Inderes' Coffee Room (Part 1)

[Gadus]

Would it be too lenient if there was a real coffee room here for more free-spirited discussion?

I took some time off work and decided to come to the cottage for a while. I noticed years ago that a small break from everyday life produces the best investment ideas. My portfolio has also grown so much that I have to work for a few weeks for every percentage point. My mind relaxes and I have time for more than just chasing the clock. The capercaillie is hanging in the corner of the shed, and a little more wood has been chopped. The sauna was heated well in advance, and I’ve had time to read annual reports and other releases. Yes, this will do.

[viljo]

I’m on a Greek island myself, and tomorrow I’m playing golf at the local course.

[Gadus]

That’s how it goes, to each their own. For me, calming down from everyday life is enough, and it’s best done here in the forest. A little bit of tinkering that you can’t do in the city, like fishing/hunting, is something special.

In my twenties, I used to travel abroad a lot, but now only when my wife forces me to. In my thirties, it’s not worth the trouble anymore, though I’m not that old yet.

[Lappu-Lauri]

@Gadus

Is it going too soft?

I don’t think so And the “getting away from it all” vibe seems great!

Just thought of a coffee room topic, unless it’s already been discussed in some thread: Does anyone have any buying/selling rituals, or is it all just cold execution? Like, inspiring music playing in the background, or a funeral march if you have to sell at a loss?

[Gadus]

After a good investment year, while paying tax arrears, there’s always time to put the Pori March on repeat

[Johannes_Sippola]

For me, it kind of depends on where I’m trading, but if I’m at home in front of my laptop, I’ll probably have a mug of coffee and music playing Also, if I don’t have any trades on, I’ll often just look at charts with a cup of coffee. If the stock market is closed, then I might also have something like InderesPodi playing in the background

[Johannes_Sippola]

When trading, in addition to charts, etc., I almost always have this forum open in one tab as well

[kelkka]

I also have the Inderes forum open on my computer or phone almost every 15 minutes. I haven’t been this addicted to any discussion board since using IRC (not the website, but the standalone program like mIRC) about a decade ago.

[Hurton]

Same Screen time on my phone has grown exponentially

[Elina_A]

At home with the flu. Hope I don’t spread it

This forum is a nice place to read and sometimes comment on in between work.
Investing has been a lonely pursuit until now. It’s been nice to realize that there are more of you out there All coinciding and differing opinions are good for one’s own line.

Have a nice cottage day @Gadus and golf @viljo,
a small break does good.

[Johannes_Sippola]

Get well soon @Elina_A! I’ve got a bit of a cold/flu coming on too, but I’m off today. I just hope it doesn’t get worse, biology matriculation exam tomorrow (then the autumn matriculation exams are done).

[NukkeNukuttaja]

It was also a surprise to me, after a ten-year break from investing, how social this whole thing is nowadays. In addition, the amount of information has increased enormously; we’re no longer dependent on Kauppalehti’s “journalism” Of course, filtering information is still even more important.

[Elina_A]

Thanks! Good luck with the exams, Johannes

[Elina_A]

Exactly. You don’t have to be here, but it’s much more enjoyable in the company of the forum. What’s also positive is that when you have to justify your choices, you go through your own reasoning a second time. Especially if you’re swimming against the current.

[NukkeNukuttaja]

Sampo, Tieto and YIT currently under observation, but the buy button hasn’t been pressed yet. YIT, by the way, is heavily shorted, 3.05% of shares, which is over six million units. On the other hand, Herlin will move to the buying side if it goes too low.

[OldFeki]

I’ve also been following this. A couple of new shorts have appeared very recently, so I’m still waiting patiently. Or maybe I’ll short it…

Having been in the industry myself, I know that whenever layoff announcements increase, IT spending is also cut. Most of it is tied up in contracts, but extra consulting decreases.

