Good evening everyone,
The first steps have been taken. I sold the following shares today:
$KMB (+1,01 %) A weak underperformer that operates in a business sector with a poor stomach.
I simply don't see any significant growth opportunities here over the next few years. I'd rather put the money into my broadly diversified world ETF or other investments. I got out with just under +10 %.
$PAYX (+1,33 %) Out with around 6.5 % and the reasons for the sale are largely the same as for Kimberly-Clark.
$MSTR (-12,57 %) After the rapid rise of the last few weeks, this has become too risky for me. I got out after a short holding period with around 28%.
In addition, the correlation with Bitcoin is very strong. And I'd rather hold my own $BTC (+1,02 %) . From another perspective, if the value of the Bitcoin held is roughly half the market capitalization and you ignore the high level of debt, I still don't know where the other half of the market capitalization comes from.
The dividend aristocrat Procter & Gamble was actually also on the hit list for today $PG (+2,05 %) Ecolab $ECL (+1,09 %) and Colgate $CL (+0,76 %) . I'm still not 100% sure about these, hence the vote. I would like to take a closer look. I was particularly fascinated by the 12m chart for Colgate. It looks as if a child has drawn a straight line from bottom left to top right. It's similar with Ecolab, where they have made around 45% in twelve months with dividends. (With Colgate around 40 %)
What happens next? The portfolio will be further reduced/concentrated. The BDCs are high on the hit list $ARCC (+0,68 %)
$MAIN (+1,2 %)
$HTGC (-0,22 %)
REITs, on the other hand, can stay, as they currently have strong momentum and could benefit from falling interest rates. The only one I'm not quite sure about yet and would like to take a closer look at fundamentally when the opportunity arises is $STAG (+1,32 %)