I used part of my tax-free allowance and sold a few of my ETFs. Need some of the money for 🏡 👷‍♂️ this year anyway

Hello dear community,

I would like to hear your opinion on my portfolio. Criticism, suggestions or even positive feedback - everything is welcome.

I am planning to restructure my portfolio this year.

My aim is to further expand the core and to reduce or completely close some individual positions. Small remaining positions such as $HUT (+2,11 %) Hut 8 (up over 500 %, but only around 10 shares left) I would like to sell completely in the near future. I am also considering closing other individual stocks and reallocating the capital to the core.

Would you say sell the dividend stocks like $O (+0,82 %) , $KO (+0,84 %) and $MAIN (+0,66 %) etc. and invest in $MELI (-3,62 %) , $ISRG (-2,11 %) , $MA (-4,05 %) or e.g. $PANW (+1,1 %) which will most likely perform better over the next few years... ?!

But I would also be open to riskier stocks, so to speak high risk - high reward, which I am now also trying out with $AML (-1,09 %) for example. Bought on Friday... ☺️ (A "gamble")

Currently my core consists of $IWDA (-0,16 %) MSCI World, $EIMI (-0,94 %) MSCI EM IMI and the $TDIV (-0,48 %) VanEck ETF. With the VanEck, however, I am considering whether to keep it or switch to a $CSNDX (-0,14 %) Nasdaq 100 ETF instead - with a view to an investment horizon of around 10 years. During this period, I also plan to buy a house together with my wife. (at least that's the goal).

I also have a larger crypto portfolio, which is not deposited with GetQuin, as it is unfortunately not displayed correctly with Bitvavo here on the site. There is currently significantly more capital in crypto than in ETFs and shares. I entered the crypto market at the beginning of 2023 and had more than doubled my portfolio by the end of 2024: around €75,000 became around €175,000 at times.

However, I only realized a few profits and left the majority invested. In the meantime, the portfolio has shrunk considerably again as 2025 was really shitty for crypto (especially altcoins, of course) and is currently even in the red.

However, I assume that Bitcoin will perform better again this year and reach a new all-time high. If that happens, altcoins should also follow suit, so I hope to see decent gains there again.

Now to my questions for you:

Would you change anything about the ETF core?

$TDIV (-0,48 %) Keep it or rather switch to a Nasdaq-100 ETF? And get more return (boost)?

Which individual stocks would you rather keep and which would you rather sell?

I am 38 years old and my goal is to buy a house in the next 5-10 years.

Thank you very much and I look forward to hearing your opinions!

Greetings Chris

A brief look back:

I started investing 5 years ago (still 23 years young at the time).

At the time, I was still in the final stages of my dual studies when Corona suddenly hit.

My original plan to buy my own car was quickly changed to a loan-financed purchase.

The 17k that became available went public in April 2020. Looking back, there was probably no better time.

First learning:

The father of my current fiancée advised me to invest in 50% Msci World $IWDA (-0,16 %) and 50% Dax $DBXD (-0,32 %) to invest. This in the form of two ETFs.

Without any knowledge of the stock market, I went to my bank (Sparkasse) and told the advisor that I would like to invest in the two ETFs mentioned and open a custody account for them.

I was presented with two funds. Deka Champions and DWS Dax or something like that.

When I asked her that these were not ETFs but funds, she simply said that the benchmark was the same and that the nice saleswoman would also invest in the products mentioned.

So 10k was invested. The 3% and 4% issue and sales charges were thus paid.

Later, after I got to grips with the stock market, these were liquidated and I switched to Smart Broker for individual shares and Trade Republic for ETFs.

2nd learning what goes up can also go down:

One of my first stocks was $KO (+0,84 %) and $ALV (-0,21 %) the good $ETSY (+1,88 %) . EK was 53€ and about 1.5k was invested.

Etsy went up to 110€ and I made my first 50% partial sale ever. Etsy rose to 240€ and nothing was done on my part. Etsy sinks to 90€ and I got back in with the partial sale. Etsy was finally sold completely at 70€.

My first learning on individual stocks was followed by the second. FOMO:

Cannabis = Bevcanna Enterprise 1.5k invested 99% loss

Independent mining corp. = 1k invested sold with 60% loss.

