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M. M.
@MontyMaulwurf
1Anno·

That was my stock market year 2023.


Since I can call this year the first in which I was able to invest a large sum almost every month, my New Year's resolution is now to invest at least €1,000 every month. Thanks to a change of employer, I can now make this a reality.


I have now also looked beyond the German / European horizon and diversified my portfolio further this year. Non-equity stocks have also made it into my share portfolio. I would like to pick up on this again next year. Asian stocks are still missing here. Let's see what finds its way into my portfolio in 2024.


In addition, at least another €200 a month from my 'voluntary work' will flow into my portfolio. I would like to use this primarily to increase my position in cryptocurrencies $BTC (-1,1%) and $ETH (-0,53%) further expand.


My first share in 24 will actually be $SBUX (-0,15%) be. I had once said here on getquin that I would not invest. However, I changed my mind after I had a hot drink with my girlfriend in a Starbucks in Munich this year and used the time to observe who was actually getting an overpriced coffee here. I won't be getting any coffee here either, but I hope that others here will consume the black brew all the more.


On my hit list is $ORSTED (-4,56%) right at the top. After looking after a large solar project in the region this year, my view of renewable energies has changed a little, even if I think wind power will still do better than solar energy in Europe. I'll probably keep an eye on developments here until around April, but I might get out sooner.


Of course, the aim is still to achieve a return in order to make good provisions for the future. At the age of 25, I'm a bit proud to have saved a small sum. For most people, of course, this is a drop in the ocean, but we mustn't forget... Getquin is also a bubble somewhere (and I'm sure there are one or two fake portfolios here too).


As I now also enjoy the benefits of a company car with private use, I will sell my private car next year and reinvest the capital 'gained' from it in the stock market. This will add up to a nice little sum.


If you like, you can also take a look at my portfolio and give me some feedback. :)



I wish everyone a happy new year!

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Guarda il mio Cruscotto ora!
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22 Commenti
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Kai@fcsp
1Anno
The important thing is: you have started. ♥️
About the company car: if you don't buy a car that's too expensive, you'll always drive better. I pay €216 net for my Pampersbomber. You don't drive a Smart privately for that. I used to drive a 5 Series Touring because I still saw it as a status symbol - I made it. Look here. Money-burning machine.
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Sparfuchs@Reinecke
1Anno
@fcsp then the car costs €21,600, so you should treat yourself to a bit of luxury in a company car. That's almost the optional extra for me.
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Kai@fcsp
1Anno
@KleinviehmachtMist but you already know gross/net 😉
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Sparfuchs@Reinecke
1Anno
@fcsp the 1% rule applies to the vehicle list price, there is only net. Otherwise you do not have a company car but a company lease.
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Kai@fcsp
1Anno
@KleinviehmachtMist 1% on the list price and you pay tax on that. So if the vehicle costs approx. 41k (not 21k€), it costs me 216€ net.
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Sparfuchs@Reinecke
1Anno
@fcsp I see you don't have a company car.
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Kai@fcsp
1Anno
@KleinviehmachtMist What about you? Is it the New Year?

"What is the 1% rule?
According to the 1% rule - also known as the list price method - 1% of the gross list price of the company car is added to the monthly salary when calculating income tax. This so-called non-cash benefit increases the gross salary and the tax rate due to tax progression. As a result, more income tax is paid each month, which leads to a lower net salary."

My car has an LP of just over €40k. Taxing the 1% and the 0.03% mileage adds up to €216 for me. Because of the fuel card and no taxes, insurance or risk, that's almost a gift.

What makes you think that you pay 1% net? That's added to your gross salary and then taxed...
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Sparfuchs@Reinecke
1Anno
@fcsp If you have a company car, take a look at your payslip. Then you'll see exactly what I mean. Otherwise, please take your fairy tale lesson somewhere else.
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Kai@fcsp
1Anno
@KleinviehmachtMist You seem to be beyond help.
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Sparfuchs@Reinecke
1Anno
@fcsp I have checked my payslip.
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Kai@fcsp
1Anno
@KleinviehmachtMist I have now also checked: in advance. Stop accusing others of telling fairy tales.

At my old employer, it was included in the salary, but not added to the gross salary. It was only taxed afterwards. At my current employer, it is added to the gross salary and thus the total gross amount is taxed.

So there seem to be different possibilities.

I'm not in the mood for more discussion on this topic. Believe what you want...
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Epi@Epi
1Anno
You say you have changed your mind about solar energy. Can you tell us more about why and how? I would be interested.

