Some stocks are deep in the red for me. Mostly consumer stocks, which to me seem that the sentiment is not that positive.
Anyways, what to do with these stocks?
Postos
104BEFORE: I have completely revised my portfolio review. There are now even more in-depth figures to see and I have greatly reduced the body text. Only my introduction is a little more detailed. The visual overview on Instagram has also been completely revamped. There is also a budget review, which I am not publishing here as a post. However, I have included a few key figures from this one in the portfolio review.
I am very happy about likes here at GQ and on both IG posts, as the complete renewal has cost me a lot of nerves and time. 🙃 If you also want to know how my personal finances have developed, I'd like to refer you to my personal budget review on Instagram.
In future, I will publish my detailed assessments on individual topics that were previously part of the review (such as crypto cycles or my succession strategy for crypto) separately in individual posts on GQ. Perhaps as a kind of supplementary post.
Are you missing important key figures or do you have suggestions for optimization? Constructive suggestions are always welcome.
For me, May was characterized by calm and composure, because I kept the noise of the markets and US trade policy away from me. I can do no more than simply buy more. I like to refer here to the stoic way of thinking, which focuses on prioritizing what you can influence. And that is my personal development. So that meant doing sport (at home with YouTube cardio and strength, abs, core, running), stockpiling Instagram posts so that I have some breathing space in the summer and delving deeper into the topic of AI. And the tax return was also completed. Meanwhile, dividends have been stable with the second strongest month ever, which was April. Time for a deep dive into my figures.
Overall performance
My portfolio performed well in May. Bit by bit, we are fighting our way up from the tariff lows. The key performance indicators are
Share allocation & performance
Which shares performed particularly well in May? Which are at the top of the chain and which at the bottom? Which were the biggest losers?
Size of individual share positions by volume
Share: Share of total portfolio in % (portfolio)
Smallest individual share positions by volume:
Share: Share of total portfolio in % (securities account)
Top-performing individual shares
Share: Performance since first purchase % (securities account)
Flop performer individual stocks
Share: Performance since first purchase % (securities account)
ETFs vs. shares
The breakdown of ETFs vs. shares across all portfolios is 38.8% to 61.2%. This differs slightly from the breakdown of my ETFs to equities savings plans (43% to 57%).
Investments and subsequent purchases
Here is a small overview of what I have invested via savings plans according to my fixed planning.
In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:
Additional purchases: as one-off savings plans as part of my cashback pension, reinvested discounts from previous grocery and drugstore purchases and a refund from the health insurance bonus program.
If you want to know how my cashback pension tops up the share and ETF pension, please let me know.
Passive income from dividends
My income from dividends amounted to € 163.13 (€ 89.68 in the same month last year). This corresponds to an increase of +42.32 % compared to the same month last year. The following is further key data on the distributions:
The top payers are:
My passive income from dividends (and some interest) mathematically covered 21.08% of my expenses in the month under review.
Crypto performance
My crypto investments also moved a little:
I find the topic exciting, but it is very underrepresented in my overall portfolio due to my strategy. Profits have long since been realized, my focus here has long been elsewhere. Accumulation will take place in the coming bear market.
Performance comparison: portfolio vs. benchmarks
A comparison of my portfolio with two important ETFs shows:
Outlook and conclusion
According to the tax estimate, I can expect a tax refund. When this arrives, part of it will be donated and the rest will of course be reinvested. May was also a no-spend month for me and, as a convinced frugalist, this went off without a hitch. I was able to reflect more closely on my spending behavior and even found further potential despite my basic low spend attitude. Now I'm preparing a Hartz IV/citizen's allowance experiment for at least 3-4 months (or more) for the second half of the year. Simply because I feel like challenging myself. My planned expenses and provisions according to the budget only just exceed my theoretical entitlement to citizen's allowance. More info coming soon on Instagram. After March and April, I was again able to record expenses of less than €1,000 per month in May. This will change in June due to a large annual insurance premium, but maybe I'll be lucky and stay at a maximum of €1,100 to €1,200. As in the previous months, I will continue to use the early summer in June for hiking, swimming and day trips.
👉 You want my review as an Instagram post?
Then follow me on Instagram:
📲 As well as the depot and budget review, there's also: @frugalfreisein
How was your May at the depot? Do you have any tops & flops to share? Leave your thoughts in the comments!
