In my opinion, you can diversify at these levels:

Local (by headquarters, by turnover)

By currency

By industry

By company size (influences volatility)

I try to have as little overlap as possible in several areas in order to keep my portfolio robust.

Example:

$DRO (-21,18%) and $PARRO (+2,23%) : Similar industry, so both are driven by the same news, but have different locations and currencies.

$CACI (-1,32%) Also has some correlation with the two, but is mainly dependent on the movements of the US military.

$8001 (-1,57%) As a boring anchor

$SL (-2,04%) As a "real" luxury play to profit from rising inequality and to have more euro/Italy in the portfolio.

$GRE (+1,28%) Because I see great potential in Greece, see old post

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 (+0,37%)
$KKR (-0,01%)
$APO (-0,43%)
$TPG (-0,2%) .

In addition, a little $DMP (-1,47%) by 25%.

Sales:

I made the mistake of wanting to $EVO (-1,18%) and $CPRX (-0,16%) 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 (-0,1%)
$CUV (-0,08%) - Will invest a little extra, otherwise just the 33% from sale of $CPRX. Both around 50 - 50

$SL (-2,04%) - the same as $TISG (+0,65%)

$KSPI (+0,31%) - about as high as $MUM (-1,49%)

$FIH.U (+1,74%) - about as high as $MUM (-1,49%)

$2GB (-0,35%) - about as high as $MUM (-1,49%)

$M12 (+0,2%) - about as high as $MUM (-1,49%)

$CPR (-1,75%)
$DGE (-1,89%)
$RI (-2,34%) - 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?

As announced, here's a little update on January today, nothing long, don't want to bore you

Yield

Yield: 6.82% (FTSE All World: 4.23%)

TTWROR: 7.29%

Thus slightly outperformed, hopefully I can extend this lead further

transactions

Sales:

• Shimano $7309 (+0,06%)
• 
  Medpace $MEDP (-0,35%)
• 
  Apple $AAPL (-0,23%)
• 
  Domino's Pizza $DPZ (-0,63%)
• 
  McDonald's $MCD (-0,41%)

Purchases

• Norbit $NORBT (-3,96%) (subsequent purchase)
• Frosta $NLM (+0,62%) (initial purchase)
• RCS Mediagroup $RCS (-0,4%) (initial purchase)
• Uber Technologies $UBER (-0,06%) (initial purchase)
• Sanlorenzo $SL (-2,04%) (initial purchase)
• Charles River Labs $CRL (-0,35%) (subsequent purchase)
• Simply Better Brands $SBBC (-1,19%) (initial purchase)

Looks like a lot of back and forth for now, but with this my portfolio conversion continues and will soon be completed

Hello GQ community,

Bruno Kreidler made me aware of this share. $SL (-2,04%) share through Bruno Kreidler.

What is your opinion?