Today I am very thankful that I only paid 2k in tuition fees. I seriously believe that it saved me from bigger losses in the following years.

3rd learning:

An investment in a pure ETF $VWRL (-0,25 %) from the beginning would have given me almost 15k more return by 2024.

I spent 2022 to 2024 reducing a difference of almost 20k, from mistakes made in 2020 and 2021, to my what if portfolio (ETF only). In 2025, however, I settled the amount for the first time to now plus minus zero through my portfolio outperformance.

4th learning:

In all this time, I have been studying the stock market in depth. I don't think I would have gone long with a pure ETF. All the non-fiction books, conferences, streams and videos have also given me a more comprehensive understanding of world events beyond the stock market. I have also made a noticeable change on the subject of money. And no, I don't turn over every penny. My savings ratio is 50% consumption / vacation and 50% retirement provision.

My latest learning:

Being debt free at 29 and having 100k gives you peace of mind. You shouldn't live your 20s in complete consumption, but you shouldn't oversleep either. My trips around the world to Asia, Central America, Europe and Africa, some with friends, some with family, have brought me more than just money.

But everyone is different. I am happy to have taken the middle path.

I have now increased my initial savings rate of €400 per month to €840. However, the €800 for vacations and consumption are just as important to me.

Thoughts on my current portfolio:

Trade Republic:

About the ETFs $IWDA (-0,16 %)
$EIMI (-0,94 %) and $XSX6 (-0,31 %) I don't have to say anything. This is my core investment.

$SGBS (+0,71 %) and $GDXJ (-0,38 %) are my way of diversifying with gold. When I added gold to my savings plan on December 31, 2024, both positions almost automatically reached the 5% weighting.

What is new $VNA (-0,28 %) . I selected these at the end of 2025 together with $O (+0,82 %) for my 10% weighting in the real estate sector. For me, Vonovia is wrongly valued too much as an interest rate bet. Fundamentally, there is a lot right with the exception of the debt. I hope for a nice turnaround and even if not just under 6% dividends are very attractive.

As my individual stocks have performed very strongly, my allocation has become unbalanced. The goal is 50% ETFs, gold, real estate, cash and 50% individual stocks.

I won't say anything about my individual shares so as not to prolong the article too much.

Except:

$ALV (-0,21 %)
$BATS (+2,1 %)
$SHEL (+2,36 %)
$GOOGL (+1,49 %) are long-term stocks

$AAPL (+0,38 %)
$BABA (+3,71 %)
$1211 (+0,84 %)
$EUZ (-0,86 %)
$AXON (+1,67 %) medium-term

$OXY (+1,15 %)
$ARM (-2,68 %)
$UNH (-1,58 %) short term bets

and unfortunately I can't get the tracking 100% correct. Getquin crashed in March, which is why only Trade Republic is displayed as the previous value and Smart Broker as the capital invested in March / April.

In addition, due to the change of custody account Sparkasse -> Smart Broker -> Smart Broker plus -> Trade Republic (Etfs sorted out) I had no power to enter everything since 2020

Happy New Year, everyone! Peter Griffin here. 🍺

New year, new luck for my portfolio. My strategy for my core ETF holding is: 90% MSCI World and 10% Emerging Markets IMI.

But when I looked in at the start of the year... damn! My emerging markets allocation was far too low and far away from 10%. The portfolio had lost ground!

So I traded directly on January 5 to get everything back on track:

👉 12x $EIMI (-0,94 %) - here I added a lot more.

👉 1x $IWDA (-0,16 %) - just a small position.

With this purchase I have increased my rebalancing and am back to my clean 90/10 allocation.

Now the whole thing looks "freakin' sweet" again.

How are you starting 2026?

Here's to a green 2026! Hehehe.

Hello dear getquin community 😊

Before I start with my review of 2025, I wanted to check in with you briefly.

I was almost completely inactive here last month. No posts, no replies, at most a 👍 and a quick skim of the content. That was simply all I could do.

The main reason was clearly time. Family comes before ❤️ and anyone who has a family knows how quickly their own resources are used up. Then there was a health incident in the family, which automatically shifted my priorities. My focus was clearly elsewhere: support, be there, help.