🔹 Revenue: $23.85B (Est. $24.35B) 🔴; DOWN -2.8% YoY
🔹 Adj EPS: $1.30 (Est. $1.65) 🔴
FY25 Guidance:
🔹 Revenue: Now expects low-single-digit decline (Previously: growth) 🔴
🔹 Adjusted EPS: $7.00–$9.00 (Prior: $8.80–$9.80, Est. $8.43) 🔴
Q1 Comparable Sales:
🔹 Total Comp Sales: -3.8% (Est. -1.96%) 🔴
🔹 Comp Store Sales: -5.7%
🔹 Comp Digital Sales: +4.7%
🔹 Same-Day Delivery (via Target Circle 360): +36% YoY
Other Metrics:
🔹 Operating Income: $1.5B; UP +13.6% YoY
🔹 Adj Operating Margin: 3.7% (Excludes settlement impact)
🔹 SG&A Expense Rate: 19.3% (vs. 21.0% YoY); Adjusted SG&A Rate: 21.7%
🔹 Interest Expense: $116M (vs. $106M YoY)
🔹 Effective Tax Rate: 25.0% (vs. 22.7% YoY)
Strategic and Operational Updates:
🔸 Designer collaboration with Kate Spade was Target’s strongest in over a decade
🔸 Seasonal sales during Valentine’s Day and Easter outperformed non-seasonal periods
🔸 A new multi-year "acceleration office" launched, led by Michael Fiddelke, to improve agility and drive long-term growth
🔸 Settlement of credit card interchange fee litigation added $593M in pre-tax gains in Q1
Capital Allocation:
🔹 Dividend Paid: $510M (UP +1.8% YoY)
🔹 Share Buybacks: $251M; 2.2M shares at avg. $114.60
🔹 Remaining Buyback Authorization: $8.4B
🔹 ROIC (Trailing 12 Months): 15.1% (vs. 15.4% YoY)
CEO Brian Cornell’s Commentary:
🔸 "While our sales fell short of expectations, digital grew healthily, with Target Circle 360 driving 36% YoY same-day delivery growth. Kate Spade for Target was our strongest designer collaboration in over a decade. We’re not satisfied with current performance and have initiated leadership changes and strategic acceleration to unlock future growth."
Numerous exciting quarterly figures are due this week. Particularly in focus: Palo Alto Networks ($PANW (+1,34%)), Snowflake ($SNOW (-0,2%)), Target ($TGT (-1,19%)), Intuit ($INTU (+0,98%)), Workday ($WDAY (+0,16%)), Deckers Outdoor ($DECK (-1,47%)) and BJ's Wholesale ($BJ (-7,44%)).
⸻
📅 Monday (19.05.)
- Trip.com ($TCOM)
- ZIM Integrated Shipping ($ZIM)
- 8x8 ($EGHT)
- Gilat Satellite ($GILT)
- Agilysys ($AGYS)
- Compugen ($CGEN)
- Transcat ($TRNS)
📅 Tuesday (20.05.)
- Palo Alto Networks ($PANW)
- Bilibili ($BILI)
- Tuya ($TUYA)
- Modine ($MOD)
- Toll Brothers ($TOL)
- Viking Holdings ($VIK)
- Amer Sports ($AS)
- Arbe Robotics ($ARBE)
- XPeng ($XPEV)
- Full Truck Alliance ($YMM)
- XP Inc ($XP)
📅 Wednesday (21.05.)
- Target ($TGT)
- TJX Companies ($TJX)
- Baidu ($BIDU)
- Medtronic ($MDT)
- Wix.com ($WIX)
- Urban Outfitters ($URBN)
- Domo ($DOMO)
- American Superconductor ($AMSC)
- Qifu Technology ($QFIN)
📅 Thursday (22.05.)
- Analog Devices ($ADI)
- BJ's Wholesale ($BJ)
- Deckers Outdoor ($DECK)
- Autodesk ($ADSK)
- Intuit ($INTU)
- Workday ($WDAY)
- Ross Stores ($ROST)
- Advance Auto Parts ($AAP)
- Lightspeed Commerce ($LSPD)
- TD Bank ($TD)
- Keysight Technologies ($KEYS)
📅 Friday (23.05.)
- Booz Allen Hamilton ($BAH)
🔗 Full overview: earningswhispers.com/calendar
AHEAD: Starting next month, my Instagram monthly recaps will only show the most important facts and figures on the slides of the Instagram post. The detailed text version will appear here on getquin. This makes it easier to absorb the information and makes the Instagram posts clearer.
