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C’est un portefeuille très hétéroclite dis-donc ! 🙂
Beaucoup de mélange entre des titres très technos, des bons titres payeurs de dividendes plus classiques, et d’autres titres dont je n’ai jamais entendu parler (comme EVE et G)
dans tes autres placements tu es aussi très hétéroclite 🙂 (prêts, crypto-monnaie)
y a-t-il une raison à ces placements originaux ?
It is very difficult, if not impossible, to make predictions about the direction a currency will take in the future. All we know is that in the past the CHF has very often been a strong currency, known as a safe haven, while the dollar has rather been a weak currency, with expansive monetary policies. So the USD/CHF pair is structurally bearish.
Personally, from an equity-oriented perspective, if you choose your shares in the USA, all you need to do to protect yourself from this problem is to focus on international companies, which are heavily exposed abroad (and which even benefit from a weak dollar). It should also be noted that even by buying "Swiss" you are also exposed to exchange rate risk, since our country is naturally turned towards the outside world. Nestlé makes most of its turnover abroad, for example.
What worries me most in the US is not the dollar, but rather the extreme valuations of many stocks. I am in the process of completely changing my portfolio because of this. I will give more information on this subject soon.
More info:
Protect yourself against exchange rate risk by investing globally
Hi
I had this stock, but I sold it because the company was melting its cash reserves. Now it is true that the dividend is interesting (it was already before) and the price seems to have stabilized (you don't buy a falling knife). I would perhaps wait until the end of the year to see if the situation has stabilized both in terms of fundamentals and price.
I would add that a strategy based on low PBs is not bad in itself, on the contrary, but you have to be aware that it implies high volatility. Mikron denies this for now but you never know...
So if you are looking for something defensive, choose stocks that have been paying a growing dividend for many years, at least 2%, with a payout ratio of less than 70%. You will see that this will automatically eliminate almost all cyclicals!
Hi
Defensive stocks are supposed to perform better in a market downturn.
Indeed this stock has a low beta, however I would not say that it is what would come to mind first when talking about defensive stock. We are still in an industrial and techno sector. And then the PE ratio is really very high, while the dividends are miserable and decreasing in addition. A low PE and an average and increasing dividend is better to play a defensive role.
On the other hand, you are right to point out that the title offers a low P/B, and to that we must also add a low P/S. This is clearly better. The debt is also low, which avoids playing on a leverage effect. The P/FCF is also reasonable.
In short, profits have fallen since 2012, but the price has remained the same, so the PE has risen. It does indeed seem that the book value is playing its role as a shock absorber.
In the end, look at the graph over 30 years… it’s not really defensive. But it’s hardly moved since 2002. Maybe it won’t go down anymore, but maybe it’ll stay flat for another 10 years…
and to add a little layer…
The so-called Warren Buffett ratio is at a new record.
even if it's not really yet at a new record, it's true that it's very high... it's really starting to get hot!
I misread... I thought it was a US deposit... But we are talking about US shares...
I assume that if we separate the assets into several accounts it doesn't change anything...
No information on this subject but for non-residents I don't really see the purpose of this rule... You just have to inform your spouse of the accesses or give the signature and if necessary he transfers the assets without informing of the death... Or maybe there is something I'm missing...
In this last case just check the securities transfer fees. We often forget to do this when we open an account and then we are a prisoner of our broker.
IBM is taking a bit of a beating with its stock price and earnings falling.
As already said, we must be wary of falling knives. Especially since the market is clearly overheating.
That being said, it is a very nice company, very resilient and there are not many quality stocks available at the moment. From a long-term dividend-oriented perspective, it is still interesting.
I already have some and I don't have the principle of reinforcing, on the other hand I think that this title deserves to be monitored with a view to a future purchase, if one does not already have one.
Let's see what the algorithm will say this weekend.
Small clarification for IB
1) no minimum fee of $10 per month if the account is over $100,000
2) if under 25 years old: minimum fee 3 USD per month
3) Fees only apply if transaction fees fall below $10
Hello, I don't know this broker, apparently Dutch (?). It is certainly cheap, but still more expensive than Interactive Brokers whose reputation is well established. As for choosing a foreign broker, I prefer the latter. And be careful, if I read correctly, for the dividend (€1.00 + 3.00%), these are processing fees. So it would be added to the withholding taxes. In any case, you cannot escape tax, even with a foreign broker. For example, with Interactive Broker, for a US share, I have a withholding of 15% for the US tax authorities only, but I will be taxed as income for the rest by the Swiss tax authorities during the annual declaration.
So if these are dividend processing fees applied by the broker, it's far from great! Curious to have Mystik's feedback on this point.
