Tuesday:

From today's perspective, ECB Director Isabel Schnabel considers an interest rate hike in June to be necessary in response to higher inflation. Presumably only a significant fall in oil prices can change this assessment.

https://www.handelsblatt.com/finanzen/geldpolitik/ezb-direktorin-isabel-schnabel-aus-heutiger-sicht-halte-ich-zinserhoehung-im-juni-fuer-noetig/100227889.html

$RACE (-0,8%) Ferrari presents its first electric car, the Luce. The news was not initially well received on the stock market, partly because the Ferrari would look more like an Apple car than a Ferrari. The 550,000 euro car will be available from the fourth quarter.

https://www.t-online.de/mobilitaet/aktuelles/id_101269292/ferrari-luce-elektro-sportwagen-kommt-mit-5-sitzen-und-mehr-als-1000-ps.html

$MC (-1,29%) LVMH reports organic sales growth of 1% in the first quarter. Adjusted for currency effects, however, sales fell by 6%. China appears to be stabilizing, while sales in the Middle East are falling by double digits. The Arnault family continues to stock up.

https://trading-treff.de/aktien/lvmh-aktie-china-stabilisiert-sich-naher-osten-bricht-ein

Wednesday:

$MBG (-2,55%) Mercedes wants to be the first manufacturer in Germany to sell cars with highly automated driving. Autonomous cars could be driving through cities as early as 2027. Mercedes would be the first manufacturer to reach level 4.

https://www.spiegel.de/mobilitaet/auto/autonomes-fahren-mercedes-bietet-ab-2027-drive-pilot-in-deutschland-an-a-11c179d8-6389-4c42-86ed-ec1ac4ee6281

Friday:

Slight recovery on the labor market in Germany, with the number of unemployed falling below 3 million for the first time since December. However, the effect is mainly due to the seasonal recovery. Vacancies are mainly in the care sector, in the skilled trades, as well as among doctors and in the social sector.

https://www.handelsblatt.com/politik/konjunktur/arbeitsmarkt-arbeitslosenzahl-faellt-erstmals-seit-dezember-unter-drei-millionen/100224596.html

After a long time of active trading and many reallocations, I would like to share my current portfolio transparently with you and deliberately collect feedback / discussions from the community :) (so ready for a qualified roast)

I originally come from the "active" corner with many certificates, warrants and tactical trades - some very successful, some with total losses. Over time, I've realized that although you can land some strong individual hits, the long-term capital allocation and structure of the portfolio is ultimately decisive.

I am therefore currently trying to realign my portfolio:

On the one hand, to continue to take advantage of opportunities for above-average returns, but on the other hand to finally build up a stable ETF/fund base.

My basic assumptions about the market at the moment:

• Many large tech stocks still look ambitiously valued or overheated to me
• In the medium term, I expect rotation rather than a linear "everything continues to rise" trend

That's why my portfolio currently looks a little unusual:

• large positions as a basis in AI & biotech funds, which currently have paused savings plans (due to overheating) ($KJGJC0 (+1,85%) & $DWWD (-0,02%) )
• plus turnaround bets such as Nike or Pernod Ricard (many repeat purchases, now a bit of a stomach ache) ($NKE (+0,22%) / $RI (-0,97%) )
• Macro/future themes such as copper, rare earths or quantum computing (under construction) ($ARU (+3,22%) , $COPA (-0,85%) , $QNTM (-0,78%) , $WSML (-0,23%) )
• and occasionally leveraged products and software stocks ($MSFT (-0,06%) , $SAP (-2,12%) , $NOW (-0,59%) , $MC (-1,29%) ,...)

My goal now is to build up the whole thing in a cleaner and more structured way and finally set my sights on the 100k.

I have about €2,000 per month available to invest and would like to use it to

• build up a strong ETF/fund base
• but at the same time consciously make individual high-conviction bets
• and significantly scale my portfolio in the long term

What suggestions / recommendations do you have for me with regard to further ETFs or individual positions?

I am also happy to receive critical feedback or counterarguments to my theses. That's exactly why I'm sharing the portfolio here 🙂

I have now thrown out over 15 positions. These are now things from two portfolios . This is now being done continuously with a savings plan. Further expanded everything.

Some now say that there are still a lot of stocks but there are two portfolios to emphasize extra. I used to have a lot of overlaps in the luxury sector or banks and I have now only focused on two things. $RMS (-1,24%) instead of $MC (-1,29%) or also $V (+0,06%) instead of $AXP (+0,04%) of course the tech stocks which are also all in the ETF. But I think I have now found a good compromise for me or which stocks would you throw out now?

As promised, here is the detailed stock analysis of our purchase $MC (-1,29%) LVMH:

https://youtu.be/1kO7rZ--m5Q?is=0LO1l97gsj_hiFIh

I have been holding $MC (-1,29%) for a while now and am about to decide to sell it with almost 30% due to the volatility and hardly any growth in the last months/years

The company is actually my favorite of the luxury goods peer group due to its size, brand diversity and other products/items it offers! But it seems to me that the air is slowly running out.

