Hello everyone,

I would like to get your feedback on my portfolio strategy. Here are the key data:

Age: 20 years old

Investment horizon: Very long (several decades)

Strategy: First investment then invest via savings plan + B&H

1. the planned portfolio

I am planning the following allocation for my portfolio. Important: The 20% in the dividend ETF will only flow until my exemption order has been fully utilized by the distributions. After that, fresh money will only flow into the other two positions.

• 55% Vanguard FTSE All-World (basis) $VWCE (-0,03 %)
• 
  25% Xtrackers MSCI World Momentum
  $XDEM (-0,16 %)
• 
  20% VanEck Developed Markets Div Lead
  $TDIV (+0,86 %)

2. current situation

I took advantage of the "dip" in April and am already invested (mix of ETFs and individual stocks). I am currently considering how I should adjust or structure my portfolio, as the individual stocks have performed extremely well:

• Nvidia: +60%
• Alphabet: +90%
• Others: Amazon, Meta, United Health (all up).

My questions for you:

What do you generally think of my ETF selection and weighting (55/25/20)?

Would you swap one of the ETFs for another product?

Is there anything missing in the allocation (would you add another component, e.g. small caps)?

Individual shares: How would you deal with the winners? Realize profits and shift them into the ETFs, or simply let them run as "satellites", as I am still young?

Many thanks for your feedback!

With this sale, I have liquidated virtually my entire buy and hold portion (around 50% of my investments). On the one hand to free up some powder for less expensive courses, but mainly to shift most of it into more flexible strategies that can adapt better to changing market conditions. And, as a nice side effect, usually perform better. The aim is not to miss any further rises and still avoid drawdowns if one should occur soon. According to the theory at least 🫡

Hello everyone,

After more than a year, it's time to present my portfolio again, as a lot has changed.

I am clearly pursuing a buy-and-hold strategy with quality stocks. As a core I currently have the $GGRP (-0,05 %)and the $IWDA (-0,12 %) . The $GGRP (-0,05 %) will soon leave my portfolio and half of it will be reallocated to the $IWDA and the $XDEM (-0,16 %) will be reallocated. This is simply because I think it's a good idea to have an ETF in my more growth-oriented portfolio that doesn't just have dividend payers in its line-up.

I find the $XDEM (-0,16 %) in particular, as it focuses exclusively on stocks that have performed well recently. The fact that the excess return naturally drives up volatility somewhat is perfectly okay, as my investment horizon is at least 20 years.

Otherwise, another 57% of my portfolio consists of individual shares. My plan has actually always been a 50/50 ratio, but this has changed somewhat due to the strong equity returns. However, the ETF positions will soon be filled with around 600 euros of my training income. This should then level out a little better, as long as shares don't continue to rise enormously.

If you take a closer look at the shares, I think the strong focus on the classic ETF drivers such as $NVDA (+0,69 %) , $MSFT (-0,75 %) , $GOOG (-0,54 %) and $AMZN (-1,59 %) stand out. Of course, the ETFs in the portfolio increase the proportion of these stocks, but that is absolutely intentional. I remain very optimistic about the AI runners and see further growth and sufficient stability in the coming years.

I always find the following particularly noteworthy $EUZ (-0,89 %) . It is the only German company in my portfolio. I am very confident in the long term and am excited to see how they will develop. Unfortunately, my $MC (+0,61 %) position should also be mentioned. Well, bad luck and I didn't have the courage to sell when the downward trend was clear. But at least I can now offset the taxes from the $GGRP (-0,05 %)-sale by selling the LVMH position and then buying it again immediately. As soon as the luxury segment improves again, I am sure that LVMH will be back at the top of the industry.

The bottom part of my portfolio currently consists of $MCD (+0,91 %) and $MDLZ (+0,74 %) among others. Due to the strong returns of the other shares, these two positions have become somewhat unimportant in my portfolio. At around 2% each, they have simply become too small for me, which is why I will be merging them. However, not again in a stable share with a dividend, but rather in a growth driver. I am currently watching $ANET (+1,11 %) and am pretty convinced. The restructuring will probably soon lead to a EUR 4,000 position in Arista and free up another EUR 2,000 for the ETFs.

