Hello everyone,

What do you think of this portfolio?

Are there any improvements? Do you have any suggestions?

Thank you

$VWRL (+0,09%)

$WSML (-0,4%)

$SAP (+0,64%)

$NOVO B (+0,66%)

$V (+0,03%)
$DDOG (+1,95%)

After about a year and a half as a silent reader, I'm taking the plunge today and writing my first post.

Briefly about me: I'm 20 years old, studying economics and started investing in January 2024. My goal is to build up a substantial financial base with discipline and perseverance.

My strategy: Growth & buy-and-hold

• Core: A solid foundation from which $VWCE (-0,04%) and $WSML (-0,4%) (small caps).
• Satellites: Supplemented by individual stocks and a $BTC (-3,11%) -position that is currently being built up additionally (target: 5 %) and a share in the wikifolio of @Epi (target: 10 %) in order to accelerate growth somewhat.

In the early days, I made the classic mistake of rebalancing too often. I now rely on calm and tactics. True to the motto "The journey is the reward", I want to keep learning and refining my strategy.

I am open to all tips and welcome constructive feedback on my current allocation.

Here's to a good exchange!

I have looked at my portfolio review of 2025 and my start to 2026 - not just "how much", but above all: why and what I have learned from it. I am happy to share this with you and look forward to discussion & feedback and, above all, your views: what was the result and also your perception of your stock market year 2025 - and what set-up are you starting the new year with?

Time to reflect 🧘‍♂️

1) Change of mood at the end of 2024

After a rather sobering (for me) stock market year 2024, there was a clear turnaround in sentiment in November 24: on the day of Trump's election victory in Nov 24, the market jumped significantly (Dow +3.57 %, S&P 500 +2.53 %, Nasdaq +2.95 %). This made the "risk-on" narrative credible again - and you could see it in the behavior of many portfolios. At least in mine, if I'm honest with myself ;)

2) Q1/Spring 2025: Unusually Europe-friendly

The first few weeks of 2025 were indeed unusually Europe-heavy: in the first six weeks of 2025, the STOXX 600 was up >5.5%, while the S&P 500 was only up +2.7% in the same period.

This also became clear later in hindsight: in 2025, defense and banks were extremely strong drivers in Europe at times. I was also right in this upswing ($DHL (+0,22%) , $GBF (-3,6%) , $RIO (-3,97%) ) but unfortunately also some disastrous ($NESN (+0,21%) , $MC (-0,67%) , $NKE (-0,55%) ,$NOVO B (+0,66%) ) decisions were made. Partly also trend- and community-driven -> yes, you are to blame ;)

3) Beginning of April: Bad times

Then came the break: The strong start to the year was literally "wiped out" in just a few sessions, partly due to the customs/trade war shock. YTD turned completely negative, and by April 7 the STOXX 600 was around 12% below the closing price on April 2. $TSLA (+3,79%) and $NVDA (+0,21%) purchases. I also $PEP (+4,55%) I bought cheaply, but a real breakout is still a long way off.

4) Shortly afterwards: fireworks

Then a tailwind came back in the US from the middle/end of April, when the market repriced parts of the Trump escalation in the direction of "negotiations/de-escalation". The Donald kept a few election promises that were perhaps not quite official .-)

5) H2/late year: AI + interest rates as a "macro tailwind"

Towards the end of the year, the environment was then more strongly characterized by two factors: AI-driven risk assets and falling interest rates. It was an AI-driven rally, which also supported sentiment and inflows into US equity again.

And on the interest rate side: the Fed set the key interest rate at 3.50 % to 3.75 % in December after a further cut.

At the end of the year, the major benchmarks were also closer together again: STOXX 600 +16.66 % in 2025, S&P 500 ~+17 %.

6) Golden times 🥇🏅

Then there was the beautiful gold (u.W.). 2025 was a real exclamation mark: spot gold was up around 66% over the year (according to Reuters, the strongest increase since 1979).

Silver was even more extreme at around +168 % per year.

I have already written about gold in more detail here on getquin - if you are interested in the topic, you can find the article in my profile.

Personal performance 2025

• Internal rate of return: approx. +10 %
• TTWROR: approx. -33 %
• Dividend yield: approx. 1.3 % p.a.

