not a bargain, but definitely not too expensive

Let's take a look at the valuation:

• P/E ratio (adjusted): ~19
• EV/EBITDA: ~6
• Free cash flow yield: ~10 %
• Dividend yield: 3.5-4% (rising)

What I like: The share is not overheatedbut not a penny stock either. Compared to other telcos (Vodafone, Telefónica etc.) the balance sheet quality is better. balance sheet quality is betterthe cash flows are more stableand the management is oriented.

A conservative DCF model (with 3 % growth, 7 % discounting) results in a fair value fair value of between € 35 and € 44 - therefore potential of around 15-40 % to the current share price.

🏗️ Infrastructure: fiber optics, 5G, cloud - much invested, much expected

Deutsche Telekom invests annually >17 billion euros in networks and technology. Why?

• 5G expansion almost complete in Germany (99% coverage planned by 2025)
• Fiber optic expansion is in full swing - copper to disappear completely by 2030
• Europe-wide strategyMarket leader in many countries (Greece, Hungary, Czech Republic ...)
• Private campus networks, cloud services, IoT - New sources of revenue away from the classic telephone connection

You can grumble about the "dusty" Telekom brand - but from a technical point of view, DT is the the leader in Europe.

🇺🇸 Growth driver USA: T-Mobile runs & delivers

However, the real growth miracle lies on the other side of the Atlantic:

• T-Mobile US (majority shareholding) is a real growth driver
• After the merger with Sprint: efficiency gains, customer growth, market share gains
• 114 million customers, market share over 30 %
• Industry leader in customer growth and service revenue growth

The US subsidiary not only brings margins - it also gives Telekom Currency diversification, higher valuation level (US market pays higher multiples) and a completely different pace of growth.

💥 Competition: between price war and premium strategy

It remains exciting in Germany:

ProviderStrengthWeakness

Telecoms

Best network, strong brand

Highest prices

O2 / Telefónica

Aggressive on prices, growing

No own fixed network

Vodafone

Cable network, combined products

Customer service, mobile phone quality

1&1

Price breaker, own infrastructure under construction

Still hardly any network coverage

Telekom pursues premium strategy:

The focus is on bundled products ("MagentaEINS"), network quality and customer loyalty. The churn rates are lower, the margins higher - but: You have to defend this position. defend this position. 1&1 in particular will put more pressure on the company in the medium term.

⚖️ Risks? Of course. But controllable

1. Regulation

The Federal Network Agency has a say in grid access and pricing. This limits imagination - but also ensures stability. No Wild West, no margin explosion - but no price explosion either.

2. Investment burden

Deutsche Telekom has to invest billions in networks every year. No future without investment. But: DT earns enough to cope with this. And the assets are long-lived.

3. Huawei dismantling

All Huawei components must be removed from German 5G networks by 2029. This is annoying, but not an existential crisis. Deutsche Telekom has been working on alternatives for years (Ericsson, Nokia, OpenRAN).

4. Competition & price war

Low-cost providers (especially O2, 1&1) will continue to exert pressure on Telekom in the future. But as long as Telekom remains betterit can justify justify premium prices.

5. USA risks

Currency risks, possible US regulation, competition with Verizon & AT&T. But: T-Mobile US is a real cash cow - and even running a buyback program.

🌱 Opportunities: Fiber, cloud, US profits - there's still room for improvement

What makes me particularly optimistic:

• T-Mobile US will probably pay dividends for the first time in 2025+
• Cash flows are increasingalso in Europe
• Fiber take-up (i.e.: customers who also book!) increases with every year
• Fewer special costsIntegration is coming to an end
• Buybacks and dividend increase are starting - also noticeable for shareholders

🧠 Personal classification & strategy

I like Deutsche Telekom because it brings calm to my portfolio.

No wild fluctuations. No 50% down in three days. Instead: Predictability, dividends, moderate growth, infrastructure moat.

The share is not a high-flyer. But it delivers. And it will continue to deliver.

✅ Conclusion - buy, hold, sell?

