Liberation Day on April 2, 2025 was just two months ago, but it feels more like two years ago on the stock markets.

The markets have become accustomed to Trump's mood swings and the old adage is proving true once again: political stock markets have short legs

Monthly view:

My portfolio saw a massive rise in May and May 2025 is the second best month in the last 5 years with +8.1%. Only November 2021 was marginally better at +8.5%.

This corresponds to price gains of ~20.000€.

The MSCI World (benchmark) was +3.6% and the S&P 500 +6.1%.

Winners & losers:

A look at the winners and losers shows a completely different picture in May than in the last 2 months - Suddenly everything is green again.

On the winners is mainly made up of the stocks that have fallen in recent months: US tech

In 1st place is NVIDIA $NVDA (-0,01%) with price gains of almost €5,000. This is followed in 2nd & 3rd place by Microsoft $MSFT (+0,21%)
and Meta $META (+1,07%) with price gains of just under €2,000 each. 4th place goes to Ethereum
$ETH (+0,27%) with ~€1,400 price gains, finally making up some ground on Bitcoin $BTC (-0,67%) . In 5th place is another tech stock with TSMC $TSM (-0,97%) and +1,300€.

On the losers' side looked very relaxed in May. The biggest loser was Apple $AAPL (-0,94%) with just under €300 in share price losses. In 4th place was Allianz $ALV (+0%) with -120€, although this also corresponds to the dividend discount after the payout. So it's really significant when the dividend discount leads to a share ending up on the flop list of the month.

The performance-neutral movements in April were ~€500 - these are still lower at the moment due to the house building issue.

current year:

In the YTD my portfolio was still at -12,4% clearly in the red. Thanks to the strong May, it is now only -4.3%, although the MSCI World is still slightly better off at -3.3%.

In total, my portfolio currently stands at ~273.000€. This corresponds to an absolute decline of ~€12,000 in the current year 2025. -14.000€ of this comes from exchange rate losses, slightly offset by ~1.700€ from dividends / interest and ~3.200€ from additional investments.

Dividend:

• Dividends in May were +22% above the previous year at ~465€
• German equities were in the lead with Allianz $ALV (+0%) and Deutsche Bank $DBK (-3,1%) - Both with ~€120 (gross) dividend
• In the current year, dividends after 5 months are +25% over the first 5 months of 2025 at ~1.620€
• 
  I have reached another milestone with regard to the rolling 12-month view. For the second time, I have received over €3,000 in gross dividends for the last 12 months. This figure has now risen to over €3,100
• However, the fall in the US dollar is still having an impact on my dividend forecast - unfortunately, the growth rates in the second half of the year do not look very good compared to the previous year

Buying & selling:

• I bought in May for 885€
• 520€ shares
• 265€ ETFs
• 100€ crypto
• Sales There were none in May

Adjustment of savings plans for the second half of the year:

After a long time, there will be adjustments to my savings plans for the second half of the year. With Starbucks $SBUX (+0,65%) Apple $AAPL (-0,94%) and Hershey $HSY (-0,74%)
three shares will be removed from the savings plans. Starbucks and Apple will remain in the portfolio, Hershey is still open.

I will be adding Allianz $ALV (+0%)
which I have held in my portfolio for many years and bought individually in 2020.

In addition, the London Stock Exchange $LSEG (-2,35%) and Iberdrola $IBE (-0,91%)
will be added to the portfolio.

I go into these adjustments in detail in the YouTube video (see next section).

YouTube:

My portfolio update for May can be seen there again in the usual form.

Unfortunately, things are a little quieter there and here on getquin at the moment.

There are some private and professional issues at the moment that are taking up a lot of time.

Video: https://youtu.be/Pe59Z287-Zs

Goal 2025

I haven't really set myself any goals for 2025 due to the topic of building a house. A fixed savings rate is difficult to implement due to the issue (unforeseen costs and the like).

A dividend target will also be very difficult due to the high volatility of the US dollar.

