Puestos
40Today, immediately after the US IPO, I bought the first tranche at $CTAS (-1,35 %) and placed the first tranche at I've had my eye on it for a long time and now you can get it at a fair price for the first time in a long time.
I'm keeping my eyes open and will definitely invest in a second tranche if it continues to fall.
The market continues to push toward new ATH and today it looks ready to recover from last Friday’s sharp drop following Trump’s threat of 100% tariffs on China.
While many investors keep chasing momentum, I’ve stayed calm and rotated my portfolio toward what I see as real value.
My focus has been on companies that are deeply undervalued yet essential to people’s daily lives, some to balance.
Here’s a glimpse of my current positions:
Pepsi $PEP (+0,32 %) Cintas $CTAS (-1,35 %) Bristol Myers ($BMY (-0,98 %) ), TMF, Intuitive Surgical ($ISRG (+0,98 %) ), General Mills $GIS (+1,3 %) , Lululemon ($LULU (+1,99 %) ), Campbell Soup (CPB), iShares MSCI India (INDA), American Water Works $AWK Airbnb (ABNB), and Novo Nordisk $NVO (-0,33 %)
This rotation has kept my portfolio on a steady growth plateau — not chasing short-term rallies, but positioning for sustainable performance in the months ahead.
I’m focusing on strong fundamentals, stability, and pricing power in an environment where volatility and political headlines can change the mood overnight.
𝗧𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗰𝗼𝗽𝘆 𝗺𝗲 𝗼𝗻 𝗲𝗧𝗼𝗿𝗼—𝗱𝗼𝗻’𝘁 𝗺𝗶𝘀𝘀 𝘁𝗵𝗶𝘀 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗮𝗹𝗼𝗻𝗴𝘀𝗶𝗱𝗲 𝗺𝘆 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆.
😎 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: This is my personal opinion and is for informational purposes only. You should not interpret this information as financial or investment advice
📈 Performance:
S&P500: +2.80%
MSCI World: +2.60%
DAX: -0.09%
Dividend portfolio: +0.74%
My high and low performers in September were (top/flop 3):
🟢 ($TSLA (+4,15 %) ) Tesla +33.20%
🟢 ($UNH (+0,78 %) ) UnitedHealth +14.25%
🟢 ($D05 (+1,1 %) ) DBS +12.94%
🔴 ($DTE (+1,46 %) ) Deutsche Telekom -8.29%
🔴 ($TSCO (-0,12 %) ) Tractor Supply -9.43%
🔴 ($TXN (+0,03 %) ) Texas Instruments -10.30%
Dividends:
September 2025: € 203.56
September 2024: € 140.14
Change: +45.26%
Sales:
🟥 ($T (+1,16 %) ) AT&T (27 shares) +36.05%
Purchases:
🟩 ($2318 (+0,6 %) ) Ping An Insurance (150 pcs.)
🟩 ($UNP (+0,47 %) ) Union Pacific (3 shares)
Savings plans:
What else has happened?
As announced, I asked the tax office to recalculate the advance payments. This was done and fortunately I no longer have to pay anything in advance.
If things go well, I'll even get some money back next year.
The bill for the car has also arrived and amounts to €1500. But that really pays for everything.
My nest egg has melted down to €900 and now I have to build it up again. Once again, the target is €10,000.
I was on vacation in Egypt from the end of September until last weekend. As always, it was super nice and just pure relaxation.
🥅 Destinations 2025:
Deposit of €10,000 and thus a custody account volume in the share portfolio of ~€73,000
Target achievement at the end of September 2025: 69.19%
How was your September?
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September is traditionally a tricky month for markets, so I went defensive at the end of August — rotating into names such as $PEP (+0,32 %)
$UNH (+0,78 %)
$CTAS (-1,35 %) Pool, and adding quality European exposures like $ASML (+1,87 %) and $ITX (+1,38 %) . My wanted to protect capital through a seasonally weak month for tech and speculative stocks.
Despite widespread expectations for a pullback, the US equity market kept moving higher in September:
S&P 500: +3.6% in September
🔹 My performance (September 2025): +2.04% for the month — not bad given my defensive tilt. That brings my YTD gain to +60%,
Looking to October: repositioning into value & beaten-down opportunities.