CriterionEvaluation

Balance sheet quality

🟡 Solid (highly indebted, but stable)

Dividend yield

🟢 Rising, well covered

Growth USA

🟢 Strong due to T-Mobile US

Valuation (DCF / P/E ratio)

🟢 Favorable to fair

Competitive advantages

🟢 Network, brand, scale

Risks (regulation etc)

🟡 Existing, but manageable

🟢 Recommendation: Hold - or savings plan in case of price weakness

I continue to hold my position - and would even add to it in the event of a setback. For me, Deutsche Telekom is a cornerstone of the defensive part of the portfolio. A cash machine with prospectsunderestimated, but solid as a rock.

If you are looking for dividends, stability and a moderate increase in value, this is the right stock for you.

No investment advice!

Hello everyone!

My parents are in the process of selling my grandparents' house. It will probably fetch around €275,000. My parents will soon both be 60 years old.

They had initially considered buying another property nearby. But they have moved away again. The lack of flexibility and the time and risk involved with tenants put them off.

I also told them more about investing in the stock market. They were very open and interested, even though they said they had an unfounded fear of shares etc.

Now my question to you. What is the best way to invest the money? I think dividends would be very nice as my parents like the passive income like from a property. But it should also be very well diversified across countries and sectors.

I personally have developed 2 solutions. You can give your opinion as to whether you think the solutions are good or, of course, if you have completely different ideas.

1. the ETF solution

15% $XEOD (+0.03%) Call money ETF. Div. 1.9%

15% $TDIV (-1.12%) VanEck Divi Leaders. Div 3.5%

10% $TRET (-0.23%) Global Real Estate. Div. 3.7%

7,5% $VHYL (-0.65%) Allworld High Div Yi. Div 3.1%

7,5% $PEH (-0.42%) FTSE RAFI EM. Div 3.9%

5% $EWG2 (+1.36%) Gold

5% $SEDY (-0.04%) iShares EM Dividend. Div 8.0%

5% $JEGP (-0.34%) JPM Global Equity Inc Div 7.1%

5% $EEI (-0.51%) WisTree Europ Equity Inc Div 6.3%

5% $IHYG (-0.15%) High Yield Bond. Div 6.1%

5% $EXXW (-0.08%) AsiaPac Select Div50 Div 5.5%

15% Rest German Divi Shares approx. div 2.5%

=100% with 3.7% dividend.

275k ×3,7% = 10.175€

With full taxation 27.99% = 7327€

On average per month: 610€ dividend

With 2k tax-free allowance: 657€ dividend per month

I find it very well diversified, you have overnight money, you have the USA and Europe well represented, but also 12.5% emerging markets ETF. In terms of sectors, finance will be at the forefront. Followed by real estate and energy. I think that's fine.

2. the equity solution

I have selected 34 strong dividend stocks. In the list they are roughly divided into GICS sectors.