The figures confirm what I described above: in my opinion, I made very good operational decisions (realized profits, used tax aspects, built up cash flow). At the same time, the TTWROR shows quite clearly that the portfolio structure was too volatile and too strongly growth/trend-oriented in the meantime. Too often, I have taken the "falling knife".

Before the turn of the year, I invested in $NVDA (+0,21%) , $TSLA (+3,79%) , $GBF (-3,6%) and $DHL (+0,22%) - each with positive returns - for the following reasons:

• Utilize saver's allowance
• Reduce tech-heaviness
• Cash generation (you can read why below)

Starting point Jan 2026:

Brief overview of the 2026 start setup

Asset mix

• Individual shares: 71.4 %
• ETFs: 16.0 %
• Gold: 9.2 %
• Crypto: 3.4 %

Regional breakdown

• North America: approx. 45.7 %
• Europe developed: approx. 26.0
• Rest of the world (including EM/Asia/Australasia): approx. 22.5 %

Sector structure

• Financial services: 20.5 %
• Consumer goods (cyclical): 19,2 %
• Consumer staples: 15.7
• Information technology: 14.8
• Materials: 7.9
• Healthcare: 4.7

Start to the new year

Parallel to the sales at the end of 2025, I reallocated or increased my holdings in January, including in $O (+1,61%), $VNA (-1,13%) and $ZAL (-0,84%)- with the logic:

• Strengthen cash flow/dividend components
• Turnaround opportunities as a limited admixture
• Reduce volatility in the portfolio

Why I am thinking more defensively in 2026

Next week, the purchase of an apartment on beautiful Lake Tegernsee 🏝️ will be notarized. This is a step into a completely new asset class for me, as it's my first property of my own. - In addition to construction financing, it will of course also be a liquidity issue over the next few weeks.

I may make a separate post about this, perhaps some of you are also currently facing this step?

I can mentally cope well with drawdowns. But: being able to bear risk does not automatically mean having to bear risk.

My portfolio should fit in with this new phase of my life.

What I will do differently in 2026

Because a new asset class will be added to my portfolio in 2026 with the purchase of an apartment, I want to position my portfolio more defensively in future - without completely foregoing opportunities for returns : risk. Otherwise we would be completely wrong on the stock market :)

1) ETF core should dominate

I want my portfolio to be dominated by my ETFs in future. My target scenario is therefore

• 60% of the deposits via a savings plan in my 4 core ETFs ($VWRL (+0,09%) , $COMM (-1,66%) , $WSML (-0,4%) , $IEMS (-0,49%) ).
• 30 % stocks
• 10 % commodities
• Play money: crypto, certificates, pennies (weighting < 5%)

Important! This is a start-in-2026 setup

Of course, as always in life, a plan is there to be thrown overboard - so you have to wait and see how assets perform in the year ahead and reassess regularly.

2) Stocks yes - but with more discipline

Turnaround/opportunity stocks and trends remain part of my approach, but clearly limited. I want these positions to be what they should be again: An addition, not a foundation.

I will reduce (basic) consumption and strengthen healthcare. And tech?

3) Tech: more controlled

Tech will remain a driver of returns in 2025 - but I want to build it up again in a controlled manner after my sales. I will monitor the trend from a distance for the first few weeks and possibly months and bet on corrections. You can't do without it - as you can see from the Mag-7 performance in 2025:

• $GOOGL (+0,9%) : +65,3 %
• $NVDA (+0,21%) : +38,9 %
• $MSFT (-0,41%) : +14,7 %
• $META (-1,53%) : +12,7 %
• $TSLA (+3,79%) : +11,4 %
• $AAPL (+0,68%) : +8,6 %
• $AMZN (+0,15%) : +5,2 %

On that note, happy new year!

$VWRL (+0,09%)
$EWG2 (-9,17%)
$O (+1,61%)
$PEP (+4,55%)
$MSFT (-0,41%)
$P911 (-0,58%)
$BLK (+0,39%)
$NKE (-0,55%)
$RIO (-3,97%)
$MC (-0,67%)
$NOVO B (+0,66%)
$NESN (+0,21%)
$ZAL (-0,84%)
$COMM (-1,66%)
$IEMS (-0,49%)
$BTC (-3,11%)
$ETH (-5,41%)
$XRP (-3,69%)
$PEPE (-4,13%)

Hello everyone,

after almost 1 1/2 years as a silent partner on gq, I have decided to have my portfolio taken apart 😋

A few words about me and then about my portfolio.

