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 (-0,82%) Hershey +15.63%

$T (+0,98%) AT&T +14.07%

$NESN (+0,86%) Nestle +13.10%

$ADM (+0,83%) Archer Daniels -8.57%

$UNH (-0,09%) United Health -13.16%

$TSLA (+4%) 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 (-0,74%) ) and Medical Properties ( $MPW (-2,34%) ).

I then added to Lockheed Martin ( $LMT (+1,12%) ), Hershey ( $HSY (-0,82%) ) and Petroleo Brasileiro ( $PETR4 (+1,26%) ).

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 ($O (-1,38%) )
• STAG Industrial ($STAG (+0,55%) )
• Gladstone Invest ($GAIN (+0,81%) )
• Hercules Capital ($HTGC (-0,11%) )
• Cintas ($CTAS (+1,3%) )
• LVMH ($MC (-0,03%) )
• Monster Beverage ($MNST (+0,85%) )
• Microsoft ($MSFT (+2,37%) )

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 have also been busy selling stocks today, but not the defense stocks (This was originally the plan, hence the survey in the morning, but they are simply very well positioned fundamentally and still have a lot of potential). Instead, I disposed of the following candidates:

$EPR (-0,01%) +10,7%

$BXP (+0,03%) +25,46%

$STAG (+0,55%) -0,44%

I have now gone from the initial 77 positions down to 70. 🫡

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Part of the capital was reinvested in$OXY (-0,07%) reinvested (subsequent purchase)

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Here is the original post with the 77 positions. However, I think you can already see the current portfolio. 😇

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

Good evening everyone,

The first steps have been taken. I sold the following shares today:

$KMB (+0,8%) A weak underperformer that operates in a business sector with a poor stomach.

I simply don't see any significant growth opportunities here over the next few years. I'd rather put the money into my broadly diversified world ETF or other investments. I got out with just under +10 %.

$PAYX (+0,99%) Out with around 6.5 % and the reasons for the sale are largely the same as for Kimberly-Clark.

$MSTR (+6,7%) After the rapid rise of the last few weeks, this has become too risky for me. I got out after a short holding period with around 28%.

In addition, the correlation with Bitcoin is very strong. And I'd rather hold my own $BTC (-0,77%) . From another perspective, if the value of the Bitcoin held is roughly half the market capitalization and you ignore the high level of debt, I still don't know where the other half of the market capitalization comes from.

The dividend aristocrat Procter & Gamble was actually also on the hit list for today $PG (+0,47%) Ecolab $ECL (+0,21%) and Colgate $CL (+0,67%) . I'm still not 100% sure about these, hence the vote. I would like to take a closer look. I was particularly fascinated by the 12m chart for Colgate. It looks as if a child has drawn a straight line from bottom left to top right. It's similar with Ecolab, where they have made around 45% in twelve months with dividends. (With Colgate around 40 %)

What happens next? The portfolio will be further reduced/concentrated. The BDCs are high on the hit list $ARCC (+2%)
$MAIN (+2,81%)
$HTGC (-0,11%)

REITs, on the other hand, can stay, as they currently have strong momentum and could benefit from falling interest rates. The only one I'm not quite sure about yet and would like to take a closer look at fundamentally when the opportunity arises is $STAG (+0,55%)

Inventory minimally increased

Major shopping spree January 2024

Share/ETF number 13/18

newly included

#depot

Have a nice evening getquin's 🙋🏼‍♂️

After some consideration, I have decided to drastically reduce the size of my portfolio.

-to focus more on companies with a higher market capitalization

-to switch from a dividend strategy to a dividend-growth strategy, as I have completely exhausted my 2023 allowance and am not yet dependent on dividends

The following shares have been removed from my portfolio.

$NAS (+6,59%) +5,12%

$AT1 (+2,4%) +8,05%

$ORI (+1,24%) +5,62%

$AAF (+1,52%) +10,06%

$STAG (+0,55%) +4,17%

$ILPT (+2,52%) -1,17%

Not yet sold but already on the hit list

$UKW (+2,68%) (yes I know... mimimi... but 6% dividend and 3%-4% share price growth is not my target)

$AD (+0,26%)

The following shares have been added to my portfolio.

$MSFT (+2,37%)

$AVGO (+1,15%)

$V (-1,07%)

$UNH (-0,09%)

The only remaining stocks are $ATD (+1,51%) and $BLK

I will soon be saving another ETF ( $VUSA (+0,75%) ) with around €350 per month, and I will continue to invest €900 in my 6 remaining shares every month. After about 4-5 years, the ETF should have overtaken all the individual shares in my portfolio and come out on top.

As my new job requires a little more time, I would of course first like to address the time factor with the downsizing, which should not be underestimated even with 20 shares.

My portfolio should actually look more like @Simpson but that would make me bang my hands over my head and I wouldn't have time for anything else. How you manage that is a mystery to me 😅

To be honest, I liked @Barsten I liked his portfolio best of all... slim and clear... I think when I registered here 2 years ago there were 4 shares, if I remember correctly. 🤔

Today I finally reallocated the rest and am really very happy with my new portfolio.

Please don't be surprised because only companies from North America 🇺🇸 🇨🇦 are included. I am fully aware of this and it was done on purpose. 😁

I hope that I will no longer spend so much time on my portfolio with news, figures and earnings and have more time for the important things in life... earning money for my portfolio 😂 and, most importantly of all, having fun and enjoying life.

Have a nice evening 🙋🏼‍♂️

ps. Depot can be viewed in the profile 😉

REITs and the transformation through "digitalization

The real estate industry is certainly getting hammered more than other industries right now. On X, I see some posts in which particularly $O (-1,38%) as a "junk stock". I find that very unfortunate, since the price must be considered abstractly from the intrinsic value. And in my opinion, the figures are correct, among other things, the dividends come from the cash flow and not from the substance.

Of course, when I look at my portfolio, I also see other REITs that are not doing well in terms of price, for example: $LTC (+0,61%) , $MAIN (+2,81%) , $STAG (+0,55%) and $DLR (+2,14%) .

However, I think you have to look at everything in the overall context. On the one hand, the current interest rate situation is putting pressure on REITs, and on the other hand, we still have aftershocks from Corona, even if no one seems to think about it anymore.

Especially the beloved home office has negative effects on landlords of office and commercial properties. I see this myself at my employer. While the main headquarters of the German subsidiary of a global corporation is owned, some German branches are rented properties. While the number of employees grew steadily over the last 3 years, paradoxically the need for office space decreased.

Thus, rented offices were closed or merged and employees could alternatively home office/mobile working in shared offices or coworking offices. Those who wanted to also moved.

Especially the main office, which was owned by the company, became acquainted with the shared desk principle. Thus, everyone retained the right to their fixed desk if they came to the office at least 4 times a week. For many, it was no problem to sit at a different desk every now and then, since they mostly digitized everything. I myself still have quite a bit on paper due to my work in my niche and also have my desk in an area that is exempt from the shared desk rule.

Also, I'm in the office almost every day, it's just a stone's throw away.

i even enjoy the privilege of considering a desk and my shelves as "my territory". And besides, I find that having a stable environment of colleagues who also have a permanent place themselves brings constancy to this ever-changing world.

Now for you guys:

• What's your take on REITs, esp. $O (-1,38%) ?
• And for the desk jockeys among you: What is your daily work like? What has changed as a result of Corona coupled with digitalization (among other things as a side effect)?

Of course, I know that some of the possibilities were already there before, but only really came into play with stay-at-home.