VanEck Defense ETF A

ETF

ISIN: IE000YYE6WK5

Ticker: DFEN

IE000YYE6WK5

DFEN

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Discussion sur DFEN

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Tenbagger2024

@Tenbagger2024

1J·

Wave of upgrades, being there is everything

$DFEN (+0,24 %)

Hello everyone, over the last few days I have been wondering which company could benefit the most from the enormous investments in armaments. Which company is still reasonably fairly valued and where might it still be worth entering?

However, as I have realized that there is not just one company, the question arises as to whether I should add the whole bouquet to my portfolio.

In my search for the bouquet, I looked for an index. And I came across the

MarketVector Global Defense Industry Index

came across. The MarketVector Global Defense Industry Index provides access to companies worldwide that are active in the military or defense industry.

During my further research, I then came across the

VanEck Defense UCITS ETF A. $DFEN (+0,24 %) I came across the VanEck Defense UCITS ETF A.

The VanEck Defense UCITS ETF A is the only ETF that replicates the MarketVector Global Defense Industry Index. The ETF replicates the performance of the index through full replication (purchase of all index components). The dividend income in the ETF is accumulated (reinvested in the ETF).

The VanEck Defense UCITS ETF A is a very large ETF with a fund volume of EUR 2,979 million. The ETF was launched in Ireland on March 31, 2023.

Now my question would be to the ETF experts in the community.

What do you think of this ETF?

The TER (total expense ratio) of the ETF is 0.55% p.a. Is it worth these costs, there are also cheaper defense ETFs.

USA 59.33%

France 10.60%

Italy 6.84%

South Korea 4.95%

Israel 4.10%

Singapore 3.22%

Great Britain 3.05

Germany 1.09%

Other countries

The high proportion of US companies could be a disadvantage. However, when I look at the US companies, I see less of a disadvantage.

With 8.53% Palantir, the ETF offers a good opportunity to continue playing the hand and minimize the risk of the high valuation a little.

Palantir Technologies, Inc. 8.53%

Thales SA 8.07%

Booz Allen Hamilton Hldg 7.80%

Leidos Holdings 7.68%

Leonardo SpA 6.84%

Curtiss-Wright 6.78%

BWX Technologies 5.13%

CACI International 4.28%

Elbit Systems 4.10%

SAAB 3.84

The US stocks may even have an advantage now, because they have taken a beating in recent weeks. And should now slowly start to pick up again. As you can already see today

$CACI (+7,33 %) and $BAH (+7,02 %) recognizable today.

@Memo0606 Perhaps an alternative to Caci!

Furthermore, I still see potential in European stocks. Because Europeans want to pick these companies and it has only just begun.

I also like the fact that through the ETF you can invest in

HANWHA AEROSPA.CO (South Korea)

because unfortunately this is difficult as an individual investment.

Overview of returns

Current year +15.66%

1 month +7.15%

3 months +12.64%

6 months +37.51%

1 year +45.26%

3 years -

5 years -

Since inception (MAX) +117.66%

2024 +52,70%

Please tell me your opinion on my thesis, I look forward to your comments.

https://www.justetf.com/de/etf-profile.html?isin=IE000YYE6WK5

www.justetf.comVanEck Defense UCITS ETF A | A3D9M1 | IE000YYE6WK5

@BigMo

1Sem.·

The most important European defense companies: Top 10 and stock valuation

A little update on current events: I took a look at the largest defense companies in Europe and thought it might be of interest to you.

So here's a brief overview of the ten most important players - with a few basics about the companies, their figures (turnover, valuation, etc.) and an assessment of how much potential they still have.

These companies are currently the focus of the armaments boom and are very popular with many investors.

➡️ BAE Systems (UK) $BA. (-4,92 %) - British defense technology

P/E RATIO (P/E): approx. 21.7 on a trailing basis; expected ~19.4 (2025e)
P/E RATIO (P/S): approx. 1.60 current; expected ~1.37 (2025e)
Dividend yield: ~2.2 % (annual dividend ~31 pence)
Share price (March 2025): ~£14.07 (approx. €16)
Market capitalization~£42 billion
Outlook: Solid sales growth (~+5% expected for 2025)
Analysts mostly with Buy-recommendation (11 buy, 5 hold, 1 sell)

📈 Rating:

BAE Systems appears to be fairly valued at the current fairly valued to slightly favorable. The P/E ratio in the low 20s already reflects good business figures, but is in line with the industry as a whole

In view of rising defense spending and a solid order situation, moderate growth is expected, which underpins the valuation. The share is therefore considered neither highly overpriced nor a bargain - with slight upside potential. upside potential thanks to sustained demand in the defense sector.

