Taiwan Semiconductor Manufacturing ADR

Depot review November 2024 - The depot is growing despite larger withdrawals 🚀

Before I continue with the second part of my investment story, I would first like to share my portfolio review for November.

The second half of November was almost quiet compared to what happened at the beginning of November. Trump was elected, triggering a veritable run on the stock markets. Germany was finally freed from the traffic lights and there were also some exciting topics in the private sphere. I sold a few shares back in October to generate the equity I needed to start building a house. This continued a little further in November.

Overall, my savings rate will also (have to) be lower over the next few months. Less into the portfolio and more into the "buffer account" for building the house. Nevertheless, around €500 per month will continue to be invested and this will be pushed up again as quickly as possible.

After selling 6 shares and an ETF in October, I sold parts of my MSCI World ETF for around €13,000.

But now it's finally time to look at the hard figures:

Monthly view:

In total, November was +6,3%. This corresponds to price gains of ~20.000€.

The MSCI World (benchmark) was +7.3% and the S&P500 +5.1%

Winners & losers:

A look at the winners and losers is particularly exciting this month:

On the winning side with a total of almost €5,000 in price gains, my crypto investments in Bitcoin and Ethereum. This is followed by the long runner NVIDIA with price gains of just under €2,000. 4th and 5th place then goes to the cybersecurity sector with Palo Alto Networks and Crowdstrike.

On the loser side looks very quiet this month. Amgen is still the worst performer with losses of ~€600 due to a weight loss drug that failed to fully meet Wall Street's hopes. This is followed by Sartorius with share price losses of €200. Places 3-5 are then occupied by share price losses of less than €100. All in all, a month with almost no losers.

The performance-neutral movements in October amounted to just under € -6,000. Parts have already been removed here for private topics.

current year:

My performance in the current year is +29,9% and thus above my benchmark, the MSCI World with 26.9%.

In total, my portfolio currently stands at ~345.000€. This corresponds to an absolute growth of ~€93,000 in the current year 2023. ~72.000€ of this comes from price gains, ~3.300€ from dividends / interest and ~16.000€ from additional investments.

Dividend:

• Dividends in November were 21% above the previous year at ~€160
• Procter & Gamble is in the lead with a (gross) dividend of €50 every 3 months.
• In the current year, the dividends after 11 months are +25% over the first 11 months of 2023 at ~2.500€

Buying & selling:

• I bought in November for significantly reduced ~700€
• As always, my savings plans were executed:
• Blue ChipsProcter & Gamble $PG (-1.38%) TSMC $TSM (+0.22%) S&P Global $SPGI (-0.59%) Alphabet $GOOGL (-0.15%) Johnson & Johnson $JNJ (-1.05%) Amgen $AMGN (+0.41%) Herhey $HSY (+2.24%) Alimentation Couche-Tard $ATD (-0.25%) Caterpillar $CAT (-1.04%)
• 
  GrowthBechtle $BC8 (+1.16%)
• 
  ETFsMSCI World $XDWD (-0.18%) Nikkei 225 $XDJP (+1.05%) and the WisdomTree Global Quality Dividend Growth $GGRP (-0.03%)
• 
  CryptoBitcoin $BTC (-0.31%) and Ethereum $ETH (-1.65%)
• 
  Sales as mentioned at the beginning, there was a larger part of my MSCI World holdings in November

Target 2024 & outlook 2025:

My goal for this year is to reach €300,000 in my portfolio. Due to the extremely positive market performance in the current year, my portfolio already stands at ~€345,000 at the end of November.

As is well known, one should not praise the day before the evening, but I am optimistic that my portfolio will not fall so far in December that I will not reach my target.

What will happen in 2025? The logical goal would of course be to reach €400,000. However, due to the upcoming house construction, part of the assets will be invested in the house construction. If I include the property in my statement of assets, the target of €400,000 would of course not change. However, as I am tracking my liquid assets here, I will probably refrain from doing so.

Therefore, my year-end target for 2025 will probably be closer to the final balance for 2024. So around €350,000 at the end of 2025.

How are things looking for you? Have you already thought about your plans for 2025?

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

Will you take profits with $TSM (+0.22%) (am up 68%) take profits or sell and do you see a risk of china invading taiwan?

makes up about 3% of my portfolio

so not particularly high

The 🇺🇸 USA has finalized its agreement under the Chips Act with Taiwan Semiconductor
$TSM (+0.22%) has been finalized.

According to the White House the agreement with TSMC private investment of 65
billion dollars to build three manufacturing facilities in Arizona 🇺🇸 and create tens of thousands of jobs by the end of the decade.

