DTRUY
DAIMLER TRUCK HLDG S/ADR
stock OTC ADR

# Rate My Asset Bundle: 50% T-bills, 10% Index, 15 Stocks
Structure:
* 50% 1-year US Treasury Bills around a gross 3.5% yield.
* 10% S&P 500 low-cost ETF of choice
* 15 stocks (2.7% equal weight): ADYEN, XYZ, ETR:ZAL, BVMF:CEAB3, DTRUY, VLVLY, CRM, SAP, HUBS, AMZN, META, ORCL, BKNG, ABNB, LOGI.
Rationale:
* **Adyen (ADYEN), Block (XYZ)**: US-EU payment terminal processor pair. Intended to complement each other across markets and reduce the risk of a single company taking the lead. Banking-like optionality in Block's Cash App that provides an easy way for retail customers to transfer money.
* **Daimler Truck Holding AG (DTRUY), AB Volvo (VLVLY)**: Truck/bus, commercial freight vehicle producers. Less disruption risk from cheap vehicles, heavier capital intensity business. Tesla's Semi news has toned down, indicating difficulties with this vehicle category, ceding resilience for traditional freight vehicles.
* **Zalando (ETR:ZAL), C&A Modas S.A. (BVMF:CEAB3)**: Fast-fashion stock pair, LATAM and EU exposure. C&A is semi-vertically integrated, while Zalando is the e-comm disruptor. Shopping as a psychological release valve and decent social status signal - as opposed to alternative eco signals. C&A is my personal bias as I like the price to quality mix of the clothes, 70% of their manufacturing comes from Bangladesh, China and Turkey.
* **Salesforce (CRM), SAP (SAP), Hubspot (HUBS)**: ERP and sales software providers. SAP and CRM hold the majority of enterprise-level customers, while HUBS is targeting SMBs but moving up in the ladder of business customers. All 3 companies have seen an erasure of forward premiums; However, their complex software makes them resilient to AI disruption.
* **Amazon (AMZN), Meta (META), Oracle (ORCL)**: Mass market B2B and B2C hyperscalers oversold on AI fears. META and ORCL are a social media pair capturing most of the world audience with Facebook, Instagram, W-App, and TikTok infrastructure. ORCL and AMZN some of the largest datacenter providers, currently trading at attractive valuations, and away from Microsoft's ChatGPT risks e.g. capturing casual use with the extrapolation that it will translate to seat-based pricing.
* **Booking (BKNG), AirBnB (ABNB)**: Travel discovery and booking pair. Attempts to disrupt their business such as Google Travel have largely failed (no, we are not vibing a competitor here) and the companies remain the go-to destination for retail and business travelers. The industry itself is cyclical and people that skip travelling for one year tend to compensate later.
* **Logitech (LOGI)**: PC hardware peripherals for commercial and retail customers. Low risk, fair value, EU exposure.
The companies and rationale I am pitching are meant to offer a combination that minimizes exposure to hot sectors, divide the investment risk between regions, as well as try to capture businesses with staying power and their disruptor counter-parts. You can add or change to this portfolio any way you see fit, but I expressly stayed away from sectors like semiconductors, energy, and popular stocks.
The portfolio's gross target is 11%, that is the goal and depending on your tax jurisdiction and a 27.5% capital gain should net 8% excluding transaction costs. This means that should the portfolio attain its goal by the end of the year, investors may want to consider treating it as a single asset and evaluate its risk structure as such, not tweak individual positions.

# Rate My Asset Bundle: 50% T-bills, 10% Index, 15 Stocks
Structure:
* 50% 1-year US Treasury Bills around a gross 3.5% yield.
* 10% S&P 500 low-cost ETF of choice
* 15 stocks (2.7% equal weight): ADYEN, XYZ, ETR:ZAL, BVMF:CEAB3, DTRUY, VLVLY, CRM, SAP, HUBS, AMZN, META, ORCL, BKNG, ABNB, LOGI.
Rationale:
* **Adyen (ADYEN), Block (XYZ)**: US-EU payment terminal processor pair. Intended to complement each other across markets and reduce the risk of a single company taking the lead. Banking-like optionality in Block's Cash App that provides an easy way for retail customers to transfer money.
* **Daimler Truck Holding AG (DTRUY), AB Volvo (VLVLY)**: Truck/bus, commercial freight vehicle producers. Less disruption risk from cheap vehicles, heavier capital intensity business. Tesla's Semi news has toned down, indicating difficulties with this vehicle category, ceding resilience for traditional freight vehicles.
* **Zalando (ETR:ZAL), C&A Modas S.A. (BVMF:CEAB3)**: Fast-fashion stock pair, LATAM and EU exposure. C&A is semi-vertically integrated, while Zalando is the e-comm disruptor. Shopping as a psychological release valve and decent social status signal - as opposed to alternative eco signals. C&A is my personal bias as I like the price to quality mix of the clothes, 70% of their manufacturing comes from Bangladesh, China and Turkey.
* **Salesforce (CRM), SAP (SAP), Hubspot (HUBS)**: ERP and sales software providers. SAP and CRM hold the majority of enterprise-level customers, while HUBS is targeting SMBs but moving up in the ladder of business customers. All 3 companies have seen an erasure of forward premiums; However, their complex software makes them resilient to AI disruption.
* **Amazon (AMZN), Meta (META), Oracle (ORCL)**: Mass market B2B and B2C hyperscalers oversold on AI fears. META and ORCL are a social media pair capturing most of the world audience with Facebook, Instagram, W-App, and TikTok infrastructure. ORCL and AMZN some of the largest datacenter providers, currently trading at attractive valuations, and away from Microsoft's ChatGPT risks e.g. capturing casual use with the extrapolation that it will translate to seat-based pricing.
* **Booking (BKNG), AirBnB (ABNB)**: Travel discovery and booking pair. Attempts to disrupt their business such as Google Travel have largely failed (no, we are not vibing a competitor here) and the companies remain the go-to destination for retail and business travelers. The industry itself is cyclical and people that skip travelling for one year tend to compensate later.
* **Logitech (LOGI)**: PC hardware peripherals for commercial and retail customers. Low risk, fair value, EU exposure.
The companies and rationale I am pitching are meant to offer a combination that minimizes exposure to hot sectors, divide the investment risk between regions, as well as try to capture businesses with staying power and their disruptor counter-parts. You can add or change to this portfolio any way you see fit, but I expressly stayed away from sectors like semiconductors, energy, and popular stocks.
The portfolio's gross target is 11%, that is the goal and depending on your tax jurisdiction and a 27.5% capital gain should net 8% excluding transaction costs. This means that should the portfolio attain its goal by the end of the year, investors may want to consider treating it as a single asset and evaluate its risk structure as such, not tweak individual positions.