Completely crazy stuff. The US administration bought a slice of the company at 2.17 per share and the stock rises 380% after that.
36 Likes
I’m not really a machine guy, but as I understand it, a few other companies also manufacture similar “tilts” for excavators, such as Rototilt, SMP Parts, Steelwrist, and Marttiini Metal. Such capital returns won’t last long anywhere without competition!
However, I can’t say exactly what differences there are between manufacturers. Surely someone on the forum, a real machine guy, will be found to tell Verneri whose tilt is the best😄
6 Likes
The machine operator in this village also has that specific Engcon.
Apparently, it’s a good piece of equipment, because if you don’t have an Engcon, it’s reportedly not even worth starting the machines; instead, the jobs are done with a shovel.
3 Likes
High valuation. Of course, the numbers are strong too. But have you heard of a term like base rate?
8 Likes
The most shocking thing about this is that at least some of them apparently believe what they are saying. When the mindset is at this level, no rational information penetrates the illusion.
Still, something good. In the last decade, I didn’t know anyone with whom I could discuss investment matters in Finnish; instead, I had all discussions on this topic in English. This decade, people my children’s age have also started talking about it in Finnish, which is a good thing.
Those imprisoned by their religion are a lost generation, but at least the understanding of financial discourse is growing among the youth even on this more arithmetically challenged side of the bay.
3 Likes
Below are @Jukka_Lepikko and @OsakeKeisari’s observations on giant companies named Nvidia and Nordea, which have taken on a role as they grow 
12 Likes
Evening thoughts; during the “zero interest rate” period, housing investors: “I bought an apartment, painted the walls, new valuation +40k”, more collateral value, new apartment." Not many of these updates have been seen anymore, wall scam?
5 Likes
@Verneri_Pulkkinen It can really surprise with new investment targets. That certainly sounds like a powerhouse!
6 Likes
I understand the “you can’t take it with you” argument among financially uneducated Yle commentators, but I wonder about it here?
When asked generally, we all know that
the borrower’s liquidity decreases by the amount of the loan interest, and
the capital income earner’s liquidity increases by the amount of the return.
If we agree on this, how on earth can investing and living be mutually exclusive options? Investment returns are freely allocable additional income that can be used as one sees fit!
On the contrary, I ask when the rest of you plan to die? A young person might think that seventy years is probably enough, because there are still decades to go, but as an experienced person, I can tell you that the closer that day comes, the more distressing it would feel to define one’s last day when the money runs out.
If on the last morning you feel spry and would like to go fishing or to butterfly stroke training, it’s unpleasant if the money is gone and you have to take the bus instead of a Mercedes. No matter when the days end, assets already managed and directed as inheritance to loved ones are not the biggest problem.
That’s why my wife’s and my retirement portfolios have been built without any expiration date. From the portfolio, over the last 30 years, we have bought a house, a fell cabin, three new Volvos, three almost new and a few older Mercedes, and six motorcycles, as well as countless holidays and other pleasures without asking for a loan, and sponsored our children’s studies, enabling them to graduate debt-free. We would not have been able to afford these pleasures with our salaries without incurring debt.
What did we miss out on because we earned additional income by investing instead of paying part of our salaries as loan interest?
Investing is not taking away from living; rather, investment returns enable a more interesting life.
35 Likes
You are right! 
I was wondering why that text was in Finnish, which I had quoted, but I completely forgot about this translation feature. 
The top speeds of some hypercars haven’t actually been tested anyway, but the car manufacturer should show what the car can do 
. It’s interesting how BYD defiantly approached five hundred!
I’m repeating myself, but it also circled that legendary track beautifully.
Here are the lap times, if you want to compare.
3 Likes
Well, I was missing Trump protection from my portfolio March-April was quite a ride. Fortunately, however, the dividend stream is the main source in these. No changes in those yet 
4 Likes
I started investing myself at 31 years old in 2007. A thousand euros from the housing loan was left unused, so I immediately went into it with 100% leverage 
I knew nothing about it, I just bought a few shares. I only added more if I got more money, i.e., from holiday pay and tax refunds. No strategy or knowledge whatsoever. I just watched the stock price. I traded them in every direction. I guess I was waiting for something to, say, a thousandfold.
I also invested in OP’s expensive pension fund, until a couple of years later they announced they were raising the age at which you could withdraw money from it, I think by a couple of years 
I tried to close the fund, but the notification was that it wouldn’t work unless I quit my job, divorced my wife, or died.
I stopped transferring money there. I’m not even an OP customer anymore, that fund lives its own life there. I managed to accumulate about 2k there.
During the Corona period, my portfolio approximately doubled. Suddenly, the portfolio was worth about 7000 and I thought I could start researching this more. I emptied the portfolio and researched more carefully what companies I started putting in there (I know, taxes. It tells of my understanding at that moment).
