Hello everyone,

I have looked at the stocks in my portfolio with my new but still incomplete knowledge of fundamental analysis and am of the opinion that some stocks are heavily overvalued.

Perhaps they will fall back to their fundamental value soon or at some point?

Yes, actually this is bound to happen in the long term.

So I'm wondering whether I should sell now and invest the capital in fundamentally favorable stocks or in my ETFs?

I also find it interesting that some stocks were already overvalued when I bought them and some only became overvalued later.

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In my opinion, some of the stocks in my portfolio are overvalued:

(not exhaustive)

Palantir $PLTR (-2.21%)

Ferrari $RACE (+0.33%)

Rheinmetall $RHM (-2.99%)

Agree Realty $ADC (-0.51%)

visas $V (-0.3%)

Hermes $RMS (+0.23%)

Microsoft $MSFT (-0.37%)

Nu 😅 $NU (-0.63%)

Asml $ASML (-0.35%)

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On the other hand, I think they are favorably valued at the moment:

(some are not really cheap, but maybe worth buying)

Amazon $AMZN (-1.19%)

Abc $GOOGL (-0.49%)

Sofi $SOFI (-1.74%)

Lockheed Martin $LMT (+0.5%)

Berkshire $BRK.B (-0.18%)

Caterpillar $CAT (-0.65%)

Occidental Petroleum $OXY (-0.65%)

Rio Tinto $RIO (-0.6%)

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I think I probably wouldn't regret it if I just sold everything and put it in the $HMWO (-0.62%) and put it in the But I enjoy individual shares and the risk is limited. Still, I would like to know how you read valuations and translate them into action decisions and what you think about my specific situation and would possibly act.

The analysts at Morgan Stanley have put together an overview of stocks for life to soothe the battered soul of investors.

Under the title "Quality Stocks for a Long-Term Holding Period", they have compiled a list of 30 high-quality stocks. Welt" has filtered out 15 of them that are growing the fastest.

These are companies with sustainable growth and long-term potential.

The top 5 by market capitalization are:

$MSFT (-0.37%) - Microsoft

$META (-0.77%) - Meta Platforms

$LLY (-0.21%) - Elli Lilly

$V (-0.3%) - visas

$MA (-0.23%) - Mastercard

Source (excerpt) / graphic: WELT

In uncertain times, it is important to keep a watchlist so that you can pick up stable shares at bargain prices. I hope we go down a few more levels, another -20% would be nice, even if the short to medium-term price losses hurt.

I currently have almost 30 stocks on my watchlist, some of which are attractive in terms of price, while others are still far too high for me. I have not listed stocks that are already in my portfolio and that I would like to buy (in order of dividend amount):

Hercules Capital $HTGC (-0.74%) or Main Street Capital $MAIN (-0.07%)
Chevron $CVX (-0.29%)

Vinci SA $DG (+0.19%)
United Parcel Service $UPS (-0.03%)
3i Infrastructure $3IN (+1.09%)
Iron Mountain $IRM (-0.42%)
Micro Star International $MSS
Nextera Energy $NEE (+0.02%)
Partners Group $PGHN (-2.21%)
Itochu Shoji $8001 (-2.97%)
Canadian National Railway $CNR (-0.67%)
Svenska Cellulosa $SCA B (-1.15%)
VAT $VAT
Investor AB $IVSB
Assa Abloy $ASSA B (-0.73%)
Linde $LIN (-0.44%)
John Deere $DE (-0.45%)
Landstar Systems $LSTR (-0.36%)
Dover Corporation $DOV (-0.37%)
Alimentation Couche-Tard $ATD (-0.29%)
ASML $ASML (-0.35%)
Infineon Technologies $IFX (-0.85%)
Sherwin-Williams $SHW (-0.18%)
Tencent $700 (-0.15%)
Microsoft $MSFT (-0.37%)
S&P Global Inc. $SPGI (-0.8%) or Moody's Corp. $MCO (-0.51%)
Visa $V (-0.3%) or Mastercard $MA (-0.23%)
Ferrari $RACE (+0.33%)

Which stocks do you have on your watchlist?

#aktien
#watchlist
#crash
#stock
#market

A small increase. Up to €3,000 is to be invested piece by piece.

I have the Visa ($V (-0.3%) ) Investor Day 2025 and was able to gain the following insights:

Visa presented a clear strategy at the Investor Day that focuses on long-term growth, technological innovation and expanding its range of services. Nothing new so far. The company is focusing on four core strategic areas: strengthening consumer payments (cards and non-card payments), growth in Commercial and Money Movement Solutions (CMS), expansion of Value-Added Services (VAS) and consistent customer orientation.

