Dear Community,

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This is our first version of getquin Rewards, and we look forward to hearing what you think about it and how we can improve it further.

Thank you for being part of this great community ❤️.

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Evening,

I came across this financial platform through a gentleman from YouTube and saw in some of your posts that you often ask for feedback on personal portfolios.

About me:

I am 68 years young ;-) and was introduced to investing and (optimally) managing money at an early age by my parents. From then on, I was fascinated by the whole world of finance my whole life and was able to fulfill my dream of working on the stock market. An indescribable feeling :-)

I would be delighted if you would connect with me on this platform and if there is a keen interest in further stories from my day-to-day work or similar, I would be happy to publish more here.

I am now retired and have plenty of time ;-)

Now to my actual concern, dear financial community. After decades of stock market trading, mainly in the commodities sector, I have built up a portfolio on which I would like to get your valued opinion.

My current portfolio consists to a very large extent of commodity companies and the technology sector, as I wanted to add more risk here a few years ago.

I also bought Coca-Cola shares early on, as I felt there was a certain trend there.

What I am increasingly concerned about is the high volatility of certain positions. I am considering reducing some positions here. After all, you don't get any younger, and I would like to gradually spare myself the nightly worries about price fluctuations.

I am considering shifting more of the freed-up funds into defensive dividend stocks. What do the esteemed forum members think? Is such a reallocation advisable at my age?

I would be extremely grateful for your valued advice.

Best regards from Frankfurt

PS: If you are interested, I could also share some exciting anecdotes from my time in commodities trading in the 1980s. Those were the days when we had to make do without computers and prices were still quoted by telephone!

100k - I'll add my name to the list.

So much in advance, if you had told me 10 years ago that I would be writing a post in a hotel room in Shanghai today in which I record my first €100k, I would have thought the person was truly overambitious.

10 years ago, I started my vocational training as an industrial clerk and I was at a point in my life

where I had absolutely no idea where it was going to take me.

After the apprenticeship, I was no wiser, only 3 more years had passed and so I started my first job as a raw materials buyer, also due to a lack of creativity and a lack of alternatives.

That same year, I met the woman of my life and, as luck would have it, for the first time in my life I had someone who believed in me and my abilities, so I ventured off to university to try my luck as an industrial engineering student.

I quickly realized that I wasn't one of the smartest students on the course and so for 5 years I had to spend up to 12 hours in the library doing calculations while also working 20 hours as a student trainee. During this time, however, I realized more and more about my own abilities that I was capable of more than I would have believed myself. I often thought about quitting and doubted it, but I always got up again after some extreme failures. Some of the smarter ones left university and so I learned that the world belongs to the hard-working and persistent and that these skills are worth far more than pure intelligence. I was also shown how important the environment is for personal success.

You can see from my example that sometimes all you need is one person in your life who believes in you and keeps building you up.

After 5 years of studying, I was now confident enough to believe that you can do anything. The course itself didn't really teach much theory, this realization was much more important. My growth came about in times of absolute powerlessness in the face of the situation. 💡

My advice to my 20-year-old self would be to find someone who believes in you and surround yourself with positive people, not yes-men, but people who give you energy back, even when times seem bleak.

Now 10 years later, I'm at a level by my standards that I can write this post about my first 100k as a globally responsible buyer, a small thing for some people, but a huge step for me and my starting level.

getquin evergreens

This article aims to summarize the best, timeless contributions on getquin. There is now a "Best Of" category on getquin for this purpose. However, it has no table of contents and is therefore currently unusable. This means: The getquin evergreens are alive again 😎. I explain how a post is included here in the first comment below.

This post can be linked / found via the hashtag #gqevergreens to be linked / found. Therefore, please do not use the hashtag in your own posts.

