4J·

A small reallocation to Vonovia 👍🏼

Today I made a small adjustment to my portfolio by $VNA (+1,36 %) . I had to take advantage of the price drop in response to the earnings forecast revision.

However, since I’m currently short on available capital, I had to sell a portion of my McDonald’s holdings. I bought my most recent positions at around 208 euros, so I made just under 10% in a few weeks! That’s not too bad... 😊

29.10

McDonald's

a vendu x16 à 225,30 €

3 604,80 €

2,13 %

19 Commentaires

Chris@Multibagger

I know a lot of people who don't go to McDonald's anymore because they don't serve the MC Rib anymore. So it was the right decision.

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Part_Time_Joe@Part_Time_Joe

@Multibagger I still have half the shares... just in case they decide to bring back the MC Rib! 😉

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Beavis Bilderpoop@KnifeCatcher

@Multibagger I've never met anyone in my life (i'm 40) who has eaten a mcrib

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Chris@Multibagger

@KnifeCatcher Then you're living in the wrong country. On my last day, I went to two different McDonald's and wanted to have one more. They were already sold out, and at both locations there were 3–4 other people next to me who were just as disappointed as I was. And I’m over 60. Aside from the Mac Rösti with bacon in the winter, that was the only burger you could get there. For all other burgers, you’re better off going to Burger King. Just my opinion.

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Dirk aus Stade@dirko68

I've always thought it was crap. But I've also been staying away from the fry shop for a few years now. I'm at an age where it's "Novo instead of Mecces."

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Part_Time_Joe@Part_Time_Joe

@dirko68 Isn't Novo supposed to be so we can keep going to McDonald's? 😂

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Chris@Multibagger

@Part_Time_Joe That's what I thought at first, too, but originally I was referring to something related to diabetes.

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FairValue@FairValue

Just yesterday you posted an article saying that, in your opinion, retail investors can’t beat the market by picking supposedly undervalued stocks.
Today you bought Vonovia.
Your portfolio’s IRR is negative this year.
What caused that?

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Part_Time_Joe@Part_Time_Joe

@FairValue What are you trying to say? If you follow my posts, you should know that...

a) I really enjoy trading individual stocks, and that’s valuable to me, and...

b) for that very reason, I want to shift my portfolio to ETFs over the medium term and only keep 1/3 of the value in individual stocks.

If you want to know why my portfolio has underperformed YTD, take a look at the price of gold. You can’t see it in the data (because I only started using GetQin last year), but I initially bought K92 at 30 cents. Of the 500k, about 460k is profit. The same goes for Equinox. I’ve had that since Fiore Gold—also a profit of several hundred percent. Yes, that was essentially luck.

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Johannes@Johannes12345

@Part_Time_Joe Don't let them troll you 😉🙃

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Mo@Mo28

I'm curious to see what happens—there's already been a lot of negative news affecting the stock price, but I just can't imagine how it's going to rebound anytime soon. It's on my watchlist for now.

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Part_Time_Joe@Part_Time_Joe

@Mo28 I have time! Even if it takes four years for the stock to get back to 30, that's okay. That's still more than 20% a year, and that would put me right on Buffett's heels 😉

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Smudo@Smudeo

@Part_Time_Joe Well, it could also go in that direction—property values falling or remaining flat.
Financing issues due to high interest rates on loans.
Dividends suspended or capped.
No return for you in 4–5 years.
Honestly, the risk is way too high!

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Part_Time_Joe@Part_Time_Joe

@Smudeo There's never a guarantee. But the valuation is fundamentally so low that a fair amount of risk is already priced in. But we'll see 😊

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Clown I.@alex1973

@Part_Time_Joe I really wish you the best of luck with that. But Buffet didn't just buy cheap—he only bought when the stock was undervalued but the company was sound.

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Part_Time_Joe@Part_Time_Joe

@alex1973 That’s right! Just because something seems cheap doesn’t always mean it actually is. But Vonovia’s business model works—the company is profitable, and the housing shortage isn’t going to go away anytime soon.

What has been weighing on the stock price (and continues to do so) are financing costs, specifically interest rates. The market expects them to remain at this level for a long time or even rise further. I actually don’t believe that—after all, I’m heavily overweight in precious metals. My assessment of the interest rate situation:

Interest rates will fall again in the medium term. Why? The sovereign debt crisis is the main reason, along with high financing needs in the AI sector. People would rather accept higher inflation than risk the stability of the financial markets and the EU.

Of course, this is just my interpretation of the situation. I could be completely off the mark. Time will tell 😊

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Keineui@Keineui

Mutig!

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AngryGrandma@AngryGrandma

Good luck with that!

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Andreas@Andi_Ham

Hey, do you guys really think performance will suffer just because McDonald's has taken the Mac Rib off the menu in Germany? It's a global company, and it's also heavily reliant on real estate. I'd guess the German market is just a fraction of the whole.

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