October has started on a stronger note for me. Already with almost 4% profir. Companies like$ABSI
$CAN (-2,44 %) and $BMNR (+5,05 %) These are higher-risk, higher-reward trades that complement the defensive core I built in late August and some at end ir september. Like GIS, ABNB, Starbucks
𝗧𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗰𝗼𝗽𝘆 𝗺𝗲 𝗼𝗻 𝗲𝗧𝗼𝗿𝗼—𝗱𝗼𝗻’𝘁 𝗺𝗶𝘀𝘀 𝘁𝗵𝗶𝘀 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗮𝗹𝗼𝗻𝗴𝘀𝗶𝗱𝗲 𝗺𝘆 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆.
😎 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: This is my personal opinion and is for informational purposes only. You should not interpret this information as financial or investment advice
On Wednesday, September 24has $CTAS (-1,35 %)
Cintas published its figures for the first quarter of the 2026 fiscal year - and delivered solid results:
Operationally strong:
Drivers of growth:
Risks at a glance:
Outlook raised:
The forecast takes into account no further share buybacks or acquisitions and and assumes stable exchange rates.
The valuation:
This shows that The share is currently fairly valued to slightly overvalued - but by no means cheap. It can therefore remain attractive for long-term investors
💡 Conclusion:
Cintas is once again delivering strong sales and earnings growth with a rising margin - a sign of efficient processes and a robust business model. The share price has risen by around 8 % since Decemberbut still not cheap. Investors can look forward to a solid quality company - but newcomers should look for a more attractive entry point.
My Youtube channel for more stock analysis: www.youtube.com/@Verstehdieaktie
A lot has happened in my portfolio again in recent weeks. In addition to a few sales (including $GOOGL (+3,9 %) and $NVDA (+2,2 %)) from hot sectors, I have built up cash and diversified further ($CMG (-0,31 %)
$SNPS, (-0,8 %)
$BRO (+1,43 %)
$AMGN (-0,79 %)
$LSEG (+0,44 %)). Further acquisitions and new entries (e.g. $INTU (+0,03 %)
$ADP (-0,12 %)
$WM (-3,53 %)
$CTAS (-1,35 %)
$RMS (+0,87 %)) are planned. As short- to medium-term trades, I have invested in $Adobe (+1,03 %) and $TTD (+3,15 %) as short to medium-term trades. I mainly invest for the long term, but a correction (technology, cloud) including sector rotation (consumer, pharma, software) seems inevitable to me. I am therefore taking a wait-and-see approach and, if necessary, I will reenter $GOOGL (+3,9 %) and $NVDA (+2,2 %) again at the appropriate time.
Please let me know what you think.
I will probably share future updates with you every two months at the beginning of the month (November, January,...).
I wish you all a successful time.
📈 Performance:
S&P500: +1.51%
MSCI World: +1.76%
DAX: +2.59%
Dividend portfolio: +4.24%
My high and low performers in August were (top/flop 3):
🟢 $UNH (+0,78 %) UnitedHealth +16.78%
🟢 $ADM (-2,38 %) Archer Daniels Midland +12.33%
🟢 $8058 (+2,09 %) Mitsubishi Corp. +12.05%
🔴 $LLY (-0,11 %) Eli Lilly -5.99%
🔴 $MSFT (+1,5 %) Microsoft -7.51%
🔴 $CTAS (-1,35 %) Cintas -9.20%
Dividends:
August 2025: €129.54
August 2024: € 101.41
Change: +27.74% 🥒
Sales:
🟥 $7974 (+1,54 %) Nintendo (6 pcs.) +100%
Purchases:
🟩 $PG (-0,75 %) Procter & Gamble (4 pcs.)
Savings plans:
What else has happened?
The tax assessment notice has arrived and the back payment has increased to 4100€. Funnily enough (typical for Germany), the advance payment is calculated on the basis of this year. As everything seems to run automatically, nobody checks whether this makes sense. In any case, the tax office assumes that I will have to pay the same amount again next year (or more) and tells me that I should pay €6500 in advance. Of course, I'm now asking for a recalculation. But that's a lot of work again, which could have been avoided if someone had just looked over it. Then they would have seen that this was a one-off. Well, what else do I expect these days.
