Company portrait
Performance
International growth
General strategy
Own productions
Competition
Account sharing
Password sharing
Advertising-financed
subscription models
Quarterly figures
Outlook
Link: https://shorturl.at/9iG0y
Postes
269Company portrait
Performance
International growth
General strategy
Own productions
Competition
Account sharing
Password sharing
Advertising-financed
subscription models
Quarterly figures
Outlook
Link: https://shorturl.at/9iG0y
The start of summer in June combined sport and leisure for me. By that I mean swimming, hiking, running and sport at home. Apart from the incoming dividends, I hardly noticed anything on the stock market. It was not the strongest distribution month due to the postponement of three distributions, but it was still a very strong one. Time for a review.
Overall performance
The portfolio tended to tread water in June, but that is no cause for concern. Bit by bit, it is fighting its way out of the lows of the customs conflict. And cash flow continues to be generated by distributions to the clearing accounts. The key performance indicators are:
Share allocation & performance
Which shares performed particularly well in June? Which are at the top and which at the bottom of the rankings? Which were the biggest losers?
Size of individual share positions by volume
Smallest individual share positions by volume:
Top-performing individual shares
Flop performer individual shares
ETFs vs. shares
The breakdown of ETFs vs. shares across all portfolios is 38.7% to 61.3%. This differs from the breakdown of my ETFs to equities savings plans (43% to 57%). Equities have performed better, which is due to the fact that I also include high-dividend ETFs in the ETFs.
Investments and additional purchases
Here is a brief overview of what I have invested in savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases were made from other surpluses:
There were no additional purchases from the components of my cashback pension (e.g. reimbursements from health insurance premiums, insurance premiums, shopping vouchers, etc.) this month.
If you would like to know how my cashback pension supplements my equity and ETF pension, please let me know.
Passive income from dividends
My income from dividends amounted to € 152.30 (€ 179.04 in the same month last year). This corresponds to an increase of -14.94 % compared to the same month last year. The following is further key data on the distributions:
The top payers are:
My passive income from dividends (and some interest) mathematically covered 15.91% of my expenses in the month under review.
Crypto performance
My crypto investments also moved a little:
I find the topic exciting, but it is very underrepresented in my overall portfolio due to my passive income strategy. The first profits have already been realized and more will definitely follow. For me, crypto is a lever to turn play money into even more play money, which is then put into the solid distributors to make the income snowball grow bigger and bigger. New accumulation will take place in the coming bear market.
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows:
Outlook and conclusion
I'm using the summer, which has already begun, not only for hiking, but also for city trips for my "non-financial" TikTok and Insta channel. I can often be found at one of the lakes near Leipzig, which were once created from the open-cast mining pits of the brown coal era. It's nice that the lunar landscapes have become a local recreation area. That's why I'm less active at the moment. That will certainly change again in the fall.
For now, I'm just enjoying life, and my money continues to work stubbornly and steadily for me in the background. Current events in the world and in politics don't interest me in the slightest. As I write this review, the first third of the summer will soon be over.
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 You'll find regular posts there as well as the portfolio and budget review: @frugalfreisein
How did your June at the depot go? Do you have any tops & flops to share? Leave your thoughts in the comments!
🔹 Revenue: $11.08B (Est. $11.07B) 🟢; UP +16% YoY
🔹 EPS: $7.19 (Est. $7.08) 🟢; UP +47% YoY
🔹 Free Cash Flow: $2.27B (Est. $2.17B) 🟢; UP +87% YoY
Raised FY25 Guidance
🔹 Revenue: $44.8B–$45.2B (Est. $44.56B) 🟢; from $43.5B–$44.5B
🔹 Operating Margin: 29.5% (Est. 29.7%) 🟡; from 29%
🔹 Free Cash Flow: $8.0B–$8.5B (Est. $8.91B) 🔴; from ~$8.0B
Q3'25 Guidance
🔹 Revenue: $11.53B (Est. $11.28B) 🟢
🔹 EPS: $6.87 (Est. $6.70) 🟢
🔹 Operating Income: $3.63B (Est. $3.47B) 🟢
🔹 Operating Margin: 31.5% (Est. 31.4%) 🟢
Q2 Segment Revenue (YoY)
🔹 U.S. & Canada: $4.93B (Est. $4.89B) 🟢; UP +15% YoY
🔹 EMEA: $3.54B (Est. $3.50B) 🟢; UP +18% YoY
🔹 Latin America: $1.31B (Est. $1.34B) 🔴; UP +8.6% YoY
🔹 APAC: $1.31B (Est. $1.32B) 🔴; UP +24% YoY
Other Key Q2 Metrics:
🔹 Operating Income: $3.78B (Est. $3.69B) 🟢; UP +45% YoY
🔹 Operating Margin: 34.1% (Est. 33.6%) 🟢; UP +6.9ppts YoY
🔹 Operating Cash Flow: $2.42B (Est. $2.38B) 🟢; UP +88% YoY
Commentary:
🔸 “We’re raising our FY forecast for revenue and operating margin, primarily due to the depreciation of the U.S. dollar and ongoing business momentum.”
