25% on cars & reciprocal tariffs. So nothing new.

Barker from the auto industry about what he sees (biased bubble? ^^). Underutilized factories, job cuts, etc.

Canada as an unfair trading partner with high tariffs (Trump signed the last trade deals with Canada and Mexico 🤡).

Australia has high tariffs on beef. Australia also has an oversupply. Even without tariffs, Australians will continue to buy local beef - because it's cheaper than US beef anyway...

I want to take notes, but I can't

with this nonsense. 😂😂

Trump and sin Trade Deficit... Trade deficits are neither good nor bad per se. Very large deficits can have a negative impact on the economy. A trade deficit can be a sign of a strong economy and under certain conditions can lead to stronger economic growth in the country where the deficit exists. But he just didn't understand that... Macroeconomics is just not his thing...

(For the exact list: https://getqu.in/5RMOVN/

https://getqu.in/5RMOVN/ / @BamBamInvest )

Trump presents like he's playing bullshit bingo. 😂😂 "He's a great friend of mine blah blah blah but they charge us horribly. No one has ever treated worse blah blah blah. " 😂😂

Calculation bases are unclear and not mentioned. (Please post/comment if you find anything).

Regarding the situation vis-à-vis Switzerland:

• Industrial goods: Since January 2024, Switzerland no longer imposes tariffs on industrial goods, which means that almost 99% of goods imported from the USA can be imported duty-free.

More blah blah blah about what he does sooooo well... NVDA and other companies were mentioned ($NVDA (-3,43%) lost 2% at practically the same time 😂).

Bad China blah blah Bad trade agreements blah blah China has taken advantage of us (maybe partly right? Economically opportunistic - who wouldn't do it that way...? )

So, enough of my own blah blah blah.

Conclusion: Nothing (great) new.

My expectation: volatility. Shorter/longer and stronger/weaker depending on international reactions. But the recovery will come quickly. Other countries will also increase tariffs in some cases - until the calculation has been clarified... China is firing up the printing press for local consumption. EU lets itself drift and seeks a compromise. Switzerland is negotiating behind closed doors and without much turmoil - will hardly affect "us".

In the middle of March I sold my $NVDA (-3,43%) shares at € 109 and bought this Liebherr refrigerator.

Unfortunately, I missed the opportunity to buy at 97 euros. But now I have the opportunity to buy at 100 or maybe 99. What should I do?

Or better without Nvidia in my portfolio?

You can almost buy 2 scoops of ice cream for it 😂

Today I added another 1000 shares at $HAFNI (-0,78%) and the rest in a few MSCI World. If Trump continues like this (and my cash flow doesn't collapse), I'll have doubled some of my positions by the end of the year - in terms of the number of shares, not in terms of value.

At $NVDA (-3,43%) there are 4700 shares on the list. This number (47 is a prime number, as you know) has been bothering my eye for a long time ... :-) Maybe I'll put another 300 shares in there after all - for the sake of appearance. Maybe there will be a good opportunity in the next few weeks (or tonight?).

2025 - A year to forget if you look at the first quarter. While things were still looking positive until around mid-February, things have been going steadily downhill since the middle or end of February.

March 2025 was the worst single month in my portfolio since 2013, with price losses of almost 10%. The negative market trend in the US and a weak US dollar naturally hurt my portfolio particularly badly.

Monthly view:

In total, March was -9,9%. This corresponds to price losses of almost 30.000€.

The MSCI World (benchmark) was -7.9% and the S&P500 -5.8% (in dollars, for euro investors it was also more like -10%).

Winners & losers:

A look at the winners and losers shows a clear picture in March:

Winners? You will look for them almost in vain this month.

In 1st and 2nd place are Deutsche Bank
$DBK (-0,69%) and Allianz $ALV (-0,87%) two German financial stocks with gains of around € +180 each. Northrop Grumman $NOC (-0,84%) at +120€ is only one of 2 American stocks with a positive price performance in March.

A completely different picture on the losers' side:

1st place goes to NVIDIA $NVDA (-3,43%) with price losses of over €4,200. It is followed by Meta $META (-4,66%) and Palo Alto Networks
$PANW (-2,21%) with price losses of ~€2,000 each. 4th place goes to Alphabet
$GOOG (-2,87%) with €1,600 in share price losses. The flop 5 is then completed by a non-tech stock, namely Starbucks
$SBUX (-1,71%) with losses of ~€1,400.

The performance-neutral movements were €500 in March - these are still lower at the moment due to the house construction issue.

current year:

In the YTD my portfolio is now also clearly in the red with -8,4%. The MSCI World is still doing better at -5.4%.

