A US federal judge said he will decide by May 14 whether to stop the Trump administration from selling land in Arizona to Rio Tinto $RIO (-0,45%) and BHP $BHP (+0,31%) to build a large copper mine that is opposed by Native Americans.

The lengthy and complex legal battle is about the religious rights of the San Carlos Apache people in Arizona, the increasing demand for copper for the energy transition and the geopolitical significance of China's extensive control over the important minerals industry.

The dispute centers on the federally owned Oak Flat Campground, where many Apache worship their deities. The site sits on a reserve of more than 40 billion pounds (18.1 million tons) of copper, a key ingredient in electric vehicles and nearly all electronic devices.

Rio and BHP's Resolution Copper project, if built, would create a crater 3 kilometers wide and 304 meters deep that would slowly engulf this place of worship.

U.S. District Judge Steven Logan, who ruled in favor of the land transfer in 2021, held a nearly two-hour hearing Wednesday to consider a renewed request to temporarily block the land transfer while the U.S. Supreme Court deliberates.

Logan, who was appointed by former U.S. President Barack Obama, gave little indication of how he would rule in the week he announced, but asked pointed questions about what harm the Apaches might suffer if the transfer were to take place before the Supreme Court's decision.

He also asked for details on Rio's maintenance costs for the resolution's existing facilities, which one Rio executive estimated at $11 million per month.

Since 2021, the courts have denied a request by Apache Stronghold - a nonprofit group that includes Apaches - to block the land transfer needed for the mine. The rulings referred to a 2014 decision by the US Congress and then-President Obama.

President Donald Trump initiated the land transfer in his first term, a move that was reversed by his successor Joe Biden as the issue wound its way through the courts.

The US Supreme Court is now considering whether to take up the case. The Supreme Court has said at least 13 times that it will continue to consider the appeal - an unusually long time frame.

Meanwhile, Trump resumed the land transfer process last month, with his administration aiming to complete it by June 16.

The U.S. Department of Justice, which has opposed the Apaches' application under both Biden and Trump, argued that Logan should stand by his 2021 decision.

"There is no basis for this court to reach a different result here," said Erika Danielle Norman, an attorney for the Justice Department.

Apache Stronghold and its attorneys from the Becket Fund for Religious Liberty said they were encouraged by the hearing.

"All the Apaches are asking for is to put the land transfer on hold while the Supreme Court considers it," said Joseph Davis of Becket.

Rio Tinto thanked the court for its time and said the resolution is critical to securing America's energy future, infrastructure and national defense.

BHP, which owns 45% and Rio 55% of the project, did not immediately respond to a request for comment.

⬆️⬆️⬆️

- BERENBERG raises the price target for SIEMENS from EUR 215 to EUR 245. Buy. $SIE (-0,96%)

- BERNSTEIN raises the price target for SIEMENS ENERGY from EUR 15 to EUR 22. Underperform. $ENR (-0,15%)

- JPMORGAN PUTS SARTORIUS ON 'POSITIVE CATALYST WATCH' - 'OVERWEIGHT' $SRT (+0,92%)

- GOLDMAN raises the price target for FRAPORT from EUR 87 to EUR 90. Buy. $FRA (+0,26%)

- UBS raises the price target for NORDEA from EUR 145 to EUR 146. Buy. $NDA FI (+1,04%)

- BERNSTEIN raises the target price for SCHNEIDER ELECTRIC from EUR 275 to EUR 280. Outperform. $SU (-0,79%)

- UBS raises the target price for WPP from GBP 6.80 to GBP 7.20. Sell. $WPP (-0,35%)

- BERNSTEIN raises the price target for ALSTOM from EUR 17 to EUR 24. Market-Perform. $ALO (-1,64%)

- STIFEL upgrades HERMES from Hold to Buy and raises target price from EUR 2150 to EUR 2560. $RMS (+0,84%)

- INFINEON +4.2% - 'TOP PICK' OF THE UBS $IFX (-0,63%)

⬇️⬇️⬇️

- RBC downgrades UNILEVER from Sector-Perform to Underperform and lowers target price from GBP 48 to GBP 40. $ULVR (+1,3%)