I also started index investing. I hadn’t known about this before, not even the bank advised me, because they wanted to sell a more expensive fund; it’s easy to trick the ignorant.
Now my portfolio, including funds, is worth 16k. I don’t know the total historical return. As a Finnish investor, after the reset, it started to stagnate, and the return on OST is slightly above zero (currently YTD 23%, stay there)
I wish I had known about index funds. After buying the apartment, my wife fell seriously ill and had to go on disability pension. Being young, she hadn’t accumulated much pension or work history due to her studies, so her pension isn’t very substantial (she worked for a while at an accounting firm, and the aging owner had started discussing whether my wife would like to buy it from him; our lives could be very different now. For better or worse, one never knows).
I myself was a factory worker (still am), so not much money was left over, and due to the buying costs of direct stocks, it’s not worth doing with small sums; I could have accumulated in index funds.
However, it doesn’t bother me. That’s just how it has gone now.
My life has been very challenging mentally in every way. I have also kept myself busy so that I wouldn’t have to deal with things.
I have “lived” as one should say. In my opinion, too much glamour has been put into that phrase. That living, at least in my case, involved many foolish acts, and alcohol has also become very familiar. I guess you could call it binge drinking, because I have still managed to keep my daily life running.
Things could have been left undone, but do I regret anything? No, because it doesn’t matter. I am the sum of my life, and history cannot be changed.
At 43, I then suffered a severe burnout. Things had to be dealt with. They eventually do.
I went to occupational health, was on sick leave for a few weeks, and got a referral for psychotherapy and an ADHD diagnosis at the same time.
I had already started working on myself earlier; I had also received a moderate depression diagnosis in 2008 and recovered from it (I doubt the entire diagnosis).
I have been anxious perhaps 80% of my life. Nowadays, perhaps 10%. The change is enormous.
I have never had dreams of getting rich, wealth, power, or life in general. I haven’t been able to see my future; there have been periods when I questioned all of existence and wished for my death.
Now I look forward to the future. I don’t invest for wealth; that comes as a bonus if it comes. The feeling of accomplishment is what I seek with it.
I have learned to think about things through need, not desire (which, by the way, has had a big impact on my mind and finances; yes, money does bring happiness too)
A large amount of material possessions only causes extra stress.
I believe in balance and strive to keep my life mediocre. I haven’t succeeded in that yet. And I don’t know if I ever will. I can’t stay still, and that’s something I’ve also had to accept. I just no longer waste energy on anything harmful, but on things I’m interested in and enjoy.
My only fear now is that I won’t have time to learn and see enough. The world is full of amazing things 
It got out of hand. The intention was just to participate in a discussion about why to invest. I just thought I’d provide a little background. I don’t even know if it belongs here 
150 Likes
I would still argue that paying down debt is “saving” even if the value dropped. Once you’ve signed your name on the promissory note, that debt must be taken care of regardless of the value of the financed asset. If the collateral value of that apartment dropped to zero, the bank would demand a smaller sum.
Calculation exercises are for high schoolers.
7 Likes
One thing I wonder about in the “a shroud has no pockets” discussion is that people don’t think more about intergenerational wealth.
To slightly exaggerate the idea, if one manages to accumulate, say, a million during their lifetime, plus cottages and homes etc., and lives comfortably on that during retirement, then instead of spending it on restaurants, travel, and driving a new car, etc., one would also instill in the next generation the idea that you will receive this capital in your turn, and your task is to give a little more to the subsequent generations.
A bit with the same mentality as a family farm should always be passed on to the next generation in slightly better condition than it was received for one’s own watch.
25 Likes
I’ve seen those at least 20 years ago. Maybe the Swedes are making them cheaply?
Sort of like that, but as a stock investor, I can’t directly think about it that way 
it’s about walls and not, for example, valuable shares of Kamux, KH Group, or other top performers.
2 Likes
Hi, now that earnings season is underway again, is there an app where one could get notifications for the quarterly earnings results of selected Helsinki-listed companies? For example, Revenue, EPS, and comparison to consensus. The Investing app provides this for US companies, but not, to my understanding, for Helsinki-listed ones. Inderes also discontinued its app because it would have needed further development.
2 Likes
Quartr app is my absolute favorite for this! 
Not perfect, but for my humble use, it’s very capable and easy.
6 Likes
This is so true! It could be that I’ve unknowingly raised my standard of living, and that has also affected how much I can save.
For example, I’ve traded my Volkswagen for a Skoda 10 years newer 
2 Likes
Regarding the ‘Rototilt’ @Verneri_Pulkkinen, I’d add that during a recent assignment in Austria, the locals came to wonder why we had one on every machine. With a Rototilt, for example, with a mini-excavator, you can even put a topstikku (topstikku) in the bucket and dig earwax out of a friend’s ear, if you have enough skill. Absolutely essential, as mentioned here. Widely used in the Nordic countries, I believe there’s certainly enough market for it worldwide.
8 Likes