$VIE (-0,76 %) - I have selected this as my new savings plan entry. Strategically, I think wastewater is really quite good as a non-cyclical buy & hold for eternity. What do you think?

Here are my thoughts:

For defensive stocks, I used to bet relatively heavily on utilities (15 years ago) - at that time electricity producers like $EOAN (+1,4 %) (EON) or $RWE (+0,25 %) (RWE) or $CEZ (-0,47 %) (CEZ) . My idea at the time was: electricity will always be needed - in the future even more than today. However, the problem was then the state (de)regulation (free choice of supplier, division between grid operator and electricity supplier) and the energy transition in Germany (more decentralized electricity instead of large power plants). I then gradually sold these shares.

In the case of water and wastewater, however, it is not easy to decouple network and provider, as there is no coherent national network for water and wastewater. In the case of wastewater in particular, there is only one treatment plant where the sludge flows, and there are no branches or alternatives. The operator therefore has a virtual monopoly here. Many municipalities no longer want to operate the plants themselves and outsource supply and disposal to companies such as $VIE (-0,76 %). The fact that the state or the municipalities are much more directly involved (unlike with the electricity supply) means that I don't believe that legislators have any great interest in stirring up the market through regulation.

Water and wastewater disposal will always be needed, which is why the sector is extremely crisis-proof in my opinion. The pollution of water and the need for drinking water treatment will also tend to increase significantly. Here, too $VIE (-0,76 %) and has the necessary expertise in drinking water treatment. The dividend is currently over 4% and the dividend growth looks very good.

(Illustration created with lovart.ai, modified in Photoshop)

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 reel:

https://youtube.com/shorts/-XW3vn1GhcQ?si=PGJcOIKQbl2PW6SU

Monday:

The Sentix survey of financial market experts on the eurozone shows that their economic expectations have surprisingly deteriorated, but remain positive. The investor confidence index has also fallen and is now in negative territory.

https://www.boerse.de/nachrichten-amp/Sentix-Konjunkturindex-sinkt-ueberraschend-Flaute-in-Euroland/38001010

Wednesday:

$EOAN (+1,4 %) E.ON benefits from the expansion of its electricity grids and increases adjusted EBITDA to €7.4 billion (+10%) in the first nine months. Investments of 5.1 billion euros in particular have paid off.

https://www.handelsblatt.com/unternehmen/energie/energie-eon-und-rwe-bestaetigen-prognose-und-fahren-gewinne-ein/100171026.html

Thursday:

The IT supplier $CSCO (-2,24 %) Cisco had its best share price during the dotcom bubble. However, this year is likely to be the best year in terms of annual results. Thanks to the data center boom, Cisco has exceeded expectations. In the last quarter, sales and profits increased by 8 % and 10 % respectively.

https://www.handelsblatt.com/technik/it-internet/netzwerk-ausruester-cisco-sieht-sich-nach-starken-zahlen-auf-rekordkurs/100174065.html

These are the most important dates for the coming week:

Wednesday: 20:00 FOMC Minutes (USA)

Thursday: 08:00 Producer prices (DE)

Friday: 9:30 Industrial data (DE)

Can you think of any other dates?

#fomc
#usa
#erzeugerpreise
#industriedaten

$MNDY (-2,85 %)
$TSN (+1,01 %)
$OXY (-0,57 %)
$WULF (-9,93 %)
$PLUG (-1 %)
$RKLB (-3,72 %)
$CRWV (-10,71 %)
$9984 (-3,49 %)
$IOS (+1,26 %)
$MUV2 (+0,12 %)
$SE (-1,16 %)
$NBIS (-7,43 %)
$RGTI (-3,71 %)
$$BYND (-8,82 %)
$OKLO
$IFX (-1,76 %)
$EOAN (+1,4 %)
$TME (+0 %)
$VBK (-4,27 %)
$HDD (-0,46 %)
$ONON (-1,65 %)
$JMIA (-4,13 %)
$MRX (-0,97 %)
$HTG (-4,23 %)
$DTE (-0,8 %)
$R3NK (-2,77 %)
$HLAG (-0,72 %)
$JD (-0,3 %)
$700 (+0,26 %)
$DIS (-0,08 %)
$ENEL (+0,14 %)
$AMAT (-4,67 %)
$NU (+0,49 %)
$ALV (-0,79 %)
$SREN (+0,31 %)
$BAVA (-0,61 %)

The DAX has risen by more than 70 percent since 2021. However, since this financial year, companies' annual dividend payments have only increased by a good five percent. The result of these different speeds is falling dividend yields.