Another point is the issue of appreciation within the community. @Multibagger , @Tenbagger2024 and I have already discussed this recently. Many people give a lot here, investing time and energy, while real feedback, recognition and cooperation are often lacking. I would also like to see more impetus, incentives and rewards from the admin side to make commitment worthwhile. As long as there is little movement here, I will deliberately remain a little more reserved.

What many people may not know: This account is not just about me. My husband and I take care of it together 👨‍👩‍👧‍👦 He contributes a lot of work, time and knowledge, but deliberately wishes to remain anonymous. A lot of joint work goes into more complex research such as cybersecurity or batteries as an energy source. In the near future, he will support me a little more in the background, sometimes also on my behalf.

It was important for me to say that openly. The community here still means a lot to me 🤍 even if I can't always be as present as I would like to be.

Review of the year 2025 📊

I started in April 2025, very classically with ETFs. MSCI World, MSCI Emerging Markets IMI, MSCI World Small Cap and Euro Stoxx 50. A solid start to get started.

However, the market movements and general uncertainty quickly made me want to understand more. Not just to save passively, but to make my own decisions. So I started to take a closer look at companies, business models, key figures and earnings and gradually switched to stock picking.

As is so often the case, then came the learning phase 😅

At times I had over 100 positions in my portfolio. Far too many. Too confusing. Too little focus. The consequence was clear: radically reduce, even with losses, to bring structure and calm to the portfolio.

Today I have just over 50 positions and my goal is 40, which makes me feel much calmer and clearer in my head.

Current structure:

Core 61 %

Satellites 17 %

Commodities 10%

Crypto 10 %

High risk 2 %

Regions:

USA 46.5 %

Europe 25.6 %

Asia 16.3 %

Canada and Australia 7%

Crypto consists only of Bitcoin and Ethereum 4.6%

The getquin figures show a clear outperformance compared to the S&P 500 and DAX.

Honestly: This presentation feels too optimistic to me. That's why I show here my own figures, my real development and my learnings.

Top winners 2025 🏆

$IREN (+6,92 %) Iris Energy +113 % (~€ 420)

$GOOGL (+1,49 %) Alphabet +63.5 % (~€380)

$PNG (+3,57 %) Kraken Robotics +78 % (~€195)

$ASML (-0,47 %) ASML +35 % (~€110)

Losers and learning decisions 📉

$DRO (+1,69 %) DroneShield with a return of around -500 %. The position was very small, the absolute loss was around €60 with a stake of around €80-85. Extreme in percentage terms, easily manageable in real terms.

$1211 (+0,84 %) I sold BYD, although I still see the company as a strong player in the field of electromobility. The automotive sector, especially in China, is extremely competitive, the pressure on margins is high and there is hardly any real moat. In addition, there was a stock split and a lot of unrest surrounding the share. My priorities have shifted and the loss was around €50.

$AMT (+0,86 %) I sold American Tower because the company is too complex for my approach, offers little growth potential and hardly delivers any returns. It simply no longer fitted my strategy.

$1810 (-4,68 %) I sold Xiaomi based on the opinions of several China experts. One expert said very directly that he had been involved with China for years and had never made any sustainable money with Xiaomi. That was the decisive factor for me. The position was very small and a clear learning decision.

The bottom line 💡

Capital invested: approx. 12.000 €

Realized profits 2025: approx. 1.560 €

Return: approx. 13 % over about 8-9 months.

Some of the gains were deliberately realized in order to reduce the tax-free allowance for me and my husband. and my husband. This was a strategic decision at the end of the year. I let small profits run their course and closed larger positions with the plan to rebuild high-quality stocks later in a structured manner.

This puts me around 5 percentage points above the $IWDA (-0,16 %)
or $VWRL (-0,25 %) . For my first year on the stock market, I am more than satisfied 😊

Conclusion and outlook for 2026 🚀

2025 wasn't a perfect year, but it was extremely instructive. I made mistakes, learned from them and set up my portfolio in a much more structured way. I now know better what I hold and why.

I want to sharpen my focus further for 2026. Less breadth, more conviction. More time for individual companies, less actionism.

Focus 2026: these companies are at the forefront of my mind 👀

I want to sharpen my focus for 2026. Less breadth, more conviction. I am selectively expanding some positions and keeping a very close eye on others for possible entries.