➡️ Airbus (Defense & Space, EU)
$AIR (-1,71 %) - European aerospace group

P/E RATIO (P/E): ~30.9 current; expected ~24.9 (2025e)
P/E RATIO (P/S): ~1.89 current; expected ~1.73 (2025e)
Dividend yield: ~1.5 % (incl. special dividend; regular ~1.1 %)
Share price: ~165 €
Market capitalization: ~131 bn €
Outlook: Civil and military aircraft demand high; 2025 delivery target raised
Analyst consensus positive (price targets ø ~€182, ~+10% upside)

📈 Valuation:

Airbus is primarily rated as fair to slightly fair to slightly demanding valuation is seen as fair to slightly demanding. The high current P/E ratio ~31 reflects pandemic-related earnings weakness, but should fall significantly in 2025.

At a P/E ratio of ~1.8, the sales valuation is moderate. As production and profits are likely to increase in the coming years, the share appears reasonably valued. Greater share price potential depends on growth (e.g. higher jet deliveries); if this is successfully realized, the valuation could prove to be justified be justified.

➡️ Leonardo S.p.A. (Italy)
$LDO (-8,27 %) - Italian defense and aerospace group

P/E RATIO (P/E): ~22.5 current; expected ~20.6 (2025e)
P/E RATIO (P/S): ~1.35 current; expected ~1.17 (2025e)
Dividend yield: ~0.7 % (share price € 38.56, dividend € 0.28)
Share price: ~38-39 €; Market capitalization: ~21 bn €
Outlook: Strong order situation due to defense technology (market cap. +100 % in 12 months)
Analysts see further upside potential; earnings estimates moderately rising (double-digit sales margins).

📈 Valuation:

Leonardo appears favorably valued compared to the industry favorably to fairly valued. With a P/E ratio of around 20 and a P/E ratio of ~1.3, the valuation is below that of many Western European peers. The low dividend yield reflects a strategy focused more on reinvestment.

In view of double-digit growth (share price +~100 % YoY), there could still be upside potential upside potential if margins continue to rise. Overall, the moderate valuation level suggests that Leonardo is rather slightly undervalued provided that growth in defense electronics and aerospace continues.

➡️ Thales S.A. (France) $THALES (+1,38 %) - Defense Electronics, Aeronautics & Security

P/E RATIO (P/E): ~28.5 current; expected ~24.3 (2025e)
P/E RATIO (P/S): ~2.0 current; expected ~1.9 (2025e)
Dividend yield: ~1.8 % (rising towards ~2 % expected)
Share price: ~197,7 €
Market capitalization: ~39 bn €
Outlook: Solid sales growth (orders in defense and cybersecurity). 2024/25 profit increase expected (forward P/E <25)
Analysts mostly positive (stable business areas, diversification).

📈Valuation:

With a P/E ratio close to 28, Thales is listed at the upper end of the industry scale, but this is partly justified by the stable earnings situation and growth in the civil electronics business. The P/E ratio of ~2 signals that investors are paying slightly more for sales than for pure defense companies - a premium for the profitable cyber/digital business. Overall, the share appears fairly valuedalthough not cheap.

Since Thales, as a broad-based technology group, is benefiting from rising defense budgets, the current valuation seems justifiable; there is further growth potential. growth potential growth potential exists, but larger share price gains are likely to be linked to higher-than-expected earnings growth.

➡️ Rheinmetall AG (Germany)
$RHM (-6,84 %) - Vehicle and weapon systems, ammunition

P/E RATIO (P/E)very high, ~76.9 current (TTM); expected ~51.8 (2025e)
(current profits depressed by investments).
P/E RATIO (P/S): ~4.95 current; expected ~4.37 (2025e)
Dividend yield: only ~0.6 % (5.70 € div. / share price ~1006 €)
Share price: ~1.040 €; Market capitalization~44 bn €
Outlook: Extraordinary sales growth expected - forecast for 2025 raised to € 11-12 bn sales (compared to ~€ 7 bn in 2023)
Investors have already strongly priced in this expectation (share price > €1000; +≈50% in 6 months)

📈Valuation:

After the rapid rise in the share price, Rheinmetall appears very ambitiously valued. Although the current P/E ratio (>75) is not very meaningful due to extraordinary costs, even the forward P/E ratio of around 52 signals high expectations

The low dividend yield and P/E ratio of ~5 underline that the share is already anticipating a major future jump in sales and earnings. If Rheinmetall achieves its optimistic growth targets (keyword: special assets of the German armed forces, NATO orders), the key figures could fall in the future. Until then, however, the share is considered overvalued - Investors are paying a high price for the growth potential. The upside potential is therefore subject to risks; setbacks in major orders could lead to corrections.

➡️ Dassault Aviation (France) $DAU - Fighter aircraft (Rafale) & business jets

P/E RATIO (P/E): ~24.1 current; expected ~21.4 (2025e)
P/E RATIO (P/S): ~3.8 current; expected ~3.2 (2025e)
Dividend yield: ~1.37 % (div. € 3.37 at share price ~€ 246)
Share price: ~249 €
Market capitalization: ~19 billion €
Outlook: Increasing export demand for Rafale jets and growing business with private jets. Analysts expect profit growth in the coming years (P/E ratio declining <22). Participation in Thales provides strategic added value.