- BERNSTEIN downgrades ABB from Market-Perform to Underperform and lowers price target from CHF 46 to CHF 45. $ABBN (-0,14%)

- BERNSTEIN downgrades SIGNIFY from Outperform to Market-Perform and lowers price target from EUR 30 to EUR 24. $LIGHT (+0,29%)

- DEUTSCHE BANK RESEARCH lowers the price target for UMICORE from EUR 10.50 to EUR 10. Hold. $UMICY (-0,5%)

- DEUTSCHE BANK RESEARCH lowers the price target for DOCMORRIS from CHF 45 to CHF 25. Hold. $DOCM (+7,95%)

- BERENBERG lowers the price target for HORNBACH HOLDING from EUR 100 to EUR 94. Buy. $HBH (+0,48%)

- CITIGROUP downgrades ROLLS-ROYCE from Buy to Neutral. $RR. (+0,51%)

- JEFFERIES lowers the target price for BHP GROUP from GBP 22.50 to GBP 21.50. Hold. $BHP (+0,31%)

- JEFFERIES lowers the price target for GLENCORE from GBP 5.50 to GBP 4.50. Buy. $GLEN (-1,5%)

- JEFFERIES lowers the target price for RIO TINTO from GBP 64 to GBP 60. Buy. $RIO (-0,45%)

- BERENBERG lowers the target price for NOVO NORDISK from DKK 975 to DKK 725. Hold. $NOVO B (-2,62%)

Rio Tinto and BHP join forces with BlueScope to build Australia's largest electric iron furnace $RIO (-0,45%)
$BHP (+0,31%)

Australian companies BHP and Rio Tinto will jointly develop a pilot plant to produce low-carbon iron from Pilbara ore to accelerate decarbonization in the steel industry, the companies said in a joint statement on Tuesday.

The plant will use renewable energy and direct reduced iron (DRI) technology in an electric smelting furnace (ESF) to produce molten iron with a potential annual production of 30,000 to 40,000 tons.

The plant is being developed in partnership with BlueScope Steel BSL.AX in the Western Australian industrial hub of Kwinana.

If successful, the technology could enable steelmakers using Australian iron ore to meet global demand to operate with near-zero greenhouse gas emissions, the companies said.

Steel production, a key material for infrastructure and net-zero energy transition, currently accounts for around 8% of global carbon emissions.

The 'Green Iron' pilot project between Rio, BHP and BlueScope Steel was announced in February to reduce emissions from steelmakers around the world that rely on Australian iron ore.

The project has now finalized the location and details, including projected production, after reviewing several sites in Australia.

Woodside Energy $WDS (+0,65%) will also participate as an equal shareholder and energy supplier in the collaboration, named 'NeoSmelt', pending final commercial agreements.

The project is expected to commence feasibility studies in the second quarter of 2025, followed by a final investment decision in 2026 and commencement of operations in 2028, the companies said.

In Part 1 I described my start as an investor from 2010 to 2016. Despite loss-making investments and bad decisions (buying AT&T instead of Amazon), I was able to achieve a portfolio value of €35,000. These experiences were to lay the first foundation stone for my future successful investment strategy (https://app.getquin.com/de/activity/PElWrODsmV)

In part 2 I talk about further setbacks in 2017 and 2018 and how the purchase of MasterCard shares marked the turning point in my investment career. Despite initial losses and professional dissatisfaction, I realized that my original strategy wasn't working and discovered the "dividend growth" for me. With a new professional position and a solid salary, I was finally able to really hit the ground running in 2019 (https://app.getquin.com/de/activity/LUkWiLtZKX)

In part 3 it will now be about the years 2019 to 2021 will be discussed. In these 3 years, my portfolio has increased fivefold. From €40,000, it went up to €199,000 in the meantime. But not everything was positive here either. During this time, I also made the two worst trades of my investment career. In addition to Wirecard, there were two other equity investments that resulted in losses of over 80%.