🔸 “We still expect ad revenue to double in 2025.”
🔸 “Response to our recent price adjustments has been broadly in line with expectations.”
🔸 “Our streaming model continues to scale profitably with improved engagement and monetization.”
Many of us think about our budget - income minus expenditure, that's fine. But we prefer to have something left over to invest. But if you don't want any surprises in the long term, you need to think a little further ahead. Liquidity planning is the magic word. It sounds more technical than it is: it's simply about knowing when you need how much money - not just today or this month, but also in six months, next year and in five years' time.
What is liquidity planning?
In short, it's a plan that shows you how your cash flow will develop over time. You record your monthly income and expenditurebut also one-off or irregular coststhat may only be incurred once or twice a year - for example taxes, health insurance premiums or vacations. And you think about what capital requirements you will need in the future: What's coming up? A car? Relocation? Further training?
The goal is simple: you want to remain solvent at all timeseven when major expenses are on the horizon - and at the same time avoid unnecessary cash reserves sitting in your savings account.
Why is this relevant?
The truth is: Every month costs the sameeven if it doesn't seem like it at first glance. Rent, public transport season ticket, food - sure, you know the fixed monthly costs. But what about the big chunks that are only due once a year? Or every 3 or 6 months?
In Switzerland, for example, the tax bill between March and October, depending on the canton. Households pay on average 10-18% of their income for taxes and social security contributions. Also health insurance premiums, Serafe, SBB-GA or the car insurance are often incurred annually. If you don't plan ahead for these costs, you can quickly end up in the red or have to rush to sell assets, which is not ideal.
How can you visualize this?
You don't have to be an Excel pro. There are now several tools that can help you with this:
It is important that you not only track your monthly fixed costsbut also create a kind of cash flow calendar calendar. In other words: what major expenses are coming when? And do you have enough reserves for them? Can you reliably divide your irregular bills or bills that come in in 3-6-12 month cycles over the month?
If so, and you become a "pro", you can go even further and plan your expenses, especially one-off expenses, in the short, medium and long term.
What is short, medium and long term?
Incidentally, the classic rule of thumb for nest eggs is three to six months' wages on the side - not for investment, but for solvency. But...
And what if I...
...live alone and earn irregularly? Then you need more of a buffer and have to plan more conservatively.
...have a family with children? Then you should allow for seasonal expenses (vacations, school, childcare) and keep a portion variable.
...are still studying or in training? Then transparency about every expense is more important than perfection - even a simple monthly plan helps.
= In the end, you have to find out what works for you and how risk-averse you are. What is certain, however, is that too much liquidity has a negative rather than a positive impact on your asset performance. But you have to be able to cope with this mentally.
Where do things get stuck in practice?
To be honest, most people underestimate the irregularity of their expenditure. People think they live "monthly", but they actually live in payment cycles. The tax bill doesn't come out of nowhere - but it still hits you like a brick if you don't have it on your radar.
What's more, many people either plan too short-term or they park too much money in the wrong account - and wonder why their savings account barely grows or why they suddenly fall into a liquidity hole. Why don't you set up a few savings accounts for specific purposes if it helps?
How do I develop my own liquidity plan?
Start with a review of the last 12 months:
What remains (hopefully): The monthly savings installment. You can now use this freely to invest, increase your liquidity, etc. Depending on your needs.
Liquidity planning sounds like something for entrepreneurs or CFOs at first. But to be honest, every household has a cash flow. If you don't know it, you live from surprise to surprise. And they are rarely positive.
So I've invested another hour (besides football) - I hope for your benefit! Let me know if it was of any use to you. ♥️
Happy investing
GG
Just created my IBKR account, invested a little bit on some hyper-speculative items... we will see.
$NFLX (-1,71 %) announced that it will open a third entertainment center in 2027, this time in Las Vegas, to expand its brand presence and profile beyond streaming.
The "Netflix House" will allow fans to immerse themselves in the worlds of their favorite shows and movies and will include themed gift stores with exclusive merchandise and restaurants.
The streaming giant's latest initiative will allow it to generate additional revenue and diversify its business model, increase customer loyalty and strengthen Netflix's market position through innovation in entertainment.
The first two Netflix Houses will open in Philadelphia at the King of Prussia Mall and in Dallas at the Galleria Dallas at the end of 2025.
"This is fandom coming to life, where you can actually immerse yourself in the worlds you've seen and loved for years," said Chief Marketing Officer Marian Lee.
The Philadelphia location will debut experiences based on popular titles such as "Wednesday: Eve of the Outcasts" and "ONE PIECE: Quest for the Devil Fruit" The Dallas location will offer immersive experiences featuring "Stranger Things: Escape the Dark" and "Squid Game: Survive the Trials"
World premiere for $NFLX (-1,71 %)
Netflix enters into a partnership with French broadcaster TF1 for the first time.
From summer 2026, Netflix subscribers in France will be able to stream all five linear TF1 channels and over 30,000 hours of on-demand content (e.g. The Voice, telenovelas, live sport) directly via the Netflix app
This move marks a turning point - Netflix is integrating traditional TV content to enhance its platform while boosting advertising revenues, as live linear TV is particularly attractive to advertisers.
