$NFLX (-0.34%) announced that it will open a third entertainment center in 2027, this time in Las Vegas, to expand its brand presence and profile beyond streaming.

The "Netflix House" will allow fans to immerse themselves in the worlds of their favorite shows and movies and will include themed gift stores with exclusive merchandise and restaurants.

The streaming giant's latest initiative will allow it to generate additional revenue and diversify its business model, increase customer loyalty and strengthen Netflix's market position through innovation in entertainment.

The first two Netflix Houses will open in Philadelphia at the King of Prussia Mall and in Dallas at the Galleria Dallas at the end of 2025.

"This is fandom coming to life, where you can actually immerse yourself in the worlds you've seen and loved for years," said Chief Marketing Officer Marian Lee.

The Philadelphia location will debut experiences based on popular titles such as "Wednesday: Eve of the Outcasts" and "ONE PIECE: Quest for the Devil Fruit" The Dallas location will offer immersive experiences featuring "Stranger Things: Escape the Dark" and "Squid Game: Survive the Trials"

World premiere for $NFLX (-0.34%)

Netflix enters into a partnership with French broadcaster TF1 for the first time.

From summer 2026, Netflix subscribers in France will be able to stream all five linear TF1 channels and over 30,000 hours of on-demand content (e.g. The Voice, telenovelas, live sport) directly via the Netflix app

This move marks a turning point - Netflix is integrating traditional TV content to enhance its platform while boosting advertising revenues, as live linear TV is particularly attractive to advertisers.

Similar deals, e.g. with the UK, could follow.

A few initial targets:

Hello my dears...

There have been adjustments to the Sina 40

Out:

$JNJ (+5.6%)
$ALV (+0.94%)
$CS (-0.14%)
$NVDA (+0.13%)
$7974 (+1.87%)
$ULVR (+0.43%)
$NFLX (-0.34%)

NVIDIA only 50%

apart from j+J, there was considerable profit-taking in some cases (I think 25% is comparatively high for a company like Unilever)

In:

$ANET (-0.69%)
$ORCL (+0.83%)
$6857 (-0.62%)
$AVGO (-0.59%)
$TXN (-1.67%)
$COST (-1.67%)

Stocked up:

$AAPL (+0.36%)

$QCOM (-0.83%)

The remaining cash is € 2330, which will remain there for the time being. Currently the Sinas is 40, therefore only one Sinas 39. Let's see where the cash will then go in number 40

PS: the chart has been completely messed up by the adjustments. We were actually at 2.71 % 1 Y

BEFORE: I have completely revised my portfolio review. There are now even more in-depth figures to see and I have greatly reduced the body text. Only my introduction is a little more detailed. The visual overview on Instagram has also been completely revamped. There is also a budget review, which I am not publishing here as a post. However, I have included a few key figures from this one in the portfolio review.

I am very happy about likes here at GQ and on both IG posts, as the complete renewal has cost me a lot of nerves and time. 🙃 If you also want to know how my personal finances have developed, I'd like to refer you to my personal budget review on Instagram.

In future, I will publish my detailed assessments on individual topics that were previously part of the review (such as crypto cycles or my succession strategy for crypto) separately in individual posts on GQ. Perhaps as a kind of supplementary post.

Are you missing important key figures or do you have suggestions for optimization? Constructive suggestions are always welcome.

For me, May was characterized by calm and composure, because I kept the noise of the markets and US trade policy away from me. I can do no more than simply buy more. I like to refer here to the stoic way of thinking, which focuses on prioritizing what you can influence. And that is my personal development. So that meant doing sport (at home with YouTube cardio and strength, abs, core, running), stockpiling Instagram posts so that I have some breathing space in the summer and delving deeper into the topic of AI. And the tax return was also completed. Meanwhile, dividends have been stable with the second strongest month ever, which was April. Time for a deep dive into my figures.

