Is it true that the $EWG2 (+0,5%) tax-free after a holding period of 1 year? I would then switch from my $IGLN (+0,47%) switch. It says on the Internet that brokers generally do not charge tax on sales after 1 year. What is the rule? XD

Preface:

In the following, I would like to present how my portfolio has developed over the course of 2024.

This includes

1) my strategic orientation

2)Return on the portfolio.

The main topics are:

• Moving away from individual stocks
• Entry into gold and bitcoin
• Factor investing

Finally, I will give my own thoughts on how to proceed.

The main changes to my portfolio that have led

to my current strategy are presented below using a short timeline.

timeline:

My timeline

Beginning of 2024

At the beginning of the year, I pursued a 70/30 core satellite

strategy. The 70% ETF core again consisted of STOXX Europe.

MSCI World, Emerging Markets.

The 30% consisted of stocks such as: $CSIQ (-0,32%) , $O (+0,46%) ,$TSM (+1,24%)
$ADM (+0,93%)
$UMI (-0,63%)
$D05 (-0,67%)
$BMW (-1,02%)
$UKW (-0,66%)
$8031 (-3,32%)
$MUV2 (-2,43%)

February

Addition of gold to my portfolio. Target size 10%. Build-up in batches.

The remaining 70/30 strategy therefore only relates to the remaining

90%.

April-June:

Entry into Bitcoin via Trade Republic in several batches

at prices between 50k and 63k.

After exchange with @Epi to the fee schedule at Trade Republic

I sold them there in order to sell Bitcoin on a dedicated crypto exchange.

exchange.

June:

Thanks to @PowerWordChill I got to grips with factor investing. A Gerd Kommer book later, and after some internet research, I decided to

decided to transform my ETF strategy into a factor ETF strategy.

July-August 2024:

Sale of my shares. Concentration on the factor portfolio.

August - September 24:

Renewed build-up of Bitcoin with the aim of making Bitcoin a

a fixed component of the portfolio. Consideration is 5%-10%

of my portfolio.

The idea. Build up an initial position, then make regular

investments of €50 per week with the aim of growing to the target size

to grow to the target size. The rapid rise in October/November led me to

led me to leave it at €50 per week. And individual purchases in

larger tranches at an early stage with a portfolio size of 2.x%.

End of December 2024:

Position size of Bitcoin almost 5%.

I am not yet including Bitcoin in my gold/ETF quota. I'm still running it on the side.

I re-evaluated my factor weighting at the end of the year

and would like to fine-tune it a little. I will briefly present the result in the

following section.

In addition, I have decided to include a small

include a small proportion of real estate stocks. However, this will probably never

part of my strategy worth mentioning and contains - as of today - only

about 3% of my portfolio and only $O (+0,46%) ).

Overall breakdown of my portfolio:

As described above, I do not yet include Bitcoin in my overall strategy

part of my overall strategy so that rebalancing remains easier. This will

change when Bitcoin reaches its target size.

The rest is made up as follows:

ETFs:

$XDEM (-0,03%) 30.3% (MSCI World Momentum)

$XDEB (+0,19%) 10.1% (MSCI World Minimum Volatility)

$XDEV (-0,27%) 10.1% (MSCI World Value)

$ZPRV (+0%) 15% (MSCI USA Small Cap Value Weighted)

$ZPRX (-0,32%) 6.5% (MSCI Europe Small Cap Value Weighted)

$PEH (+0,11%) 4.5% (as a quality factor on emerging markets)

$5MVL (+0,09%) 4.5% (Edge MSCI EM Value)

$SPYX (-0,57%) 9% (MSCI EM Small Cap)

Gold

$EWG2 (+0,5%) 10% Gold ETC

Getquin Rewind and own data:

At the end of the post you will find my Getquin Rewind, as I was not able to embed the image in the text:

However, according to my own calculations, this cannot be correct.

My portfolio volume at the start of the year was around €103,500 with a return of €16,693. This would correspond to a total return of 19.2%. However, we are not yet talking about a time-weighted return, as my invested capital has roughly doubled over the course of the year. I therefore estimate my TTWROR to be higher.

My own thoughts and outlook:

I do not expect any major changes in strategy over the next few years. At some point, a strategy will have to be established. If necessary, I will make some adjustments to this strategy.

This includes the fact that I am dissatisfied with the costs of the emerging markets factor ETFs. So far, however, I intend to live with it. Should I

stumble across better products, I will consider switching. Especially as long as I stay within the tax allowance when switching.

I'll also have to decide how big my Bitcoin holding should ultimately be.