Jack Forestell, Chief Product & Strategy Officer, explained the enormous market dynamics in the area of consumer payments. Visa is benefiting from the switch to cashless payments, market share gains in ACH systems (Automated Clearing House) and the expansion in Open Banking. Particularly exciting is the new "Flexible Credential", a solution that enables consumers to use various sources of financing with a single card.

Christopher Newkirk, President of CMS, sees enormous potential in the commercial payments sector, which has a market volume of USD 200 trillion. Visa wants to accelerate its growth through Visa Direct, particularly in cross-border payments. In addition, customized solutions for small and medium-sized enterprises are intended to increase acceptance in the commercial sector.

One of the strongest growth areas remains the Value-Added Services (VAS) business. Antony Cahill presented impressive figures: VAS sales increased from USD 5 billion in the 2021 financial year to USD 8.8 billion in 2024 - an annual growth rate of 20%. Visa sees particularly high long-term potential in the areas of risk management, acceptance solutions and data analysis.

During the Q&A session, the focus was particularly on the long-term growth strategy. Analysts questioned whether Visa can continue to achieve strong sales growth in view of the increasing saturation in the consumer payments sector. Chris Suh, CFO, was optimistic and referred to the expansion into account-to-account payments and alternative payment systems.

It was also emphasized that Visa sees itself not only as a card provider, but also as a technological infrastructure provider for all payment flows. Open banking in particular opens up new opportunities to link banks and FinTechs with Visa technologies and generate new revenue.

The cross-border dynamic was also discussed intensively. Visa continues to benefit from the global acceptance of its cards and the recovery in the travel and e-commerce sector. Growth in cross-border payments remains an important pillar of the corporate strategy, as this area is particularly high-margin.

In addition, the capital allocation strategy was scrutinized. Visa has invested heavily in share buybacks in recent years and remains committed to returning capital to shareholders. At the same time, investments in digital infrastructure and payment innovations are being prioritized. Analysts wanted to know to what extent Visa can continue to achieve strong growth in the VAS segment without margins coming under pressure. Management expressed confidence that economies of scale and the increased use of existing Visa technologies will maintain profitability.

The Visa Investor Day 2025 underlined the company's strong market position and clear strategic direction. With a combination of growth in the Consumer Payments segment, the expansion of Commercial Payments and an aggressive scaling of the VAS business, Visa remains well positioned to benefit from the digitalization of payments in the coming years.

I hope you enjoyed these interesting insights from the Investor Day!

I've just had a great experience when I was at $PYPL (-1.13%) wanted to transfer money from my wallet to my current account. PayPal offered me the free real-time transfer and let me tell you, it was so damn satisfying to have the money in my account within seconds. Absolutely great and finally feels like the 21st century (after 1/4 of the century has already passed).

Of course, I also immediately checked to see who else had activated the free real-time transfer. First with my main DKB account. Unfortunately, there's no real-time transfer there yet, but today I got the message that they're working on adding it. I assume by October 09th.

Sparkasse theoretically also has free real-time transfers. Theoretically, that is. Because in order to be able to use it, you would first have to accept the new contract documents. However, the button to accept is not displayed anywhere. And even if it did, the real-time transfer is of course not free, but costs as much as the normal transfer - namely €0.35 each (in online banking) and of course three times as much if you want to do it in the branch. Apart from that, depending on the account model, it also costs the recipient another €0.35 when the money is sent. Savings bank absolutely insane and lost I'll tell you honestly.

On the other hand, it's good to see that Trade Republic's new current account already offers free real-time transfers. The app did crash 3 out of 4 times when setting up the payment, but when it worked to send the money, it arrived in my current account free of charge within seconds. This was wonderful and made me very happy.

What's your situation? Does your bank already offer free real-time transfers? And do you see any impact on the shares of payment service providers such as PayPal but also $V (-0.3%) and $MA (-0.23%) ?

ASML $ASML (-0.35%) (semiconductor equipment)

Visa $V (-0.3%) (payment transactions)

Mastercard $MA (-0.23%) (payment transactions)

Moody's $MCO (-0.51%) (credit ratings)

S&P Global $SPGI (-0.8%) (credit ratings and indices)

Hermès $RMS (+0.23%) (luxury goods)

Fair Isaac Corporation $FICO (-0.49%) (credit scoring)

Coca-Cola $KO (+0.18%) (beverages)

Apple $AAPL (-0.44%) (consumer electronics and technology)

Nvidia $NVDA (-1.43%) (AI and GPUs)

Also also worth mentioningbut not in the top 10:

Transdigm $TDG (-0.41%) (aerospace)

MSCI $MSCI (-0.02%) (financial services)

Cadence $CDNS (-0.68%) (EDA software)

Synopsys $SNPS (-1.01%) (EDA software)

Ferrari $RACE (+0.02%) (luxury cars)

What do you think? Have I forgotten an interesting company / share?

Does anyone else have the problem that it is not available $V (-0.3%)