The year 2019 & the first share savings plans:

The year 2019 started with a portfolio balance of ~€40,000 and after my MasterCard purchase in December 2018, my major portfolio reorganization was to continue directly at the beginning of 2019. So in the first four months with Tencent $700 (-1,34%)
Intel $INTC (+0,37%)
Salesforce $CRM (-0,38%)
Alphabet $GOOG (+1,28%) and Meta $META (-0,65%) (then still Facebook), five more tech stocks were added to my portfolio. In return I have BHP Billiton $BHP (+0,31%)
Macy's $M (+1,39%)
and Hugo Boss $BOSS (-4,3%) sold.

Later in the year, the shares of Mercedes $MBG (-1,7%)
and AT&T $T (+1,31%) were also removed from the portfolio.

In addition to further acquisitions such as Pepsi $PEP (+0,31%)
Nextera Energy $NEE (-0,48%)
or Xylem $XYL (+1,32%) I also recognized the benefits of share savings plans in 2019 and started to set up a pure "savings plan custody account". At that time, this was still done via comdirect or Consorsbank and each savings plan execution cost a fee of 0.75%.

Another sale in 2019 was the Gamestop-share $GME (-0,68%) . Bought in 2016 to have something to do with gaming in the portfolio, but not taking into account that stationary sales are becoming less and less relevant. In the end, the share price fell by 85% - unfortunately, this was long before the memestock hype emerged.

My portfolio rose to ~€67,000 in 2019 and achieved a return of 23%. However, this was still well below the MSCI World and the S&P 500.

The year 2020 - Corona, Wirecard bankruptcy & 100k before 30 in the portfolio

2020 - a year that few of us will probably forget. While everything was still going reasonably smoothly in January and February 2020, chaos was set to break out from mid-February/March.

The first few weeks of 2020 had given rise to hopes of a very positive development in my portfolio. From the beginning of January to mid-February, my portfolio rose by almost €10,000 to €77,000.

Panic then slowly set in from mid-February. I still remember exactly how trading on the US stock markets was repeatedly suspended for short periods and daily losses of 10% were normal. At 0 o'clock sharp, I looked at the US futures and in seconds the futures went down by -5%. A cap for the futures, the futures loss must not be higher and you knew the next morning it would end badly for the DAX.

But when there is blood in the streets, you can make very good deals! So in March 2020 I bought the Allianz
$ALV (+0,6%) for €118. This gives me a personal dividend yield of almost 12% based on the current dividend of €13.80. Unfortunately, I only bought for €1,000 in total.

Also Starbucks
$SBUX (-1,76%) I was able to buy for less than €50.

The stock market crash continued until the Fed made short work of it and ended the crash single-handedly. The crash was ended with interest rate cuts and massive money printing and once again the saying "Never bet against the FED" proved to be true.

The stock markets then went through the roof and within a very short space of time were already back to a positive level compared to the end of 2019. Every share that somehow falls under the term "stay at home" was suddenly the hot tip on the stock market. Whether the Peloton $PTON (-0,18%)

or Teladoc $TDOC (+3,86%) everything went through the roof.

I let myself get carried away and did about 10 "Stay at Home" hype stocks into a growth savings plan portfolio. Of these, at the end of 2024 with Sea $SE (-1,7%) and MercadoLibre $MELI (+0,35%) only two shares remained. It goes without saying that most of them left the portfolio at a loss.

But 2020 was also the Wirecard year $WDI BaFin's ban on short selling, a year-long audit by EY, political backing and massive investments by German fund managers from DWS, UnionInvest and Deka vs. a journalist from the Financial Times.

Wirecard's claims that the journalist was in cahoots with short sellers and the backing from various institutions were unfortunately too credible for me.

When Wirecard faced the press and announced that EUR 2 billion could no longer be found, things went downhill and it became clear to everyone that the company was heading for insolvency. Before trading was suspended, I was able to sell my shares at a 50% loss and got off lightly.

Later in the year, I was able to conclude an extremely favorable leasing offer and sell my private car. The proceeds went straight into my securities account and I broke the €100,000 barrier in November 2020.

My portfolio then ended the year with a value of ~€120,000. At +5%, my performance was pretty much in line with the MSCI World.

