2Mês·

On the road to financial freedom - October update 📊

October marks the end of one of the most turbulent months for my portfolio. My portfolio reached a new ATH and I had the highest absolute daily gain (approx. 50,000 euros) and the highest daily loss (also approx. 50,000 euros) within a few days.

Start: 1,116,452 euros

End: 1,152,698 euros

Deposit: 26,034 euros

Profit: + 10,212 euros (+0.89%)

Anyone who has ever looked at my portfolio will know that I am significantly overweight in gold, or more precisely in gold mines. This quickly explains the reason for the volatility. 🎢

In the shadow of the gold price, mines have of course also risen disproportionately. With the slump in the gold price by 10% in places in just a few days, the good performance of the mines also came to an end. Some of the junior mines recorded price falls of over 50% in just one week (fortunately not mine).

While gold $4GLD (-1,24%) still rose by +3.8% in October, the October performance of K92 Mining (my largest position) was $KNT (-1,19%) (my largest position) was +5.5% and Equinox Gold $EQX (-3,59%) was +0.8%. I assume that gold will continue to perform well, as none of the problems (geopolitical tensions, inflation, etc.) have been solved. For this reason, I have also taken another small position $SCZ (-4,7%) (SantaCruz Silver Mining) in the portfolio. The crash offered a very good opportunity! 📈

Novo-Nordirsk performed less well this month $NOVO B (+0,3%) with -15% and PayPal $PYPL (-0,24%) with +3.9%. PayPal is particularly disappointing here, as the quarterly figures were excellent. This sent the share price up almost 18% intraday. Unfortunately, it was subsequently sold off completely. But this confirms my belief that you just have to be patient with PayPal. The day of truth for Novo-Nordirsk will come next week... 📉

Otherwise, I received around 700 euros in dividends this month and realized around 3,000 euros in gains on Mercedes and Alibaba, among others. 💵

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 39.9%. 😊

Let's see how November turns out. As always, it remains exciting!

26 Comentários

Epi@Epi

2Mês

To everyone else who thinks that the promised land of financial freedom has been reached with a custody account volume of 1 million: That's a mistake - it just goes on in the hamster wheel of capital targets! 😁

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Ver todas as 15 restantes respostas

Homer@Simpson

2Mês

My personal opinion on the portfolio
https://youtu.be/LG2hvf9k_jE?si=hKt3-GxNAj6WMrVx

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Part_Time_Joe@Part_Time_Joe

2Mês

@Simpson That really hits me now. "Homer" doesn't like my portfolio. Damn! 😩

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Homer@Simpson

2Mês

@Part_Time_Joe We don't have a single common position 😂

Otherwise a strong sum and who knows how the stock market will perform in the next few years and which stocks will bring the best returns

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Part_Time_Joe@Part_Time_Joe

2Mês

@Simpson In April and the following few months we would at least have had Alphabet as a joint position. But with today's knowledge, I sold it again too early... 😉

True words, although that doesn't mean we can't outperform both. We will see!

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Alfred E.@Papiertiger

2Mês

And what do we do next

--> Proclaim 25 million as the target 😂. Would at least be the point where I would simply call myself completely financially free from 2% net dividend or safer net return in something.
Living on ~€500,000 p.a. / making the family happy without it becoming less. 😇

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Part_Time_Joe@Part_Time_Joe

2Mês

@Papiertiger That might be a bit of an exaggeration... 😉

I would say that there are different levels of financial freedom. For me, financial freedom starts at the point where I can live a comfortable life even with a potential family without having to work (I'm not saying I wouldn't).

For that I would need at least 50,000 net a year. Using the 25 rule of thumb, that would mean you'd need about 1.25 million. But if you factor in inflation and risk buffers and don't want to use up your capital completely, you'll quickly end up with figures above 2 million.

But this is of course a very individual value. You can achieve a certain degree of financial independence much earlier!

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Alfred E.@Papiertiger

2Mês

@Part_Time_Joe I wish you every success with it (without meaning it in a funny way).

Realistically, with inflation, I would consider 100k net per person p.a. to be a good value. That would put you at around 8-10 million at 3 ...

I started investing too late and with a family it's all about making the best of it.

I'd be really happy if I could retire with 1-5 million in total net assets for 2+1 children in 20 years.

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Part_Time_Joe@Part_Time_Joe

2Mês

@Papiertiger Thank you! Whereby I need luck with your target values ... and a lot of it 😂

I don't think such a value is realistic for me to achieve. 3-4 million total assets with a bit of luck in the next 10 years okay, but beyond that let's see.

The problem is that the contribution made by the salary keeps decreasing (in percentage terms). So when it comes to wealth accumulation, you have to rely more and more on markets that are doing well. That wasn't a problem in the past. But what do you do if you have a phase of 3-4 years where the markets go sideways? It is said to have happened before...

Either way. We make the best of it 😉

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Joris@JorisInvests

2Mês

@Part_Time_Joe if you contribute every month about 26000, you only need about 9y8m to reach the 4 million 😅. Numbers I can only dream about, but I'm doing my best and one day the million will be there 🤞🏻

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Part_Time_Joe@Part_Time_Joe

2Mês

@JorisInvests I wish! Unfortunately it’s not a contribution in the classical sense. I have a so called „Verrechnungskonto“, which is not accounted for in the app - in other words my cash on hand reserved for the portfolio.
I used it to take advantage of the sell-off of the mining stocks.

Currently the cash balance is close to zero. Unless I reallocate money from other assets there won’t be any significant contribution this month 😂

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