Similar deals, e.g. with the UK, could follow.
A few initial targets:
Hello my dears...
There have been adjustments to the Sina 40
Out:
$JNJ (-0,41 %)
$ALV (-3,44 %)
$CS (-7,32 %)
$NVDA (-3,83 %)
$7974 (-1,8 %)
$ULVR (+1,78 %)
$NFLX (-1,71 %)
NVIDIA only 50%
apart from j+J, there was considerable profit-taking in some cases (I think 25% is comparatively high for a company like Unilever)
In:
$ANET (-6,38 %)
$ORCL (-5,29 %)
$6857 (-1,72 %)
$AVGO (-3,24 %)
$TXN (-1,51 %)
$COST (-0,18 %)
Stocked up:
The remaining cash is € 2330, which will remain there for the time being. Currently the Sinas is 40, therefore only one Sinas 39. Let's see where the cash will then go in number 40
PS: the chart has been completely messed up by the adjustments. We were actually at 2.71 % 1 Y
BEFORE: I have completely revised my portfolio review. There are now even more in-depth figures to see and I have greatly reduced the body text. Only my introduction is a little more detailed. The visual overview on Instagram has also been completely revamped. There is also a budget review, which I am not publishing here as a post. However, I have included a few key figures from this one in the portfolio review.
I am very happy about likes here at GQ and on both IG posts, as the complete renewal has cost me a lot of nerves and time. 🙃 If you also want to know how my personal finances have developed, I'd like to refer you to my personal budget review on Instagram.
In future, I will publish my detailed assessments on individual topics that were previously part of the review (such as crypto cycles or my succession strategy for crypto) separately in individual posts on GQ. Perhaps as a kind of supplementary post.
Are you missing important key figures or do you have suggestions for optimization? Constructive suggestions are always welcome.
For me, May was characterized by calm and composure, because I kept the noise of the markets and US trade policy away from me. I can do no more than simply buy more. I like to refer here to the stoic way of thinking, which focuses on prioritizing what you can influence. And that is my personal development. So that meant doing sport (at home with YouTube cardio and strength, abs, core, running), stockpiling Instagram posts so that I have some breathing space in the summer and delving deeper into the topic of AI. And the tax return was also completed. Meanwhile, dividends have been stable with the second strongest month ever, which was April. Time for a deep dive into my figures.
Overall performance
My portfolio performed well in May. Bit by bit, we are fighting our way up from the tariff lows. The key performance indicators are
Share allocation & performance
Which shares performed particularly well in May? Which are at the top of the chain and which at the bottom? Which were the biggest losers?
Size of individual share positions by volume
Share: Share of total portfolio in % (portfolio)
Smallest individual share positions by volume:
Share: Share of total portfolio in % (securities account)
Top-performing individual shares
Share: Performance since first purchase % (securities account)
Flop performer individual stocks
Share: Performance since first purchase % (securities account)
ETFs vs. shares
The breakdown of ETFs vs. shares across all portfolios is 38.8% to 61.2%. This differs slightly from the breakdown of my ETFs to equities savings plans (43% to 57%).
Investments and subsequent purchases
Here is a small overview of what I have invested via savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases: as one-off savings plans as part of my cashback pension, reinvested discounts from previous grocery and drugstore purchases and a refund from the health insurance bonus program.
If you want to know how my cashback pension tops up the share and ETF pension, please let me know.
Passive income from dividends
My income from dividends amounted to € 163.13 (€ 89.68 in the same month last year). This corresponds to an increase of +42.32 % compared to the same month last year. The following is further key data on the distributions:
The top payers are:
My passive income from dividends (and some interest) mathematically covered 21.08% of my expenses in the month under review.
Crypto performance
My crypto investments also moved a little:
I find the topic exciting, but it is very underrepresented in my overall portfolio due to my strategy. Profits have long since been realized, my focus here has long been elsewhere. Accumulation will take place in the coming bear market.
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows:
Outlook and conclusion
According to the tax estimate, I can expect a tax refund. When this arrives, part of it will be donated and the rest will of course be reinvested. May was also a no-spend month for me and, as a convinced frugalist, this went off without a hitch. I was able to reflect more closely on my spending behavior and even found further potential despite my basic low spend attitude. Now I'm preparing a Hartz IV/citizen's allowance experiment for at least 3-4 months (or more) for the second half of the year. Simply because I feel like challenging myself. My planned expenses and provisions according to the budget only just exceed my theoretical entitlement to citizen's allowance. More info coming soon on Instagram. After March and April, I was again able to record expenses of less than €1,000 per month in May. This will change in June due to a large annual insurance premium, but maybe I'll be lucky and stay at a maximum of €1,100 to €1,200. As in the previous months, I will continue to use the early summer in June for hiking, swimming and day trips.
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 As well as the depot and budget review, there's also: @frugalfreisein
How was your May at the depot? Do you have any tops & flops to share? Leave your thoughts in the comments!
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