Portfolio composition (total portfolios)
Also celebrating a bit as the portfolio crossed a milestone after just under 6 years of investing.
72 Likes
I’ll open up this little pouch (pussukka) here for everyone to take a look at. Not that it’ll stir up any big emotions, but here it is anyway. Total pot is just under €12,000.
Name —————————– Return ———— Share of portfolio
OP-Finland index +31 % 16 %
I’ve also gotten my share of the Helsinki (Hesuli) returns.
OP-Nordics index +12 14
What can I say? Things are going well.
OP-Europe index +12 13
Things are going well here too.
Kempower -6 8
I held, I didn’t sell. Through wind and storm. At its worst, it was nearly 50% in the red, now it’s almost at break-even. At the craziest times, it was 50% of the whole bag (reppu). My faith isn’t running out, it’s not even wavering.
Kongsberg +18 8
I like it. I expect the rise to continue because of the restless state of the world.
Fodelia -7 8
In investment speak, an eternal crawler (ikimörnijä). It’ll come around; I wouldn’t have bought it if I didn’t believe in it.
Saab +81% 8
I’ve sold with handsome profits and bought back. Successful buys and sells. For once.
Nordea +26 5
An everyman’s stock. Great performance.
Assa Abloy +29 5
The market leader doesn’t disappoint. Great return. It’ll probably keep performing in the future too. I have no doubts.
OP-Asia index +9 5
My newest index. €50/month, just like the others.
Poste Italiane +13 5
The odd bird in the portfolio. Italian post. Good return, good dividends, diversification. That’s why.
Faron -11 4
I lost faith a long time ago. But maybe the miracle will happen this year.
Springvest -20 1
Newest purchase. I just had to, because of Donut… I don’t dare risk more than that.
Herantis +9 0.2
I decided last autumn to put all my dividends into this and will continue to do so. You have to start somewhere. I’m sure it’ll be half a percent by spring.
So there it is. €200/month goes into indices in total. Small additions of tens or a few hundreds into direct holdings, so the same pace continues. Very few sells. This spring, however, I’ll have to let go of something to pay for a vacation.
A good vibe for my taste. Not a single megalomaniacal success story or rocket. But no total crashes either. Last year nothing much happened, except towards the end when the ones that had crashed started to recover and the defense sector continued its rise. Diversification is improving. Just under half in indices, the goal is still to get it over half. Big market leaders and smaller lottery tickets (lottolappu). Finland, Sweden, Norway, Italy. America would be nice, but I actually sold everything off for principled reasons last spring because of that one nutcase.
Oh yeah, the whole portfolio is up 15% right now. I don’t know how to calculate what it really is, considering I’ve sold some things at a profit and then used that to buy something else.
Not a hero’s story, and it doesn’t need to be. The main thing is having some dough (hillo) stashed away and even producing a little something.
If you have questions, comments, etc., head over to the coffee room, thanks.
52 Likes
Since I am mentally an exhibitionist (thank God the small size of my junk prevents me from acting on it), let’s virtually open the trench coat and tip the fedora on such a shitty market day (portfolio <2% in the red, following Friday’s >4%). There’s no sense in my portfolio, and none in me either, except for memories of a shred of sense… I’ve never worked as a security guard, due to my small size. 
Apologies for my language, and I’ll take a seat on the bench if the thread calls for it. After all, I was the center for the benching line in my youth. 
20 Likes
Over the weekend, I had time to reflect on my own strategy and its development. I’ve been contemplating the idea of dividing my portfolios’ lifecycles into a yet-to-be-defined number of stages. These stages correspond to the amount of leverage used in the portfolio.
Having fretted over Portfolio 1 for about 30 months under the current strategy, it is starting to reach a relatively stable position between the still-unnamed stages 1 and 2. The intention is to let the portfolio live its own life; there are no active plans to grow the portfolio’s value through further equity injections or debt. If development remains favorable, the portfolio would progress to the second stage of its lifecycle, where leverage would be increased from 100k to 200k. This is waiting for equity to grow to a level where implementing the change would be sensible. On the other hand, the loan-to-value ratio has also dropped to a moderate level, and I currently see significant hedging measures as distant. My biggest hopes for capital appreciation at this point are placed on the Volvo and Intrum axis. Faron, of course, is haunting the background, pondering its own direction. The acquisitions of Faron and Lululemon were timed around the same period. I guess I must have skipped breakfast that morning.
