Portfolio Update May 2020

It is time to give a new update about my current portfolio. April has shown some recovery of my portfolio and also of my dividend income. Since I was investing in a few companies again and I think some investors hope that the worst is over. But somehow I am not really trusting this rally and I am only investing in super cheap companies. At the moment my Portfolio has a value 72 392.77 EUR and consists of 38 companies and 2 ETF’s.In April I have invested in quite a few companies, which are the following:

I increased my position in:

  • BASF
  • Wells Fargo
  • Prudential Financial
  • Principal Financial Group
  • Old Republic International

Initiated a new position in:

  • Allianz

These are all companies with very healthy Balance Sheet and I believe they well do very well in that crisis compared to other companies. I also went back into Tobacco, I would say selling them in the first place was mistake so I am back in:

  • Altria Group
  • Philip Morris

I really do not understand why the stock price of Altria gets so hammered. Clearly the Juul deal was way too expensive and not best investment but still the cashflow they are generating is still impressive. Altria is now also the first stock where I am saying that I am fully invested and I am not planning to add any additional stocks. Also Phillip Morris is on my watch list in the coming weeks, where I want to double my current holdings.

Portfolio Overview

Outlook

Well as I said I am still not convinced about this rally, and I will only buy stocks that are in my eyes super cheap and where I am convinced that they will do very well. Best example is maybe Prudential Financial (PRU) , I was able to get them at a price of 44 USD or also the price level of BASF at around 45 EUR is just way undervalued. On the other side companies like JNJ or PEP are extremely overvalued at the moment.

Also I will have a look at companies like NEE or AVGO, which are fast growing companies and pay a nice dividend. But again they also have to be cheap, and they are not at the moment. I still think that we can see the Dow Jones back in the 18 000 Points range this year, but I am also convinced and that’s why I will keep investing that we will see the Dow Jones or S&P way above the January/mid February level in 1 to 2 years. Clearly there will be a short and heavy depression but the recovery will be also very impressive.

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Disclaimer: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in ...

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