$INOD (+3,28 %)
InnoData

Remains one of my clear favorites. The company is located at a crucial point in the AI value chain: data preparation, data structuring and quality assurance. Exactly where many AI projects fail or become expensive. InnoData doesn't benefit from the AI hype, but from the fact that AI simply doesn't work without clean data.

$FEIM (+1,17 %)
Frequency Electronics

Frequency Electronics is highly specialized in extremely precise time and frequency systems. This technology is critical for satellites, space, defense and modern communication systems. The barriers to entry are enormous, the development cycles long and the know-how almost irreplaceable. This is precisely what creates a strong moat. Once you are qualified, you usually remain so for years.

$HY9H (-2,58 %)
SK Hynix

SK Hynix is one of the key beneficiaries of the global AI infrastructure. Memory is currently one of the biggest bottlenecks in data centers. SK Hynix has positioned itself early and consistently and holds a very large share of the storage solutions currently most in demand. While others have to catch up, SK Hynix is already at the table. For me, this is a structural winner for the next few years.

$VST (-0,64 %)
Vistra

An energy supplier that is benefiting greatly from the rising demand for electricity. Data centers, AI applications and cloud infrastructure require enormous amounts of energy. Vistra is positioned precisely where this demand arises. Not a classic tech value, but an elementary building block of AI development.

Watchlist: possible candidates 🔍

$DSY (-1,79 %)
Dassault Systèmes

The topic of digital twins is currently becoming increasingly important. Industry, automotive, manufacturing and infrastructure are increasingly being digitally mapped, simulated and optimized. This narrative is attracting additional attention due to the fact that $NVDA (+0,47 %)
NVIDIA and $SIE (+0,94 %)
Siemens have entered into a partnership in the field of digital twins. When two such heavyweights focus specifically on this topic, it shows the strategic relevance that digital twins will have in the future. Companies whose core competence lies precisely in this area will benefit in particular. Dassault Systèmes has been deeply integrated into industrial processes here for years and, for me, is one of the clear beneficiaries of this trend.

$6506 (+4,44 %)
Yaskawa Electric

Yaskawa is a key player in the field of robotics, automation and drive technology. I find the growth potential in industrial automation and logistics particularly exciting. Rising labor costs, a shortage of skilled workers and pressure for efficiency are driving precisely these solutions. Yaskawa is benefiting directly from this trend.

$9880 (-5,25 %)
UBTECH Robotics

A Chinese company in the field of humanoid robotics. Technologically very advanced, with a strong focus on industrial and service-oriented applications. Still clearly high risk, but one of the most exciting companies when humanoid robotics makes the step from the laboratory to reality.

$PATH (-7,22 %)
UiPath

A potential comeback story for me. UiPath develops software agents and automation solutions that companies use to make processes more efficient. The customer base is large and the product is mature. If the topic of agents and AI automation comes back into focus, I see significant potential here.

$BC8 (+1,98 %)
Bechtle

A German IT service provider with substance. Bechtle benefits from digitalization, cloud conversions and increasingly also from AI projects in the SME sector. No hype, but a reliable beneficiary of long-term IT investments.

Finally, I would like to wish you all the best for the new year good health, happiness in love and good luck with your investments 🍀📈

And now I'm looking forward to your feedback 😊

I thought I'd write a few thoughts on my portfolio and why I hold these positions.

Basically:

I don't try to time the market or rebalance every week. It's more important for me to understand what I'm holding and why, so that I can relax during weaker phases.

$IWDA (-0,16 %) MSCI World

My foundation. Gives me stability and takes the pressure off having to solve everything via individual stocks.

$NVDA (+0,47 %)
$AMD (+6,39 %) NVIDIA & AMD

Clear focus on AI and computing power. High valuation, but also real demand and massive cash flows. Fluctuates strongly, but is a deliberate part of my portfolio.

$PATH (-7,22 %) UiPath

Higher risk, but also high optionality. Automation is still a long way off. Small position that can grow.

$ILMN (+1,25 %) Illumina

Heavily penalized, a lot of uncertainty, but still extremely relevant in technological terms. For me, a classic turnaround bet with patience and therefore higher weighting.

$ALB (+3,15 %) Albemarle

Cyclical, unloved, which is precisely why it is interesting. Lithium will not disappear, even if the market feels otherwise.

$TTWO (-0,54 %) Take-Two Interactive

GTA 6 is priced in.

