Our puppy has been walking by our side for almost a whole moon cycle now - a little companion who brings light, chaos and new paths into our lives 🐾🌙.

As my B.Sc. in Economics draws to a close, the lines of my investment strategy are also beginning to shift...

as if the stars themselves had changed their constellation ✨🔭.

At Scalable Capital, I'm erecting a protective shield for upcoming vet costs - a silver wall to protect us from life's unpredictable storms 🛡️🌫️.

Pet health insurance isn't worth it yet, so my own reserve is growing there, guarded like a treasure in an old chest.

Plus two faithful companions:

$VHYL (-1,22%) , the global dividend earner 🌍💸,

and $O (-2,38%) , the moon priest of monthly distributions 🌕🕯️.

My goal: €5,000, anchored in the ground like a rune stone that won't break even in winter 🪨❄️.

My "nest egg deposit" rests at Trade Republic - a silent guardian that only wakes up in real crises ⚔️🌑.

There flow $VWRL (-1,44%) and again $O (-2,38%) reinforced by the 2% interest that seeps into the reserve like drops of pure mana 💧🔮.

And yes... the odd individual purchase has crept in there like a mischievous forest spirit at dawn 🧝‍♂️🌫️.

At my house bank, the $SPYY (-1,14%) as a core ETF - free of charge as long as I'm still under 31, like a gift from the old gods 🎁🌤️.

Soon to be joined by the $VHYL (-1,22%) which brings me global dividend streams, like a river that doesn't freeze even in the depths of winter 🌊❄️.

Some dividend stocks are to follow; the runes have not yet been interpreted.

But $DTE (-2,35%) calls out like a beacon in the fog with its tax-free dividend 📡🔥✨.

Despite possible criticism from the shadows, I have chosen two ESG funds from Union Investment for my godchildren.

Not every path is the same, and sometimes you follow the star that only shines for you ⭐🧭.

My long-term goal remains as clear as the North Star over a quiet winter's night:

That all these small but steadily growing savings plans will one day pay for themselves - through interest, dividends and the unstoppable force of time.

A cycle that feeds itself 🔄🌌.

A wheel that keeps turning 🛞✨.

A fortune that grows like an ancient world tree, deeply rooted and yet striving towards the sky 🌲🌠.

Your DividendWeiser

Having been a more or less silent reader here for a few years now, I would like to introduce myself, my investor history and my goals. I would also be pleased to receive portfolio feedback.

About me: 31, married for 6 years, Dinki (double income, no kids), savings rate currently approx. 1200€ (my wife invests a similar amount separately), live in a condominium with a garden that has not yet been paid off, hobbies: traveling and gardening.

If you don't want to read everything, I've divided the introduction into three chapters:

-My stock market history

-Portfolio allocation

-Targets/Plans

My stock market history

I started with the stock market in 2020 when I started my first real job. But I had no idea, no specific goals and was actually totally overwhelmed by the huge choice. As I come from a very humble background and had nothing to do with financial education, let alone wealth, it was hardly surprising. I just knew I had to do something about the nasty "pension gap". After all.

So of course I made all sorts of beginner's mistakes: trading back and forth, watching out for hypes, buying blindly, fomo, only looking at dividend yields, investing in 100 different shares with very small amounts, constantly changing my "strategy", buying the occasional unsuspecting co-note. It's amazing that I made 1-2% p.a. at all.

Then I sold all the stuff in the meantime to have money to finance our property and basically started again.

I realized that the previous approach was nonsense, as I had educated myself further in financial matters, not least because of and motivated by getquin. So I switched to a "concentrated" portfolio with a core ETF and 25 shares and a focus on dividends, a little gold and even less Bitcoin. But at the end of 2024, I also realized that managing this portfolio, if you want to do it properly (reading quarterly reports, constantly reanalyzing companies, etc.), is too time-consuming for these relatively small amounts.

So I decided to leave out the individual shares. At the same time, I read a lot and took the articles on strategy diversification and asset diversification to heart. It simply couldn't have been ACWI Buy and Hold. At that time he published @Epi published many articles on his 3xGTAA strategy, which was well explained and researched with a lot of effort and really tested something that I could also imagine for my portfolio. So the Wikifolio came at just the right time for me.

