GitLab

Aftermarket after quarterly figures, 05.12.

$ASAN (-5,26%)
$RBRK +15.82%

$DOCU (-1,94%)
$ULTA (-1,47%)
$GTLB (-5,02%)
$LULU (-1,51%)

$VEEV (-0,9%)
$PATH (-4,38%)
$VSCO (-4,47%)
$HPE (-2,32%)
$IOT -6.58%

Earnings next week 🗓️

$ZS (-3,6%)

$CRM (-2,41%)

$OKTA (-1,66%)

$LULU (-1,51%)

$MRVL (-4,06%)

$CHWY (-4,38%)

$PATH (-4,38%)

$ULTA (-1,47%)

$S (-2,3%)

$FL (-2,24%)

$DOCU (-1,94%)

$DLTR (-1,36%)

$GTLB (-5,02%)

$HPE (-2,32%)

$IOT

$DG (+1,92%)

$CRDO

$PSTG (-2,99%)

$VEEV (-0,9%)

$AEO

$BOX (-3,12%)

$FIVE (-2,21%)

$TD (-0,23%)

$CURV

$BNS (-0,97%)

$SNPS (-3,7%)

$RY (-0,25%)

$CNM

$ASAN (-5,26%)

$WOOF (-8,34%)

$BBW (-3,68%)

$DCI

$CHPT (-3,95%)

$BASE (-1,72%)

$VSCO (-4,47%)

$CSIQ (-0,28%)

$THO (-1,13%)

$GWRE (-2,53%)

$SIG (-2,1%)

$CBRL (-1,97%)

$COO

$CPB (+3,22%)

$BMO (-0,06%)

$DSGT

$DOO (-2,25%)

$CAL

$SMAR

$REX (-0,76%)

$PVH (+0,47%)

$PEAK (+0,27%)

Earnings next week 🗓️

$ZS (-3,6%)

$GTLB (-5,02%)

$ASAN (-5,26%)

$DKS (-2,57%)

$AI (-4,71%)

$HPE (-2,32%)

$NIO

$AVGO (-3,16%)

$PATH (-4,38%)

$IOT

$DOCU (-1,94%)

$BRZE (-2,66%)

Satisfied with the use of AI?

Have a wonderful Monday morning!

I just read an exciting survey from Bain & Company that shows that companies around the world are investing heavily in artificial intelligence (AI). Bain has identified four main themes that emerge from their survey:

Widespread adoption of Generative AI87% of the companies surveyed are developing, testing or already using generative AI. These technologies are mainly used in areas such as software development, customer service, marketing and sales.

High investmentsSmaller companies invest around USD 5 million per year in generative AI, while larger companies spend up to USD 50 million per year. These investments show the high confidence in the potential benefits of AI.

Expectations are being exceededMore than 80% of companies report that generative AI has met or exceeded their expectations. This underlines the immediate added value that AI can create in various business areas. - But not everyone is happy! (see picture)

Future priority60% of the companies surveyed see generative AI as a top 3 priority for the next two years. This indicates that the trend towards AI integration in companies will continue.

What do you think of these developments in the AI sector? Do you think that investments in AI will pay off in the long term?

I am convinced that investments in AI will pay off in the long term. The widespread use and significant investments show that the benefits are real. Of course there are risks, but the opportunities seem to outweigh the risks. I find the developments in software development and customer service particularly exciting, as immediate added value is created here. UGs (regardless of size) need to adapt to avoid being left behind.

I look forward to your opinions and an exciting discussion!

Source:

AI Survey: Four Themes Emerging | Bain & Company

Interesting stocks on the topic (don't hold any of the stocks mentioned):

$WIX (-2,38%)
$GTLB (-5,02%)
$GDDY (-1,48%)
$APP (-6,81%)
$ZENV

What we can expect next week:

Monday, June 3:

• S&P Flash U.S. Manufacturing PMI (May)
• Construction Spending (April)
• ISM Manufacturing (May)
• Quarterly reports from GitLab ($GTLB (-5,02%) ) and Science Applications International Corp. ($SAIC (-4,35%) )

Tuesday, June 4:

• Factory orders (April)
• Job offers (April)
• Quarterly reports from CrowdStrike Holdings ($CRWD (-6,19%) ), Hewlett Packard Enterprise ($HPE (-2,32%) ) and Bath & Body Works ($BBWI (-4,2%) )