I will divide the monthly review into a portfolio update and a review for private finances. I could also create a separate review for dividends and reinvestments. My aim is to motivate people to take responsibility for their own finances and to build up their wealth. The whole thing is based on my experience reports from my personal everyday financial life, tailored to the respective target group for each sub-post. Let's see how well I succeed.
Here is the last All-In-One post.
While many have continued to panic about Trump, I think I have understood that the whole tariff issue is only intended to depress the markets so that the USA can refinance itself at much lower interest rates when a good USD 7 trillion of the USD 36 trillion of national debt matures this year. That's why I preferred to keep on hiking, while the portfolio rewarded me with plenty of dividends for the month.
I present the following points for the past month of April 2025:
➡️ SHARES
➡️ ETFS
➡️ DISTRIBUTIONS
➡️ AFTER-PURCHASES
➡️ CASHBACK
➡️ P2P CREDITS
➡️ CRYPTO
➡️ AND OTHER?
➡️ OUTLOOK
➡️ Shares
So the second of April was the aforementioned day of liberation. And it was indeed one, the day of liberation from the excessive overvaluations in US equities. Unfortunately, there was also other collateral damage, but in the end there will be none, as it is all just book losses.
The trap in the US government budget that I would like to briefly point out is the national debt to GDP ratio of 123%, as of March 2025. In Germany, it is around 63%. This is stiflingly high and means that economic output is not enough to keep the national debt in check! Therefore new new "money" has to be printed for refinancing. And this money reaches us through asset price inflation. The illustration is, of course, highly simplified, but that is why we invest.
A look at my portfolio shows me that my individual shares $NFLX (+0,62%) my previous class leader $AVGO (+0,61%) has at least just caught up in terms of performance. Nevertheless, Broadcom remains the largest position in terms of volume. Who knows for how much longer?
Netflix's performance has recovered to +184%, Broadcom's is +182%. I'm watching the spectacle, but I'm letting the savings plans continue. Nothing more will be done here, as Beate Sander once said: the horses stay in the stable. Behind the two draught horses $WMT (-0,84%) 3rd place in terms of volume and $SAP (+0,3%) in 3rd place in terms of performance with +110%. In the last review, I reported that the waste disposal service provider $RSG (+0,05%) had risen steadily. It is now losing a few places again, but rising $V (+1,02%) and $MA (+0,82%) are rising together and both are already knocking on the door of the top 5 from the outside. The performance of both is similar and decent with +44%/+42%.
As always, the last places in the main stock portfolio are occupied by the same suspects. $NKE (-1,31%) , $TGT (-1,19%) and $HTGC (+0,52%) are the smallest positions. In terms of performance, Nike and Target are the worst performers at -40%.$DHR (-1,42%) as well. But that leaves me cold. In the current macro situation, this is hardly to be expected otherwise. The "neighbor indicator" fits, because most of the shoes on their doorstep (larger family) are Nike shoes. I'm thinking about adjusting my savings plans so that these values receive a higher proportion of my net salary.
➡️ ETFs
The impact of Trump's tariff policy was also clearly felt in the prices of my ETFs in April, leading to significant losses. It is important to remain calm in such volatile times and continue to invest strategically. Such phases are part and parcel of long-term asset accumulation.
➡️ Distributions
In April, I was pleased to receive 19 distributions on 8 payout days. This additional income stream is a valuable addition to my normal earned income, for which I am very grateful. I recommend everyone to build up this kind of additional income in order to become more financially independent from their traditional main job.
Traditionally, April is not a low-distribution month for me. This time, however, the distributions from my three large ETFs were not paid out at the end of March but in April, which distorted the distributions for both months. This effect made April the second-highest distribution month since I started investing. Otherwise, April is always slightly below the distributions of March.
➡️ Additional purchases
From the refunds below, I bought two one-off savings plans on the $GGRP (+0,04%) and $JEGP (+0,08%) executed. I would have liked to buy more, but I still don't want to touch the nest egg or reserves.
➡️ Cashback
In April, I received a cashback on my electricity bill and a travel allowance from my employer. Part of this was used to pre-finance future expenses and to top up sinking funds, while the other part was invested in an old portfolio via the aforementioned one-off savings plans.
➡️ P2P loans
With Mintos, there were no interest or redemption payments. I always withdraw incoming funds with availability. How are you doing with P2P? Are you also withdrawing from the investment?