The year 2021 - HYPE! Wall Street bets, crypto and almost 200k in the portfolio

The year 2021 was characterized above all by hypes. Cryptocurrencies, memestocks and memecoins were in the headlines everywhere. Gamestop, Dogecoin, SPACs and NFTs everyone had to have.

Traditional shares became almost boring.

One of the reasons was certainly the checks that the US government issued to its citizens. It was still Corona, many were locked down and suddenly people started gambling on the stock market.

The hype can be illustrated very well using the example of NFTs. In 2021, NFTs worth $17 billion were traded, in 2023 it was only 80 million - a decline of 97%. According to one study, ~95% of all NFTs are now completely worthless.

The madness in one example: Procter & Gamble launched a Charmin toilet paper NFT. This was sold for over $4,000. All proceeds were donated, but a symbol of the madness of 2021.

From a portfolio perspective, 2021 was great! In the end, there was a +32% return and a portfolio value of over €190,000, which at times in November 2021 was €199,000.

My top performers were NVIDIA
$NVDA (+0,4%) with over 100% price gains and Pfizer $PFE (+1,19%)
, which was driven by the vaccine hype and at €50 was twice as high as in 2024.

My worst performer was another 80% loss with TAL Education $TAL (+3,57%) . An education company from China. Unfortunately, this was the first time I was able to experience the political arbitrariness in countries like China. Overnight, it was decided that education/tutoring could only be run as a non-profit. Of course, this was almost a death sentence for the company and the share price plummeted by 80%.

Asset development & return:

After the years 2013 to 2018 were forgettable in terms of returns, the years 2019 to 2021 finally delivered:

Year
Deposit value
Yield

2019 67.000€ +19%

2020 121.000€ +5%

2021 193.000€ +34%

Vermögensentwicklung 2019-2021:

Vermögensentwicklung 2013-2021:

Outlook:

Looking back on the hype year 2021, it is almost obvious that 2022 had to be clearly negative.

After the party, however, came the hangover in the form of inflation and the war in Ukraine. Sharply rising interest rates and global economic concerns did the rest.

In the next part, I would therefore like to look at the years 2022 & 2023. I will then combine 2024 with my review of the year in the last part.

#strategy

#personalstrategy

#etfs

#dividends

⛏️ Titans of the deep: Rio, Glencore, BHP, Vale - who will dig up the biggest profits? 💎

Company presentation

Rio Tinto, BHP and Vale are among the three largest iron ore producers in the world, while Glencore plays a key role in global commodity trading as a leading commodity trader and producer.

- Rio Tinto: An Anglo-Australian mining group with dual headquarters in London and Melbourne.

- BHP: Australia's largest industrial group, headquartered in Melbourne.

- Glencore: A Swiss commodities trading and mining company headquartered in Baar.

- Vale: A Brazilian mining group specializing in iron ore.

Historical development

Rio Tinto was founded in 1873 and developed into a global mining giant through the development of deposits in Africa, Australia and Canada. The current structure as a dual company was created in 1995.

BHP goes back to Charles Rasp's silver discovery in Broken Hill in 1883. With the diversification into iron ore, coal and oil and the merger with Billiton in 2001, BHP created one of the world's largest commodity groups.

Glencore, founded in 1974 as Marc Rich + Co AG, grew to become one of the most important commodity traders in the world and went public in 2011.

Vale was founded in 1942 as a state-owned company and privatized in 1997. The company's focus has always been on iron ore production in Brazil.

Business model and core competencies

Rio Tinto focuses on the extraction of iron ore, copper, aluminum and other metals. Efficient production and the operation of large-scale mines are among the company's core competencies.

BHP is active in the iron ore, copper, coal and oil sectors and has a diversified product range and an extensive global presence.

Glencore combines commodity production and trading and controls the entire value chain, from extraction to distribution. This vertical integration is one of the company's greatest strengths.

Vale specializes in iron ore exports, complemented by activities in nickel and copper.

Future prospects and strategic initiatives

- Rio Tinto is increasingly investing in copper, lithium and aluminum, which play a key role in electromobility and renewable energies.

