With the temperatures in July, my portfolio finally started to pick up again, even if not quite as much as I’d hoped 😉. After the somewhat challenging past few months, this little breather comes at just the right time!
July Portfolio Overview:
👉🏻 July:
Starting value: 1,219,254 euros + 428 cash
End: 1,270,244 euros + 16.65 cash
Deposit: 3,200 euros
Profit: +47,378.65 euros (+3.87%)
One positive aspect of the portfolio’s performance is that the growth was actually driven almost exclusively by my other (non-gold-related) holdings, as my gold and silver holdings performed neutrally to slightly negatively this month.
PayPal ($PYPL (+1,51 %) ), Accenture ($ACN), and Xiaomi ($1810 (-2,19 %) ).
PayPal is one of the investments I’ve held for quite some time—currently with a cost basis of about 55 euros—and I’ve weathered a long rough patch with it. I took advantage of the price decline to consistently buy more shares, as I’m convinced of the company’s value. The takeover offer a few weeks ago at around 53 euros has at least brought PayPal back into the spotlight, and I’m glad that there are others who also see value in PayPal. At the same time, however, I’m also glad that PayPal rejected the offer. In my view, a sale shouldn’t even be considered for less than 75 euros per share—and preferably even more. The quarterly results have shown that PayPal is still growing and is fundamentally very strong. Thanks to the consistent share buybacks, more and more shares are staying with us shareholders… so I’m holding on to my shares!
Accenture and Xiaomi also contributed positively to the portfolio’s performance. However, I see this more as a technical rebound from the massive (excessive) sell-off than as a result of actual operational news—but of course, I’ll take it anyway!
At the end of the month, performance was boosted once again by Novo Nordisk ($NOVO B (+0,06 %) ) and Western Union ($WU (+3,09 %) ). While Novo was hit with a -10% intraday drop because a study on a potential new drug missed its targets, Western Union fell by over 20% as its quarterly results fell far short of expectations. Nevertheless, I’m holding on to both companies!
The portfolio’s performance will, however, continue to be determined primarily by the future performance of mining stocks. Given the uncertain situation surrounding Iran, I expect volatility to remain elevated going forward. At the company level, all mining stocks (K92 Mining, Equinox Gold, Santacruz Silver Mining) delivered very strong production figures. And the gold price also appears to have found a floor around $4,000 per ounce for now. But in the short term, what happens next will likely be determined by Trump’s whims 😉 ...
Let’s see how things play out! Tomorrow’s trading session looks like it’ll be another exciting one.... Deal, no deal, deal, no deal, deal.... 😅
➡️🆓: On my way toward $4 million in total assets, I’m now 41.5% of the way there.
Here’s to successful stock market trades! 😊