Overall performance

My portfolio performed well in May. Bit by bit, we are fighting our way up from the tariff lows. The key performance indicators are

• TTWROR (month of May): +4.83 %
• TTWROR (since inception): +65.84 %
• IZF (month of May): +74.24 %
• IZF (since inception): +9.94 %
• Delta: +€3,368.39
• Absolute change: +4,486.96 €

Share allocation & performance

Which shares performed particularly well in May? Which are at the top of the chain and which at the bottom? Which were the biggest losers?

Size of individual share positions by volume

Share: Share of total portfolio in % (portfolio)

• $AVGO (-0.59%) : 2,71 % (main share portfolio)
• $NFLX (-0.34%) : 2,12 % (main share portfolio)
• $WMT (-0.92%) : 1,83 % (main share portfolio)
• $SAP (+1%) : 1,69 % (main share portfolio)
• $FAST (+0.21%) : 1,59 % (main share portfolio)

Smallest individual share positions by volume:

Share: Share of total portfolio in % (securities account)

• $SHEL (-0.12%) : 0,44 % (crypto follow-on portfolio)
• $HSBA (+1.13%) : 0,54 % (crypto follow-on portfolio)
• $TGT (-1.42%) : 0,62 % (main share portfolio)
• 
  $DHR (-1.09%) : 0,66 % (main share deposit)
• 
  $NKE (-0.56%) : 0,67 % (main share portfolio)

Top-performing individual shares

Share: Performance since first purchase % (securities account)

• $AVGO (-0.59%) : +245 % (main share portfolio)
• $NFLX (-0.34%) : +190 % (main share portfolio)
• $SAP (+1%) : +108% (main share portfolio)
• $WMT (-0.92%) : +79% % (main share portfolio)
• $RSG (-1.06%) : +60 % (main share portfolio)

Flop performer individual stocks

Share: Performance since first purchase % (securities account)

• $DHR (-1.09%) : -58 % (main share portfolio)
• $TGT (-1.42%) : -40 % (main share portfolio)
• $NKE (-0.56%) : -39 % (main share portfolio)
• $CPB (+0.67%) : -34 % (main share portfolio)
• $UPS (-0.44%) : -30 % (main share portfolio)

ETFs vs. shares

The breakdown of ETFs vs. shares across all portfolios is 38.8% to 61.2%. This differs slightly from the breakdown of my ETFs to equities savings plans (43% to 57%).

Investments and subsequent purchases

Here is a small overview of what I have invested via savings plans according to my fixed planning.

• Planned savings plan amount from the fixed net salary: €1,030
• Planned savings plan amount from the fixed net salary, with reinvested dividends: €1,140
• Savings ratio of the savings plans to the fixed net salary: 49.75

In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:

• Subsequent purchases as a cashback annuity from refunds: € 70.50
• Dividend automatically reinvested by broker: € 2.99

Additional purchases: as one-off savings plans as part of my cashback pension, reinvested discounts from previous grocery and drugstore purchases and a refund from the health insurance bonus program.

• Number of additional purchases: 2
• 30.00 € for $JEGP (+0.3%)
• 
  40.50 € for $GGRP (-0.26%)

If you want to know how my cashback pension tops up the share and ETF pension, please let me know.

Passive income from dividends

My income from dividends amounted to € 163.13 (€ 89.68 in the same month last year). This corresponds to an increase of +42.32 % compared to the same month last year. The following is further key data on the distributions:

• Number of dividend payments: 11
• Number of payment days: 21 days
• Average dividend per payment: € 14.83
• average dividend per payment day: € 7.72

The top payers are:

• $DHL (+0.36%)
• 
  $IMEU (-0.12%)
• 
  $IWDP (+0.06%)

My passive income from dividends (and some interest) mathematically covered 21.08% of my expenses in the month under review.

Crypto performance

My crypto investments also moved a little:

• Monthly performance portfolio: +0.72%
• Performance since inception: +70.90%
• Proportion of holdings for which the tax holding period has expired: 100%. This means that there have been no additional purchases for over a year.
• Crypto share of the total portfolio: 2.23%

I find the topic exciting, but it is very underrepresented in my overall portfolio due to my strategy. Profits have long since been realized, my focus here has long been elsewhere. Accumulation will take place in the coming bear market.