📈Valuation:

Dassault Aviation appears to be moderately valued. The current P/E ratio of ~24 is in the mid-range and the company has little debt, which puts the higher P/E ratio (~3.8) into perspective. Investors are paying a premium for the high net cash position and future major orders (fighter jets).

Overall, the share is considered fairly valued - neither obviously undervalued nor too expensive. In view of the stable margins and special role (high-end military aircraft), a slightly higher sales multiple is justifiable. The growth potential (e.g. through defense projects and new Falcon business jets) could provide medium-term share price momentum without the valuation getting out of hand.

➡️ Saab AB (Sweden)
$SAAB B (-3,46 %) - Defense systems, aircraft (Gripen) & security

P/E RATIO (P/E): ~40.9 current; expected ~32.0 (2025e)
P/E RATIO (P/S): ~2.7 current; expected ~2.3 (2025e)
Dividend yield: ~0.7 % (estimate) - Saab pays out small amounts every six months due to dividends.
Share price~320 SEK (Swedish krona);
Market capitalizationSEK ~173 bn (approx. € 15-16 bn)
OutlookStrong order backlog (e.g. fighter aircraft, submarines). For 2025, 12-16% organic sales growth is forecast with disproportionately high EBIT growth. Analysts mostly Buy (5 Buy, 2 Hold) - they are counting on a catch-up effect in margins.

📈Valuation:

Saab is currently quite highly valuedwhich reflects the future opportunities. A P/E ratio of ~41 is above average for defense companies and signals that current profits are (still) low - in fact, Saab invests heavily in development, which squeezes margins. The price/sales ratio of ~2.7, on the other hand, is roughly comparable with other aerospace companies. Should the envisaged double-digit growth materialize and profitability increase, the valuation will be put into perspective (forward P/E ~32).

However, the company is currently paying an advance on future profits, so that Saab is rather slightly overvalued is slightly overvalued. The growth potential (in particular through higher defence spending in Scandinavia and new Gripen export orders) is high - if it is realized, the valuation should return to a normal range in a few years.

➡️ Rolls-Royce Holdings (UK) $RR. (-1,2 %) - Engines for civil aviation & military, energy

P/E RATIO (P/E)~25 (TTM) according to current share price; profits are returning after years of losses.
P/E RATIO (P/S)~3.3 (based on Feb. 2025)
Dividend yield: 0 % (dividend suspended since 2020)
Share price: ~£6.20 (approx. €7.35; equivalent to ~$9.35)
Market capitalization: ~$79.5 billion (≈ £52 billion)
Outlook: Turnaround underway - profit growth expected again from 2025 after restructuring. Analysts are optimistic (12 Buy, 3 Hold, 1 Sell) and see long-term upside potential of ~5% above current levels. High debt remains a risk, but commercial engine maintenance contracts and defense division provide cash flow.

📈Valuation:

After the share price multiplier in 2023 (share price +~245 % in 2023), Rolls-Royce is now no longer clearly undervalued. The P/E ratio of ~25 looks moderate, but it should be borne in mind that this is based on the recently positive earnings - margins are still low.

The sales valuation at approx. 3.3 times sales is in the midfield between classic defense and civil aircraft manufacturers. Without a dividend and with a debt burden, Rolls must first prove that the turnaround is sustainable. Overall, the share is currently fair to slightly overvalued as there is a lot of future potential (e.g. new generations of engines, small modular reactors) in the share price. If the hoped-for jump in profits is achieved in the next few years, Rolls-Royce could catch up further - however, the current upside potential is rather limited. limitedas long as tangible results are awaited.

➡️ Safran S.A. (France)
$SAF (-3,89 %) - Engines (e.g. CFM), aviation supplier

P/E RATIO (P/E): n/a (TTM negative - recent loss or special effect); to 2025e about ~31.7
P/E RATIO (P/S): ~3.76 current; expected ~3.35 (2025e)
Dividend yield: ~1.7% (dividend ~€3.50 p.a.)
Share price: ~255 €
Market capitalization: ~102 bn €
Outlook: Safran suffered from one-off costs in 2024 (engine issue), but expects solid profits again. 2025 earnings per share should increase significantly (P/E normalized ~32).
Analysts are divided: ~13 Buy, 6 Hold, 1 Sell - the majority see further share price potential, as Safran benefits in the long term as a high-quality supplier (duopoly with GE in aircraft engines).

📈Valuation:

Safran appears distorted by the disclosure of a loss (negative TTM P/E ratio), in fact the share is highly valued on the basis of the underlying earnings power. A forward P/E ratio of over 30 and P/E ratio close to 4 are well above the sector average, which anticipates the market position and growth opportunities (increasing aircraft production, maintenance business). The dividend yield is relatively low at <2%.

