In the middle of March I sold my $NVDA (-1.77%) shares at € 109 and bought this Liebherr refrigerator.

Unfortunately, I missed the opportunity to buy at 97 euros. But now I have the opportunity to buy at 100 or maybe 99. What should I do?

Or better without Nvidia in my portfolio?

You can almost buy 2 scoops of ice cream for it 😂

Today I added another 1000 shares at $HAFNI (+1.82%) and the rest in a few MSCI World. If Trump continues like this (and my cash flow doesn't collapse), I'll have doubled some of my positions by the end of the year - in terms of the number of shares, not in terms of value.

At $NVDA (-1.77%) there are 4700 shares on the list. This number (47 is a prime number, as you know) has been bothering my eye for a long time ... :-) Maybe I'll put another 300 shares in there after all - for the sake of appearance. Maybe there will be a good opportunity in the next few weeks (or tonight?).

2025 - A year to forget if you look at the first quarter. While things were still looking positive until around mid-February, things have been going steadily downhill since the middle or end of February.

March 2025 was the worst single month in my portfolio since 2013, with price losses of almost 10%. The negative market trend in the US and a weak US dollar naturally hurt my portfolio particularly badly.

Monthly view:

In total, March was -9,9%. This corresponds to price losses of almost 30.000€.

The MSCI World (benchmark) was -7.9% and the S&P500 -5.8% (in dollars, for euro investors it was also more like -10%).

Winners & losers:

A look at the winners and losers shows a clear picture in March:

Winners? You will look for them almost in vain this month.

In 1st and 2nd place are Deutsche Bank
$DBK (-1.31%) and Allianz $ALV (-0.56%) two German financial stocks with gains of around € +180 each. Northrop Grumman $NOC (-0.32%) at +120€ is only one of 2 American stocks with a positive price performance in March.

A completely different picture on the losers' side:

1st place goes to NVIDIA $NVDA (-1.77%) with price losses of over €4,200. It is followed by Meta $META (-1.63%) and Palo Alto Networks
$PANW (-0.81%) with price losses of ~€2,000 each. 4th place goes to Alphabet
$GOOG (-1.17%) with €1,600 in share price losses. The flop 5 is then completed by a non-tech stock, namely Starbucks
$SBUX (-0.59%) with losses of ~€1,400.

The performance-neutral movements were €500 in March - these are still lower at the moment due to the house construction issue.

current year:

In the YTD my portfolio is now also clearly in the red with -8,4%. The MSCI World is still doing better at -5.4%.

In total, my portfolio currently stands at ~260.000€. This corresponds to an absolute decline of ~€25,000 in the current year 2025. -28.000€ of this comes from exchange rate losses, slightly offset by ~900€ from dividends / interest and ~2.000€ from additional investments.

Dividend:

• Dividends in March were +8% above the previous year at ~390€
• At the top of the list Amgen
  $AMGN (-0.05%) with meanwhile over 55€ (gross) dividend every 3 months
• In the current year, the dividends after 3 months are +15% over the first 3 months of 2025 at ~730€
• The US dollar will also have an impact on dividends this year. Example: 2,500$ at an exchange rate of 1:1 equals 2,500€. At an exchange rate of 1.08$, these 2,500$ would only be worth 2,315€, a decrease of ~185€

Buying & selling:

• I bought in March for 750€
• 460€ shares
• 190€ ETFs
• 100€ crypto
• Sales Was there no

Change of strategy?

At the moment, Donald Trump and his policies are causing a lot of scrutiny, especially with regard to the (high) US share in the portfolio.

I can understand these thoughts very well. However, I have decided not to change my strategy and to maintain my high US & tech allocation in my portfolio.

There are certainly better short-term investment opportunities (European defense stocks as an example). Through my savings plans, however, I have deliberately opted for a long-term buying strategy that I will not throw overboard every few months. In the long term, for example, 2022 was an extremely good year to buy tech stocks.

As I don't have a portfolio target for this year anyway, I'm happy to go even lower - hopefully I'll be happy about the entry prices in 2-3 years' time.

