Hello, friends of joyful investing,
I’d like to share another milestone with you—one that came sooner than expected:
The portfolio has surpassed the 400k mark.
First off: This is just a snapshot. Markets aren’t a one-way street, and things can easily swing back in the other direction. Still, I’m happy about it and am consciously savoring the moment.
My strategy: Quality Growth with a strong moat
I continue to follow a quality growth approach. I look for companies with
• a strong, hard-to-attack moat (network effects, switching costs, technology leadership, market standards),
• high and stable margins that demonstrate the business model’s pricing power,
• high return on equity and the ability to profitably reinvest earnings,
• tailwinds from global megatrends such as AI, the cloud, cybersecurity, the digitization of payments, and healthcare.
My goal is actually quite simple: to invest in outstanding companies and then watch them grow as compounders over the years. Trade less, hold more.
Deliberately Concentrated
The concentration in the portfolio is intentionally high. I am convinced that companies like $NVDA (-1,52%), $GOOGL (-2,33%) , $MSFT (-1,82%) , $META (-3,46%) , $AMZN (-1,93%) , $AVGO (-4,04%) , $CRWD (-6,72%) , $ANET (-4,87%) and $ASML (-1,11%) will continue to benefit significantly from these megatrends in the future. This is complemented by high-quality companies with near-monopoly positions such as $V (+0,58%) , $MA (-0,13%) , $SPGI (+0,53%) , $MCO (-0,12%) and $CTAS (+0,14%) , which consistently deliver high margins.
Conclusion
Patience and conviction pay off when you invest in the right companies.
I’m sticking to my strategy and seeing how things play out.
What do you think: focus on quality, or is a broad diversification better? I look forward to hearing your thoughts!