Wednesday, June 5:

• S&P Flash U.S. Services PMI (May)
• ADP Private Sector Employment (May)
• ISM Services (May)
• Trade deficit USA (April)
• Quarterly reports from Lululemon Athletica ($LULU (-1,51%) ), Dollar Tree ($DLTR (-1,36%) ), Campbell Soup ($CPB (+3,22%) ) and Five Below ($FIVE (-2,21%) )

Thursday, June 6:

• Initial claims for unemployment benefit (week ending June 1)
• Quarterly reports from Samsara ($IOT ), Docusign ($DOCU (-1,94%) ), Nio ($NIO (+2,04%) ), J.M. Smucker ($SJM (+3,05%) ) and Vail Resorts ($MTN (+0,33%) )

Friday, June 7:

• Labor Market Report USA (May)
• Consumer Credit (May)
• Wholesale inventories (April)

The upcoming week summarized:

Monday

• Publication of the quarterly reports of GitLab ($GTLB (-5,02%) )
• Speech by Philadelphia Fed President Tom Harker

Tuesday

• Release of factory orders (January) and the ISM Services PMI (February)
• Super Tuesday pre-elections in 16 states
• Quarterly reports from CrowdStrike ($CRWD (-6,19%) ), Target Corp ($TGT (-2,56%) ), Ross Stores ($ROST (-1,53%) ) and Nordstrom ($JWN (+0,35%) )

Wednesday

• Release of the ADP Employment Report (February)
• Statements from Fed Chair Jerome Powell before the House of Representatives
• Publication of wholesale inventories (January), job vacancies (January) and the Federal Reserve Beige Book
• Speeches from San Francisco Fed President Mary C. Daly and Minneapolis Fed President Neel Kashkari
• Quarterly reports from Campbell Soup ($CPB (+3,22%) ) and Abercrombie & Fitch ($ANF (-2,44%) )

Thursday

• Statements by Fed Chair Jerome Powell before the Senate
• State of the Union Speech
• Publication of initial applications for unemployment benefits (March 2), productivity (revisions to the fourth quarter) and the trade balance
• Speech by Cleveland Fed President Loretta Mester
• Quarterly reports from Broadcom ($AVGO (-3,16%) ), Costco Wholesale Corp ($COST (+0,22%) ), Kroger Company ($KR (+1,52%) ), Marvell Technology ($MRVL (-4,06%) ) and Victoria's Secret ($VSCO (-4,47%) )

Friday

• Release of the USlabor market report (February)
• Speech by New York Fed President John C. Williams

Bye Bye Individual Shares

And a little Bye Bye getquin

Recently I sold my last single share $ETSY (-0,39%) . So my portfolio consists of only 3 ETF and a bit of crypto with a clear focus on $BTC (-0,46%) . But why did I take this step? And why also a little bye bye getquin?

Individual shares do not let me sleep peacefully

The first investment where this became clear to me was $K (+0,83%) . Bought on a whim, didn't really analyze it well, and therefore kept looking at the portfolio. And by constantly, I mean constantly. Even more often than usual. After 56 days I pulled the ripcord and fortunately sold with a profit of 9%. With other investments this was not quite as bad, especially if I had thought about the investment beforehand. Nevertheless, I look at the portfolio much less often overall since I no longer hold shares in individual companies. My confidence in the global economy is huge, but my confidence in individual companies is rather low.

My investments in individual stocks are too small to significantly boost my performance.

I can beat the market with smart selection of individual stocks. However, I simply lack the 🥚🥚 to invest significant sums in individual companies. I felt comfortable with 1k investment per share. Of course, if the total size of the portfolio is only 10, 20k, that's a significant amount. But as my portfolio got bigger and bigger, I continued to feel comfortable with only 1k per share. But the impact on the total portfolio of those 1k shares at the same time became smaller and smaller. Even a tenbagger, if you are lucky enough to catch one, doesn't really boost the performance of a 1k investment if the portfolio is 100, 200 or 500k.

Shares are not an investment for eternity

In general, my portfolio is buy & hold. I want to hold my positions until I am old and only then sell them or stop reinvesting dividends. Too late I understood that every company can go bankrupt in 30-50 years or at least disappear into insignificance. Even if I buy a stock out of conviction, I have to stay up to date and, in case of doubt, sell at the right time. That costs time that I wouldn't have to invest in an ETF portfolio. If the global economy goes down the drain, we'll have completely different problems.