➡️ Crypto
April was also a very volatile month for crypto investors. The unrest caused by Trump's tariff policy depressed crypto prices, similar to March. However, prices gradually recovered, indicating that the money supply is already increasing again. This is happening through new debt being purchased in the form of government bonds by the FED, which is essentially the equivalent of 'printing' money. Historically, the $BTC (-0,24%) usually follows this development with a delay of just over 10 weeks, as it is strongly correlated to the money supply at 90%.
I am following the whole thing with interest. My preferred theory of cryptocycles still fits in with the current trend. We are moving back towards 100K and I expect a bullish crossover in Bitcoin. The limit orders are still in the market, even if it will be a long time before they trigger. Of course, I hope that the "normal" bear market will then resume. In a few months' time, we will know whether we will have seen another clear double top in the current bull market.
Here are two key figures from my crypto wallets: monthly performance: +5.5%, performance since the beginning: +56%.
➡️ And what else?
I'm continuing to delve deeper into the use of LLMs and am currently working on my prompting technique. The posts on my Instagram channel that I have published since March have been created with the help of AI, I have used AI to give me ideas for image generation, to have them created naturally and many of the quotes are also AI-generated. I use several LLMs and see significant differences in the outputs. This makes it more diverse and even allows me to merge multiple results. The models are also learning my writing style better and better, with longer generated texts you can still clearly read the generic, but I myself understand better and better how I can use the new technology to improve my productivity instead of letting it replace me. This also applies to my job.
As in the previous month, I am also focusing much more intensively on the topic of nutrition. I avoid added sugar as much as possible. So there was no chocolate bunny for me at Easter and I'm not hungry for chocolate or other sweets. That's a real miracle.
I've also increased my weekly exercise routine once again and am paying close attention to how my body is coping. Instead of two weight training sessions at home, I now do three, instead of three running sessions a week I do a lot and every morning I do some general fitness/cardio and core exercises for my stomach to warm up. The clear aim is to continue building muscle and strengthening my heart health. And I enjoy it, even though the temperature in my apartment has already risen towards 25° Celsius on some days.
I've been hiking twice in Saxon Switzerland, once just under and once over 30 km. On hiking days, I like to leave at 4 a.m. on the first Saxonia Express train. In the fall and early spring, this is even the perfect time to enjoy the sunrise on the sandstone cliffs. For me personally, this is pure healing for the soul and a real quality of life. I can enjoy it without depressing thoughts in my head because I know that my finances are in order and running on autopilot.
➡️ Outlook
May will be a no-spend month for me, simply because I feel like taking on the next challenge. Later in the year, I want to start a Hartz IV/citizen's allowance experiment. I should be able to do this most of the time, as my expenses in March and April were both under €1,000. I'm already looking forward to the evaluation at the end of the challenge.
Links:
Social media links can be found in my profile, also feel free to check out the Instagram version of my review.
I finally made my first purchase 😍
The company has rarely been available at such a low price and also pays a fat dividend.
What do you think?
$WMT (-0,84%)
$TGT (-1,19%)
$HD (-0,91%)
$LOW (-2,32%) Walmart, Home Depot, Lowe's and Target attend White House meeting
Target announces meeting to discuss next steps for retailers
US retailers suffer from tariffs and shrinking profit margins due to import dependence
WASHINGTON, April 21 (Reuters) - U.S. President Donald Trump met with major retailers including Walmart (WMT.N), opens new tab, Home Depot (HD.N), opens new tab, Lowe's (LOW.N), opens new taband Target (TGT.N), opens new tab to discuss broad-based tariffs on Monday that will likely raise the cost of imported everyday goods.
Major U.S. chains like Walmart and Target rely heavily on imported goods, and tariffs - including 145 percent levies on China - are likely to add to a U.S. population already burdened by persistent inflation.
How do you do?
Here are a few stocks that I currently have on my watchlist. I have already bought a few tranches.
$TGT (-1,19%)
$PEP (+0,19%)
$NOVO B (-0,48%)
$UPS (-0,87%)
I think they are all quality companies and they also pay a dividend.
Novo Nordisk is possibly associated with more growth and the other three stocks are rather boring. However, I think the demand for the products and services will definitely not decrease.
I would be interested to know what you think of the companies mentioned. Do you have any of them on your watchlist, are you invested or do you want to get in? 😊👍🏻
Principais criadores desta semana