I'd rather suspend the savings plans, build up cash again and wait until it crashes again, when I can make individual purchases or set up savings plans again.

$NOVO B (-1,83 %)

$UNH (-0,41 %)

$ASML (+0,64 %)

$MC (-0,48 %)

Another question that has nothing to do with this article. Why is $GIS (+0,95 %) going so badly? Have we already seen the low point?

1

6 Commentaires

Uwe@SchlaubiSchlumpf

1J

In addition to mean reversion, there is also the random walk. Nobody knows whether mean reversion will come today, tomorrow or in 5 years' time. It could be even worse. If you make consistently poor returns over the next 5 years, you will also have mean reversion and still miss out on returns. Or even more extreme: the market continues to make average returns on average and the current overvaluation becomes the new benchmark. Do I believe that? Nope. Could it happen? Definitely. But I don't want to take the risk of not finding the right entry point for several years.

•

5

•

wealth.builder101

@wealth_builder101

1Sem.·

My investable universe

When I‘m screening markets for my investable universe I look for high-quality compounders with:

Strong and consistent capital returns (ROCE)
High and stable profitability (gross, operating, and FCF margins)
Steady revenue growth over time
Large market capitalization (mature, established companies)

In detail I’m screening for:

Market Cap: at least $ 10B
ROCE 3-Year Avg: ≥ 25%
ROCE 10-Year Avg: ≥ 25%
Gross Margin 3-Year Avg: ≥ 50%
FCF Margin 3-Year Avg: ≥ 20%
Operating Margin 10-Year Avg: ≥ 25%
Revenue per share CAGR 3-Year: ≥ 5%
Revenue per share CAGR 10-Year: ≥ 5%
FCF per share CAGR 3-Year: ≥ 10%
FCF per share CAGR 10-Year: ≥ 10%
Consistency/stability of earnings (from max. 1.0): ≥ 0.8
No more than 75% revenue exposure to one single country/market (eg. USA)

Here are my current holdings:

3

1Sem.·

My Portfolio

Today I‘m sharing with you my main portfolio. This doesn’t include any ETF investments and crypto currencies / gold etc. since I want to focus my presence on getquin on stock-picking.

Read my 3-part portfolio strategy posts to get the full picture - here are just the main pillars of what I‘m doing:

Long-term buy and hold (average holding time 5+ years at least)
Focus on high-ROIC compounders riding secular trends (top-tier capital efficiency)
High margins, strong FCF growth, large moats (7 powers strategy)
Holding not more than 20 stocks at a time while mainly focusing on US and EU based companies

I like to divide my holdings into „core holdings“ (forever stocks) and „trend picks“ (2030 stocks) as follows:

Core Holdings (“Forever Stocks”):

Growth Picks (“2030 Stocks”):

20Positions

37,12 %

10

2 Commentaires

risk_taker_1816@risk_taker_1816

1Sem.

Amazon 2,5k% Plus damn what’s you’re buy in on that one

•

2

•

Afficher la réponse

wealth.builder101

@wealth_builder101

1Sem.·

My portfolio strategy (part 3)

I use the 7 Powers framework from the book “7 Powers: The Foundations of Business Strategy” by Hamilton Helmer. It’s a killer framework for understanding why some businesses create lasting value and compound returns over time.

Each “Power” is a sustainable strategic advantage that lets a company generate outsized returns for a long time. I ask the 7 questions for each stock I am considering to buy.

1. Counter-Positioning

What it is: A new entrant adopts a superior business model that incumbents can’t copy without damaging their own biz.
Example: Netflix vs. Blockbuster. Blockbuster couldn’t move to streaming without killing its DVD revenue.
Why it matters: Creates asymmetric pressure; the old guard is paralyzed.

2. Scale Economies

What it is: Unit costs drop as volume increases.
Example: Amazon, Costco. Bigger = cheaper = stronger moat.
Why it matters: Hard to compete if you can’t match their cost base.

