Small portfolio update for copiers.
I have sold out the cash position in USD. I don't think it's useful right now and although it is the 'baseline' money here on Etoro, that doesn't mean its real world value is stable. The position in $XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF) is effectively cash held in Euros and should be considered my 'cash' holding. I think holding Euros is wiser than holding USD currently.
I have bought $IOS.DE (IONOS Group SE) yesterday with the previous USD position which is a European data centre business. I had been looking at this company for a while but the timing now seemed appropriate. Its at a fairly good value, but the demand for its services are becoming very strong with current political tension between the US and Europe shaping business and government decisions. It would tick the correct boxes if a company wants to reduce risk/dependancy on US providers. US companies are splitting off Europe services, but the extent to which they are truely independent is always in question. Amazon (as in the cloud provider AWS) for example says its new European service will be operationally independent and would have a copy of all source code, however, the technology it runs on is still proprietary kit, and no way to be certain there is no data funnel back to the US.
Ionos is one of those businesses where the opportunity is there, and you just hope they can grasp it, the market is not convinced, therefore the value isn't so high. Worth it for potential upside in my opinion.
Not investment advice, just my own personal thoughts and opinions.
Paul. ... Show More
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
