LVMH, Hermès, Schneider, Airbus, Legrand, Air Liquide, EssilorLuxottica, Saint Gobain, Euronext, Axa, Total, L’Oréal, Dassault Systèmes
A lot of old-school stuff, for stock picking I’m really aiming for buy & hold of quality companies, I almost never trade… Apart from Euronext which I bought recently with some dividends and Total which I entered about a year ago, the rest are companies I’ve held for at least 3 or 4 years.
Dassault Systèmes, Hermès or LVMH have taken a beating recently, Essilor is struggling a bit, but it doesn’t bother me at all, maybe Dassault Systèmes, the one I’m least sure about
Indeed, that reassures me a bit. And I was actually able to benefit from AI / YouTube / this forum. To learn this field, which is really quite complex.
What’s really complex is the Crypto part. In some specialized topics, I really don’t understand anything…
As long as we stick to classic wrappers (PEA, PEE, AV, CTO), and simple instruments (euro funds, ETFs), it’s very easy, once you get over the initial shock (including the tax treatment of wrappers in most cases). After that, we have SCPIs, structured funds, stock picking, which are more complex to grasp. But nothing, and especially not efficiency, prevents you from sticking to the simple basics…
Amusing qualifier! Warren Buffett might agree, but that’s how he became rich. I’m happy to follow in his footsteps…
I hope the markets won’t penalize our good French stocks « independent of the state » too much (what about taxes and taxation even if the state isn’t a shareholder?). We have 6 out of 13 in common, by the way.
Speaking of which, how do you track the performance of your 13 stocks? With the displays from the bank that holds your PEA or that old-fashioned thing called an Excel file? (I’m asking because Fortuneo is terrible at displaying the true performance of stock picking).
In any case, they don’t oppose installing air conditioning in hospitals while having it at home themselves. I’m not asking them to be Amish like the minister, but to be consistent. So yes, I stand by it, I have more respect for the Ardèche hippie with their little constructions or thick sweater—at least they actually practice their life philosophy and have values, whether we agree with them or not.
Hello Agnes, I was simply talking about the minister’s hypocrisy because there’s a huge gap between her words and her real life, I wasn’t targeting anyone in particular. I see that the subject is sensitive here
Let’s say I have no respect for those who want to impose a penalizing lifestyle on others without adopting it themselves. The organization of current society isn’t very healthy, precisely because the energy needed just to produce enough to survive is quite insane. Coal or oil changed everything.
I believe it’s also 1000 liters of water for 1kg of avocados, it better rain… And if you do your farming alone or with family, you’re going to devote all your time to it. One of the benefits that capitalism brought is this one, you’re not forced to spend a day harvesting or preparing food, but the trade-off (because there’s always one), is that you become a slave to time, obsessed with it in the form of productivism, producers/distributors and that it also generates either overly demanding jobs or mind-numbing ones.
By the way, personally what I’m seeking through investment is to be able to tell myself not « today I’m doing nothing, » but « I can completely disregard the current rules of the game. » As for me with water bills under €20 and who can’t stand temperatures above 23 I must be super eco-friendly without knowing it or greedy haha. But ecology will impose itself because it will be necessary and so that brings us back to the subject because we’ve strayed quite far, at some point, leaders will have no choice and will be forced to stop making bad choices and the situation will start to reverse in the right direction and investors will come back at that moment.
There’s a simple way to determine a good ecological approach from a bad one: it makes you save money instead of losing it, and when you save money that doesn’t come from subsidies, it means your assumptions about the nature of things are correct.
Dassault Systèmes will bounce back. Knowing that nuclear weapons are still on MS-DOS (I’m exaggerating, but it’s almost that), software vendors don’t have to worry once the client is equipped.
Besides, for me personally, it’s often so annoying to change that I only change when I have no choice or when I get robbed
When you see the beating Schneider Electric just took over two days simply for acquiring a US software publisher (-13%… and the day isn’t over yet!), you can tell it’s going to take time. Yet, these design software tools are indispensable today (who still uses the drawing board I suffered over when I was studying?) and it can enable them to control the entire design-production chain, from the digital twin to the final post-installation tests.
No no, I wasn’t reacting sharply, much less feeling personally attacked (that’s the disadvantage of writing, it lacks a lot of nuances…).
you don’t have a small garden, nor teenagers who are fans of long showers at home, do you (the myth of the dirty teenager is nonsense!). And if you find a place under 23 degrees all year round, I’m interested.
