Unfortunately, my guess changes to a big drop in indices and even bigger downward movements within the indices.
Thank you that, as I wished, there were no messages in my previous post that would have led to trouble again.
I will not respond to anyone’s potential reply to my message.
Intellego, Wirecard, and similar cases are excellent opportunities to learn, especially if one loses their own money and doesn’t just watch others lose theirs. Most people who have been in the market for a long time have probably lost money either to scams or otherwise made significant losses from poor investment decisions.
Undeniably, in Shareville and at least in the case of Intellego, in Placera, there’s a bit of a “smelling one’s own farts” culture and back-patting. I wasn’t directly stock-picking at the time of the Wirecard case’s revelation, although money went into the index, but I’m quite sure there was a similar vibe back in 2020 as there is now with Intellego. Unfortunately, in the Intellego case, both in the aforementioned forums and to some extent here, there’s an incessant “hopium” that the accusations presented are baseless and that authorities have decided to ruin the stock’s rocketing and thereby the small investors’ party, even though it should be crystal clear after the Q3 earnings release at the latest that the company’s announcements and reporting cannot be true in many respects.
One reminder from the Intellego case was also that the stock market is not a playground for nice boys and girls, but at worst, it’s run by truly ruthless people who care little if some small investor in the periphery of Finland loses their retirement savings. In investor communications, too, unpleasant matters are often disguised to sound less unpleasant so that naive investors don’t lose hope. However, management’s fabrications must be questioned. If one cannot do that, one should re-examine their own research and investment thesis.
My own experience as an investor does not compare in any way to the expertise of those who have been on this forum and in the markets longer. Therefore, I welcome all “bears” to comment on their views on companies where they see warning signs. Having learned from the Intellego case, I now see similar red flags and risks in another small Swedish company, Verve, which make me refrain from investing in the company.
Tuomas must have just heard about gamblers’ biggest sin and stumbling block: 95% of gamblers quit just before they win big.
One always wonders how people repeatedly forget the importance of diversification. Perhaps it’s just too boring to build a geographically diversified smart portfolio seasoned with a touch of growth, consisting of indices and profitable quality companies.
I do believe, however, that Tuomas has another portfolio with slightly smarter investments.
I have read and heard a lot of talk about how men don’t talk enough about their feelings. I responded to your inquiry emotionally. Isn’t this the much-desired emotional talk?
He said at the end of the video that those are his total stock holdings, but he has other investments. He didn’t say if they were apartments or, for example, cryptocurrencies 
Probably a relatively small portfolio (€11k) compared to his income, so he dares to play ‘rich or bust’. Add a zero or two, and diversification might interest him a bit differently.
The Investor of the Year was Merja Mähkä and the Investment Deed of the Year was Martat’s financial counseling. 
Congratulations to them!
https://x.com/EloHenri/status/1993712009074901041
Thank you very much!
I’ve been thinking about this theme for years and prepared the text for the past few months.
I got excited to reactivate premium because this was definitely worth reading 
Excellent thoughts! I also recognize that I have trusted management’s words too much (and perhaps still do 
). This is especially true for me if it’s about a poorly performing or young company where there aren’t really numbers to support the claims. As you said, no leader wants to create a defeatist atmosphere (even just for their own career prospects).
Based on my own experience, where management’s words truly have the most impact is in creating a winning culture internally for the company (and through that, also results), but this is much harder to assess from the outside as an investor. For larger companies, one can try to deduce something from Glassdoor reviews, for example, but even here, the informational value is limited.
However, where I find management’s statements also useful is in assessing focus. Spreading oneself too thin rarely leads to success. The more precisely management talks about what they consider essential (and how often these essential things are mentioned in general) is, in my opinion, good information. E.g., how many product initiatives are focused on, what are the most essential numbers they aim to improve, etc.
Oh right, in the year-end/Q1 report, we’ll again face the guidance for the coming years for companies, which usually draws the most attention in those reports, instead of the actual realized numbers. Based on this year, however, I would say that the guidance given by Finnish companies at the end/beginning of the year is roughly as reliable as winter boots with a hole in the sole in slushy weather (experience) 
I was thinking the same thing when I watched this video. But I have to take my hat off to Tuomas for the transparency of the process. He said directly that these are his stock investments and didn’t start with any “but I have THAT OTHER portfolio which is, of course, much in the black” kind of thing. Also, Lepikko’s warning about this kind of investing and the reflection that index funds are indeed good instruments made me view this video favorably.
Compare this, for example, to the guru of yesteryear, Oksaharju (still apparently a “stock strategist” at NN), who is still regularly, if irregularly, referred to as a guru millionaire, but never really disclosed his own investments, his investment level, or otherwise gave the impression that he had “skin in the game.” I personally appreciate this approach much more… even if the short-term results are admittedly catastrophic. Good luck to Tuomas and thanks for the good content, if you happen to be browsing the Inderes forums.
Hi!
Now your message is here in the Coffee Room.
From the viewers’ perspective, it would probably be more devastating if this strategy had succeeded - someone would always be left with the impression that going all-in on one lottery ticket and getting +150% on the board instantly is the best way.
Tuomas generously sacrifices his portfolio in the name of the common good.
Sarcasm aside, I note that Nordnet’s designations have indeed caused amusement here as well.
I passed the IBKR options and warrants derivatives test in English
Ah, what a wonderful year. The family’s portfolios have risen nicely, and my own portfolio’s largest holding ended up being Alphabet, first through purchases and then through share price appreciation. There’s nothing left that could cause anxiety..
And then: Cathie Wood scoops up over 174K Alphabet shares as valuation climbs (GOOG:NASDAQ) | Seeking Alpha
Most of the buying came through the flagship ARK Innovation ETF (ARKK), which picked up 113,276 GOOG shares. ARK Autonomous Technology & Robotics ETF (ARKQ) added 23,000, ARK Next Generation Internet ETF (ARKW) bought 31,422, and ARK Space & Defense Innovation ETF (ARKX) rounded out the move with 6,595 shares.
..maybe a buy recommendation from Cramer tomorrow 
Pride comes before Cathie Wood, as they say in investor circles.
Thanks to all forum members I ran into at the fair yesterday! 
It was great to see so many people after a couple of years and chat about stocks 
For me, one big reason for the decision to focus solely on expert work is precisely this different interaction with you 
I don’t know about these modern Fallout versions, but who can say they’ve played the original 1997 version? Hands up! 
Let’s ask the forum.
90s kids don’t know anything about truly good games, from the 80s… When computers were primitive and programmers were hardcore - when you had to fit everything into a few tens of kilobytes.
The Fallout series is available to watch on Amazon Prime. A remarkably successful and excellent production. The story is set precisely during the era of Fallout 1 – though I don’
