$BNTX (-1,05%)
$ON (-2,88%)
$HIMS (+3,1%)
$PLTR (+2%)
$O (+0,26%)
$8058 (-0,06%)
$7974 (+2,44%)
$BP. (+0,67%)
$BOSS (-2,98%)
$SWK (-1,68%)
$SPOT (-1,11%)
$N1CL34
$UBER (-0,24%)
$CPRI (+0,28%)
$SHOP (-1%)
$RACE (+0,87%)
$HOG (+0,91%)
$HTZ (+1,84%)
$PFIZER
$UPST (+2,52%)
$ANET (-1,53%)
$PINS
$TEM (+2,65%)
$AMD (-0,67%)
$SMCI (+2,15%)
$RIVN (+3,89%)
$BYND (+0%)
$KTOS (+2,64%)
$CPNG (-0,03%)
$BMW (-0,84%)
$NOVO B (-1,28%)
$FRE (-0,11%)
$ORSTED (+0,48%)
$AG1 (+0,56%)
$EVT (-0,4%)
$CCO (-2,64%)
$DOCN (+6,2%)
$LMND (+2,18%)
$SONO (+2,11%)
$MCD (-0,53%)
$HOOD (+4,53%)
$QCOM (+1,54%)
$FTNT (+2,03%)
$FSLY (+2,61%)
$HUBS (+3,69%)
$ELF (-1,14%)
$ARM (+0,96%)
$SNAP (+1,21%)
$DASH (+0,39%)
$APP (+2,26%)
$AMC (+0,45%)
$ZIP (+3,08%)
$FIG (+0,94%)
$LCID (+0%)
$DUOL
$UN0 (-0,83%)
$CBK (+1,27%)
$DEZ (-0,41%)
$ZAL (-2,26%)
$HEN (-0,88%)
$MAERSK A (+0,76%)
$HEI (+0,2%)
$CON (-0,09%)
$AZN (+1,55%)
$ALB (+0,67%)
$MRNA (-2,87%)
$QBTS (+2,23%)
$WBD (+4,42%)
$LI (+1,69%)
$RHM (+0,06%)
$DDOG (+2,52%)
$RL (-0,78%)
$OPEN (+6,07%)
$ABNB (+0,99%)
$PTON (+0,8%)
$MP (-4,22%)
$TTD (+2,18%)
$STNE (+2,1%)
$SQ (+1,6%)
$GRND (-1,65%)
$IREN (+1,17%)
$AFRM (+2,37%)
$CRISP (+0,03%)
$RUN (+5,21%)
$7011 (+1,8%)
$DTG (-0,12%)
$HAG (+1,81%)
$DKNG (+0,96%)
$LAC (-2,47%)
$KKR (-0,39%)
$PETR3 (+0,41%)
$CEG
$WEED (+0%)

Following the rebalancing of the S&P Quality Aristocrats last Friday, the following stocks were removed from or added to my two ETF indices (50% weighting):

New additions:

$QDEV (-0,72%): $NOVN (+1,5%) , $REL (-0,26%) , $ITX (-0,14%) , $LSEG (+0%) , $DB1 (-0,07%) and more

$QUS5 (-0,88%): $BKNG (+0,33%) , $MRK (-0,13%) , $CRM (+1,11%) , $UNP (+1,2%) , $COR (-0,82%) , $CAH (+0,55%) and more

Kicked out of both indices and therefore according to S&P no longer Quality Aristocrats are among others: $BATS (+0,45%) , $7974 (+2,44%) , $HD (+0,67%) , $LOW (-0,75%) , $HLT (-0,94%)

In addition, the allocation of all individual stocks in the indices was reduced again to max. 5 % was limited.

