Another quarter is behind us, and after this past 🦘 month, I find it amusing to note that this year, it seems the last month of every quarter always ends up in the red...

But it doesn’t really bother me, because when viewed on a quarterly basis, everything still fits well into the overall picture...

...and from an annual perspective, things aren’t looking too bad so far either...

...for a relatively conservative, dividend-focused portfolio that isn’t heavily weighted toward tech, so everything’s still within reason...

...and from a long-term perspective, everything continues to fit into the overall strategy.

Sure, things can always be better, faster, higher, and further, but considering the resources and the overall conditions, everything is perfectly within the target range 🫠

》DIVIDENDS《

Despite the pesky taxes, this month still yielded €215.63 in net dividends, corresponding to a YOC of 6.28 (target range between 6–7%).

》TOP 3《

$HAUTO (+0,77 %) + 9.89% (+147.82%)

$ASWM (+1,41 %) +4.31% (+24.81%)

$VAR (-0,98 %) +0.86% (+70.93%)

》FLOP 3《

$AII (+2,83 %) -19.10% (+19.85%)

$3750 (-0,6 %) -16.85% (+87.16%)

$DTE (+1,9 %) -8.15% (-4.61%)

》 NEW ADDITIONS 《

43.95 x $WINC (+0,79 %)

24 x $AII (+2,83 %)

10 x $MUX (+1,96 %)

1 x $MUV2 (+2,11 %)

》DISPOSALS《

----

》CONCLUSION《

Everything remains the same, except that the final certification (DATEV LuG) is still pending this month, and with the change of the month, we’ll also have to handle the move into our new apartment.

With that in mind, things continue to be exciting, so I wish you and your portfolios all the best 👍🏻

...another month has come and gone, and nothing has really changed—except that the milestone isn’t a stock market event, but rather my passing the DATEV certification exam (law firm accounting/financial accounting) 🥳

"But investing in yourself often pays off much more than just stubbornly clinging to the past."

Otherwise, there wasn’t much spectacular going on, except for more gradual growth...

...so things continue to look good month-over-month and are also steadily on track for the year...

...the same trend can be seen in the overall view...

...so even though this isn’t a high-flyer portfolio, I’m still looking to the future with confidence, despite all the ups and downs.

And of the last 10% to reach the halfway point, another solid 1.5% has now been achieved (maybe there’s still room for more @Solitair )

》DIVIDENDS《

Unfortunately, this month’s net total was only €91.53 (-13.77% YOY), but this is due to the fact that one stock won’t pay out until next month and another is paying out less.

Looking at the year as a whole, the YOC stands at 6.78%, which is still close to the 7% target, despite investments in growth stocks.

》TOP 3《

$AII (+2,83 %) +53.08% (+61.44%)

$DTE (+1,9 %) +5.70% (+3.76%)

$YYYY (+0,46 %) +5.82% (+1.01%)

》FLOP 3《

$BATS (-0,05 %) -8.92% (+98.49%)

$3750 (-0,6 %) -4.83% (+117.94%)

$HSBA (+0,61 %) -4.60% (+84.70%)

》NEW POSITIONS《

44.14 x $WINC (+0,79 %)

65 x x $FTWG (+0,85 %)

》DISPOSALS《

------

》CONCLUSION《

Everything remains the same, and personal education and professional development continue to be key to success...

With that in mind, here’s to continued success for all of us here in the community 💪🏻

I invest with a focus on dividend growth, quality, and attractive valuations. That’s why I set a maximum purchase price for each position based on dividend yield, growth expectations, and my own Margin of Safety (MOS).

I use this overview as a guide to keep emotions out of my buying decisions and to wait patiently for opportunities.

$LMT (+0,04 %)
$UNH (+1,6 %)
$MCD (+0,02 %)
$JNJ (-1,55 %)
$PEP (+0,14 %)
$PG (+0,26 %)
$QCOM (+1,47 %)
$UPS (-1,19 %)
$NN (+0,9 %)
$ASRNL (+0,45 %)
$KO (-0,64 %)
$WKL (-1,37 %)
$MO (+0,27 %)
$ADC (+1,38 %)
$MAIN (-0,79 %)
$O (+0,98 %)
$TDIV (+0,43 %)
$VPK (+1,22 %)
$SHEL (+0,43 %)
$AD (-0,13 %)
$DTE (+1,9 %)
$WHA (-1,01 %)
$EOAN (+1,52 %)

$DTE (+1,9 %) - I was wondering why Telekom is up quite a bit today. Apparently, they've expanded their share buyback program. According to Handelsblatt, the buyback volume is increasing from 2 billion to up to 5 billion euros.

Another month has passed, and it’s time once again to take a quick look into the engine room...

...actually, not much has changed in the big picture, except that after 38 months of consistent performance, the 40k mark has been broken, and so the final sprint of the first half has now begun...

...it’s not a high-flyer portfolio, but so far it’s been a solid growth story, and as the saying goes, every little bit helps...

...which is why YTD hasn’t changed much either...

...nor has it since the very beginning...

...the structure, however, is a different story, and so there were a few changes to the portfolio this month...

