{"id":8572,"date":"2024-05-19T08:50:00","date_gmt":"2024-05-19T06:50:00","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/granolas-the-magnificent-seven-of-europe\/"},"modified":"2024-09-17T08:31:48","modified_gmt":"2024-09-17T06:31:48","slug":"granolas-the-magnificent-seven-of-europe","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/granolas-the-magnificent-seven-of-europe\/","title":{"rendered":"Granolas &#8211; the Magnificent Seven of Europe"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 5<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span>\n<p class=\"wp-block-paragraph\" data-block-type=\"core\"><br\/><br\/>Granolas are not just delicious muesli.\nThey are also a dynamic stock eleven from Europe that can compete with the Magnificent Seven from the USA.\nWhat makes granolas so special?\nAnd why do more and more investors see them as a relevant investment option?\nGet a deep insight into the world of granolas in this article.    <\/p>\n\n<!--more-->\n\n<nav class=\"wp-block-stackable-table-of-contents stk-block-table-of-contents stk-block stk-6cd00f3 stk-block-background\" data-block-id=\"6cd00f3\"><p class=\"stk-table-of-contents__title\">And that&#8217;s what the article is about:  <\/p><ul class=\"stk-table-of-contents__table\"><li><a href=\"#was-sind-die-granolas\"><a href=\"#was-sind-die-granolas\">What are the granolas?<\/a><\/a><\/li><li><a href=\"#was-sind-die-magnificent-seven\"><a href=\"#was-sind-die-magnificent-seven\">What are the Magnificent Seven?<\/a><\/a><\/li><li><a href=\"#welche-unternehmen-gehoren-zu-den-granolas\"><a href=\"#welche-unternehmen-gehoren-zu-den-granolas\">Which companies belong to the Granolas?<\/a><\/a><\/li><li><a href=\"#warum-sind-die-granolas-fur-anleger-interessant\"><a href=\"#warum-sind-die-granolas-fur-anleger-interessant\">Why are granolas interesting for investors?<\/a><\/a><ul><\/ul><\/li><li><a href=\"#wie-kann-ich-in-die-granolas-investieren\"><a href=\"#wie-kann-ich-in-die-granolas-investieren\">How can I invest in the granolas?<\/a><\/a><\/li><li><a href=\"#welche-alternativen-zu-den-granolas-gibt-es-in-europa\"><a href=\"#welche-alternativen-zu-den-granolas-gibt-es-in-europa\">What alternatives are there to granolas in Europe?<\/a><\/a><\/li><li><a href=\"#zusammenfassung-granolas-die-magnificent-seven-europas\"><a href=\"#zusammenfassung-granolas-die-magnificent-seven-europas\">Summary Granolas &#8211; the Magnificent Seven of Europe<\/a><\/a><ul><\/ul><\/li><\/ul><\/nav>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-3d1c16a\" id=\"was-sind-die-granolas\" data-block-id=\"3d1c16a\"><h2 class=\"stk-block-heading__text\">What are the granolas?<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">The Granolas are a group of eleven European equity heavyweights.\nThe name GRANOLAS is an abbreviation of the initial letters of these companies.\nThe name was coined by Goldman Sachs in a research report on April 28, 2020.  <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">In the report, the bank&#8217;s strategists wrote: &#8220;In the US, the technology sector is likely to remain the long-term winner.\nIn Europe, it is more likely to be a combination of structurally strong and\/or stable sectors: Healthcare, Consumer Staples and Technology.\nWe have named the largest stocks in these sectors the &#8220;GRANOLAS&#8221;: GlaxoSmithKline, Roche, ASML, Nestl\u00e9, Novartis, Novo Nordisk, L&#8217;Or\u00e9al, LVMH, AstraZeneca, SAP, Sanofi.\nThey may not ALL do well, but they generally have some growth and\/or stability in earnings and an annual return in the 2 &#8211; 2.5% range&#8221;.   <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-33f937a\" id=\"was-sind-die-magnificent-seven\" data-block-id=\"33f937a\"><h2 class=\"stk-block-heading__text\">What are the Magnificent Seven?<\/h2><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-57306f3\" data-block-id=\"57306f3\"><p class=\"stk-block-text__text\">The term &#8220;Magnificent Seven&#8221; refers to a group of seven technology companies from the USA: Apple, Amazon, Google (Alphabet), Microsoft, Facebook (Meta), Tesla and Nvidia.\nThe term &#8220;Magnificent Seven&#8221; alludes to the famous western &#8220;The Magnificent Seven&#8221; from 1960.\nThe movie is about a group of seven heroic gunslingers who defend a Mexican village community against bandits.\nLike the characters in the film, who stand for justice and protection, these companies symbolize technological progress and economic power in the business world.   <\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-d2b454a\" id=\"welche-unternehmen-gehoren-zu-den-granolas\" data-block-id=\"d2b454a\"><h2 class=\"stk-block-heading__text\">Which companies belong to the Granolas?<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">As previously mentioned, the Granolas include eleven companies: GSK (GlaxoSmithKline), Roche, ASML, Nestl\u00e9, Novartis, Novo Nordisk, L&#8217;Or\u00e9al, LVMH, AstraZeneca, SAP and Sanofi.\nThey come from various sectors such as healthcare, consumer goods, technology and luxury goods. <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">An investment in a basket of these eleven shares at the beginning of 2021 has brought you a gain of 65.7% three years later.\nIn a <a href=\"https:\/\/www.gsam.com\/content\/dam\/gsam\/pdfs\/common\/en\/public\/articles\/market-pulse\/emea\/2024\/march-international-market-pulse.pdf?sa=n&amp;rd=n\" target=\"_blank\" rel=\"noopener\">report<\/a> from March 2024, Goldman Sachs therefore states: &#8220;Since 2021, the eleven stocks have also achieved the same performance as the highly praised Magnificent Seven from the USA.\nAt the same time, their prices have fluctuated only half as much.\nIn Goldman&#8217;s view, the Granolas also have good prospects for the future.\nThis is because they invest three times more in their growth than the market and are reasonably valued at 20 times their earnings.    <\/p>\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-f95e6d4\" data-block-id=\"f95e6d4\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-7884\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2.webp\" width=\"1200\" height=\"800\" alt=\"Granolas-the glorious-seven-from-Europe\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2.webp 1200w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2-800x533.webp 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2-315x210.webp 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2-768x512.webp 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2-360x240.webp 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184645\/Smoli-Blog_Granolas-2-400x267.webp 400w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/span><\/figure><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-3e9d22b\" id=\"warum-sind-die-granolas-fur-anleger-interessant\" data-block-id=\"3e9d22b\"><h2 class=\"stk-block-heading__text\">Why are granolas interesting for investors?<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Overall, the Granolas offer investors the opportunity to invest in high-quality, high-growth and relatively low-valued companies from Europe.\nThey are also less volatile than US technology stocks.\nThey offer investors several advantages over other stocks or the Magnificent Seven.  <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-51ef5b6\" id=\"starkes-gewinnwachstum-der-granola-unternehmen\" data-block-id=\"51ef5b6\"><h3 class=\"stk-block-heading__text\">Strong profit growth for Granola companies<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">The Granolas companies have above-average earnings growth.\nAnalysts who follow Granola shares <a href=\"https:\/\/de.investing.com\/news\/stock-market-news\/granolas-vs-magnificent-7-europas-unterschatzte-champions-2550823\" target=\"_blank\" rel=\"noreferrer noopener\">expect<\/a> a compound annual growth rate (CAGR) of 7% until 2025.\nIn comparison, they expect the rest of the market (STOXX 600) to grow at less than 2%.  <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-22df690\" id=\"hohe-und-stabile-margen\" data-block-id=\"22df690\"><h3 class=\"stk-block-heading__text\">High and stable margins<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">The Granolas have high profit margins and robust balance sheets, which underlines their profitability and financial strength.<\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-ae933a5\" id=\"granolas-mit-nur-halb-so-hoher-volatilitat-wie-die-m-7\" data-block-id=\"ae933a5\"><h3 class=\"stk-block-heading__text\">Granolas with only half the volatility of the M7<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Compared to the US technology shares (&#8220;Magnificent Seven&#8221;), Granolas shares have a significantly <a href=\"https:\/\/www.gsam.com\/content\/dam\/gsam\/pdfs\/common\/en\/public\/articles\/market-pulse\/emea\/2024\/march-international-market-pulse.pdf?sa=n&amp;rd=n\" target=\"_blank\" rel=\"noreferrer noopener\">lower<\/a> price fluctuation range (volatility).