3. Switching Costs

What it is: Customers stick around because switching is painful.
Example: Adobe Creative Cloud, Microsoft Office, Salesforce.
Why it matters: High retention = stable cash flows = compounding machine.

4. Network Effects

What it is: The product gets better as more people use it.
Example: Meta, Visa, LinkedIn.
Why it matters: Leads to dominance, creates a feedback loop of growth.

5. Branding

What it is: Emotional or symbolic value, not just functional.
Example: L’Oréal, Hermès, Apple.
Why it matters: Lets companies charge premium prices and keeps customers loyal even if alternatives exist.

6. Cornered Resource

What it is: Exclusive access to a critical asset — talent, IP, data, supply.
Example: ASML (EUV tech), Novo Nordisk (Ozempic IP), Ferrari (brand + heritage + team).
Why it matters: If no one else can get it, you win.

7. Process Power

What it is: Unique internal processes that drive efficiency, innovation, or quality — and are hard to copy.
Example: Toyota (lean manufacturing), Amazon (logistics, culture of innovation).
Why it matters: Long-lasting edge baked into the org’s DNA.

If I had to chose one, Network effects would be the most important one for me.

Here are my current holdings:

3

1Sem.·

The course tastes good 🤩😍

$MC (-0,48 %)

23.05

LVM

LVMH

Acheté x1 à 468,45 €

468,45 €

11

5 Commentaires

HenryTLK@HenryTLK

1Sem.

I'll try it again and wait a little longer. 😅

•

7

•

Afficher la réponse

JaWin

@FinanzielleFreiheit25

1Sem.·

LVMH Get in now?

What is your assessment of LVMH as a long-term investment for the future?

Has the bottom already been reached and will there be a turn around in the near future?

22.05

LVMH

Acheté x1 à 481,00 €

481,00 €

22

16 Commentaires

Bavarianholder@Bavarianholder

1Sem.

At 400€ I get in

•

14

•

Chris

@Multibagger

1Sem.·

There are also negative aspects

Before anyone thinks I'm always right, here's an example of how that's not the case. But since someone asked me yesterday to post something negative, I'm happy to do so. First and foremost, however, I do this to explain my trading strategies a little more. So if a value like the one below $MC (-0,48 %) does not develop in the right direction that I expect right from the start, I get out at around -20% at the latest. I don't buy more and hope for improvement. My thought when I entered the trade was a short-term positive development due to the tariff reduction. It didn't work out and I can live with that.

21.05

Call @394.26EUR LVMH Common Stock Open-End

a vendu x20 à 9,60 €

192,00 €

23,20 %

8

3 Commentaires

DerDanner@Therapeut

1Sem.

My worst handle ever... when everything rises... LVMH falls... and if they rise then with the lowest percentage...

•

1

•

Voir toutes les 2 autres réponses

Novius

@Novius

3Sem.·

China as an opportunity for European equities?

Until recently, close business relations with China were considered a blemish - investors punished such shares with discounts. But now the narrative has changed abruptly: Following the agreement in the trade dispute with the USA, China is suddenly being seen as an opportunity again.

"Welt" has analyzed data from the US investment bank Goldman Sachs analyzed. Goldman has compiled several indices that are heavily influenced by the China issue and which show how much of a discount the values still have.

Some European tech stocks with high China business are also identified as potential winners.

Some examples:

$ASM (+2,65 %) - ASM International | Potential +27%

$ASML (+0,64 %) - ASML +16%

$SHL (-0,05 %) - Siemens Healthineers +26%

$MC (-0,48 %) - LVMH +15%

$ADS (-1,23 %) - Adidas +19%

Source: Welt, 13.05.25 (excerpt)

4

wealth.builder101

@wealth_builder101

3Sem.·

My portfolio strategy (part 2)

Concentrate on the following sectors: Tech, consumer, healthcare, financial (excluding banks), industrials
Smallest position size 2% / largest position size 15%
Only sell a position when it can be replaced with a position that increases the overall quality of the portfolio
Avoid companies with little to no track record or companies going through a restructuring phase

Here are my current holdings: