It would be interesting to also read how each person perceives their own style, value, momentum, etc. James Montier, if I remember correctly, wrote that the average holding period for a stock is 6 months… and called this ADHD
Old information when there’s nothing new (lazy), but there are enough different stocks-funds-ETFs because sales are missing, and thus I’ve tried to effectively diversify away the excess return. Almost succeeded…
Roche, Investor, Norwegian Finans Holding, Fondia, and Amazon Top-5.
My portfolio is as follows:
Admicom 21%
Efecte 13.8%
Talenom 13.7%
Titanium 10.8%
Sampo 9.9%
Harvia 9.4%
Fellow Finance 5.4%
Vincit 4.8%
Cash (reserved for investing) 18.9%
I try to find long-term, shareholder-value-creating investments. I aim to pick companies with competitive advantages, moats, and which are generally of high quality with healthy business operations and overall company status. I have emphasized growth companies. I am quite satisfied with the portfolio; I wouldn’t mind if there were over 10 companies. I’m not afraid of cyclical stocks if the risk-reward ratio is right. I may also pick short-term investments, but less often.
P.S. Inderes’ analyses have played a role in my portfolio, I admit
Nordea 20.4%
Telia 11%
Sampo 10.1%
Handelsbanken 9.6%
Talenom
Nokian Renkaat
Exel Composites
Qt
Nokia
Innofactor
Hoivatilat
Pihlajalinna
Loudspring
Savosolar
Loudspring, Innofactor, Savosolar were novice acquisitions from early on. I haven’t been ready to give them up yet; I’m trying to see them through, come what may. Fortunately, their positions aren’t that large in the overall picture.
The goal is to get rid of the unprofitable side businesses
Here are my own investments!
Private equity investments 50% of the portfolio,
-Taaleri Housing Fund 27%
-Taaleri Solar Wind 11%
-Taaleri Africa 10%
-Taaleri Stable Property 2%
Peer-to-peer lending with Fellow Finance as a lender 8% of the portfolio
Cash 12% and the remaining 30% Finnish stocks, listed below from largest to smallest:
Neste
Citycon
Nordea
Nokia
Kone
Telia
Olvi
YIT
Valmet
Sampo
Sunny spring to everyone!!!
Aallon Group
AT&T
Citycon
EPR Properties
Fortum
Harvia
Huhtamäki
Intrum Ab
Johnson & Johnson
Lassila&Tikanoja
Main Street Capital
Nokia
Nokian Tyres 8.8%
Nordea 9.5%
Sampo A 12.5%
Stora Enso R
Telia Company FDR
Tieto Corporation
Verkkokauppa Oyj
Wärtsilä Oyj Ab
My portfolio is quite diversified, but it hasn’t turned into an index fund, at least not yet Currently, the largest slice is in cash, waiting for buying opportunities.
-Largest cake slices: Nokia and Revenio
-Fairly large cake slices: Nokian Tyres, Sampo, Suomen Hoivatilat, and Citycon
-Medium-sized cake slices: Qt, Deetee, Bittium, Remedy, and edit: new additions Digia and Gofore
-Additionally, light portions: Efecte, Noho, Nixu, F-secure, Vaisala, Telia, and Teleste
My top 10 portfolio is currently quite U.S. and tech-heavy: Apple, Berkshire Hathaway, General Electric, Micron, NVIDIA, Intel, Western Digital.
From Finland: Siili, UPM, Nokia
These represent approximately 60% of my investments and are all for the long-term portfolio. The rest are then spread more broadly across sectors in the Helsinki Stock Exchange than the above list suggests. A total of 23 stocks. Practically everything that can be invested in is in stocks.
For a long time, ETFs made up about 20-25% of my investments, but then there were so many good buying opportunities in those Top10 U.S. targets consecutively that the ETFs had to go.
So now the risk and entertainment are starting to be quite high .
It’s rare to have a day when some stock doesn’t rise or fall by at least 5%.
I’ve tried a bit of everything in terms of investment styles during my short career.
First, I was a so-called index investor, then I collected falling knives, and nowadays I’m trying to follow some kind of momentum strategy, although there’s a bit of everything else included too. The portfolio rotates a bit too often, and maybe posting it here would keep it in check for a while
Investments from largest to smallest and the thoughts behind them. These are purely gut feeling (MUTU) analyses and should not be taken seriously.
Cash: It’s so frustrating to live with this when it doesn’t produce anything, but I have to try to learn.
Rapala: Valuation is reasonable and can recover quickly if the turnaround continues/succeeds.
Kamux: The Inderes effect will support the share price as long as the Swedish boys clear the jackpot.
Rovio: A trust case. When trust returns, the multiples will also stretch + what else will come out of it.
Robit: Well, let’s see what happens with this one.
Bittium: Waiting for those famous deals, plus I can hang around on Kauppalehti’s Bittium forum.
Remedy: Can hang around on Inderes’s Remedy forum.
Glaston: Good investor communications
Does the possible continuation of the trade war affect Hoivatilat’s business operations and growth drivers? No, it doesn’t.
Does the possible continuation of the trade war affect Harvia’s business operations and growth drivers? No, it doesn’t.
Does the possible continuation of the trade war affect Remedy’s game sales or growth drivers? No, it doesn’t.
Does the possible continuation of the trade war affect Talenom’s business operations and growth drivers? No, it doesn’t.
Does the possible continuation of the trade war affect Sampo’s dividend growth drivers? No, it doesn’t.
Does the possible continuation of the trade war affect Kamux’s used car sales drivers or the opening of new stores? No, it doesn’t.
Does the possible continuation of the trade war affect the structural competitive advantage of e-commerce or the megatrend of online retail growth? No, it doesn’t.
Does this week’s or any future market nervousness affect my own portfolio or emotions? No, it doesn’t.
I had the same discussion with myself and slightly reduced my stock exposure. However, I didn’t touch my favorites, Talenom, Revenio, and QT Group… I might regret it later that I sold Hoivatilat, Ramirent, Nokia, and Etteplan (although Etteplan once again yielded a planned 4-5% return, but my gut feeling says the price will rise to around 9 euros. I had placed sales orders at 9.10 and 9.30 before this Trump tweet.)
35% Pyn Elite (a fund investing in Vietnam, acquired in 2016, will remain in the portfolio much longer than Nokia)
29% Nokia (estimated investment horizon 2018 - 2025, buying more along the way)
3% OMXH25 expense-free index fund (Nordnet super)
2% Tesla
1% Dax short
30% cash
Long-term buying opportunities are waiting for a suitable market panic in at least Nokia, Kamux, Sampo, Fortum, and Qt Group.
In addition, there is real estate acquired 20 years ago for investment purposes, whose value is probably just under half of the combined value of the aforementioned.
Currently, the largest slice is in cash, waiting for buying opportunities.
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