Overall, Safran is probably rather overvalued investors are paying a premium for quality and market position. The growth potential (recovery in aviation, new engine programs) does exist, but is largely priced into the share price. Setbacks could ease the valuation somewhat; in the long term, however, Safran remains an expensive but very solid value.

➡️ Hensoldt AG (Germany) $HAG (-12,75 %) - Specialist for sensor and radar technology

P/E RATIO (P/E)extremely high (TTM >400) due to low profits; forward P/E 2025e approx. 36-37
P/E RATIO (P/S): ~3.0 currently
Dividend yield: ~0.7 % (expected dividend € 0.40)
Share price: ~52 €; Market capitalization: ~6 bn €
Outlook: In high demand as an electronics supplier to the German armed forces (radar, night vision, avionics). Incoming orders from the German special fund and NATO programs will increase sales significantly in the coming years. However, Hensoldt is still in the start-up phase - profit margins are only expected to increase significantly in the medium term.

📈Valuation:

After a sharp rise in the share price, Hensoldt is clearly expensive. The current P/E ratio is hardly reasonable (triple-digit due to special effects in the balance sheet); even on a forward basis, it is in the high 30s, which is high even for high-growth tech stocks.

Investors are therefore paying in advance for expected future profits. The KUV ~3 reflects the enormous sales growth, but is not low for a defense electronics specialist. The low dividend yield shows that profits are being retained. Overall, the share seems overvalued - the high momentum (+54 % last year) already largely prices in future growth. Although Hensoldt has excellent growth prospects (digitization of defence, networking), but these would first have to translate into significantly higher profits to justify the current valuation. An entry is therefore considered speculative, as setbacks are possible if expectations are not met.

👉 Conclusion:

Europe's largest defense companies are benefiting from the rearmament cycle, which is reflected in higher valuations in some cases. Undervalued Leonardo appears undervalued in this group (thanks to more favorable ratios), while established companies such as BAE, Airbus, Thales and Dassault are largely fairly valued. fairly valued appear to be fairly valued.

Stocks with a turnaround character (Rolls-Royce) or a high future share (Rheinmetall, Hensoldt, Safran, Saab) show higher multiples and tend to be considered overvalued. overvaluedas a lot of growth is anticipated.

The growth potential is high across the industry - higher defense budgets, technology purchases and retrofitting requirements are keeping order books full. The decisive factor for further share price increases will be whether companies can translate these growth opportunities into rising profits in order to put the ambitious valuations into perspective.

25 Commentaires

Patrick Schäfer@Hotte1909

I'm right there with you. Picking a company can of course be the more profitable way. But you have to find it first. Everyone should be aware that the defense industry will grow extremely in the next 5-7 years. It is not only Germany that has an extreme need to catch up. The French/British also have a lot of catching up to do. But smaller countries such as Estonia/Latvia/Lithuania/Finland will also have to strengthen their troops. I'm just looking at our region. Look further afield. Taiwan, Israel, South Korea. There are trouble spots all over the world and billions of dollars need to be invested

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MisterUnkown

@MisterUnknown

3J·

DEFENSE ETF's

What do we think of some defense ETF's guys?

Like $ARMR and $DFEN (+0,24 %) surely they could yield some good returns for the coming years, with all the 100's of billions that are being spend on defense.

1Mo·

Portfolio feedback for a Belgian guy !

Hey everyone! After seeing so many portfolio presentations, I decided to share mine today, following the advice of @DonkeyInvestor (link here)! 🚀

1. Investment horizon and goals

I am Belgian guy of 30 years old, already own an apartment, and have a mortgage to repay. I have been investing sporadically since I was 18, but I really started actively managing my investments in March 2024.

My main goal is to maximize my savings, with the flexibility to either buy a house in the future or allocate funds to another project. Because of this, my investment horizon is flexible but at least 5 years.

I then plan to keep investing long-term and see if this could help me achieve a certain level of financial independence. To be honest, in a rational (but admittedly a bit morbid) way, the inheritance I will receive one day could contribute to that goal—although I am not at all counting on it as a part of my strategy.

2. My strategy and how I intend to achieve my goals

A. Introduction

I already have an emergency fund covering six months of expenses, which gives me peace of mind and allows me to invest without short-term financial stress.

My job enables me to invest at save (for investment) €1,500 per month. Any bonus or additional income is either added to my investments, used to replenish my emergency fund, or allocated to vacations and other expenses.

Additionally, I have around €25,000 from selling mutual funds I purchased in my younger years. This gives me flexibility to pick individual stocks or invest in crypto when I see an opportunity.

B. Investment Strategy & Asset Allocation 🎯

I invest around €2,300 per month in a DCA approach in various ETFs. Then I invest in stock or crypto when I see an opportunity.

My goal is to build by end 2025 a portfolio with the following allocation:

~40% Individual Stocks (mainly large-cap growth & tech)
~7.5-10% Crypto (mainly Bitcoin, possibly some altcoins)
The remaining ~50% in ETFs, diversified across different regions and themes

C. Diversification & Experimentation 🎢

Within my ETF allocation, I allow myself to include thematic or higher-risk ETFs instead of only focusing on broad market indices.

