Part_Time_Joe @Part_Time_Joe: "+++ 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨-𝐔𝐩𝐝𝐚𝐭𝐞 𝟏𝟑𝐭𝐡 𝐟𝐮𝐥𝐥 𝐰𝐞𝐞𝐤..."

Germany

Edited

+++ 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨-𝐔𝐩𝐝𝐚𝐭𝐞 𝟏𝟑𝐭𝐡 𝐟𝐮𝐥𝐥 𝐰𝐞𝐞𝐤 +++ Dear fellow investors, July concluded with another tumultuous week. Tech stocks particularly suffered double-digit losses due to partially unmet expectations and escalating recession concerns following weak employment figures. Despite these challenges, our portfolio proved to be stable, outperforming all major indices. In fact, we seized the opportunity to selectively increase our positions and were able to take profits for the 8th time. 📈 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨-𝐊𝐏𝐈 𝐔𝐩𝐝𝐚𝐭𝐞: ✅ July- Performance: +4.46 % ✅ YTD-Performance: +2.1 % ✅ Risk-Score: 4 (within expected range of 3 - 5) ✅ Current Cash-Ratio: ~4 % 🖋️ 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨-𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤 𝐢𝐧 𝐝𝐞𝐭𝐚𝐢𝐥: Once again, it has proven to be a wise decision to have primarily invested in defensive stocks at the inception of the portfolio three months ago. Naturally, I couldn't predict their development, and claiming to know the future would be dishonest. However, this approach feels more secure, particularly when considering the Nasdaq's impressive historical performance. The Dow Jones is set to end the week with a loss of 2.73%, while the Nasdaq and the Dax are down about 3.5% and 4.2%, respectively. On a monthly basis, the Dow Jones eked out a small gain of 0.7%, whereas the Nasdaq and the Dax declined by 8.5% and 2.7%, respectively. Our portfolio in turn is about to end the week with a rather small loss of about 1% and the month with an increase of 4.4%, both clearly beating the major indices. Let's hope it continues this way! To make sure that we profit from the (hopefully) soon coming upswing I used our comfortable cash-position to increase certain positions and add selectively new ones. 𝘖𝘵𝘩𝘦𝘳 𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰: ➡️ 𝘈𝘥𝘥𝘪𝘯𝘨 - 𝘍𝘳𝘢𝘱𝘰𝘳𝘵: Today I added Fraport to the portfolio. Fraport is an infrastructure investment and therefore by nature defensive. As airport operator Fraport benefits from the recovery of flight traffic. ➡️ 𝘈𝘥𝘥𝘪𝘯𝘨 - 𝘗𝘰𝘳𝘴𝘤𝘩𝘦 𝘚𝘌: I capitalized on the further decline of Porsche's stock price to augment our stake to the maximum investment threshold. Unless there is some unforeseen and irrational market movement, I do not intend to enlarge this position further. It is a strategy to mitigate risk. ➡️ 𝘈𝘥𝘥𝘪𝘯𝘨 - 𝘞𝘦𝘴𝘵𝘦𝘳𝘯 𝘜𝘯𝘪𝘰𝘯: Western Union reported strong quarterly results, which were overlooked amidst the broader market volatility. In my opinion, the stock is attractively valued at this level, and it could be a good time to initiate a position. Although I have traded this stock previously, I do not intend to hold it as a long-term investment. ➡️ 𝘗𝘳𝘰𝘧𝘪𝘵-𝘛𝘢𝘬𝘪𝘯𝘨 #8 - 𝘌𝘯𝘨𝘪𝘦: I purchased Engie shares approximately six weeks ago, following the French elections that signaled a victory for the ultra-left-wing parties, resulting in a sharp drop in numerous French stocks. Based on past experience, price movements triggered by political events, like elections, are often short-lived, making it a classic turnaround play. I liquidated the position this week, securing a gain of approximately 10%. ➡️ 𝘍𝘶𝘳𝘵𝘩𝘦𝘳 𝘗𝘢𝘺-𝘐𝘯𝘴: Depending on the further market actions I might conduct another pay-in. Overall I want to reach 25,000 € total investment size. Currently I am at 14,000 €. If I decide to pay in. I'll let you know in advance! Overall, I am satisfied with the week. It has shown that our portfolio is robust and strategically positioned well. Let's buckle up and see what the upcoming week has in store! $FPE.DE (Fuchs SE) (Fuchs SE) $P911.DE (Porsche AG) (Porsche AG) $PAH3.DE (Porsche Automobil Holding SE) (Porsche Automobil Holding SE) $GER40 $DJ30 $NSDQ100 $WU (Western Union Company) $FRA.DE (Fraport AG Frankfurt Airport S) $ENGI.PA (Engie SA) Best, Part_Time_Joe