Sartorius Pref Shs

Update my savings plans - What is being removed? What will be added?

After my share savings plans have remained virtually unchanged for the last 1.5 years, it's time for an update in March. At the same time, I will try to use the new inline images function. @christian Thank you!

Which shares will be removed?

I am throwing a total of 3 shares out of my savings plans. These shares will not thrown out of the portfolio, they will just no longer be saved in.

• NVIDIA
  $NVDA (+1,61 %) is the largest position in my portfolio and I still have a strong conviction in the share and the company. Nevertheless, for the time being I don't want to increase the position through acquisitions
• Palo Alto Networks $PANW (+7,43 %) for similar reasons as NVIDIA. Here, too, the position has become very large as a result of the very strong share price performance (temporarily number 2, currently number 4). Cybersecurity remains a major topic, but the current position size is sufficient for me. In addition, with Crowdstrike $CRWD (+3,28 %) another share from the sector
• Sartorius $SRT3 (-0,27 %) will also remain in the portfolio. Here it's actually more of a gut feeling that I see better opportunities elsewhere

What else will be adjusted:

I will adjust the weighting a little and save a slightly higher amount in pharma stocks to increase the pharma share a little. Tech remains number 1 with just under 37% of the savings contributions. This is followed by pharma with 16%

Which shares will be added to the savings plan?

A total of 3 shares will be added to the savings plan from March onwards, which will also be completely new to the portfolio. These 3 shares come twice from the tech sector and once from the non-basic consumer sector. Geographically, they are spread across France, Canada and the USA.

Share 1: Hermés

Let's start in Europe and France with Hermés $RMS (-0,13 %)

Hermés is not nearly as big as LVMH. While LVMH generates sales of over 80 billion, Hermés is "only" just over 10 billion. This puts LVMH in first place among the largest luxury groups in terms of revenue, while Hermés is only in eighth place behind companies such as Dior, Richemont and Kering.

In terms of market capitalization it looks quite different. Of course, LVMH is also in first place here with currently over 420 billion, while Hermés is already in second place with ~240 billion.

While I have been holding LVMH for a long time, I would like to expand the luxury segment in my portfolio with Hermés.

So what speaks for Hermés?

• An extremely strong gross margin of over 70% and a net margin of over 40%. You can apparently take any money out of the (Hermés) pocket of the top 0.1% ;)
• Although it is non-basic consumption is a less cyclical business model. Because Hermés only targets an extremely small and extremely wealthy circle, economic fluctuations are virtually irrelevant for Hermés. Similar to a Ferrari, for example, and unlike classic non-basic consumer goods
• A share price that feels like it has only been pointing upwards for years

-> Yes, for these reasons, Hermés is not cheap with a P/E ratio of over 40, which is precisely why I want to build up the position with a savings plan

Share 2: Broadcom

Let's continue with another AI share, namely Broadcom
$AVGO (+1,31 %)

Broadcom is another share from the semiconductor sector. With a current P/E of ~40, the company is also not cheap. However, the forward P/E ratio is only ~25.

In addition, the company has strong sales, earnings and, above all, dividend growth. So it is exactly what I am looking for.

An interesting fact: According to Broadcom, 99% of all Internet traffic passes through at least one Broadcom chip. In my eyes, this makes it a classic share, without which our modern life and work would no longer function.

Another fact: Broadcom bought Symantec a few years ago, so there is also a bit of cybersecurity fantasy here. In addition to the well-known AI hype

Share 3: Constellation Software

Share 3 goes to Canada with Constellation Software
$CSU (+3,77 %)

Have you always wondered what Gandalf did after The Lord of the Rings? He moved to Canada and built a tech empire there!

This is actually Mark Leonard, which he founded about 30 years ago. In fact, the company can be compared in part to Warren Buffett and Berkshire.

The company primarily buys small software companies and builds them up. Unlike private equity, for example, the aim is not to sell them at a profit or float them on the stock market. The aim is to build them up and hold them for the long term. In total, over 500 companies have already been acquired in this way.

Most of the acquisitions are rather small (less than 5 million) and usually involve very specialized software companies. It is therefore not about companies that will become the next Microsoft, SAP or Salesforce, but about software that is needed for very specialized areas.

Here, too, we are seeing strong sales growth, a constantly positive share price performance and a gross margin of almost 90%!

What do you think of these shares? Do you have one of these shares in your portfolio or on your watchlist?

#depot
#aktien
#stock
#portfolio
#update

Dear community,

after I have often thought about whether I would like to present my portfolio or not, I'll give myself a jolt with the new function and introduce myself briefly:

Who am I?

27 years old, AT. I have been working in development in the semiconductor industry for 3 years, before that I studied at university with holiday jobs and a small part-time job of 8 hours a week. I live with my girlfriend, am addicted to sports and have been addicted to investing for 1 year.

