$WEBN (+0,86 %)

$TDIV (+0,21 %)

$DE000LS9U6W1 (+1,44 %)

$KLAC (+5,53 %)

$ANET (+2,46 %)

$GOOGL (-0,15 %)

$DCTH (-0,95 %)

$965515 (+1,28 %)

A new TR update has just been announced, stating that several exchanges are now available, as well as Lang and Schwarz at a cost of 2€ per order. Since I currently $DE000LS9U6W1 (+1,44 %) —like many others here—I’m wondering if it will be tradable there as well? I’ve already looked for it but haven’t found it

Finally, some movement in 3xGTAA again! Unfortunately, this time it's in the wrong direction:

Asset Performance 06/26 (May 30–June 30, according to Wikifolio)

2xWTI: -29.4%

3xQQQ: -1.9%

3xEU50: +15.8%

3xGTAA Portfolio (June 30, according to Getquin)

May 30, 26: €144,555

June 30, 26: €136,040

Wikifolio Certificate (June 30, mid-market rate according to Wikifolio)

May 30, 26: €225.80

June 30, 26: €211.60

Month: -6.3%

YTD: +29.6%

June 2026 Review

With a loss of over 6%, the month didn’t go as well as hoped. The losses were mainly due to oil. Gains in the stock markets weren’t enough to offset them. But that’s just how it goes. Things can’t always go up. Overall, the fluctuations remained within expected limits.

Outlook 06/26

The Iran issue has now been suspended for 60 days. What will actually happen after the negotiations is still completely up in the air. The markets appear to be playing the TACO trade. Another factor that has come into play is Warsh, the new Fed chair. Interest rate cuts in 2026 are now likely completely off the table. The key issue for the summer is likely to be the discussion about shrinking the Fed’s balance sheet, which is intended to withdraw a significant amount of liquidity from the markets without having to raise interest rates.

These developments are reflected in the assets within 3xGTAA: WTI is being removed from the portfolio, and USDEUR Long is being added in its place. Alongside QQQ and EU50, this is the only remaining asset class in an uptrend above the SMA150.

The allocation for 7/26 is therefore:

3xUSDEUR

3xQQQ

3xEU50

Report from the 3xGTAA Workshop

Recently, during a discussion, someone asked me how my portfolio would have performed. When I said approximately 25% per year since 2023, the response was that the same results could have been achieved with a Nasdaq 100 ETF and without leverage. That may be true—even for 3xGTAA—but it overlooks an important question: How dependent is a strategy’s performance on the overall market?

First, there’s always some stock index that outperforms your own strategy over a given period. If you knew the performance in advance, you could always bet on the best-performing index for the coming year and outperform all the others. Unfortunately, I don’t know that. And second, because of this uncertainty about the future, a strategy that systematically achieves the same performance with greater independence from the overall market is better. After all, you want to be able to make money even if the Nasdaq 100 slumps for a decade or two.

The most important metric for a strategy’s independence from a benchmark market is beta. In short: A beta of 1 means that a strategy tracks the benchmark market (e.g., MSCI World) on a 1:1 basis (e.g., 100% B&H MSCI World ETF). A beta of 0 means that the strategy performs completely independently of the benchmark market (e.g., 100% money market ETF). A beta of -1 tracks the benchmark market inversely (e.g., 1x Short DAX ETF). A strategy that achieves the average performance of the MSCI World (approx. 7% per annum) with a beta of 0 would therefore be excellent. The belief that one might as well have just invested in the MSCI World itself misses this important point. But you only realize this once the MSCI World has been performing significantly poorly for an extended period.

3xGTAA has a 1-year beta of -0.3 relative to the MSCI World and the Nasdaq 100. This means the correlation is slightly negative compared to these major indices. It doesn’t look so great when both indices are rising, but this is put into perspective as soon as they start to fall. So: Always look at the whole picture before passing judgment on a strategy!

A personal note

Since some of my posts were recently deleted by Getquin without comment—for whatever reason—I’ve decided to make my most important posts available via an external link on my profile page. There you’ll also find older posts from the early days of GTAA and on other topics. Enjoy! Suggestions for improvement are always welcome:

https://e.pcloud.link/publink/show?code=kZ4VAcZWGzWxTqxyLLYiAc5GgkJnYHQq8lX

May this momentum be with you, too!