15% $XEOD (+0.03%) Overnight ETF. Div 1.9%

12% $EQQQ (-0.24%) Nasdaq100 ETF. Div 0.4%

5% $EWG2 (+1.36%) Gold

2% $O (+0.21%) Realty Income 6.0%

2% $VICI (-0.8%) Vici Properties 5.6%

2% $OHI (+3.89%) Omega Healthcare 7.2%

2% $PLD (-0.06%) Prologis 4.1%

2% $ALV (-0.92%) Allianz 4.35%

2% $HNR1 (-0.38%) Hannover Re 3.4%

2% $D05 (+0.8%) DBS Group 5.5%

2% $ARCC (+0.36%) Ares Capital 9.3

2% $6301 (+0.5%) Komatsu. 4,2%

2% $1 (-0.49%) CK Hutchison 4.6%

2% $AENA (+0.19%) AENA. 4,2%

2% $LOG (-0.14%) Logista 7.3%

1,5% $AIR (-0.76%) Airbus 1.8%

1,5% $DHL (-2.19%) DHL Group 4.8%

1,5% $8001 (-0.3%) Itochu 2.8%

2% $RIO (+1.42%) RioTinto plc 6.4%

2% $LIN (-0.05%) Linde 1.3%

2% $ADN (-0.89%) Acadian Timber 6.7%

3,5% $BATS (+0.58%) BAT 7.0%

2% $KO (+0.23%) Coca Cola 2.9

2% $HEN (-1.7%) Henkel 3.0%

2% $KVUE (+2.14%) Kenvue 4.1%

2% $ITX (-1.34%) Inditex 3.6%

2% $MCD (+0.51%) McDonalds 2.6%

2% $690D (+0.18%) Haier Smart Home 5.6

3,5% $IBE (-0.27%) Iberdrola. 4,1%

1,5% $AWK (-0.18%) American Water Works 4.4%

1,5% $SHEL (+0.23%) Shell 4.1%

1,5% $ENB (+0.32%) Enbridge 6.5%

2% $DTE (+0.07%) Deutsche Telekom 2.8%

2% $VZ (-0.85%) Verizon 6.8%

2% $GSK (-2%) GlaxoSmithKline 4.2

2% $AMGN (-1.56%) Amgen 3.5%

2% $JNJ (-0.45%) Johnson&Johnson 3.5%

= 100% with 3.5% dividend

275k ×3,5% = 9625€

With full taxation 27.99% = 6930€

On average per month: 577€ dividend

With 2k tax-free allowance: 624€ dividend per month

I also think this solution is cool because you can select the largest companies or strong dividend payers in the individual sectors or countries yourself. And of course you can also select shares with which you have a connection. However, I have focused on shares from the USA, England and Germany because of the withholding tax. Spain is also well represented because of my parents' ties to this country. It's also cool that the NasdaqETF also includes the Microsoft, Amazon, etc. compounders.

What do you think?

🚀 $NVDA (+0.68%)
$DTE (+0.07%)
$SIE (-1.67%)
$IOS (+0.18%)
$SHA0 (+0.31%)

Germany is lagging behind in AI development. Together with Deutsche Telekom, the US company Nvidia wants to set up an AI data center. CEO Huang promised at the meeting with Chancellor Merz that it would be specifically geared towards the needs of local industry.

(13.06.2025, 14:10)

Deutsche Telekom is building an AI data center for European industry in Germany in collaboration with chip manufacturer Nvidia. "We must seize the opportunities offered by artificial intelligence (AI), revolutionize our industry and secure a leading position in the global technology competition," said Deutsche Telekom CEO Tim Höttges (62) on Friday. "Our economic success depends on quick decisions and collaborative innovation."

The project paves the way for the planned AI gigafactories. Five of these particularly powerful data centers are to be built in the European Union (EU). A few weeks ago, it was announced that Deutsche Telekom, together with SAP, the web host and cloud provider Ionos, wanted to bid for the construction of such a facility.

Schaeffler and Siemens also intensify cooperation

Nvidia will reportedly supply at least 10,000 AI processors from the currently most powerful "Blackwell" series for the announced industrial AI cloud. The additional computing power should be ready for use in 2026. "This infrastructure will not only be available to the market for industrial applications, but will also be specifically made accessible to start-ups and research institutions," Telekom emphasized.

On Thursday, automotive supplier Schaeffler announced an in-depth cooperation with Nvidia; with the help of Nvidia, Schaeffler intends to map all elements of its production, which will be integrated and simulated as digital twins.

Siemens is also intensifying its cooperation with Nvidia. The main aim is to make factories more efficient with digital solutions. The factories are recreated on the computer and then specifically optimized in the real world. "Together, Siemens and NVIDIA are enabling companies from all industries to fully exploit the scalable potential of AI in the physical world," said Siemens CEO Roland Busch (60).

"In the age of AI, every manufacturer needs two factories: one to make things and one to create the intelligence that powers them," said Nvidia CEO Jensen Huang (62), according to the Telekom press release.

Nvidia boss Huang meets Friedrich Merz

Huang met with German Chancellor Friedrich Merz (69) on Friday to discuss cooperation in building a sovereign AI infrastructure. The US company will work with partners to build data centers specifically tailored to the needs of German industry, the German government subsequently announced.

According to the consulting firm Deloitte, Germany must invest up to 60 billion euros in the expansion of AI data centers over the next five years and triple its domestic computing capacity in order to remain economically competitive and maintain its technological sovereignty.

However, the construction costs for new facilities would be significantly higher than in other European countries. "In addition, electricity prices in Germany are almost twice as high as in the USA, and they account for up to 60 percent of the total operating costs of a data center."

https://www.manager-magazin.de/unternehmen/tech/deutsche-telekom-baut-mit-nvidia-industrielle-ki-cloud-a-c2a0a08e-e7e0-4396-b968-3a0d4661e044

$NVDA (+0.68%)
$IOS (+0.18%)
$SAP (-1.57%)
$SIE (-1.67%)
$DTE (+0.07%)

My dears,

while one CEO sits in the sandbox in a huff. The brilliant Jensen Huang goes on a trip to Europe.

Jensen Huang is coming to Berlin next week to meet German Chancellor Friedrich Merz. The CDU/CSU and SPD want to promote an AI gigafactory in Germany with 100,000 GPUs.

At the end of next week, Federal Chancellor Friedrich Merz (CDU) wants to meet Jensen Huang, the head of the US GPU manufacturer Nvidia, in Berlin. Handelsblatt has learned this from government and industry circles. A meeting with Vice-Chancellor Lars Klingbeil (SPD) is also reportedly planned.

The CDU/CSU and SPD have agreed to build an AI gigafactory in Germany, which is to be powered by 100,000 GPUs.

Nvidia boss Huang is traveling through Europe for most of the week. On Monday, he will first appear at Tech Week in London with UK Minister for Investment Poppy Gustafsson. On Tuesday, he is scheduled to give a keynote speech at the Vivatech technology conference in Paris. According to estimates in industry circles, Huang is likely to announce various initiatives relating to the development of computing infrastructure in Europe during his appearances.

The EU has announced a funding program for the construction of AI Gigafactories, which are suitable for training large language models. In each of the four to five planned facilities, 100,000 or more special data center GPUs are to be used. Nvidia is the market leader here.

SAP, Deutsche Telekom, Ionos and Siemens are planning a joint application to the European Union (EU) for the AI data centers.

Why GPUs are so important for AI and artificial neural networks

GPUs are versatile and ideally suited for parallel computing, as is often the case in AI - but they are also energy-intensive and expensive, reported our author Klaus Manhart. They are most frequently used for training AI models. As this is very computationally intensive, several GPUs are connected together so that they can all train an AI system synchronously.

AI-optimized processors are available from almost all major processor providers. Nvidia - known for its GPUs - has entered the high-end AI market with its Tensor Core GPUs. The core GPUs are an integral part of their AI-optimized GPU architecture and are designed to perform and aggregate matrix multiplications and complex tensor operations as quickly as possible. The latest models accelerate training and inference of large neural networks in data centers.

https://www.golem.de/news/ai-gigafactory-kanzler-merz-trifft-nvidia-chef-in-berlin-2506-196943.html

I am now close to an average payout of €100 per month. Although I am not focused on dividends, this is very motivating and is another personal interim goal that I will soon reach.

The next purchase should therefore be a share that pays a dividend. However, a high dividend yield is not the decisive factor, rather a solid value that, in the best case, regularly increases the dividend.

I am considering expanding an existing position, the current choices are Blackstone $BX (-0.93%) Deutsche Telekom $DTE (+0.07%) or Caterpillar $CAT (-0.57%) .

What do you think of these stocks and which would be your favorite? Or do you have other suggestions, also with reasons?

Thank you in advance!

📅 Key date

➤ June 10, 2025

🔹Only those who on this date $1211 (+0.29%) -shares in the securities account on this date will participate in the distribution.

🎁 Bonus shares (one-off)

➤ 8 bonus shares for every 10 shares held

🔹 Subject to tax - are considered a dividend in kind

🔹 Credit is made automatically by the broker

📈 Capitalization shares

➤ 12 capitalization shares for every 10 shares held

🔹 Not subject to taxas capital increase from company funds

💵 Cash dividend

➤ RBM 39.74 (approx. EUR 4.86) per 10 shares

🔹 Payment is expected to be made on August 06, 2025

🔹 Not subject to taxas it comes from the substance of the company (as is also the case with the $DTE (+0.07%) is the case)

🧾 Important: Whole 10-unit denomination required!