In this respect, I have divided my portfolio as follows since January 2025 (new start also in my Getquin portfolio):

Portfolio allocation

30% 3xGTAA

25% gold

25% Equities ETFs

20% Bitcoin

The rather large number of ETFs is due to the fact that I like to have ACWI 50/50 Eur-hedged and unhedged in order to be less exposed to currency fluctuations ( $SPP1 (-1,89%) and $SPYY (-1,14%) ). The $IWDA (-1,63%) still comes from 2021, into which my capital-forming benefits flow. $XNAS (-1,54%) is fed by the cashback from the Traderepublic credit card. It's kind of nice to see what happens to that little bit of cashback every month.

Overall, I think this portfolio is sufficiently diversified and concentrated in terms of strategies and asset classes. In addition, the return should be well above pure ACWI buy and hold and yet not have extreme drawdowns like this one. It is important to me to have various uncorrelated asset classes, but still have a strong overall return.

Bitcoin $BTC (+0,42%) does harbor risks for deep drawdowns, but also opportunities. I myself consider Bitcoin to be an extremely good store of value that will see further adaptation.

Gold $965515 (-3,56%) has a very high share due to its low correlation with other assets. This level will be maintained for at least another six years, as the final installment for our property of around €30,000 will then be due. If the stock markets/Bitcoin/3xGTAA are at a low at that time, the final payment can be covered by the sale of gold alone.

Goals/plans

Without goals, of course, everything is nothing. We would like to pay off our property in the short to medium term (approx. 6 years to go). The amount of the final installment should come from my portfolio. Depending on how the assets are doing, we will sell accordingly. Due to the rather high savings rate, I don't see any risk of not being able to raise 30,000 in 6 years, which is why I won't save this sum in cash. The risk of losing money seems higher to me if the money is not invested for this time. Special repayments are not an issue, as the interest rate is 0.8%.

Once the rather high monthly installments are gone and 1-2 promotions are added (the first one will be next year), the wealth accumulation will really take off. Low costs and high income will be an incredible lever.

In the medium to long term (10 years+), the portfolio will be used to be away from Germany for at least part of the year, preferably in winter. Depending on how things go in Germany, perhaps even longer or permanently. Ideally without having to rely on earned income. In any case, we have already chosen a country for this and have already traveled extensively. We haven't yet decided whether we want to buy one (or more) properties there, but there are many indications that we will.

Basically, there is no target amount that I am chasing, the aim is to accumulate as much wealth as possible over the next few years with a fixed strategy in order to become as independent as possible.

Thank you for all the great contributions over the last 5 years, many of them have helped me a lot, made me think and research and ultimately turned a clueless beginner into a slightly less clueless beginner. And if you like: please roast my portfolio :)

estimated reading time: 4 minutes

Twenty years ago, the new market crash wiped out my first stock market money and my ego. I swore off the stock market, but my pension certificate showed me that ducking out has an expiry date.

So the first attempts to start again followed. Here on Getquin, I have learned from positive critical voices from e.g. @DonkeyInvestor and @Epi that there is more to it than "just picking something". Since my last post 6 months ago, this was followed by extreme late-night brooding, Excel monsters, AI research, reading Kommer and countless "new agains".

I have tried to read up on modern optimization models such as Mean-Variance, Black-Litterman and Fama-French etc. and implement them in the best possible way.

The result was this portfolio!

As thoroughly tested as you can in a private garage, and coupled with the insight that we only have to leave the uncontrollable to chance.

And one thing first. I am convinced of this and will not change it.

I just want to share my thoughts and ideas about the direction with you. It's difficult to really explain every detail here, I'm sure I could do it better in a conversation, but that's not possible here. I can assure you that the selection and combination definitely makes sense - at least for me and the construct. Among other things, it was important to me to be able to control individual regions separately. I think I have achieved that.

