Hi everyone,

Another update now that I have reached my annual target. This was actually already the case in January, but then Amundi came along and I had to part with the $LCUW including a nasty tax (thanks again Amundi).

On top of that, my savings rate suffered a little due to our offspring and I was able to invest less than originally planned.

What has changed?

I was finally able to part with $YOU (+0,45 %) and switched to $MSFT (+0,93 %) and regrouped. In addition $CEG (+3,89 %) and $PEP (-0,38 %) were added to the portfolio.

Savings plans on my ETFs are continuing as normal. With $NIO (-3,57 %) I secretly continue to hope for a recovery, otherwise it will remain as a memorial.

Next year's goal is to break 128k.

As always, I look forward to honest and critical feedback

$ZAL (-0,66 %) Zalando's share price has already doubled again in the last 12 months from its low. But there is still plenty of room for improvement 📈

With $YOU (+0,45 %) the market share will be further expanded 👆

https://de.investing.com/news/press-releases/eqsnews-about-you-holding-se-vorstand-und-aufsichtsrat-von-about-you-unterstutzen-offentliches-ubernahmeangebot-von-zalando-deutsch-2858330

One takeover candidate is being replaced by the next in Deutsche Börse's small-cap index SDax. On Monday (January 13), the hospital software company Nexus $NXS (+109,61 %) will have to leave the index after the US financial investor TA Associates secured almost 95 percent of the Donaueschingen-based company.

This means that Nexus no longer meets the minimum free float of ten percent, which is a prerequisite for membership in the index, as the Deutsche Börse subsidiary ISS Stoxx announced on Wednesday evening.

Instead, the online fashion retailer About You
$YOU (+0,45 %) is returning to the SDax - but its days there are probably numbered. Because its much larger competitor Zalando $ZAL (-0,66 %) only announced a 1.13 billion euro takeover bid for About You in December and has already secured three quarters of the shares.

Source: Handelsblatt

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/qddXVLwZJxA?si=fuYDrtqdo6eoQnvb

Monday:

After various announcements, China is apparently getting serious and actually changing its monetary policy, for the first time in 14 years. The central bank is to pursue a looser monetary policy, meaning interest rate cuts to stimulate the economy. Stocks in China and luxury companies are also benefiting from the news.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-china-lockert-seine-geldpolitik-und-will-konsum-ankurbeln/100093699.html

$CON (+0 %) Continental is following the path of many suppliers. The tire business (which has a promising future) is being spun off from the traditional supplier business. In this way, Continental is ensuring that the company will survive the end of the combustion engine.

https://www.handelsblatt.com/unternehmen/industrie/autozulieferer-continental-vorstand-beschliesst-abspaltung-des-zulieferergeschaefts/100093743.html

Tuesday:

The company $TMV (+1,35 %) Teamviewer is under pressure following the purchase of London-based software specialists 1E. Teamviewer is buying 1E for around 720 million euros, which would be the largest acquisition in the history of the Göppingen-based company. Products from 1E can probably detect and rectify software problems at an early stage. Well-known customers include Adidas, Nike and AT&T.

https://m.focus.de/finanzen/boerse/software-konzern-expandiert-teamviewer-uebernimmt-softwarefirma-1e_id_260549204.html

Inflation in Germany remains above the ECB's 2% target for the time being. According to the HICP, inflation in November was 2.2% compared to the previous year.

https://www.handelsblatt.com/politik/konjunktur/teuerungsrate-inflation-wieder-ueber-zwei-prozent-marke/100093884.html

Wednesday:

$ZAL (-0,66 %) Zalando buys its direct competitor $YOU (+0,45 %) About You for 1.1 billion euros. The reason for the consolidation is the growing competition from China, e.g. Shein and Temu. Zalando pays a hefty premium of 65% on the last stock market price.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/zalando-moderiese-kauft-konkurrenten-about-you-von-otto-gruppe/100094079.html

The Bank of Canada cuts its key interest rate by half a percentage point. This major cut in the prime rate was expected by most experts. The reason for this was poor labor market

https://www.bnnbloomberg.ca/business/economics/1970/01/01/bank-of-canada-cuts-key-interest-rate-by-50-bps-to-325/

Thursday:

The Kiel Institute for the World Economy also expects 0% growth in Germany in 2025. Stefan Kooth, economist and Head of the Forecasting Center at the IfW, is calling for a move away from interventionism in economic policy and for better framework conditions instead. In this context, he takes a positive view of the idea of more Musk and Milei.

https://www.handelsblatt.com/politik/konjunktur/stefan-kooths-solche-werte-sehen-wir-sonst-nur-bei-massiven-schocks/100093744.html

The ECB cuts the deposit rate again to 3.0%. This is the fourth rate cut we have seen this year.

https://www.n-tv.de/wirtschaft/EZB-schraubt-Zinsen-weiter-nach-unten-article25428364.html

Most important dates in the coming week:

Monday: 9:30 Purchasing Managers' Index (DE)

Wednesday: 20:00 Interest rate decision (USA)

Thursday: 14:30 Economic data (USA)

What other important dates can you think of?

