Hi everyone,

I started last year and would like to hear your opinions on my portfolio.

I currently have savings plans in:

$GOOGL (+0,67 %)

$MSFT (+0,41 %)

$AMZN (+0,63 %)

$META (+0,4 %)

$VWCE (+0,47 %)

I am thinking about whether I should $1810 (+0,31 %) to follow up. I'm basically convinced by the brand.

Cheers

Andi

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 (+0,62 %) Iris Energy +113 % (~€ 420)

$GOOGL (+0,67 %) Alphabet +63.5 % (~€380)

$PNG (+2,75 %) Kraken Robotics +78 % (~€195)

$ASML (+4,9 %) ASML +35 % (~€110)

Losers and learning decisions 📉

$DRO (+4,99 %) 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 (+2,04 %) 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 (+0,17 %) 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 (+0,31 %) 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 (+0,44 %)
or $VWRL (+0,47 %) . 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 (+1,06 %)
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 (-0,2 %)
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 (+1,05 %)
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 (+1,24 %)
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 (-0,04 %)
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 (+1,17 %)
NVIDIA and $SIE (+0,08 %)
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 (-0,14 %)
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 (+1,6 %)
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 (+0,53 %)
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 (-0,48 %)
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 have liquidated a few positions for a long time to be a little more flexible :)

I also bought some more $1810 (+0,31 %)

See the decline of Ath too big, as they are not only in the automotive industry, but also a lot in the smartphone, like smarthome area :)

What do you think?

Let's see what happens...

Hi folks,

I'm about to make a major strategic change to my portfolio this month. I have cracked the €120,000 mark 🎉 and have taken this as an opportunity to weatherproof my allocation for the coming years.

Here is my roadmap:

1. the tax "life hack": FIFO optimization 💡

I stop my previous core ETFs ($VHVG (+0,55 %) , $MEUD (-0,16 %) , $EXCH (+1,25 %) ) and leave them untouched. Why? In Germany, the FIFO principle (First-In-First-Out) applies. By saving new ISINs from now on (MSCI World ex-USA, NASDAQ 100 & MSCI EM), I "protect" my old shares with the high book profits. Later, I can sell the younger tranches first with less profit and massively defer the tax burden.

2nd core update: USA cap & EM limits 🌍

From now on, my core (approx. 74% of the portfolio) will be re-saved with €280 per month. I love US performance, but don't want any bulk risk:

USA cap: maximum 55% in the core.

Emerging markets: cap at 10%

3. satellite & venture: my high-conviction stocks

This area should make up 20% of my portfolio. Here I invest €400-600 per month in themes that I absolutely believe in. Currently in focus:

Cloudflare ($NET (+0,2 %) ): Infrastructure & cybersecurity are the basis of everything for me.

Siemens Energy ($ENR (+1,5 %) ): My play on the energy transition and grid expansion.

Hims & Hers ($HIMS) (+0,67 %)Exciting disruptor in the telehealth sector.

Tech from the Far East: With Xiaomi ($1810 (+0,31 %) ) and CATL ($3750 (+0,56 %) ) I cover important future markets.

Coinbase $COIN (-1,51 %) complements my direct Bitcoin holdings (target: 3.5% crypto share of the overall portfolio).

Other additional stocks are $NBIS (+1,72 %) , $000660 and $RKLB (-0,96 %)

4. the big goal: retirement in 2054 🏁 or perhaps even earlier

The math is done: I am aiming for a final capital of around € 780,000 by 2054. With a sustainable withdrawal rate of 4%, this will give me a monthly pension of around €2,600 without having to deplete the capital stock in the long term, thus closing my pension gap. It should be mentioned in the calculation that I calculate with a 5% return per year instead of the expected long-term return of 7-8% and therefore include a safety factor.

The whole thing is rounded off with a 3% share of gold (Euwax Gold II) and 17% bonds as a safety anchor.

What do you think of the FIFO tactic? Do you also use different ISINs for the same market in order to remain flexible in terms of tax, or is that too much "portfolio messing around" for you? 😉 And what do you think of my selection in the venture sector?

Mutares SE & Co. KGaA $MUX (+0,29 %) has successfully completed the acquisition of a majority stake of 67% in Hwaseung Special Rubber (Taicang) Co., Ltd. and Hwaseung Auto Parts (Taicang) Co., Ltd. from the listed Korean Hwaseung Corporation.

The target companies are known for their essential rubber sealing and hose products, which they supply to well-known automobile manufacturers such as GM $GM (-0,26 %), VW $VOW (-0,91 %)
$VOW3 (-1,11 %)Hyundai, Kia and Xiaomi $1810 (+0,31 %) .