Thanks to the recent rally of $$HY9H (-0,44%) my current top 10 weighting (ETFs+shares) is as follows:

3.48% Alphabet

3.04% SK Hynix

3.04% Broadcom

2.93% Meta

2.75% Microsoft

2.71% Apple

2.71% NVIDIA

2.55% Taiwan Semiconductor

2.13% Mastercard

2.08% Visa

New portfolio key figures:

P/E: 27.1 (<30) 🟢

Forward P/E: 21.1 (<25) 🟢

P/Β: 11.5 (<5) 🔴

EV/FCF: 28.7 (<25) 🟡

ROE: 42% (>15%) 🟢

ROIC: 19% (>15%) 🟡

EPS growth for the next 5 years: 15% (>7%) 🟢

Sales growth for the next 5 years: 9% (>5%) 🟡

My internal rate of return is currently 20.19%

Demand for the Switch 2 is exploding.

Nintendo had to ramp up production - a clear sign of strength in the consumer segment.

$7974 (+2,44%)

https://invezz.com/de/news/2025/10/17/nintendo-steigert-produktion-fur-switch-2-da-die-nachfrage-die-prognosen-ubertrifft/

After the rally of$GOOGL (-1,49%)

I sold 20% of the position to lock in profits.

I used the setback in $7974 (+2,44%) Nintendo to enter the market and start to slowly diversify.

Focus remains on quality + balance between tech growth and stable cash flows.

📈 Performance:

S&P500: +1.51%

MSCI World: +1.76%

DAX: +2.59%

Dividend portfolio: +4.24%

My high and low performers in August were (top/flop 3):

🟢 $UNH (-1,14%) UnitedHealth +16.78%

🟢 $ADM (-0,44%) Archer Daniels Midland +12.33%

🟢 $8058 (-0,06%) Mitsubishi Corp. +12.05%

🔴 $LLY (+2,54%) Eli Lilly -5.99%

🔴 $MSFT (-2,2%) Microsoft -7.51%

🔴 $CTAS (+1,02%) Cintas -9.20%

Dividends:

August 2025: €129.54

August 2024: € 101.41

Change: +27.74% 🥒

Sales:

🟥 $7974 (+2,44%) Nintendo (6 pcs.) +100%

Purchases:

🟩 $PG (+1,06%) Procter & Gamble (4 pcs.)

Savings plans:

• ($CTAS (+1,02%) ) Cintas (50€)
• ($MC (+0,57%) ) LVMH (50€)
• ($MSFT (-2,2%) ) Microsoft (25€)

What else has happened?

The tax assessment notice has arrived and the back payment has increased to 4100€. Funnily enough (typical for Germany), the advance payment is calculated on the basis of this year. As everything seems to run automatically, nobody checks whether this makes sense. In any case, the tax office assumes that I will have to pay the same amount again next year (or more) and tells me that I should pay €6500 in advance. Of course, I'm now asking for a recalculation. But that's a lot of work again, which could have been avoided if someone had just looked over it. Then they would have seen that this was a one-off. Well, what else do I expect these days.

The appointment at the garage has been arranged for the beginning of September. Let's see what else is in store for me.

I'm going on vacation at the end of September. That will be necessary again. My last vacation was last year around Christmas.

🥅 Goals for 2025:

Deposit of €10,000 and thus a deposit volume in the share portfolio of ~€73,000

Target achievement at the end of August 2025: 60.58%

How was your August?

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Today it clicked - the first dividend from $HTGC (+1,64%) has landed in my account. 🏦💥 And I'm telling you: no matter how small or large the amount - this feeling is priceless. 😏 It's not just "money", it's proof that your capital is working for you while you're chilling, drinking coffee or playing Nintendo. 🚀 (unfortunately no $7974 (+2,44%) Nintendo share in my portfolio)

The first dividend is like the first date - exciting, emotional and a foretaste of what's to come.

🔝🔛

At the end of July, I made the decision to break up my portfolio. This is just a visual change, but it will take me back below 100,000 euros.

What did I do?

I decided to split my portfolio into three parts. Of course, as I said, this is only a visual change. But it allows me to make a somewhat more concrete evaluation.

