I have 50 shares of $NOVO B (-4,03%) at a price of €66. I still believe that it is not wrong to be positioned with Novo and $UNH (-2,91%) (10 shares at €353), but perhaps one should not overdo it. The positions are large enough to have a noticeable effect on a full recovery, but I don't need to overload myself to create an even bigger buy-in.

Basically, there is much to suggest that the market is simply acting excessively panicky and headless and that the healthcare sector itself is not in demand (see post before last). Especially when Trump is throwing out some TACOs saying that he wants to regulate pharmaceutical prices - and although pharma is taking a dive, health insurers are still not benefiting from this. A lot of things on the market don't fit together at the moment.

Sometimes I'm also right. Sometimes. I have $SHOP (+21,54%) at €30 and $NVDA (+0,57%) for €12 when nobody wanted the shares, but the trick is of course that you always have too many shares in stocks that fall and too few in stocks that rise. You can sometimes make the perfect start with a single tranche, but you will rarely take €100,000 in the morning after a good night's sleep and find the golden turnaround with a single purchase ... so just in case anyone gets the idea that you can simply get in later when the shares are rising again: you won't do that anyway.

$NOVO B (-4,03%) 29,50€

$UNH (-2,91%) 230€

$TSLA (+2,96%) 400€

$MSFT (-1,09%) 385€

$PLTR (+3,33%) 69€

$HIMS (-7,41%) 35€

$NVDA (+0,57%) 130€

$DRO (+7,82%) 1,49€

$RHM (-0,06%) 1750€

$LMND (+5,84%) 24€

$OSCR 9,89€

$MUV2 (+1,69%) 599€

$ASML (-0,19%) 549€

$MC (+0,53%) 401€

$LMND (+5,84%)

One of the most impressive key figures when you have growth of 80 % (800,000 customers)

while operating costs continue to fall.

This shows very nicely how AI and automation can have an impact on a company/business model that has been built and trained from the ground up with artificial intelligence.

There are hardly any other companies where the number of employees remains almost the same or the number of employees is likely to have decreased between 2022 and 2025, but the company continues to grow strongly.

Employees 2022: approx. 1367

Employees 2025 approx. 1235

(According to my internet research)

$PGR (+0,44%)
$BRO (-0,53%)
$ALV (+1,22%)
$MUV2 (+1,69%)
$ALL (+0,94%)
$UNH (-2,91%)
$HNR1 (+0,74%)
$BRK.B (+0,5%)
$ZURN (+1,15%)
$CS (+0,5%)

$UNH (-2,91%)

$UNH (-2,91%) 2.tranche buy swim against the tide 💪

After$HIMS (-7,41%) recently published mediocre figures and the share accounted for over 60% of my portfolio, I took advantage of the market strength in early trading today. At a price of €50.40, I reduced my position by 60% to secure profits.

Although I still hold 1000 shares and believe in the company for the long term, it is sensible to cash out after a gain of over 600% in just three years. This also gives me the opportunity to invest in other promising stocks on my watchlist.

The remaining position will remain an important part of my portfolio for a long time to come, as I still consider $HIMS (-7,41%) still see it as one of my best long-term investments.

Yes, the tax is extremely painful, but with this decision I can now sleep more relaxed again.

What stocks are you currently looking at and where would you currently invest your money? And no $NOVO B (-4,03%) or $UNH (-2,91%) does not come into my house 🤣

Greetings, Bubu

$LMND (+5,84%)

• Revenue: $164.1M (Est. $161.4M) ✅; UP +46% YoY
• EPS: -$0.60 (Est. -$0.80) ✅
• In-Force Premium: $840M; UP +22% YoY

Customer & Premium Metrics

• Premium per Customer: $394; UP +11% YoY
• Total Customers: 2.1M; UP +10% YoY
• Policies in Force: 2.13M
• Annual Dollar Retention (ADR): 87%

Other Q2 Metrics:

• Gross Profit: $41.3M; UP +91% YoY
• Adj EBITDA: -$30.4M
• Net Loss: $41.6M
• Gross Loss Ratio: 77% (vs. 94% YoY)
• Cash & Investments: $888M
• Net Cash Used in Operating Activities: -$29.8M

CEO comment:

🟡 "We achieved record sales and margin improvements. This is the strongest second quarter in Lemonade's history."

🟡 "We are on track to achieve our target of adjusted EBITDA profitability by mid-2026."

$BRO (-0,53%)
$BRK.B (+0,5%)
$BRK.A (+0,46%)
$PGR (+0,44%)
$ALV (+1,22%)
$MUV2 (+1,69%)
$CS (+0,5%)
$HNR1 (+0,74%)
$UNH (-2,91%)
$ALL (+0,94%)
$601318
$CB (+0%)
$ZURN (+1,15%)
$TLX (+0,5%)
$HSX (+9%)

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 (+0,27%) )+15,85%

British American Tobacco ($BATS (+0,36%) ) +15,59%

Ping An insurance ($2318 (-2,89%) ) +13,52%

Nestlé ($NESN (-2,07%) ) -9,32%

Nintendo ($7974 (-0,52%) ) -11,07%

United Health ($UNH (-2,91%) ) -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 ($GAIN (+0,28%) ) (150 shares) and Hercules Capital ($HTGC (-0,58%) ) (14.45 shares)

savings plans (125€ in total):

• Cintas ($CTAS (-0,15%) )
• LVMH ($MC (+0,53%) )
• Microsoft ($MSFT (-1,09%) )

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?

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

If you're not interested, you can keep scrolling or use the block function.

Is it worth getting started with $ (-4,03%)NOVO B (-4,03%) and $UNH (-2,91%) ?

Where do you see the price targets for both companies?

$NOVO B (-4,03%)

$UNH (-2,91%)

According to Peter Lynch, sooner or later this statement will prove to be true. However, this may be much later than one would expect and in the meantime it may fall much lower...

He also writes something about fishing and having reached the bottom...

" trying to catch the bottom of a falling stock is like trying to catch a falling knife. It is usually a better strategy to wait until the knife reaches the bottom, gets stuck, swings back and forth for a while and finally comes to rest before trying to catch it.

Trying to pick up a rapidly falling stock leads to painful surprises because you usually catch it at the wrong moment.

If you are interested in buying a turnaround stock, you should have a more sensible reason than that the stock has fallen so far or that it looks like it can only go up from here."

$MC (+0,53%)

Quotes from:

One Step Ahead of the Stock Market - Peter Lynch - 1989

(S. 334-336)