With two state-of-the-art production facilities and around 600 employees, the companies have a turnover of almost EUR 100 million. HSR and HST are an ideal fit for Amaneo's China business and create significant synergies in the value chain, especially through the integration with Mutares' existing rubber components and air conditioning tubing businesses.

This will enable cost benefits, operational efficiencies and a strengthened competitive position in the world's most dynamic automotive market.

Mutares' expansion in the Chinese automotive sector strengthens its position as an operational leader in the Automotive & Mobility segment, extends the Group's track record and opens up new opportunities for cooperation with leading Asian and international OEMs.

The decision of a prominent Korean-listed seller to enter into such a transaction with Mutares reflects the Group's global position as a reliable and value-creating owner with a proven track record of operational excellence, transformation and sustainable growth.

Xiaomi share presentation my deep dive (20th points) 🚗📱💻📷⚡️💡🇨🇳

$1810 (+0,31 %)

@EpsEra
@Multibagger
@Tenbagger2024

Foreword

Demand and interest in Xiaomi has increased significantly in recent months. The company is no longer just a smartphone manufacturer, but is building a broad technology and product ecosystem that covers many areas of our everyday lives.

It is precisely for this reason that I have set myself the task of analyzing Xiaomi in detail and introducing the company to you in a deep dive. I am not only interested in the financial side, but also in the quality of the products, the business model and the long-term strategy.

At the end of this analysis, I am particularly looking forward to your opinion on Xiaomi.

👀 Personal observation in advance

(Important to mention)

What I've noticed in particular recently is the increasing attention surrounding Xiaomi's entry into the automotive sector.

One example of this is a video by JP, one of the best-known German car experts in the tuning and performance sector. In his video, he is very positive about Xiaomi's vehicles and emphasizes the high quality, the technical innovations and the strong overall package of the cars.

This is interesting, as praise from this corner is not a matter of course and shows that Xiaomi is also taken seriously outside the traditional tech and smartphone world.

It is precisely this combination of technology, innovation and growing perception outside the tech bubble that makes Xiaomi an exciting object of analysis for me.

📊 1. key data, business model & key figures

1.1 Key data - Xiaomi Corporation

Company name:

Xiaomi Corporation

Founding year:

April 06, 2010

CEO / Chairman:

Lei Jun (Founder, Chairman & CEO)

Initial public offering:

July 09, 2018

Hong Kong Stock Exchange

Ticker: 1810.HK

Head office:

Beijing (Haidian District), China

ISIN:

KYG9830T1067

Employees:

approx. 43,000 - 46,000 (as of 2025)

1.2 Business model - Xiaomi Corporation

What does Xiaomi do?

Xiaomi is a global technology company with a focus on smartphones, connected devices (AIoT), software services and, more recently, electric vehicles. The company combines hardware with software and services in its own ecosystem.

How does Xiaomi earn money?

Xiaomi generates its revenue through several business areas:

Smartphones

The biggest revenue driver. Sales of smartphones in various price categories - from entry-level devices to the premium segment.

AIoT and lifestyle products

These include smart TVs, wearables, smart home devices, household appliances, routers, scooters and other networked products.

Internet services

Revenue from advertising, apps, games, subscriptions and software services. This area has the highest margins.

Smart EV and new initiatives

Electric vehicles (e.g. Xiaomi SU7), software platforms, chips and new technologies. Currently still investment-intensive.

Sales distribution (approximate):

Smartphones: around 50-55%

AIoT & Lifestyle: around 25-30%

Internet services: around 10-15%

EV & new initiatives: currently under 10 %, growing strongly

Where does Xiaomi sell its products?

China (domestic market)

India (one of the largest foreign markets)

Europe (strong in Germany, Spain, Italy)

Southeast Asia, Latin America, Africa

Recurring revenue?

Yes, mainly through internet services, advertising, software, cloud and platform services within the Xiaomi ecosystem.

Why could Xiaomi benefit?

Growing demand for connected devices

Expansion of the service business with high margins

Premiumization of smartphones

EV market as a long-term option

Strong ecosystem and brand loyalty

1.3 Key data - Xiaomi Corporation (as at 2024 / 2025)

Country: China

Industry: Technology (consumer electronics, AIoT, software, electromobility)

Market capitalization: approx. USD 80-90 billion

Turnover 2024: approx. CNY 365 billion (around USD 50 billion)

Earnings (net profit 2024): approx. CNY 23-24 billion

Free cash flow: positive (several billion USD, fluctuating due to EV investments)

Cash and cash equivalents: high double-digit billion amount in CNY

Debt: moderate, well covered by cash

Balance sheet quality: solid equity ratio, no over-indebtedness

📈 2. assessment through apps / scores

Note: I cannot call up specific current Traderfox scores etc. in real time, but a qualitative assessment can be made based on growth, profitability and valuation:

🔹 Quality: strong market position, diversified business, regular profits

🔹 Growth: Strong sales & profit growth 2024-2025

🔹 Valuation: Based on industry indicators, often moderate to high P/E ratio (depending on market environment)

→ Overall, a score in the upper-medium quality and growth range is likely.

