What a smashing start to the year!

Personally, no panic!

For my part, I see a final opportunity for $XRP (-0,17 %) and $HBAR (-0,26 %)

Let's wait and see where it all goes... 👍

Would you make additional purchases now?

$BTC (-0,42 %)
$ETH (-2,37 %)
$SOL (-1 %)
$XRP (-0,17 %)

$XRP (-0,17 %) like an accident in slow motion. When will this pain stop? Luckily I'm not in the fantasy money...

Digital asset products saw the largest outflows since mid-November 2025, totaling USD 1.73 billion, reflecting a similar bearish sentiment typically seen in market downturns. Diminishing expectations of interest rate cuts, negative price momentum and disappointment that digital assets have not yet participated in the "debasement trade" movement are likely to have further fueled these outflows.

$BTC (-0,42 %) The market recorded outflows of USD 1.09 billion, the largest since mid-November 2025, while there were small inflows into short Bitcoin products totaling USD 0.5 million. Overall, however, it is clear that sentiment has not yet improved since the price collapse on October 10, 2025.

$ETH (-2,37 %) and $XRP (-0,17 %) recorded outflows of USD 630 million and USD 18.2 million respectively, which shows that the negative sentiment was broad-based. $SOL (-1 %) The fund "The World" bucked this trend and saw inflows of USD 17.1 million. Other assets saw smaller inflows, particularly Binance (USD 4.6 million) and Chainlink (USD 3.8 million).

$SLNC (+0,3 %)

As a non-premium member for several years and a profile stalker from the very beginning, I remember a post with the aim of receiving individual and high-quality feedback on your portfolio if you stick to a few basic steps. Now I think it's time to put this into practice for myself.

The idea for this approach came from some random jackass (@DonkeyInvestor ) who has been hanging around here forever. Imitation clearly recommended 😉. Here we go:

Investment horizon and goal

I am currently 34 years old, a house builder and father of two. My investment horizon is therefore long. I would even say that there is no time limit for me, as I now enjoy investing money and I always try to put more or less into my portfolio depending on the situation.

My goal is to make the remaining payment on the house in 16 years and build up a good cushion until I retire so that I can continue to live sensibly, continue to invest and bequeath a little.

Strategy and reason for the securities in the portfolio

The strategy can be described as a classic, equity-based core-satellite strategy, whereby my satellites are mainly dividend stocks. These are selected stocks that represent a low risk for me and should bring me a little cash flow every month as an addition to the monthly savings installment in the core ETF. (Good ideas for the stocks can be found at @Simpson or @GoDividend 🙂)

All stocks are capped at €1000, i.e. each dividend stock is saved with a savings plan/one-off payments up to a maximum of €1000. After that, a new one moves in. The securities that are in the red by up to approx. 30% over 1-2 years are sold. If a security doubles in value, the stake is taken out and reinvested in the core. The whole thing is perhaps not absolutely necessary, but I personally don't enjoy it that much without individual titles and I allow myself a little bit of playing around.

The core currently consists of the $VWRL (+0,09 %) for well-known reasons. The overall market is performing continuously and upwards in the long term. Simple and straightforward and a good anchor for me, even if the USA is overweight. It doesn't matter to me and, like so many things, is only a temporary phenomenon.

With $NU (-4,66 %)
$IREN (-9,1 %)
$SOFI (-5,6 %) and $LMND (-3,87 %) the portfolio contains higher-risk stocks that I hope will generate above-average returns in the longer term and the proceeds can be reallocated to the core. In other words, gambling stocks as potential boosters for the core. As I have less time for research myself, I am grateful for the valuable contributions on the stocks from @Multibagger
@BamBamInvest
@Tenbagger2024 and @Derspekulant1 very grateful.

