A lot has happened in my portfolio again in recent weeks. In addition to a few sales (including $GOOGL (+0.02%) and $NVDA (+0.32%)) from hot sectors, I have built up cash and diversified further ($CMG (-0.75%)
$SNPS, (-3.14%)
$BRO (-0.71%)
$AMGN (-2.02%)
$LSEG (+0%)). Further acquisitions and new entries (e.g. $INTU (-2.35%)
$ADP (-1.43%)
$WM (-1.07%)
$CTAS (-1.59%)
$RMS (-0.62%)) are planned. As short- to medium-term trades, I have invested in $Adobe (-3.55%) and $TTD (-0.23%) 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 (+0.02%) and $NVDA (+0.32%) 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 (-0.29%)
$RMS (-0.62%)
$ASML (+1.12%)
$BTC (+0.03%)

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 (-0.62%)

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 (+0.42%) -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 (-0.41%) -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 (-1.47%) -4% ditch or not, we won't see the big fast percentages here.

$RMS (-0.62%) +25% I would not buy again today at the current price and find the valuation excessively high.

Reallocated to $VWRL (-0.15%) 🥱 and $EQQQ (+0.33%) 😎

(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 (+0.59%) temporarily remove it from the portfolio - let's see if it works out as planned

clearly $MC (+0.59%) can be seen more as a "luxury holding" if you look at brands such as Dior, Louis Vouitton or Moet but exceptional is $MC (+0.59%) therefore not

but should the luxury sector regain momentum, the share is $RMS (-0.62%) in any case - and if not, the share still shows relative strength 😇

$MC (+0.59%)

The Arnault family has bought almost € 3.7 billion in the last 3.5 years. $MC (+0.59%) in the last 3.5 years.

The average price per share was € 659.

The current share price is € 455.50

$LVMUY (+0.61%)
$MC (+0.59%)
$RMS (-0.62%)
$MONC (+0.05%)
$KER (+1.22%)