The Zurich Group $ZURN (+0,21 %) achieved record profits in the last financial year. Operating profit climbed by 5 % to 7.75 billion US dollars, while net profit rose by as much as a third to a record 5.81 billion US dollars. Analysts had expected less - one more reason to take an interest in Zurich shares $ZURN!

Shareholders can look forward to an increased dividend: instead of CHF 26, there will now be CHF 28 per share. 💰

The positive developments are due to rising tariffs in property insurance, high demand for pension products and a solid investment result.

Zurich is also pursuing ambitious targets for 2025 to 2027: annual profit growth of over 9% and a return on equity of at least 23%.

What do you think of Zurich's targets and the current share price? Join the discussion!

In the last few months I have learned a lot - especially through the exchange here in the community. My portfolio has changed changed a lotLess individual shares, more ETFs, and a clear strategy for the coming years.

🔹 In the past my portfolio was heavily dividend stocks characterized, above all $AAPL (+0,26 %) and Swiss stocks with high dividends.

🔹 Today I am consciously focus on more diversificationbut with a focus on Swiss equitiesin which I have been 10 years invested and will continue to do so in the long term. The whole thing is supplemented by accumulating ETFsto minimize costs.

🔹 My current focus:

✅ Swiss blue chips:
$SLHN (+0,02 %) , $ZURN (+0,21 %) , $SREN (-0,09 %) , $HOLN (-0,41 %)

✅ Tech:
$AAPL (+0,26 %) & $TSLA (-4,32 %) as strong individual values

✅ ETFs: iShares MSCI World, S&P 500 for global diversification

✅ Commodities & crypto: Gold (iShares Gold ETF) and a small Bitcoin holding

2nd and 3a pillar (95% invested in equities) as a long-term hedge (these gains are not 100% in the portfolio)

My goal is to live 50 to live largely from the dividendsmy expenses are deliberately very low should remain very low. Until then, I will not be switching my strategy to distributing ETFs, but will continue to rely on accumulating ETFsto take full advantage of the compound interest effect and optimize the tax burden.

💡 Thanks to the community, I was able to develop my strategy further - thank you for your inspiration, tips & helpful contributions! 🙌

➡️ How do you handle the issue of accumulating vs. distributing ETFs? When do you think is the best time to switch? 🤔

Analyst updates, 26.11.

⬆️⬆️⬆️

- ODDO BHF upgrades DEUTSCHE TELEKOM from Neutral to Outperform. Target price EUR 35. $DTE (+0,67 %)

- BARCLAYS raises the target price for AIRBUS from EUR 165 to EUR 166. Overweight. $AIR (-3,2 %)

- BARCLAYS raises the target price for MTU from EUR 340 to EUR 356. Equal-Weight. $MTX (-3,41 %)

- DEUTSCHE BANK RESEARCH raises the target price for ANGLO AMERICAN from GBP 27 to GBP 29. Buy. $AAUKF

- UBS raises the target price for ZURICH from CHF 475 to CHF 532. Neutral. $ZURN (+0,21 %)

⬇️⬇️⬇️

- JPMORGAN lowers the price target for BIONTECH from USD 124 to USD 122. Neutral. $BNTX (+3,14 %)

- JPMORGAN lowers the price target for MODERNA from USD 59 to USD 45. Underweight. $MRNA (+6,04 %)

- UBS lowers the target price for AIR LIQUIDE from EUR 200 to EUR 195. Buy. $AI (+4,21 %)

- METZLER lowers the price target for ABO ENERGY from EUR 113 to EUR 96. Buy. $AB9 (+0,28 %)

- DEUTSCHE BANK RESEARCH lowers the target price for AIR FRANCE-KLM from EUR 10 to EUR 8.50. Hold. $AF

- UBS lowers the price target for UNITED INTERNET from EUR 24 to EUR 23. Buy. $UTDI (+0,66 %)