YouTube:

Unfortunately, I only uploaded 2 videos to YouTube in March. Unfortunately, work in March was extremely stressful and time-consuming, so there was little time left for this.

I have also uploaded my March portfolio update as a video there if anyone would like to see some more information on the portfolio performance: https://youtu.be/fxbvatj6uvM?si=xP_gvoEmtuqSsfz8

I'm particularly happy to receive criticism or feedback here! 😊

Goal 2025

As already mentioned in the January & February review, a fixed deposit target for this year makes little sense due to the house construction. A fixed savings rate is also difficult to implement due to the issue (unforeseen costs and the like).

A dividend target is also very difficult due to the high volatility of the US dollar.

That's why I'm focusing on other topics this year, especially building a house and possibly one or two YouTube successes.

How are things looking for you? Are you sticking to your portfolio target for 2025 or do you also see difficulties in achieving it after the first quarter?

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

$NVDA (-1.77%) Our first purchase

Who else has bought at these levels?

Today I bought 2 call options on Nvidia ($NVDA (-1.77%)) with a strike price of USD 102 and a term until June 2026.

What is a call option?

A call option gives you the right (but not the obligation) to buy a share at a fixed price (the so-called strike price) until a certain date. In my case, this means that I have the right to buy Nvidia shares for USD 102 each until June 2026, regardless of how high the share price rises (or falls 🫣) by then.

Why a long term?

Long-term options, also known as LEAPS (Long-Term Equity Anticipation Securities), provide more time for the share price to move in the desired direction. This reduces the risk of short-term market fluctuations rendering the option worthless. However, LEAPS are more expensive than short-term options, as they have or price in a higher time value due to their longer term.

The current share price of Nvidia is around USD 107.69. Since my strike price is USD 102, my option currently has an intrinsic value of USD 5.69 per share (USD 107.69 current share price minus USD 102 strike price). In addition to the intrinsic value, the option price includes a time value that depends on factors such as the remaining term and the expected volatility. This time value means that the market price of the option is higher than the intrinsic value alone.

What did I pay in total?

2 contracts of 100 units each, price USD 29 per unit = USD 5,800 plus fees.

With these call options, I am betting that the Nvidia share price will rise "significantly" by June 2026. The long term gives the investment enough time to benefit from positive developments. The trade is profitable from a price of $NVDA (-1.77%) of over USD 131 (strike + price = 102 + 29 = 131) - so the thing still has to rise by around 22%. This seems plausible to me at this time.

Personal best case: rise to ~160.- Then I would sell one of the options ("take out the stake") and let the other continue to run and probably take over the shares in June 26'.

take over the shares in June 26'.

Do you still need the post on options? Then I'll take care of it. Call/put long/short and some "usual" combinations.

LG

GG

#optionen
#nvda
#calloption

Folks, be careful; don't try to apply the DCA average cost effect. There were no major events yesterday that caused the markets to close positive. Be careful again. It looks very much like a bull trap. The cause of the uncertainty in the markets still exists, so there is no reason why these markets should rally soon, and what goes up fast corrects fast. If you think the opposite, good luck.

$SPY (-1.08%)
$CSNDX (-1.25%)
$BTC (-0.6%)
$NVDA (-1.77%)
$AAPL (-0.89%)

Inspired by @MozartTrading you can now read my assessment of the 7 most important stocks in the US economy.

$AAPL (-0.89%)

Let's start with what is probably the most boring of the 7 stocks. Apple hasn't done much wrong for years, but it hasn't done much right either. Overall, the operating business is moving sideways and the valuation is not cheap. Overall, however, you don't get a quality company too cheap here. There are certainly worse stocks, but there are also plenty of better ones.

HOLD.