11.11.2024

USA apparently stops delivery of AI microchips from Taiwan to China + Bitcoin reaches new all-time high of $80,076 + Hannover Re expects even more profit despite hurricane series

Apparently, the US Department of Commerce has sent a letter with export restrictions to the chip manufacturer. This is not the first time that TSMC $TSM (+0.22%) has had to suspend deliveries. 10.11.2024 - 09:14 New York/Singapore. The USA has banned a Taiwanese manufacturer from exporting microchips for artificial intelligence applications to China. Taiwan Semiconductor Manufacturing (TSMC) will not be allowed to supply advanced chips to Chinese customers from Monday, a person familiar with the matter told Reuters. These chips are often used for AI programs. According to the insider, the US Department of Commerce has sent a letter to TSMC imposing export restrictions on chips with structures in the seven nanometer range, among other things. The US order comes a few weeks after TSMC informed the US Department that one of its chips was used in an AI processor from the Chinese company Huawei was found. However, Huawei is one of the companies that the US has imposed trade restrictions on. All sales of advanced technology goods to Huawei must therefore be licensed by the USA. TSMC has already suspended deliveries to the China-based chip designer Sophgo after the AI-enabled chip was discovered in the Huawei product. Informed circles had already told Reuters last month.

https://www.handelsblatt.com/technik/it-internet/tsmc-usa-stoppen-offenbar-lieferung-von-ki-mikrochips-aus-taiwan-an-china/100087326.html

The Bitcoin $BTC (-0.31%) reached a new all-time high of $80.076 on Sunday night, German time, which means we are not that far away from the $100,000 that many investors are expecting. What do you think? Will we still reach it in 2024?

The world's third-largest reinsurer Hannover Re $HNR1 (-0.36%) is expecting higher profits this year despite the recent hurricane losses. Instead of at least 2.1 billion, the surplus should now amount to around 2.3 billion, the Dax-listed company announced in Hannover on Monday. For the coming year, outgoing CEO Jean-Jacques Henchoz and his successor Clemens Jungsthöfel have set themselves a target of around 2.4 billion euros. In the third quarter, the reinsurer earned significantly more than analysts had expected. The bottom line for the months of July to September was a profit of 663 million euros, 30 percent more than a year earlier, although flooding in Central and Central Europe cost the Group 225 million euros and hurricane "Helene" in the USA had a negative impact of 130 million euros. The consequences of hurricane "Milton" at the beginning of October are not likely to be reflected in Hannover Re's figures until the fourth quarter.

Monday: Stock market dates, economic data, quarterly figures

Stock market holiday US bond market (US stock market is open)

ex-dividend of individual stocks

ArcelorMittal EUR 0.25

Quarterly figures / company dates Europe

07:15 Stabilus | Hypoport Quarterly figures

07:30 Continental | Hannover Re | Salzgitter | Qbeyond Quarterly figures

08:00 Hawesko quarterly figures | Hannover Re PK | Direct Line Insurance Q3 sales

10:30 Stabilus Analyst Conference

12:30 Continental Analyst Conference

14:00 Hypoport Analyst Conference

No time specified:

- Federal Network Agency: Decision on letter postage Deutsche Post (later morning)

- Elmos Semiconductor Capital Markets Day

Economic data

• 00:50 JP: BoJ Current Account 9/24 | Trade Balance 9/24
• 08:30 DE: Real Estate Financiers Association VDP presents figures on real estate prices in the 3rd quarter
• 10:45 DE: Süddeutsche Zeitung, SZ economic summit, Berlin
• 11:30 DE: Government press conference, Berlin

Taiwan Semiconductor
$TSM (+0.22%) has published its sales overview for October, which shows a sales of 9,77 billion US dollars - an increase of 24,8 % compared to the previous month and 29,2 % compared to the same month last year.

Wendell Huang, the CFO of Taiwan Semiconductor
$TSM (+0.22%)told investors that TSMC will probably have higher electricity costs in Taiwan 🇹🇼 than in other countries worldwide - FT.

According to Nikkei Taiwan Semiconductor
$TSM (+0.22%) will take the first delivery of the world's most advanced chip machines from ASML
$ASML (+1.09%) by the end of the year.

OpenAI works with Broadcom
$AVGO (-0.26%) and Taiwan Semiconductor
$TSM (+0.22%) to develop its first proprietary chip designed specifically to support its AI systems, according to Reuters.

Taiwan Semiconductor
$TSM (+0.22%) achieves in its first factory in Arizona 🇺🇸 achieves higher production yields than comparable plants in Taiwan 🇹🇼 - an important success for the US project, which was initially plagued by delays.

According to Rick Cassidy, President of the US division of TSMCthe proportion of usable chips is around four percentage points above the Taiwanese level.

Yield is critical to profitability in the semiconductor industry. -Bloomberg

Photo: Irene Challun