Hi readers, 👋
The earnings season from the hyperscalers (Amazon Web Services (AWS), Microsoft Azure, and Google Cloud) has been exceptionally strong, indicating an accelerating pace of Cloud growth fueled primarily by AI adoption.
These numbers are staggering: in Q3 2025, Google Cloud revenues jumped 34% year-over-year, while Microsoft Cloud continued its rapid scale with growth of 29%. Even the market leader, AWS, saw its growth re-accelerate to over 20% year-over-year.
This collective rebound signals a broader recovery and powerful tailwind for the entire Software as a Service (SaaS) sector, which is fantastic news for tech stocks overall. As a result, I initiated a first tranche purchase of Salesforce this month (November) to gain exposure to this enterprise recovery.
In October, I also executed some significant portfolio reallocations. I exited two of the biggest underperformers in my portfolio, realizing a painful total loss of nearly €6,000 / $7,000 (more details below). While that figure is substantial, this move is essential portfolio hygiene. Crucially, realizing these losses creates tax benefits by accumulating losses that can be offset against future gains from profitable stock sales.
While my default strategy remains buy-and-hold, I’ve learned that it sometimes makes strategic sense to redeploy capital that is simply not performing toward opportunities where my return expectation is significantly higher.
My monthly income with dividends in October:
My investment approach is simple and consists of three pillars:
- Active income.
- Passive income.
- Conversion.
Dividends fall into the last two categories. They are passive because they provide a cash flow without the need to go to work. Additionally, they are an essential pillar for conversion since they can be reinvested to generate even more income in the future. That is the Theory. Now, let’s get down to practice.
This month, my cash-flow approach generated the following income through dividends:
So overall:
- the total monthly income with dividends in October (after taxes) was: € 299.27 / appr. $ 347
- compared to last year, the dividend growth was disappointing (– 8 % YoY). The reason for this is that Diageo pays its dividend in December instead of October, which means I am missing out on approximately € 50 in cash flow. With this dividend, growth would have been +8 %. Ultimately, however, this is only a minor footnote. It has no impact on the year-end figures, of course.
- ⌀ monthly dividend income (ttm): € 696.80 / appr. $ 807
- ⌀ monthly dividend income (ttm) compared to the previous month: – 0.3 %.
Here is the full picture:
The following part is for paid subscribers only. It contains an overview of the stocks I purchased in October and some more portfolio details.
Since this report contains valuable/personal insights, I want to restrict access to paying subscribers only. I invest a lot of time and effort into writing these pieces.
So if my work is worth the price of a coffee to you, it would go a long way in keeping me motivated and providing even more insights! ☕️
Since I’m just starting, I’ve set the lowest fee and am offering a discount for the first 10 paid subscribers. So now is the perfect time to join! 💡✨
Be one of the first supporters and grab the discount by clicking this link:
Best,
