Hello everyone,

I have been thinking and considering for some time now. After my portfolio presentation, I looked again and thought about how and which strategy I want to pursue exactly.

Here is my first approach for the new strategy:

📊 60% Core - ETF savings plans

$IWDA (+0,26 %) -> 25 %

$VHYL (+1,36 %) -> 15 %

$DGIT (+0,29 %) -> 20 %

🧭 30 % satellite savings plan

$MSFT (-0,07 %) -> 10 %

$KO (-0,86 %) -> 10%

$PEP (-0,1 %) -> 5%

$ASML (+0,24 %) ->5 %

🎯 10% opportunity satellites - savings plan

$NVO (-1,61 %) -> 5%

$BTC (+0,37 %) -> 2,5 %

$ARCA (+35,96 %) -> 2,5%

What do you think of this setup? I would let the current shares continue to run and sell them at a profit when the opportunity arises.

This would be my second attempt to build a proper portfolio. My budget is not that big but I am making the best of it. I am open to suggestions and ideas. If you know a better setup then just post it in the comments. 😊

I'm still relatively at the beginning so please be forgiving 😅.

Got my small profits from $MSFT (-0,07 %) & $AMZN (-0,52 %) from the sharp sell-off in April and shifted into this sector ETF, as it contains the stocks mentioned above and many other exciting companies.

In addition to the $VWRL (+1,33 %) as my core & the $TDIV (+1,23 %) I will now $XAIX (+1,06 %) I will now continue to build it up over the next few years using a savings plan.

$MSFT (-0,07 %)
$GOOGL (-3,03 %)

Good morning my dears,

I have just been asked to reselect my browser on my smartphone.

I was wondering to what extent this new law will affect my two investments, Microsoft and Alphabet?

And couldn't it hurt Alphabet the most because Chrome is the default browser on most devices?

Let me know your thoughts on this in the comments.

The law on browser choice, more specifically the EU's Digital Markets Act (DMA), aims to promote competition in the digital space by imposing more obligations on big tech companies to give users more choice, especially when it comes to choosing browsers and search engines.

Background:

The DMA is an EU law that came into force on March 6, 2024 and is aimed at "gatekeeper" companies, i.e. large platforms that play an important role as intermediaries between users and digital services.

The aim is to prevent these gatekeepers from exploiting their dominant market position to suppress competition and restrict choice for users.

In concrete terms, this means the choice of browser:

Users should be able to freely choose their default browser on their devices without being restricted by pre-installed apps or other measures.

This applies to Android devices as well as other platforms on which major technology companies offer services.

Google Chrome, for example, has been required by the EU to offer users a choice of search engines when they launch the browser for the first time.

The law is also intended to facilitate interoperability between different services so that users can, for example, exchange data between different platforms more easily.

In summary, the Browser Choice Act, or DMA, is an important step towards making the digital market fairer and more open by giving users more control and choice when using browsers and other digital services.

Partial sale $MSFT (-0,07 %)
$NVDA (-1,17 %)

Purchase $ESLT (-1,37 %)
$BATS (-0,58 %)

Here are some thoughts on the shortening of the dollar:

Where does the dollar currently stand?

-> still historically high, but!

Current bias of the market:

-> shorting the dollar is therefore not

original idea (crowded trade)

Some catalysts for a dollar reversal:

> Trade surplus and financing abroad decrease

(Example: remittances to Mexico fall to a historic low)

-> growing "dollar shortage

> US dollar has decoupled itself from the rise in interest rates in the short term. This will become relevant in due course (more on this in the conclusion).

(shown is the expected interest rate differential of the USA compared to the other G10 countries - over the next 2 years)

Conclusion/opinion: Even if the US dollar has lost its "safe haven" status in the eyes of some investors, despite its historically high valuation, I believe we will see a return to "dollar safety" with the next full-on crisis in another country, especially EM.

It has to be said that I am personally bearish on the dollar in the long term (10+ years), but it is easy to nuke your account when shorting.

I also don't think hedging is necessary for 99% of the community, as it also requires the right sizing, for example - not to mention that I think it only makes sense from a portfolio size of mid 6-digit to 7-digit range.

On this topic @Epi and @leveragegrinding have also written articles on this topic, take a look at them!