I urgently need opinions other than chat gpt

Dear Community,

I am currently in the process of buying a property and now need €70,000 from the deposit.

I'm now wondering what I should sell. I have some losers in my portfolio that I should actually sell, but it feels strange to realize all the losses.

I'm also thinking about the subsequent weighting of stocks that are performing well (such as $GOOGL (-1,08%) for example), which would increase considerably if I withdrew the €70,000.

My first thoughts would be stocks like $MC (-1,29%)
$UNH (+0,12%)
$WSIL (-0,63%)
$NVDA (+0,75%)
$COPX (-2,07%)
$CSPX (+0,02%) and parts of the $IWDA (+0,15%) to sell.

I am looking forward to your opinions!

Hello folks,

Here's my review of April 2026. Once again, you can see that a dividend portfolio cushions the bad months well, but doesn't take as much in the good months. Over the year as a whole, I am now on a par with the S&P 500.

📈 Performance:

S&P500: +9.50%

MSCI World: +8.00%

DAX: +7.10%

Dividend portfolio: +3.94%

My high and low performers in March were (top/flop 3):

🟢 ($TXN (+0,29%) ) Texas Instruments +43.62%

🟢 ($UNH (+0,12%) ) United Health +35.34%

🟢 ($CSCO (-1,61%) ) Cisco +16.72%

🔴 ($DTE (-2,74%) ) Telekom -10.58%

🔴 ($HSY (-0,08%) ) Hershey -11.82%

🔴 ($TSCO (+0,43%) ) Tractor Supply -26.20%

Dividends:

April 2026: € 379.73

April 2025: € 273.28

Change: +38.95%

Unilever only paid out its dividend in April this year, last year it was already in March. E.ON also paid out dividends in April, last year only in May.

Adjusted, this would mean an increase of 24.20%. Still a lot, but not quite as much.

Sales:

🟥 None

Purchases:

🟩 Unilever

Savings plans:

($CTAS (-0,44%) ) Cintas (50€)

($MC (-1,29%) ) LVMH (50€)

($MSFT (-0,06%) ) Microsoft (25€)

What else has happened?

As planned, I finished building up my nest egg in April. However, it's gone straight away because I decided to buy a photovoltaic system after all. Even though it's a big investment, it's simply worth it. At the same time, I also need to access some of the money that is earmarked for paying off my first home loan in four years' time. Of course, this will set me back a bit and will slow down further construction and expansion. Repaying the loan is a very high priority for me. But if I see the photovoltaic system as an investment and take a look at the IRR, then that's also quite nice. Unfortunately, it's not obvious, but you have to keep it in mind.

Otherwise, I will reorganize my ETF portfolio. Everything will be simplified. But maybe a separate post about that. @DonkeyInvestor will be pleased.

🥅 Goals for 2026:

I'm trying to reach €85,000 in my dividend portfolio this year. I'm currently at around €77,000, which is still within my target range. The price increases have given me a helping hand. Overall, it's going to be a bit more sporty than I thought.

If you liked the report and would like to read more, you are welcome to follow me,

If you're not interested, you can keep scrolling or use the block function.

https://www.ilsole24ore.com/art/effetto-conti-lusso-parigi-tonfo-kering-ed-hermes-AItitzVC

$MONC (-0,62%)
$BCUCY (-0,3%)
$BOSS (+0,31%)
$KER (-0,19%)
$MC (-1,29%)

Today I am analyzing three major luxury goods stocks following weak quarterly figures: Hermès, LVMH and Kering. All three shares have recently come under heavy pressure.

👜 Hermès analysis

Hermès reported sales growth of just 1.4%. Adjusted for currency effects, growth amounted to 5.6%; 7.1% had been expected. The regional picture was mixed: Asia +2%; USA +17% and therefore very strong.

The share fell by 15% at times and is now trading around 27.5% below fair value. At the same time, it is around 48% below its all-time high.

The range between EUR 1,350 and EUR 1,650 appears interesting from a technical perspective.

👠 Kering analysis Kering published a profit warning for the first half of the year of -40 to -45%. Gucci, which contributes around 45% to sales and is particularly weak in Asia, remains a particular burden.

The share is trading only slightly below fair value, while the fundamentals have clearly deteriorated in recent years. I believe a further decline of around 20% towards EUR 190 is possible.

💼 LVMH analysis LVMH reported the seventh consecutive quarter of declining sales in the key Fashion & Leather Goods segment; most recently -2%. Although the jewelry segment grew by 7%, it only accounts for around 12% of sales.

LVMH has a broad regional base: Asia, Europe and the USA each contribute around 25%. However, no region is currently providing clear growth impetus. On the chart, the share is just above EUR 440. A further decline of up to 25% remains possible.

The 10-year comparison:

• Hermès +120%
• LVMH +10%
• Kering -60%

⚠️ Conclusion Hermès looks the most exciting after the setback. LVMH remains neutral, while Kering continues to present the weakest fundamental picture. What would be your favorite in the current environment? $RMS (-1,24%) , $MC (-1,29%) or would it be $KER (-0,19%) ?

https://www.youtube.com/watch?v=gO5tzq1dBCA