In total, my portfolio currently stands at ~260.000€. This corresponds to an absolute decline of ~€25,000 in the current year 2025. -28.000€ of this comes from exchange rate losses, slightly offset by ~900€ from dividends / interest and ~2.000€ from additional investments.

Dividend:

• Dividends in March were +8% above the previous year at ~390€
• At the top of the list Amgen
  $AMGN (-0,73%) with meanwhile over 55€ (gross) dividend every 3 months
• In the current year, the dividends after 3 months are +15% over the first 3 months of 2025 at ~730€
• The US dollar will also have an impact on dividends this year. Example: 2,500$ at an exchange rate of 1:1 equals 2,500€. At an exchange rate of 1.08$, these 2,500$ would only be worth 2,315€, a decrease of ~185€

Buying & selling:

• I bought in March for 750€
• 460€ shares
• 190€ ETFs
• 100€ crypto
• Sales Was there no

Change of strategy?

At the moment, Donald Trump and his policies are causing a lot of scrutiny, especially with regard to the (high) US share in the portfolio.

I can understand these thoughts very well. However, I have decided not to change my strategy and to maintain my high US & tech allocation in my portfolio.

There are certainly better short-term investment opportunities (European defense stocks as an example). Through my savings plans, however, I have deliberately opted for a long-term buying strategy that I will not throw overboard every few months. In the long term, for example, 2022 was an extremely good year to buy tech stocks.

As I don't have a portfolio target for this year anyway, I'm happy to go even lower - hopefully I'll be happy about the entry prices in 2-3 years' time.

YouTube:

Unfortunately, I only uploaded 2 videos to YouTube in March. Unfortunately, work in March was extremely stressful and time-consuming, so there was little time left for this.

I have also uploaded my March portfolio update as a video there if anyone would like to see some more information on the portfolio performance: https://youtu.be/fxbvatj6uvM?si=xP_gvoEmtuqSsfz8

I'm particularly happy to receive criticism or feedback here! 😊

Goal 2025

As already mentioned in the January & February review, a fixed deposit target for this year makes little sense due to the house construction. A fixed savings rate is also difficult to implement due to the issue (unforeseen costs and the like).

A dividend target is also very difficult due to the high volatility of the US dollar.

That's why I'm focusing on other topics this year, especially building a house and possibly one or two YouTube successes.

How are things looking for you? Are you sticking to your portfolio target for 2025 or do you also see difficulties in achieving it after the first quarter?

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

$NVDA (-3,43%) Our first purchase

Who else has bought at these levels?

Today I bought 2 call options on Nvidia ($NVDA (-3,43%)) with a strike price of USD 102 and a term until June 2026.

What is a call option?

A call option gives you the right (but not the obligation) to buy a share at a fixed price (the so-called strike price) until a certain date. In my case, this means that I have the right to buy Nvidia shares for USD 102 each until June 2026, regardless of how high the share price rises (or falls 🫣) by then.

Why a long term?

Long-term options, also known as LEAPS (Long-Term Equity Anticipation Securities), provide more time for the share price to move in the desired direction. This reduces the risk of short-term market fluctuations rendering the option worthless. However, LEAPS are more expensive than short-term options, as they have or price in a higher time value due to their longer term.

The current share price of Nvidia is around USD 107.69. Since my strike price is USD 102, my option currently has an intrinsic value of USD 5.69 per share (USD 107.69 current share price minus USD 102 strike price). In addition to the intrinsic value, the option price includes a time value that depends on factors such as the remaining term and the expected volatility. This time value means that the market price of the option is higher than the intrinsic value alone.

What did I pay in total?

2 contracts of 100 units each, price USD 29 per unit = USD 5,800 plus fees.

With these call options, I am betting that the Nvidia share price will rise "significantly" by June 2026. The long term gives the investment enough time to benefit from positive developments. The trade is profitable from a price of $NVDA (-3,43%) of over USD 131 (strike + price = 102 + 29 = 131) - so the thing still has to rise by around 22%. This seems plausible to me at this time.

Personal best case: rise to ~160.- Then I would sell one of the options ("take out the stake") and let the other continue to run and probably take over the shares in June 26'.

take over the shares in June 26'.

Do you still need the post on options? Then I'll take care of it. Call/put long/short and some "usual" combinations.

LG

GG

#optionen
#nvda
#calloption

Folks, be careful; don't try to apply the DCA average cost effect. There were no major events yesterday that caused the markets to close positive. Be careful again. It looks very much like a bull trap. The cause of the uncertainty in the markets still exists, so there is no reason why these markets should rally soon, and what goes up fast corrects fast. If you think the opposite, good luck.

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