》New Additions《

$WINC (+0,79 %) 244.01x

$MUV2 (+2,11 %) 1x

$AII (+2,83 %) 101x

》Exits《

$EVD (+2,7 %) 25x

$3750 (-0,6 %) 8x

》Top 3《

$HAUTO (+0,77 %) +24.42% (+122.67%)

$VAR (-0,98 %) +19.82% (+60.72%)

$DTE (+1,9 %) +10.61% (-1.53%)

》Flop 3《

$3750 (-0,6 %) -10.58% (+128.32%)

$ASWM (+1,41 %) -9.86% (+17.84%)

$YYYY (+0,46 %) -7.01% (-4.80%)

》Dividends《

This month, there were €252.24 in net dividends, representing a 12.24% increase year-over-year.

》CONCLUSION《

Everything’s business as usual, so we can relax and prepare for next Friday’s upcoming DATEV certification 👍🏻

I wish everyone continued success, and may dividends and growth be on our side 🫡

Hey,

June is finally over. First off, here’s the scoop: Installing the solar panel system is still going to be a real headache. But more on that later. As usual, let’s take a look at the performance first.

📈 Performance:

S&P 500: +0.85%

MSCI World: +1.29%

DAX: -0.43%

Dividend portfolio: +0.21%

My top and bottom performers in June were (Top 3/Bottom 3):

🟢 ($JNJ (-1,55 %) ) Johnson & Johnson +15.36%

🟢 ($UNH (+1,6 %) ) United Health +13.54%

🟢 $LLY (-0,78 %) ) Eli Lilly +13.35%

🔴 ($8058 (+0,47 %) ) Mitsubishi -12.98%

🔴 ($MSFT (+0,62 %) ) Microsoft -14.37%

🔴 ($DTE (+1,9 %) ) Deutsche Telekom -17.36%

Dividends:

June 2026: €272.72

June 2025: €343.94

Change: -20.71%

What caused this? Ping An Insurance won’t pay out until July this year. Petroleo Brasileiro is still missing; I expect €13.38 (gross). So probably just over €10. Gladstone Invest had a special dividend last year. There wasn’t one this year.

Sales:

🟥 None

Purchases:

🟩 None

Investment plans:

($CTAS (-0,83 %) ) Cintas (50€)

($MSFT (+0,62 %) ) Microsoft (€25)

I’ve paused the LVMH savings plan because I’m almost at my target amount, so I’ll top up the remaining shares to full shares as soon as I have money available again.

What else has been going on?

The solar panel system was installed on the roof right on schedule. Everything went off without a hitch. It was supposed to be connected on June 25. However, that was postponed and was scheduled for June 30. The electricians arrived on time, but unfortunately didn’t finish the job.

However, the technicians cut through the fiber-optic cable. We were able to patch it up temporarily, but now there are four LAN cables running right across the basement. It doesn’t look great, but it works. The company will repair the fiber-optic cable soon.

Since it’s already July as I’m writing this, I’ll give you a little spoiler: The hot water isn’t working, the wallbox isn’t working either, and no one knows why. You’ll find out how this turns out (which I don’t know yet either) in the July recap.

🥅 Goals for 2026:

I’m aiming to reach €85,000 in my dividend portfolio this year. I’m currently at around €79,696, so at least in theory, anything is still possible. I still have the dividends to reinvest. A pure price increase would now require just under 6.25%. So that’s a bit unrealistic. I’m expecting about €1,500 in net dividends this year (according to getquin). So, with the reinvestment of dividends plus price appreciation, it’s definitely still achievable.

If you enjoyed this post and would like to read more like it, feel free to follow me;

if you’re not interested, feel free to scroll past or use the block feature.

Monday:

Because of the new competitor $SPCX (+6,8 %) SpaceX, $DTE (+1,9 %) Deutsche Telekom is apparently planning a merger with Telekom US. The new holding company could be headquartered in Ireland or Switzerland, similar to what we’ve already seen with Linde. A move that seems somewhat absurd, considering that we’re talking about Deutsche Telekom. In any case, the plans aren’t going over well on the stock market—or rather, the assessment that competition from SpaceX will be so fierce.

https://www.wiwo.de/unternehmen/dienstleister/spekulation-um-fusion-arbeiten-telekom-und-t-mobile-an-einem-geheimen-mega-projekt/100219680.html

Tuesday:

Partly due to the fuel rebate, which is set to expire on Wednesday, inflation in Germany stood at just 2.3%. This puts it only slightly above the ECB’s 2.0% inflation target.

https://www.handelsblatt.com/finanzen/geldpolitik/tankrabatt-inflationsrate-in-deutschland-faellt-auf-23-prozent/100235017.html

Nike exceeded expectations for quarterly revenue and posted higher quarterly earnings. This was due, in part, to $NKE (-0,5 %) Nike is receiving refunds for overpaid customs duties.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-newsblog-nike-uebertrifft-umsatzerwartungen-aktie-legt-nachboerslich-zu/24098412.html

Wednesday:

It was revealed that Donald Trump earned more than $1 billion from crypto projects alone during his first year in office. These included meme coins that have lost significant value. Trump’s earnings have also multiplied compared to 2024.

https://www.bbc.com/news/articles/cvgmv98ez3zo

Thursday:

$BAYN (-0,66 %) Bayer is taking the next step to finally distance itself from the glyphosate lawsuits. Glyphosate is being spun off into the new business unit Ruveon.

https://www.finanzen.net/nachricht/aktien/nach-roundup-rechtsstreit-bayer-aktie-nimmt-50-euro-marke-ins-visier-operatives-us-glyphosatgeschaeft-wird-ausgegliedert-15776894