Last week I further increased my position in $MC (+2,92 %) further expanded.

The luxury sector is currently still under pressure. In particular, weaker demand in China and the generally subdued consumer environment are weighing on business development. In my view, however, it is precisely these uncertainties that have led to the share now being valued much more attractively than a few years ago.

For me, the company remains $MC (+2,92 %) a high-quality company with strong brands, a solid market position and a long history of profitable growth. Even if the coming quarters could continue to be challenging, I believe in the long-term strength of the business model and the global demand for premium and luxury goods.

I have therefore used the current weakness to further expand my existing position.

~ No investment advice ~

Hey,

The fifth month of the year is already over. Once again, a lot has happened that’s throwing my finances into disarray. I’m starting to worry that I won’t be able to reach my goal—and that I might even be stagnating. But more on that later. Let’s take a look at the performance, as usual.

📈 Performance:

S&P 500: +9.50%

MSCI World: +8.00%

DAX: +7.10%

Dividend portfolio: +3.94%

My top and bottom performers in May were (Top/Flop 3):

🟢 ($CSCO (-0,81 %) ) Cisco Systems +32.18%

🟢 ($LLY (-2,25 %) ) Eli Lilly +18.93%

🟢 ($TXN (+1,63 %) ) Texas Instruments +12.84

🔴 ($PEP (+0,1 %) ) Pepsi -8.31%

🔴 ($TSCO (+0,3 %) ) Tractor Supply -9.25%

🔴 ($PETR4 (-1,68 %) ) Petroleo Brasileiro -12.25%

Dividends:

May 2026: €348.79

May 2025: €369.70

Change: -5.66%

E.On’s dividend was paid out in April this year, and I also paid capital gains tax on the Allianz dividend. That’s how this difference came about. On a gross basis, there was a 3.54% increase compared to the previous year.

Sales:

🟥 None

Purchases:

🟩 3 shares of Procter & Gamble ($PG (+0,69 %) )

Savings plans:

($CTAS (-2,69 %) ) Cintas (€50)

($MC (+2,92 %) ) LVMH (€50)

($MSFT (-0,15 %) ) Microsoft (€25)

What else has been going on?

As I mentioned at the beginning, quite a bit happened in May that’s throwing my financial planning into disarray. First off, the first bill for the solar panel system came in, and it needs to be paid. That was planned, though. So far, so good.

My laptop broke, so I had to get a new one. That wasn’t planned and is another blow.

For the building insurance, the new construction discounts are gradually being phased out, which is why the premium here is also €120 higher than usual. But I didn’t just miscalculate that—I also didn’t anticipate the payment being debited at all. Well, that’s just how it goes with debits that only come once a year.

Furthermore, the tax return has been filed, and we now have to pay an additional €1,200 (income from my wife’s self-employment).

On the other hand, the solar panel system won’t be connected until the end of June, which is why the final bill will likely arrive in July. So maybe I’ll manage to pay for the system without having to dip into the money set aside for the loan payoff. Everything will work out, and I’m not worried that anything might go wrong. The money is there, I just don’t want to touch it. But as is often the case, something like this really throws the finances into disarray, and with the additional expenses (home insurance and a laptop), I’ll have to save up that money again. My hope of investing fully again starting in April was already gone anyway. But now I’ll probably be busy building up my emergency fund again for the whole year, which will cost me another year of investing. So I don’t know how much more I’ll be able to invest at all.

My pension portfolio has currently been reduced from €650 to €500. This is also something I didn’t want to do, but it’s now unavoidable. However, the €500 will definitely continue to be invested.

🥅 Goals for 2026:

I’m aiming to reach €85,000 in my dividend portfolio this year. I’m currently at around €78,500, so at least theoretically, anything is still possible. I still have the dividends to reinvest. A pure price increase would now require an 8% rise. So that’s a bit unrealistic. But with the reinvestment of dividends plus price appreciation, it’s definitely doable.

If you enjoyed this post and would like to read more like it, feel free to follow me;

if you’re not interested, feel free to scroll past or use the block feature.

Yes, I thought about it for a long time, but after almost 2.5 years of holding and a downward trend, I think there are better investments than $MC (+2,92 %) especially because I personally tend to invest in growth-oriented individual stocks.

I have just balanced out the loss pot with my $RKLB (-12,68 %) position, which I definitely want to get back into because I find the company super exciting.

