Time for a little update 🧐

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From the original 77 positions, 46 are now left.

Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative growth stocks. 😜

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This week I sold my meme stocks, among other things:

$RKH (-3,97 %)

$GKP (-4,71 %)

$VWS (-6,15 %)

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Now the Reits are relatively high on the hit list, in particular $NNN (-3,55 %) and what continues to be a topic of indecision for me are the Magnicent 7. On the one hand the best and strongest stocks of the time, on the other hand already strongly represented in the ETFs, but also their drivers.

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How many shares do I want to reduce the portfolio to? Here, too, I am now torn. The original target would have been 30 stocks. However, I am increasingly convinced that the ideal portfolio size is 10 positions, like fingers on hands. But I think it will be very, very difficult to reduce my portfolio any further.

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I have one question for you. How do you deal with acquisitions when a stock has run away from you, so to speak? In my case, for example $PLTR (-5,61 %)
$1810 (-6,83 %) and $SOFI (-9,78 %) . I would like to increase this position, but I'm already a bit up. An additional purchase would destroy my average purchase price.

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Unpopular trades Part XXII

Was bought $META (-7,48 %) 🤫

And although I don't believe in share savings plans, I have actually activated a savings plan on $BRK.B (-4,1 %) activated. As I am very convinced of Berkshire based on my latest findings.

NNN Reit - national retail properties

$NNN (-3,55 %)

At 8:41 a.m. today, NNN announced a dividend of $58 cents per share as of Nov. 15. The ex date is October 31.

So we are dealing with a dividend aristocrat that has been increasing its dividends for over 35 years.

In addition, the positive news of the last few weeks has meant that we have reached a new 52-week high today and are getting ever closer to the all-time high.

As some of you may know, a few weeks ago I started the battle to reduce my portfolio from 77 positions to 25-35.

At first it was quite easy to find stocks that I no longer wanted, but gradually it has become more and more difficult. In the meantime, I have already sold quality companies 🤦‍♀️ and often toyed with the idea of keeping the rest.

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However, in my opinion this would be a mistake, as there are still many positions in my portfolio that do not fit in with a growth strategy.

So today, I have added the obvious dividend stocks and placed an SL order on each of them.

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I proceeded as follows:

Agree Realty $ADC (-0,14 %) SL set at 59,70€

National Retail $NNN (-3,55 %) 40,-€

Hercules $HTGC (-5,89 %) 16,07 €

Omega $OHI (+1,6 %) 29,14€

Bats $BATS (-3,22 %) 30,00€

Ares Cap. $ARCC (-5,64 %) 17,- €

Main Street Cap. $MAIN (-5,18 %) 43,43€

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I am open to suggestions for improvement and comments 🧘

A small but mighty dividend aristocrat, today's payout was 2.7% more than in the last quarter. An increase for the 35th year in a row.😊👍

⚠️US-PCE inflation report for January 2024:

• The PCE (Personal Consumption Expenditures) Price Index is the Federal Reserve's preferred inflation measure, reflecting changes in consumer spending on goods and services
• Ex. REITs (Real Estate Investment Trusts) from FED

📈 Immediate reaction:

• Equity futures 📈
• US dollar 📉
• Bond yields 📉

✨ Core PCE prices rise:

The Fed's preferred inflation indicator, US Core PCE prices, rose 2.8% Y/Y, in line with expectations and slowing from 2.9% in December. This is the lowest annual reading since March 2021.

📉 Headline PCE inflation:

Increase of 2.4% Y/Y, hits estimates, following a 2.6% rise in December. This is also the lowest level since March 2021.

🔢 Monthly changes:

US PCE prices rose 0.3% M/M, in line with estimates. US Core PCE prices also increased by 0.4% M/M, in line with expectations.

🔑 Main finding:

The slowdown in core PCE inflation is good news for the Federal Reserve.

🚀 However...

...US inflation continues to rise much faster than the Fed's target of 2%.

🧐 Core inflation remains stubborn:

It is likely to remain well above the Fed's target for the foreseeable future. The Fed's fight against inflation is therefore far from over.

💡 Perspective:

Contrary to market expectations of a rate cut in June, I believe a cut is unlikely to come until late Q3 as inflation is taking longer than hoped to return to the Fed's 2% target.

Source:

• https://www.bea.gov/data/income-saving/personal-income

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Digression:

Headline PCE inflation captures all categories of personal spending by measuring the average price change for all goods and services purchased by consumers for consumption purposes. This comprehensive view makes it an important indicator of overall inflation in the economy.

$O (-3,11 %)
$ADC (-0,14 %)
$VICI (-4,11 %)
$NNN (-3,55 %)

$VICI (-4,11 %) an interesting point of view

The article also refers to $O (-3,11 %) and $NNN (-3,55 %) or used as a comparison

https://seekingalpha.com/article/4657284-a-deep-look-at-vici-properties

A 2nd tranche. Would not have thought that the 2nd tranche comes so quickly😅 I stock up but still like cheaper if nothing has changed in the business.

A first position opened by this dividend aristocrat.

In particular, the stable financial situation due to the long maturities, makes the company exciting in a competitive comparison.

In my opinion, the share price offers a nice entry opportunity 💪🏼