➤ Distribution (bonus, capitalization, dividend) only for full multiples of 10 shares

➤ Individual shares or odd numbers of shares go away empty-handed - these lose relative value

➤ Accordingly, always round up to a multiple of 10 round up or down!

🔹 The price is adjusted after the distribution adjusted (dilution)

🏦 Settlement

➤ The entire settlement takes place automatically via your broker

Sources: See this previous post https://getqu.in/UCNlpo/

📊 Stock markets: DAX soaring 🚀

The DAX #dax started today with a strong tailwind! 🎉

• Start: approx. 23,965 points (+1.4 %)
• Midday: around 24,035 points (+1.7 %)

Reason for the good mood? 😎 US President Donald Trump has postponed the threatened 50% tariffs on EU exports by one month. This has brought relief to the markets.

🇺🇸 USA: Stock markets are robust 💪

Optimism also prevails on Wall Street:

• Dow Jones#dowjones Closing price on Friday at 42,654.74 points (+0.78 %)
• S&P 500: approx. 5,955 points (+0.7 %)
• Nasdaq 100#nasdaq100 wa 21,425 points (+0.4 %)

The markets do not appear to be impressed by the latest tariff threats. 📈

📈 Economy: light and shade 🌤️

The German economy is showing mixed signals:

• GDP growth in the first quarter: +0.4% - twice as much as expected! 🎉
• Annual forecast: However, the economic experts only expect zero growth of 0.0% for 2025.

The export sector, in particular pharmaceutical products and automotive parts to the USA, should be highlighted as a positive factor. 🚗💊

🏢 Companies: German companies on the upswing 🌟

According to PwC, German companies have made gains in the global ranking:

• SAP:$SAP (-1.57%) 31st place
• German Telekom$DTE (+0.07%) : back in the top 100 in 73rd place
• Siemens: $SIE (-1.67%) 74th place

A strong signal for the competitiveness of German companies! 💪

🔧 Industry: Hannover Messe with a focus on AI 🤖

Hannover Messe 2025 took place from March 31 to April 4 and set new standards:

• Over 4,000 exhibitors from 60 countries
• Around 130,000 visitors
• Top topic: Artificial intelligence in the industry
• Partner country: Canada

An exciting look at the future of industry! 🌐

⚠️ Data protection: Last chance to object 🛡️

Meta $META (-1.26%) (Facebook, Instagram) plans to use user data for AI training - without explicit consent. 😬

• Deadline for objection: Today, May 26, 2025
• NRW consumer advice center complains, so far without success

If you want to protect your data, you should take action today!

🎯 Conclusion: A day full of dynamism and opportunities 🌈

Today is a day that shows how closely politics, business and technology are interlinked. It remains exciting to see how developments will continue in the coming weeks.

Financial highlights Telekom ($DTE (+0.07%) )

• Revenue29.8 billion, an increase of 6.5% compared to Q1 2024 (organically +3.8%).
• Service revenue: € 24.96 billion, an increase of 6.3 %.
• EBITDA AL (adjusted for special items)11.3 billion, an increase of 7.9%.
• EBIT€ 6.77 billion, an increase of 19.0 %.
• Net result€ 2.85 billion, an increase of 43.5 %.
• Adjusted net result2.44 billion, an increase of 9.1%.
• Earnings per share0.58, an increase of 45.7%.
• Adjusted earnings per share0.50, an increase of 10.8%.

Key balance sheet figures

• Total assets€ 304.98 billion.
• Equity97.78 billion, equity ratio of 32.1 %.
• Net debt131.94 billion €.

Cash flow

• Operating cash flow11.17 billion, an increase of 16.2%.
• Investment expenditure (cash capex)4.48 billion, a decrease of 5.0%.
• Free cash flow (before dividends and spectrum)6.86 billion, an increase of 37.5 %.
• Free cash flow AL (before dividends and spectrum)5.65 billion, an increase of 52.4 %.

Key customer figures (as at March 31, 2025)

• Mobile customers259.9 million, an increase of 1.6% compared to the previous year.
• Fixed-network lines25.2 million, a decrease of 0.6 %.
• Broadband customers22.4 million, an increase of 1.5 %.