Big thanks @Sijoittaja-alokas for the interview. I was really honored that you wanted to interview me! I’m a bit of a forum lurker. I hang around here actively every day, but I don’t leave many traces Maybe little by little I’ll dare to become more active in writing
I recommend it! The valuation is a bit tight and the company is certainly criticized for many things, but if nothing else, it’s worth checking out their investor materials for a change. They are… different the first time I saw them, I couldn’t believe my eyes.
They seem to have participated in Redeye’s events.
The Dividend Party’s rules state that investments can only be made in companies that, after exceeding a share price of 10 euros, split the stock into ten parts. It is obvious that it’s arduous for the share price to rise from ten to fifteen euros, but remarkably easy to jump from one euro to one and a half. We need much more splitting; it is one of the easiest and most affordable ways to generate new wealth for everyone, part of the pay that belongs to investors.
The worst part is that there are many well-known so-called “veteran investors” in this country, who have often basked in the limelight of the press and written books, who think exactly like that. I won’t name names.
Thanks Kimi for the kind words! I haven’t made it to the Inderes parties yet because there’s always school or work or something else getting in the way of hobbies, but I’ll definitely come tug your sleeve when I eventually make it there!
I’ve fallen a bit behind with these, as I’ve been focusing so much lately on building my portfolio. But I’ll try to improve my ways. I just ordered a decent bundle from Adlibris, including the reprint of Poor Charlie’s Almanack, so there will definitely be new summaries coming!
The world is a small place Tampere is excellent territory for growing; if I recall correctly, they used to organize chili festivals there at least (maybe they still do?). 10 years is a respectable age for a chili! Personally, I like to grow those super hot ones nowadays. You can’t really eat them as they are because they’ll make your stomach turn, but you can easily whip up some good sauces and mashes from them.
I tried digging through Nordnet’s materials for an answer but couldn’t find one. The portfolio comparison report shows, for example, a significantly negative percentage for the YTD change. However, next to the negative percentage, there is a clearly positive euro amount. I would think that the euro figure for equity is correct, but what could be the reason for such a discrepancy?
Thank you on my behalf as well for your kind words in the interview. It was truly a great interview overall; it’s clear that you’ve put in a lot of work and I’m sure it will also bear fruit.
This in particular was a great and really good observation—a quote from @Tyhjatasku’s response: “When you have written something yourself, you cannot escape what you have written. For example, if you write your investment ideas or investment criteria in a notebook in your own handwriting, you can’t blame anyone but yourself if things go wrong. I personally find that writing in my own hand is more effective because it’s more personal than typing on a computer.”
The truth is that even for a boomer like me, my handwriting is starting to deteriorate, not just because of age but because I hardly write anything with a pen these days, mostly just tapping on smart devices. At least I managed to write my Christmas cards in my own handwriting just now
A little while ago, I was jotting down some notes on Kempower, filling out a sort of template to see if it might be my next investment. After reviewing the various aspects I usually check for new companies, I placed this one in the “take your time to research further” pile—so it didn’t make the cut immediately, but it didn’t end up in the bin either.
The benefit of taking notes is that if you don’t buy a company but it remains on your watchlist, you can revisit your previous notes if you become interested in it again later. You can then create an updated version for the same company and see if it would be a good addition to your portfolio now.
It would be beneficial to take more notes in general; that way, you can look back later and gain new insights.
Narrow-minded thinking. Imagine when a split 0.04€ Sampo rises back to 40€ in an instant
Should the forum’s owners demand this at the upcoming AGM as a measure in the best interest of all shareholders? Currently, the completely incompetent management has spent years wasting time and money on such useless shareholder-value-destroying actions like the sale of Nordea and the demerger of Mandatum.
Besides taking notes, it’s fun to occasionally save current news articles that you can return to later to gain some perspective on things.
Before the 2020 US presidential elections, I saved an article from Talouselämä (Sept 27, 2020) about which stocks to buy if you believed in a Biden or Trump victory. For those who believed in a Biden victory, the following stocks were recommended:
I took a look at them, and:
BEP has declined slightly
Canopy has collapsed
Tesla is up several dozen percent
Nikola has collapsed
MLM is up several dozen percent
UNH is up several dozen percent
CAT is up several dozen percent
Aurora Cannabis has collapsed
Centene is up slightly
Summit Materials has doubled
For comparison:
S&P 500 is up +39%
The list clearly shows how hopeless picking winning stocks is, even for professionals. Out of ten stocks, three collapsed and the best one doubled. (The entire portfolio would have underperformed the index.)
These types of recommendation lists may have entertainment value, but they aren’t necessarily of much help for making investment decisions.
(PS. One thing these “collapsers” have in common is that a P/E ratio couldn’t be calculated for any of them.)
A big thank you! It’s been really refreshing to get encouraging feedback!
My partner also hopes that the work will bear fruit. Apparently, they don’t want to hear another word about the stock market, rigged markets, or anything like that anytime soon In all seriousness, the market is an interesting place because you only know after a long time if you’ve done the right things. It’s scary at times, wondering what if you spend your time on completely the wrong things. Luckily, the forum is a good place to reflect on your actions and thought patterns with others, so you know you’re at least in the same ballpark. And fortunately, in investing, you don’t need to be Messi or Ronaldo for the returns to be sufficient
As I understand it, there are excellent note-taking apps and some have apparently been developed specifically for investors. I remember a tool called Journalytic being advertised for a long time on some podcast. Personally, I think handwritten is best because it’s easy to know where the notes are. You don’t have to worry about what if the platform closes down etc., and sometimes I write things that are personal enough that it’s nice they aren’t in any electronic format.
But I’ll second that handwriting has worsened, and I notice my hand cramping immediately if I write for a bit longer. I can’t comprehend how I was able to write 12 pages of text in some history exams (unfortunately, quantity didn’t make up for quality).
I’m a bit of a forum lurker. I hang around here actively every day, but I don’t leave many traces 
Maybe little by little I’ll dare to become more active in writing 
the first time I saw them, I couldn’t believe my eyes.
In all seriousness, the market is an interesting place because you only know after a long time if you’ve done the right things. It’s scary at times, wondering what if you spend your time on completely the wrong things. Luckily, the forum is a good place to reflect on your actions and thought patterns with others, so you know you’re at least in the same ballpark. And fortunately, in investing, you don’t need to be Messi or Ronaldo for the returns to be sufficient