Hello dear GQ community,

almost a month ago I already presented my portfolio and my investment case. (those interested can take another quick look at it)

I have now experienced the first correction of my investment career and can say that, yes, it hurts to look at the portfolio with all the red figures, but holding on to the fact that I am convinced of the companies in the long term has kept me strong up to this point. Only time will tell whether this correction was particularly strong or weak. True to the motto "red means supply", I have tried to use my uninvested budget for additional purchases and new positions.

I may have too many different positions for some people's taste and still have too large a stake in the US, tech and financial sectors. Overall, I am simply a fan of picking companies that fulfill three conditions:

- consistent dividend growth over the last 10 years

- long-term share price growth (depending on how long the company has been on the stock market, but if I don't have green figures over the maximum period, I leave you out)

- preferably a P/E ratio of less than 20 (with exceptions)

And generally in line with my case, a 3+% dividend.

In the unknown future, I will continue to hold my small positions of $PLTR (-1,3%) , $BLK (-7,32%) , $NVDA (-6,05%) and $TGT (-8,31%) (these were my first 4 purchases of 25€ each without any idea, Palantir compensates the losses of the other 3 quite nicely). From $AAPL (-6,25%) in the long term, but it does not yet play a major role in my immediate savings.

By the end of the year, I will be saving a further €750 a month via a savings plan, split evenly between $PETR3 (-4,59%) , $MUV2 (+0,75%) , $7203 (-5,55%) , $ENEL (+2,76%) , $HTGC (-4,91%) and $ALV (-0,37%). With the aim of balancing out the inequality somewhat.

In general, I am very happy to have discovered this platform, as I have gathered many useful tips and experiences, so thank you for that.

I am always grateful for your opinions, tips and suggestions. Thanks for reading.

In uncertain times, it is important to keep a watchlist so that you can pick up stable shares at bargain prices. I hope we go down a few more levels, another -20% would be nice, even if the short to medium-term price losses hurt.

I currently have almost 30 stocks on my watchlist, some of which are attractive in terms of price, while others are still far too high for me. I have not listed stocks that are already in my portfolio and that I would like to buy (in order of dividend amount):

Hercules Capital $HTGC (-4,91%) or Main Street Capital $MAIN (-4,32%)
Chevron $CVX (-6,89%)

Vinci SA $DG (-0,45%)
United Parcel Service $UPS (-9,45%)
3i Infrastructure $3IN (-1,08%)
Iron Mountain $IRM (-7,45%)
Micro Star International $MSS
Nextera Energy $NEE (+0,71%)
Partners Group $PGHN (-4,91%)
Itochu Shoji $8001 (-5,8%)
Canadian National Railway $CNR (-3,66%)
Svenska Cellulosa $SCA B (-1,39%)
VAT $VAT
Investor AB $IVSB
Assa Abloy $ASSA B (-4,83%)
Linde $LIN (-2,24%)
John Deere $DE (-4,84%)
Landstar Systems $LSTR (-4,58%)
Dover Corporation $DOV (-10,76%)
Alimentation Couche-Tard $ATD (+0,13%)
ASML $ASML (-7,33%)
Infineon Technologies $IFX (-7,23%)
Sherwin-Williams $SHW (-6,93%)
Tencent $700 (-1,49%)
Microsoft $MSFT (-2,62%)
S&P Global Inc. $SPGI (-6,41%) or Moody's Corp. $MCO (-6,96%)
Visa $V (-2,64%) or Mastercard $MA (-3,47%)
Ferrari $RACE (-2,98%)

Which stocks do you have on your watchlist?

#aktien
#watchlist
#crash
#stock
#market

The second month of 2025 is already over. Time is flying by again at breakneck speed and one event or statement follows the next this year. It's crazy what's going on at the moment and at the same time the market is somehow saying "I don't care".

Up down, up down, the markets are becoming more volatile and yet, or precisely because of this, my February was almost at +/-0.

But one thing at a time.

In February I achieved a plus of 0.8%. With my portfolio size, this corresponds to a value of almost €900. Not particularly good compared to the Dax (+3.77%), but still very respectable compared to the HSBC MSCI World (-2.49%).

Unfortunately, things do not look any better over the year (YTD).

The Dax is running away with 13.3%, while the MSCI World is bobbing along at 1.6%. Here, too, I was at least able to beat the World, but I still lag miles behind the DAX.

Overall, however, I am still very satisfied. As I don't have a lot of tech in my portfolio and my stocks are (mostly) rather stable, there is often no outperformance of the stocks and if there is, it is only marginal.

