Where do you currently see (even) more potential?

$ALV (-0,81 %) or $MUV2 (+0,7 %) ?

Would like to have another German (European?) insurer with a good dividend in the portfolio in the longer term.

Hello everyone,

Since I and my portfolio have recently exceeded the €50,000 mark, I wanted to take this as an opportunity to present my portfolio and my strategy to you. I look forward to your opinion, assessment, criticism and potential for improvement.

About me: I am still 29 years old and work as a team leader in an industrial company in the building materials sector. In terms of education, I feel I've been through all the stages - from a qualifying secondary school certificate to A-levels and a bachelor's degree to a master's degree. The only thing missing is a doctorate 😌

About the overall strategy: My assets are divided between my share portfolio, a condominium and a call money account. I live in your apartment myself. I wouldn't consider renting or real estate as an investment because I think the risks of having to invest money again are too high. You can also suspend the savings plan in your portfolio from time to time. So the apartment is held for as long as it is occupied and then sold when I buy a house.

About the equity strategy: I'll try to summarize this briefly

• Allocation: core-satellite strategy. So core for me is any ETF, satellites are the individual stocks. Core should make up about 80 percent, the individual stocks 20 percent. The buy-in for the individual stocks is always 2000 euros.
• Selection: Dividend strategy - the dividends of the ETFs are reinvested in them, the dividends of the individual shares go into an ETF.
• Buy and hold
• Special feature: I received a loan from a close relative for my apartment, which is repayable on maturity after 8 years. Due to some lucky coincidences, I had the money back together one year after the purchase. So instead of letting it sit in an overnight deposit, I invested it at the beginning of 2024 - with very good timing.

Stock selection and savings plan:

• $VHYL (-0,84 %) The big core - I think the ETF is good because it is broadly diversified and has a good, reliable distribution. I am not currently saving in the ETF. Only the remaining shares from the beginning of 2024 are transferred from the second custody account (I transfer cash to a separate account and make a custody account transfer from the second custody account to mine. The loan amount will then accumulate there).
• $VWRL (-1,12 %) Will be my new second large core and therefore currently saved with 500 euros per month.
• The following individual securities are currently fully saved: $ALV (-0,81 %)
  $BAS (-1,46 %)
  $EOAN (+0,97 %)
  $BATS (-0,36 %)
• As soon as the core share is over 80 percent, further shares are transferred from the second portfolio. $SIE (-2,29 %) shares are transferred from the second portfolio. The total buy-in is therefore also EUR 2000.
• The following stocks are still included in the second portfolio and are transferred bit by bit - whenever there is money and depending on the core share in my portfolio: $VHYL (-0,84 %)
  $VWRL (-1,12 %)
  $PEP (+0,06 %)
  $SIE (-2,29 %)
  $DHL (-1,77 %)
  $VOW (-1,01 %)

Further strategy:

At the moment I feel comfortable with the strategy and until all individual stocks etc. have been transferred to the main portfolio. It will take some time before all the individual stocks etc. are transferred to the main portfolio. In the long term, I am considering $TDIV (-0,87 %) with a 10 percent share. I will then select individual stocks in the future, but e.g. $RIO (-1,59 %) , $MUV2 (+0,7 %) or $MAIN (-0,35 %) I could well imagine.

Looking forward to your comments on this boring strategy 😌

The Bank BNP Paribas yesterday published its legendary dividend book for the second half of the year.

Ten European stocks were selected and placed on a list called "Best Ideas". All of these stocks have a pretty convincing track record.

What makes a really good dividend stock for BNP? Stable distributions over at least ten years, sustainable dividend growth and a strong free cash flow. In addition, there are qualitative criteria such as reasonable payout ratios, earnings momentum and rapid price recovery after the dividend discount.

Aegon
$AGN (-2,35 %) is a Dutch insurer with a focus on the US market. Dividend yield: 6.8 percent. Added to this is the fantasy of possible deals and greater capital efficiency.

Arkema
$AKE (-1,71 %) is a French specialty chemicals group with a yield of 5.7 percent. It is a spin-off from the chemicals business of the oil company Total. Arkema is one of the leading suppliers of highly developed materials.

