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 (+2,94 %)
$KKR (+1,7 %)
$APO (+3,32 %)
$TPG (+4,06 %) .

In addition, a little $DMP (+0,87 %) by 25%.

Sales:

I made the mistake of wanting to $EVO (+3,14 %) and $CPRX (+1,82 %) 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 (+4,16 %)
$CUV (+2,16 %) - Will invest a little extra, otherwise just the 33% from sale of $CPRX. Both around 50 - 50

$SL (+4,92 %) - the same as $TISG (+9,66 %)

$KSPI (+4,49 %) - about as high as $MUM (+1,2 %)

$FIH.U (+3,72 %) - about as high as $MUM (+1,2 %)

$2GB (+4,36 %) - about as high as $MUM (+1,2 %)

$M12 (+0 %) - about as high as $MUM (+1,2 %)

$CPR (+1,38 %)
$DGE (+3,61 %)
$RI (+0,91 %) - 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?

After some back and forth, I have parted with $TISG (+9,66 %) . In my view, the sinking of one of the yachts and especially the management in the aftermath of the accident created new risks that I didn't want to take. Instead, I opened a position with $REC (+0,47 %) which I have been flirting with for some time. It's a much more defensive investment, but I don't think that's wrong in this market phase. The company's latest reports read like 1a, and I think the recent price setback is a good opportunity. In the long term, I think pharma is a solid investment anyway.

We have decided to invest in the Italian yacht builder The Italian Sea Group.

The company has recently been in the spotlight due to the British billionaire Lynch. A lawsuit is now being filed against the widow and the crew for possible damage to the company's image.

In our view, the company serves several megatrends, as its customers are primarily HNIs. It mainly builds superyachts with a length of more than 50 meters. The order volume is sufficient for the next 2 - 3 years. The company is profitable, has double-digit growth and pays a high dividend yield.

In our view, the company is also attractively valued compared to its peer group. The balance sheet is solid and debt is limited.

What do you think of the company?

Dealing with events with particular uncertainty

Hello everyone,

I would be interested to hear your opinions on how you deal with your shares when one-off events cause particular uncertainty. Specifically, it's about $TISG (+9,66 %)an Italian shipbuilder that specializes in luxury yachts. The shipwreck off the coast of Sicily with several fatalities (RIP), which was reported quite prominently in the media, occurred on a ship from their fleet. I have read up on the subject and there are probably many indications of human error and few indications of design faults on the part of the company - nevertheless, damage to the company's image or, worse still, a court case with media coverage cannot be completely ruled out. The share price has fallen slightly since then, but nothing that indicates increased nervousness on the stock market. However, I am already considering switching to the sidelines for the immediate aftermath of this sad event... in the end, I can always get back in if the previous impression that the company is not to blame is confirmed. Including order fees and taxes on the profit made so far, it will cost me a tidy €35 for an investment volume of €900. Have you ever had similar cases? How do you deal with it or would you deal with it?

I look forward to your suggestions.

Edit: My own tendency is to set a stop loss somewhere around €7.00, limited to 3-4 weeks.