Performance comparison: portfolio vs. benchmarks

A comparison of my portfolio with two important ETFs shows:

• TTWROR (current month): +4.83%
• $VWRL (-0.05%) +6.10%
• $VUSA (-0.12%) : +6.89%

Outlook and conclusion

According to the tax estimate, I can expect a tax refund. When this arrives, part of it will be donated and the rest will of course be reinvested. May was also a no-spend month for me and, as a convinced frugalist, this went off without a hitch. I was able to reflect more closely on my spending behavior and even found further potential despite my basic low spend attitude. Now I'm preparing a Hartz IV/citizen's allowance experiment for at least 3-4 months (or more) for the second half of the year. Simply because I feel like challenging myself. My planned expenses and provisions according to the budget only just exceed my theoretical entitlement to citizen's allowance. More info coming soon on Instagram. After March and April, I was again able to record expenses of less than €1,000 per month in May. This will change in June due to a large annual insurance premium, but maybe I'll be lucky and stay at a maximum of €1,100 to €1,200. As in the previous months, I will continue to use the early summer in June for hiking, swimming and day trips.

👉 You want my review as an Instagram post?

Then follow me on Instagram:

📲 As well as the depot and budget review, there's also: @frugalfreisein

• One-pagers and carousel posts every Monday, Wednesday and Friday on topics such as wealth accumulation, frugalism and minimalism
• more story insights in the future
• Mindset, motivation & money-saving life hacks for your own journey

How was your May at the depot? Do you have any tops & flops to share? Leave your thoughts in the comments!

$NFLX (-0.34%) announced Wednesday that 94 million subscribers are using its ad-supported service, up from 70 million in November, as the video streaming giant's lower-priced offering garners strong support amid global economic uncertainty .

With more than 300 million customers worldwide, Netflix is seeing robust spending across all streaming tiers and had said in April that it sees no significant shifts in consumer spending.

The comments allayed investor fears that economic uncertainty due to the change in US trade policy would cause consumers to cut back on spending on streaming services.

Netflix had said last month that 55 percent of new sign-ups in countries where the service is available are for its ad-supported service.

To attract more users from around the world, Netflix introduced expanded language options for TV viewers earlier this year, offering more dubbing and subtitle options.

In May, President Donald Trump threatened a 100 percent tariff on foreign-made movies (link) to encourage domestic productions, clouding the outlook for media companies like Netflix that film overseas.

Many of Netflix's most popular media are from abroad, such as the South Korean drama "Squid Game" and the Spanish series "Money Heist".

AHEAD: Starting next month, my Instagram monthly recaps will only show the most important facts and figures on the slides of the Instagram post. The detailed text version will appear here on getquin. This makes it easier to absorb the information and makes the Instagram posts clearer.

I will divide the monthly review into a portfolio update and a review for private finances. I could also create a separate review for dividends and reinvestments. My aim is to motivate people to take responsibility for their own finances and to build up their wealth. The whole thing is based on my experience reports from my personal everyday financial life, tailored to the respective target group for each sub-post. Let's see how well I succeed.

Here is the last All-In-One post.

While many have continued to panic about Trump, I think I have understood that the whole tariff issue is only intended to depress the markets so that the USA can refinance itself at much lower interest rates when a good USD 7 trillion of the USD 36 trillion of national debt matures this year. That's why I preferred to keep on hiking, while the portfolio rewarded me with plenty of dividends for the month.

I present the following points for the past month of April 2025:

➡️ SHARES

➡️ ETFS

➡️ DISTRIBUTIONS

➡️ AFTER-PURCHASES

➡️ CASHBACK

➡️ P2P CREDITS

➡️ CRYPTO

➡️ AND OTHER?

➡️ OUTLOOK

➡️ Shares

So the second of April was the aforementioned day of liberation. And it was indeed one, the day of liberation from the excessive overvaluations in US equities. Unfortunately, there was also other collateral damage, but in the end there will be none, as it is all just book losses.