I completely agree on this point: ecology will win when it becomes more profitable than the opposing side. It’s depressing… especially since it might happen too late.
Unfortunately, some people (including all our politicians) have difficulty taking into account the monstrous long-term costs or those not immediately translatable into hard cash (lobbies, on the other hand, play on the immediate). On people’s health (and therefore the healthcare system), on the consequences of climate disruption on housing, destruction, upcoming food shortages, etc. Just look at the Duplomb law. How can anyone defend high-dose pesticides when all scientists are crying out about the carnage? (dirty word: « scientists »)
It’s mainly the investment price, it’s almost what Stellantis is currently spending to reorganize.
But Schneider is well managed, they’ll quickly resume their ascent. Besides, it’s -15% but I still remember when I bought it at 200 and that’s not so long ago
It’s not about camps, really. When you work to create positive options in people’s lives, they’ll adopt them naturally. When you want to ban things or force usage to their disadvantage, they’ll resist.
That’s the problem with ideologues or totalitarians—they think there’s an enemy and want to force usage quickly without taking individual circumstances into account. Relax, if your thing is electric cars, we’ll get there naturally. Focus on developing charging stations, supply chains, and technologies. Don’t mandate all-electric by 2028 where it’ll be counterproductive, or ban polluting cars in cities if you don’t want to kill the local economy. You can compare it to cars versus horses or railways—people probably laughed at first, but it changed people’s lives. And the horses suffered less and ended up on plates…
Same thing with the pesticides example—the farmer needs a guarantee that he won’t lose out. If you can do that, then he’ll adopt it because he doesn’t want to poison people either, just survive in a capitalist world like all of us.
After a +50% gain in the first half of the year, my PEA has lost 10% from its highs.
I’m currently reallocating my PEA to large-cap stocks like LVMH, Essilor, Pernod Ricard, FDJ.
I’ll do my stock picking on small-cap stocks in my PEA PME.
I have a large position in an oil company that’s stagnating, but if we see the glass half full, it’s not declining. I sell a small portion every 3 months, but I’m thinking of making a large sale to reinvest in LVMH.
I rebalanced toward these large caps fairly recently, so the losses (sometimes gains) aren’t too significant.
I still want to highlight one point: even though the France ship is navigating through icebergs, certain companies like LVMH conduct their business outside of France.
Think again, a real environmentalist is someone who votes for Sardine Ruisseau.
The real environmentalist uses a phone, an electric bike, which consumes quite a bit of lithium. They avoid traveling too much by relying on Uber Eats.
Sometimes, they’re afraid of polluting the planet so they don’t have children and get a vasectomy.
They don’t like the heat and go to cool off in their country house that they use 2 or 3 weeks a year while the working-class folks who vote LFI or RN struggle to find housing.
They’re against capitalism but for the carbon tax. Sometimes they read that companies trade carbon credits (or pollution rights) but it’s best to turn the page of the newspaper.
Wind turbines and solar panels are ecological. On summer days with a bit of wind it’s cool, we produce really ecologically. They’ll still charge their electric car and bike at night though.
Otherwise, food-wise you have to buy organic wrapped in plastic. And those farmers who grow cereals or raise livestock are useless. We could have put solar panels in those fields.
Many people don’t understand REAL ecology and, through these lines, it’s necessary to remind them of it.
This is the case for many of the fine French companies I have in my portfolio. But they are still suffering from the current widespread distrust towards France and its policies.
Proof: CAC 40 -4.4% since the beginning of the year, STOXX 50 +6.7% (and even then, it’s weighed down by many French companies…), that’s an 11% gap!
My worst line on large caps is LVMH, I’m down 17% but I’m actually planning to add more. Pernod Ricard, I’m down 4.5%
I entered during the decline phase on large caps so I don’t have the same view as you.
It’s often said that you shouldn’t look at your portfolio. Would you buy these stocks today at this valuation?
I also wanted to say that regarding the distrust of France, we need to be wary of companies too focused on France. Someone mentioned Orange for example. But there must be others.
That’s exactly what my LVMH line shows, unfortunately. -50%… But more than the relative loss, it’s the absolute loss that’s enormous (-€6000), because I made the mistake of averaging down several times between 700 and 800 euros. Yet I know the adage about the falling knife.
For me, right now, it’s Schneider Electric and Essilor that are whispering « buy me again »…
(the myth of the dirty teenager is nonsense!). And if you find a place under 23 degrees all year round, I’m interested.