A Handelsblatt analysis shows: Only five companies still offer shareholders a yield of more than three and a half percent based on their most recently paid dividend - in other words, significantly more than can be obtained from banks with overnight money.

This does not include shares in companies with high dividend yields, but where there is a threat of a cut in the payout next spring - as is the case with car manufacturers. BMW $BMW (+0,46 %), Mercedes $MBG (+0,33 %) and VW $VOW (+0,69 %) achieve record-high dividend yields of up to 8.3 percent, but these are worth little due to an expected lower payout in the future.

From today's perspective, investors can be sure that no cuts are imminent for the shares presented below, provided nothing dramatic happens.

Munich Re: More than 20 euros dividend

At 20 euros per share, five euros more than in the previous year, Munich Re distributed $MUV2 (+0,12 %) paid out more than any other DAX company this spring. Analysts are forecasting an average of €21.48 for 2026. Based on the previous distribution, the dividend yield is 3.8 percent.

One of the strongest arguments for buying the share is its reliability. The payout has never fallen since 1969 and has risen eight times in the past ten years.

Eon: Boring, but reliable

Years ago, Eon set itself the $EOAN (+1,4 %) set itself the target of increasing its dividend by five percent annually. This means that the dividend will rise by two cents to 57 cents next spring. This would be the fifth two-cent increase in a row. Based on the previous distribution, the dividend yield is 3.6 percent.

DHL: top yield of 4.8 percent

For 17 years, DHL $DHL (+0,05 %) has not lowered its dividend for 17 years, and this is unlikely to change in 2026. The last cut was in the crisis year 2008, and analysts expect an average of EUR 1.87 per share for next spring. In view of the challenges, particularly in the US business, Handelsblatt only expects the dividend to remain unchanged at EUR 1.85.

Based on the current share price, shareholders will achieve a dividend yield of 4.8 percent if the payout remains the same. None of the shares portrayed here offer that much.

Vonovia: Strong rental business

Analysts expect Vonovia $VNA (+0,23 %) to achieve an average net profit of two billion euros this year.

The dividend is expected to average EUR 1.25, compared to EUR 1.22 last spring. Based on the previous distribution, the dividend yield is 4.6 percent. This is the second highest among the stocks portrayed here.

Rent increases and almost full occupancy of the apartments ensure consistently high profits in the operating business - which was also the case in 2023.

Allianz: High yield with upside potential

Looking at the year as a whole, analysts are forecasting a record net profit for Allianz $ALV (-0,79 %) a record-high net profit of 10.7 billion euros, compared to 9.9 billion euros in the previous year. This means that nothing stands in the way of another dividend increase. The dividend has been increased nine times in the past ten years. The last cut was in the 2008 financial year, when the real estate and financial crisis hit the markets.

Analysts are forecasting an average dividend of EUR 16.74 per share for the 2026 Annual General Meeting. Last year, the dividend was EUR 15.40, which already results in a considerable dividend yield of 4.4%. At 16.74 euros, the yield would be 4.75%.

Around 60 percent of the net profit went to shareholders this spring, which is the international standard for mature large corporations. The share price has doubled in the past three years.

Source: Text (excerpt) & picture Handelsblatt, 16.09.25

In the new Security of Supply Report of the Federal Network Agency states that Germany needs many new gas-fired power plants very quickly so that the lights do not go out.

A total of 71 new large gas-fired power plants will be needed in the next ten years. Previously, the security of supply reports stated that around 40 power plants were needed. Now the new German government has apparently recalculated and come to the conclusion that an additional 35.5 gigawatts are needed to be on the safe side. As a gas-fired power plant of the larger type can supply around 500 megawatts, more is now needed.

A single one of these power plants costs between 600 and 800 million euros. So in total, we are talking about 50 billion euros. When it comes to such investment sums, it also becomes interesting for investors, as companies have to build the new power plants and connect others to the grid.

In the gas turbine business in particular, there are not so many players at the forefront. One of them is the German stock market star Siemens Energy $ENR (-3,96 %). Together with its competitors GE Vernova
$GEV (-5,22 %) and Mitsubishi Power
$7011 (-2,4 %) the Germans share around two thirds of the global market for gas turbines.

The power plants also have to be operated and there are not many companies vying for the job. The main reason for this is that gas-fired power plants are only supposed to step in when there is not enough renewable energy available. With state support/subsidies, this will still be a good business for energy companies such as RWE $RWE (+0,25 %) , EnBW
$EBK (+0,61 %) and E.on $EOAN (+1,4 %).

Source text (excerpt): Welt, 05.09.25 | Graphic: Wikipedia

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

Also as a video:

https://youtube.com/shorts/Uzk8OxJUsgE?si=HcH5OJEJh5RWZLzN

Tuesday:

The ZEW economic expectations in Germany deteriorate unexpectedly sharply. It turns out that the announcement of high debts may make construction interest rates more expensive, but will not bring about a special economic situation. The government cannot avoid real reforms to strengthen competitiveness.

https://www.n-tv.de/wirtschaft/der_boersen_tag/ZEW-Index-sackt-unerwartet-kraeftig-Der-Inlandskonjunktur-fehlt-es-an-jeglicher-Dynamik-article25959806.html

Inflation in the US is rising less strongly than expected at +2.7% (expected 2.8%) in July compared to the same month last year. However, core inflation rose more strongly than expected (+3.1%), which is more relevant for the Fed as it is largely adjusted for one-off effects (excluding food and energy prices). However, the stock market is not looking at core inflation and share prices are rising.

https://www.handelsblatt.com/finanzen/geldpolitik/us-inflation-kerninflation-in-den-usa-steigt-dilemma-fuer-fed/100146424.html

Wednesday:

$EOAN (+1,4 %) Eon was able to increase its adjusted EBITDA by 13% to €5.5 billion in H1 thanks to further investments (€2.5 billion) in the electricity grids. Adjusted earnings also rose by almost 10% to 74 cents per share.

https://www.finanzen.net/nachricht/aktien/wachstum-e-on-aktie-operativer-gewinn-von-e-on-steigt-ziele-bestaetigt-14722136

Thursday:

At 0.3%, the British economy grew more strongly than expected in the 2nd quarter. Economists had only expected 0.1 %. Although the economy is growing, the labor market is cooling. The number of people in employment fell for 6 months in a row.

https://www.handelsblatt.com/politik/international/bip-britische-wirtschaft-waechst-ueberraschend-kraeftig-plus-von-03-prozent/100148352.html

Growth in the EU, on the other hand, was significantly worse at 0.1% in the last quarter. Tariffs in particular are weighing on growth in industrialized nations such as Germany and Italy and have led to pull-forward effects in the first quarter.

https://www.handelsblatt.com/politik/international/euro-zone-konjunktur-schwaechelt-mini-wachstum-von-01-prozent/100148403.html

There is also bad news from the USA. After core inflation, producer prices are also on the rise. This means that a rate cut by the Fed is once again on the cards. Producer prices are a good leading indicator of inflation. Producer prices rose by 0.9% (expectation: +0.2%) compared to the previous month. This is the largest increase since the start of Russia's war of aggression against Ukraine, when energy prices exploded.

https://finanzmarktwelt.de/us-erzeugerpreise-massiv-hoeher-als-erwartet-360456/?amp#

These are the most important dates for the coming week:

Wednesday: 20:00 FOMC minutes (USA)

Thursday: 10:00 Economic data (EUR)

Friday: 02:00 Jackson-Hole (USA)

Can you think of any other dates? Write it in the comments

#fed
#jacksonhole
#fomc
#hcob
#eur

$SZG (-2,4 %)
$HYQ (-1,01 %)
$ABX (-0,45 %)
$BBAI (-5,73 %)
$PLUG (-1 %)
$GPRO (-0,68 %)
$TEG (+0,57 %)
$1SXP (+0,26 %)
$SE (-1,16 %)
$ETOR (-3,58 %)
$NCH2 (+0,8 %)
$TUI1 (+0,26 %)
$VWS (+0,82 %)
$R3NK (-2,77 %)
$EOAN (+1,4 %)
$CSCO (-2,24 %)
$SLI (-4,14 %)
$HFG (+0,28 %)
$HTG (-4,23 %)
$HLAG (-0,72 %)
$TKA (-1,87 %)
$DOU (+2,76 %)
$RWE (+0,25 %)
$BIRK (+1,09 %)
$9618 (-0,36 %)
$DE (+2,56 %)
$FR (-5,61 %)
$NU (+0,49 %)

Hi guys, I need your advice again.

My savings plans are currently running as follows:

200€ in the $VWRL (-0,98 %)

70€ in $KO (+1,67 %)

130€ in $AAPL (-0,42 %)

Due to good circumstances, I currently have the opportunity to add another 100€.

My current consideration would be the 100€ in $BTC (-0,13 %) , $EOAN (+1,4 %) or perhaps also $NVDA (-3,26 %) or $GOOGL (-3,46 %)

What would you do with the €100? Or maybe just increase the savings plan to the $VWRL (-0,98 %) increase it?

Thank you!

Hello everyone,

Since I and my portfolio have recently exceeded the €50,000 mark, I wanted to take this as an opportunity to present my portfolio and my strategy to you. I look forward to your opinion, assessment, criticism and potential for improvement.

About me: I am still 29 years old and work as a team leader in an industrial company in the building materials sector. In terms of education, I feel I've been through all the stages - from a qualifying secondary school certificate to A-levels and a bachelor's degree to a master's degree. The only thing missing is a doctorate 😌

About the overall strategy: My assets are divided between my share portfolio, a condominium and a call money account. I live in your apartment myself. I wouldn't consider renting or real estate as an investment because I think the risks of having to invest money again are too high. You can also suspend the savings plan in your portfolio from time to time. So the apartment is held for as long as it is occupied and then sold when I buy a house.

About the equity strategy: I'll try to summarize this briefly

• Allocation: core-satellite strategy. So core for me is any ETF, satellites are the individual stocks. Core should make up about 80 percent, the individual stocks 20 percent. The buy-in for the individual stocks is always 2000 euros.
• Selection: Dividend strategy - the dividends of the ETFs are reinvested in them, the dividends of the individual shares go into an ETF.
• Buy and hold
• Special feature: I received a loan from a close relative for my apartment, which is repayable on maturity after 8 years. Due to some lucky coincidences, I had the money back together one year after the purchase. So instead of letting it sit in an overnight deposit, I invested it at the beginning of 2024 - with very good timing.

Stock selection and savings plan:

• $VHYL (-0,4 %) The big core - I think the ETF is good because it is broadly diversified and has a good, reliable distribution. I am not currently saving in the ETF. Only the remaining shares from the beginning of 2024 are transferred from the second custody account (I transfer cash to a separate account and make a custody account transfer from the second custody account to mine. The loan amount will then accumulate there).
• $VWRL (-0,98 %) Will be my new second large core and therefore currently saved with 500 euros per month.
• The following individual securities are currently fully saved: $ALV (-0,79 %)
  $BAS (+0,71 %)
  $EOAN (+1,4 %)
  $BATS (-2,66 %)
• As soon as the core share is over 80 percent, further shares are transferred from the second portfolio. $SIE (-0,88 %) shares are transferred from the second portfolio. The total buy-in is therefore also EUR 2000.
• The following stocks are still included in the second portfolio and are transferred bit by bit - whenever there is money and depending on the core share in my portfolio: $VHYL (-0,4 %)
  $VWRL (-0,98 %)
  $PEP (+0,29 %)
  $SIE (-0,88 %)
  $DHL (+0,05 %)
  $VOW (+0,69 %)

Further strategy:

At the moment I feel comfortable with the strategy and until all individual stocks etc. have been transferred to the main portfolio. It will take some time before all the individual stocks etc. are transferred to the main portfolio. In the long term, I am considering $TDIV (-0,33 %) with a 10 percent share. I will then select individual stocks in the future, but e.g. $RIO (+0,43 %) , $MUV2 (+0,12 %) or $MAIN (-0,4 %) I could well imagine.

Looking forward to your comments on this boring strategy 😌

May tastes good with some German companies in the portfolio.

$EOAN (+1,4 %)

$ADS (+1,99 %)

$ALV (-0,79 %)

$DHL (+0,05 %)

$BAS (+0,71 %)