The appointment at the garage has been arranged for the beginning of September. Let's see what else is in store for me.
I'm going on vacation at the end of September. That will be necessary again. My last vacation was last year around Christmas.
🥅 Goals for 2025:
Deposit of €10,000 and thus a deposit volume in the share portfolio of ~€73,000
Target achievement at the end of August 2025: 60.58%
How was your August?
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At the end of July, I made the decision to break up my portfolio. This is just a visual change, but it will take me back below 100,000 euros.
What did I do?
I decided to split my portfolio into three parts. Of course, as I said, this is only a visual change. But it allows me to make a somewhat more concrete evaluation.
But first, as usual, let's take a look at the S&P500:
For once, the S&P500 was up almost continuously in July. There was only a dip at the end of August. The main reason for the rise was the regulated tariffs.
In my opinion, the stock market reacts very quickly and very positively to any regulations, which, as we all know, can also be quickly discarded.
In the end, the S&P500 gained +3.97% (USD). In EUR terms, it is even up 6.1%.
Now let's move on to my new portfolio allocation. For the time being, nothing has changed in terms of positions. However, I have turned one portfolio into three or simply sorted things out.
On the one hand, of course, I have my share portfolio, which also serves as a review here.
Secondly, I have taken out my XEON. It's still running, of course, because that's the money that will be used to pay off the loan in five years' time. I don't need to keep that in retrospect.
I have also created a "pension portfolio". This contains my ETFs, which I save a total of €650 per month. This doesn't need to be included in the review either, as the savings plans are running there and there shouldn't be any changes until retirement.
What remains is my share portfolio, which contains the individual shares and gold.
As you can see, my performance is +1.45%.
The S&P500 has massively outperformed me here. At the same time, the MSCI World has also risen by 4.4%. Over the year as a whole, my portfolio is now down -1.7%, while the MSCI World is still down -2.7%. The S&P is even at -4.1%
Only the DAX is still outperforming everyone. Over the year, it is now up +17.7%.
My high and low performers in July were (top 3):
Tractor Supply ($TSCO (-0,12 %) )+15,85%
British American Tobacco ($BATS (+0,34 %) ) +15,59%
Ping An insurance ($2318 (+0,6 %) ) +13,52%
Nestlé ($NESN (-0,85 %) ) -9,32%
Nintendo ($7974 (+1,54 %) ) -11,07%
United Health ($UNH (+0,78 %) ) -16,29%
Dividends:
In July, I received €56.87 net from a total of 8 distributions.
Compared to July 2024 (€74.17), this was a reduction of 23.32%.
The difference is due to the fact that Ping An already paid in June this year.
Due to my new portfolio allocation, I have excluded the ETF dividends in each case and therefore the dividend is now of course also visually much lower. The dividends received in the bond portfolio flow 1:1 back into the ETFs.
Investments:
The bill for the car has finally arrived. It amounts to around €1200. Of course, that sets me back enormously. But the worst is yet to come.
The tax was due on 31.07. Well, I was already aware that I had to pay it. However, the sum amounts to €4,000 in arrears. But where does that come from? My old employer paid me a special payment from the old year (i.e. 2023), which was untaxed except for the pension contributions. I got away with it and of course I have to pay an enormous amount as a result. This is also deducted from my nest egg, which makes it worthwhile to have a nest egg.
This means I'm starting almost from scratch again with my nest egg. However, the inspection is due next month at the latest, including an oil change and possibly a brake change.
That would probably use up the nest egg completely. If the brakes don't need to be changed, I can also use the coffee money.
Let's see what August or September at the latest brings.
Buying and selling:
There were no sales in July either.
I added to Gladstone Invest ($GAIN (-0,49 %) ) (150 shares) and Hercules Capital ($HTGC (+1,65 %) ) (14.45 shares)
savings plans (125€ in total):
Goals 2025:
I have to change my targets slightly - together with the portfolio. Overall, the €130,000 at the end of the year will remain, but this target will of course be made smaller and the focus will only be on the dividend portfolio.
To be honest, I haven't thought about the target there yet.
Target achievement at the end of July 2025 (in relation to the €130,000): 58.33%
How was your July?
What else would be of interest or what could I do better in the review?
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Principales creadores de la semana