But first, as usual, let's take a look at the S&P500:

For once, the S&P500 was up almost continuously in July. There was only a dip at the end of August. The main reason for the rise was the regulated tariffs.

In my opinion, the stock market reacts very quickly and very positively to any regulations, which, as we all know, can also be quickly discarded.

In the end, the S&P500 gained +3.97% (USD). In EUR terms, it is even up 6.1%.

Now let's move on to my new portfolio allocation. For the time being, nothing has changed in terms of positions. However, I have turned one portfolio into three or simply sorted things out.

On the one hand, of course, I have my share portfolio, which also serves as a review here.

Secondly, I have taken out my XEON. It's still running, of course, because that's the money that will be used to pay off the loan in five years' time. I don't need to keep that in retrospect.

I have also created a "pension portfolio". This contains my ETFs, which I save a total of €650 per month. This doesn't need to be included in the review either, as the savings plans are running there and there shouldn't be any changes until retirement.

What remains is my share portfolio, which contains the individual shares and gold.

As you can see, my performance is +1.45%.

The S&P500 has massively outperformed me here. At the same time, the MSCI World has also risen by 4.4%. Over the year as a whole, my portfolio is now down -1.7%, while the MSCI World is still down -2.7%. The S&P is even at -4.1%

Only the DAX is still outperforming everyone. Over the year, it is now up +17.7%.

My high and low performers in July were (top 3):

Tractor Supply ($TSCO (+0,19%) )+15,85%

British American Tobacco ($BATS (+0,45%) ) +15,59%

Ping An insurance ($2318 (-1,71%) ) +13,52%

Nestlé ($NESN (-0,86%) ) -9,32%

Nintendo ($7974 (+2,44%) ) -11,07%

United Health ($UNH (-1,14%) ) -16,29%

Dividends:

In July, I received €56.87 net from a total of 8 distributions.

Compared to July 2024 (€74.17), this was a reduction of 23.32%.

The difference is due to the fact that Ping An already paid in June this year.

Due to my new portfolio allocation, I have excluded the ETF dividends in each case and therefore the dividend is now of course also visually much lower. The dividends received in the bond portfolio flow 1:1 back into the ETFs.

Investments:

The bill for the car has finally arrived. It amounts to around €1200. Of course, that sets me back enormously. But the worst is yet to come.

The tax was due on 31.07. Well, I was already aware that I had to pay it. However, the sum amounts to €4,000 in arrears. But where does that come from? My old employer paid me a special payment from the old year (i.e. 2023), which was untaxed except for the pension contributions. I got away with it and of course I have to pay an enormous amount as a result. This is also deducted from my nest egg, which makes it worthwhile to have a nest egg.

This means I'm starting almost from scratch again with my nest egg. However, the inspection is due next month at the latest, including an oil change and possibly a brake change.

That would probably use up the nest egg completely. If the brakes don't need to be changed, I can also use the coffee money.

Let's see what August or September at the latest brings.

Buying and selling:

There were no sales in July either.

I added to Gladstone Invest ($GAIN (+0,75%) ) (150 shares) and Hercules Capital ($HTGC (+1,64%) ) (14.45 shares)

savings plans (125€ in total):

• Cintas ($CTAS (+1,02%) )
• LVMH ($MC (+0,57%) )
• Microsoft ($MSFT (-2,2%) )

Goals 2025:

I have to change my targets slightly - together with the portfolio. Overall, the €130,000 at the end of the year will remain, but this target will of course be made smaller and the focus will only be on the dividend portfolio.

To be honest, I haven't thought about the target there yet.

Target achievement at the end of July 2025 (in relation to the €130,000): 58.33%

How was your July?

What else would be of interest or what could I do better in the review?