Portfolio 2 is naturally newer and currently under construction. In terms of euro value, it is about half the size of Portfolio 1, and its lifecycle stage in my process is stage number 1. The completion rate of the portfolio construction is about 50%, meaning the goal is to get it to a similar stable state where Portfolio 1 currently resides. I have applied to double the current leverage, and if the recent market antics don’t completely collapse values, I believe I will achieve this—if not during this application round, then within a few months.
When I started building this portfolio, the intention was to over-diversify and include more potential “growth rockets.” Initially, I also tried swing trading, but fortunately, I’ve now had the courage to stop that. As the return % shows, the portfolio’s success rests on significantly narrower shoulders, and on the other hand, the rather impressive “bodybuilding” of those shoulders is giving them an excessive weighting alongside the biceps and triceps. At the moment, however, there are no acute thoughts of selling; company analyses are currently underway in case I get more “play money” into the portfolio. As the latest acquisition for the portfolio, I put my accumulated OP bonuses, which had turned into cash, into Sampo. Apparently, if you don’t know what to buy, you should buy Sampo. The idea, however, is to put occasionally accumulating cash funds into Sampo and raise its weight to around the middle of the portfolio as a so-called support and cash flow stock.
Alphabet is found in both portfolios and is therefore my largest holding. According to my strategy, the maximum weighting for a single stock per portfolio is 20%, but greed might win out if, for example, Nebius starts closing in on a trillion-dollar market cap. Since I play with high leverage, over-diversification is the way to manage risk. Of course, actively following dozens of tickers doesn’t work very well, so the portfolio should ideally consist of high-quality companies at a respectable price, intended for an “eternal hold.” This seems to be a pleasant and suitable way for me to pick stocks anyway. Additionally, I keep relatively moderate bets on these more “impatient” companies. When building this portfolio, a core idea was also to increase geographical diversification. Finnish companies have only been included in recent months.
22 Likes
Let’s do another semi-annual portfolio review. I was supposed to do this at the turn of the year, but major irritation over the discontinuation of Nordea Investor and the increased difficulty of making a summary killed the motivation.
Compared to six months ago, Puuilo and Volvo B have left the portfolio.
Regarding Puuilo, I reached my own return targets and managed to sell near the 2025 peak.
Volvo B left the portfolio perhaps a bit hastily, but still clearly in the green in early autumn 2025.
The weight of Cash has averaged 10% of the portfolio, though it is currently only around 2%.
The weight of Incap in the portfolio has grown disproportionately large, but my own expectations for it remain very high. I intend to potentially trim the position if it rises to around €12 and leave a position of a few thousand shares after that. Currently, average prices are just under €9.50.
I haven’t added to Nordea in a long time; according to preliminary plans, I’m not doing anything with it unless something significant happens.
Small additions have been made to Investor along the way; the position is currently up ~55%. This is intended to stay in the portfolio for a long time, and I’ll add more if I can’t think of anything else.
Monster was originally bought as a joke, but over the years, the company has grown into a quite significant investment. The average price here is around $40, so it’s up ~100%. I’ve mainly been considering the sustainability of the growth, but it seems to keep chugging along year after year. This is perhaps closest to my heart and difficult to let go of, even if it would make sense based on the numbers.
SkiStar initially entered the portfolio with the minimum amount required for shareholder discounts, but after some quick research, it showed potential and the position grew. I’ve set a target exit price of 190-200 SEK, at which point the entire position will be sold.
Sampo has long been a company where I haven’t done anything with the position, and I don’t really even follow the company. This is also in a separate book-entry account (AO-tili) that was once pledged as additional collateral for some renovation loan. No plans for this unless there’s an acute need for cash.
Thule was also in the portfolio in the last semi-annual review but was completely sold after that when my target price was met. It returned to the portfolio this week following the price drops and will be sold again if my target price of 275-300 SEK is realized.
Currently, the portfolio doesn’t yield particularly impressive dividends; the goal is mainly capital appreciation. The dividends for 2026 will likely be less than half of previous levels.
I also became a fund investor at the end of the year when I realized I had a so-called “emergency fund” account that hadn’t been touched for three years. I set up a monthly savings plan from there, so the money might get a slightly better return than the 0.5% interest on the account.
25 Likes
What do I have in my portfolio? Lots of “boring” index funds, but in addition to that, there is also a fairly significant slice of stocks. I am still a bull (bullero), as the term popularized by @Sauli_Vilen goes, regarding REITs. Real estate is by far the worst-performing sector of the S&P 500 index from 2022–2025. I believe in a bounce-back. I predict double-digit gains for REITs in 2027–2029 (not an investment recommendation).
