2Semana·

Follow-up Purchase of Vonovia

For the first time in several years, I increased my position in $VNA (+0,11 %) . The persistently “high” interest rates and the low stock price seem to me like a good opportunity to strengthen this segment of the German housing market in my portfolio. Thanks to tax deferral, this currently offers a handsome 6.6% net dividend.

And by the way—this is just a side note on politics—a purchase like this is sure to annoy Die Linke😉

01.09

Vonovia

Comprado a 18,99 €

9 Comentarios

Schochi@Schochi

2Semana

When I bought more a few months ago, I was told it was too early. That turned out to be the case, and I'm afraid it's the same for you today. But I'm keeping my fingers crossed that your investment pays off 👍

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Kurz@MrKurt89

2Semana

@Schochi Did you hold onto them or sell them again already? “Too soon” is relative when it comes to how long I hold onto them.

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Schochi@Schochi

2Semana

@MrKurt89 I'm still holding onto them and also see them as a long-term investment, though I've been in this for a long time and have only lowered my average cost by buying more shares.

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MB I.@Droid

18H

@Schochi For me, today at €17.60 was a day to “lower the entry price,” but I’m afraid that’s not the end of it and there will be more days like this. Still, the baby boomers swear by their “concrete gold,” and people will have to keep getting used to it—and the trend is toward renting.

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Schochi@Schochi

@Droid I'm keeping my fingers crossed for you. What surprises me, though, is that you're expecting prices to keep falling but are still buying more 😉 At this point, buying more would be too risky for me—I'm still waiting it out. My average cost is 30 euros, so I definitely still have a long way to go 😂

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Kurz@MrKurt89

@Schochi The value investor knows that buying in at low prices is crucial. I can understand his decision. And if the price (hopefully) drops later, you simply buy more. If it rises, you simply have a rising stock in your portfolio. And if the price doesn’t move at all, you simply collect and reinvest the dividends. Time is the greatest lever.

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Schochi@Schochi

@MrKurt89 I'm with you on that 👍

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MB I.@Droid

The actual additional purchase wasn't large—just 7 more shares. Mainly, I lowered my average cost for tax and accounting purposes by selling the old shares first and then buying the original number plus 7 more shares at a lower price. If prices continue to fall, I might repeat this strategy and further increase my loss reserve.

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Donald D.@Privateer

2Semana

Or maybe the Left is getting on our nerves 😬. 6.6% is interesting. The question is whether we’ll actually get it, or whether even higher yields will be waiting for us by the dividend payment date due to a further decline in the stock price—partly because of the expropriation fantasies of Berlin’s local politicians and/or further interest rate hikes that make refinancing maturing debt more expensive. It’s also possible that the dividend will be cut again in order to a) reduce the need for debt financing and b) send a signal to policymakers: “Look, we’re cutting dividends to shareholders to meet our obligations.” Well, Mr. Mukic must know what he’s doing in the area of finance—after all, he was CFO at SAP.

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