Bankinter $BKT (-1,79 %) is a top Spanish address for wealthy clients. The bank has a solid balance sheet and offers a yield of 5.1 percent - although business is being held back slightly by the prospect of falling key interest rates.

Aéroports de Paris
$ADP (-1,58 %) is - as the name suggests - the operator of the Paris airports. Here, investors receive a yield of 3.4 percent, and there is also great rebound potential due to growing air traffic and an exciting investment in GMR in India.

Inditex
$ITX (-2,16 %) is the Zara-parent company. The company impresses with a 3.6% return, but above all with a strong cash flow thanks to falling logistics costs and global expansion.

Intesa Sanpaolo
$ISP (-1,27 %) is Italy's largest financial institution and offers a 7.9 percent dividend. A large part of its success comes from stable segments such as asset management.

Munich Re
$MUV2 (+0,7 %) is one of the stocks from Germany. The reinsurance classic offers investors a yield of 4.2 percent. The company has an enormously strong balance sheet and is a real all-purpose portfolio weapon.

National Grid
$NG. (+0 %) is an electricity and gas provider from the UK that pays a dividend of 4.5 percent. The company is strong on the energy transition and is well hedged against inflation.

Publicis
$PUB (-2,38 %) is France's advertising giant with data-driven advertising and pays a dividend of 3.9 percent. The company is also strongly positioned in the field of artificial intelligence.

The last stock to round off Volkswagen
$VOW (-1,01 %) rounds off the list. The car manufacturer offers a full six percent yield. The partnership with Rivian
$RIVN (-0,54 %) is also beginning to generate imagination.

All ten stocks combine above-average dividend yields with reasonable valuations. The average price/earnings ratio (P/E) is around 10, and all companies are well capitalized.

BNP speaks of a "quality-driven dividend portfolio" - so it's not about bargain hunting. For those who prefer a broader approach, there is of course also the dividend ETF Amundi MSCI Europe High Dividend Factor ETF EUR $CD9 (-0,35 %)

Source & picture: "Welt", 02.07.25

This is my first post, so please don't hate. 🙂

I've been using the dividend strategy for a year now because it motivates me to stick with it. The simple one-ETF solution is too boring for me in the long run - I have more fun following individual stocks from time to time.

So far, I've mainly invested in dividend ETFs, and I want to keep it that way. However, I would like to add a few individual stocks to my portfolio to make it more interesting.

My goal is a maximum of 10 individual stocks so that I don't lose track. Here are the stocks I'm currently looking at:

• Realty Income ($O (-0,08 %) )
• Main Street Capital ($MAIN (-0,35 %) )
• Agree Realty ($ADC (-0,62 %) )
• STAG Industrial ($STAG (-0,8 %) )
• BlackRock ($BLK (-1,26 %) )
• The Home Depot ($HD (-0,47 %) )
• Munich Re ($MUV2 (+0,7 %) )
• Chevron ($CVX (-0,9 %) )
• American Electric Power ($AEP (-0,34 %) )
• Waste Management ($WM (-0,7 %) )
• Sixt Vz. ($SIX2 (-0,8 %) )

My questions for you:

👉 Are these stocks generally suitable for a dividend strategy?

👉 Is there potential for improvement in terms of sector and country allocation?

👉 Is there a stock that you think should definitely not be missing?

Looking forward to your opinions and tips!

#dividendenstrategie
#einzelaktien
#passiveseinkommen

Dear Community,

For some time now, I have been struggling with the idea of using (re)insurers such as $MUV2 (+0,7 %) or also $HNR1 (-0,08 %) in my portfolio. But also the $ZURN (-0,61 %) and the $SREN (-0,36 %) have popped up from time to time.

While searching for a suitable ETF, I then came across the Invesco STOXX Europe 600 Optimized Insurance ETF $SC0Y (-0,8 %) came across it.

Here are a few key facts about the ETF:

• Comprises 20 companies, led by
• $ALV (-0,81 %)
  (14,34%),
• $CS (-0,36 %)
  (12,27%),
• $ZURN (-0,61 %)
  (11,59%) and
• $MUV2 (+0,7 %)
  (10,99%)
  (as at: 11.06.2025)
• Includes mainly companies from Germany (28,4%)Switzerland (24,4%)United Kingdom (15%) and France (13%) (as at: 11.06.2025)
• Fund volume: just under 50 million, and rising (as at: 19.06.2025)
• TER: 0.20%
• Management type: passive
• Dividend: Accumulating

I would like to invest just under 15% of my portfolio in this ETF.