Table of Contents
20 Likes
Posting my own portfolio, which I definitely can’t recommend to anyone, but here we’re going all-in on Kempower. 
The rest of the portfolio is leverage.
Been involved since the IPO and sold everything at suitable intervals when the valuation started to get nerve-wracking.
Rarely in a lifetime do you come across a megatrend where a market leader is available at a low price. Of course, the valuation is high again now, but the market will grow so drastically over the coming decades that this time I’ll likely do nothing but add to the position. The next sales will be considered once I’m retired.
Additionally, small positions in suitable companies that can be flipped after holding for a week or a month.
8 Likes
Currently
Palantir ~20%
HIMS ~20%
Tesla ~20%
Rocket lab ~15%
HOOD ~13%
IREN ~7.5%
Faron ~5%
cash rest
This is what it looked like a year ago. It was interesting to return to this, and there have been many changes. I also didn’t stick at all to what I wrote. I take it as a positive that I dare to make big moves, but a clearly longer-term investment plan needs to be carefully considered when I eventually start liquidating positions from datacenter companies.
Last year:
- HIMS completely out around $60 on Sep 22 (image below). Actually, with the exception of the last addition (Feb 17, 2025), this went pretty much perfectly, although I could have traded more boldly. To be honest, there was some luck involved too; I didn’t quite expect a plunge like this. There started to be so much regulatory risk and I didn’t like the CEO’s actions, so I decided to exit the company completely. I still see better alternatives in the market, so I’m unlikely to return as an owner, at least not before the resolution of Novo’s lawsuit.
- Palantir switched to IREN in February-March. This resulted in big taxes being paid in between, but I felt the return potential was significantly higher in IREN.
- Tesla I swapped practically entirely for IREN. I saw the short-term return potential as better after getting to know the company better. I still like Tesla, but it’s difficult to estimate when the big cash-flow-generating steps will occur.
- Rocket lab also went entirely into IREN. After that, it rocketed, and I didn’t find a good timing to buy into the rise. I like the company and follow it closely. I hope to get it back into my portfolio.
- I also sold the Hoods from my AOT (book-entry account) to CIFR. I haven’t looked closely at how this rotation went. HOOD is still interesting, especially now that it has dropped over 30% from the autumn peaks.
- Farons left the OST (Equity Savings Account). I got tired of watching it struggle. There was a successful HARVIA trade in the portfolio, and after that, I briefly held Terveystalo, which I also swapped for IREN recently.
- I also had GRAB in the portfolio for a while, but those were also switched to CIFR last week. Small losses from this.
Additionally, company RSUs for the next three years as long as I don’t get fired
the first ones came now in January. I intend to keep these.
I got fired more in the FIRE thread.
There is no leverage at the moment. High savings rate from salary income and other return potential (poker + one small side hustle)
Practically the same situation. Variance-free salary income will drop significantly this year. If the new business venture starts rolling smoothly, I won’t draw a salary at all; instead, it will go into investments and company growth.
The portfolio is so concentrated that I haven’t wanted to take leverage until I diversify the IREN position more, at which point there will be a major restructuring. About 80% IREN + 10-15% CIFR, with small tracking positions in UiPath and Kraken.
6 Likes
- I would move to index funds for a large part of the portfolio.
- If you want to pick stocks as a hobby, I would consolidate it very heavily. It’s quite a task for an average retail investor to be able to follow the development of so many companies.
- If you have beaten the indices with a portfolio with so many holdings, keep going on your chosen path!
18 Likes
A very interesting portfolio with many companies that are unfamiliar to me. It’s certainly good to have many positions, especially when there are various smaller companies involved. Have you analyzed the contents of your portfolio in more detail? Due to the large number of positions, the portfolio may appear diversified, but how are your investments distributed geographically and by sector? Analysis can help in pruning your portfolio and choosing weightings. According to one school of thought, it’s good to have uncorrelated assets in a portfolio; it doesn’t help to have many positions if they all move in the same direction. I sense a concentration on commodities in the portfolio; that has certainly been a wise choice and likely won’t be a bad one in the future either.
Replicating indices by investing directly in stocks is commendable and can eliminate many hidden costs of index investing, but managing that portfolio certainly takes work. On the other hand, if you just hold everything, then perhaps not so much.
1 Like
Well, YTD returns are 7% for that portfolio, and over 10% YTD for the other portfolios.
It’s because I’ve lived in Norway and the United States.
Geographically, it looks roughly like this by country 
- Norway
- Finland-Sweden
- United States
- Denmark
- China
- Canada
Yeah, I have some silver and gold in the portfolio…