[Tyhjatasku]

Here too, my nose is red and the mercury’s rising
I haven’t had much time to write here, as my bachelor’s degree is almost done and I’m working at the same time, but I check what’s being written here several times a day. It’s great to have a place where you can learn new things and share your views.
Investing is often a dinner table discussion in my family, but my friends haven’t been very interested in it. I did get my girlfriend enthusiastic enough to save in an index fund. Now, however, a friend of mine noticed in school that I had Nordnet open on my phone, and from that, I learned that he is also an active stock investor (we’ve known each other for 3 years, and it’s never come up). Perhaps the taboo around investing is slowly starting to fade? At least until the next bubble bursts, after which no one will want to hear a word about stocks

I’ve gotten a lot of current insights and interesting observations from here that challenge my own views.
Then again, when my own portfolio is in the red and I’m feeling down, it’s quite comforting to realize that others are also suffering from the same problem. It gives perspective and allows me to calmly think about what the goal of investing ultimately is for each of us, instead of just rushing to sell everything with tears in my eyes.

So thank you for this, it’s great to be in good company.

P.S. Oh, and @Elina_A, did you notice that about a week ago, there was a private investor in Kauppalehti who used almost the same name as you? Interesting coincidence

[kelkka]

@OldFeki

Having been in the industry myself, I know that whenever layoff announcements increase, IT also sees cuts. Most are tied up in contracts, but extra consulting decreases.

It’s nice to be on this forum because of these kinds of tidbits and insights. It makes it a bit easier to assess the impact of the economic situation on my stock choices

[Elina_A]

Hi. It’s going around. I held out for a long time, but at some point over the weekend at the cottage, I got cold and here we are

It’s great that you’ve started investing at such a young age. It will certainly bring joy and benefit for the rest of your life. And when the time comes, I also recommend investing for children and definitely talking to them about it. That way, a bloated investment portfolio won’t be sold off as soon as they turn 18.

I had a somewhat similar background in investing, meaning we talked about it in those dinner table conversations. At one point, my father asked us children what we thought about buying KOP (one of Nordea’s predecessors, in addition to SYP) shares for, if I remember correctly, about 2 Finnish marks. What stuck in my mind was that if KOP didn’t survive and went bankrupt, then we could wallpaper the walls with those share certificates. If I recall correctly, my father then bought more and made one of his best moves. Later, investing could mostly only be discussed within the family, with a few exceptions. And similar surprises have come from people I’ve known for a long time.

In the early stages of investing, it often happened that I didn’t trust my own judgment until the price started to rise. And sometimes it happened that I waited for a dip, and it never came. My worst investment mistakes have usually been in the ‘lost opportunities’ category. Hartwall, Instrumentarium (not an optician’s chain but a healthcare company that was delisted in 2004 and bought by GE), Amer, Okmetic, etc. I’ve made other mistakes too. I guess everyone has to go through them themselves

To counter a red portfolio, it’s good to have some dividend stocks. They help a lot, especially if you then manage to invest those dividends back into the stocks on your buy list and those that are at a loss. Either into the same ones or into entirely new targets. This way, you can bring down the average price. Quite often, the automatic reaction is to buy those that are green, even though you should buy the red ones… Of course, keeping in mind that some stocks might catch the so-called green wave, and then trend is your friend.

Yeah. That seems to be a familiar type on KL’s (Kauppalehti) pages. At least completely on the same wavelength as me

Get well soon

[SHABBA]

How did people here end up in the world of investing? I first heard about stocks when I was 12, when Nokia was at rock bottom and my grandfather was planning to buy some for his grandchildren. In hindsight, that would have been a smart move. However, it wasn’t until last year, shortly before I turned 18, that I started looking into markets and stock investing more closely, but I didn’t want to start buying yet. I turned 18 and managed to get a minor gambling problem (poker/betting) which almost completely ate up my savings, as well as useless merkonomi (business college graduate) papers. In December 2018, I got lucky and decided to invest the money in new Nordnet Smart portfolios and some futures. In February, my first direct stock investment was Fortum at €19.95. As an office rat, I have plenty of time to make stupid investment decisions and read the forum However, I’ve managed to turn my portfolio profitable, even though I’ve also made a good amount of losses.