That should be all. If you have any questions, please feel free to ask, otherwise I'm very happy to receive your feedback :)

(A little info: The sum of the deposit comes from my grandfather's inheritance. The ETF shares I bought early on were bought by my father, as I was of course too young. Then I got involved with shares and was allowed to have more and more of a say. I currently make my own decisions about the portfolio)

Hello dear community,

Recently my portfolio and its logic was presented in an article by Business Insider and analyzed by Konrad Kleinfeld from SPDR. There was some exciting feedback, but of course I would also like to activate your swarm intelligence and get your feedback 🙂

First of all: Although I am pursuing a core-satellite strategy, the "satellite" does not aim to outperform, but is simply for fun and offers room for investments that do not fit into the logic of the core. The satellite consists largely of ETFs (e.g. in commodities, real estate, private equity, REITs, etc.), but only accounts for <10% of the overall portfolio and is not included here.

My goal is broad diversification that goes beyond a pure market capitalization-based index as well as long-term returns.

In doing so, I rely on a rule-based approach and diversify along factors based on the selection criteria of the indices. As I deliberately do not want to make any sector or regional bets in the "core", but instead focus purely on the selection criteria of the indices, the relatively significant dividend block serves to reduce the US lump, as high-dividend companies are more frequently found in Europe.

Since the portfolio is quite granular, the portfolio overview function would be very confusing, so I hope it is easy to understand in text form:

1. MSCI World Block (40%):

$SPPW (-0,09 %) MSCI World (10%)

$XDEM (-0,16 %) MSCI World Momentum (10%)

$XDEQ (-0,15 %) MSCI World Quality (10%)

$XDEV (+0,44 %) MSCI World Value (5%)

$WSML (-0,25 %) MSCI World Small Cap (5%)

Momentum, Quality and Size in the sense of the "normal", market-capitalized MSCI World are weighted slightly higher, as they have historically performed better and should logically perform better in a long-term positive market environment.

2. emerging markets block (20%):

$SPYM (-0,29 %) MSCI Emerging Markets (6.67%)

$SPYX (+0,32 %) MSCI Emerging Markets Small Cap (6.67%)

$5MVL (+0,1 %) MSCI Emerging Markets Value (6.67%)

⚠ There are currently no ETFs on the MSCI EM Quality and MSCI EM Momentum indices that are available in UCITS form and tradable in Europe. Therefore, the logic of the EM block does not yet exactly reflect the structure of the World block. As soon as these ETFs are available, the block will be adjusted accordingly. Consequently, the "normal" MSCI EM as well as the value factor and small caps are currently equally weighted here.

3rd Dividend block (30%):

$VHYL (+0,34 %) FTSE All-World High Dividend Yield (5%)

$TDIV (+0,86 %) Developed Markets Dividend Leaders (10%)

$ISPA (+0,37 %) Global Select Dividend 100 (10%)

$ZPRG (+0,22 %) S&P Global Dividend Aristocrats (5%)

As mentioned, this block serves 1) to reduce the US lump, is also distributing and thus provides cash flow, which 2) is used for rebalancing at the end of the year (so I don't have to spend any additional capital on this, which has a psychological effect for me) and 3) the monthly distributions motivate me to continue investing intensively. In addition, 4) the tax-free allowance is utilized without having to actively sell shares in the other "blocks". The top 10 holdings of the individual ETFs differ greatly here despite the common denominator of "high yield". However, the financial sector is a large lump. The weighting here is derived from the high yield and diversification in the sense of complementing the other "blocks" (i.e. little tech and little US).

4. hedge bonds (10%):

$IBCI (+0,13 %) Euro Inflation Linked Government Bond (10%)

My equity allocation is (roughly) based on the rule "120 minus age", so 10% is currently left for bonds. The purpose of a bond block in the portfolio is stabilization and further diversification. With shares, I give a company capital, i.e. I become a stakeholder in the company. Corporate bonds have the same logic, because here I am also giving capital to companies. That's why I opted for government bonds in the eurozone. TIPS have performed comparatively well here in the past and the logic of inflation-linked interest rates also appeals to me.

📈 Additional considerations:

1. i deliberately do without the "Low / Min Volatility" factor, as i assume a rising market in the long term and would like to participate more in the positive phases instead of reducing the vola.

2) I don't see overlaps between ETFs as a problem, but rather as a deliberate overweighting of companies that fulfill several criteria at the same time. Of course, many companies currently overlap in the classic MSCI World and the Quality and Momentum variants. However, the selection criteria are different and as soon as a company no longer meets the quality criteria, for example, it automatically drops out of the index and the weighting is reduced without me having to actively do anything about it.

3) I have actively decided not to invest in a multi-factor ETF because I want to have transparent control over the allocation of the individual factors and many of the factor ETFs available combine the selection criteria underlying the individual factors in such a way that the corresponding product would have performed well in the past, which of course represents a hindsight bias and does not necessarily correlate with future performance.

