Posts
113I closed two historical positions:
With the freed capital I opened new positions on Target ($TGT (-0.04%) ) and Merck ($MRK (-0.08%) ), to continue diversifying and target sectors that I see as solid in the medium to long term.
📈 Always with the idea of growing the portfolio in a balanced and sustainable way.
August gave us another real midsummer and showed its best side on some days. For me, it was the perfect opportunity to pursue one of my hobbies: Swimming, swimming and swimming again. I enjoyed every minute in the now cooler water. There was no hiking this month, but the swimming made up for it completely. I'm slowly looking forward to cooler temperatures again, because the cold adaptation for ice swimming is already calling! But before we head into fall, it's time for a look back.
Overall performance
After the brief consolidation caused by the new Trump tariffs, my portfolio recovered quickly and showed a stable, slightly positive performance in August. The prospect of interest rate cuts by the Fed provided a small boost, but there were no major movements. Typical summer slump. But, as expected, what had to come arrived on time: the distributions. My key performance indicators for my overall portfolio at a glance:
Performance & volume
My class leader continues to expand its dominance. If this continues, it will soon become a decisive factor in overall performance. The $BOA rises into the top 5 by volume, $SAP (+0.69%) falls back. Rising in terms of performance$MAIN (-0.2%) and there, too, the$SAP (+0.69%) falls back. I also notice something about the winners of the red lantern in terms of performance:$NOVO B (-1.88%) has reached the bottom basement, once one of my very strongest stocks. So the tide is turning. Opportunity to buy more? Instead$CPB (+0.05%) has risen from the cellar. But this share still has a long way to go.
Size of individual share positions by volume in the overall portfolio:
Share (%) of total portfolio and associated portfolio:
Smallest individual share positions by volume in the overall portfolio:
Share proportion (%) of the total portfolio and associated securities account:
Top-performing individual stocks
Shares with performance since initial purchase (%) and the respective portfolio:
Flop performer individual stocks
Shares with performance since initial purchase (%) and the respective portfolio:
Asset allocation
My asset allocation is as follows:
Investments and subsequent purchases
Here is a small overview of what I have invested via savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases were made:
If you want to know how my cashback pension tops up my share and ETF pension, please write it in the comments.
Passive income from dividends
My income from dividends amounted to €128.42 (€92.61 in the same month last year). This corresponds to an increase of +38,67 % compared to the same month last year. The following is further key data on the distributions:
The top three payers are:
My passive income from dividends (and some interest) mathematically covered 14.94% of my expenses in the month under review.
Crypto performance
My crypto portfolio was characterized by the partial sale of a $ETH (+0.62%) tranche as part of my "crypto succession strategy". Around € 298 in Etherium was taken off the table.
Here are some key figures:
The sale of the tranche explains the decline in the crypto share from 2.6% to 2.2%
As a "follower" of the crypto cycle, I am increasingly accepting the idea that the cycle is still in tact, but is expanding. The reason for this should be the ETF purchases and the activities of the crypto treasury companies. Retail still seems to be asleep. The playing field is very exciting, if only from a macroeconomic perspective. I can only advise looking into the cycle and issues such as money creation and the correlation between the M2 money supply and $BTC. Although I am not a fan of cryptocurrencies, I think they are a sensible component of a balanced portfolio.
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows
Outlook and a private bonus
My Carousel posts of the portfolio review and budget review always start on the hook slide with a background image from my month. These are usually places I've visited or moments that have moved me. This time it's the same, although a CT scan would almost be more appropriate.
A chest CT confirmed what I had been wondering about for some time: my ascending aorta is dilated. This is a consequence of my congenital heart valve defect. Fortunately, it was discovered early before it could develop into an aneurysm, dissection or even rupture. A classic chance discovery, a stroke of luck. I was able to keep the heart valve "in check" for a long time, and fortunately there are currently no worse findings for it. But the diagnosis of the ascending aorta now brings certainty: an operation will certainly be necessary at some point.
Why am I sharing this here? Because it has taught me humility once again. The diagnosis isn't nice, but it's not a surprise either. Perhaps my v. A. more active lifestyle since corona has contributed to the fact that it is stable today and still allows me to do a lot: sporting activity, which I have fought my way back over the years. The restrictions that already apply to avoid pressure peaks on the aorta are minimal. My quality of life is still very high.