I am 31 years old, live with my girlfriend and our 4-month-old son in the heart of Bavaria in our small home.

My girlfriend and I both work as employees in an automobile company. (She is currently on parental leave, of course)

About my portfolio.

I started my investment career with physical precious metals and shortly afterwards with cryptos.

When it came to cryptos, I got carried away by friends, I didn't know my way around them back then (I probably wouldn't take such a risk today). Fortunately, this turned out to be a good thing in hindsight.

A good three years ago, I added the first of what are now three portfolios with different strategies.

Depot (presumably for retirement)

$IWDA (-0,01%) / $MEUD (-0,08%) / $CSPX (+0,44%) / $EXS1 (-0,02%) / $EIMI (-1,4%) / $WSML (-0,4%)

2.dividend deposit (for cash flow as a reward on the joint account)

$HMWO (+0,13%) / $ISPA (-0,3%) / $TDIV (+1,1%) / $VFEM (-1,51%)

3.JuniorDepot

$VHYG (+0,34%) / $VWRL (+0,09%) as an accumulator.

Both ETFs are being saved in because the grandparents are financing one of them and I would like to keep them separate and not open an extra custody account.

All custody accounts are saved monthly.

So much for me and my portolio.

I would be very happy to receive any criticism, suggestions for improvement or similar and wish everyone happy holidays ✌🏻

Hello everyone,

I am 20 and would like to build up a portfolio for long-term growth and security.

The breakdown of my monthly savings plans:

66,7% $ISAC (-0,11%)

8,3% $WSML (-0,4%)

8,3% $MEUD (-0,08%)

8,3% $QDV5 (+0,45%)

8,3% $IGLN (-8,52%)

I would like to hear your opinion on whether you think this makes sense or would exchange/add a position or maybe you also say it is smarter to just save the $ISAC (-0,11%) to save.

After a stable October (+6.2%), there was a clear countermovement in November.

My portfolio fell to 39.328€ and was thus -3,9% compared to the previous month.

The main drivers were the strong sell-offs in AI software, uranium, mining and defense - precisely those areas that are overweighted in my allocation.

Despite the setback, the year as a whole remains strong:

👉 Year-to-date I am still at +20.4% - solidly in the green.

1st performance & comparison 🚀

November was clearly characterized by risk-off mode. While broader indices remained stable, highly volatile future themes corrected much more strongly.

My portfolio:
-3,9%

NASDAQ 100:
-2,56%

S&P 500:
-0,49%

DAX:
-0,55%

FTSE All-World:
-0,48%

The underperformance is fully explainable:

Uranium, AI software, bitcoin mining and defense were under pressure - all segments that my portfolio partly tracks. But we remain calm and use attractive setbacks to buy.

Positive:

The long-term trend structure remains intact, YTD +20,4% clearly show: The overall path is right.

2. my savings plans & allocation 💶

The focus remains unchanged on strategic liquidity and consistent allocation.

Important in November:

👉 I bought Bitcoin for the first time.

This expands my structure specifically in the direction of digital assets - a building block that has shown relative strength despite market volatility. We entered at €74665 and are trying to use the 30% drop since the ATH to build up a small anti-cyclical position.

My savings plans are continuing as usual and remain the tactical tool for exploiting market opportunities in a disciplined and unemotional manner.

3rd top mover in November 🟢

The month was led by Nubank ($NU (-4,66%)), which was up +8,06 % benefited from strong user numbers and continued high demand for credit in Latin America. Berkshire Hathaway ($BRK.B (+1,91%)) gained +7,40 % driven by solid insurance profits and defensive positioning in the current market environment.

American Lithium (+4.44 %) showed a technical recovery, while the Bitcoin purchase ($BTC (-3,11%)) in my portfolio with +3,39 % had a direct positive effect. Also small caps (MSCI World Small Cap ($WSML (-0,4%)) +1.31 %) also performed stably. Tomra Systems ($TOM (-1,8%)) rounded off the list of winners with a slight gain of +0,28 % driven by an incipient recovery in demand in the recycling segment.