- BHP is focusing on "future-proof" raw materials such as copper and nickel, which are needed for batteries and green technologies.

- Glencore is positioning itself as an important supplier to the battery industry and is investing in cobalt and nickel.

- Vale is increasing its involvement in the nickel business in order to benefit from the growing demand in the electric automotive sector.

Market position and competition

- Rio Tinto, BHP and Vale together control around 70% of the world's seaborne iron ore trade.

- Glencore is a leader in global commodity trading and is one of the largest producers of copper and cobalt.

Competition in this industry is focused on cost efficiency, the development of new resources and positioning in the growing market for metals that are essential for the energy transition.

Total Addressable Market (TAM)

The total addressable market (TAM) of the global mining industry is estimated at over USD 1.5 trillion. This figure is expected to rise further in the coming years, particularly due to the increasing demand for critical raw materials such as battery metals, which are essential for the expansion of green technologies.

Share performance

Mining company share prices are strongly linked to commodity prices, leading to high volatility. Glencore's TR over 5 years is 120%, Rio Tinto's TR is 92%, BHP's TR is 101% and Vale's TR is 116%.

For the development (company figures), a better view and more, check out the free blog: https://topicswithhead.beehiiv.com/p/titanen-der-tiefe-rio-glencore-bhp-vale-wer-gr-bt-den-gr-ten-gewinn-aus

Conclusion

Vale, BHP and Rio Tinto are not significantly different. Although BHP has clearly outperformed in some cycles, it has always subsequently adjusted to the average. Vale could be unfavorable from a regulatory perspective, but the industry is facing challenges anyway, and it's not as if the others are any better, as the mines are not exactly in the cleanest regions.

Looking at the individual stock data, BHP does seem like the best candidate, but I would never bet on just one when it comes to mining companies. Therefore, I would consider a combination of BHP and Rio Tinto, and if you want, you can also include Vale.

Glencore is large and well positioned, but the figures are not really convincing. Even after countless announcements about certain strategies, I don't like the results. The growth is impressive, but when the results deteriorate like this - especially in terms of sales - it doesn't help much. For me, Glencore is more of a trading candidate, as every year you experience a brief decline, then recover and then fall again.

So if you want to position yourself in mining and thus include the anti-cyclicals in your portfolio, it is best to look at BHP and Rio Tinto. In view of China's most important customer, however, you should also be aware that 50% of sales here also come from one country, which no longer seems so abnormal these days.

For myself, I am going with Vale, Rio Tinto and a possible entry into BHP as far as the situation allows. Entry prices for me are 24 euros for BHP, 10 euros for Vale and 60 euros for Rio Tinto and then down in 10-15% jumps.

$RIO (-0,45%)
$ABHPG
$BHP (+0,31%)
$VALE3 (+0,28%)
$GLEN (-1,5%)

Who $RIO (-0,45%) missed it, here is another trade in the commodities sector:

$BHP (+0,31%) could get interesting at ~36.09 AUD.

Of course, the value can be pulled up by the strength of Rio and run away with it,

Nevertheless, the alarm is set.

Cheers from Vilnius🇱🇹

So, after my lukewarm stumble onto the stage of the community recently, now for real:

Hello everyone (friendly nods to all),

I've been a mostly silent reader for a while now, but I'd like to introduce myself - even if I don't know what I'm up to - in keeping with local custom:

I am 55 & a civil servant in the Federal Civil Service, which puts me in the fortunate position (I hope) of not having to rely on additional income from investments for a materially bearable retirement (in twelve years' time, I would just about reach retirement without deductions after 40 years in the civil service). Investment is therefore essentially a consumption alternative, a safety cushion and - later - intended for my sons (living with their mother, 17 & 13 years old; each with their own portfolios / savings plans). My investment horizon is therefore open ended (or determined biologically or by the legitimate major needs of the offspring).

