(@Soprano) en getquin

3D·

In the end, you can only hope that you don't regret it. European shares in the summer sale.

Today I bought the last tranche of Carl Zeiss Meditec $AFX (+1,69 %) today. The reason is of course that I am still convinced of the company, but nobody can say how long it will be before the share comes back to life.

It could probably go down even further, but I have decided not to buy any more from now on as the position is large enough and otherwise my risk management will no longer work.

Overall, I have increased my position size from around 1% to just over 3%, which already represents a clear commitment to a German company, which is known to be particularly volatile.

The same applies to L'Oreal $OR (+1,6 %) here, too, I have finished buying with a buy-in of €365 and have reached a position size that is already approaching the 4% portfolio weighting. The shares will probably continue to fall for the time being, which I will simply have to hold on to.

I would now rather concentrate on other opportunities such as Thermo Fisher $TMO (+0,05 %) where I have already doubled down this month. Here, however, I can well imagine buying significantly more if prices fall.

It cannot be ruled out that, if the market as a whole weakens, LVMH $MC (+1,27 %) and $ASML (+0,8 %) a first purchase could take place. With the four stocks already mentioned here (+ $NOVO B (+3 %) ) mentioned here, I believe that the potential of Western European equities has already been fully exhausted.

It's just a difficult case. Europe is currently more attractive than ever before compared to the hot American market. Either you can seize the opportunity of the decade NOW and bet on a recovery of the European economy, then the champagne corks will pop here in two years' time. Or there will be a complete implosion of the European economy (and then the double-digit losses in the portfolio will be the least of our problems)

24 Comentarios

BamBamInvest@BamBamInvest

I have a similar view, if $MC and $ASML fall even further I will buy more. ✌️

•

Ver todas las 2 respuestas adicionales

Soprano@Soprano

And I have to say again that I'm really not a doomsayer or a crash prophet. It really is possible that everything will be fine again. But it is just as possible that the economy in our part of the world could go down the drain. The major European economies are not sending out good signals and, as interlinked as the companies are, this could turn into a general downward spiral. You really have to realize that the best companies in Europe (maybe with the exception of Ferrari $RACE ) are either YOY or YTD negative - and that's without any business mistakes being made. It's simply that European consumers have empty pockets and things aren't looking rosy in East Asia either. Politicians need to do more for the economy quickly than just lower interest rates. Tax relief and investment in education and infrastructure are needed, the sooner the better.

•

Ver todas las 7 respuestas adicionales

Froggo@Froggerino

I see it exactly as you do. European shares are simply undervalued in direct relation to American shares. I will gradually increase my European share.

•

Alexander Schober@alexschober_

I have sold almost my entire European sector, I just don't see any potential for the next 5 years. Especially not under a Trump administration. The EU has made itself dependent on the USA, both economically and militarily. This is going to fall on our heads, or is already doing so. The car industry in Germany has failed to catch up with China and is now starting to half-heartedly adapt its car designs to China, which nobody here wants. We haven't been competitive for a long time and that's not going to change any time soon. That's why I'm keeping my hands off Europe and am now looking at the reaction to Trump's first year in office. Something has to happen on the part of the EU, that's for sure!

•

Ver todas las 3 respuestas adicionales

Tom@Tomtom12

Lvmh will be back. Covers 10% of my portolio. This is the opportunity now folks

•

Kate@Iwanowitsch

home bias 🙁

••

Ver todas las 3 respuestas adicionales

Tenbagger2024@Tenbagger2024

$AIXA $STMPA $GFT

••

Obsidian@Obsidian

Very interesting point of view 👍🏻🙏🏻 I’m betting on a European come back, that’s probably my patriotism speaking more than my reason. But as you said, « if the European economy implose, then the double digit losses will be the least of our problems ».

In the meantime, LVMH and ASML are exposed worldwide and are leading companies in their industries, with very strong leadership. Hard to bet against that, and the current price is definitely attractive.

••

aminemeskni@Aminmeskini

You read my mind!!! They are very attractively valued compared to the American stocks. I am with ASML

••