4th flop mover in November 🔴

The month was much weaker for my highly volatile AI and energy segments.

IREN ($IREN (-9,1%)) fell by -21,27 % the strongest - burdened by pressure in the mining sector and falling BTC margins. Also Cloudflare ($NET (-0,89%)) also fell -21,19 % triggered by risk-off in the entire software/infrastructure tech sector.

The VanEck Uranium ETF ($NUKL (-5,87%)) slipped -17,48% after falling spot prices and geopolitical uncertainties led to widespread profit-taking.

Tempus AI ($TEM (-4,74%)) (-13,24%) and Rheinmetall ($RHM (-1,46%)) (-12,99%) suffered from a general revaluation of growth and defense stocks. Mercado Libre ($MELI (-2,07%)) closed the month with -10,00 % also significantly weaker, weighed down by consumer data from Latin America.

5. conclusion 💡

November was a classic rotation month: risk-off in speculative future themes, stability in value, fintech and more defensive positions.

❓Question for the community

Which position surprised you the most in November - positive or negative?

👇 Write it in the comments!

$IWDA (-0,01%)
$CSPX (+0,44%)
$EIMI (-1,4%)
$CSNDX (-0,36%)
$ISAC (-0,11%)
$VUSA (+0,44%)
$HMWO (+0,13%)
$XDWD (+0,1%)
$SPPW (+0,13%)
$WSML (-0,4%)

President Trump shakes hands with Chinese President Xi Jinping.

"He is a VERY tough negotiator. That's not good!" 🤣

"Nice to see you again!"

"We're going to have a very successful meeting!"

"We have ALWAYS had a great relationship."

Chinese President Xi Jinping says he is happy to finally meet President Trump.

"It's very nice to see you again! It's been many years. Since your re-election, we have spoken on the phone three times, exchanged several letters and stayed in close contact."

"Given our different national circumstances, we don't always see eye to eye. It's normal for there to be friction between the world's two leading economies."

"In the face of winds, waves and challenges, you and I, who are at the helm of Sino-US relations, should stay the right course and ensure the steady progress of these relations."

Chinese President Xi Jinping declares President Trump the PEACE PRESIDENT of the whole world!

"Mr. President, you care deeply about world peace! You are deeply committed to resolving regional conflicts. I greatly appreciate your significant contribution to the ceasefire in Gaza."

"During your visit to Malaysia, you witnessed the signing of the joint peace declaration along the Cambodian-Thai border, to which you also contributed."

Hello everyone,

It's time for some criticism again.

Briefly about myself, I am 24 years old

and my strategy is a mix of growth and dividends with quality. I have the MSCI World as my basis.

I have bought very few shares recently, I hold a fairly high cash ratio. Only my ETF savings plans on $IWDA (-0,01%)
$EIMI (-1,4%)
$WSML (-0,4%) are executed monthly.

I also have one or two speculative stocks in my portfolio, such as $ORSTED (-1,47%)
$FXPO (-2,48%)
$PYPL (+0,11%) . I will sell these when the prices are attractive.

The absolute losers at the moment are $DGE (+1,04%) & $PAH3 (-0,5%) . With $DGE (+1,04%) I am, however, considering buying more.

With $NKE (-0,55%)
$TGT (+3,58%)
$UPS (+0,92%)
$NOVO B (+0,66%) I am quite relaxed about the poor performance. I think patience will pay off here.

Feel free to give me feedback, I'm happy to receive any kind of constructive criticism! 😊

Hi ,

my name is Karsten . I have lived all the years of my life without paying much attention to stocks and stock markets. At some point I completed my VWL and saved monthly in a European equity fund, then a fund policy was added, which at least put its amounts into a good international equity fund. In 2020, I then started to get to grips with the stock market and saved monthly in ETFs - without going into the typical beginner's mistakes in detail :-) sometimes more, sometimes less, wildly into various ETFs, so that at some point there was an ever-increasing number of ETFs with a savings rate of around € 150 :-) 2024 then gradually gathered more information and for about a year now a consistent monthly savings rate in six ETFs, which I am happy with:

45% $IS3R (-0,96%)

15% $VNRA (+0,23%)

11% $LCUJ (+0,67%)

11% $IEEM (-1,43%)

11% $MEUD (-0,08%)

7% $WSML (-0,4%)

A few months ago I started to read more and more information about individual stocks, valuations, strategies etc. ..... And here I would just like to say thank you to many people here, for example @BamBamInvest , @Multibagger , @Tenbagger2024 , @Aktienfox and others !

