$1810 (-0,45%)
$BIDU (-1,38%)
$08X (-0,07%)
$KLAR (+0,17%)
$HD (-1,23%)
$EL (-1,34%)
$FLNG (+1,33%)
$ADI (+1,44%)
$BABA (+0,94%)
$WMT (-0,67%)
$TNIE (-1,28%)
$DE (-1,09%)

With the temperatures in July, my portfolio finally started to pick up again, even if not quite as much as I’d hoped 😉. After the somewhat challenging past few months, this little breather comes at just the right time!

July Portfolio Overview:

👉🏻 July:

Starting value: 1,219,254 euros + 428 cash

End: 1,270,244 euros + 16.65 cash

Deposit: 3,200 euros

Profit: +47,378.65 euros (+3.87%)

One positive aspect of the portfolio’s performance is that the growth was actually driven almost exclusively by my other (non-gold-related) holdings, as my gold and silver holdings performed neutrally to slightly negatively this month.

PayPal ($PYPL (+1,97%) ), Accenture ($ACN), and Xiaomi ($1810 (-0,45%) ).

PayPal is one of the investments I’ve held for quite some time—currently with a cost basis of about 55 euros—and I’ve weathered a long rough patch with it. I took advantage of the price decline to consistently buy more shares, as I’m convinced of the company’s value. The takeover offer a few weeks ago at around 53 euros has at least brought PayPal back into the spotlight, and I’m glad that there are others who also see value in PayPal. At the same time, however, I’m also glad that PayPal rejected the offer. In my view, a sale shouldn’t even be considered for less than 75 euros per share—and preferably even more. The quarterly results have shown that PayPal is still growing and is fundamentally very strong. Thanks to the consistent share buybacks, more and more shares are staying with us shareholders… so I’m holding on to my shares!

Accenture and Xiaomi also contributed positively to the portfolio’s performance. However, I see this more as a technical rebound from the massive (excessive) sell-off than as a result of actual operational news—but of course, I’ll take it anyway!

At the end of the month, performance was boosted once again by Novo Nordisk ($NOVO B (-2,65%) ) and Western Union ($WU (-0,62%) ). While Novo was hit with a -10% intraday drop because a study on a potential new drug missed its targets, Western Union fell by over 20% as its quarterly results fell far short of expectations. Nevertheless, I’m holding on to both companies!

The portfolio’s performance will, however, continue to be determined primarily by the future performance of mining stocks. Given the uncertain situation surrounding Iran, I expect volatility to remain elevated going forward. At the company level, all mining stocks (K92 Mining, Equinox Gold, Santacruz Silver Mining) delivered very strong production figures. And the gold price also appears to have found a floor around $4,000 per ounce for now. But in the short term, what happens next will likely be determined by Trump’s whims 😉 ...

Let’s see how things play out! Tomorrow’s trading session looks like it’ll be another exciting one.... Deal, no deal, deal, no deal, deal.... 😅

➡️🆓: On my way toward $4 million in total assets, I’m now 41.5% of the way there.

Here’s to successful stock market trades! 😊

June marks the end of my second-worst month on the stock market since I started keeping records... It’s not all sunshine and rainbows. But hey, you’ve got to be among the worst performers sometimes so that things can get better again in the future! 😉

Here’s an overview of the portfolio in May:

👉🏻 June:

Starting balance: 1,398,020 euros + 72.39 cash

End: 1,219,254 euros + 428 cash

Deposit: -3,000 euros

Loss: -175,410 euros (-12.55%)

The loss is mainly due to the continued decline in the price of gold and the associated drop in mining stock prices. For this reason, I remain calm about this situation, because anyone who has been investing in mining stocks for a while is familiar with these fluctuations. At this point, there’s no need to worry about it yet.

In addition to mining stocks, however, automotive stocks $P911 (+0,82%) (Porsche) and $VOW (+1,35%) (Volkswagen), as well as Chinese stocks $BABA (+0,94%) (Alibaba), $PDD (+0,41%) (PDD Holding), and $1810 (-0,45%) (Xiaomi). I selectively bought more shares in these.