The trap in the US government budget that I would like to briefly point out is the national debt to GDP ratio of 123%, as of March 2025. In Germany, it is around 63%. This is stiflingly high and means that economic output is not enough to keep the national debt in check! Therefore new new "money" has to be printed for refinancing. And this money reaches us through asset price inflation. The illustration is, of course, highly simplified, but that is why we invest.

A look at my portfolio shows me that my individual shares $NFLX (-0.34%) my previous class leader $AVGO (-0.59%) has at least just caught up in terms of performance. Nevertheless, Broadcom remains the largest position in terms of volume. Who knows for how much longer?

Netflix's performance has recovered to +184%, Broadcom's is +182%. I'm watching the spectacle, but I'm letting the savings plans continue. Nothing more will be done here, as Beate Sander once said: the horses stay in the stable. Behind the two draught horses $WMT (-0.92%) 3rd place in terms of volume and $SAP (+1%) in 3rd place in terms of performance with +110%. In the last review, I reported that the waste disposal service provider $RSG (-1.06%) had risen steadily. It is now losing a few places again, but rising $V (+0.31%) and $MA (-0.49%) are rising together and both are already knocking on the door of the top 5 from the outside. The performance of both is similar and decent with +44%/+42%.

As always, the last places in the main stock portfolio are occupied by the same suspects. $NKE (-0.56%) , $TGT (-1.42%) and $HTGC (-0.18%) are the smallest positions. In terms of performance, Nike and Target are the worst performers at -40%.$DHR (-1.09%) as well. But that leaves me cold. In the current macro situation, this is hardly to be expected otherwise. The "neighbor indicator" fits, because most of the shoes on their doorstep (larger family) are Nike shoes. I'm thinking about adjusting my savings plans so that these values receive a higher proportion of my net salary.

➡️ ETFs

The impact of Trump's tariff policy was also clearly felt in the prices of my ETFs in April, leading to significant losses. It is important to remain calm in such volatile times and continue to invest strategically. Such phases are part and parcel of long-term asset accumulation.

➡️ Distributions

In April, I was pleased to receive 19 distributions on 8 payout days. This additional income stream is a valuable addition to my normal earned income, for which I am very grateful. I recommend everyone to build up this kind of additional income in order to become more financially independent from their traditional main job.

Traditionally, April is not a low-distribution month for me. This time, however, the distributions from my three large ETFs were not paid out at the end of March but in April, which distorted the distributions for both months. This effect made April the second-highest distribution month since I started investing. Otherwise, April is always slightly below the distributions of March.

➡️ Additional purchases

From the refunds below, I bought two one-off savings plans on the $GGRP (-0.26%) and $JEGP (+0.3%) executed. I would have liked to buy more, but I still don't want to touch the nest egg or reserves.

➡️ Cashback

In April, I received a cashback on my electricity bill and a travel allowance from my employer. Part of this was used to pre-finance future expenses and to top up sinking funds, while the other part was invested in an old portfolio via the aforementioned one-off savings plans.

➡️ P2P loans

With Mintos, there were no interest or redemption payments. I always withdraw incoming funds with availability. How are you doing with P2P? Are you also withdrawing from the investment?

➡️ Crypto

April was also a very volatile month for crypto investors. The unrest caused by Trump's tariff policy depressed crypto prices, similar to March. However, prices gradually recovered, indicating that the money supply is already increasing again. This is happening through new debt being purchased in the form of government bonds by the FED, which is essentially the equivalent of 'printing' money. Historically, the $BTC (+1.14%) usually follows this development with a delay of just over 10 weeks, as it is strongly correlated to the money supply at 90%.

I am following the whole thing with interest. My preferred theory of cryptocycles still fits in with the current trend. We are moving back towards 100K and I expect a bullish crossover in Bitcoin. The limit orders are still in the market, even if it will be a long time before they trigger. Of course, I hope that the "normal" bear market will then resume. In a few months' time, we will know whether we will have seen another clear double top in the current bull market.

Here are two key figures from my crypto wallets: monthly performance: +5.5%, performance since the beginning: +56%.

➡️ And what else?