As a diversification to all this $EWG2 (-9,17 %) and $BTC (-0,42 %) / $XRP (-0,17 %) / $ADA (-0,34 %) other asset classes are included in small proportions for pure diversification and as a momentum booster for the portfolio. After all, you have to be a little bit prepared for everything in order to profit. $XRP (-0,17 %) and $ADA (-0,34 %) will be shifted into BTC in the long term, as I have less confidence in the long-term stability and performance here. $EWG2 (-9,17 %) is chosen out of convenience (thanks to a great post on gold from @InvestmentPapa) as I have no desire to buy physical gold anywhere, nor do I want to have to store it in a high-security wing. The cost of a quality safe alone is worth the spread in my opinion.

Plan for expanding the portfolio

The ETF is mainly built up with 80% of my savings rate, 20% flows into the individual securities. As mentioned above, profits from shares or the mixed assets are realized from time to time and added to the core, as a kind of booster. The proportion of dividend stocks is built up in small steps and adjusted depending on losses or gains. This keeps the number of stocks at a relatively constant level and the one or other new stock maintains diversification among the individual stocks. Stocks with more risk should be added with a maximum of 5 positions. This is always an option but not a must.

Gold is saved selectively in favorable periods. Nothing is currently invested in crypto, perhaps also at a favorable time via one-off payments in BTC.

No-go in the portfolio

Actually bonds. I like to diversify, but they're just too boring and tedious for me. And I honestly have no idea what criteria are used to select them and what returns can be expected. I also don't think much of leveraged shares or ETFs. That's too much risk for me with my private background.

So now I'm looking forward to your opinions, criticism and suggestions!

Credit Scene

I would like to say a big thank you to the community, which helps me make progress here every day. Be it informative, funny or full of ideas. I have read so many posts here with interesting investment ideas, benefited from high-quality stock presentations, seen calculations for profit maximization or tax advantages and learned about strategies from which I could learn. I was able to pick a piece of every pie and make my own.

Alone it is hard, together it is so much easier. Thank you very much!

I have looked at my portfolio review of 2025 and my start to 2026 - not just "how much", but above all: why and what I have learned from it. I am happy to share this with you and look forward to discussion & feedback and, above all, your views: what was the result and also your perception of your stock market year 2025 - and what set-up are you starting the new year with?

Time to reflect 🧘‍♂️

1) Change of mood at the end of 2024

After a rather sobering (for me) stock market year 2024, there was a clear turnaround in sentiment in November 24: on the day of Trump's election victory in Nov 24, the market jumped significantly (Dow +3.57 %, S&P 500 +2.53 %, Nasdaq +2.95 %). This made the "risk-on" narrative credible again - and you could see it in the behavior of many portfolios. At least in mine, if I'm honest with myself ;)

2) Q1/Spring 2025: Unusually Europe-friendly

The first few weeks of 2025 were indeed unusually Europe-heavy: in the first six weeks of 2025, the STOXX 600 was up >5.5%, while the S&P 500 was only up +2.7% in the same period.

This also became clear later in hindsight: in 2025, defense and banks were extremely strong drivers in Europe at times. I was also right in this upswing ($DHL (+0,22 %) , $GBF (-3,6 %) , $RIO (-3,97 %) ) but unfortunately also some disastrous ($NESN (+0,21 %) , $MC (-0,67 %) , $NKE (-0,55 %) ,$NOVO B (+0,66 %) ) decisions were made. Partly also trend- and community-driven -> yes, you are to blame ;)

3) Beginning of April: Bad times

Then came the break: The strong start to the year was literally "wiped out" in just a few sessions, partly due to the customs/trade war shock. YTD turned completely negative, and by April 7 the STOXX 600 was around 12% below the closing price on April 2. $TSLA (+3,79 %) and $NVDA (+0,21 %) purchases. I also $PEP (+4,55 %) I bought cheaply, but a real breakout is still a long way off.

4) Shortly afterwards: fireworks

Then a tailwind came back in the US from the middle/end of April, when the market repriced parts of the Trump escalation in the direction of "negotiations/de-escalation". The Donald kept a few election promises that were perhaps not quite official .-)

5) H2/late year: AI + interest rates as a "macro tailwind"

Towards the end of the year, the environment was then more strongly characterized by two factors: AI-driven risk assets and falling interest rates. It was an AI-driven rally, which also supported sentiment and inflows into US equity again.