My conclusion: Keep fit, go for check-ups and take your body seriously. Invest in your health and fitness. Our deposits are only worth as much as our health allows us to enjoy them.
So I will be able to visit the cardiologist and radiologist even more regularly in future, an honor! (irony off). Everything will be fine!
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 In addition to the portfolio and extra budget review, you'll also find regular posts there: @frugalfreisein
Please pay close attention to the spelling, unfortunately there are too many fake and phishing accounts on social media. I have already been "copied" several times.
👉 How was your August at the depot? Do you have any tops and flops to report?
Leave your thoughts in the comments!
🔹 Revenue: $25.21B (Est. $24.90B) 🟢; -0.9% YoY
🔹 EPS: $2.05 (Est. $2.04) 🟢; -20% YoY
🔹 Comp Sales: -1.9% YoY
🔹 Michael Fiddelke (current COO) named CEO effective Feb 1, 2026
FY25 Guide
🔹 Adj EPS: ~$7.00–$9.00 (Est. $7.34) 😕
🔹 Sales: Low-single-digit decline (Est. -1.71%)
Segment:
🔹 Apparel & Accessories: $4.09B; DOWN -4% YoY
🔹 Beauty: $3.40B; FLAT YoY
🔹 Food & Beverage: $5.59B; UP +1% YoY
🔹 Hardlines: $3.52B; UP +6% YoY
🔹 Home Furnishings & Décor: $3.66B; DOWN -6% YoY
🔹 Household Essentials: $4.42B; DOWN -3% YoY
🔹 Non-Merchandise Sales: UP +14% YoY (Roundel, Membership, Marketplace)
Other Metrics
🔹 Stores comps: -3.2% YoY
🔹 Digital comps: +4.3% YoY
🔹 Operating Income: $1.3B; DOWN -19% YoY
🔹 Net Income: $935M; DOWN -21% YoY
🔹 Gross Margin: 29.0% (vs. 30.0% LY)
🔹 Operating Margin: 5.2% (vs. 6.4% LY)
🔹 Dividend Paid: $509M (+1.8% per share YoY)
🔹 Share Buybacks: None; $8.4B capacity remaining
🔹 After-Tax ROIC: 14.3% (vs. 16.6% LY)
CEO Transition
🔹 Michael Fiddelke (current COO) named CEO effective Feb 1, 2026
🔹 Brian Cornell to transition to Executive Chair
Commentary
🔸 CEO Brian Cornell: “Q2 showed encouraging signs of recovery, including improved traffic and sales trends — particularly in stores — and disciplined cost management in a challenging retail environment.”
🔸 Lead Independent Director Christine Leahy: “It is clear that Michael is the right leader to return Target to growth, refocus and accelerate the company’s strategy.”
Midsummer should be in full swing in July, but summer prefers to take a breather. While the temperatures outside were rather cool for most of July, which fortunately didn't keep me from swimming and hiking, it was hot in the depot. Time for a look back.
Overall performance
In July, the portfolio made a significant leap upwards, possibly due to further crypto adoption, good labor market data, robust quarterly reports and a further decline in inflation in a positive environment. The big icing on the cake is of course the continued incoming cash flow from dividends and distributions. My key performance indicators are:
Performance & volume
Size of individual share positions by volume in the overall portfolio:
Smallest individual share positions by volume in the overall portfolio:
Top-performing individual stocks
Flop performer individual shares
Asset allocation
My asset allocation is as follows:
Investments and subsequent purchases
Here is a small overview of what I have invested via savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases were made:
If you want to know how my cashback pension tops up my share and ETF pension, please let me know.
Passive income from dividends
My income from dividends amounted to € 222.47 (€ 93.27 in the same month last year). This corresponds to an increase of +138,52 % compared to the same month last year. The following are further key figures on the distributions:
The top payers are:
My passive income from dividends (and some interest) mathematically covered 27.12% of my expenses in the month under review.
Crypto performance
My crypto investments have also moved:
Crypto remains exciting for me. Due to many external influences (ETF inflows, treasury companies, Genius and Clarity Act, ...), the question arises as to whether the cycle theory is beginning to falter. Or not? Will it be different this time?