3rd valuation - Xiaomi Corporation (detailed, without table)

P/E RATIO (TTM):

approx. 30-35

→ Reflects strong growth, but no extreme hype

P/E ratio (forward P/E ratio):

approx. 20-23

→ significant profit increases expected

P/E ratio (price-to-sales):

approx. 2.0-2.3

→ Cheaper than many US tech companies

KCV (price-to-free cash flow):

approx. 18-22

→ solid, EV investments are a burden in the short term

PEG ratio:

approx. 0.9-1.1

→ Valuation fair in relation to growth

FCF yield:

approx. 4-5%

→ Decent for a growth company

Owner earnings:

positive and rising

P/E ratio history:

2021 very high (hype phase)

2022 significant decline

2023-2024 normalization

2025e Forward P/E ratio significantly lower

Valuation compared to the industry:

Cheaper than Apple

More expensive than traditional hardware manufacturers

Valuation reflects mix of hardware + services

Safety margin:

Available if service business continues to grow and EV losses remain controlled

📉 4. chart analysis (basics)

Since I cannot display charts live, here are the critical points:

✔ Support levels - Observe 50/100/200-day averages ✔

✔ Trend structure - Whether higher highs / higher lows are recognizable ✔

✔ Momentum indicators - consider RSI, MACD for timing ✔

✔ Volume - analyze confirmation of demand during breakouts

Charts are tools, not a buying decision.

🛡️ 5. moat

Strengths

✅ Strong global brand & large user base

✅ Integrated ecosystem (HyperOS + AIoT)

✅ Good profitability in core areas

✅ Strong growth in IoT & services

Weaknesses / risks

❌ Relatively low margins compared to pure software/fortune techs

EV business still investment- and capital-intensive

❌ Intense competition (Apple, Samsung, Huawei, Oppo)

❌ Geopolitical risks in foreign markets

Cash & debt

Balance sheet data show solid equity ratio (~47%), no high debt, but investments in EV increase capital requirements.

🏁 6. market & competition

Market size & growth

📌 Smartphone & AIoT market continues to grow globally

EV market growing rapidly (strong new competitive area)

Main competitors

• Apple, Samsung (smartphones)
• Huawei, Oppo, Vivo (China / APAC)
• Tesla, BYD (EV)
• Amazon / Google (IoT / services)

Competitive advantages

✔ Strong price/performance ratio ✔ Fast-growing AIoT ecosystem

✔ Strong position in China & India

👥 7th customers & users

✔ Billion-strong installed base ✔

✔ Increasing proportion of multiple networked devices per user ✔

✔ High customer satisfaction with price-performance ratio ✔

Regional data varies, but global user growth visible

📉 8. capital structure & share policy

✔ Number of shares: Stable (~25 billion shares)

✔ Buybacks: occasional, not core policy

✔ No dividend: Focus on growth & reinvestment

🎯 9. goals & management track record

Mission & goals

👉 Expansion in EV market, expansion of international presence, AI integration

👉 Focus on premium segment & networked ecosystem

Track record

✔ Sales & profit growth

✔ Global market shares → Top position for smartphones

🧠 Management quality: Lei Jun is considered an experienced tech founder; clear focus on technology and growth

📈 10. TURNOVER & GROWTH (SEPARATE & DETAILED)

10.1 Turnover development

• 2023 → 2024: strong comeback
• 2025: double-digit growth expected
• Growth driver:
• Smartphones (premium segment)
• AIoT
• Internet services
• EV segment (still small, but growing)

10.2 Service growth

• Highest margins
• Recurring revenues
• Important lever for long-term valuation

10.3 Organic vs. acquisition

• Growth predominantly organic
• Focus on platform effects

10.4 Pricing power

• Premium devices → yes
• Low-end → limited
• ➡ Mix improves

💰 11. PROFIT (VERY DETAILED)

11.1 Sources of profit

• Services = highly profitable
• Smartphones = volume-driven
• EV = currently loss-making