Beginner knowledge

FAQ on current topics from @Michael-official

https://getqu.in/YAEkVV/

The stock market guide for beginners by @hendrik_lmr

https://app.getquin.com/activity/GScmDtKazV

Sector and industry ETFs from @RoronoaZoro

https://getqu.in/iAF3CV/PCtvWe/

Money market ETF from @leveragegrinding

https://getqu.in/wasPBo/

Why it makes sense to sell bad buys at a loss by @DonkeyInvestor

https://app.getquin.com/activity/JMQwETSOoS

How much return you can expect from the stock market by @philippklmr

https://getqu.in/BisJJZ/

Excess return with leverage ETF from @Epi

https://getqu.in/Z3HdEs/

ETFs: Physical or Synthetic from @DiFigiANo

https://getqu.in/iAF3CV/oHCVwx/

Identify overlaps in the portfolio with Morningstar X-Ray from @TA2400

https://getqu.in/jSL8pZ/

ESG Investing from @Derebete

https://getqu.in/iAF3CV/1eDKC2/

ADRs (American Depositary Receipts) from @Derebete

https://app.getquin.com/activity/MaNacLQgqV

Simple vs. time-weighted return of @VP

https://getqu.in/ALAtvI/Lk0zdx/

Basics of ELTIFs (private equity for low-income earners) from @Lorena

https://getqu.in/EUnNKD/

Strategy and strategy development

Target and strategy development of @DonkeyInvestor

https://app.getquin.com/activity/VAKRkmXgSS

Shares Mindset of @TheAccountant89

https://app.getquin.com/activity/onlUXSLDPC

Considerations before an investment of @DieFinanzchaotin

https://app.getquin.com/activity/UBGMzdbmzT

Overweighting the USA from @Mister_ultra

https://getqu.in/oRgcBy/

Stock market experience of @Simpson

https://app.getquin.com/activity/JZKYXnyfYn

Don't trust a backtest that you haven't faked yourself by @Epi

https://getqu.in/2jt97V/

Investing will not make you rich by @Europoor

https://app.getquin.com/activity/KXsFOPvUSP

Carry trades from @GeldGenie

https://getqu.in/fLdAXu/

Analysis of companies

Company valuation of @TheAccountant89

https://app.getquin.com/activity/laOUVhfFDI

Financial Statements ABC of @TheAccountant89

https://app.getquin.com/activity/ToMuvITmXP

Value Investing according to Warren Buffet by @TheAccountant89

https://app.getquin.com/activity/XcuRrJwmyP

Why the price of a share is secondary in many cases by @RealMichaelScott

https://getqu.in/t1ZiuW/

Balance sheet analysis Goodwill / Goodwill of @TheAccountant89

https://app.getquin.com/activity/ymidZwhlTk

Share valuation using cash flow from @RealMichaelScott

https://getqu.in/rl57Yp/

Financial health of companies from @Fabzy

https://getqu.in/iAF3CV/Sj1031/

Pennystock - quick riches or quicker to the abyss? by @TheAccountant89

https://app.getquin.com/activity/orzJpSUCFF

It's all priced in by @leveragegrinding

https://app.getquin.com/activity/AaYUYyBJYP

ROCE - an underestimated key figure from @RealMichaelScott

https://getqu.in/iAF3CV/wLIvk0/

The KCV ratio of @TheAccountant89

https://getqu.in/fge02A/

The importance of the gross margin in times of high inflation of @RealMichaelScott

https://getqu.in/BfvZRV/

Dividend

Selection of suitable dividend stocks from @RealMichaelScott

https://getqu.in/iAF3CV/fvH5yO/

Monthly cash flow without dividend of @Fabzy

https://getqu.in/iAF3CV/khjXz6/

Withholding tax from @DividendCop

https://getqu.in/2MTOgF/

Cancellation and correction of dividends of @GoDividend

https://getqu.in/iAF3CV/LjsdiK/

High dividend with a long investment horizon of @DonkeyInvestor

https://app.getquin.com/activity/rROZDjNjkK

Where is my dividend? From @GoDividend

https://getqu.in/f7DDdJ/

bonds

Introduction to bonds from @topicswithhead

https://getqu.in/A2wCHZ/

crypto

Cryptocurrencies for beginners (3 parts) by @DonkeyInvestor

https://app.getquin.com/activity/buTJFYxcSD

Why Bitcoin cannot be copied by @stefan_21

https://getqu.in/l8f1sS/

Bitcoin Mining (for the desktop) by @stefan_21

https://app.getquin.com/de/activity/AnYxxxUNvV

Difference between Bitcoin, crypto and the associated ecosystem of @DonkeyInvestor

https://app.getquin.com/activity/FYtgJmTHNP

Storing crypto from @DonkeyInvestor

https://getqu.in/GZNTx2/

Multisig wallet and passphrase from @stefan_21

https://getqu.in/2fcwSs/

The control loops of Bitcoin from @stefan_21

https://getqu.in/J56y9P/

The biggest threats to Bitcoin from @stefan_21

https://getqu.in/PJQ7Ll/

Precious metals / commodities

All that glitters is gold? About physical gold and paper gold by @InvestmentPapa

https://app.getquin.com/de/activity/ApWcaXFtjm

How much gold makes sense in a portfolio? by @Michael-official
https://app.getquin.com/de/activity/MwNNrpNHSW

No fear of the Money Laundering Act when trading precious metals by @InvestmentPapa

https://app.getquin.com/de/activity/OEpTZrhNkH

Precious metal trading - price errors and the lesson from mistakes by @InvestmentPapa

https://app.getquin.com/de/activity/XQDmGDnCQL

Gold, the gold of the 21st century? by @DonkeyInvestor
https://app.getquin.com/activity/lohxnDnlch