The only question is how. Plan to hold the position tactically rather than forever.

$NOVO B (-1,41 %) Novo Nordisk

Quality. Strong growth, huge market, clear market leadership.

$ADBE (-5,03 %) Adobe

Market leader, recurring revenue, AI integration. Not a hype play, but a solid long-term business.

My plan for 2026:

Continue to invest monthly

Don't put everything into shares straight away

Use setbacks

don't sell anything just because it gets uncomfortable!

I realize that this is not a perfect portfolio.

But it's my system and I sleep soundly with it.

I would also be very happy to hear any thoughts or questions :)

I would be interested:

How are you positioned in 2026?

More defensive, more risk or just carry on as before?

Have a nice day!

Moin moin,

Lately I have been reading more and more content on the problem of fiat money. If you would like to come across it again, you are welcome to read Stefan's article. Especially at the beginning, the actual problem is discussed. Here is the link:

https://getqu.in/HvPg4I/

But now to the actual content. The problem of fiat money is not unknown, but I have always had problems finding concrete recommendations for action and have therefore had ChatGPT carry out a comprehensive analysis (with backchecking).

I set the following priorities:

• How likely is a stock market crash as a result of a loss of confidence in the fiat system? (Short-term and long-term)
• How would such a crash affect different asset classes?
• Which asset classes should be considered in order to get through such times well?

Now the answer is based on various sources + my own arrangement:

Probability of a global currency collapse

Historical perspective:

Since the end of the gold standard (Bretton Woods system) in the 1970s, all major currencies have been based on fiat money - i.e. money with no intrinsic value, backed only by trust . Historically, however, fiat currencies do not have a perfect long-term track record: in the long term, all unbacked currencies have tended to depreciate or fail. From an Austrian (economic theory) perspective, collapse is even inevitable: "History has shown that fiat money fails 100% of the time. It is only a question of time" . Some currencies only survive for years or decades, even previously stable currencies such as the pound or US dollar have lost most of their value over time. This happens because governments tend to create more and more money (e.g. to finance wars, social programs or bank bailouts) - ultimately eroding confidence in purchasing power . In short, excessive monetary expansion and debt undermine any unbacked monetary system in the long term, often resulting in high inflation or currency reforms .

Current warning signalsIn recent years, many industrialized countries have driven their debt to record levels. Global government debt is around USD 102 trillion - a historic high, driven by massive deficits even in good economic times . The major central banks (Fed, ECB, etc.) bought enormous amounts of government bonds and other securities, which greatly increased the money supply. As a result, inflation shot up to multi-decade highs in 2021-2023 (over 8% in the US and Europe). Although the Federal Reserve and ECB are now trying to counteract this (by raising interest rates), some of the damage to confidence has already been done: Global currency reserves, for example, are already diversifying away from the fiat system. Central banks bought over 1,100 tons of gold in 2022 - a record since 1967 . In 2022, 2023 and 2024, gold purchases by central banks exceeded 1,000 tons in each year, more than double the average for 2010-2021 . Remarkably, for the first time in 40 years, central banks now hold more gold than US government bonds in their reserves . This behavior of central banks shows a dwindling confidence in unlimited paper money promises - gold is seen as a stable "safe haven" without default risk . Even if no immediate collapse of the US dollar or euro is to be expected, experts speak of a creeping erosion of confidence in all major fiat currencies . Daniel Lacalle, for example, writes: "This does not mean an imminent collapse of the US dollar or a complete de-dollarization, but an undisputed loss of confidence in fiat currencies as a whole - from the euro and pound to the yen and dollar" .