My high and low performers in February were (top 3):

$HSY (+0,24%) Hershey +15.63%

$T (-0,36%) AT&T +14.07%

$NESN (+2,09%) Nestle +13.10%

$ADM (-2,51%) Archer Daniels -8.57%

$UNH (+0,65%) United Health -13.16%

$TSLA (-3,59%) Tesla -27.59%

Dividends:

In February, I received a net €123.62 from a total of 10 distributions.

Compared to February 2024 (€99.26), this was an increase of 24.54%

Investments:

Due to the construction work on the house last year, the focus continues to be on building up the nest egg and saving up a "leisure account" again, as everything was really used up completely last year and only the custody account remained.

The savings plans will of course continue unabated, but individual investments are probably not possible for the time being.

Purchases and sales:

I have parted with Mercedes ( $MBG (-2,59%) ) and Medical Properties ( $MPW (-3,83%) ).

I then added to Lockheed Martin ( $LMT (+0,01%) ), Hershey ( $HSY (+0,24%) ) and Petroleo Brasileiro ( $PETR4 (-2,47%) ).

My savings plans remain unchanged, but it is quite possible that I will stop them for the time being in order to build up investment cash again.

Savings plans (350€ in total):

• Realty ($O (-1,43%) )
• STAG Industrial ($STAG (-7,16%) )
• Gladstone Invest ($GAIN (-4,13%) )
• Hercules Capital ($HTGC (-4,91%) )
• Cintas ($CTAS (-3,49%) )
• LVMH ($MC (-4,43%) )
• Monster Beverage ($MNST (+0%) )
• Microsoft ($MSFT (-2,62%) )

Goals 2025:

My goal is to have €130,000 in my portfolio at the end of the year. The goal is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.

This comes from selling useless stuff on eBay, additional income from e.g. "neighborhood help" etc. The worse the share price, the more additional cash has to be raised.

Target achievement at the end of February 2025: 37.41%

So I'm on the right track (so far). I'm curious to see what else will happen in 2025 and hope that the crash, which seems to be getting closer and closer, will take a little longer (so that I can continue to accumulate cash).

How was your February? Are you happy so far? I think that, due to the volatility, the portfolios in February are far more spread out than they were in January or even at the end of last year.

I like the ETF and it really seems to be an option for old age, but through $HTGC (-4,91%)
$OBDC (-3,33%) and $PSA (-1,83%) I already have enough cash flow in my portfolio.

Will be reallocated to the div growth category

$HTGC (-4,91%)

Record total investment income for the full year 2024 of USD 493.6 million, an increase of 7.1% compared to the previous year

Record net investment income "NII" for the full year 2024 of USD 325.8 million, an increase of 7.2% compared to the previous year

Record gross financing for the full year 2024 of USD 1.81 billion, an increase of 13.0% compared to the previous year

Q4 2024 NII of USD 81.1 million, or USD 0.49 per share, covers 123% of base cash distribution

Q4 2024 total gross debt and equity obligations of USD 619.5 million

Q4 2024 total gross financing of USD 468.5 million

Conservative balance sheet management with net GAAP leverage of 83.9% and net regulatory leverage of 69.9

Including the advisor funds managed by its wholly owned subsidiary Hercules Adviser LLC, Hercules had more than USD 1.1 billion in available liquidity at year-end.

Announced a new additional cash distribution for 2025 of USD 0.28 per share, payable over four quarters

Undistributed net income of USD 163.6 million or USD 0.96 (1) per outstanding share

Approximately USD 4.8 billion in assets under management, an increase of 14.2% compared to the previous year (2)

$ASML (-7,33%) is out, as I want to focus more on stocks with a healthy trend in the growth part of my portfolio. See the weekly chart.

At the moment I am running a 75/25 strategy with which I feel most comfortable, 15K divided as follows:

Growth 75%: $AVGO (-8,37%)
$COST (-0,44%)
$7011 (-5,22%)
$MUV2 (+0,75%)
$GOOG (-3,48%)
$MUX (-1,31%) (mutares is under observation by me) $2768 (-3,97%)

Dividend 25%: $OBDC (-3,33%)
$HTGC (-4,91%)
$PSA (-1,83%)
$JEGP (-2,51%)

Hercules has been going great, now I'm taking ⅓ of the position out for the time being in order to $OBDC (-3,33%) & $PSA (-1,83%) to the same size as $HTGC (-4,91%) build up.

The year 2024 is over in stock market terms and I would also like to review the year.