I'm continuing to delve deeper into the use of LLMs and am currently working on my prompting technique. The posts on my Instagram channel that I have published since March have been created with the help of AI, I have used AI to give me ideas for image generation, to have them created naturally and many of the quotes are also AI-generated. I use several LLMs and see significant differences in the outputs. This makes it more diverse and even allows me to merge multiple results. The models are also learning my writing style better and better, with longer generated texts you can still clearly read the generic, but I myself understand better and better how I can use the new technology to improve my productivity instead of letting it replace me. This also applies to my job.

As in the previous month, I am also focusing much more intensively on the topic of nutrition. I avoid added sugar as much as possible. So there was no chocolate bunny for me at Easter and I'm not hungry for chocolate or other sweets. That's a real miracle.

I've also increased my weekly exercise routine once again and am paying close attention to how my body is coping. Instead of two weight training sessions at home, I now do three, instead of three running sessions a week I do a lot and every morning I do some general fitness/cardio and core exercises for my stomach to warm up. The clear aim is to continue building muscle and strengthening my heart health. And I enjoy it, even though the temperature in my apartment has already risen towards 25° Celsius on some days.

I've been hiking twice in Saxon Switzerland, once just under and once over 30 km. On hiking days, I like to leave at 4 a.m. on the first Saxonia Express train. In the fall and early spring, this is even the perfect time to enjoy the sunrise on the sandstone cliffs. For me personally, this is pure healing for the soul and a real quality of life. I can enjoy it without depressing thoughts in my head because I know that my finances are in order and running on autopilot.

➡️ Outlook

May will be a no-spend month for me, simply because I feel like taking on the next challenge. Later in the year, I want to start a Hartz IV/citizen's allowance experiment. I should be able to do this most of the time, as my expenses in March and April were both under €1,000. I'm already looking forward to the evaluation at the end of the challenge.

Links:

Social media links can be found in my profile, also feel free to check out the Instagram version of my review.

Tops

Still at the top 🥇Sprouts Farmers$SFM (+0.53%) which are stable 📈 followed by 🥈Netflix $NFLX (-0.34%) which has fought its way up to second place despite all the market turbulence.

Walmart $WMT (-0.92%) who have always been in the top 3 since I started covering the position.

Unlike the country 🇩🇪 where it feels 📉. Things are looking surprisingly good on the stock market for 🇩🇪 shares $DB1 (+0.99%) & $MUV2 (+2%) in the top 10 💪😊

Surprisingly, there is no sign of Magnificent 7 far and wide 😂 although $TSLA (+3.53%) is no longer represented in the "ETF".

Flops

Although Adobe$ADBE (-0.83%) actually has good figures, the position has not really gotten off the ground since I started holding it, worse still, so far it has brought me the most losses, although it does not pay a dividend 😂

Of course the savings plans are still running this month, but not all positions.

The winners are still running, some of the losers have been paused for the time being and only the flops are still running. $QCOM (-0.83%)
$AMAT (-3.18%) continue.

$AAPL (+0.36%)
$MSFT (-0.36%)
$NVDA (+0.13%)
$AMZN (-1.78%)
$GOOGL (+0.57%)
$META (-1.58%)
$TSLA (+3.53%)
$AVGO (-0.59%)
$NFLX (-0.34%)
$AMD (+0.07%)

Absolute valuation levels

Above all Microsoft, Nvidia, Google, AMD and Amazon are quoted below their long-term median multiples.

Valuation multiples compared to expected sales growth

If the expected sales growth by analysts over the next 3 years the following picture emerges...

• Per 1% growth, the following appear to be the most important Nvidia, AMD, Google, Meta and Amazon appear the most favorable.

• Apple performs less well here due to its slow growth, but the company is not generally unattractive as an investment, e.g. due to the high buybacks.

• Tesla appears expensive at first glance - however, the forward P/S is currently not excessively high due to the distorted earnings.

• Netflix had a good run and appears somewhat expensive compared to growth, at least on the basis of multiples. The situation is similar for Broadcom.

• Microsoft swims in the midfield.

What do you think of the valuation levels of Mag-7 & Co.