$META (-1.63%)

META is also relatively boring, but at least significantly cheaper. Overall, I see more sense in buying here, but META is also relatively lacking in innovation and not very well diversified. META still refuses to break down how much revenue is made with which app, but as I see it, they probably make the absolute majority of their total revenue through Instagram and advertising. META has certainly been trying to broaden its base for decades, but even several years after my last analysis, they have not been really successful. At least they have a good M&A team because they have had more success on average with the companies they have acquired than with those that come entirely from their own company. HOLD

$TSLA (-2.64%)

Can actually be summarized in a few words, because this is by far the most volatile share of the big 7. A share that has a lot of potential, if you want to believe the CEO's promises. But only then. Fundamentally, Tesla is not really understandable at all, you either have to have confidence in Elon or leave it alone. HOLD (or SELL)

$GOOGL (-1.15%) / $GOOG (-1.17%)

Is probably the slightly more exciting alternative to META, cheaper and simply more broadly positioned. Alphabet also makes a lot of money through advertising, but they also have several other irons in the fire. They have Cloud. They have Android. They have YouTube. They're also trying to do something in the direction of quantum computing and Waymo. Somehow Alphabet is at least involved somewhere in all the important topics. That's pretty good. In comparison, however, it's noticeable that Alphabet has also been responsible for a lot of pipe failures over the last few years. Of course, Alphabet is by far the best value compared to the other stocks. But there is usually a reason why shares are cheap. And again, no one wants to give you Alphabet, but Alphabet also has to fear by far the most pressure from regulatory authorities, even ahead of Apple and Tesla. Overall, however, it has to be said that Alphabet is better diversified than META and cheaper than Apple, which is why this is the first BUY rating.

$NVDA (-1.77%)

The shooting star par excellence. Nvidia is strongly positioned in the most important trend of our time and has very high market power due to its unique technology, which the competition is currently unable to keep up with. The only reason for this is that the business model is not particularly well diversified. At the moment, everything depends on the data centers and here I will let you in on an industry secret: they will not continue to grow at 30-40% p.a. forever. However, this knowledge is already reflected in the share price and has already been priced in to some extent. Compared to Alphabet, Nvidia is less diversified, but has fewer regulatory worries and better management. Therefore, there is also a very clear BUY.

$MSFT (-0.98%)

Time for the first S-tier company in the mag7. Microsoft actually has the perfect business model and is represented in countless future trends. You have the cloud, you have gaming, you also have something like social media with LinkedIn, you sell your own hardware, you also have a search engine and earn money through advertising, but of course mainly through the subscription model. Microsoft is not the market leader in every area, but it is fundamentally successful in every area. And that's what makes Microsoft so special. There are markets in which Microsoft is absolutely dominant and those in which it is only number #2 or #3 it is at least enough to avoid being completely flattened and having to retreat. For example, they are not the biggest cloud, but at least they are the most profitable. By and large, this is what sets Microsoft apart from Google. Microsoft only really knows the word failure from the times of Steve Ballmer, who maneuvered the company onto very sharp cliffs a few times. The biggest fails in Microsoft's history, such as Windows Mobile, also date back to these times. I would love to try out an MS Surface to see how well Windows performs on mobile devices today, but in the past it was a real disaster.

But before I digress too much, I'll tell you that MSFT is definitely a STRONG BUY from me.

$AMZN (-1.79%)

Drum roll here comes my favorite stock. Amazon started as a bookstore, is known to most as an online store but is actually so much more. As if it wasn't impressive enough that Amazon gets so much out of such an unattractive business model as e-commerce, they are also active in many other areas and are amazingly successful overall. When it comes to shopping, they often manage to be one of the cheapest providers and still earn a lot of money. They are also a postal service provider. And an airline. And a streaming service. And not forgetting the world's largest cloud provider. What makes Amazon so special is that they often build up business areas for their own needs and then sell them to other customers at the same time. This horizontal integration and the resulting synergy effects are amazing and offer further compounding potential, especially in the future. Together with Rivian, they build their own vehicles for their own delivery service and are then themselves their biggest customer. I don't think there's even enough space to tell you about all the business areas in which they are now active. For example, they are now also active in the advertising business. Amazon is a company that really excites me because they keep finding niches where the other big tech companies aren't really active and because they consistently push ahead with developing products that not only their customers but also they themselves can use. At the moment, earnings are still a size smaller than Apple, Microsoft and Alphabet, but they still have the potential to make the leap to the very top. Therefore, in addition to MSFT, a STRONG BUY.