If you've been reading carefully, you'll notice that a lot of money has accumulated in the last year. Big profits, big investments. Due to personal circumstances, I will not maintain these rates in the same style, but will reduce them somewhat. I expect to be able to continue investing around 1.5-2k per month. This means that my financial goals are

with an expected return of 5% adjusted for inflation over many years.

I am half hoping for major setbacks in the near future and the associated favorable entries. However, in view of the impact that minor price jolts have had on society as a whole (thanks to populism), I don't really wish for them.

Do you have any suggestions, questions or comments? Is there anything that particularly interests you?

I am also happy to receive suggestions for improvement for future posts.

Best regards,

Your Smurf

PS: @DonkeyInvestor and me, that's love ❤. And now send me your coins! (So I can reward your next post appropriately).

PPS: I hope someone is interested.

What kind of year was it? H O L Y S H I T !

It didn't go quite as well as 2023, but it doesn't have to be +60% every year.

(https://getqu.in/BY7tzt/ Review 2023)

The excess return comes from $BTC (-1,89%) and the alt-coins I sold at the beginning of the year.

Congratulations to everyone who was invested in Pakistan and Argentina, these two actually managed to beat the S&P500. (little tip, have a look $DX2Z (+0,14%) have a look)

In developed markets, all factors have underperformed their peers, with the exception of momentum.

In the emerging markets, both Value $5MVL (+0,09%) , Quality $PEH (+0,11%) and small caps $SPYX (-0,57%) performed better than their peer group.

I have sold off some crypto this year and built up positions in several government bonds / government bond ETFs and $EWG2 (+0,5%) This now comprises almost 20% of the portfolio.

I will go into more detail at a later date as to why I built up this position.

But I can tell you this much: It has something to do with these two beauties:

$3VTE
$3EML (+0,23%)

Because I haven't shared my portfolio yet, but have been asked to do so several times, I'm using the end of the year to do so, here you go: 😘

And always remember, it doesn't matter what performance you had in 2024, what counts are lifetime returns. It doesn't do you any good to make 50%+ for 4 years in a row if you then lose 90% again.

Risk often only becomes visible when it materializes.

In the end I have to thank a very special person without whom this return would not have been possible, thank you Saylor Moon and please keep buying.

My portfolio shows a breakdown into different sectors and areas:

trade Republic: the shares and ETFs

scalable Capital : the gold

This is just the portfolio I want to hold for the next few years with a long-term savings plan. And if necessary, individual purchases where the opportunity arises, I think I am now quite well positioned or what do you think of the portfolio.

Stocks that I would like to hold for the long term

• Technology:
• 
  $MSFT (+0,11%) Microsoft,
• $AAPL (+0,17%) Apple,
• $ASML (-0,32%) ASML

• Consumer goods:
• $KO (+0,15%) Coca-Cola,
• $MCD (+0,06%) McDonald's.

• Finance and insurance:
• $ALV (-0,73%) Allianz,
• $V (+0,13%) Visa

• Real Estate:
• $O (+0,46%) Realty Income.

• Armor:
• $LMT (+1,29%) Lockheed Martin.

• Retail:
• $WMT (+0,1%) Walmart.

- Various sectors:

- $8001 (-2,87%) Itochu

- Health

$JNJ (+0,33%) Johnson & Johnson

ETF as core overlaps are relatively unimportant to me in this area :)

- FTSE All World :

$VWRL (-0,1%)

-Global Quality Income:

$FGEQ (-0,08%)

and then as a supplement

$BTC (-1,89%) bitcoin

and gold $EWG2 (+0,5%)

So, my account opening with Scalable has finally been completed and I can save the desired $EWG2 (+0,5%) to save. This means that I am not only diversified in terms of assets but also in terms of brokers (for those who value it ^^).

So now 70% run $VWRL (-0,1%) via TR, 20% Bitcoin via Bison (will be moved to my Tangem wallet when the transfer limits are reached) and 10% gold via Scalable Capital (the savings rate). I still have to create the same balance in the portfolio, but with purchases and no sales. Gold is still lagging behind, Bitcoin is running away :)

And then I hope that reinvesting and rebalancing everything once a year or so will take care of the rest :)

Feel free to criticize or ask questions :)

I enter a new short-term trade.

Short gold with triple lever🫣

$3GOS (-0,84%)

High risk 😬

$EWG2 (+0,5%)

"Where should I put the money I've saved? Maybe into a pot that will keep it safe. "

4k Xmas money here! What do you think is the best way to invest the money?