I fully understand that this approach is not the most straightforward or simplest way to invest (see point 3). However, at this stage, I want to "have fun" with investing, testing stock picking and specific ETFs. Over time, I will assess whether this was a good decision and adjust if necessary (see point 4).

D. Risk-Taking & Adaptability 🔄

Since I am still young, I am willing to take on more risk, fully aware that I could also lose money. As I gain experience and see the performance of my portfolio, I will adapt my strategy if needed (again point 4).

3. My choice for the stocks in my portfolio

A. ETFs

After experimenting with different allocations, I’ve decided to aim for the following ETF distribution by the end of 2025 (as a percentage of my total portfolio, so including stock and crypto):

25%$IWDA (-0,26 %) → Broad exposure to developed markets.
5%$IEMA (-0,14 %) → Exposure to emerging markets
5%$XDEM (-0,8 %) → Performance
2-2.5% in $MEUD (+0,95 %) & $XNAS (-0,31 %) → European and Nasdaq exposure to complement my stock picks.
10% in Thematic ETFs → I enjoy sector-specific plays and have selec $RBOT (-0,49 %) , $W1TB (-1,68 %) , $LCOC (+2,13 %) , $SMH (+0,46 %), $DFEN (+0,24 %) to get exposure to robotics, Cocoa (because why not), semiconductors, and aerospace/defense.

B. Stocks

Like most of you, I love tech 😄, so a significant part of my individual stock portfolio is centered around it. I generally invest €2,000 per stock, sometimes in one go, sometimes split across multiple entries.

✅ Tech Giants & AI
$NVDA (+0,22 %) (exception to my €2,000 rule)
$AMZN (-1,56 %), $GOOGL (+0,19 %), $MSFT (-1,69 %) – Their global impact is massive and they are solid, and I don’t see that changing anytime soon.
$VST (-0,94 %) – AI-driven energy demand is booming, and I chose Vistra Energy over other AI-linked power plays.
✅ European Exposure 🌍
$ENR (-2,8 %)
(Siemens Energy) – A standout performer this year in Europe, and AI is a key factor in its growth.
$NOVO B (-1,34 %)
(Novo Nordisk) – The obesity epidemic is a growing concern (also in Europe), and Novo Nordisk is a leader in the space.
✅ More Speculative Plays :
Palantir & Soundhound AI – Both are AI-related but carry higher risk. $PLTR (+3,47 %) because of its massive presence in States' affairs. $SOUN is an even more speculative AI bet, but I believe in it for the voice aspects.
✅ Employee Shares : $ENGI (+2,38 %)

C. Crypto

I chose Bitcoin mainly due to its volatility and the potential for "easy profits". I initially invested in July and, seeing Trump getting closer to the White House, I decided to increase my position, anticipating potential market movements linked to his policies and the broader macroeconomic environment. For now, I’m sticking to Bitcoin but might explore XRP and other assets in the future.

4. Insight into how I plan to further expand your portfolio

Based on my calculations, I should reach €100,000 invested by late 2025 or early 2026. My plan is to keep investing consistently to get closer to the allocation I outlined earlier.

A. Expanding My Stock Portfolio 📈

I plan to maybe reinforce some existing positions but overall exploring new opportunities. Some stocks I’m considering include:

Belgium: Syensqo, D’Ieteren
France: Schneider Electric
Banking sector: JP Morgan
E-commerce & emerging markets: MercadoLibre
Quantum computing: While highly speculative, I’m keeping an eye on this sector for the future. Since I already have exposure through Alphabet, I might consider IBM later on.
Biotech & Medical Startups 🧬: I’ve been tempted by some early-stage medical stocks, but the extreme volatility and risk keep me hesitant. A single failed clinical trial can wipe out a stock forever, making this sector too unpredictable for me at the moment.
I might also allow myself the occasional “easy trade”, but nothing certain yet.
Finally, I could include new thematic ETF's.

B. Crypto

For Bitcoin, I keep things simple: I invest €100 whenever I see a dip (sometimes multiple times per day or week), staying patient and accumulating over time. I’m curious to hear your views on where Bitcoin is headed.

C. Reviewing My Strategy in Late 2025 🔍

At the end of 2025, I’ll assess my portfolio, especially my thematic ETFs, by comparing them to the MSCI World. This will help me decide whether to stick with them or simplify my ETF strategy.
I’ll also review my stock picks to see if any adjustments are needed.
Given my horizon, I won’t make any rushed decisions.

D. Managing My Biggest Concern – US Exposure 🇺🇸

One of my main concerns is my heavy exposure to the US market, both through ETFs and stocks. However, given the current global economic landscape, it seems difficult to do otherwise while aiming for maximum returns.

For now, I’ll keep an eye on opportunities to diversify while ensuring that my investments remain aligned with my long-term strategy.

