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Kate💎 🙌. · 2024-09-23T21:16:23.945894Z

Hey zusammen, ich stehe gerade vor der Herausforderung, mein Depot von 77 auf maximal 30 Aktien zu verkleinern, um einen besseren Überblick zu bekommen und meine Strategie zu fokussieren. Aber ich bin unsicher, wie ich am besten vorgehen soll. Sollte ich: Die Aktien verkaufen, die schlecht gelaufen sind, da sie offensichtlich nicht gut performen? Oder lieber die, die am besten gelaufen sind, um Gewinne mitzunehmen, bevor es bergab geht? Oder einfach die 40 kleinsten Positionen verkaufen? Da sind aber auch viele interessante Titel drinnen, welche sich vielleicht lohnen könnte auszubauen. Oder einfach alles verkaufen, was stark im MSCI World gewichtet ist und somit das Klumpenrisiko reduzieren? Vielleicht gibt es ja einen besseren Ansatz? Worauf achtet ihr bei der Reduktion eurer Positionen? Diversifikation, Dividendenrendite, oder einfach nur die Größe der einzelnen Positionen im Verhältnis zum Gesamtportfolio? Ich freue mich auf eure Meinungen und Tipps! Danke vorab!

Kate💎 🙌.

@Iwanowitsch

3Lun·

Hey everyone,

I'm currently facing the challenge of reducing my portfolio from 77 to a maximum of 30 shares in order to get a better overview and focus my strategy. But I'm not sure how best to proceed.

Should I:

Sell the stocks that have done badly as they are obviously not performing well?
Or should I rather sell the ones that have performed best in order to take profits before things go downhill?
Or simply sell the 40 smallest positions? But there are also many interesting stocks in there that might be worth expanding.
Or simply sell everything that is heavily weighted in the MSCI World and thus reduce the cluster risk?

Perhaps there is a better approach? What do you look for when reducing your positions? Diversification, dividend yield, or simply the size of the individual positions in relation to the overall portfolio? I look forward to your opinions and tips!

Thanks in advance!

77Puestos

15,75 %

16 Comentarios

Hebel-Horst@DoppelSchlechtMinus

3Lun

I wouldn't use such blunt criteria.
First of all, take your time. It would be enough for me to liquidate 2 positions every week and thus take half a year to muck out. As you know, "back and forth" is not cheap.
Before selling a share/ETF, it is best to carry out the same analysis as before buying. Do you think it will be better or worse than the World ETF in the foreseeable future? So keep it or get rid of it.
The criteria you have listed can of course be taken into account, but for me this would all be secondary. And of course I would then expand the interesting stocks with the freed-up capital and not sell them across the board just because the positions are small so far.

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Krush82@Krush82

3Lun

How about keeping the 30 stocks that best fit your strategy or where you see the most potential?

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Kate💎 🙌.@Iwanowitsch

3Lun

@Krush82 and what are they ?

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Dividendenopi👴@Dividendenopi

3Lun

@Iwanowitsch What strategy are you pursuing?

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Krush82@Krush82

3Lun

@Iwanowitsch You should know that better than I do

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Felix@Investor_in_Jogginghose

3Lun

Keep the ones where you are most certain that they will still exist if you are not allowed to access your deposit for 10 years.

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Reminder@Reminder

3Lun

I would reduce the high div stocks to a maximum of 5-6. And not necessarily the ones with the supposedly highest dividend yield, but the most solid stocks. Like MAIN, HTGC, ARCC. And add one of the ETFs.

Otherwise, as is so often the case, it's a question of the crystal ball. It is impossible to predict how stocks will perform in the near future. Selling positions that have performed well to take profits sounds logical, but who is to say that they won't perform even better, at least in part? And putting the money into stocks that have performed poorly so far can go well, but it can also backfire.

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Chris@Psychedelic_Sunflower

3Lun

Be clear about your own strategy, see which 30 titles best suit it and get rid of the rest. I don't think the approaches you mentioned are effective.

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Kevin E.@KevinE

3Lun

I would fundamentally screen all stocks and reallocate accordingly. But why did they end up in your portfolio if they should no longer be there? So what was the investment case behind it?

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Kate💎 🙌.@Iwanowitsch

3Lun

@KevinE Can you recommend a specific website for screening? It always takes me so long because I feel like I have to jump back and forth between 100 websites.

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Kevin E.@KevinE

3Lun

@Iwanowitsch It depends on what your criteria are.
Depending on the stock, I use TradingView, Aktienfinder or simply Quartr (for quarterly figures / annual reports).

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Kate💎 🙌.@Iwanowitsch

3Lun

@KevinE I would be interested in the growth figures. But I don't want to take out a subscription.

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Kevin E.@KevinE

3Lun

@Iwanowitsch Everything presented on one page without a subscription is difficult in my opinion. Except in the annual reports / investor relations. Over time, however, you'll quickly find what you're looking for and get used to the structure.

Which growth figures do you use? Some things are difficult to compare with each other, as you include everything from defense companies to REITs and consumer staples. I personally have different valuation models depending on the product.

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Kate💎 🙌.@Iwanowitsch

3Lun

@KevinE the Reits remain, the defense stocks do indeed need a deeper look, but otherwise the sales growth would be particularly interesting

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Wachstums_Aktionär@schokosahne

3Lun

I would hold the 70% etf, there are many here who have significantly more expertise, which ones are recommended here etc.

My personal area remains individual stocks.
Here I would sort out the high dividend stocks, as most of them do not perform well.

Then you look at the positions you want to hold, I see the quality growth approach as the most exciting for 99% of all private investors.
Here you look for the sectors that have paid you the best returns over the last few decades, i.e. technology, healthcare, industry, financials, consumer and service providers.

The stock market does what it wants today, what the big players want tomorrow and what the balance sheet says in 5 years' time.
I would allocate your shares to the sectors and analyze them.

Here as an example technology, Microsoft you don't have to say much.
Consumption I would hold Hermes, fundamentally strong and perfectly positioned in the future growth markets, e.g. leather or costco.
Finance and services for me in depth the same here I would take a visa and a Berkshire.
Industry General electric here but be brutally careful and go with the numbers because every industry is cyclical.
Health a novo nordisk and an Eli Lille are hard to imagine without and will do so tomorrow.

Here I would divide the sectors according to risk appetite.

Here is an example.
25% technology
25% Healthcare
20% Finance
15% service providers
15% industry

I wouldn't diversify the countries, that's what your etf is for.
You do it here via the sectors and I wouldn't include too many companies.

The main goal is always to achieve a high return with little risk and to beat your etf, otherwise individual stocks are not exciting.

But there are also some stocks here that I don't consider safe, e.g. a sofi.
For me, a long-term upward trend would be a must in order to suspend a strategy.

I hope I have been able to give you some food for thought that will help you move forward.

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Alice@AliceDividends

3Lun

Check for ETF overlap and get rid of the expensive ones.

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