Yours, Epi

(with a new logo)

https://www.wikifolio.com/de/de/w/wf03x0gtaa

$DE000LS9U6W1 (+1,44 %)

$DE000LS9U6W1 (+1,44 %)

True to the motto “shut up and take my money,” I topped up my position again and have now reached my target of 100 shares. After yesterday’s dip, I first paid the “spread of death” and then realized that my margin account didn’t have enough to make it up to 100. The remaining four followed today; the spread was more favorable, but the price had risen again.

This time it'll be a little longer, too :)

Actually, it's even better right now than it was in that transaction 😭.

50% of the target has been reached.

I have now taken the plunge and joined@Epi joined.

#3xGTAA

Asset performances 05/26 (30.4.-30.5, according to Wikifolio)

2xWTI: -22.5%

3xGLD: -0.8%

3xQQQ: +28.6%

3xGTAA Depot (30.5., according to Getquin)

30.04.26: 146.940€

30.05.26: 144.555€

Wikifolio certificate (30.5., mid-price according to Wikifolio)

30.04.26: 228,50€

30.05.26: 225,80€

Month: -1.2%

YTD: +38.2%

Review 05/26

After a quiet April, May also remained without any notable movements. Oil and the Nasdaq100 almost balanced each other out: when one went up, the other went down and vice versa. A nice hedge in uncertain times.

Outlook 06/26

The Iran issue seems to be slowly dissolving. Stock markets are rising, gold and oil are continuing to recover. However, we should keep an eye on the rising yields at the long end due to inflation. They are draining liquidity from the capital markets and putting a prospective strain on them. This is accompanied by a significant shift in the portfolio.

As already indicated in recent reports, gold has now finally fallen below the SMA150 after almost 2.5 years and is leaving the portfolio. It will be replaced by the No. 3 asset class with the strongest momentum in the pool: Eurostoxx50.

The allocation for 6/26 is:

2xWTI

3xQQQ

3xEU50

This means that the portfolio is officially in risk-on mode in June.

Report from the 3xGTAA workshop

Lately the comment has been popping up here on Getquin, "I have 3xGTAA as a stability anchor." (@multibagger, you know who I mean!) At first glance, this seems strange given the leveraged nature and associated volatility of the strategy. For Auntie Else with a savings account and Riester contract, the statement is unlikely to apply. An MSCI World ETF saver could also have difficulties with it. After all, 3xGTAA fluctuates roughly as much in a day as MSCI World does in a week. Nevertheless, the statement could make sense.

The point is not so much the volatility of 3xGTAA, but the uncorrelated nature of that volatility to other asset classes. If someone has a portfolio that has some highly correlated assets, e.g. US memory chip stocks, then a certain amount of 3xGTAA can actually lower the overall volatility of the portfolio if the fluctuations are in opposite directions. "Stability anchor" is perhaps not quite the right word here, because an anchor hardly moves or does not move at all. In my opinion, the more appropriate term would be "counterweight". The asset structure of the rest of the portfolio is always decisive for whether a leveraged multi-asset momentum strategy fits into one's own portfolio and, if so, to what weighting. For Auntie Else, 3xGTAA remains a no-go.

Another issue: The "Trader is self-invested" status is displayed on the Wikifolio website. This only means something to a limited extent, as this requires a proven investment of €5,000. To make it clear that this is a bit more for me, I'll share a portfolio statement with the shares I hold.

May the momentum continue to be with you!

Your Epi

https://www.wikifolio.com/de/de/w/wf03x0gtaa

$DE000LS9U6W1 (+1,44 %)

I started investing slowly in 2021 and am now 33 years old. After initial mistakes that everyone probably makes, I'm now probably on the right track, which lets me sleep extremely relaxed. Savings rate 750 euros and if it fits there are still individual purchases. No hype stocks, just relaxed, steady wealth accumulation with additional dividends. This year it should be just under 2000 euros net and that's just the beginning. In addition to my ETFs and a few individual shares, I have $BTC (+0,47 %) and $$DE000LS9U6W1 (+1,44 %) which are also fed with individual purchases. Next year I'm planning to buy a car, so I have money in my call money account to buy the car without a loan. Life can be so simple. I wish all investors continued rising prices 🚀