Global (30%)

- SPDR MSCI All Country World, $SPYY (-1,14%)

- L&G Global Equity UCITS ETF, $LGGG (-1,65%)

- iShares Edge MSCI World Momentum, $IS3R (-2,32%)

- Xtrackers MSCI World Value, $XDEV (-2,19%)

- Invesco Global Active ESG Equity, $IQSA (-1,49%)

- VanEck World Equal Weight Screened, $TSWE (-1,99%)

- VanEck Morningstar Developed Markets Dividend Leaders, $TDIV (-1,36%)

USA (31.5%)

- L&G US Equity, $LGUG (-1,01%)

- iShares MSCI USA Mid-Cap Equal Weight, $IUSF (-1,78%)

- JPMorgan BetaBuilders US Small Cap Equity, $BBCS (-1,64%)

- SPDR MSCI USA Small Cap Value Weighted, $ZPRV (-2,09%)

Europe (17.5%)

- HSBC EURO STOXX 50, $H50A (-3,05%)

- L&G Europe ex-UK Quality Dividends Equal Weight, $LDEG (-2,7%)

- SPDR MSCI Europe Small Cap Value Weighted, $ZPRX (-2,79%)

Emerging markets (19%)

- iShares Edge MSCI Emerging Markets Value Factor, $5MVL (-3,99%)

- UBS LFS MSCI Emerging Markets ETF, $EMMUSA (-3,23%)

- L&G Emerging Markets Quality Dividends Equal Weight, $LDME (-2,12%)

- SPDR MSCI Emerging Markets Small Cap, $SPYX (-2,63%)

Japan (2%)

- L&G Japan Equity UCITS ETF, $LGJG (-3,33%)

Ø TER = 0.25%

In summary, this gives the following breakdown

Regional breakdown

- USA (North America) ~ 48%

- Asia ~ 22%

- Europe ~ 22%

- UK ~ 3.6%

- Japan ~ 4.4%

Market capitalization

- Large Cap ~ 52%

- Mid Cap ~ 26%

- Small Cap ~ 22%

The portfolio deliberately allocates its capital to the regions and - where possible - to all capitalization classes. The world building blocks provide the global beta; value, momentum and quality satellites add factor premiums. In the USA, a complete large/mid/small stack provides a pronounced size bias, while Europe receives a value bias via quality and small value ETFs. The emerging layer combines large-cap value stocks, quality leaders and a small-cap module - a diversification anchor beyond the developed markets.

Due to the almost equal weighting of the 18 positions, the Herfindahl index of ETF weights falls to ~633; indirectly, the portfolio contains several thousand individual stocks. The weighted TER is ≈ 0.25 % p. a., spreads below 0.1 %. This means that, compared to a $GERD (-1,23%) a favorable multifactor portfolio myself.

The factor tilts (value 42 %, size 35 %, quality/div ≈ 12 %, momentum ≈ 8 %) increase the expected volatility moderately to 18-20 % p.a.; however, historical data on small and value indices indicate 1-2 percentage points additional return over long horizons. Large caps remain present at around 52 %, mid caps at 26 % and small caps at 22 % support the size premium .

With my "multi-factor all-cap portfolio", I combine global market coverage with five proven premiums, without cost or concentration ballast. Of course, I will have to endure additional fluctuations, but I believe that I have created a robust source of returns over the long term.

I have tried to consider everything and leave nothing to chance, except the uncontrollable.

Anyone who has made it this far. Thanks for reading.

I'm looking forward to your feedback.

PS:

YES, I have Bitcoin😉 and also two themed ETFs. They just stay like that.

- ARK AI & Robotics ETF, $AAKI (-2,27%)

- HanETF Future of Defense ETF, $ASWC (-3,02%)

- ETC GROUP CORE BITCOIN, $BTC1 (-0,74%)

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no investment advice; DYOR

Thanks also to @VPT , @Mister_ultra , @Ph1l1pp , @ShrimpTheGimp , @MoneyISnotREAL , @Staatsmann and @Smudeo for commenting and providing approaches.

I am currently investing in the $SPYY (-1,14%) ETF and had now considered investing a portion each month in a distributing World ETF (and reinvesting directly) in order to make the best possible use of the tax-free allowance. As soon as this is exhausted, I would only invest in the accumulating ETF.

Which distributing World ETF can you recommend?

Good morning!

My wife wants to invest a partial amount (around 50k) for the long term after selling an apartment. She wants to keep it as simple as possible and doesn't want to deal with it for the next 30 years.

So I was thinking of a 1etf portfolio that is as broadly diversified as possible.

What do you think? $VWCE (-1,88%) and chill? $ISAC (-1,73%) ? $SPYY (-1,14%) ?

Should I add gold or something similar?

Thanks and lg

No sale, change of securities account

No sale securities account change