Beating the market is costly and often unsuccessful.

The alternative to Buy & Hold is to select promising companies and hold them for a certain period of time. I pursued this "strategy" towards the end with $ETSY (-0,39%) , $GTLB (-5,02%) and $YOU (+0,15%) as a supplement to my ETF. However, I quickly realized that this eats up a lot more time (identifying the right company in the right environment with the right buying and selling times and dealing with the company + market environment much more frequently and intensively) and it is still anything but easy to beat the market with it. In addition, I lacked the 🥚🥚 to invest a significant amount.

Even a proprietary ETF made up of individual shares along the lines of @Simpson
is costly

At $VWRL (-0,91%) rebalancing is done automatically. I do not have to take care of anything. If I were to build my own ETF from individual shares, I would still have to deal with my portfolio frequently to exchange values if necessary. I prefer to pay the TER so that an index + provider does this automatically for me.

Crypto > Shares

Of course, the question remains why I part with my stocks but not my crypto. I have been involved with crypto since 2011 and thus much longer than with stocks. I understand crypto much better than stocks and also find it easier to stay on the ball there. Crises, macroeconomic changes, CEO changes, bad quarterly figures and all the other things that can have a lasting impact on the price of a stock do not interest my crypto strategy. Moreover, I take a much higher risk with crypto than with stocks, but at the same time I have gigantic return opportunities. 1k investments can definitely turn into a life-changing sum.

Bye Bye getquin

The community made a significant contribution to me finding my strategy and goal. For a long period of time I really read every (!) post on getquin and at the same time wrote down my thoughts and insights in my own posts (sorry, my posts were not for you, but primarily for me - just like donkeys are). I found my strategy and my goal. I was able to multiply my financial education. Of course, it is not impossible that I will change my strategy in the future and I am certainly not omniscient. But I currently feel so comfortable with my knowledge and strategy that there are only a few posts on getquin that catch my interest. Accordingly, I also read posts much less frequently than I did a few months ago. In addition, there are only a few topics that interest me so much and that have not yet been discussed that I would like to write a post about them.

Nevertheless I will of course stay with getquin. I will continue to annoy you with my comments and I still have 1 or 2 posts up my sleeve that I definitely want to publish. But you will certainly read less from me in the near future.

Sooooooo much free time

Less involved with finances, less often looking at the depot, spending less time on getquin, ... what am I doing with all my free time? Well, there are 2 major changes coming this year in my life, which certainly also contributed to the fact that I want to deal less with finances and everything around it.

First, I'm going to start a new job, which will of course eat up a lot of time, especially in the first few months, which I'll have to save elsewhere. But because of the higher salary, I can then more comfortably afford not to beat the market and just stubbornly invest in ETF 😁. And on the other hand, if all goes well, I'll be a dad for the 1st time this year 😍.

So there are many reasons for me to set my priorities differently in a few months - and I will. Of course, I still hope that I can stay in the community with my new job and as DonkeyDad, even if not as active as before. In this course I will also stop my participation in our podcast. You will find out when exactly that will be. For now, a few interviews are planned. I will definitely continue to track my portfolio here, you have really done a great job in the last few months, @getquin !

In this sense, thank you once again to the community here, from which I was allowed to learn so much. You are the best 😍

Sale of my last share

$ETSY (-0,39%) was my second share ever, holding period of 1232 days and selling with +166%. Reallocation to my ETF. The last days already had to $GTLB (-5,02%) and $YOU (+0,15%) give way. In particular $YOU (+0,15%) with a significant loss, but you should not be afraid to sell at a loss if it no longer fits - some ass had once written a post on this 😁.

Now my portfolio = ❤️. Why? Coming sometime soon as a separate post. It cannot be ruled out that in the distant future I will also switch my two sector ETFs to the $VWRL (-0,91%) and follow my example 🥰. @FrauManu follow my example 🥰. This is not currently planned, but the head is after all round, so that the direction can change when thinking.

@Minusgeschaeft What's your situation?

Also, the new podcast episode with @InvestmentPapa
@Koenigmidas and me is online. Listen in 🚀🥕

https://podcasters.spotify.com/pod/show/eselundkoenig/episodes/Teil-7-Ein-vterlicher-Rat-e21c3ac