Career portfolio

Due to the (extensive) acquaintance with the co-founder of $MIOTA (+5,69 %) I entered the crypto world in 2018 and invested almost €500 (a lot of money as a student at the time) in Iota and other cryptocurrencies. After everything collapsed there (I had -95% in the meantime), I didn't want to know anything more about investing and concentrated on my studies and my life.

With my master's degree and the start of my permanent employment in 2021, the question then arose as to what I would do with my money and I finally ended up investing via various ideas (Amazon dropshipping, startup, etc.). After about 1 month of reading in, my first position was the $LCUW (+0,99 %) which I bought at $ASML (+3,19 %)
$IFX (+0,2 %)
$LIN (+1,73 %) and $XMME (+0,15 %) expanded it. Over time, more shares were added and by registering on Getquin, the MSCI Word + EM was then shifted to the $VWRL (+0,87 %) (thanks to the community :)). Since then, most of the income (savings rate currently 2k/month ~50%) has been invested, $VWRL (+0,87 %) and $SPYD (+1,39 %) by savings plan + dip purchases, shares always by individual purchases.

Structure

As I come from the technology sector and see where technology is used everywhere, I deliberately have an abundance of technology in my portfolio. Basically, I'm focusing on growth (I'm still young) and core-satellite, with the aim of being able to live well from dividends and withdrawals in my later years and to give my children a good start in life. In addition to the Flatex custody account, there are also a few gambles in the crypto sector, but nothing major. Maybe in 10 years it will help with the house and Lambo

What would I like to change?

Through the community I came across the $SPYD (+1,39 %) came to my attention. The good dividends and the good price performance in the past (> $VWRL (+0,87 %) ) persuaded me to invest in the ETF as well. In recent weeks, however, I have become increasingly dissatisfied with the ETF's performance, partly because the companies it contains don't quite match my objectives. I will now (after feedback from the community) build up the $EQQQ (+0,88 %) as a satellite ETF via a savings plan. The $SPYD (+1,39 %) currently remains in place as I expect a tech correction in the near future where the $SPYD (+1,39 %) should serve as a support. Whether I keep the Aristocrat or not is still up in the air (outcome of the post was 60% Nasdaq100, 22% SPYD and 18% both), I would be happy to receive feedback here. Also on the watchlist at the moment are $EW (+1,88 %) and $CRWD (+3,28 %) which, however, is a competitor to $FTNT (+2,83 %) is. However, as I consider the sector to be very important for the future, I will get both on board.

Favorite stocks

$ASML (+3,19 %) (The technology is extremely interesting)

$CDNS (+1,63 %) (The program is complete garbage but quasi monopoly with $SNPS (+3,75 %) )

Hate shares

$SRT3 (-0,27 %) (Let's see if this is still something, was a purchase on online Google suggestions)

$NRJ (+1,11 %) (I'll hold on to it, maybe it will be something in a few years)

$MIOTA (+5,69 %) (Well, the share price says it all :D)

I would be happy to receive feedback and suggestions for improvement, please let me know any criticisms/suggestions, that's the only way to keep learning;)

In this sense, enjoy the day and have a nice New Year's Day

Send via Internet-Explorer

Getquin rewinds - All that glitters is not gold ☄️

Now that the majority of the rewinds shared are performing really well and most of them are in the top 10% of the community, it's time to show the other side of the coin.

Even though my performance is supposedly better than 95% of the community, I would like to show the shit list of my portfolio here 😂

Please make some noise for:

Sea $SE (+2,3 %) Match $MTCH (+4,16 %) and Block $SQ (+3,98 %) all of which have losses of ~50-70%.

But even a Pfizer $PFE (+1,18 %) at the moment I would prefer to assign Waste Management $WM (+1,93 %) from @Simpson for recycling 😂

The purchase of Hershey $HSY (+1,4 %) has not paid off so far - but I'm convinced in the long term and simply started the savings plan at the wrong time in the middle of the year. Sartorius $SRT3 (-0,27 %) continues to suffer from the normalization after Corona and China in general is simply not doing well, which is reflected in my China ETF $MCHS (+0,13 %) shows.

With Teladoc $TDOC (+16,57 %) and BASF $BAS (-1,23 %) I have already sold two more pipe-drawers this year.

#rewind

#depot

#stock

#personalstrategy

#etfs

"When we talk to China, we get an airport; when we talk to Germany, we get a lecture." - Another round of Germany bashing

A few days ago, I read a very interesting article about Germany and many of our problems in Manager Magazin:

It mentions 3 keywords in detail: Morality, Prices & Technology

Morality:

The quote in the headline comes from the (Nigerian) Director-General of the WTO after she was invited by our Foreign Minister.

Many countries and regions of the world do not want to receive a moral lecture every time they place an order or invest in or with Germany. So they prefer to buy from other countries that simply want to do business

Prices:

The article mentions that BASF $BAS (-1,23 %) and Lanxess $LXS (+0,21 %) will give up their ammonia production in Germany because it is simply no longer economically viable given the energy prices here. Both companies will now operate most of their production in China.