For the additional reach 😉

$NVDA (-1,17 %)
$GOOGL (-3,03 %)
$1211 (+1,58 %)
$MSFT (-0,07 %)
$BTC (+0,37 %)

The CPI US Consumer Price Index rose to 2.4% in May 2025 for the first time in four months, up from a low of 2.3% in April 2021, although it was below the expected 2.5%. On a monthly basis, the CPI rose by 0.1%, which was below both the previous month's figure of 0.2% and the expected 0.2%.

Food prices rose by 2.2% year-on-year, following an increase of 2.8% in the previous month. Energy costs fell by 3.5% year-on-year, following a fall of 3.7% in April. Energy prices fell by 1.0% on a monthly basis.

Prices for used cars and trucks rose by 1.8% year-on-year, following a rise of 1.5% in the previous month. Housing costs rose by 3.9% year-on-year, following an increase of 4.0% in April.

The annual core inflation rate, which excludes the volatile food and energy sectors, remained steady at 2.8%, the lowest level since 2021 and below the expected increase to 2.9%. The monthly core CPI also rose by 0.1%, but remained below the 0.2% in April and the expected 0.3%.

$DAX
$NDAQ (-0,24 %)
$SPY (+0,19 %)
$NVDA (-1,17 %)
$BTC (+0,37 %)
$MSFT (-0,07 %)

$AMD (+1,26 %)
$MSFT (-0,07 %)

Powered by the latest $AMD (+1,26 %) APU 🔥

The fifth month is now over. Somehow just as volatile as the other months, but this time at least in positive territory. The S&P500 has made up some ground, although it is still down YTD.

In May, I recorded a gain of 2.12%. This corresponds to a value of almost 2500€.

The Dax (+5.06%) has beaten me again. This is already becoming the norm. In May, the HSBC MSCI World (+3.26%) also beat me. However, I am still ahead for the year.

Over the year as a whole (YTD), I have again lost ground to the DAX, which has risen sharply again. This time the MSCI World was also able to catch up strongly. Nevertheless, as you can see above, I am still ahead of the MSCI World this year.

My high and low performers in May were (top 3):

Tesla ($TSLA (+0,99 %) ) +22,79%

Microsoft ($MSFT (-0,07 %) ) +17,31%

Texas Instruments ($TXN (-0,3 %) ) +16,57%

Imperial Brands ($IMB (-1 %) ) -7,06%

Eli Lilly ($LLY (-1,85 %) ) -17,69%

UnitedHealth ($UNH (-1,67 %) ) -28,08%

United Health is again among the worst performers. Eli Lilly is now also among them. The pharmaceutical stock has now also fallen quite a bit for me. Nevertheless, I am still well up. Imperial Brands also did very well this year and can therefore correct a little again. Tesla is doing Tesla things again and Microsoft is generally on the up anyway. It is pleasing that Texas Instruments has risen again. This stock is quite volatile due to all the customs issues.

Dividends:

In May, I received €413.70 net from a total of 15 distributions.

Compared to May 2024 (€358.98), this was an increase of 15.24%.

There are now some more dividends in June, before July is by far the worst dividend month.

Investments:

The build-up of the nest egg is still not complete. I haven't received the bill for the car repairs yet, so I still have to set aside some money for that. Apart from that, the nest egg is growing, but it will take some time before it is at a satisfactory level. I'm currently tending to keep it at least €10,000 (because 5 figures is cooler).

Purchases and sales:

There were no sales in May.

I bought or increased United Health (2x)

savings plans (€125 in total):

• Cintas ($CTAS (-0,04 %) )
• LVMH ($MC (-1,1 %) )
• Microsoft ($MSFT (-0,07 %) )

Goals 2025:

My goal is still to have €130,000 in my portfolio at the end of the year. The goal is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.

This comes from selling useless stuff on eBay, additional income from e.g. "neighborhood help" etc.

The worse the share price, the more additional cash has to be raised.

Target achievement at the end of May 2025: 38.88%

Thanks to the good May, I have come a good deal closer to the average. Nevertheless, the year could still go a little better for me. But the feel-good factor is still 100%.

How was your May? The Rewind for May is already available. It looks quite nice too.

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, you can keep scrolling or use the block function.