In my opinion, you can diversify at these levels:

Local (by headquarters, by turnover)

By currency

By industry

By company size (influences volatility)

I try to have as little overlap as possible in several areas in order to keep my portfolio robust.

Example:

$DRO (+5,4 %) and $PARRO (-0,11 %) : Similar industry, so both are driven by the same news, but have different locations and currencies.

$CACI (+0,32 %) Also has some correlation with the two, but is mainly dependent on the movements of the US military.

$8001 (+1,46 %) As a boring anchor

$SL (-0,75 %) As a "real" luxury play to profit from rising inequality and to have more euro/Italy in the portfolio.

$GRE (-0,25 %) Because I see great potential in Greece, see old post

My goal is to beat the market, I'm still relatively young and want to see if I can do it, if not I'll put everything in an etf in 5 years.

Regarding my portfolio, I currently have a cash ratio of 23-25% depending on the fluctuations in the last month.

Purchases of existing stocks:

I plan to increase the financial stocks by 50%, $CG (-0,29 %)
$KKR (-0,38 %)
$APO (-0,56 %)
$TPG (-1,41 %) .

In addition, a little $DMP (+0,07 %) by 25%.

Sales:

I made the mistake of wanting to $EVO (-0,19 %) and $CPRX (-0,63 %) trade, but then I was too greedy.

I am convinced of both positions in the long term but not in this size in the portfolio, which is why I will reduce both stocks by 33%.

Potential purchases:

$HALO (+0,03 %)
$CUV (+1,23 %) - Will invest a little extra, otherwise just the 33% from sale of $CPRX. Both around 50 - 50

$SL (-0,75 %) - the same as $TISG (-0,6 %)

$KSPI (+0 %) - about as high as $MUM (+0,06 %)

$FIH.U (+0 %) - about as high as $MUM (+0,06 %)

$2GB (+0,09 %) - about as high as $MUM (+0,06 %)

$M12 (+0,56 %) - about as high as $MUM (+0,06 %)

$CPR (-0,17 %)
$DGE (-0,72 %)
$RI (-0,58 %) - I'll wait and see, but I can imagine that they will develop in a similar way to the tobacco shares. Since I don't want to decide, I'll just buy three for the sum of one. And divide the amount between these 3.

In general:

I'm generally a fan of putting together baskets like with alcohol or the yacht builders.

What would you change because you see a high risk? I am relatively poorly positioned in the tech sector, do you have any other titles that I could take a closer look at in this area?

As announced, here's a little update on January today, nothing long, don't want to bore you

Yield

Yield: 6.82% (FTSE All World: 4.23%)

TTWROR: 7.29%

Thus slightly outperformed, hopefully I can extend this lead further

transactions

Sales:

• Shimano $7309 (-0,17 %)
• 
  Medpace $MEDP (-1,29 %)
• 
  Apple $AAPL (-0,11 %)
• 
  Domino's Pizza $DPZ (-0,04 %)
• 
  McDonald's $MCD (-0,07 %)

Purchases

• Norbit $NORBT (-0,2 %) (subsequent purchase)
• Frosta $NLM (+0,1 %) (initial purchase)
• RCS Mediagroup $RCS (-0,3 %) (initial purchase)
• Uber Technologies $UBER (-0,52 %) (initial purchase)
• Sanlorenzo $SL (-0,75 %) (initial purchase)
• Charles River Labs $CRL (-0,48 %) (subsequent purchase)
• Simply Better Brands $SBBC (-1,21 %) (initial purchase)

Looks like a lot of back and forth for now, but with this my portfolio conversion continues and will soon be completed

Hello GQ community,

Bruno Kreidler made me aware of this share. $SL (-0,75 %) share through Bruno Kreidler.

What is your opinion?