\nThis is easy on your nerves. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-ad2ae35\" id=\"bewertungsabschlag-gegenuber-m\" data-block-id=\"ad2ae35\"><h3 class=\"stk-block-heading__text\">Valuation discount compared to M\/<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Despite their qualities, the Granolas are trading <a href=\"https:\/\/www.morningstar.de\/de\/news\/246757\/wie-man-mit-etfs-ein-granolas-exposure-erh%C3%A4lt.aspx\" target=\"_blank\" rel=\"noopener\">at a valuation discount of<\/a> around 30% compared to US technology stocks <a href=\"https:\/\/www.morningstar.de\/de\/news\/246757\/wie-man-mit-etfs-ein-granolas-exposure-erh%C3%A4lt.aspx\" target=\"_blank\" rel=\"noopener\">.<\/a> \nThey are therefore valued more favorably. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-d83b08f\" id=\"diversifizierung-durch-sektorvielfalt\" data-block-id=\"d83b08f\"><h3 class=\"stk-block-heading__text\">Diversification through sector diversity<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Unlike the Magnificent Seven, which focus on the technology sector, the Granolas cover various sectors.\nThe <a href=\"https:\/\/www.morningstar.de\/de\/news\/246757\/wie-man-mit-etfs-ein-granolas-exposure-erh%C3%A4lt.aspx\" target=\"_blank\" rel=\"noopener\">sector diversity<\/a> is high: the list mainly contains companies from the healthcare (32%), defensive consumer (26%), cyclical consumer (29%) and technology (14%) sectors.\nThis brings good diversification to the portfolio.\nThe granolas include global market leaders in their respective sectors, such as Nestl\u00e9 for food, LVMH for luxury goods, L&#8217;Or\u00e9al for cosmetics and Novo Nordisk for diabetes.\nThey also include some of the world&#8217;s largest pharmaceutical companies, primarily Roche.    <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-a5761f2\" id=\"hohe-marktrelevanz-in-indizes\" data-block-id=\"a5761f2\"><h3 class=\"stk-block-heading__text\">High market relevance in indices<\/h3><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Granolas account for around <a href=\"https:\/\/de.investing.com\/news\/stock-market-news\/granolas-vs-magnificent-7-europas-unterschatzte-champions-2550823\" target=\"_blank\" rel=\"noopener\">a quarter<\/a> of the market capitalization of the STOXX 600.\nThey contribute around 60% to its price gains in 2023, which underlines their importance for the European equity market. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-3fcc8b9\" id=\"wie-kann-ich-in-die-granolas-investieren\" data-block-id=\"3fcc8b9\"><h2 class=\"stk-block-heading__text\">How can I invest in the granolas?<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">So far, there are no ETFs that focus on granolas.\nSo you have no choice but to put together your own granola portfolio from individual stocks with the same weighting.   <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Alternatively, you could buy a sector ETF on the pharmaceutical industry and hold the other Granolas as individual stocks.\nThis is because six of the eleven Granolas belong to the pharmaceutical industry: Novo Nordisk, Novartis, AstraZeneca, Roche, Sanofi and GSK.\nThese are also the six largest positions in funds such as the SPDR MSCI Europe Health Care UCITS ETF (EUR) or the iShares S&amp;P 500 Health Care Sector UCITS ETF (USD).  <\/p>\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-f4b2b11\" data-block-id=\"f4b2b11\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-7886\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3.webp\" width=\"1200\" height=\"800\" alt=\"Granolas-the glorious-seven-from-Europe\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3.webp 1200w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3-800x533.webp 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3-315x210.webp 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3-768x512.webp 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3-360x240.webp 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184729\/Smoli-Blog_Granolas-3-400x267.webp 400w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/span><\/figure><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-b8ea7b4\" id=\"welche-alternativen-zu-den-granolas-gibt-es-in-europa\" data-block-id=\"b8ea7b4\"><h2 class=\"stk-block-heading__text\">What alternatives are there to granolas in Europe?