11.2 Cost structure

• High R&D expenditure
• Efficient marketing
• Economies of scale visible

11.3 Appropriation of profits

• Reinvestment
• AI, chips, EV
• Long-term focus

11.4 Quarterly patterns

• Q4 traditionally strong
• Margins fluctuate → hardware cycles

12 Margins - Xiaomi Corporation

Gross margin:

approx. 21-23 %

Net margin:

approx. 5-7 %

Profit margin:

moderate, but stable

Free cash flow margin:

approx. 6-8 %

Margin development:

Stable to slightly increasing

Internet services improve the overall margin

EV segment depressed in the short term

ROIC (Return on Invested Capital):

over 10 %

ROE (Return on Equity):

approx. 15 %

ROIC > WACC:

Yes

→ Xiaomi creates long-term value

💸 13TH CASHFLOW

• Free cash flow: positive
• Operating cash flow strong
• EV investments depress short-term

📌 Cash flow = reality

• No aggressive balance sheet
• No cash burn scenario

🧠 14. MANAGEMENT / CEO (IN DETAIL)

Lei Jun - Founder & CEO

Background

• founder
• Tech visionary
• Long-term oriented
• Comparable to Steve Jobs (China version)

Strengths

✔ Clear vision

✔ Focus on product & users

✔ Long-term decisions

✔ No short-term actionism

Communication

• Transparent
• Goal-oriented
• No buzzwords

Capital allocation

• Reinvested instead of dividends
• EV bet conscious & communicated
• No excessive debt build-up

🟢 Management quality: High

📅 15. forecasts

📈 Analysts expect further sales & EPS growth.

More precise figures dependent on quarterly guidance (next figures expected on 19.08.2025).

📰 16th News (2025 Highlights)

🗞️ Q1 2025 Record turnover & record profit 📈

🗞️ Expansion EV target 350 k vehicles & plans abroad 🚗

🗞️ Strong growth in services & IoT 📊

17. quarterly reports, quarterly figures, conference calls & letters to shareholders

17.1 What should you pay particular attention to with Xiaomi?

Quarterly reports are particularly important for Xiaomi as the company has several very different business segments. It is not only the total turnover that is decisive, but also where the growth comes from and which segments are profitable.

Important focus points:

• Sales growth by segment (smartphones, AIoT, services, EV)
• Development of margins
• Cash flow and investments
• Statements on the EV business
• Tone and clarity of management

17.2 Key statements from the last quarterly reports

Turnover & growth

Xiaomi has recorded significant sales growth in recent quarters. Growth was particularly strong:

• the smartphone business (especially premium models)
• the AIoT segment
• the internet services

Growth is not only driven by volume, but also increasingly by higher-quality, higher-priced products.

Margins

Xiaomi regularly emphasizes this in its reports:

• stable gross margins despite competitive pressure
• increasing contribution of Internet services to the overall margin
• short-term margin pressure due to EV investments, which is consciously accepted

Important:

Management openly communicates that the EV segment is currently not optimized for profitability, but for market share and technology development.

Cash flow & investments

• Operating cash flow remains positive
• High investments in research and development
• EV investments are the largest cash consumer
• No indications of liquidity problems

Management emphasizes that Xiaomi:

• has sufficient cash reserves
• can finance the EV business in the long term
• does not plan aggressive debt

17.3 Conference calls - tone & communication

Tone of management

The tone in the conference calls is:

• objective
• transparent
• long-term oriented
• few marketing buzzwords

Lei Jun and the management:

• avoid unrealistic promises
• speak openly about risks
• explain weaknesses clearly

Important statements from the calls

• Focus on premium smartphones instead of pure volume
• Expansion of the ecosystem (more devices per user)
• Internet services as a central margin lever
• EV segment as a strategic pillar for the future, not as a short-term profit driver

17.4 Guidance & outlook

Xiaomi traditionally does not provide extremely detailed guidance, but clear qualitative statements:

• Further sales growth expected
• Services to grow faster than hardware
• Margins to remain stable or increase slightly
• EV production will be gradually ramped up
• International growth remains focus

The guidance is working:

• realistic
• not exaggerated
• consistent with previous statements

17.5 Letters to shareholders - what is emphasized?

In shareholder letters, Xiaomi places particular emphasis on:

• long-term strategy
• technological development
• user loyalty
• ecosystem thinking

Frequent key messages:

• Quality before short-term profit
• User experience as a key competitive advantage
• Patience required in the EV business

17.6 Goals vs. implementation (very important)

Xiaomi can look back on a good track record:

• Announced product strategies were implemented
• Expansion of the ecosystem proceeded as planned
• Market shares were gained in important regions

Mini-rating:

🎯 Target achievement (track record)

Previous targets achieved: ☑ Yes

Deviations explained: ☑ Yes

Management credible: ☑ High

Evaluation of objectives:

☑ Clear & measurable

☑ Realistic

☑ Consistent

☑ Well implemented so far

17.7 Overall assessment point 17

✔ Quarterly reports transparent

✔ Conference calls informative

✔ Management communicates honestly

✔ Focus on long-term value creation

✔ No "whitewashing"

🚨 18th risks

⚠ Geopolitics & regulations (China)

⚠ Fierce competition

⚠ High investments in the EV segment

🧾 19. CONCLUSION / RESULT

Investment assessment:

☑ Buy (long-term)

☐ Watch

☐ Too expensive

☐ Too risky

Why?

