Dear getquin Community,
since my last post, I thought it’s time for a quick (and honest) update — including a few lessons learned and probably a few mistakes repeated 😉
What I’ve been up to:
1. Doubling down on conviction (yes, still doing it)
I continued to lean into my “conviction” plays and added to positions during drawdowns, including:
- Mining:
$RIO (-1,18 %) / $BHP (-0,28 %) / $VALE3 (+0,47 %) / $ABX (-1,2 %)
Health-Care:
$PFE (-0,37 %) / $BMY (-3,11 %) / $NOVO B (+1,36 %)
Others:
$INTC (+4,89 %) / $ADM (+2,13 %) / $PETR3 (+3,79 %)
All of them went through pretty painful drawdowns along the way (nothing new here…).
Interestingly, most of them are now back in solid positive territory — with the notable exception of Novo Nordisk. 👉 Not sure yet if this validates my approach… or just means I got lucky this time.
2. Playing cycles (trying at least)
I’ve also started to lean more into sector rotation / cycle investing:
- Utilities ($RWE (+0,75 %) / $ENGI (+2,83 %) / $ENEL (+0,66 %)) in 2025 — when everything seemed to be about AI and they felt ignored
- Chemicals ($LYB (+4,23 %) / $DOW (+1,71 %) / $BNR) (-0,28 %) in early 2026 — when the market mood felt close to “pricing for insolvency”
So far, this feels more like investing and less like reacting — but let’s see how it plays out over a full cycle. Thinking about consumer discretionary 🧐right now (e.g. $GIS (+0,84 %) / $NESN) 👉 What are your thoughts on this?
3. Dividend psychology (my personal “hack”)
I’ve realized I genuinely enjoy dividend-paying stocks.
Not because the amounts are huge (they’re not 😄), but because:
- those small push notifications on the phone
- create a feeling of “progress”
- and somehow keep me invested when prices go down
It’s probably a bit of a mental trick:
“At least the dividend is coming in…”
Not fully rational — but surprisingly effective for me.
🤔 Where I’m struggling
1. Bonds (especially USD)
I increased my bond exposure — particularly USD-denominated bonds.
So far:
- price performance → mostly negative
- total return → slightly cushioned by coupons
Feels like a patience game right now… but definitely not (yet) a success story.
2. Too many positions (yes… still)
I’ll keep this short because I already know the answer:
👉 I own too many positions.
Reasons:
- too many podcasts
- too many “interesting ideas”
- too little discipline
At this point I’m seriously considering:
stopping input… and letting a few savings plans just run in the background
🧠 A bit of self-reflection
One thing I’m increasingly aware of:
- I like being contrarian
- I like buying into weakness
- I really like doubling down
But I’m also starting to realize:
There’s a thin line between conviction… and just being stubborn. Or more bluntly:
Am I exploiting inefficiencies — or just becoming a well-diversified bagholder?
Still working on that one.
🙌 Final thoughts
As always:
- happy to get feedback
- roast me wherever you see fit
- especially on position sizing, bonds, and my “doubling down” habits
Stay invested, stay healthy, and enjoy the Easter holidays 🐣
Best regards,
Markus