<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">In a <a href=\"https:\/\/www.ubs.com\/global\/de\/wealth-management\/our-approach\/marketnews\/article.1610085.html\" target=\"_blank\" rel=\"noopener\">report<\/a> published in March 2024, UBS identified<strong>&#8220;Europe&#8217;s Magnificent Seven&#8221;<\/strong>.\nThese stocks are a different selection to the Granolas.\nFrom UBS&#8217;s perspective, <strong>ASML, Ferrari, Herm\u00e8s, L&#8217;Or\u00e9al, LVMH, Novo Nordisk and Siemens<\/strong> make up the &#8220;European Magnificent Seven&#8221;.\nWe are already familiar with some of these companies from Goldman Sachs&#8217; Granola selection.   <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">UBS believes that all seven companies offer unique business models and market positions that should enable them to deliver superior long-term revenue and earnings growth compared to the broader European market.\nIt sees these stocks as high-quality growth stocks that can help investors diversify their portfolios beyond the technology sector.\nThe companies are typically leaders in their global market segments and offer strong business models and excellent innovation.  <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">According to UBS, these companies not only have strong brands and pricing power, but are also likely to achieve stable profit growth and sustainable free cash flow in the long term.<\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-216de0b\" id=\"zusammenfassung-granolas-die-magnificent-seven-europas\" data-block-id=\"216de0b\"><h2 class=\"stk-block-heading__text\">Summary Granolas &#8211; the Magnificent Seven of Europe<\/h2><\/div>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Regardless of whether you invest in Granolas (Goldman Sachs) or the &#8220;European Magnificent Seven&#8221; (UBS): With this stock selection, you can invest in high-quality, high-growth companies with relatively low valuations.\nIn the past, their share prices have also fluctuated less than those of US technology stocks.\nYou are thus making a conscious stock selection that can &#8211; but does not have to &#8211; succeed.\nThis selection contradicts one of our <a href=\"https:\/\/www.smolio.ch\/wissen\/anlegen-fuer-anfaenger-mit-diesen-8-tipps-liegst-du-goldrichtig\/\">investment principles<\/a>, namely buying markets rather than individual stocks.\nNevertheless, it has proven its worth in recent years.    <\/p>\n\n<p class=\"wp-block-paragraph\" data-block-type=\"core\">Unfortunately, however, you can&#8217;t invest in all these securities at once with 1 ETF.\nSo if you want to invest in Granolas, you have &#8211; so far &#8211; had to buy individual stocks.\nWill the glorious seven from Europe continue to score in the future?\nOnly time will tell.     <\/p>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-3112f5f stk-block-background callout\" data-block-id=\"3112f5f\" data-block-type=\"core\" data-block-type=\"core\"><style>.stk-3112f5f{background-color:#02b875 !important;margin-bottom:40px !important}.stk-3112f5f:before{background-color:#02b875 !important}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-3112f5f-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4a4cbd5\" data-v=\"4\" data-block-id=\"4a4cbd5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4a4cbd5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4a4cbd5-inner-blocks\">\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-fe9674b\" data-block-id=\"fe9674b\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-827\" src=\"https:\/\/www.smolio.ch\/wp-content\/uploads\/2017\/08\/Vorsorgecheck-live_Einkommensu&#x308;bersicht-niedergelassene_Smolio-Wissen.png\" width=\"800\" height=\"566\" alt=\"Smolio pension check shows income in retirement with Pensions 2020\" title=\"\"><\/span><\/figure><\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4891e88\" data-v=\"4\" data-block-id=\"4891e88\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4891e88-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4891e88-inner-blocks\"><p data-block-type=\"core\"><div class=\"mautic-slot\" data-slot-name=\"c2a-blog-finanzdashboard\"><\/p>\n<h3>Mach den ersten Schritt zur finanziellen Unabh\u00e4ngigkeit<\/h3>\n<p> In einer Minute siehst du deine Verm\u00f6gensentwicklung und dein Einkommen w\u00e4hrend der Rente. <\/p>\n<p> <a href=\"https:\/\/cockpit.smolio.ch\/de\/vorsorgecheck\/start\/1\/\" target=\"_blank\" rel=\"noopener\">Rentenrechner