Tuesday:

From today's perspective, ECB Director Isabel Schnabel considers an interest rate hike in June to be necessary in response to higher inflation. Presumably only a significant fall in oil prices can change this assessment.

https://www.handelsblatt.com/finanzen/geldpolitik/ezb-direktorin-isabel-schnabel-aus-heutiger-sicht-halte-ich-zinserhoehung-im-juni-fuer-noetig/100227889.html

$RACE (-2,8 %) Ferrari presents its first electric car, the Luce. The news was not initially well received on the stock market, partly because the Ferrari would look more like an Apple car than a Ferrari. The 550,000 euro car will be available from the fourth quarter.

https://www.t-online.de/mobilitaet/aktuelles/id_101269292/ferrari-luce-elektro-sportwagen-kommt-mit-5-sitzen-und-mehr-als-1000-ps.html

$MC (+2,92 %) LVMH reports organic sales growth of 1% in the first quarter. Adjusted for currency effects, however, sales fell by 6%. China appears to be stabilizing, while sales in the Middle East are falling by double digits. The Arnault family continues to stock up.

https://trading-treff.de/aktien/lvmh-aktie-china-stabilisiert-sich-naher-osten-bricht-ein

Wednesday:

$MBG (-0,44 %) Mercedes wants to be the first manufacturer in Germany to sell cars with highly automated driving. Autonomous cars could be driving through cities as early as 2027. Mercedes would be the first manufacturer to reach level 4.

https://www.spiegel.de/mobilitaet/auto/autonomes-fahren-mercedes-bietet-ab-2027-drive-pilot-in-deutschland-an-a-11c179d8-6389-4c42-86ed-ec1ac4ee6281

Friday:

Slight recovery on the labor market in Germany, with the number of unemployed falling below 3 million for the first time since December. However, the effect is mainly due to the seasonal recovery. Vacancies are mainly in the care sector, in the skilled trades, as well as among doctors and in the social sector.

https://www.handelsblatt.com/politik/konjunktur/arbeitsmarkt-arbeitslosenzahl-faellt-erstmals-seit-dezember-unter-drei-millionen/100224596.html

After a long time of active trading and many reallocations, I would like to share my current portfolio transparently with you and deliberately collect feedback / discussions from the community :) (so ready for a qualified roast)

I originally come from the "active" corner with many certificates, warrants and tactical trades - some very successful, some with total losses. Over time, I've realized that although you can land some strong individual hits, the long-term capital allocation and structure of the portfolio is ultimately decisive.

I am therefore currently trying to realign my portfolio:

On the one hand, to continue to take advantage of opportunities for above-average returns, but on the other hand to finally build up a stable ETF/fund base.

My basic assumptions about the market at the moment:

• Many large tech stocks still look ambitiously valued or overheated to me
• In the medium term, I expect rotation rather than a linear "everything continues to rise" trend

That's why my portfolio currently looks a little unusual:

• large positions as a basis in AI & biotech funds, which currently have paused savings plans (due to overheating) ($KJGJC0 (+1,21 %) & $DWWD (+0,14 %) )
• plus turnaround bets such as Nike or Pernod Ricard (many repeat purchases, now a bit of a stomach ache) ($NKE (-1,67 %) / $RI (-0,02 %) )
• Macro/future themes such as copper, rare earths or quantum computing (under construction) ($ARU (+5,69 %) , $COPA (+2,81 %) , $QNTM (+1,49 %) , $WSML (+1,69 %) )
• and occasionally leveraged products and software stocks ($MSFT (-0,15 %) , $SAP (+0,45 %) , $NOW (-1,4 %) , $MC (+2,92 %) ,...)

My goal now is to build up the whole thing in a cleaner and more structured way and finally set my sights on the 100k.

I have about €2,000 per month available to invest and would like to use it to

• build up a strong ETF/fund base
• but at the same time consciously make individual high-conviction bets
• and significantly scale my portfolio in the long term

What suggestions / recommendations do you have for me with regard to further ETFs or individual positions?

I am also happy to receive critical feedback or counterarguments to my theses. That's exactly why I'm sharing the portfolio here 🙂

I have now thrown out over 15 positions. These are now things from two portfolios . This is now being done continuously with a savings plan. Further expanded everything.

Some now say that there are still a lot of stocks but there are two portfolios to emphasize extra. I used to have a lot of overlaps in the luxury sector or banks and I have now only focused on two things. $RMS (+1,77 %) instead of $MC (+2,92 %) or also $V (+1,03 %) instead of $AXP (+2,27 %) of course the tech stocks which are also all in the ETF. But I think I have now found a good compromise for me or which stocks would you throw out now?

As promised, here is the detailed stock analysis of our purchase $MC (+2,92 %) LVMH:

https://youtu.be/1kO7rZ--m5Q?is=0LO1l97gsj_hiFIh

I have been holding $MC (+2,92 %) for a while now and am about to decide to sell it with almost 30% due to the volatility and hardly any growth in the last months/years

The company is actually my favorite of the luxury goods peer group due to its size, brand diversity and other products/items it offers! But it seems to me that the air is slowly running out.

I urgently need opinions other than chat gpt