28.08.2024

VW must further expand its austerity measures + KLARNA halves workforce due to AI + Figures from NVIDIA, HP and Salesforce today + Insurance companies at ATH

Due to sluggish demand and high discounts Volkswagen $VOW (-0,15 %) must expand its austerity program. The core brand VW could no longer achieve its own savings targets for this year with the current measures alone, reports the Handelsblatt, citing people familiar with the matter. Two informants would cite a delta of 2 to 3 billion euros in the core brand's savings and efficiency package. According to the newspaper, a company spokesperson did not wish to comment on the information. So far, the VW core brand is planning to make sustainable savings of 10 billion euros by 2026 in order to achieve a target return of 6.5 percent. (Handelsblatt)

Insurance companies remain very strong: Munich Re $MUV2 (-0,6 %) rose by 1.4 percent to 481.50 euros and marked new all-time highs, Allianz $ALV (-0,14 %) have almost reached their highs for the year. "The bull market in the sector is continuing", said one market participant. The development in the sector continues to be strong, as the latest figures from Zurich Insurance $ZURN (+0,21 %) underlined.

KLARNA (possible IPO in Q3 2024) The Swedish fintech company plans to almost halve its workforce as part of its increased use of artificial intelligence (AI). Jobs are likely to be cut, particularly in areas such as customer service and marketing. CEO Sebastian Siemiatkowski announced the benefits of AI in Klarna's second quarter results published the day before. The company has already reduced its workforce from 5,000 to 3,800 employees in the past year. Siemiatkowski told the FT that Klarna could employ up to 2,000 people in the coming years. "Not only can we do more with less, but we can do much more with less," he said. (Financial Times)

Wednesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

/

Quarterly figures / company dates USA / Asia

08:00 Hyundai Motor Investor Day

13:30 Abercrombie & Fitch quarterly figures

22:00 HP | Salesforce quarterly figures

22:20 Nvidia quarterly figures

Untimed: BYD | Foot Locker | Autodesk quarterly figures

Quarterly figures / Company dates Europe

06:50 Aroundtown half-year figures

10:00 Flatexdegiro half-year figures

Economic data

• 08:45 FR: Consumer confidence August PROGNOSIS: 92 previous: 91
• 10:00 EU: ECB, M3 money supply and lending July M3 money supply FORECAST: +2.7% yoy previously: +2.2% yoy
• 16:30 US: Crude oil inventory data (week) from the government Energy Information Administration (EIA)
• 23:59 US: Fed Atlanta President Bostic (2024 FOMC voting member), attends Stanford Club of Georgia event

I wanted to present my portfolio here.

I am now 15 years old and have been investing since 2021. I would like to slowly expand and increase my portfolio in the future.

At that time I bought the 3 Swiss stocks $NESN (+4,08 %)
$ROG (+1,31 %)
$ZURN (+0,21 %) which I no longer hold much of, but I don't want to sell them either because they pay good dividends and are still relatively stable.

I also received gold as a gift, which I am very convinced of as gold will always be in short supply.

I also bought the tech share $TSLA (-4,32 %) with which I am finally back in the black. I currently see a good future in it.

After thinking about it for a long time $NVDA (-3,63 %) I'm now very happy because I'm up 50%.

I also bought a few weeks ago $ETH (+5,47 %)
$SOL (+2,88 %) which I would like to buy more of in the future.

I am open to criticism and improvement, lg

Hello everyone

I wonder if the display of the dividend, or rather the tax, can be adjusted on Getquin?

I live in Switzerland and I pay 35% withholding tax on dividends from Swiss shares, for example. If I declare the dividends on my tax return, I get this amount back in full and then simply pay income tax on it according to my total taxable income.

Getquin only shows me the actual distribution of 65%, which in my view distorts the result somewhat. How is it with you? How is it in Germany?

$NESN (+4,08 %)
$ROG (+1,31 %)
$NOVN (+1,73 %)
$ZURN (+0,21 %)
$SMICHA (+0,99 %)