JPMorgan Chase ($JPM) (+0.24%)- with more than 85 million private customers worldwide - intends to launch its Chase digital bank in Germany in the second quarter of 2026. This will make Germany Chase's second European market after the UK (since 2021).

The launch will be deliberately gradual: To begin with, Chase plans to launch an overnight deposit account that is directly tailored to the strong savings culture and high demand of German customers. Based on this start, the digital offering will be successively expanded to include other product types.

Chase's German headquarters will open in Berlin by the end of 2025. JPMorgan has been active in Germany for a long time - with roots dating back to 1924 and currently more than 900 employees in Frankfurt and other locations working in areas such as investment, private and asset management.

The move reflects a clear strategic approach: Chase wants to position itself as a digital, innovative and trusted banking offering - supported by global expertise and locally adapted services.

US companies plan share buybacks on a historic scalewhich is a sign of the American economy's confidence in the economy. Nvidia Corp is the latest company to join the long list of buyback plans.

The announced buybacks exceeded the 1 trillion US dollars reaching this level in a very short time, according to data from Birinyi Associates. The previous record was set in October last year.

In recent months, corporate giants - particularly in the areas of finance and technology - have given the green light for extensive share buyback programs.

$AAPL (-0.01%)

$GOOGL (+0.06%)

$NVDA (+0.25%)

$JPM (+0.24%)

$GS (-0.02%)

$WFC (+0.14%)

$BAC (+0.28%)

$V (-0.01%)

$C (-0.22%)

$BKNG (+0.11%)

Source: https://www.moneyweb.co.za/news/markets/us-firms-racing-through-1trn-buyback-spree-in-record-time/

$MS (-0.03%)

Today I reduced my semi-ETF by 20% to bring the weighting from 15% to 10%.

No single position has a total weighting (ETF+single stock) above 5%, which is also my threshold. I always want to stay below 5% exposure.

My forward P/E of the portfolio has also fallen to 23, which is below my target of <25, despite the high tech allocation.

This means that my tech sector weighting is now in line with my world ETF $QDEV (-0.05%)which contains around 40-49% tech. I'm happy with that. I'm just still tech-bullish.

I have also reduced the USA region to 63%, almost identical to my world ETF (61%), and thus within my target range of 60-69%.

My favorites in the semi area remain anyway $TSM (-0.36%) and $HY9H (+1.5%) which I bought cheaply and undervalued as individual positions.

$NVDA (+0.25%) is and remains king, but I do not believe that the annual return will remain above 10% in the next few years, for this the market cap would have to grow by 400 billion every year, which I think would be difficult. $AVGO (+0.36%) currently has a P/E 5x greater than forward P/E, which shows that analysts are extremely bullish on future earnings. I am also bullish, but not as strongly, so the stock has already run very hot.

My top 10 holdings with 32% total weighting are currently:

4.95% $TSM (-0.36%) Taiwan Semi

4.65% $NVDA (+0.25%) NVIDIA

4.55% $GOOG (+0.11%) Google

4.47% $AVGO (+0.36%) Broadcom

2.85% $MSFT (+0.9%) Microsoft

2.63% $META (+0.27%) Meta

2.37% $AAPL (-0.01%) Apple

2.04% $ASML (+0.13%) Asml

1.95% $MA (+0.19%) Mastercard

1.91% $JPM (+0.24%) JPMorgan

Today I got rid of some of my winners and shifted further into my ETFs.

I have sold:

$CL2 (-0.12%) +5% this fine ETF, also known as holy amumbo, will be rebuilt right next week via savings plan.

$TXRH (+0.21%) +13% whether this will not become a tenbagger in the long term and was therefore a stupid sale?

$JPM (+0.24%) +20%

$V (-0.01%) +25%

$CAT (+0.28%) +26% I suspect that we are at the end of the cycle here. But who knows for sure?

$LULU (+0.33%) -10% good numbers, very bad chat history, but at least it saved me some taxes.

$RKLB (+0%) +28% This stock always made me think of Peter Lynch's quote, "don't buy the stocks of rocket companies, buy the boring ones..."

Bought:

$VWRL (+0.16%) at €129.48 🥱

and

$EQQQ (+0.28%) at 481.75 € 😎

Homer Simpson July 31, 2025

Hello everyone,

I currently need a tip or two to finalize my portfolio to my liking.

The framework is now in place and consists mainly of the $XDWD. In the next few months, with the payment of the next bonus, the $EIMI (+0.78%) will move up. I am therefore trying to cover everything and generate steady growth until retirement.

I have also added a few dividend stocks to my portfolio, which should increase my annual passive income in the future. Everything in combination but with a slightly higher weighting on growth through the ETF. Everything is saved between EUR 800-1000 per month.

My question now: I still need a dividend stock in the healthcare sector and in the financial sector.

I am currently watching $JNJ (-0.51%) for the healthcare sector and $V (-0.01%)
$CBA (+0.8%)
$JPM (+0.24%)

Do you have any other ideas for a single stock addition for these sectors?

I am very grateful for ideas....