Thank you and happy new year!
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M. M.@MontyMaulwurf
1Anno
@Epi With pleasure. It was built on an old, reclaimed open-cast mining area. In my opinion, such plants are perhaps still justifiable here, as land is used on which the agricultural produce was probably used for the biogas plant rather than for food production. (In some cases, the topsoil/humus layer here is not even 20 cm).

The aim was to achieve a total output of X on a total area of over 500 hectares.

The area used would not even replace half of a modern coal-fired power plant located nearby.

An area of around 1,300 hectares of land would be needed to replace the coal-fired power plant in the region, at least as far as electricity generation is concerned, and that's not even taking district heating into account. And that is a favorable calculation.

The solar modules from $JKS, which come from China, are also not of very high quality. The bonding on almost every module has weak points such as air pockets. The cold-heat cycle will reduce the service life here. From -20°C to +35°C (plus heat on the solar module, another 30°C) we also have some of the greatest temperature fluctuations in our latitudes, which always makes structural tasks more difficult anyway. So this is also a huge weak point for poorly processed solar modules.

A service life of more than 30 years was desired for this project so that profits could be generated in the end, but I am not the only one who considers this to be unrealistic due to the circumstances. In addition, there are other location factors and environmental influences such as weather (hail, ice, snow) as well as wild animals and birds as risk factors that can influence the performance and service life of the system. Summarized as briefly and concisely as possible without going into too much detail. 😄
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Vinc3🚀@BlockBard
1Anno
@MontyMaulwurf I also wanted to ask this question and thank you for the explanation. Interesting in view of the fact that I might want to work in the solar/wind sector again this year.
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Epi@Epi
1Anno
@MontyMaulwurf Interesting! Would you say that these are all feasible hurdles or are they all fundamentally against solar power in Germany?
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M. M.@MontyMaulwurf
1Anno
@Epi Based on the experience I have gained, I think the hurdles are too high.

Better processed modules cost more money, but do not offer more performance at the same time.
Of course, this also reduces the return on investment.

In addition, the construction and maintenance costs here in Germany / Central Europe are naturally much higher. A costly part is still the workforce, which cannot be replaced. There are already very sophisticated mounting systems that can be used to mount a large number of solar modules in a short space of time (and change them if necessary), so I don't see any great development progress in terms of saving costs here either.

What's more, companies from abroad are already being brought in for this purpose, as German companies are a few euros more expensive - the shortage of skilled workers and human resources is also a cost-intensive issue here. The minimum construction wage is also certainly a cost-driving factor in relation to Germany as a business location.

How worthwhile a system is in the end, I think can ultimately be summarized in 4 major factors

1. construction costs and maintenance
(Germany is a very cost-intensive location)

2. output of the solar modules
Currently, approx. 575 watts per module are suitable for such projects in terms of cost-benefit factor and size/dimensions. As far as I know, there are already modules up to 800 watts, but these have larger dimensions to achieve this output and are also more cost-intensive. Here you would have to consider the watts per area and adapt the mounting systems to the structural design.

3. service life of the solar modules
An increase in quality is equivalent to an increase in costs. In addition, solar modules lose power over time, which is why they become increasingly uneconomical at some point and then have to be replaced. After 20 years, the output should still be approx. 80-85% of the nominal output, and the modules should last at least 30 years. With the quality of workmanship and the Central European climate conditions due to temperature fluctuations, this is certainly a challenge. The power loss is much more significant in an industrial system than in a private PV system for a residential unit, as many more solar modules are connected together. As solar modules are connected in series per inverter, all solar modules feed in the same power.
Simply put, this means as an example: I have 130 solar modules per inverter. These should generate a nominal output of 600 watts. If even just 1 module generates only 580 watts, this 'throttles' the other 129 modules down to an output of 580 watts / module, so I have a real loss of nominal output.

4. weather

Nobody can influence anything here. If you have fewer hours of sunshine per year than you originally calculated, the system naturally generates less. Especially in the first few years, when the modules are still at full capacity, this can have a massive impact on the yield.
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John@Transporter
1Anno
I also currently drive a company car, but will return it at the end of the leasing period and not order a new one. Our company has made the use of company cars increasingly unattractive. First 30k per year with unlimited fuel, then fuel only for 30k (according to WLTP consumption). And last but not least, we can now only afford electric cars. For my mileage of 15k km per year, I drive better privately with a young used car.
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M.agir@Mixxed
1Anno
Where can I find your performance?
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M. M.@MontyMaulwurf
1Anno
@Mixxed my portfolio dashboard should be linked, shouldn't it? 😅
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