Very nice. I really like the portfolio. It's difficult to say who will win the stock market race in 2024. But I thought Amazon's figures yesterday, for example, were very good. Perhaps many investors will focus more on this company again in the current year 🤔🔮.
•
22
•
@CashDividendGamer Thank you!
And interesting thoughts on Amazon. I'm very conflicted about Amazon. On the one hand, I'm a satisfied customer and the cloud business is super exciting.
On the other hand, I'm not a big fan of e-commerce because the margins are usually very low.
All in all, I cover the cloud business with Microsoft and Alphabet. For e-commerce, I tend to rely on Mercadolibre $MELI
They continue to grow extremely strongly, especially in Latin America, which I don't otherwise have in my portfolio. In addition, there is certainly a bit of Argentina fantasy here.
For these reasons, Amazon, along with Tesla, is not in my portfolio. I have covered all of the other 5 Magnificent 7 (Apple, Microsoft, Alphabet, NVIDIA, Meta)
And interesting thoughts on Amazon. I'm very conflicted about Amazon. On the one hand, I'm a satisfied customer and the cloud business is super exciting.
On the other hand, I'm not a big fan of e-commerce because the margins are usually very low.
All in all, I cover the cloud business with Microsoft and Alphabet. For e-commerce, I tend to rely on Mercadolibre $MELI
They continue to grow extremely strongly, especially in Latin America, which I don't otherwise have in my portfolio. In addition, there is certainly a bit of Argentina fantasy here.
For these reasons, Amazon, along with Tesla, is not in my portfolio. I have covered all of the other 5 Magnificent 7 (Apple, Microsoft, Alphabet, NVIDIA, Meta)
•
22
•
@Mister_ultra Is the margin at MercadoLibre higher than at Amazon? Amazon urgently needs to get a grip on the number of returns...
I only have them in my depot because of AWS.
I only have them in my depot because of AWS.
•
11
•@KevinC Very good point and, to be honest, I can't answer the question at all.
Mercadolibre's growth is much stronger. Almost 30% p.a. is expected from 23-26. At Amazon "only" 11%.
Therefore, the margin at Mercadolibre is not yet so important to me, as growth is still very high.
There is also the point of the completely different regional positioning. Latin America is virtually not represented at all in the portfolio.
All in all, the margin issue will only become important for me in comparison when the growth is more or less equalized.
Mercadolibre's growth is much stronger. Almost 30% p.a. is expected from 23-26. At Amazon "only" 11%.
Therefore, the margin at Mercadolibre is not yet so important to me, as growth is still very high.
There is also the point of the completely different regional positioning. Latin America is virtually not represented at all in the portfolio.
All in all, the margin issue will only become important for me in comparison when the growth is more or less equalized.
••
@Mister_ultra I only have Vale from South America. I've also rated ML several times, but somehow I can't warm to it. But I also see potential there.
••
@CashDividendGamer I know one thing
I do not
I do not
••