Not only are we creating a further dependency on China, we are also doing massive damage to the environment. Ammonia is produced in China in a much less environmentally friendly way, which will increase CO2 emissions by a factor of 10.

Winner: China

Loser: Germany and the environment

Technology and "digital sovereignty":

While we don't seem to care about sovereignty in many cases (see the example of ammonia from above), we absolutely want to achieve it in the digital realm and are daring to go it alone here without the Americans (who are miles ahead).

Among others, our misappointed minister of the interior Nancy Faeser only wants to use home-grown software for the police - so they are tinkering with something themselves instead of relying on good, functioning software.

According to the article, the Bundeswehr also does not want to use software from abroad, unlike most other partners.

-> In the end, we will probably burn a lot of money again and have to continue to rely on fax and the like

As we are on a stock market platform here and not a political platform, I don't want to go into detail about the political view (don't vote for the Greens 😉), but how we as investors can deal with this.

And there is one way in particular: invest as little as possible in Germany and, if you do, only very selectively. My portfolio therefore only contains the following German stocks:

• Allianz
  $ALV (+1,84 %) As we Germans are known to be very security-conscious people, it is clear that we are particularly good at one thing: Insurance. As the largest or one of the largest insurers in the world, Allianz is therefore a good German share for me. In addition, my purchase in the corona low at €120 has given me a personal dividend yield of almost 10%
• Bechtle
  $BC8 (-0,68 %) If we want to make progress with digitalization, we need system houses like Bechtle. They digitize companies or even government agencies on both the software and hardware side - in addition, the company regularly increases its sales and dividends
• Encavis
  $ECV (-0,24 %) The topic of energy will be with us for a long time to come, and I believe that companies with a strong or pure focus on renewable energies can benefit from this. I think Encavis is well positioned here
• Sartorius
  $SRT3 (-0,27 %) In my view, pharmaceuticals will be one of the major growth areas alongside tech due to demographic developments, and we need laboratories for pharmaceutical research. As a laboratory supplier, Sartorius is therefore also operating in an exciting environment, which is currently affected by the end of the pandemic - during Corona there was a lot of purchasing, these stocks are now being reduced first. With Thermo Fisher $TMO (+1,72 %) is another company from this sector in my portfolio, also with similar problems

Regardless of these companies, I don't think there are too many exciting German stocks left. Munich Re $MUV2 (+1,94 %) could still be mentioned, and Porsche $P911 (-2,39 %) could also be an exciting brand and therefore share. Deutsche Börse might also be exciting $DB1 (+0,66 %) and, as very conservative stocks, possibly Telekom $DTE (+0,38 %) or Deutsche Post / DHL $DHL (-0,87 %)

What do you think of the points mentioned in the article?

And what are still "must have" stocks from Germany for you?

https://www.manager-magazin.de/politik/deutschland/mittelstand-warum-german-free-international-zum-werbeslogan-wird-a-2f28a720-c2ce-46a9-bdd6-dc9d8bcacd05

#aktie
#stocks
#deutschland
#personalstrategy

Stopped. No longer believe in positive earnings development compared to my peer group (pharma), J+J and Novo Nordisk are doing much better.

Bad buy...

Why I do not invest or invest as little as possible in Germany has again been very clearly shown in the headlines this week:

• Pension at 70
• The infection protection law of Karl Lauterbach is again only driven by panic, while all neighboring countries around us abolish all measures and declare the pandemic to be over
• The gas levy of up to 5ct/kWh is to be subject to an additional 19% value-added tax

These 3 headlines prove 3 things to me:

• No creativity: Instead of thinking about other measures, the only idea is to increase the retirement age. Looking at other countries and ideas is out of the question in Germany
• German Angst: We are constantly driven by fear and panic, while other countries are optimistic and declare the pandemic over, we continue to hang on to Corona and waste time and resources on more important things
• Gas levy + VAT: We are all experiencing massive price increases in the gas market right now, which we as consumers have to bear. Instead of trying to relieve households and the economy (e.g. through targeted tax cuts), the state continues to enrich itself through the now higher taxes on gas. On top of that, there is now also a tax on a solidarity-based levy, namely the gas levy.

-> Lack of creativity, constant panic and a state that enriches itself everywhere and can't get its neck full. These are all reasons why I do not consider the political and economic conditions in Germany to be sustainable.

I have a few German shares that I am convinced of (Sartorius, Encavis, Allianz), but I would not touch the absolute majority of German shares with a pinch of my hand. And since I started trading in 2013, I have done very well with this decision.

Regardless of the fact that my salary, my pension rights and possibly a house in the future are or will be dependent on Germany. This "overweighting" in Germany should not be further reinforced by one's investments.

$MDAXI
$SDAXI
$ECV (-0,24 %)
$SRT3 (-0,27 %)
$ALV (+1,84 %)
$BAS (-1,23 %)

Execution ORDER Purchase DE0007165631 195891872

Dividend reinvestment

Reallocation