MRetInvest

Florian Rabe

Performance

  • +13.0 %
    since 2018-09-11
  • +21,2 %
    1 Jahr
    -0,22 %
    Heute
    -9,0 %
    Max Verlust (bisher)
    0,5x
    Risiko-Faktor
    ;
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    • The current portfolio
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Trading Idea

This wikifolio is focused on the investment in stocks, particularly in shares of companies in special situations. By way of example, special situations may include situations where a company’s profits are expected to produce a positive turnaround; companies that may become takeover targets; or companies whose profits are expected to exhibit strong growth over the coming years. Fundamental analysis is key to the selection of investments. Important criteria would include the perceived quality of management; growth of market and relative market position of the company; strength of the balance sheet (gearing ratio, net debt/cash position), and parameters like the price earning ratio and the dividend yield. Technical (chart) analysis is planned to get used to enhance the timing of the investment decisions (e.g. trend channels, MACD and relative strength indicators). Information sources used as input into the selection would include various publications including annual reports and financial statements published by companies; stock market letters; and daily publications. In the absence of exceptional circumstances, the portfolio is planned to hold no less than 10 different investments at any point in time in order to benefit from risk diversification; but usually also not more than 30.
The holding period may be longer than one year for the minority of investments but is expected to usually range from one to several months. In exceptional cases stocks may also get sold already after a few days (e.g. when stop loss orders kick in, or when exceptional profits have been made right after investing into a stock).
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Master data
Symbol
WFMAXRETRN
Date created
2018-09-11
Index level
High watermark
126.5

Rules

wikifolio labels

Investment Universe

Trader

Florian Rabe
Registered since 2018-03-16

Decision making

  • Technical analysis
  • Fundamental analysis
  • Other analysis

Comments

Comment

Yesterday was a really black day for MRetInvest, overall with a loss of 2.5%, and Aumann, Okta, Affimed all with losses of 4% and more. bpost also came down strongly but partly explained by the dividend payment. We are selling a part of bpost as the stock has lost momentum and the market is generally in somewhat shaky condition, so the risk of getting into a real loss position is becoming too big. All other stocks will need to be watched closely....

All of this of course in the context of a really weak market. Today is a little more constructive, watch out for further news around the trade conflict. Generally this also has to be seen in the context of a very strong few months behind us. A consolidation is not unusual this time of the year.

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Comment

Today I streamlined the portfolio a little, and sold minor positions in order to make space for some purchases. I am trying to get little starting positions in Chinese stocks with strong growth (Momo, 51job), increased positions in GK Software and FACC, and created the cash by selling Jost (very good stock but was a very small position and we had made a great return on it) , IBM (also nothing wrong with IBM but also a relatively small position with good profit) and a little bit of bpost (where we keep most of the shares but due to the recent price increase, the position was now well above 11% weight of the portfolio and I want to keep it around 10%).

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Comment on OKTA INC. REGISTERED SHARES CL.A O.N.

Bought a full position in OKTA today. The stock came down strongly to day as a reaction to the results announcement and I thikn that reaction is overblown. The short term forecast may be impacted by somewhat higher expected costs but those costs go into growing their market position. And the revenue and profit figures were actually better than expected. This is a company with potential to be a true disruptor as they build a fantastic market position in the security business around anything cloud related.

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Comment on GFT TECHNOLOGIES SE

Sold a part of the GFT position today. Still a good stock but not moving as fast as I had hoped, and I am freeing up cash to buy a full position in OKTA

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