#index
#usa
#fed
#zinsen

It's finally gone!

I've been carrying around this block for far too long...

I got to know the founders during my studies and then bought shares, after which things went steadily downwards.

Apparently Zalando wants to buy the store, they can have my shares directly after the 65% increase.

I probably could have sold them much earlier, but I always thought to myself "it could go up again and then I'll have less of a loss"

In the meantime, however, it has gone down again 😂

Memo to myself: Get rid of weeds earlier and fertilize the roses with them

Let's see if I learn from it 😅😂

$ZAL (-0,66 %) has submitted a takeover bid for $YOU (+0,45 %) submitted. Patience has paid off🤝

My "What if?" portfolio

Would have, would have, bicycle chain

Do you know this? You're sitting around like this, you're unemployed, you're 6 months behind with the rent, your landlord has given notice and your girlfriend is now with @Testo-Investor because he's a real doer. And while you get up because the bailiff is taking away the last armchair you were sitting on 5 minutes ago, you think to yourself "At least I don't have to organize a move anymore. But if I had invested in $BTC (+0,09 %) then none of this would have happened".

We mourn missed opportunities. Opportunities that we didn't know about ("Bit... what?"), opportunities that we didn't believe in ("Somehow the old job is more comfortable, I don't need that bit more money and promotion opportunities") and opportunities that we screwed up ourselves ("lol, they're actually offering 100 euros for my $NVDA (+3,19 %) shares. Take my stock, you fools"). But is it really that bad?

In 2022, I wrote my post "Why it makes sense to sell bad buys at a loss" https://app.getquin.com/activity/JMQwETSOoS . Back then, there wasn't even formatting for posts on getquin. We had to use shoddy tricks, which is why the umlauts in headlines looked so funny. But I digress. Anyway, I was busy selling positions and was in the middle of finding my strategy, which was still changing or at least concretizing over the last few years. As I continuously pushed ahead with my change in strategy, I sold some positions. Not primarily because I no longer believed in the positions, but because they no longer fitted into my strategy of a leaner and less expensive portfolio.

For example, a few weeks ago I sold $HBAR (-0,04 %) with a loss of over 60%. Since then, the coin has risen by around 180%. I also sold Nvidia in January 2022 for EUR 26.315 (split-adjusted) - at least at a profit. The list goes on and on.

Do I regret the sales? Of course it hurts to see how much return has fallen by the wayside. But I stand behind my overriding goal of adjusting my strategy, so I have absolutely no regrets.

But sometimes I still ask myself: what if? And that's why I created my "What if?" portfolio on getquin. All my sales are listed there as purchases with the selling price at the time and the corresponding quantity. In other words, it tracks the price development since the sale. And with this portfolio feedback I give you an exclusive insight - including absolute values.

What do I learn from it?

• It's amazing that you've made it this far. I really tend to beat around the bush. And you almost seem to be in love with me, the way you're glued to my lips.
• In retrospect, some sales were really annoying, e.g. Nvidia
• Despite high returns recently, I'm not at all annoyed about the sales of $ADA (-0,65 %), $HBAR (-0,04 %) and $IOTA (+0,91 %). Overall, the difference is only a few hundred euros and therefore peanuts in the portfolio. Moreover, the positions would still have been very far from the entry price
• Other positions performed rather mediocre to poorly, for example . $YOU (+0,45 %), $MPW (+2,84 %) or $BAYN (+1,03 %). Here the sale definitely made sense
• Overall, I have sold relatively little of my portfolio. The sales currently only make up a fraction of my overall portfolio
• Of course, it should not be forgotten that I have reallocated the proceeds from my sales to my existing portfolio (crypto to crypto, shares and ETF to ETF) and a return was also generated here
• My "what if" portfolio achieved a TTWROR of under 20%, while my aggregated portfolio generated a TTWROR of over 30% in the same period
• It's damn difficult to time the market. I can't do it. So I don't even try

Looking back, I did everything right. But even if I hadn't, I wouldn't have any regrets. So don't fret about missed opportunities, stay true to yourself and focus on the future.

How I beat the MSCI World by over 25,000% over 13 years

Part 4: The financial challenges of a partnership and Kellogg's as a turning point

You can find the first part of my investment story (incl. background and TL;DR) here: https://getqu.in/JldknL/

The second part here: https://getqu.in/Ptei6g/

The third part here: https://getqu.in/sfTZ3P/

You already noticed it in part 3. This one was far less spectacular than parts 1 and 2, and that's a good thing. The donkey has to grow up at some point. And my girlfriend also contributed to this.