My investment history - still perceptible in the portfolio presented here - begins in 1996/1997 with the first (and later unfortunately also the second) placement of the $DTE (+1,12%) T-share and the IPO of $PSM (+0,04%) ProSieben (which has since more than made up for its initial investment through dividends, good boy). At some point, he inherited the current e.on position from his grandparents $EOAN (-2,67%) e.on position and a position in $VOW3 (-0,96%) Volkswagen, which I sold several years later on the advice of my savings bank at the time (bygones).

Then nothing for a long time (studies/traineeship, career start - I was "investing in my current account" and couldn't even manage to process my business trip expenses on time, tststs).

With a wife and children came the need to make provisions (the little guys simply cost a tidy sum through the cycle), which I initially did through sporadic ad hoc investments:

In particular hubris, at the beginning of the subprime crisis I trusted the investment banks to have everything under control and bought shares in $DBK (-1,13%) Deutsche Bank (close to ATH), Bear Stearns and Merrill Lynch (the relics can be found as a minus at $BAC (+0,45%) Bank of America for Bear Stearns and - invisibly - a tax loss carryforward to offset the now quite respectable $JPM (-0,08%) J.P. Morgan position for Merrill Lynch), $DBK (-1,13%) with additional purchases slowly creeping back into a "perhaps at some point back to zero" zone.

Otherwise, a number of active funds ($n/a LU0557858130, $n/a LU1143163779, $n/a IE00BG7PHW03, $n/a (+0,46%) LU1496713741, $n/a (+0,02%) DE0008474750, $n/a GB0030932676, $n/a (-0,28%) LU1864952335 and predecessors), of which only $n/a (+0,27%) Pictet Water had actually performed noticeably positively on a time-weighted basis.

From around 2015, I then gradually started to populate the current portfolio with various equity and ETF savings plans at ING ($GOOG (+1,28%) Alphabet C, $AAPL (-0,21%) Apple, $KO (+0,9%) Coca-Cola, $NESN (-0,3%) Nestlé, $BAYN (+0,05%) Bayer (ouch!), $SIE (-0,96%) Siemens, $DIS (+1,05%) Walt Disney, $PFE (+1,19%) Pfizer, $PR1J (+0,49%), $FLXC (+0,29%), $FLXK (+0,19%), $EXS1 (+0,17%), $LCUK (+0,38%), $C060, $XMUS (+0,51%), $DBXW (+0,86%), mostly at 50 euros/month), supplemented by a few nicely timed individual purchases in $AAPL (-0,21%) , when it was still trading at around 80 euros before the 3:1 stock split, as well as $MT (+0,05%) AcelorMittal and $BHP (+0,31%) (mini position, but with a nice dividend yield since then).

With supply chain problems and inflation emerging at the end of corona/beginning of Ukraine, I then started to invest in another portfolio, the actually far too expensive $SPAG (+0,92%) iShares Agribusiness and $EXV6 (-0,9%) iShares STOXX Europe 600 Basic Resources as a hedge against the rising cost of living that had gone wrong (had bet on more pronounced sectoral greed-flation).

Since I have since followed the recommendations of $VWCE (+0,41%) resp. $ACWI (Glashaus!) in the meantime, the aggregated lump and the $AAPL (-0,21%) and $GOOG (+1,28%) was getting a bit scary, but I didn't want to touch the corresponding equity savings plans (more on this in a moment), I put my basic trust in the long-term out-performance of the US equity market into practice by investing in two "equal weight" index funds, namely with $WEBA (+0,42%) on the NASDAQ100 (also with a savings plan) and $XDEW (+0,87%) on the S&P500 (one-off investment only).

Some of this, especially the earlier investment history, is foreign to my Getquin portfolio history, as I only entered this after a portfolio reorganization in early 2023.

Over the years, my employer has steadily introduced stricter regulations for private financial transactions, which currently makes it practically impossible for me to invest in individual names or funds with certain predominant industry shares. However, in an exemplary manner under the rule of law, previously existing savings plans were protected in the respective iterations of the tightening, so that I jealously continue the remaining share savings plans (see above lump at $GOOG (+1,28%) and in particular $AAPL (-0,21%)).