Questions:

• How do you generally rate the idea of holding (re)insurers in your portfolio?
• How do you rate the relatively small number of companies in the ETF? Risk assessment?
• What do you think of the ETF? Can you explain why it has a fund volume of "only" 50 million, while, for example, the more than twice as expensive iShares STOXX Europe 600 Insurance UCITS ETF (DE) $EXH5 (-0,36 %) has a fund volume of more than 450 million - even though both ETFs have almost identical growth?

Thank you in advance for your constructive feedback. And remember to drink enough water in this weather! 💧

@Dividenden_Monteur
@BamBamInvest
@DividendenAlpaka
@RenditeRudin

Source:

https://www.invesco.com/de/de/financial-products/etfs/invesco-stoxx-europe-600-optimised-insurance-ucits-etf-acc.html

I'm doing so well that I'm flying thousands of kilometers to drink gin and tonic in Cyprus.

I also invested the money from the EUR/USD short trade.

Very clear investment recommendation for Cyprus, price-performance ratio is impeccable, rather the English "upper class" in Pafos, like Mallorca 30 years ago.

$LMND (-0,96 %)

History:

$LMND (-0,96 %) is an insurance company that was founded as a public benefit corporation and has its headquarters in New York and its European branch in Amsterdam. Lemonade has been traded as a public company on the New York Stock Exchange since July 2020.

$LMND (-0,96 %) Insurance was founded in 2015 by Daniel Schreiber and Shai Wininger with the goal of revolutionizing the insurance industry through technology. The company started by providing home insurance and relies heavily on artificial intelligence and chatbots for claims processing and customer service.

$LMND (-0,96 %) has experienced rapid expansion, including an IPO in 2020 and expansion into Germany

business model:

Lemonade, Inc. offers renters, homeowners, auto, pet and life insurance.

Current market capitalization 3 billion

The company's full-stack, artificial intelligence-powered insurance carriers in the United States and European Union replace brokers and bureaucracy with bots and machine learning. The company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, and to collect and utilize data.

Its technology includes Data Advantage,

AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper.

AI Maya, the onboarding and customer experience bot, uses natural language to assist customers in the onboarding process.

AI Jim, the claims reporting bot, receives the customer's first claim and pays the claimant or rejects the claim without human intervention.

The company offers pet insurance policies that cover diagnoses, procedures, medication, accidents or illnesses. Even the basic pet insurance covers blood tests, urinalysis, laboratory tests and CT scans.

What is the Lemonade $LMND (-0,96 %)
Giveback?

Giveback is at the heart of Lemonade. This core element of the business model enables customers to use their Lemonade insurance policies to support causes that are close to their hearts.

Since 2017, Lemonade has $LMND (-0,96 %) donated over 10 million US dollars to help build new homes, provide clean water, improve education, promote animal rights and much more.

Here's how it works:

When a customer purchases a $LMND (-0,96 %) renters, homeowners, auto or pet insurance, charges a flat fee to cover $LMND (-0,96 %) a flat fee to support and grow the business. A portion of the premiums goes towards claims settlement and the balance goes directly to one of their Giveback Partners - non-profit organizations selected by our customers.

$LMND (-0,96 %) is a non-profit corporation:

$LMND (-0,96 %) is a Public Benefit Corporation and a certified B Corp, which means they are legally committed to making a positive social impact. B Corp certification is awarded to companies that demonstrate that they balance profit and purpose while putting people and the planet at the center.

Every three years, they undergo a comprehensive assessment of their entire organization.

Number of employees: 1 258 (end of 2024)

Profitability:

$LMND (-0,96 %) Approaching a turning point, possibly offering a promising investment opportunity.

Profitability increases with size, as costs do not rise due to additional premiums, as is normally the case with conventional insurance companies.

Management expects EBITDA profitability in 2026 and net profit profitability in 2027.

They see an extremely clear path to profitability:

They also have a clear path to profitability :

- Loss ratio from 92% to 73

- Net profit margin -123% to -20.2%

- Continued increase in sales growth rates

Growth:

Growth is currently still controlled, but the real growth is yet to come, with sales growth rates continuing to rise in the last two quarters.