✔ Strong ecosystem

✔ Growing services

EV as an option, not an obligation

✔ Fair valuation

⚠ Risks remain (China, competition, EV)

⚖️ 20. WEIGHTING IN THE PORTFOLIO

Risk/reward ratio:

Good

Recommended weighting:

Depending on the investor's wishes and convictions

❌ No all-in

❌ No short term trade

Final question for the community:

How do you view Chinese equities in general, especially with regard to geopolitical risks, regulatory intervention and the political environment?

Are these risks a no-go for you or do you rather see opportunities through lower valuations?

I look forward to hearing your views.

Hello everyone,

I want to add a Japanese satellite to my portfolio. In future, my setup will consist of 75% core ($FWRG (+0,5 %)
$EQQQ (+0,79 %)
$EWG2 (-0,52 %)
$BTC (-0,2 %)) and 25 % satellites (e.g. $NOVO B (-1,77 %)
$ASML (+4,9 %)
$1810 (+0,31 %)
$LMND (+0,06 %)
$IREN (+0,62 %)
$HIMS (+0,67 %)
$601318).

After I have $6920 Lasertec and $3350 (-0,59 %) Metaplanet, the decision was made in favor of $6861 (+1,75 %) Keyence.

For me, it's the ideal quality anchor to balance out the volatility of my crypto bets (Irish/BTC) without sacrificing massive growth potential.

How do you currently see Japan? Are you more interested in chip stocks like Lasertec or quality machines like Keyence? 👇

November was once again a classic "rollercoaster month" - with a fortunately positive outcome. We started with a portfolio performance of -3% and then rose to +5% in the middle, then fell again to -2% and closed the month with around +8%! For the portfolio, this means that we have reached a new all-time high! 👍🏼

Start: 1,148,200 euros

End: 1,253,497 euros + 19,000 cash

Deposit: 30,000 euros

Profit: +94,297 euros (+8.2%)

Once again this month (as in October), my two gold positions were mainly responsible for the volatility, as they now account for 44% of my portfolio - but hey, I'm still convinced that there's a lot of potential in these stocks. So the rollercoaster will continue... 🎢

One of my less heavily weighted mining stocks, $SCZ (-2,79 %) SantaCruz Silver Mining, I sold completely on Friday after disappointing quarterly figures. Although the share is being driven by the strong silver price, this can quickly go in the other direction if the support falls away. The bottom line was a gain of +12% after only 6 weeks. We can be satisfied with that. I only have a total of 4 mines left in my portfolio: $KNT (-1,72 %)
$EQX (-0,26 %)
$BTO (-0,78 %) and $ESM (+1,95 %) .

Otherwise, I used the month to buy stocks that had fallen out of favor but that I am still convinced of. These include $PYPL (+0,36 %)
$NOVO B (-1,77 %)
$1810 (+0,31 %) (Xiaomi) $GLJ (-0,63 %) (Grenke), $LXS (+1,66 %) and $EVK (+0,49 %) have been. Novo-Nordirsk in particular presented a great opportunity a few days ago when the share price briefly plummeted by 10% without justification. 📉

At the same time, I was also able to realize a few profits. I took the opportunity to sell some of my Puma shares after the takeover rumors and at the beginning of the month I also sold Lufthansa, BHP Billiton and a small amount of Western Union (which has already been bought back at a lower price). 📈

I currently hold 19,000 euros in cash again and am waiting for the next opportunities! 💵

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 42.3%. 😊

Let's see how November turns out. As always, it remains exciting!

$GOSS (+3,29 %)

What have you invested for a little fun or for the long term with future potential? I started with a mini-job salary of €1.40 and sold too early.

I have more casino tickets

$OCGN (+3,32 %)

$ACAN (+0 %)

$BYW6 (+8,42 %) Difficult thing. Buy in 7. now at 2.50

$VUL (-3,06 %)

$1810 (+0,31 %) Unfortunately my buy in went up quite a bit due to a savings plan. Had hoped for more than I thought.

I try to find the golden mean between holding longer and selling early enough. The fear of missing out is great!