I have just increased my position in Hermès $RMS (+0.17%) again. In the long term, I think the money is in good hands there. Customs problems and luxury weakness are priced in.

The latest figures were solid and I am convinced that they can continue to grow thanks to moderate price increases and rising wealth in emerging markets and Asia.

A lot has happened in my portfolio again in recent weeks. In addition to a few sales (including $GOOGL (-0.59%) and $NVDA (-0.22%)) from hot sectors, I have built up cash and diversified further ($CMG (+0.13%)
$SNPS, (+0.06%)
$BRO (-0.03%)
$AMGN (+0.17%)
$LSEG (+0%)). Further acquisitions and new entries (e.g. $INTU (-0.28%)
$ADP (-0.27%)
$WM (-0.24%)
$CTAS (+0.03%)
$RMS (+0.17%)) are planned. As short- to medium-term trades, I have invested in $Adobe (+0.08%) and $TTD (-0.27%) as short to medium-term trades. I mainly invest for the long term, but a correction (technology, cloud) including sector rotation (consumer, pharma, software) seems inevitable to me. I am therefore taking a wait-and-see approach and, if necessary, I will reenter $GOOGL (-0.59%) and $NVDA (-0.22%) again at the appropriate time.

Please let me know what you think.

I will probably share future updates with you every two months at the beginning of the month (November, January,...).

I wish you all a successful time.

Greetings Sith Lord Vader here!

In my opinion, there will be a major crash in the next 2-3 years and probably isolated corrections before that.

I would therefore be interested to know what stocks, cryptos etc. you will be adding to your portfolio in the event of a sharp fall in prices?

I am considering $RACE (+0.01%)
$RMS (+0.17%)
$ASML (-0.96%)
$BTC (-0.02%)

Thanks for your input!

#crypto
#growth
#crash
#longterm
#langfristig
#stocks
#personalstrategy

• H1 sales: €8.03 billion → +8% at constant exchange rates compared to H1 2024 (previous year: €7.50 billion)
• Sales Q2 alone: €3.91 billion → +9% in the comparative period
• Recurring operating income: €3.33 bn (+6% YoY), margin now 41.4% vs. 42% in the previous year
• Net profit (Group share): €2.246 billion (-5% unadjusted), adjusted +6% to €2.5 billion compared to previous year
• Free cash flow: €1.85 bn (+4% YoY) with operating CF of €2.73 bn (€0.32 bn investments)

Comparison with analyst estimates:

• Sales growth of +9% was slightly below the consensus of around +10%
• Profit growth of +6% (adjusted) was roughly in line with expectations
• The operating margin fell from 42% to 41.4%, which surprised several market participants

Why did the share price still fall by almost 5%?

Slight margin pressure - the margin decline despite sales growth was interpreted as a warning signal, especially for a luxury stock with an otherwise over 42% margin.

Dampening signals from China - growth in Asia (ex-Japan) stagnated at +1-3%, China remains fragile

High expectations - Investors expected consistent top margins; even small deviations were viewed negatively.

Economic environment - Uncertainty due to geopolitical situation, weakness in the European luxury market and trade tensions increased nervousness

I personally see the slight fall in the share price as a buying opportunity $RMS (+0.17%)

I would prefer to sell everything and put it into say 3-5 ETFs, but due to a mixture of different feelings I can't take this step. At least not overnight. Today I was able to part with the following positions (a big step for me, a small step for my portfolio).

$COST (-0.27%) -3% may not have been the best time to sell, but I'm no longer convinced in the long term, or rather it doesn't fit my investment idea

$PG (-0.15%) -8% stinks of opportunity cost. It may be that there is a good entry point for a solid dividend stock at the moment, but I would rather continue to build up the broadly diversified ETF.

$ROL (+0.66%) -4% ditch or not, we won't see the big fast percentages here.

$RMS (+0.17%) +25% I would not buy again today at the current price and find the valuation excessively high.

Reallocated to $VWRL (+0.1%) 🥱 and $EQQQ (-0.08%) 😎

(Thanks to a mini crash from 17:00, I also got a lot of shares)

Following the "Buffett wisdom" of investing only in exceptional companies, I decided yesterday to add Hermes to the portfolio and temporarily remove it from the portfolio. $MC (+0.26%) temporarily remove it from the portfolio - let's see if it works out as planned

clearly $MC (+0.26%) can be seen more as a "luxury holding" if you look at brands such as Dior, Louis Vouitton or Moet but exceptional is $MC (+0.26%) therefore not

but should the luxury sector regain momentum, the share is $RMS (+0.17%) in any case - and if not, the share still shows relative strength 😇

$MC (+0.26%)

The Arnault family has bought almost € 3.7 billion in the last 3.5 years. $MC (+0.26%) in the last 3.5 years.

The average price per share was € 659.

The current share price is € 455.50

$LVMUY (-0.25%)
$MC (+0.26%)
$RMS (+0.17%)
$MONC (-0.31%)
$KER (+0.06%)