I started to restructure my portfolio at the beginning of the year.

Out went a few underperformers and a partial sale (33%) of Siemens Energy to take some profits.

Now there is still a partial sale of $VUL (-0.3%) as this company currently accounts for 16% of my portfolio and is a very risky bet.

In future, no single stock should account for more than 10%.

My goal for 2025 is to beat the S&P500 again.

Sell:

$LITU (+0%) ( - 260€ )

$SBX (+5.3%) ( -330€ )

$NANO (+1.54%) ( -1732€ )

$ENR (+3.24%) ( +1774€ )

Purchase:

$ASML (+0.91%) ( 5x )

$NU (+2.71%) ( 100x )

$HLAG (-0.44%) ( 2x)

Happy New Year everyone! We are starting the new year with adjustments to the Sina ETF. (The performance here below somehow no longer corresponds to the actual performance, but so be it...) After this post you'll have peace and quiet from my ETF again :D

I sold some stocks and invested the dividends I received last year. That left me with 19 euros in cash, so it's still a 40-share ETF ;)

If this were my only portfolio, I would probably have held more cash and not reinvested directly, as the entry point doesn't always seem optimal. But I also proceeded without regard to entry points.

For the question of how high the profits or losses were, please refer to the portfolio.

Out are:

$STLAM (-2.22%) (loss)

$AFX (-0.43%) (loss)

$MC (-3.27%) (loss)

$OR (-2.2%) (loss)

$7203 (+1.92%) (loss)

$D05 (-1.03%) (Profit)

$RHM (+1.6%) (Profit)

$ENR (+3.24%) (Profit; also dropped from my "real" portfolio)

Partial sale:

$WMT (+1.06%) at 50%

Increased by:

$AAPL (-0.44%)

$MSFT (+0.45%)

$ASML (+0.91%) Since the position was down over 20%, but I am convinced in the long term

$GOOGL (+1.37%)

New additions:

$BKNG (-0.21%)

$JPM (+0.2%)

$NU (+2.71%)

$COST (+1.09%)

$AFL (+0.5%)

$INTC (+1.07%)

$CRM (+0.12%)

$NOVO B (+0.25%)

$NU (+2.71%)

• Population Brazil ~ 219 million (100 million Nu Customers)
• Population Mexico ~ 128 million (8 million Nu Customers)
• Population Colombia ~ 53 million (1 million Nu Customers)

In addition to my World ETF core, I would like to invest in the following shares (partly via a savings plan) in the coming year.

How do you rate these shares?

Which of them would you also take or do you already have in your portfolio?

$CRWD (+2.02%) - Crowdstrike

$CRM (+0.12%) - Salesforce

$AVGO (+0.33%) - Broadcom

$ACN (+1.02%) - Accenture

$SOFI (+2.33%) - SoFi

$MELI (+4.24%) - Mercadolibre

$TSLA (+3.74%) - Tesla

$AXON (+0.65%) - Axon

$NU (+2.71%) - Nu Holdings (possibly)

Friends,

In my search for a favorable entry into $NU (+2.71%) I came across the following discount certificate, WKN: MG1C88.

Do I understand the system correctly?

• The price is currently above the cap (USD 10)
• if the price remains above USD 10 until 21.03.25, will I receive USD 10 per share?
• If the price is below the cap, I will receive the shares?

Looks like a good opportunity to me, of course - very volatile.

$NU (+2.71%)

• The rapid user growth will continue in my opinion, as the expansion into Mexico and Colombia has only just begun and other countries could follow

• Revenue per user has great growth potential as it is currently around a quarter of the revenue of traditional banks

• Service costs continue to fall despite record lows

• The ratio of non-performing loans is approximately at the level of US competitors

• Business customer business is still a largely undeveloped area and has great potential for expansion

It is trading at a ridiculous FWD-PEG ratio of 0.5, which in my opinion is currently one of the best opportunities in the market

USD/BRL - here lies the problem of current weakness, dollar strength against the Brazilian real, but this has been the case for the last 5 years.

Nevertheless $NU (+2.71%) still perform magnificently ✌️

$NU (+2.71%) / $MELI (+4.24%) - YTD Performance vs Brazilian Real/US Dollar

The Brazilian real is at a historic low against the USD. This is because the central bank is raising interest rates and the government is cutting spending by 12 billion dollars by 2026 to combat inflation.

The macroeconomic situation of high inflation has been a problem since Covid and even before. However, the entire region is growing at high rates. If you can keep inflation under control, things can look really good macroeconomically.

$NU (+2.71%) and $MELI (+4.24%) have done well so far anyway .

The 🇧🇷 central bank announces a cash auction of up to 3 billion US dollars on December 26