serkapon

that seems wrong? or maybe I'm crazy

BN

I realized they were a major tax drag, and while psychologically encouraging they were financially inefficient. I still like dividend payers but as you can see most of them sport a very small dividend yield if any at all

Hi all, I'm a new member. This is my portfolio. Used to be a dividend growth investor but I "grew out" of that strategy. Currently looking to consolidate into 12-15 positions as well as reduce exposure to U.S stocks due to estate tax concerns as a NRA. Would love your comments and ideas. Ticker Weight Why should it compound? GOOG 10.83% Network effects, Gemini, ad platform scale, huge free cash flow reinvestment + optionality BN 8.51% Fee-bearing capital growth + carry + recycling capital in long-life assets + disciplined allocation AVGO 7.86% Deep customer entrenchment + pricing power + high FCF + accretive M&A + shareholder returns FRFHF 7.55% Underwriting + float + opportunistic capital allocation + long-term compounding via investments TSM 6.36% Process/scale moat + capex barrier + customer entrenchment + structurally rising silicon content NVO 6.34% Category leadership + manufacturing/clinical moat + long-duration demand growth + global distribution scale META 6.12% Attention/graph scale + ad efficiency + high incremental margins + buybacks/reinvestment AMZN 6.10% Platform flywheel + logistics scale + high-margin AWS/ads + reinvestment at massive scale IBKR 5.22% Scale economics + automation + net interest + increasing assets/accounts + sticky active users V 5.09% Network effects + volume growth tied to GDP + operating leverage + very high ROIC BKNG 4.52% Marketplace scale + brand + high take-rate economics + strong free cash flow KLAC 4.38% High switching costs + process complexity tailwind + service revenue + capex intensity as barrier SNPS 4.32% Deep switching costs + mission-critical workflow + pricing power + recurring licensing SAFRY 4.10% Huge installed base + long aftermarket/service tail + high switching costs + air traffic growth URI 3.86% Scale + dense branch network + fleet utilization + pricing power + high ROIC reinvestment FER 3.08% Contracted/regulated cash flows + long-duration concessions + inflation linkage + capital recycling INVE.B 2.50% Compounds via high-quality underlying businesses + long-term capital allocation + low turnover TEA.AX 1.63% Skilled trade services + essential maintenance/shutdowns + recurring revenue from blue-chip industrial clients PRX.AS 1.63% Fee income + investing platform + compounding via reinvestment and acquisitions