A portrait of my partner

My partner is a phenomenon. While I worked 40 hours a week and studied part-time, my girlfriend studied full-time and financed her studies with temporary jobs. And yet she was able to afford everything I was able to afford. 3 weeks vacation in the USA? No problem. A new cell phone? Of course. A gym subscription and membership of several sports clubs (without using them, of course)? Why not? Party every Friday and Saturday (with 40 hours a week and a part-time degree, that's really exhausting 🥲)? Definitely.

Honestly. I had and still have no idea how she did it. It's a complete mystery to me how she was able to finance such a life with her income. But she could. Perhaps it would be more instructive if she wrote posts on getquin instead of me? Pretty sure she would. But I'm afraid she'll take her secret to her grave (OF jokes & co incomming 😉).

Higher salary ...

In 2020, I was still living in my first apartment, the rent for which (500 euros warm) had never been increased. At the same time, our IT Director was a big fan of the donkey (no idea why, probably luck again) and promoted me, against the wishes of my direct superior and shortly before the Director was fired, with huge salary increases to just under 100k gross annual salary. My job only changed marginally. As I was still not living the high life, my already high savings rate grew even further. Until my partner took her first real job.

... and higher expenses

Do you remember? My partner could afford my lifestyle with her temporary job 😅. Kind of bitter, wasn't it? Now that she had a real salary, I got scared and anxious. And rightly so. Suddenly I was doing things with her that I'd never dared to dream of. Suddenly I was going on vacation several times a year. And not in the low season in cheap vacation apartments. No, now it had to be the high season and a hotel. Then there were crazy things like "just going to a restaurant for no reason" or buying good alcohol instead of the booze that was good enough the year before.

But the biggest turning point was the first apartment we shared. Normally, moving in together makes everything cheaper because you now divide everything by two. But because I was living so incredibly cheaply and we had to move to an expensive city because of her job, my share of the joint rent and therefore my living costs increased significantly. Thanks to corona, I was able to stay in my home office and didn't have to change jobs. My very good salary remained the same.

So my life became significantly more expensive. And I am infinitely grateful to my partner for that. She taught me to treat myself sometimes. I didn't know that before and it makes my life so much more worth living. Apart from that, that was of course complaining on a high level. Of course, you can also save a lot with an adjusted lifestyle in an expensive city like Stuttgart and an annual salary of 100k.

Kellogg's, the next turning point in my investment career

Over time, my investments became more mature. I continued to study finance in depth and developed my first real strategy. I went for a world ETF as a core, added a few sector ETFs as niches and supplemented my risky portfolio with my existing crypto positions and P2P loans. I also kept buying individual stocks based on my gut feeling and landed direct hits such as $MPW (+2,84 %) or $YOU (+0,45 %). So I wasn't quite all grown up after all.

And then came Kellogg's $K (-0,11 %). I bought a few shares on impulse and found myself checking the price several times a day, constantly looking at the portfolio and generally feeling very tense. After about 8 weeks, I sold the position again with a few euros and a much calmer sleep as a profit. I questioned what had happened to me here and realized that I had not done enough research on the share. This created uncertainty and nervousness.

Somehow pretty crazy. I have 6 figures invested in crypto, but a 1,000 euro investment in Kellogg's makes me nervous 😅.

Anyway, I realized that you should understand what you're investing in. And that it can be expensive. However, it took some time to put this realization into practice. Until the 5th and final part of this series, to be precise: https://getqu.in/DJulMK/

Analsyst updates, 08.11.

⬆️⬆️⬆️

- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (-1,17 %)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (+4,57 %)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (+0,15 %)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (-1,53 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-0,05 %)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (-1,15 %)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+0,24 %)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (+0,4 %)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (+1,01 %)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-0,94 %)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (+1,23 %)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (+0,21 %)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (+0,66 %)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+1,29 %)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0,87 %)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (-0,14 %)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (+0,45 %)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (+1,25 %)

⬇️⬇️⬇️

- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (+0,66 %)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (+1,36 %)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (+0,94 %)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (-1,15 %)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (+3,32 %)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+2,08 %)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (+0,09 %)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (+0,66 %)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+1,71 %)

Hi everyone. Now that I've reached my annual goal today (hopefully it will hold) and thus another milestone, I'd like to get some feedback.

Briefly about my strategy and my goal.

Every month I save

48% $LCUW

16% $AE5A (+0,59 %)

16% $ISPA (+1,19 %)

10% $BTC (+0,09 %)

10% $QQQ3 (+4,45 %) (2.5% weekly)

$TDIV (+1,68 %) is saved with dividends.

Individual shares are only bought on a one-off basis or, if necessary, subsequently.

I still have a few old stocks in my portfolio ($NIO (-3,57 %)
$YOU (+0,45 %) ) that will have to go soon. Apart from that, the main focus is on dividend stocks, which is good for my mindset when money comes in regularly.

My goal is to no longer have to work in 17 years if I want to.

My savings rate is currently "only" 20%, as we built a house 3 years ago and had a baby this year.

Now I'd like to rest ;) (Too many ETFs, too much crypto, no strategy ;) maybe you can think of more.