Within the last 3 weeks, my portfolio has increased by 13%. In absolute terms, by 140,000 euros. This increase is still completely surreal for me.

What has happened?

Nothing in my portfolio. I still hold the same shares. But the exceptionally good performance of gold is more than just a tailwind for my mining stocks.

Specifically, I hold almost 50% of my portfolio value in two stocks:

👉🏼 K92 Mining

👉🏼 New Equinox

That's not exactly diversification. But nothing ventured, nothing gained... and as someone once said: "Diversification is for someone who doesn't know what he is doing" 😉

$KNT (-10,01 %)
$EQX (-5,06 %)

I've only been on this platform for two weeks, but at the end of the month there will be the first monthly update on the portfolio ... 😉

Start: 1,022,339 euros

End: 1,116,452 euros

Deposit: 41,000 euros

Profit:
+ 53,113 euros (+5.2%)

This month was quite a decent month in terms of the equity portfolio. The portfolio performance was driven primarily by gold stocks ($KNT (-10,01 %)
$EQX (-5,06 %) ). The gold price explosion, as I like to call it, is of course benefiting here. I assume that gold will continue to perform strongly and provide support for mining stocks. 📈

The automotive stocks in the portfolio have performed less well ($PAH3 (+2,52 %)
$P911 (+3,54 %)
$VOW (+3,26 %) ). This was due to the profit warnings from Porsche and subsequently VW. Nevertheless, I remain optimistic and consider them undervalued at this level despite the difficult situation. 📉

Otherwise, I received around 1,000 euros in dividends this month and realized around 4,000 euros in gains on Alibaba and Baidu, among others. 💵

➡️🆓: On my way towards 4 million total assets, the target achievement level is now 39%. 😊

Let's see how October turns out. As always, it remains exciting!

Opinions are divided when it comes to gold. Some don't believe in gold at all, others swear by it (but only physically in a safe) and still others - like me - invest in gold mines... 😉

I kind of fell into mining like a hero. It started in 2018 when I got a "tip" from a forum that I should take a look at K92 Mining. At the time, it was an unknown explorer who had just bought a disused mine from Barrick.

Long story short ... I probably had more luck than sense. Today, K92 Mining is on its way to becoming a Tier 1 producer and one of my largest positions. That was the beginning. Since then, I have invested speculatively in explorers from time to time. Some with an almost total loss, others with a "ver-x-fold". But the bottom line is that they are very profitable.

Over time, of course, I have also become interested in gold and now consider it an indispensable part of an investment. Whether it has to be in the form of mines remains to be seen.

For me, gold is one of the best ways to protect your money from inflation and to achieve a certain stability in your wealth accumulation. What do you think? 🤔

$KNT (-10,01 %)
$EQX (-5,06 %)
$ESM (+0 %)
$OLA (-9,51 %)
$BTO (-5,15 %)
#gold

$EQX (-5,06 %) is massively lagging behind the gold price, but costs are steadily falling and the forecasts for mining are positive. I think the price will double within the next few months and I am invested.

Gold mines are simply too cheap. Moreover, there is much to be said for a further rise in the price of gold.