1. invest in the MSCI World (approx. 40% of PF currently) $IWDA (-0,03%)

2. buy Bitcoin (23% of the current PF) $BTC (-1,89%)

3.continue to add to Euwax Gold (~1% of PF currently) $EWG2 (+0,5%)

3. wait and see and wait for a good entry at 1, 2, 3, (I know statistically at 1. always all in immediately is best).

4. special repayment for the mortgage (2.01% interest, 7 years remaining)

I'm looking forward to your opinions.

+++ How much gold makes sense in a portfolio? +++

Hello everyone,

At the beginning of 2024, I started to include gold in my portfolio and opted for EUWAX Gold II
$EWG2 (+0,5%) in the process.

The diversification was particularly important to me in order to make myself less dependent on fluctuations in the stock market and global political events and to ensure long-term value retention.

For me, this is a sensible building block in any portfolio.

For me, diversification now also includes cryptocurrencies such as Bitcoin
$BTC (-1,89%) and Ethereum
$ETH (-0,72%)which have also made a significant contribution to increasing my portfolio.

Since the beginning of the year gold an impressive increase in value of almost 30 % achieved.

For me, gold and cryptocurrencies remain a long-term investment.

Current gold-all-time highs:

-In Euro: € 2,567.11

-in US dollars: $2,787.54

(Reached on 30.10.2024 -closing prices)

Diversification ⚙️

This always raises the question for me:

How much gold in a portfolio actually makes sense?

There are different strategies for this, which depend heavily on the individual investment strategy, risk appetite and market conditions.

Many experts, investment banks and investment advisors recommend a gold share of around 5-10 % of the portfolio.

Strategies for the ideal gold weighting in the portfolio

1. classic diversification (5-10%)

One allocation of 5-10 % in gold is considered a proven approach to diversify a portfolio.

(Allocation refers to the strategic distribution of assets across asset classes).

-Protection against systematic risks:

Gold often moves in the opposite direction to equities and bonds. In times of crisis, gold remains stable or increases in value.

-Limited opportunity costs:

A moderate proportion of gold hardly affects the growth potential of the portfolio, as the majority is invested in higher-yielding asset classes such as equities or bonds.

-Global hedging:

Gold not only protects against local market risks, but also against global uncertainties such as geopolitical tensions or economic crises.

Example of a balanced portfolio:

-55 % equities and ETFs

-30% bonds

-10% gold

-5% cryptocurrencies

2. defensive strategy (10-20 %)

A gold share of 10-20 % is particularly suitable for conservative investors or in times of heightened uncertainty.

-Focus on value preservation:

Gold offers stability in turbulent market phases or when risk appetite is low.

-Hedging against specific risks: A higher proportion of gold makes sense, particularly in the event of high inflation, currency devaluations or geopolitical conflicts.

Example of a defensive portfolio:

-40 % bonds

-30% equities and ETFs

-20% gold

-10% other real assets (e.g. real estate funds)

3. tactical allocation

A flexible, tactical allocation can make sense for experienced investors.

-Anti-cyclical investing:

Gold holdings are increased when risks (e.g. fears of recession) increase and reduced when markets are stable.

-Taking advantage of market cycles:

Active management makes it possible to benefit from fluctuations in the gold price.

Example:

-Stable times: 5 % gold

-In times of crisis: up to 15 % gold

Important: This strategy requires in-depth market knowledge and continuous monitoring of the economic situation and a quicker response.

Forms of gold investment

-#1 Physical gold (coins, bars): Direct control and safekeeping, but involves storage costs e.g. for a safe deposit box.

-#2 ETFs/ETCs: Easy trading and low costs.

My favorite: EUWAX Gold II
$EWG2 (+0,5%)

EUWAX Gold II is an exchange-traded commodity (ETC) from the Stuttgart Stock Exchange that securitizes the ownership of one gram of gold from a 100-gram gold bar.

On request, the physical gold can even be delivered to the exact gram.

A particular advantage of this product is the free delivery from a quantity of 100 grams within Germany.

EUWAX Gold II also impresses with its tax structure:

As it is treated like physical gold, capital gains are tax-free after a holding period of more than one year.

In addition, there is generally no tax deduction when selling via banks or online brokers.

🔖 Savings plan options with:

- Scalable Capital

- Comdirect

- Consorsbank

- DKB Bank

3.Gold mining shares: Higher risk, but potentially higher returns.

My favorite in the gold mining sector:
Newmont $NEM (+0,69%)
🔑

Newmont is the only gold company in the S&P 500 and scores with strategic acquisitions and low production costs (all-in sustaining costs) of currently 1.620 USD per ounce.

I hope you enjoyed this insight! I'll keep working on exciting articles for you.

How do you weight gold in your portfolio? 💬

Best regards

Michael