My goal is to beat the market, I'm still relatively young and want to see if I can do it, if not I'll put everything in an etf in 5 years.

Regarding my portfolio, I currently have a cash ratio of 23-25% depending on the fluctuations in the last month.

Purchases of existing stocks:

I plan to increase the financial stocks by 50%, $CG (-6,35%)
$KKR (-8,88%)
$APO (-11,14%)
$TPG (-2,87%) .

In addition, a little $DMP (-1,73%) by 25%.

Sales:

I made the mistake of wanting to $EVO (-3,87%) and $CPRX (-3,53%) trade, but then I was too greedy.

I am convinced of both positions in the long term but not in this size in the portfolio, which is why I will reduce both stocks by 33%.

Potential purchases:

$HALO (-4,49%)
$CUV (-6,63%) - Will invest a little extra, otherwise just the 33% from sale of $CPRX. Both around 50 - 50

$SL (-3,92%) - the same as $TISG (-3,89%)

$KSPI (-7,6%) - about as high as $MUM (-2,51%)

$FIH.U (-4,98%) - about as high as $MUM (-2,51%)

$2GB (-6,57%) - about as high as $MUM (-2,51%)

$M12 (-8,96%) - about as high as $MUM (-2,51%)

$CPR (-3,53%)
$DGE (-1,41%)
$RI (-3,46%) - I'll wait and see, but I can imagine that they will develop in a similar way to the tobacco shares. Since I don't want to decide, I'll just buy three for the sum of one. And divide the amount between these 3.

In general:

I'm generally a fan of putting together baskets like with alcohol or the yacht builders.

What would you change because you see a high risk? I am relatively poorly positioned in the tech sector, do you have any other titles that I could take a closer look at in this area?

Hello, and welcome to my first post! I decided to buy Pernod and now hope for a reasonable bottoming out and of course a nice return :).

My question to you: is there currently a stock you want to buy or what have you bought? #aktien
#kaufentscheidung

On Friday I decided to buy the Pernod Ricard $RI (-3,46%) on Friday. I think I made a good anti-cyclical purchase. At the same time, it was only the first tranche, which can still be increased.

A dividend of over 4% tastes good, and a rise in the share price can provide a yield booster.

What do you think of my latest purchase?

During my first year of investing, I bought a lot of shares that I didn't really understand what they were doing. In the course of my restructuring, I would like to reduce my number of shares from almost 30 to 15 in the long term. However, I want to do this over a longer period of time, as these are not bad companies.

Shares that I want to sell

Apple $AAPL (-6,8%)
Medpace $MEDP (-7%)
ResMed $RMD (-3,06%)
Shimano $7309 (+3,04%)
LVMH $MC (-4,14%)
Genmab $GMAB (-3,73%)
Pernod Ricard $RI (-3,46%)
Pilbara Minerals $PLS (-10,38%)
Sixt $SIX2 (-6,59%)
McDonald's $MCD (-4,77%)
Domino's Pizza $DPZ (-4,39%)
Crowdstrike $CRWD (-5,76%)
Salesforce $CRM (-5,08%)
Nvidia $NVDA (-7,25%)

Just to clarify, I am not selling these companies because they are bad companies, but because they no longer fit into my investment strategy. I will only invest in companies that are not included in the classic world ETFs, but which I nevertheless understand well.

My question would be what you generally think of this and in which order you would sell the companies listed (as they are listed, this is my preferred order)

The French stock market offers a large number of interesting stocks that are also very popular with investors.

Popular?

Well, yes,

Who wouldn't like LVMH, Sanofi, Air Liquid, Airbus, Safran, L'Oreal,

Essilor-Luxottica, Hermes, Danone, Pernod-Ricard and perhaps even more in your portfolio.

in the portfolio.

However, there are some hurdles and risks here.

On the one hand, we have to deal with the selection of stocks and the valuation and try to buy the stocks that we believe will rise in value at a favorable time.

Secondly, buying French shares is subject to French financial transaction tax (FTT) and 30% withholding tax on dividend distributions.

My optimization suggestion:

Instead of dealing with a large number of French shares and ending up doing everything wrong, I choose an ETF.

This has the following advantages, among others:

1 The individual share risk is spread.

2 Tax advantage for withholding tax, thanks to the double taxation agreement (see below)

3 Automatic rebalancing - the worst stocks are removed at regular intervals and new promising stocks are added to the ETF.

4 Low trading fees

Biggest disadvantage:

1 Most likely you will only achieve the average market return.

I have therefore opted for the Xtrackers CAC 40 LU0322250985 and will no longer buy French equities. Alternatively, the accumulating iShares MSCI France IE00BP3QZJ36 would also have been a good choice in my opinion.

Both ETFs offer a tax advantage, although you cannot avoid FTT. However, both Luxembourg and Ireland have a double taxation agreement with France. This means that the withholding tax on French dividends is reduced to 15%. Of course, this tax advantage applies not only to distributing ETFs, but also to accumulating ETFs.

I consider the already low TER of 0.2x% to be completely negligible, as both ETFs have had a positive TD for years.

In view of the weak performance of the current year, we could now be in a phase in which it could pay off to collect shares "cheaply" in order to benefit later from a higher personal dividend yield.

Conclusion:

I am selling LVMH and betting on the Xtrackers CAC 40 ETF to cover my entire exposure to France.

-----------------------------------------------------------------------------------------------------------

$MC (-4,14%)
$AIR (-8,31%)
$AI (-0,98%)
$OR (-1,22%)
$RMS (-4,6%)
$EL (-4,31%)
$RI (-3,46%)
$DX2G (-4,8%)
$IS3U (-4,91%)

Expanded position in alcoholic beverages.

French spirits producers saw their share prices fall on Tuesday morning after China announced provisional anti-dumping measures against spirits imports from the European Union.

The shares of Pernod Ricard $RI (-3,46%) fell by

2.7 %, while Remy Cointreau $RCO (-3,54%) lost 8 %.

The share price of LVMH $MC (-4,14%) the producer of Hennessy cognac, fell by 4.3%. This was part of a wider decline in luxury stocks, with traders citing the lack of fresh impetus from China as the reason.

LVMH generates around 30% of its total sales in China, which is one of the most important emerging markets. In the luxury segment, Chinese demand is therefore crucial for the company's growth. The spirits division, which includes brands such as Hennessy-Cognac, accounts for around 10% of LVMH's total sales, with the Asian market, particularly China, accounting for a significant proportion of these sales.

https://de.marketscreener.com/kurs/aktie/LVMH-4669/news/Aktien-franzosischer-Spirituosenhersteller-fallen-wegen-Chinas-Antidumpingma-nahmen-48021035/

$RI (-3,46%) Does anyone know why Pernod has a relatively high upside at the moment?

I can't find any news that sounds particularly positive.

From my point of view, the dip is a great entry price and the stock fits well into my portfolio with a dividend yield of almost 4%. My basket is full Now it's time to toast with Absolut Vodka and boost demand a little 🥳 - Cheers 🍸

I think $RI (-3,46%) is in an exciting zone... do any of you have it in your portfolio and do you think it's worth buying in the long term?