I currently save monthly as follows (savings rate): Grandfathering: $GOOG (+1,28%) (100), $AAPL (-0,21%) (50), $DIS (+1,05%) (50), $PFE (+1,19%) (50), $KO (+0,9%) (50); "regular": $VWCE (+0,41%) (currently 520 with annual 4% dynamic), $SPAG (+0,92%) (100), $WEBA (+0,42%) (100), $EXV6 (-0,9%) (100), $10AJ (+0,67%) (100) and - before first-time execution - (100). $SDIP (+1,05%) (100).

In addition, I have reflected certain market assessments at the respective point in time through individual purchases in country ETFs (long-term catch-up potential of the emerging markets through $HMEF (-0,25%), $FLXC (+0,29%), $FLXK (+0,19%) - $FLXI (-0,01%) was now too expensive for me and the Indian economy was not sufficiently represented by companies listed there; the sleeping innovation giant Japan through $PR1J (+0,49%), "luxury always works" even in times of inflation through $DX2G (+0,62%)Europe - especially CH and UK - as a general counterweight to the US through $VEUR (+0,54%) and the sensible Nordics by $XNZN (+0,23%)), so that there is now a colorful bouquet of ETFs. However, I am not fundamentally dissatisfied with this, especially as far as these are distributing & savings plan-capable in my ING portfolio, so that their distributions (from 75 euros) are automatically reinvested ($VEUR (+0,54%) - is so large that this could work for each of the quarterly distributions, $DX2G (+0,62%), $PR1J (+0,49%)).

I think that as long as I am still subject to my employer's investment restrictions, I will only make marginal changes to this. For a "fire and forget" portfolio, however, I could imagine switching to a 70/20/10 portfolio in the medium term. $WEBG (+0,85%), $HMEF (-0,25%), $SDIP (+1,05%) (@ING: please $SDIP (+1,05%) savings plan, thank you!). Let's see what the end of PFOF brings on the cost side, especially for savings plans.

So, that's it; thanks for your patience and perseverance. You're welcome to give me tips, but as I said, my hands are largely tied (and I don't think much of the crypto tulip bulbs until they become an actual means of payment, not just for buying sinister services on the dark web)...

Here's to a successful investment community (&thanks for having me)!

An initial position established. It is predicted that demand for copper will exceed supply as a result of the energy transition.

Is anyone else here invested in mining companies - who have you chosen?

$BHP (+0,31%)
$ABHPG
$RIO (-0,45%)
$GLEN (-1,5%)
$FCX (-2,03%)
$AAUKF

Light at the end of the tunnel! After $AAL (-2,53%) has already performed well since the beginning of the year, today there was a further substantial boost following the confirmation of takeover interest by $BHP (+0,31%) the takeover interest.

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+0,92%) ) and Tilray Brands ($TLRY (+12,1%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (+1,14%) ) and Applied Digital ($APLD (+19,53%) ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+0,01%) ), Fastenal ($FAST (+1,11%) ) and CarMax ($KMX (-1,27%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (-0,08%) ), Wells Fargo ($WFC (+0,34%) ), BlackRock ($BLK ), Citigroup ($C (-0,3%) ), State Street ($STT (+0,3%) ) and Progressive ($PGR (+1,93%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (+0%) )🇸🇪, Beiersdorf AG ($BEI (+0,67%) )🇩🇪, Sika ($SIKA (+1,17%) )🇨🇭, Rio Tinto PLC ($RIO (-0,45%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (-1,69%) )🇬🇧, Petershill Partners ($PHLL (-1,12%) )🇬🇧, Just Eat Takeaway ($TKWY (+0,13%) )🇬🇧, Entain ($ENT (-0,95%) )🇬🇧, La Francaise ($FDJ (-0,06%) )🇫🇷, Legal & General ($LGEN (+1,56%) ), Tryg ($TRYG (+1,26%) )🇩🇰, BHP Group Ltd ($BHP (+0,31%) )🇬🇧, ASML Holding ($ASML (-1,43%) )🇳🇱Volvo B ($VOLV B (-1,57%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (+1,17%) )🇫🇷, Nokia Oyj ($NOKIA (-0,3%) )🇫🇮, Tele2 AB ($TEL2 B (+0,91%) )🇸🇪