"Gradually, then suddenly" - difficult to predictCurrency crashes typically occur unpredictably quickly after problems have been brewing for a long time. To paraphrase Ernest Hemingway, such crashes happen "gradually then suddenly". Imbalances (over-indebtedness, loss of confidence) often build up over years until a trigger (e.g. political crisis, interest rate shock or banking crisis) brings the house of cards crashing down. Conclusion on probability: In the short term, many analysts consider a total collapse of the world reserve currency, the US dollar, to be rather unlikely, as the dollar is still dominant and is backed by enormous economic strength. The US, for example, accounts for ~58% of global currency reserves and the majority of international trade settlements . It would take a chain of catastrophic events to completely shake this position . In fact, Investopedia emphasizes: "The collapse of the dollar remains highly unlikely. At best, higher inflation seems realistic. Important trading partners (China, Japan) do not want the dollar to collapse, as the USA is too important a sales market" . A sudden total collapse of the euro or yen is also not in line with the base scenario - the established economies have instruments at their disposal to dampen temporary crises of confidence (e.g. interest rate hikes, interventions). Nevertheless, the long-term stability of the fiat money system is fragile in the face of exponential debt. Even the major central banks are behaving as if they have to make provisions for an emergency (e.g. record gold purchases). Many experts believe we are already in the final stage of the debt and paper money cycle: "The monetary system has been in its final phase for years. Monetary reform is becoming more and more likely" . No one knows exactly when the tipping point will come - it could be years away or it could happen very quickly due to external shocks ("faster than most people think"). Investors should therefore be prepared, but not panicked.

Effects of a currency collapse on equities and traditional investments

One key question is: what happens to shares if money itself becomes questionable? After all, shares are valued in money - if money rapidly loses value, share prices seem to rise nominally to infinity, but their real value is uncertain. Historical extreme examples can help here:

• Weimar hyperinflation 1921-1923 (Germany):

During this phase, the mark lost virtually all of its value. Although share prices in paper marks rose nominally, they were unable to keep pace with inflation. In fact, German shares were dirt cheap at the height of hyperinflation: "During hyperinflation, German shares were often extremely cheap. In November 1922, Daimler's market capitalization was equivalent to the value of just 327 of its cars" . Due to the rapid devaluation of money, share prices were volatile, but tended to fall in real purchasing power. A historical share index fell from 1913 = 100 to just 2.7 points in October 1922 - a real loss in value of ~97 % . Only after currency stabilization (Rentenmark) did the stock markets recover along with the economy. Gold, on the other hand, exploded: a gold price of 170 marks/ounce in 1919 was quoted at 87 trillion marks in November 1923. Gold rose 1.8 times faster than prices - i.e. gold owners increased their purchasing power by a factor of almost 2! Those who held gold saw their assets through the hyperinflation, while cash savers were expropriated. This example shows: Shares are not perfect protection in an acute currency hyperinflation - confidence in companies can suffer, economic activity falters (recession despite inflation, so-called stagflation), and tangible assets such as gold, tangible goods or real estate are temporarily valued more highly than company shares.

• Currency reform in 1948 (Germany):

The Reichsmark was converted to the D-Mark overnight. Monetary assets lost massive amounts of value - bank deposits were converted at a ratio of 10:1, later even 100:6.5 by law (corresponds to ~93.5 % devaluation of savings). Nominal claims of all kinds (savings, bonds, insurance policies) were the big losers; savers and creditors were effectively expropriated. Shares and tangible assets, on the other hand, proved to be relatively robust: although shareholders had little joy in the short term - in the chaotic first post-war years there were hardly any dividends and share prices were low - shares participated in Germany's "economic miracle" after the reform. In the long term, company values rose sharply, so share owners more than recouped their losses. Real estate retained substantial value, but was subject to special levies (equalization of burdens: 50 % compulsory mortgage on real estate assets over DM 5,000). Nevertheless, real estate remained a real asset - houses and land were still in demand (living space, use). However, gold owners were the biggest winners: gold was converted into the new currency very quickly after the reform and a profit of 1,438 % was realized. By comparison, savings account holders lost ~95.5 % . Precious metals therefore offered the best value retention in this currency crisis.

Lessons for stocks and bondsFrom such cases it can be deduced: Although shares embody productive capital and tangible assets (machines, patents, etc.), share prices can temporarily suffer greatly in an acute currency and confidence crisis. When the population is struggling to survive and monetary chaos reigns, there is a lack of "speculative capital" for shares. Companies can also suffer operationally as a result of the crisis (collapse of trade, payment system), which jeopardizes their substance. Good shares (robust companies, possibly with foreign business) nevertheless retain a residual value - after the reorganization of money, they can flourish. So those who own solid shares and are able to weather the crisis have historically often been in an advantageous position after the reset. Bonds and bank deposits, on the other hand, are extremely risky in such a scenario: they are nominal claims in the old currency - if this is devalued or reformed, the claims are virtually worthless . In Weimar Germany, for example, a 20-year life insurance policy ended up being worth only the equivalent of a loaf of bread. Government bonds and savings books were also brutally devalued in 1948. The same applies to cash: Anyone holding large amounts of physical money can lose everything in the event of hyperinflation - cash tends towards zero, as the famous image of the wheelbarrow full of worthless banknotes shows.