💡 To those of you who have read this far:

First of all, thank you for your time! The portfolio is intended to dynamically reflect a section of the market that could develop positively in a diversified manner based on the different selection criteria of the indices, without taking bets on specific sectors or regions. What do you think of the allocation and the strategy? Do you see any room for improvement or things you would do differently?

Thanks for reading, showing interest and thinking along. 😊

#etfs
#portfolio
#portfoliocheck

Preface:

In the following, I would like to present how my portfolio has developed over the course of 2024.

This includes

1) my strategic orientation

2)Return on the portfolio.

The main topics are:

• Moving away from individual stocks
• Entry into gold and bitcoin
• Factor investing

Finally, I will give my own thoughts on how to proceed.

The main changes to my portfolio that have led

to my current strategy are presented below using a short timeline.

timeline:

My timeline

Beginning of 2024

At the beginning of the year, I pursued a 70/30 core satellite

strategy. The 70% ETF core again consisted of STOXX Europe.

MSCI World, Emerging Markets.

The 30% consisted of stocks such as: $CSIQ (+0,78 %) , $O (+0,65 %) ,$TSM (-1,61 %)
$ADM (+0,45 %)
$UMI (+0,89 %)
$D05 (+1,42 %)
$BMW (-1,68 %)
$UKW (+0,45 %)
$8031 (+2,42 %)
$MUV2 (-0,93 %)

February

Addition of gold to my portfolio. Target size 10%. Build-up in batches.

The remaining 70/30 strategy therefore only relates to the remaining

90%.

April-June:

Entry into Bitcoin via Trade Republic in several batches

at prices between 50k and 63k.

After exchange with @Epi to the fee schedule at Trade Republic

I sold them there in order to sell Bitcoin on a dedicated crypto exchange.

exchange.

June:

Thanks to @PowerWordChill I got to grips with factor investing. A Gerd Kommer book later, and after some internet research, I decided to

decided to transform my ETF strategy into a factor ETF strategy.

July-August 2024:

Sale of my shares. Concentration on the factor portfolio.

August - September 24:

Renewed build-up of Bitcoin with the aim of making Bitcoin a

a fixed component of the portfolio. Consideration is 5%-10%

of my portfolio.

The idea. Build up an initial position, then make regular

investments of €50 per week with the aim of growing to the target size

to grow to the target size. The rapid rise in October/November led me to

led me to leave it at €50 per week. And individual purchases in

larger tranches at an early stage with a portfolio size of 2.x%.

End of December 2024:

Position size of Bitcoin almost 5%.

I am not yet including Bitcoin in my gold/ETF quota. I'm still running it on the side.

I re-evaluated my factor weighting at the end of the year

and would like to fine-tune it a little. I will briefly present the result in the

following section.

In addition, I have decided to include a small

include a small proportion of real estate stocks. However, this will probably never

part of my strategy worth mentioning and contains - as of today - only

about 3% of my portfolio and only $O (+0,65 %) ).

Overall breakdown of my portfolio:

As described above, I do not yet include Bitcoin in my overall strategy

part of my overall strategy so that rebalancing remains easier. This will

change when Bitcoin reaches its target size.

The rest is made up as follows:

ETFs:

$XDEM (-0,16 %) 30.3% (MSCI World Momentum)

$XDEB (+0,36 %) 10.1% (MSCI World Minimum Volatility)

$XDEV (+0,44 %) 10.1% (MSCI World Value)

$ZPRV (-0,47 %) 15% (MSCI USA Small Cap Value Weighted)

$ZPRX (+0,22 %) 6.5% (MSCI Europe Small Cap Value Weighted)

$PEH (+0,23 %) 4.5% (as a quality factor on emerging markets)

$5MVL (+0,1 %) 4.5% (Edge MSCI EM Value)

$SPYX (+0,32 %) 9% (MSCI EM Small Cap)

Gold

$EWG2 (+0,13 %) 10% Gold ETC

Getquin Rewind and own data:

At the end of the post you will find my Getquin Rewind, as I was not able to embed the image in the text:

However, according to my own calculations, this cannot be correct.

My portfolio volume at the start of the year was around €103,500 with a return of €16,693. This would correspond to a total return of 19.2%. However, we are not yet talking about a time-weighted return, as my invested capital has roughly doubled over the course of the year. I therefore estimate my TTWROR to be higher.

My own thoughts and outlook:

I do not expect any major changes in strategy over the next few years. At some point, a strategy will have to be established. If necessary, I will make some adjustments to this strategy.