And on the interest rate side: the Fed set the key interest rate at 3.50 % to 3.75 % in December after a further cut.

At the end of the year, the major benchmarks were also closer together again: STOXX 600 +16.66 % in 2025, S&P 500 ~+17 %.

6) Golden times 🥇🏅

Then there was the beautiful gold (u.W.). 2025 was a real exclamation mark: spot gold was up around 66% over the year (according to Reuters, the strongest increase since 1979).

Silver was even more extreme at around +168 % per year.

I have already written about gold in more detail here on getquin - if you are interested in the topic, you can find the article in my profile.

Personal performance 2025

• Internal rate of return: approx. +10 %
• TTWROR: approx. -33 %
• Dividend yield: approx. 1.3 % p.a.

The figures confirm what I described above: in my opinion, I made very good operational decisions (realized profits, used tax aspects, built up cash flow). At the same time, the TTWROR shows quite clearly that the portfolio structure was too volatile and too strongly growth/trend-oriented in the meantime. Too often, I have taken the "falling knife".

Before the turn of the year, I invested in $NVDA (+0,21 %) , $TSLA (+3,79 %) , $GBF (-3,6 %) and $DHL (+0,22 %) - each with positive returns - for the following reasons:

• Utilize saver's allowance
• Reduce tech-heaviness
• Cash generation (you can read why below)

Starting point Jan 2026:

Brief overview of the 2026 start setup

Asset mix

• Individual shares: 71.4 %
• ETFs: 16.0 %
• Gold: 9.2 %
• Crypto: 3.4 %

Regional breakdown

• North America: approx. 45.7 %
• Europe developed: approx. 26.0
• Rest of the world (including EM/Asia/Australasia): approx. 22.5 %

Sector structure

• Financial services: 20.5 %
• Consumer goods (cyclical): 19,2 %
• Consumer staples: 15.7
• Information technology: 14.8
• Materials: 7.9
• Healthcare: 4.7

Start to the new year

Parallel to the sales at the end of 2025, I reallocated or increased my holdings in January, including in $O (+1,61 %), $VNA (-1,13 %) and $ZAL (-0,84 %)- with the logic:

• Strengthen cash flow/dividend components
• Turnaround opportunities as a limited admixture
• Reduce volatility in the portfolio

Why I am thinking more defensively in 2026

Next week, the purchase of an apartment on beautiful Lake Tegernsee 🏝️ will be notarized. This is a step into a completely new asset class for me, as it's my first property of my own. - In addition to construction financing, it will of course also be a liquidity issue over the next few weeks.

I may make a separate post about this, perhaps some of you are also currently facing this step?

I can mentally cope well with drawdowns. But: being able to bear risk does not automatically mean having to bear risk.

My portfolio should fit in with this new phase of my life.

What I will do differently in 2026

Because a new asset class will be added to my portfolio in 2026 with the purchase of an apartment, I want to position my portfolio more defensively in future - without completely foregoing opportunities for returns : risk. Otherwise we would be completely wrong on the stock market :)

1) ETF core should dominate

I want my portfolio to be dominated by my ETFs in future. My target scenario is therefore

• 60% of the deposits via a savings plan in my 4 core ETFs ($VWRL (+0,09 %) , $COMM (-1,66 %) , $WSML (-0,4 %) , $IEMS (-0,49 %) ).
• 30 % stocks
• 10 % commodities
• Play money: crypto, certificates, pennies (weighting < 5%)

Important! This is a start-in-2026 setup

Of course, as always in life, a plan is there to be thrown overboard - so you have to wait and see how assets perform in the year ahead and reassess regularly.

2) Stocks yes - but with more discipline

Turnaround/opportunity stocks and trends remain part of my approach, but clearly limited. I want these positions to be what they should be again: An addition, not a foundation.