5. What I don’t want in my portfolio

I believe that investing inherently carries a level of amorality, especially when investing in broad-market ETFs that include a wide range of companies (but everyone has their own ethical perspective—let’s not start a debate on that! 😄).

That being said, I personally choose not to invest directly in companies involved in alcohol or tobacco. It’s a personal preference.

6. Conclusion 🎯

That’s it for this deep dive into my portfolio and a summary of my thoughts since May 2024, as well as since I started reading your posts in August.

Thanks for all the insightful discussions and shared knowledge—this is an amazing community, and I really appreciate the posts I read since August!

Have a great weekend and thanks you so much for reading so far!

Regards,

A Belgian investor

24Positions

55 285,67 €

20,16 %

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14 Commentaires

Seventrader@7Trader

1Mo

Well done presentation 😎🤞🏼

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Armin

@Arminmnsl

1Mo·

Build a portfolio with 16

I've finally managed to convince my parents that it's time to dive into the stock market and start investing regularly. As of March, I have a monthly budget of €538 (mini-job), which I will invest in various ETFs and shares to build up a broadly diversified portfolio to have a good buffer after graduating from high school.

My plan:

1. core/buffer (70%)

The majority of my budget goes into broad and stable ETFs that offer broad diversification:

$IWDA (-0,26 %) (200 €): This is my basic ETF that covers companies from the largest and developed markets. It offers a stable and long-term source of growth.

$CSNDX (-0,28 %) (100 €): This ETF focuses on technology companies that are likely to continue to grow strongly over the next few years.

$XMME (-0,2 %) (75 €): I also want to invest in emerging markets such as China, India and Brazil to benefit from the momentum in these regions.

2. theme-specific ETFs (20%)

Here I focus on promising themes and markets:

$DFEN (+0,24 %) (50 €): An ETF that invests in the defense industry, a sector that could continue to grow in the coming years.

$INRG (+1,43 %) (50 €): Sustainability and the energy transition are important . I would therefore like to invest in renewable energies in order to benefit from green energy.

3. individual shares (10%)

I want to supplement my portfolio with individual stocks that have the potential for strong growth.

~60€ left for:

E.g

$NVDA (+0,22 %)

$TKA (-7,57 %)

I'm delighted that I can finally start investing and I'm excited to see how my portfolio will develop over the next few years!

Any ideas for improvement or tips? Keep them coming 👀

23 Commentaires

1Mo

First of all, great respect.

But I would rather concentrate on your core, i.e. the first three mentioned, if you think this makes sense.

When it comes to ETFs, I'm not sure whether this is such a good addition. Palantir is the largest position, it's already in the Nasdaq anyway and I think also in the msci (if not, it shouldn't be too long now). That means you have Palantir in your portfolio three times. The same applies to NVIDIA. It also has to be said that it takes far too long until you have invested a reasonable amount in NVIDIA, rather the 50-100€ more in Nasdaq or msci, which invest in NVIDIA anyway.

The Energy ETF is nonsense in my opinion. There are already some companies in the MSCI. If there is a huge upswing there, they will very likely be represented in your core ETFs in the medium to long term anyway.

Concentrate on your World ETF at the beginning, see how the market develops, try to increase your salary (if you finish your training or studies at some point, or simply earn more money that way) and thus also save your money in the medium term.

Then, over time, there will always be setbacks where you can pick up an NVIDIA.

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dOk

@doks

2Mo·

Defence ETF 2025 switch

I just closed my entire $DFEN (+0,24 %) position after a very good ride last year, switching it with the new $IVDF (-0,61 %) because the VanEck ETF is currently too exposed to $PLTR (+3,47 %) and with this structure it does not help me in my portfolio diversification (that is mainly tech, but I also believe that Palantir may not offer good earnings in 2025), while the new Invesco $IVDF (-0,61 %) has a very cool and balanced composition ($RKLB (-0,29 %)
$KTOS (+0,92 %)
$AVAV (-0,56 %)
$LDOS (+3,83 %) to name few) and also a much lower TER.

From my point of view this is the best ETF for anyone looking to invest in the Defence sector at the moment (and I also had been invested on $ASWC (-1,79 %) last year, then I decided to go completely on $DFEN (+0,24 %) until today).

NOT FINANCIAL ADVICE!!! 👀

07.01

Invesco Defence Innovation ETF

Acheté à 5,28 €

10 Commentaires

Thomas@waldbrandgefahr

2Mo

Good Point! I am considering $IVDF

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0LIV3R

@PIXELINVESTOR

2Mo·

VanEck Defense ETF and/or iShares Global Aerospace & Defense ETF - what do you think?

Hello Community,

I am hesitating between two defense ETFs and would like to hear your opinions. Specifically, it is about the VanEck Defense ETF ($DFEN (+0,24 %)) and the iShares Global Aerospace & Defense ETF ($DFND (-1,99 %)).