This includes the fact that I am dissatisfied with the costs of the emerging markets factor ETFs. So far, however, I intend to live with it. Should I

stumble across better products, I will consider switching. Especially as long as I stay within the tax allowance when switching.

I'll also have to decide how big my Bitcoin holding should ultimately be.

If you've been reading carefully, you'll notice that a lot of money has accumulated in the last year. Big profits, big investments. Due to personal circumstances, I will not maintain these rates in the same style, but will reduce them somewhat. I expect to be able to continue investing around 1.5-2k per month. This means that my financial goals are

with an expected return of 5% adjusted for inflation over many years.

I am half hoping for major setbacks in the near future and the associated favorable entries. However, in view of the impact that minor price jolts have had on society as a whole (thanks to populism), I don't really wish for them.

Do you have any suggestions, questions or comments? Is there anything that particularly interests you?

I am also happy to receive suggestions for improvement for future posts.

Best regards,

Your Smurf

PS: @DonkeyInvestor and me, that's love ❤. And now send me your coins! (So I can reward your next post appropriately).

PPS: I hope someone is interested.

Hello dear Getquin Community,

I would like to share my portfolio with you as an update.

You are welcome to give your opinion or suggestions for improvement.

Briefly about me:

I am 19 years old, live in Austria, work in an apprenticeship as a design engineer and have a monthly savings rate of 51.60% and 32.25% I invest, which is a total of €500 as an investment.

I started investing in mid-January 2024.

At my last update 6 months ago, my portfolio was still about 2.4k euros.

Deposits:

Etf - Depot (Flatex)

55/25/10/10

55% $XDEM (-0,16 %)

25% $FVSJ (+0,3 %)

10% $WSML (-0,25 %)

10% $C6E (+0,68 %)

Crypto - Depot (Bitpanda)

I know that my crypto positions are somewhat high and risky.

But I can cope well with this risk 🤣

Nevertheless, I have given up my altcoin position and don't hold that much of it and the only ones I have now are

$BTC (+0,06 %)

$ETH (+0,34 %)

$SOL (+0,98 %)

World vs. world momentum

Facts, figures and data (as at 06/2024)

It is often claimed on getquin or by self-proclaimed finfluencers that the World Momentum strategy would beat a world index. The problem with this is that the claims are usually not substantiated. And when they are "substantiated", they usually compare an MSCI World ETF with an MSCI World Momentum ETF that has only been around for 10 years. And as we all know, 10 years on the stock market is too short a period for an appropriate comparison.

Although it would be so easy.

After all, the MSCI World Momentum Index was launched back in 1994. So there are good comparative values for the last 30 years, during which the index has been able to prove itself in many boom and crash phases (dot com bubble, financial crisis, corona). And they are also neatly prepared by MSCI itself [1].

Stop talking, I'm here for the numbers!

All right. Here are the average annual returns of the MSCI World Index and MSCI World Momentum Index over the last X years:

5 years, World: 13.31%, Momentum: 13.73%

10 years, World: 9.71%, Momentum: 12.26%

30 years, World: 8.32%, Momentum: 11.26%

I suck at math. Impress me with absolute numbers!

If you invested USD 10,000 in the MSCI World 30 years ago, today it has become USD 109,966.28. If you had opted for the MSCI World Momentum Index instead, you would now have USD 245,567.94 😳. More than twice as much.

That is indeed impressive. What's the catch? Gigantic risk?

The max drawdown for the world over the last 30 years is 57.46%, that of momentum 55.53%. The Sharpe ratio is 0.43 for the World and 0.59 for Momentum. You can find further comparative values at [1].

And now? Sell everything and switch to momentum?

As you know, historical data is no guarantee of future performance. Moreover, although 30 years is more than 10, it is still a relatively short comparison period. I would therefore not bet 100% on the World Momentum. Despite existing studies that claim that the momentum strategy would have beaten a world index even over the last 80 years.

However, I can very well imagine a World Momentum ETF as a satellite or even as a core with satellites.

And you?

Sources (the fact sheet is constantly updated, this article is not)

[1] https://www.msci.com/www/fact-sheet/msci-world-momentum-index/010603830

Want to know how the World Index compares to the World Quality Index? Then take a look here https://getqu.in/HhbBYl/

A comparison with the MSCI World Value Index and a summary of World vs Momentum vs Quality vs Value can be found here: https://getqu.in/TD3OT2/

The MSCI World Momentum Index is tracked, for example, by $XDEM (-0,16 %) for example.