3D·

Roast My Portfolio

A lot has happened since the last "Pants Down" post.

Portfolio grew from 70k to 125k

$BTC (-0,67 %) has been sold off

Instead, individual stocks were purchased starting at 100k from the ETF portfolio

The goal of the individual stocks is to fill “gaps” in the ETFs

For example, $MUV2 (-0,33 %) reinsurers are underrepresented in my portfolio

My criteria are

A very strong moat

Preferably an oligopoly or duopoly market structure

The company should be able to generate long-term earnings and have strong cash flow

After the $BTC (-0,67 %) adventure, I’m simply investing in a boring and consistent manner

P.S.: The allocation of individual stocks has not yet reached target weights, and not every position has been included yet

P.P.S.: I’m aware that I’m excluding South Korea; honestly, when I look at the South Korean market, I don’t think that’s a bad thing

8Puestos

125.101,71 €

16,40 %

19 Comentarios

ShrimpTheGimp🦐@ShrimpTheGimp

Why choose the expensive MSCI World? A 0.5% TER is just not acceptable anymore 😢

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Metis@Metis

@ShrimpTheGimp Because reallocating funds is sometimes significantly more expensive. 😅

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ShrimpTheGimp🦐@ShrimpTheGimp

@Metis That may be true, but with a 19% return, it can't have been in the portfolio for very long.

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Mor@Mo1111

@ShrimpTheGimp There are few MSCI World dividend-paying stocks, and through consistent buying, the 19% return is simply the result of various purchases.

Some tranches are up 50%.
The portfolio value was significantly boosted at the end of 2024/beginning of 2025 due to a severance payment.

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ShrimpTheGimp🦐@ShrimpTheGimp

@Mo1111 But there were already alternatives back then :) For example, $HMWO —it has a higher volume, offers a better return, and charges 0.15%. But it's no big deal. I definitely would have gone with a different one 😊

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Mor@Mo1111

@ShrimpTheGimp At some point, people will stop contributing to the ETF anyway.
Maybe they'll even go down with Ter.

Do you have any other comments?

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ShrimpTheGimp🦐@ShrimpTheGimp

@Mo1111 No, I didn't mean any harm. I was just wondering why this one was chosen. Other than that, the portfolio is solid :)

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Desasterportfolio@Desasterportfolio

The MSCI World and FTSE EM are an unfavorable combination because South Korea is excluded.

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Mor@Mo1111

@Desasterportfolio South Korea is trading like a memecoin—I'm glad I'm not invested in it.
Take a look at the South Korean index, too—there are only two companies in it, so all in all, I don't think it's that bad.

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Wealth-Accelerator@Wealth-Accelerator

I really like it overall. But honestly: just going with the MSCI World and EM indices would work just as well for the picks 🤷‍♂️

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Mor@Mo1111

@Wealth-Accelerator A few more bangers are coming—as I said, it's not finished yet.

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Aspirin A.@AspirinAndi

I like this quite a bit, though the correlation between $ALV and $MUV2 is already very high. So I don't understand the point about them being underrepresented. Otherwise, of course, they're two top long-term investments.
How many and which stocks should be added?

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Mor@Mo1111

@AspirinAndi I'm going to build up 15 individual positions, but for now I'll start with the ones currently in my portfolio

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Mor@Mo1111

@AspirinAndi I also meant underrepresented in ETFs.

So, in my opinion, the $MUV2 is underweighted.

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Aspirin A.@AspirinAndi

But when you combine it with Allianz, you end up with a relatively high overweight position because the stocks are very similar.

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Mor@Mo1111

@AspirinAndi Well, if you look at the stock price trends for Allianz and Munich Re, they've already diverged

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Ruben Schoff@Sand

That's a very sensible approach. I've been doing the exact opposite since 2020—building a portfolio of individual stocks, and then adding an ETF Core fund since last summer.

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Mor@Mo1111

@Sand I thought I'd quickly get through this relatively boring dry spell with just ETFs

ETFs are just like continents—there’s not much dynamism to them.

Now, with individual positions, it’s much more interesting.

And as I said, the goal is to build up 15 individual positions with 6k in invested capital each, and I’m starting with the 6 for now.

Oh, and dividends are important to me (please don’t start a dividend debate—dividends and price make up the total return, and I dutifully reinvest dividends; dividends should then automatically reinvest in the position and let the position grow on its own).

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TradingHase@TradingHase

I also have $MUV2 and $ALV as individual holdings in my portfolio. I've had Allianz for quite some time, and I'd like to increase my position in $MUV2 a bit more.

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