I started investing in individual stocks about 3 months ago - 85% is consistently put into savings contracts, 15% of the capital is for individual stocks. I thought to myself, hey - people spend € 100 on golf or fitness clubs - if you have such expenses, these funds are invested in further stock education :-) The first month was a plus / minus zero game ( so better than the monthly fee for the golf club ), the last two months have averaged € 450 plus with a lot of learning effects and moments - what a pleasant situation : € 300 were put into the monthly savings plans and thus doubled the savings rate, € 150 invested for the family ( food / cinema ) - I am already aware that there are currently strongly rising prices / markets and it requires rather a certain skill not to make these small profits in this momentum. In any case, for the time being I've only looked at momentum / short-term stocks and now with $AMZN (+0,15%) and $QCOM (+0,96%) also invested in two stocks that I see as longer-term investments.

In any case, a big thank you for this community - it broadens my horizons immensely, including the fact that I now know many companies that are, for example, in the $VNRA (+0,23%) and $WSML (-0,4%) are listed !

If I have something meaningful to say, I will be happy to speak up more in the future, but I grew up with the value system "If I can't contribute anything, I'll just shut up" or as Roger Wilhelmsen once said so beautifully ." Where do most people get all their ignorance from"

September was a successful month - my securities account climbed to 38.827 € and gained +6,19 % significantly more than the major benchmarks (NASDAQ100: +4,94 %, S&P500: +3,19 %, FTSE All World: +3,23 %). I was thus able to clearly beat the market again. 🚀

1. performance & comparison 🚀

My portfolio benefited from a balanced mix: while individual techs performed well, other sectors provided additional stability. Particularly striking: the outperformance compared to the DAX & S&P, which were comparatively weak in September.

2. my savings plans & allocation 💶

As usual, my ETF savings plans continue to run consistently - with a focus on the solid foundation of MSCI ACWI $ACWI and World Small Cap $WSML (-0,4%). In addition, capital flows monthly into Berkshire Hathaway (B) $BRK.B (+1,91%) as a flexible, defensive allocation with optional cash flow leverage in a crash scenario.

In addition to the securities, I also invested € 180 in an original oil painting by Luciano Torsi in September - a small but deliberate step into alternative real assets. I am thus adding an aesthetic, real asset with long-term value retention potential to my allocation.

3rd top mover in September ✅

The list was headed by IREN $IREN (-9,1%) (+76%), which benefited from the strong demand for AI data centers. Also American Lithium (+36 %) also showed strength. Alibaba $Baba (+35 %) made significant gains thanks to cloud growth, in-house chip development and the rejection of NVIDIA chips. Rheinmetall $RHM (-1,46%) (+17 %) continued to benefit from high defense demand, while the uranium sector (+16 %) and Crowdstrike $CRWD (+0,01%) (+14 %) also performed well.

4th flop mover in September ❌

On the opposite side Snowflake
$SNOW (-2,52%) (-5%) lost some ground as investors became increasingly critical of its high valuation - despite solid figures. Also Mercado Libre
$MELI (-2,07%) (-4 %) also suffered from profit-taking after a strong summer rally. Keyence $6861 (-5,3%) (-3 %) and Tomra Systems $tomra (-2.8 %) corrected slightly without the fundamental picture deteriorating. The month was somewhat weaker for Novo Nordisk
$NOVO B (+0,66%) (-2.2 %), which continues to struggle with political risks and patent concerns in the GLP-1 segment. Even Berkshire Hathaway fell slightly (-1 %).

5. conclusion 💡

My September shows: Diversification pays off. Individual techs like Snowflake are correcting, but satellites like IREN and Alibaba are more than compensating for this. With the savings plan on Berkshire, I remain defensively prepared should volatility increase in Q4.

❓ Question for the community:

Which value surprised you the most in September - positive or negative?