I will reduce (basic) consumption and strengthen healthcare. And tech?

3) Tech: more controlled

Tech will remain a driver of returns in 2025 - but I want to build it up again in a controlled manner after my sales. I will monitor the trend from a distance for the first few weeks and possibly months and bet on corrections. You can't do without it - as you can see from the Mag-7 performance in 2025:

• $GOOGL (+0,9 %) : +65,3 %
• $NVDA (+0,21 %) : +38,9 %
• $MSFT (-0,41 %) : +14,7 %
• $META (-1,53 %) : +12,7 %
• $TSLA (+3,79 %) : +11,4 %
• $AAPL (+0,68 %) : +8,6 %
• $AMZN (+0,15 %) : +5,2 %

On that note, happy new year!

$VWRL (+0,09 %)
$EWG2 (-9,17 %)
$O (+1,61 %)
$PEP (+4,55 %)
$MSFT (-0,41 %)
$P911 (-0,58 %)
$BLK (+0,39 %)
$NKE (-0,55 %)
$RIO (-3,97 %)
$MC (-0,67 %)
$NOVO B (+0,66 %)
$NESN (+0,21 %)
$ZAL (-0,84 %)
$COMM (-1,66 %)
$IEMS (-0,49 %)
$BTC (-0,42 %)
$ETH (-2,37 %)
$XRP (-0,17 %)
$PEPE (-0,16 %)

-72% The Trade Desk $TTD (-1,76 %)

-72% Fiserv $FI (+1,32 %)

-65% Dogecoin $DOGE (-0,12 %)

-65% Cardano

-61% Gerresheimer

-60% Enphase Energy $ENPH (-2,07 %)

-59% CarMax $KMX (-1,16 %)

-57% Strategy $MSTR (+5,33 %)

-56% Deckers Outdoor

-56% Alexandria Real Estate

-50% Redcare Pharmacy

-50% PUMA $PUM (-0,8 %)

-50% lululemon

-49% Dow

-49% Novo Nordisk $NOVO B (+0,66 %)

-48% MARA $MARA (-3,03 %)

-48% Molina Healthcare

-47% FactSet

-47% Charter Communications

-47% HelloFresh

-45% Wolters Kluwer

-43% Solana $SOL (-1 %)

-43% Cocoa

-42% UnitedHealth $UNH (-0,86 %)

-41% Atlassian

-41% Li Auto

-40% Copart

-40% Meituan

-38% PayPal

-38% Chipotle Mexican Grill

-36% TeamViewer

-35% GameStop $GME (+6,32 %)

-35% Orsted $ORSTED (-1,47 %)

-33% Pernod Ricard $RI (+0,56 %)

-33% Evotec

-33% Symrise

-31% Marvell Technology $MRVL (-1,81 %)

-30% Comcast

-30% Natural Gas

-30% Kraft Heinz $KHC (+3,9 %)

-30% Adobe $ADBE (+1,66 %)

-29% Salesforce $CRM (+0,28 %)

-28% Nike $NKE (-0,55 %)

-28% Adidas $ADS (-2,03 %)

-27% Sugar

-27% XRP $XRP (-0,17 %)

-26% Stellantis $STLAM (+1,05 %)

-25% JD .com

-24% Procter & Gamble $PG (+2,49 %)

-23% Arm $ARM (-1,93 %)

-22% Ferrari $RACE (-0,43 %)

-22% Porsche AG $P911 (-0,58 %)

-21% Zalando $ZAL (-0,84 %)

-21% NEL ASA $NEL (+0,52 %)

-21% Ethereum $ETH (-2,37 %)

-18% Bitcoin $BTC (-0,42 %)

-16% Brent Oil

-16% Delivery Hero

-13% Vonovia $VNA (-1,13 %)

-12% Coinbase $COIN (-1,66 %)

-11% SAP $SAP (+0,64 %)

-7% Amazon $ (+0,15 %)AMZN (+0,15 %)