My basic idea: A broadly diversified ETF such as the MSCI World is a solid core investment for me. I also like to focus on specific themes such as AI, robotics or healthcare in the long term. However, due to the current geopolitical situation, I also consider the defense and armaments industry to be a relevant area. The situation is unlikely to ease in the next few years, and companies such as Rheinmetall have ambitious growth plans (e.g. doubling sales and profits by 2027). Other companies in the sector are also in a strong position.

I would therefore like to add a suitable defense ETF to my savings plan in the long term.

Hence my questions:

Which of the two ETFs mentioned would you choose and why?
Does it make sense to perhaps even save in both?
Or do you think there is another ETF that is even more interesting in this area?

I look forward to hearing your opinions and welcome any recommendations or views!

7 Commentaires

Kill_Baulitz@Johann_van_der_Smut

2Mo

I have the Defence ETF from Han and the one from vanEck and they have done very well. At the beginning of the year there were only the two. There was another discussion about defense ETFs here recently. It was also about the new $ARMG
I don't even know the $DFND yet

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Daniel

@Bidax

2Mo·

Sleepless, at Christmas 🫨 or what should it look like now...

Hello everyone,

In the last few days I have introduced myself and my portfolio. I have really taken your advice to heart and tried to implement it in a plausible way. Once again, a big thank you to everyone who has helped me with advice and constructive criticism. Merci! 😁

Today I'm summoning up my courage once again and presenting you with the result of the new and hopefully final restructuring. I have reduced the original 26 items to 6 items and aligned myself as follows. It didn't just come down to the $XDWL (+0,04 %) ended up. I still wanted to have some accessories.

The conversion is being done step by step, so it will take some time

Xtrackers MSCI World ETF - $XDWL (+0,04 %) - 65%

UBS LFS MSCI Emerging Markets ETF - $EMMUSA (-0,11 %) - 5%

Xtrackers MSCI Europe Hi Div Yld ESG ETF - $XZDE (+1,65 %) - 5%

Xtrackers DAX ETF - $XDDA (-0,4 %) - 5%

VanEck Defense ETF A - $DFEN (+0,24 %) - 15%

Xtrackers IE Physical Gold ETC Securities - $XGDU (-0,54 %) - 5%

The main value will flow into the All-World and will be supplemented by a small weighting in emerging markets.

I deliberately chose Europe and Germany because I I assume that positive developments can be expected here again in the future. Must!

The Defence item will remain in the portfolio as long as the positive trend continues. Should this change, the stock will be reallocated to All-World.

Gold is a stock that I would also like to keep in the portfolio. I am still $BTC (+2,26 %) I am still thinking about. Nothing planned (yet).

I would then allocate the monthly savings installment to the positions on a percentage basis.

That could be a reasonable basis for 2025, what do you think?

Thanks again for your feedback.

Best regards

Daniel

21 Commentaires

Epi@Epi

2Mo

At 10%, you have weighted the emerging markets significantly higher than indicated. Why 10%? Since Germany is slowly being deindustrialized, is approaching EM in more and more metrics and the Dax is now highly correlated with EM indices, I would add the 5% Dax to the 5% EM.

Even if we may still be emotionally attached to the old days and our status as an industrialized nation, there are no longer many differences in terms of investment and politics.

The question remains whether 10% EM is acceptable to you?

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Daniel

@Bidax

2Mo·

small performance

Hello dear community,

Christmas Eve is over and I thought I'd use the time to introduce myself. My name is Daniel, 45 years old, proud father of two grown-up daughters and I'm now also a member.

I burned a lot of money in the 90s with biotech shares on the "Neuer Markt". I think it was Quiagen. No matter. Back then, it wasn't as easy as it is today to get a comprehensive overview of the markets. I was cured for a long time and kept my hands off it. Looking back, not so clever 😩

With regard to my pension, I was actually not completely inactive and will probably have around 5K (per month) before taxes and contributions at 67. In addition, there are payments and shares from Riester, LV, industry pension and separate pension. That should be enough, as I'm actually a frugal person.

In addition, I'm venturing back onto the trading floor with shares and the like.

Now let's move on to my goals in the stock market world.

I want to create as much of a cushion as possible so that I can simply do what I want. Renovate a property, possibly sell it, go traveling, build a new home - anything is possible. And if I do end up giving up early, I want to provide my children with the best possible financial security.

To achieve this, I have structured my portfolio as follows.

35% shares

65% ETFs ETCs and funds

When it comes to shares, I have to admit that I am influenced by current trends and preferences for one brand or another. $AAPL (+0,99 %) , $AMZN (-1,56 %) etc., have tempted me. However, I quickly realized that I'm not the type for individual stocks. I'm keeping an eye on the shares, but I won't be expanding this part of my portfolio any further and will invest in ETFs again in due course.

In future, the focus will be on ETFs and ETCs, such as gold. $XGDU (-0,54 %) gold.

My ETFs are roughly divided up as follows.