In addition to the (unrealized) price losses, there were also a few instances of profit-taking here and there this month. On the bright side, this month also marked my strongest dividend month of the year—and of all time. All in all, I received 16,600 euros in gross dividends. The main contributors were Volkswagen, Porsche, and—by far the best dividend payer— $BIJ (-0,63%) (Bijou Brigitte) 👍🏼

I’d say I’ll check this month off my list and look forward to July—after all, it seems to be off to a reasonably good start. If that isn’t a good omen... 😊

Bad months are just part of the deal!

➡️🆓: On my way toward 4 million in total assets, I’m now 40.35% of the way there.

Here’s to successful stock market trades! 😊

$1810 (-0,45%)

Don’t let the typical quarterly panic and the shaky hands of would-be traders unsettle you. Anyone with a long-term perspective on the stock market sees the current price as a massive value bargain, since the mathematically fair value is actually between 5 and 6 euros.

The current slump is self-inflicted and temporary. Expensive memory chips are temporarily eating into smartphone margins due to the AI boom, but this will resolve itself in 2 to 4 years thanks to the cyclical nature of the market. At the same time, Xiaomi is being collectively punished due to the “China penalty” and geopolitical fears (Trump). Yet the real electric-car success story, with global expansion starting in 2027, is still ahead. The fact that management is buying back 20 billion HKD worth of its own shares at bargain prices right now shows just how undervalued the company is.

The market is staring in panic at the coming months. Anyone entering this with a 5- to 10-year time horizon is capitalizing on the ignorance of the masses and building real long-term wealth. Buy, sit back, and let the nervous ones sell.

P.S.: The panic over theoretical stock dilution is unfounded anyway. Getting blanket approval for this right at the annual general meeting is standard practice. Theoretically, any company worldwide can and may do this; the key point is that Xiaomi is actually massively canceling shares right now instead of diluting them.

Another month on the stock market is coming to an end. And it has actually been a somewhat quieter month again (that's allowed 😉). Of course, there were brief ups and downs again this month due to Trump and Iran, but at least there is a small plus under the line!

The portfolio in May at a glance:

👉🏻 May:

Start: 1,373,005 euros + 56.20 cash

End: 1,398,020 euros + 72.39 cash

Deposit: 3,000 euros

Profit: +22,031 Euro (+1.60%)

In terms of news and trading, this month has been rather boring. Apart from some minor profit-taking and increases, nothing has really happened that would significantly influence the composition.

I did my usual trading and bought and sold smaller positions across the portfolio. This month the focus was on $ZAL (-1,06%) (Zalando), $TUI1 (+0,06%) (TUI), $1810 (-0,45%) (Xiaomi) and $PDD (+0,41%) (PDD Holding). In addition, I took advantage of temporary price weakness to increase my position in $SCZ (+0,73%) (Santacruz Silvermining) a little.

With regard to one of my largest positions $EQX (+2,65%) (Equinox Gold), there was some news after all. Equinox wants to or will take over Orla Mining ($OLA ) to take over Orla Mining. This will make the new company the second largest gold producer. As of today, the share price has not yet benefited that much. But with the last merger with Calibre Mining, it took a while for the market to recognize the potential! 😉

https://www.reuters.com/legal/transactional/equinox-gold-acquire-orla-mining-create-185-billion-gold-producer-2026-05-13/

I am curious to see how the coming month will develop and whether we will finally come to a conclusion in Iran. In any case, June will be the most profitable month in terms of dividends - the bottom line should be a good EUR 16,000. Definitely a small highlight! 😊

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 44.85%.

Here's to good stock market trading! 😊

$1810 (-0,45%)
$08X (-0,07%)
$ZS (-2,56%)
$PDD (+0,41%)
$MRVL (-1,59%)
$CRM (-3,02%)
$SNPS (+0,83%)
$SNOW (-3,22%)
$HPQ (-4,23%)
$XPEV
$KSS (-1,72%)
$DELL (-0,87%)
$PATH (-2,67%)
$OKTA (-5,71%)
$MDB (-3,07%)
$ADSK (-1,69%)
$S (-3,25%)

$1810 (-0,45%) reported deliveries of over 30,000 electric vehicles in April, an increase of around 50% compared to the previous month.