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows:
Outlook and conclusion
Crypto remains exciting for me. Due to many external influences (ETF inflows, treasury companies, Genius and Clarity Act, ...), the question arises as to whether the cycle theory is beginning to falter. Or not? Will it be different this time?
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 In addition to the portfolio and budget review, you'll also find regular posts there: @frugalfreisein
👉 How was your July at the depot? Do you have any tops & flops to report?
Leave your thoughts in the comments!
In my opinion, Target will only continue to go downhill, hence the shift to Trade Desk.
Tranche 1 of 3.
35x at 45,60€ $TTD (-0.27%)
The start of summer in June combined sport and leisure for me. By that I mean swimming, hiking, running and sport at home. Apart from the incoming dividends, I hardly noticed anything on the stock market. It was not the strongest distribution month due to the postponement of three distributions, but it was still a very strong one. Time for a review.
Overall performance
The portfolio tended to tread water in June, but that is no cause for concern. Bit by bit, it is fighting its way out of the lows of the customs conflict. And cash flow continues to be generated by distributions to the clearing accounts. The key performance indicators are:
Share allocation & performance
Which shares performed particularly well in June? Which are at the top and which at the bottom of the rankings? Which were the biggest losers?
Size of individual share positions by volume
Smallest individual share positions by volume:
Top-performing individual shares
Flop performer individual shares
ETFs vs. shares
The breakdown of ETFs vs. shares across all portfolios is 38.7% to 61.3%. This differs from the breakdown of my ETFs to equities savings plans (43% to 57%). Equities have performed better, which is due to the fact that I also include high-dividend ETFs in the ETFs.
Investments and additional purchases
Here is a brief overview of what I have invested in savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases were made from other surpluses:
There were no additional purchases from the components of my cashback pension (e.g. reimbursements from health insurance premiums, insurance premiums, shopping vouchers, etc.) this month.
If you would like to know how my cashback pension supplements my equity and ETF pension, please let me know.
Passive income from dividends
My income from dividends amounted to € 152.30 (€ 179.04 in the same month last year). This corresponds to an increase of -14.94 % compared to the same month last year. The following is further key data on the distributions:
The top payers are:
My passive income from dividends (and some interest) mathematically covered 15.91% of my expenses in the month under review.
Crypto performance
My crypto investments also moved a little:
I find the topic exciting, but it is very underrepresented in my overall portfolio due to my passive income strategy. The first profits have already been realized and more will definitely follow. For me, crypto is a lever to turn play money into even more play money, which is then put into the solid distributors to make the income snowball grow bigger and bigger. New accumulation will take place in the coming bear market.
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows:
Outlook and conclusion
I'm using the summer, which has already begun, not only for hiking, but also for city trips for my "non-financial" TikTok and Insta channel. I can often be found at one of the lakes near Leipzig, which were once created from the open-cast mining pits of the brown coal era. It's nice that the lunar landscapes have become a local recreation area. That's why I'm less active at the moment. That will certainly change again in the fall.
For now, I'm just enjoying life, and my money continues to work stubbornly and steadily for me in the background. Current events in the world and in politics don't interest me in the slightest. As I write this review, the first third of the summer will soon be over.
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 You'll find regular posts there as well as the portfolio and budget review: @frugalfreisein
How did your June at the depot go? Do you have any tops & flops to share? Leave your thoughts in the comments!
Hi Getquin Community,
Here is my portfolio as a student. I started in September 2022, but only really started in 2023 and 2024. Happy to rate on a friendly level.
About my savings plans:
Further Deka savings plans have been capped, as I no longer wish to save in my Deka investments in the long term (possibly complete sale).
I would like to reduce my portfolio in the future. In other words, I want to divest myself of assets at the lower end. In return, I want to keep the ETFs and individual other stocks (e.g. $MUV2 (+0.08%) , $AMZN (+0.12%) , $AAPL (+0%) ) should continue to grow.
I am also toying with the idea of investing in an emerging markets ETF. My choice would have been the classic $EIMI (-0.75%) would have been the classic choice.
I have already invested in a crypto-boker (Bitavo - please give me your opinion) and will buy at the next opportunity (under USD 100,000). $BTC (-0.02%) buy.
Should be removed from the portfolio:
My main trading brokers are TradeRepublic, Scalable and Deka.
I would be very happy about constructive criticism, suggestions and of course praise ;)
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