frommi

IBKR. Maybe check your trading rights?

2026 Calls on EVO

Evolution AB, you rarely can buy a company growing at 10-15%/year for a P/E <15. It has a large moat in its sector and the sector is also projected to grow double digits. It had lots of short term headwinds (tax rate, political turmoil in Georgia, Cyber attacks in Asia) this year. BATS/IMB are also still very cheap.

Since there are probably a lot of cyclical companies in a swiss ETF i doubt it.

Tried different stuff and ended up buying options on the future. Ideally i would just go short the currency in the IB account, but they don't let me do that anymore (probably because of EU regulations). Buying futures you need cash in the account in case the future moves against you (otherwise you get margin called), so buying options was the only way to do it for me.

When its in the news, everybody knows it already. Lets see what happens. Long USD is the trade since 2009, so probably this analyst is VERY late to the party. And since i am hedged, the direction the currencies take is not that important anymore. I just don't want to wake up one day and have a 10% loss in my portfolio because of the currency, for example because the war in Ukraine ended or something like that.

PM,MDLZ,PEP,LKQ,TAP. But european companies like STO:EVO, CPH:STG or IMB, BATS, DCC are very cheap so i also bet on them.

As a european I started to hedge my USD exposure and limit investments in the US. I doubt this currency trend will hold, over the past 30 years the USD tanked during every republican president, i doubt that this time is different.

You are putting yourself into a very vulnerable spot if you do your investing that way. Of course it can go right and you make tons of money. But what most investors these days forget is that stocks can also go down and for long timeframes. And in these times this type of stock will often get crushed down to realistic valuations. Just look what happened 2000-2003. On top of now holding a stock with losses, it can also not use its stock as a currency. Good example is KMI, it took years until it recovered and it pretty much followed your playbook for a long time. Heck even Kraft Heinz was playing that game and look how that ended.

added to Evolution AB. Top#3 position, will probably make it #1 if it stays that cheap.

After holding Altria for 7 years (and adding a lot on the drops in between) i finally sold out. Think it is fairly valued here and you don't get compensated for all the risks the business faces at this point in time. (IQOS, illicit vapes, pouches taking over, regulation, heavy volume declines etc.). Given all the shit that has happened after i started buying it was a satisfying investment that beat the market over the past 3 years. Still own big positions in BATS, IMB and PM.

bought more MDLZ

More TAP and CPH:STG

bought even more STO:EVO and a little more CABO

BP,TAP,SHEL,OZK,CPH:STG,STO:EVO. Sold most of my REIT's for that except Sila and NXRT.