They have been able to achieve these growth rates without an expansive expansion (both in existing and additional potential states) of automobile insurance, which represents a huge opportunity for $LMND (-0,96 %) represents a huge opportunity.

Car insurance

$LMND (-0,96 %) currently has around 2.3 million customers who use renters, pet and other insurance products. These customers use $LMND (-0,96 %) for one reason: favorable price and convenience.

The share of car insurance is currently still very small and has a lot of room for expansion, so if we were to assume that only 30% of them become car insurance customers with an average annual turnover of USD 1,800, that would be an additional USD 1.24 billion in turnover per year ... just by cross-selling 30% (without any other new customers)

Pet insurance:

The pet insurance market was a $5 billion market in the US last year. It is expected to reach 6 billion dollars in 2025 and 15.7 billion dollars by 2030, growing by 22% annually.

$LMND (-0,96 %) - Total annual premiums recently surpassed the $1 billion mark. So if you were to capture 50% of the pet insurance market, premiums would increase eightfold in just five years (800% assuming the projected growth above)

Trupanion (green line) has a 25% market share today. $LMND (blue line) is around 5%.

However, the search trend will continue to have a positive effect for $LMND (-0,96 %) especially as it is only just beginning to expand further into all states. (This also applies to the other insurance segments)

Opportunities/long-term potential:

I think the future possibilities and opportunities for $LMND (-0,96 %) a supposedly boring industry are enormous.

The insurance market has one of the largest TAMs of all.

The global insurance market was worth around USD 8 trillion in 2024. The USA and China are the largest insurance markets worldwide, with the USA leading the way with a market share of around 45% and China with around 10%.

• Slight international expansion (online)
• Product expansion (additional lines)
• Enormous cross-selling potential
• Decreasing dependence on reinsurance
• Simple and fast premium calculation, conclusion and claims settlement (through AI)
• Already tested/calculated in-house: https://www.lemonade.com
• 10-fold sales opportunity

$ALV (-0,81 %)
$MUV2 (+0,7 %) , $HNR1 (-0,08 %) , $PGR (-1,35 %) , $GEC , $ALL (-0,89 %) , $AIG (-0,32 %) , $UNH (+0,09 %) , $CVS (-0,84 %) , $UQA (+0,09 %) , $G (-0,85 %) , $VIG (-1,59 %)

The reinsurance company Munich Re $MUV2 (+0,7 %) is withdrawing from several international climate initiatives at the same time, following the example of $BLK (-1,26 %) which also announced a comprehensive withdrawal from climate policy just last week.

While the company used to be one of the loudest advocates of climate policy and net zero targets, it is now justifying its withdrawal with increasing legal uncertainty and and inconsistent regulatory requirements in various countries. CEO Joachim Wenning also criticizes the fact that many climate reporting obligations have hardly contributed to reducing emissions. However, he affirms that Munich Re will continue to work behind the scenes to protect the climate.

Cynical observers, however, see the sudden change of course as a tactic. In recent years, Munich Re had significantly increased its risk premiums with reference to the potential threat posed by climate change, which also sustainably improved the company's earnings situation. Now that political support for ESG projects in particular is dwindling, the company no longer wants to be publicly associated with the controversial content of ESG initiatives or continue to take responsibility for them.

My opinion: In my view, Munich Re is demonstrating a very skillful and pragmatic approach to lobbying. Instead of bluntly clinging to idealism and decisions from the past, the Board of Management reacts appropriately to the situation and tries to create added value for investors within the framework of the shareholder approach. This increases my trust in the Board of Management and has prompted me to start a savings plan on Munich Re in my secondary portfolio.

Addendum from yesterday: the profits from the EUR/USD trades of the last 3 weekends in $MUV2 (+0,7 %) invested.

I am now at 8 of the desired 12 shares.

$MUV2 (+0,7 %)

Servus,

Does anyone on your side happen to know why and why the dividends from Munich RE $MUV2 (+0,7 %) are not recognized or noted and deposited in the GetQuin securities account?

Is this also the case for you or is there a specific reason for this?

But have a pleasant trading week.