Puestos
258$MPW (+1,92 %) bought more this morning - position is now 2.3% of the portfolio.
Currently 8% dividend yield, in the medium term I see good potential for rising dividends and also a normalization of the share price. I have high hopes for this position :-)
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 (-0,1 %) 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 (+2,01 %) 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 (+3,39 %) 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?
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 (+1,92 %) or $YOU (+0,31 %). So I wasn't quite all grown up after all.
And then came Kellogg's $K (-0,77 %). 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/
$MPW (+1,92 %) Hello everyone, there was good news from MPW today. After the rather sobering figures and the very tight earnings call yesterday - the biggest concern was probably the lack of rents from Prospekt, the next shaky candidate among MPW's tenants - there was top news today: Astrana Health has signed a binding purchase agreement for a large part of the PHP managed care platform. 745 million dollars in total, of which 200 will go to MPW and around 500 will presumably benefit prospects. The implications are, besides the foreseeable cash windfall for MPW, a stabilization of prospect (possibly also the payment of back rent to MPW in the near future) as well as a strengthening of prospect in its current legal dispute with Yale. Yale has already agreed to buy the remaining php shares and has been refusing to pay the full price for some time. A court decision could come as early as December and now with astrana's acquisition of the remaining shares, has some momentum for prospects who can point to willing market participants at around current prices. For MPW, some of the weakest tenants (steward/prospect) are thus stabilized or out and the company expects at least 50% of the rents from the former steward portfolio from 2025. In 2026 (with full rent from the former Steward), the current RE portfolio will generate around one billion in rent per year (stated in the earnings call), after which MPW can start expanding the portfolio again. The positive outlook is apparently shared: MPW has recently announced two major investors who have each bought 5% of the shares and have declared no intentions to influence the company. MPW is and remains not for the faint-hearted, but I am looking forward to a good recovery here.
$MPW (+1,92 %) publishes Q3 earnings today. The problems surrounding Steward's bankruptcy are being worked through step by step, the company is not yet through and write-downs are being carried out again for accounting purposes. The name Prospect has also reappeared - so there is still light and shade.
The share price is reacting very negatively for the time being, but fundamentally there is no change in my view. We will probably have to wait until mid/end 2025 if we want to see stable business again. But that's nothing new.
$MPW (+1,92 %) has probably reached a significant deal with Steward to settle the insolvency issues, and this was also approved by the court yesterday. The share price is really soaring today - has the knot now burst?
$MPW (+1,92 %) Last night, the dividend for the current quarter. 0,08$ for each share held on September 9. This is based on the bank's covenants, which were renegotiated for the further course of the steward bankruptcy. Anyone following this process could already smell the $0.08, as there was friction between the debtors, MPW and Steward this week, which had already been brewing. Yesterday, among other things, there was an emergency meeting of the insolvency court to calm the waters. With regard to the dividend, it should be noted that no adjustment
of the cash allocation strategy has been announced. The final dividend of the year therefore depends on the balance sheet and may be related to a non-cash component if the REIT requirement is not met by a .08 dividend. In the future, the amount of the cash component will continue to depend on the covenants. As soon as these are no longer necessary for Steward, the dividend should return to the generously covered 0.15 of the last quarters.
$MPW (+1,92 %)
2 News about MPW:
1. MPW has 11 emergency departments in Colorado for 86 million dollars. Original investment of 64 mil and thus about 6% annual return. Not bad, brings liquidity and strengthens the business model.
2. And this is more interesting: there is a "stalking horse bid" for some steward assets in Florida. No price has been announced yet and there was no doubt that these stronger assets would find buyers anyway. The interesting aspect is that the assets include the medical group practices north Florida should be included in the assets. As I understand it, these are part of the supposedly so valuable stewardship systemwhich was recently sold for a (somewhat disappointing) 245 million dollars. If I understand this correctly, this sale sale (245 mil) may only include the stewardship shares in Massachusetts. This would be very good news and would mean more lucrative sales in Stewards c11 - it remains exciting! Let me know if anyone has a better understanding of the stewardship/mpg nf relationship 👍🏻
Principales creadores de la semana