- Technology

- industry

- Armaments and defense

- gold

- Raw materials

These are mainly dividend-paying ETFs. I plan to keep reinvesting the dividends via the annual exemption order, in our case EUR 2,000, but save as much tax as possible.

Crypto is a closed book for me. I'm not cut out for this kind of thing. I just don't understand the principle. And somehow too late.

I probably should have invested 100 euros in $BTC (+2,26 %) if I had known about it. Then I probably wouldn't have to worry about it today.

In addition to my initial investment, I would like to use the monthly savings installment of 500 euros with an annual growth rate of 3% for the next 20 years to perhaps take a bath in my bathtub like Scrooge McDuck. It probably won't be enough for the money bin, but what the heck.

My basis is the UniDynamicFonds: Global -net- A ($LU0096426845 (-0,69 %) C ). Yes, I know it's a fund with a relatively high TR. It's a relic from days gone by. However, it has not done badly over the last five years. I will convert this main position into an ETF in due course and steadily build it up. The second fund will then also be transferred to ETFs. Here are the $XAIX (-0,04 %) and the $XUTC (+0,43 %) are ready.

But I will come back to you with a separate question.

My current larger positions are

- UniDynamicFonds: Global net A $LU0096426845 (-0,69 %)

- UniSector: HighTech A $LU0101441672 (+0,35 %)

- VanEck Defense ETF A $DFEN (+0,24 %)

- VanEck Semiconductor ETF A $IE00BMC38736 (+0,46 %)

- IE Physical Gold ETC Securities $XGDU (-0,54 %)

- VanEck Ms Developed Markets Div Lead ETF $TDIV (+1,32 %)

- SPDR MSCI ACWI IMI ETF $SPSA (-0,69 %)

The rest is somewhat broadly diversified. I find Health very interesting, but here I have chosen two individual stocks $$NOVO B (-1,34 %) & $DXCM (-2,03 %) "and I'm still looking for the right ETF. Here I have the $XUHC (-0,61 %) for the time being.

In the near future I will be looking at Japan $UIM5 (+0,19 %) Nordic countries $XDN0 (+1,19 %) Europe $V3EL (+1,43 %) and also Germany $VGER (-0,42 %) further. I also see long-term potential here and I am creating some distance from my very US and technology-heavy investment stocks.

Roughly speaking, my portfolio should have a large all-world ETF and everything else around it - in keeping with the current times - is the Christmas bauble around the tree.

I look forward to any feedback.

Have a nice holiday season

Best regards

Daniel

____

Thanks to @DonkeyInvestor for the guide 🤪

19 Commentaires

Smudo@Smudeo

2Mo

Welcome back to the stock market.
You have the absence so: In addition to gains, you could have made further losses.
Your head was free for your family for the last few decades and you had a good time.
Good luck on the stock market now and thumbs up

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TaxesAreTheft

@TaxesAreTheft

3Mo·

My ETF portfolio

Only completed this month, so the gains and losses are perhaps a little strange.

$IUIT (-0,36 %)

$DFEN (+0,24 %)

The Information Tech ETF serves to invest as focused as possible in all the compounders, I would generally prefer the equal weight variant, but unfortunately it is not yet available in Europe as far as I know. The VanEck ETF is intended to protect the portfolio somewhat from geopolitical risks, and the companies are also quite interesting and all have the state as a major customer, either directly or indirectly, which I think is a very good addition. Weighting is around 55% at the beginning and will be rebalanced as soon as the equities exceed the 80-85% threshold. In this way, I hope to take as much upside as possible and leave the equity area largely unhindered.

$IGLN (-0,52 %)

The 22% weighting is based on the post from dear @Epi regarding gold.

$DTLA (+0,01 %)

$IDTP (+0 %)

$IBTA (+0 %)

Like gold, the combination of bonds is intended to take out some volatility and provide an alternative cash position. However, I am considering possibly exchanging the 1-3 year bonds for BTC.

7 Commentaires

Epi@Epi

3Mo

Looks good! Finally a decently diversified portfolio. But it's true, BTC is missing. Under certain conditions, BTC can even reduce the risk in the portfolio.

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soylent_black

@soylent_black

4Mo·

Hi guys! Any thoughts on my portfolio? I started investing on march 2024, starting from 100€ and 0 knowledge. I’ve done many mistakes and already sold some positions (every time with profit, even if only 10€ profit). I’m still a noob and keep studying every day so please be kind 🤣

As you can see I also have some single stocks, these are just fun money and I’m using them just for buy and sell and make profit. I’m reinvesting on ETFs all the profits I make from stocks.

Basically I’m going to build my portfolio this way:

50% $VWCE (-0,12 %) (this one will always be the core)

10% $WGLD (-0,54 %)

10% $ZPRV (+0,64 %)

5%/10% fun money (single stocks and a just a lil bit of cripto)

Aside from this portfolio I also have 10k on $XEON (+0 %) (this is basically my “emergency funds”, since I don’t like/know a lot single bonds and etf bonds).

Thank you in advance!