I started with a portfolio value of just over €53,000.

I knew that a reallocation of around €20,000 was still to come and had therefore set my sights on the target of €100,000.

This was very ambitious, as I naturally didn't know what the year would bring. After all, there were already enough economic and political uncertainties at the start of 2024.

As I only really started investing in 2021 and 2022 was therefore my first full year on the stock market, I made a lot of mistakes at the beginning, had fluctuations in my strategy (once one was in place) and of course also made a few losses.

That's why it was important for me to stay true to my strategy in 2024 and not throw everything overboard again. Because, as I always say, going back and forth empties your pockets.

Some of you may also remember my early days, when I had a lot of savings plans in place, but they weren't particularly high and were constantly being changed. At the beginning of 2024, my portfolio contained a total of 47 individual share positions and 3 ETFs.

My goals for 2024 were therefore

• Stay true to the strategy
• No new stocks in the portfolio, rather clear out
• 100,000€ portfolio value
• 2000€ net dividend
• Investment of €17,000 (without reallocation)

2024 went as follows for me:

January: +4.0%

February: +1.3%

March: +3.0%

April: -0.4%

May: +0.5%

June: +1.7%

July: +1.7%

August: +0.9%

September: +1.0%

October: -0.4%

November: +3.4%

December: -1.7%

TTWROR 2024: +15.8%

Dividend (already in the performance): € 1956.56

Invested: €24,900

Reallocation: €21,700

Thanks to a special payment from my old employer, to which I was still entitled, I was surprisingly able to invest around €5,000 more than I had originally thought.

Did I achieve my goals?

Not all of them.

With the dividends, I'm ~€43 below my target. That's a shame, but it motivates me to step on the gas even more and crack the €2400 net dividend in 2025. That would be €200 net per month, which corresponds to an increase of 22.66%. Again, very ambitious, but you should set yourself ambitious goals.

However, I was already able to break the €100,000 barrier in September. This was of course due to the strong market. I ended the year with just over €111,500. I have remained true to my strategy, but a few new stocks have slipped into the portfolio (and a few out).

The cheering contribution to the €100,000 was here:

https://app.getquin.com/de/activity/XGtdQzCdYF

New in the depot:

$NESN (+2,09%) Nestle

$CTAS (-3,49%) Cintas (savings plan)

$RACE (-2,98%) Ferrari

$D05 (-3,04%) DBS

$UNH (+0,65%) United Health

$V (-2,64%) visas

$CSNDX (-4,01%) Nasdaq 100 (savings plan)

$XEON (-0,01%) As an overnight money substitute for fixed planned money for loan repayment in 6 years or special repayment if the interest rate on the balance falls below the loan interest rate of 0.75%. Is topped up with special payments from the employer during this period.

Left my securities account:

$AAL (-6,48%) Anglo American PLC (+37%)

$IBM (-3,23%) (+26%)

$BAC (+0%) Bank of America (+45%)

$UKW (-2,3%) Greencoat UK Wind (0 to 0 due to dividends)

$SBUX (-10,63%) Starbucks (+10%)

$BIGG (-2,14%) Bigg Digital Group (-95%)

Unfortunately, I sold IBM and Bank of America too early, but I am still satisfied.

What else has happened?

• I bought Bitcoin from TR to estimate the costs. Conclusion: savings plan is always around 3-4% higher. Not worth it, if at all then individual purchases
• Weingut Dürnberg: First dividend received and prospects look reasonable. Depending on how the grape harvest turns out next year, a dividend will be paid again and investments can still be made.
• The conservatory and paving the courtyard are done. The house construction is more or less finished, everything else will take time and are small things, but now I have to start saving again as I only have a small nest egg and my deposit. All other funds have been used up as the costs were twice as high as originally planned.
• Podcast with @Koenigmidas is running rather slowly this year due to personal time constraints. You can find the latest episode here: Link zur Folge (also available on Amazon)

Outlook for 2025

So what are my plans for 2025 in terms of finances?

• Investment of €15,000
• Net dividend of €2,400
• One slightly greater focus on high dividend stocks (e.g. to increase $HTGC (-4,91%) to increase the cash flow a little faster)

What are your targets for 2025? Did you reach your 2024 targets and to what extent did you change your targets after reaching (or not reaching) your 2024 targets?

Feel free to let me know in the comments, as I always find it very exciting to see how ambitiously others set/change their goals.

I wish you a good start to 2025 and every success with all your plans and goals.

As with everything, of course, if you're not interested, feel free to keep scrolling and/or use the block function. 😊