starten<\/a> <\/p>\n<p><\/div><\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-83b6411 stk-block-background\" data-block-id=\"83b6411\" data-block-type=\"core\" data-block-type=\"core\"><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-83b6411-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-f2ad0b4\" data-v=\"4\" data-block-id=\"f2ad0b4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-f2ad0b4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-f2ad0b4-inner-blocks\">\n<h4 class=\"wp-block-heading has-small-font-size\" id=\"h-disclaimer\">Disclaimer<\/h4>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\" id=\"h-unser-tipp-gut-rechnen-ist-angesagtfalls-du-die-effektiven-kosten-f-rs-arbeitszimmer-abziehst-verlierst-du-den-pauschal-abzug-f-r-die-berufskosten-denn-es-geht-nur-entweder-abzug-der-effektien-kosten-oder-pauschalabzug-f-r-homeoffice-tage-kannst-du-auch-keine-fahrtkosten-abziehen-rechne-daher-gut-nach-was-dir-den-h-heren-abzug-bringt-vermutlich-f-hrst-du-in-den-meisten-f-llen-besser-mit-dem-pauschalabzug\" data-block-type=\"core\">We have taken great care in compiling the content of this article. Nevertheless, we cannot rule out errors and cannot guarantee that the content is correct, up-to-date or complete. This article does not replace tax advice. We do not offer investment or tax advice and recommend that tax issues are always clarified with a tax expert and\/or the relevant cantonal tax authorities. Any liability is rejected.    <\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Granolas are a dynamic group of European stocks, comparable to the American Magnificent Seven.<br \/>\nDiscover why more and more investors see them as a relevant investment option. <\/p>\n","protected":false},"author":8,"featured_media":7883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2208,2209],"tags":[2389,2211,2388,2383],"class_list":["post-8572","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing-in-the-stock-market","category-financial-independence","tag-granolas-en","tag-invest-for-the-long-term","tag-investment-decisions","tag-shares"],"nelio_content":{"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"efiAlt":"","efiUrl":"","followers":[],"highlights":[],"isAutoShareEnabled":false,"networkImageIds":[],"permalinkQueryArgs":[],"series":[],"suggestedReferences":[]},"featured_image_urls_v2":{"full":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas.webp",1200,800,false],"thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-315x210.webp",315,210,true],"medium":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-800x533.webp",800,533,true],"medium_large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-768x512.webp",768,512,true],"large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas.webp",1140,760,false],"1536x1536":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas.webp",1200,800,false],"2048x2048":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas.webp",1200,800,false],"davenport-blog-thumb":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-1140x694.webp",1140,694,true],"davenport-blog-thumb-grid":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-555x360.webp",555,360,true],"davenport-blog-thumb-widget":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-220x180.webp",220,180,true],"davenport-blog-thumb-masonry":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-360x240.webp",360,240,true],"woocommerce_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-300x300.webp",300,300,true],"woocommerce_single":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-400x267.webp",400,267,true],"woocommerce_gallery_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/12184533\/Smoli-Blog_Granolas-300x300.webp",300,300,true]},"post_excerpt_stackable_v2":"<p>The Granolas are a dynamic group of European stocks, comparable to the American Magnificent Seven.<br \/>\nDiscover why more and more investors see them as a relevant investment option. <\/p>\n","category_list_v2":"<a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/investing-in-the-stock-market\/\" rel=\"category tag\">Investing in the stock market<\/a>, <a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/financial-independence\/\" rel=\"category tag\">Financial independence<\/a>","author_info_v2":{"name":"Thomas","url":"https:\/\/www.smolio.ch\/en\/wissen\/author\/thomas\/"},"comments_num_v2":"0 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