"I always wanted to have" is not rational, why did you buy?
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@Aktienfoxx I think LVMH is fairly valued at this price level (for me and without chart analyses etc.).
We have recently seen repeated jumps upwards, but if we come down we will end up in the region of €600.
LVMH has risen well in the last few years, the company has been properly revamped and sales, margins etc. have been significantly improved.
Even in view of a possible slowdown in the (luxury) market due to political uncertainties, the task now is to maintain this level of figures and secure the basis for a good future.
For me, LVMH is a separate, broad-based, actively managed luxury fund. It covers everything the rich and famous need.
If I no longer know what to do with my money, I just buy expensive Schamps and the like.
There will always be rich people and there will always be more of them. Especially the newly rich have to splurge first ;)
And if things don't work out with champagne and the like, I just put on more make-up or buy more jewelry and watches and so on.
Luxury is always possible and with LVMH I have everything covered except for expensive cars.
We have recently seen repeated jumps upwards, but if we come down we will end up in the region of €600.
LVMH has risen well in the last few years, the company has been properly revamped and sales, margins etc. have been significantly improved.
Even in view of a possible slowdown in the (luxury) market due to political uncertainties, the task now is to maintain this level of figures and secure the basis for a good future.
For me, LVMH is a separate, broad-based, actively managed luxury fund. It covers everything the rich and famous need.
If I no longer know what to do with my money, I just buy expensive Schamps and the like.
There will always be rich people and there will always be more of them. Especially the newly rich have to splurge first ;)
And if things don't work out with champagne and the like, I just put on more make-up or buy more jewelry and watches and so on.
Luxury is always possible and with LVMH I have everything covered except for expensive cars.
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