Conclusion:

Real assets (including shares) beat nominal investments in the long term, but nothing is immune to losses in the short term. Equities can temporarily collapse dramatically (in real terms) before a new currency or stabilization takes effect. Bonds, savings and insurance claims would be the worst off in a real currency collapse - virtually certain loss as they are denominated in old money. Equities would have a good chance of appreciating again at some point, but you would have to have the patience and liquidity to get through this phase. Land/real estate retains intrinsic value (utility value, scarcity), but could be subject to government levies . Precious metals have historically proved to be an immediate value saver - they often rise steeply in value in parallel with currency devaluation and can be easily exchanged for the new currency after the crisis

Asset classes in the event of a crisis - what protects value and enables profit?

In view of the above findings, the practical question arises: How do you invest to protect or even increase assets in a potential fiat collapse? - Here are some asset classes and their suitability:

• Gold and silver (precious metals): These classic crisis currencies have historically been the most reliable stores of value. In almost every currency crisis in recent centuries, gold has at least held its value and often outperformed the rate of inflation. Central banks themselves trust gold (see the huge purchases in 2022-24) - a clear signal. Gold has no counterparty risk, cannot be multiplied at will and is accepted worldwide. Silver is similar to gold, but fluctuates more. Kiyosaki, for example, calls silver "the best and safest" and predicts sharply rising prices.

Disadvantage: Precious metals do not generate any regular income. In stable times, they can lag behind productive capital. But they shine during systemic crises: in 1948, for example, the value of gold in Germany rose by over 1400% and during the Weimar inflation it rose faster than all prices. Tip: Physical gold/silver (coins, bars) is preferable to bank deposits, as it can be held outside the financial system in extreme cases. However, storage/security should also be considered.

• Shares (company holdings)Shares should not be written off despite all the short-term risks. They represent real assets - factories, technologies, brands - that can outlast a new beginning. If diversified (across different sectors and countries), equities offer potential inflation protection, as companies can adjust prices and own real assets. Defensive or global companies in particular could come through a currency crisis better. Investopedia recommends as a hedge, for example, shares of companies with large international business or commodity exposure. These have income in hard foreign currencies or from rising commodity prices. Please note: In an acute crisis, stock exchanges could close or capital controls could be introduced. Equities should therefore be seen more as a long-term component: Anyone holding quality shares today has a good chance of these values being representative again in the new money after a currency reform (as they were after 1948, when shares became the foundation of the new upswing ). However, dividend losses and price volatility must be taken into account. Short strategies before the crash (e.g. short selling or put options on indices) may offer short-term profit opportunities, but these are risky and sensitive to timing - more for professionals. For the average investor, it is more a case of holding solid shares, not investing too much in credit (avoid leverage, as debt can be dangerous in a crisis) and being able to sit out lean periods.

• Real estate and tangible assetsReal assets in general are to be preferred, as they have an intrinsic value outside the monetary system. Real estate, for example, offers utility value (housing, agriculture) and has limited availability. In currency crises, real estate prices tend to rise in real terms or at least maintain their value. However, the state can intervene here (equalization of burdens, compulsory mortgages - as happened in 1948). Real estate is also illiquid: it cannot be sold or divided quickly in an emergency, and transactions could be frozen. Nevertheless, a debt-free house or piece of land retains a tangible substance, which is particularly reassuring when paper money is falling apart. In addition to real estate, other tangible assets such as art, precious stones, antiques, infrastructure (e.g. stakes in utilities) etc. also count - they could all increase in value if money is devalued. But these markets are often specialized and less liquid.

• Commodities and resourcesIn addition to gold/silver, other commodities should also be mentioned. Oil, gas, industrial metals, agricultural commodities - these are all real things that will always have value. It is difficult to directly store barrels of oil or tons of copper, but you can invest in commodity ETFs, mining stocks or commodity funds. In a currency devaluation, commodity prices (in the devalued currency) tend to rise sharply. So if you hold shares in a gold mining company, an oil producer or an agricultural land fund, for example, you indirectly own an inflation-resistant asset. The same applies here: volatile in the short term, real value in the long term.