That's why I'm focusing on other topics this year, especially building a house and possibly one or two successes in terms of YouTube.

How did May look in your portfolio?

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

The Hershey Company ($HSY (-0,74%) ) Q1 2025

Financial results

• Net salesConsolidated net sales amounted to USD 2.805 billion, a decrease of 13.8% compared to the previous year.
• Organic salesAdjusted for exchange rate effects and acquisitions, organic sales fell by 13.2 %.
• Net profitReported net profit amounted to USD 224.2 million (USD 1.10 per share), a decrease of 71.7 %.
• Adjusted earnings per shareamounted to USD 2.09, a decrease of 31.9 %.

Business development

• Consumer behaviorStrong seasonal sales in the U.S. Candy, Mint, Gum and Salty Snacks segments (including Dot's and SkinnyPop).
• Cost structureDespite increased costs, the financial situation remains stable, which enables targeted investments and acquisitions.

Use of capital

• DividendPayment of a quarterly dividend of USD 1.37 per share.
• Share buybacks: In the first quarter, treasury shares worth 125 million USD were bought back as part of an ongoing buyback program to increase shareholder value.

Outlook 2025

• Sales growth: Expected growth of at least 2% for the year as a whole.
• Profit forecast:
• Reported earnings per share: decline in the high 40 % range.
• Adjusted earnings per share: decline in the mid 30% range.
• Further expectations:
• Effective tax rate: approx. 16 %
• Other expenses: USD 170-180 million
• Interest expenses: USD 185-190 million
• Capital expenditure: USD 425-450 million
• Savings from Agility & Automation initiative: approx. USD 125 million

Strategic initiatives

• AcquisitionsContribution of Sour Strips to sales development (around +30 basis points).
• Portfolio expansion: Planned acquisition of LesserEvil strengthens the "Better-for-You" segment.

General Mills $GIS (+1,84%) (fair-favorable, interesting)

Wal-Mart de Mexico $WALMEX* (-1,37%) (downtrend - weak peso?)

P&G $PG (-0,81%)

Costco $COST (-0,4%)

Church & Dwight $CHD (+0,54%) (very expensive - silent expansion underway? see German website)

Pepsi $PEP (+0,56%)

Monster $MNST (+0,47%)

Coca Consol $COKE (-0,53%)

Lotus Bakeries $LOTB (-1,09%)

Mondelez $MDLZ (-1,04%)

Hershey $HSY (-0,74%)

Most of them are still "very" expensive in my opinion, despite the current price declines.

I would be interested to know which are your favorites for a long-term investment?

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 (-0,74%) Hershey +15.63%

$T (+1,73%) AT&T +14.07%

$NESN (-0,82%) Nestle +13.10%

$ADM (+1,29%) Archer Daniels -8.57%

$UNH (+0,87%) United Health -13.16%

$TSLA (-0,76%) 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 (-0,68%) ) and Medical Properties ( $MPW (-3,14%) ).

I then added to Lockheed Martin ( $LMT (+0,58%) ), Hershey ( $HSY (-0,74%) ) and Petroleo Brasileiro ( $PETR4 (-0,96%) ).

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 ($O (-0,58%) )
• STAG Industrial ($STAG (-1,71%) )
• Gladstone Invest ($GAIN (+0,66%) )
• Hercules Capital ($HTGC (+0,52%) )
• Cintas ($CTAS (+0,05%) )
• LVMH ($MC (-1,17%) )
• Monster Beverage ($MNST (+0,47%) )
• Microsoft ($MSFT (+0,21%) )

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.

21 days - 6.6% profit

The second short-term profit-taking besides $HSY (-0,74%) . Here it was a three-week holding period and only 6.6%, but I am still satisfied. Today's countermovement in both shares can of course only be a short correction, but I am happy with my profit-taking ☺️

12 days ~ 10% profit 🤑

Things can go well sometimes. I only actively trade a small part of the portfolio, but this time it worked out with Hershey. Maybe I got out too early, but it doesn't matter. 10% is good in the short time ☺️