The fifth month is now over. Somehow just as volatile as the other months, but this time at least in positive territory. The S&P500 has made up some ground, although it is still down YTD.

In May, I recorded a gain of 2.12%. This corresponds to a value of almost 2500€.

The Dax (+5.06%) has beaten me again. This is already becoming the norm. In May, the HSBC MSCI World (+3.26%) also beat me. However, I am still ahead for the year.

Over the year as a whole (YTD), I have again lost ground to the DAX, which has risen sharply again. This time the MSCI World was also able to catch up strongly. Nevertheless, as you can see above, I am still ahead of the MSCI World this year.

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

Tesla ($TSLA (+7,27%) ) +22,79%

Microsoft ($MSFT (+1,08%) ) +17,31%

Texas Instruments ($TXN (+1,45%) ) +16,57%

Imperial Brands ($IMB (+0,31%) ) -7,06%

Eli Lilly ($LLY (+1,46%) ) -17,69%

UnitedHealth ($UNH (+2,97%) ) -28,08%

United Health is again among the worst performers. Eli Lilly is now also among them. The pharmaceutical stock has now also fallen quite a bit for me. Nevertheless, I am still well up. Imperial Brands also did very well this year and can therefore correct a little again. Tesla is doing Tesla things again and Microsoft is generally on the up anyway. It is pleasing that Texas Instruments has risen again. This stock is quite volatile due to all the customs issues.

Dividends:

In May, I received €413.70 net from a total of 15 distributions.

Compared to May 2024 (€358.98), this was an increase of 15.24%.

There are now some more dividends in June, before July is by far the worst dividend month.

Investments:

The build-up of the nest egg is still not complete. I haven't received the bill for the car repairs yet, so I still have to set aside some money for that. Apart from that, the nest egg is growing but it will take some time until it is at a satisfactory level. I'm currently tending to keep it at least €10,000 (because 5 figures is cooler).

Purchases and sales:

There were no sales in May.

I bought or increased United Health (2x)

savings plans (€125 in total):

• Cintas ($CTAS (+0,83%) )
• LVMH ($MC (+0,32%) )
• Microsoft ($MSFT (+1,08%) )

Goals 2025:

My goal is still to have €130,000 in my portfolio at the end of the year. The goal 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 April 2025: 38.88%

Thanks to the good May, I have come a good deal closer to the average. Nevertheless, the year could still go a little better for me. But the feel-good factor is still 100%.

How was your May? The Rewind for May is already available. It looks quite nice too.

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.

$UNH (+2,97%)

https://www.semafor.com/article/06/04/2025/unitedhealthcare-lawsuit-accuses-guardian-of-trying-to-capitalize-on-ceo-brian-thompsons-killing

https://www.youtube.com/watch?v=AwQ7IZXjbRA

0:38 - 6:44

Sell now? 🙁

Already at a plus of 3% or only at 5% or more?

What do the wise among you say?

I know your DCA thesis, but I'll tell you what you already know: It will go down again.

I'd rather suspend the savings plans, build up cash again and wait until it crashes again, when I can make individual purchases or set up savings plans again.

$NOVO B (+3,03%)

$UNH (+2,97%)

$ASML (+1,91%)

$MC (+0,32%)

Another question that has nothing to do with this article. Why is $GIS (+0,78%) going so badly? Have we already seen the low point?

+150% performance in 5 years

Company portrait

Takeover of XL Group

Target figures & earnings growth

Cash flow & dividend

Return & equity

Debt reduction

Business figures 2024

Quarterly figures Q1 2025

Link: https://shorturl.at/OgwsV

$CS (+0,66%)
$ALV (+0,57%)
$MUV2 (+0,4%)
$UNH (+2,97%)

Good morning,

According to the motto, the best comes at the end, today I will deal with the very popular Turbo bills, also known as KO bills, in the last part of my little series.

First of all, I would like to say that there are currently none in my portfolio, so I have added the last trade with this class.

I can use this to illustrate my approach very well.

First of all, this class also offers the opportunity to trade on rising or falling prices. The risk and the chances of profit are very high in this product, as they can lead to total loss as well as to 2-3 digit % profits within hours / days. The key figures are very easy to understand, as there is a KO price and a subscription ratio. In the case of the bill below, a short on a falling price, the KO was $350, when I bought it the share was at $325. At the time of purchase, I assumed that the share price would fall. But if it had gone the other way, the bill would have expired worthless at 350$.

I only used KO certificates for short-term trades of a few hours to a few days. The advantage of KO warrants in contrast to normal warrants is primarily that they have an unlimited term and no to minimal premium. This means that there is no time value for these warrants, but they always have an intrinsic value, namely the difference between the current price and the KO. However, the issuer recoups the costs by adjusting the KO price on a weekly basis over time. This is not much, and is not significant if you only hold this product for a short time.

The next thing to note is that the closer the current price is to the KO, the greater the risk and reward.

Now we come to the strategy that I use with KO. First of all, it is important for me that the share has a high volatility (fluctuation). This is the best way to achieve high profits in a short period of time.

Let me explain this using a practical example $UNH (+2,97%) which I recently traded twice. This share, which is actually one of the blue chips in the American healthcare sector, had already experienced an unprecedented decline when I started trading it. It had fallen from over 600$ to around 325$ within a few months. When it stood at $312 on the Wednesday before last, I took a look at the share and considered a long strategy. Either the 300$ mark would hold until the end of the week, in which case I would have gone long on Monday, or if it didn't hold, it would fall to 250$, was my assumption. When the rumors about the fraud allegations came out the next day, it fell to $250. That was the ideal entry point for me. I chose a long Ko schei with a KO of $244, very close to the current price, with an SL at around $247. The stock turned around in the next 2 days and almost went back up to $325. I held this ticket up to $315 and then sold it after 2 days with a profit of 310%. At that time, however, I already had my trade below in view. I assumed that the rebound of the stock would continue until the beginning of the last sell-off at 325$. After the stock failed on the first attempt exactly at this level, I entered short with the trade below. As I wasn't quite so sure this time whether it wouldn't go above the mark in the short term, I chose a further distance to the KO at 350$. But it went in the right direction for me again and I was able to realize a 50% profit after only 20 hours. My exit scenario was again the 300$. If the share had slipped below this level again on a sustained basis, I would have kept the ticket. Since it didn't, I stuck to my scenario and sold, even though I would have made about 15% more profit in the meantime.

I am not describing this approach in such detail because of the exceptionally high profits, but because it shows the most important rule for me, which I always follow when trading derivatives. If you want to trade successfully, you need a strategy, i.e. fixed entry and exit scenarios and, even more importantly, the discipline and consistency to stick to it, regardless of what others say at the time. Thoughts like it could go up again or I could make a lot more profit usually lead to a worse result. I also set myself fixed limits right from the start as to how much loss I'm prepared to suffer and I stick to them. It is usually between 20/25%. If a trade goes against me right from the start, which also happens, I sell the ticket at a loss. If I am 20% in profit, I raise the stop price to the purchase price. However, everyone has to decide for themselves when to secure profits. Normally, I never use more than 2% of my portfolio value per trade for KO trades.

I would like to emphasize this once again. These products are absolutely unsuitable for beginners and if you want to gain your first experience with derivatives, do not take KO certificates, but start with discounters or warrants that are well in the money. Be satisfied with a 2 or 3 times leverage and not 8 or 12 times like I often do. By the way, leverage means that if the share rises by 1%, for example, the warrant rises by 2.3% or, in my case, by 8 or 12%. The other way around, of course, is also true.

So I hope I have been able to give you a little insight again. Feel free to ask questions at any time. Otherwise I wish you a good trading day.