• Cryptocurrencies (Bitcoin & Co.)A modern alternative are decentralized cryptocurrencies, above all Bitcoin. These are considered by some to be "digital gold" - with a limited quantity (BTC maximum 21 million) and independent of central banks. Crypto has shown mixed results in recent crises (e.g. Turkey, Venezuela) - some value preservation, some strong fluctuations. However, Kiyosaki explicitly recommends Bitcoin and Ethereum alongside gold and silver to protect against the big crash. The attraction lies in the fact that cryptocurrencies exist outside the fiat system; they are not subject to currency reform by the government. So if trust and liquidity were to flee into the crypto system, coins could rapidly increase in value. However, they are still too volatile to be considered a safe haven and their success depends on enough people actually using them in an emergency. It is more of a speculative addition than a safe haven like gold. Nevertheless, in the wake of fiat skepticism, institutional investors are also increasingly turning to cryptocurrencies. In an "everything is broken" scenario, Bitcoin could indeed gain in importance - or be stopped by governments. Opinions differ here, so a moderate allocation would be advisable.

• Cash (fiat) and bonds: These should be kept as low as possible in a crisis scenario. Cash is guaranteed to lose value during inflation; in the event of a collapse, it could become worthless or be forcibly exchanged (as in 1948). A small reserve in cash can be useful if banks close at short notice - but this should really only be a nest egg (and possibly split into different currencies if one of them remains more stable). Government and corporate bonds in your own currency are highly vulnerable - they would either be devalued by inflation or forcibly converted in the event of currency reform (with creditor losses). Even inflation-indexed bonds (TIPS etc.) do not help in the event of hyperinflation, as the debtor could default or the indexation could lag behind the actual currency devaluation. Foreign currency bonds could be better (e.g. Swiss franc, if it remains stable), but in a global crash this is not a safe haven, but at best a relative play. Conclusion: avoid nominal values.

I don't see the current situation as overly dramatic, but everyone should be aware of this problem to some extent.

Have a nice day ✌️

$IWDA (-0,16 %)
$SSLN (+7,17 %)
$CSPX (-0,21 %)

Here's my current portfolio for the start of the new year 😅 I've made a few new purchases to start with $NFLX (+2,26 %)
$META (-2 %) and I also dare the $NOVO B (-1,41 %) gamble 🙈

200 each month in $CSNDX (-0,14 %) and $IWDA (-0,16 %)

Otherwise I buy individual stocks that I am convinced of when I have a few pennies left over 😬 With Novo and Metaplanet I still have a small gamble with me😬

Hello everyone,

after almost 1 1/2 years as a silent partner on gq, I have decided to have my portfolio taken apart 😋

A few words about me and then about my portfolio.

I am 31 years old, live with my girlfriend and our 4-month-old son in the heart of Bavaria in our small home.

My girlfriend and I both work as employees in an automobile company. (She is currently on parental leave, of course)

About my portfolio.

I started my investment career with physical precious metals and shortly afterwards with cryptos.

When it came to cryptos, I got carried away by friends, I didn't know my way around them back then (I probably wouldn't take such a risk today). Fortunately, this turned out to be a good thing in hindsight.

A good three years ago, I added the first of what are now three portfolios with different strategies.

Depot (presumably for retirement)

$IWDA (-0,16 %) / $MEUD (-0,33 %) / $CSPX (-0,21 %) / $EXS1 (-0,36 %) / $EIMI (-0,94 %) / $WSML (-0,36 %)

2.dividend deposit (for cash flow as a reward on the joint account)

$HMWO (-0,31 %) / $ISPA (-0,34 %) / $TDIV (-0,48 %) / $VFEM (-1,03 %)

3.JuniorDepot

$VHYG (-0,3 %) / $VWRL (-0,25 %) as an accumulator.

Both ETFs are being saved in because the grandparents are financing one of them and I would like to keep them separate and not open an extra custody account.

All custody accounts are saved monthly.

So much for me and my portolio.

I would be very happy to receive any criticism, suggestions for improvement or similar and wish everyone happy holidays ✌🏻