The company's shares closed 6.75% higher in Hong Kong today.

The delivery time for the YU7 base model is currently 7 to 10 weeks, unchanged from the previous month, while the waiting time for the Max model has been reduced to 4 to 7 weeks.

For the new SU7, the delivery time for the base model has increased to 8 to 11 weeks, and the Max model now requires a waiting time of 9 to 12 weeks.

Over 70,000 firm orders have been received for the new SU7 since its launch. From January to April, Xiaomi delivered 110,000 electric vehicles, which is 20% of the delivery target of 550,000 units for 2026.

At the end of April, Xiaomi operated 495 stores in 165 cities. The company plans to open two more stores in May. Xiaomi is expected to launch its YU7 GT model at the end of May.

In the field of electric mobility, Xiaomi plans to launch in Europe in the second half of 2027, followed by right-hand drive markets in the first half of 2028.

Priority will be given to premium segments and developed markets.

The company already established its European R&D and design center in Munich in September 2025, which employs over 100 engineers with an average of more than 15 years of experience under the leadership of Rudolf Dittrich, the former technical director of BMW M GmbH.

The Xiaomi YU7 GT, scheduled for launch by the end of May, is the first model developed by the European center.

For its smartphone and AIoT business, Xiaomi wants to find a balance between costs, pricing, sales volume and profit in the face of rising costs for storage, raw materials and logistics, geopolitical conflicts and weak consumer demand.

The company plans to optimize product features, strengthen premiumization and drive growth through overseas retail and e-commerce channels.

Xiaomi is sticking to its commitment to invest 200 billion yuan in research and development over five years and more than 60 billion yuan in AI over three years.

The company aims to control operating cost ratios and improve efficiency through the use of AI agents.

At the same time, share buybacks will continue: 7.4 billion Hong Kong dollars worth of shares have been acquired in the current year to April 24, compared to 6.3 billion Hong Kong dollars in the full year 2025.

On Thursday, the company bought a further 50 shares and currently stands at 550 shares.

After ending March as one of my worst months on the stock market, despite the recovery at the end of the month, April was able to make up some ground. Unfortunately, a large part of the recovery, which peaked in mid-April, was sold off again, but we are also satisfied with the small successes... 😉

But let's take a look at the figures!

👉🏻 March:

Start: 1,330,246 euros + 9,843 cash

End: 1,373,005 euros + 56.20 cash

Deposit: 4,100 euros

Profit: +28,872 Euro (+2.15%)

A large part of my portfolio is still tied up in K92 Mining and Equinox and is therefore dependent on the development of the gold price. The overall political situation remains volatile, which is why I expect a volatile recovery and or sideways movement in the near future - but I remain positive in the long term.

For me, the following factors continue to speak in favor of a gold investment:

(1) Increasing (geo)political uncertainties

(2) Deficit spending in large parts of the world (especially Europe / USA)

(3) Resulting inflationary tendencies

In April itself, there were only minor changes / profit-taking in my portfolio. I was able to take small profits on Western Union $WU (-0,62%) Fuchs Petrolub $FPE (-0,66%) and Ubisoft $UBI (+4,97%) which I then reinvested directly (including in TUI $TUI1 (+0,06%) and Xiaomi $1810 (-0,45%) .

The dividend season is also slowly gaining momentum. In April, I was able to record a total of around 2,000 euros in dividends. In May, I'm already looking to double that with 4,000 euros and in June I'm even expecting 16,000 euros. At least that's something to look forward to... 😊

Otherwise, there is unfortunately some negative news for my Euro Sun Mining $ESM (-0,81%) speculation. After rising by over 100% within a very short space of time on the back of positive news, we are now actually in the red. The reason for this is the political situation in Romania and the virtual disintegration of the government. It is currently unclear whether a corresponding national law will be passed, which will make it possible to apply for a permit. Nobody knows when and if it will be passed at all. Of course, the investment case stands or falls with this. But that is the price in this sector. Personally, I'm also factoring in a possible total loss (even if I hope it doesn't come to that...) 😅

➡️🆓: On my way towards 4 million total assets, the target achievement level is now 44.27%.

Here's to good stock market trading and enjoy the holiday! 😊