Derivatives

The Derivatives Guide from @leveragegrinding

https://app.getquin.com/activity/rRSPMsiSXp

Technical analysis

How does the market move? by @TradingMelone

https://app.getquin.com/activity/HEjsMIIAQo

Structure on time units from @TradingMelone

https://getqu.in/0xbRoM/

Book collection Trading from @Jubele

https://app.getquin.com/activity/CtYyhEeuuU

risk management

Money and risk management from @TomTurboInvest

https://app.getquin.com/activity/SNlGtdgvOL

Correctly assessing the risk of a short investment period of @DonkeyInvestor

https://app.getquin.com/activity/oyjGfrRRfr

real estate

Calculated: Staying in your own home or renting (3 parts) by @DonkeyInvestor

https://app.getquin.com/activity/FoLdCxttXY

The structure of the German land register by @tim1

https://app.getquin.com/activity/zEPUbNLiJD

Taxes

Advance lump sum from @InvestmentPapa

https://app.getquin.com/activity/NkbpVLHoQq

Reduce your own tax burden by @DerSteuerberater

https://app.getquin.com/activity/tcJOoxBnPJ

Capital gains in the tax return of @Aktien-Joe

https://app.getquin.com/activity/utnxbQMvLu

insurance companies

Occupational disability insurance from @Dr27589

https://getqu.in/o7CduM/

Advantages and disadvantages of pension insurance from @Dr27589

https://getqu.in/iAF3CV/MvuZFT/

Why you should review your insurance policies from time to time by @Dr27589

https://getqu.in/0xbRoM/

Thoughts on occupational pension schemes by @Epi (be sure to read both parts)

Part 1: https://getqu.in/Ou27Cn/

Part 2: https://getqu.in/wcbhXs/

Miscellaneous

Psychology and the stock market of @RealMichaelScott

https://app.getquin.com/activity/YDHwRAosJH

The marketing 1x1 from @Lorena

https://app.getquin.com/activity/onpCOHgXPm

Stock returns vs. economic growth of @PowerWordChill

https://getqu.in/9cY5Lw/

How "financial coaches" get rich with your greed by @Staatsmann

https://getqu.in/iAF3CV/EXBBCQ/

Managing assets with Holding & GmbH by @LUD

https://app.getquin.com/activity/ZYnOFzUIiZ

Estate planning from @tim1

https://app.getquin.com/activity/kaGUVfDlsJ

Proof of origin of funds when depositing @DividendenWaschbaer

https://getqu.in/HvEZZG/

Tips for a better portfolio Feedback from @DonkeyInvestor

https://app.getquin.com/activity/NhIGEJGCTA

Podcasts in the financial world from @GoDividend

https://app.getquin.com/activity/gHjvAfBPnW

Here's to our portfolios being forever green with the help of these contributions 💚

Protection in an emergency: why a power of attorney for healthcare and a power of attorney for a bank are not the same thing

I would like to share something with you that I am currently experiencing first-hand. I am currently supporting a close relative whose wife is seriously ill. She can no longer make decisions or take care of important matters. This has caught us completely unprepared as a family - and I have learned how important it is to get the right documents in order early on.

A big point that many people don't realize is that even with a power of attorney does not cover everything. Although this power of attorney allows you to make decisions for someone and deal with the authorities, in most cases it is not sufficient to gain access to bank accounts. Banks often require their own powers of attorney, which must be signed in advance. If this specific power of attorney is missing, the only option in the worst case is to go to a notary to have a notarized power of attorney drawn up. This is not only time-consuming, but also costs valuable time and money in an already stressful situation.

So my advice: In addition to a power of attorney for healthcare, you should also have separate bank powers of attorney directly with the banks you trust. This is the only way to have easy access to accounts in an emergency.

Incidentally, you can find the template for a health care proxy at the Federal Ministry of Justice. It regulates many other important matters and is an absolute basic building block for good protection:

👉 Vorsorgevollmacht vom Bundesministerium der Justiz.

In addition, I also recommend a living willto clearly record your wishes regarding medical measures. This will relieve your relatives of having to make decisions in difficult moments and ensure that everything goes according to your wishes.

Another important thing: I also learned about the protected assets during this time. For married couples, this is 20,000 euros, which may not be used for care costs.

You can also make a funeral provision up to 8,500 euros per person. This money is also protected and remains untouched.

I can see from my relative how challenging such situations are - emotionally and organizationally. I can therefore only advise you: Take care of such powers of attorney and arrangements early on. It takes a huge burden off you and your loved ones in difficult times.

[Please note that these are my amateur findings from the last few weeks and days. If you can think of any important additions or if I have misrepresented something, please write it in the comments. I am grateful for any advice and will amend or correct the article accordingly].