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As part of my ETF DIY project, I analyzed $7974 (+2,44%) analyzed them using my self-developed valuation system:

Moat: 5/5

• Market position: +
• Uniqueness / differentiability: +
• Switching costs: +
• Technological advantage: +
• Brand loyalty: +

Growth: 3/5

• Turnover & profit: -
• Scalability: -
• Industry trends: +
• Ability to innovate: +
• Geographic expansion / penetration: +

Risk: 2/5

• Regulatory & geopolitical: -
• Market risks: +
• Competitive situation: +
• Balance sheet quality: -
• Sales diversification: -

Dividend: 0/1

• No constant dividend increase, no high dividend.

Belief: 0/1

• Lack of belief in major new innovations or gaining market share

Total: 10/17

• Nintendo is saved with a factor of 3.

If you are not yet familiar with my system and the ETF DIY project, just take a look at my profile.

The complete analysis and my thoughts on it can also be found on YouTube:

https://youtu.be/rjq34iQ0xuA

Half of the year is now over. Incidentally, since July 2, we are closer to the year 2050 than to the year 2000 - just saying.

How could it be otherwise, June was also quite volatile in the middle, but the S&P500 regained everything and closed June with +2.12%. YTD, however, it is still at -7.36%.

In June, I recorded a loss of 0.32%. This corresponds to a value of around €380. It has to be said that I received fewer dividends, as getquin does not deduct withholding tax. But more about the dividends later.

The Dax (-1.11%) was finally worse than my portfolio this month. However, the HSBC MSCI World (+0.68%) beat me this time. Well, the DAX still has a bit of a head start. However, the MSCI is catching up considerably over the year. Nevertheless, I still have a slight lead of around 4%.

My high and low performers in June were (top 3):

Nintendo ($7974 (+2,44%) ) +14,96%

Airbus ($AIR (+0,13%) ) +9,91%

Texas Instruments ($TXN (+0,46%) ) +9,63%

McDonald's ($MCD (-0,53%) ) -9,24%

Procter & Gamble ($PG (+1,06%) ) -9,63%

Nestle ($NESN (-0,86%) ) -10,17%

Texas Instruments $TXN (+0,46%) is among the top 3 stocks again. But still only just over 0% for the year. The customs hullabaloo has simply taken its toll.

Airbus $AIR (+0,13%) is of course benefiting from the Boeing disaster and the defense division is also doing quite well.

Nintendo $7974 (+2,44%) has finally released the Switch 2 and is rising and rising and rising. I would have bought more six months ago... You're always smarter afterwards.

Dividends:

In June, I received €277.64 net from a total of 26 distributions.

Compared to June 2024 (€130.83), this was an increase of 112.21%.

Now comes July. The announcement of the distribution from the Global Dividend Growth ETF is not quite as bad as expected. The worst month of the year has thus changed to October.

Investments:

I still haven't finished building up my nest egg. I still haven't received the bill for the car repairs, so I still have a lot to put aside for that. In the meantime, it could come slowly so that I can finally get it off my plate. Apart from that, my nest egg is growing but it will take some time before it is at a satisfactory level. However, it should reach €10,000 by the end of December, provided nothing serious unforeseen happens.

Purchases and sales:

There were no sales in June.

I bought or increased Hershey (2 shares) and Pepsi (2 shares)

savings plans (125€ in total):

• Cintas $CTAS (+1,02%)
• LVMH $MC (+0,57%)
• Microsoft $MSFT (-2,2%)

Goals 2025:

My goal is still to have €130,000 in my portfolio at the end of the year. This target is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.

This comes from selling useless stuff on eBay, additional income from e.g. "neighborhood help" etc.

The worse the share price, the more additional cash has to be raised.

Target achievement at the end of June 2025: 44.44%

Who would have thought that I should actually be at least 50%. I'm not, which means I'm lagging a little behind the optimal path again. But what can't be done, can still be done.

How was your June?

Do you have any particular goals for the second half of the year?

If you're interested in a mid-year review from me, please let me know in the comments.

If you liked the report and would like to read more, feel free to follow me,

If you're not interested, feel free to keep scrolling or use the block function.

Personal dividend yield here is approx. 1.8% plus almost 50% growth in value in one year