I’m not commenting on the others, but that’s a frighteningly similar portfolio to mine
Instead of UPM, Nokian Renkaat, and Konecranes, my long-term ISA portfolio has Sampo, Harvia, Digia, and Exel.
So either we’re getting rich together with your grandma, or we’re going down in the same boat, may luck be on our side! I’m probably biased and partial in evaluating that, but in any case, in my opinion, it looks like a very smart long-term portfolio. I myself have looked for both stable dividend payers and potential “bank busters” for the ISA, which, if successful, could even multiply tenfold, and any potential capital gains wouldn’t have to be taxed heavily at this stage before cashing out from the ISA.
I’ve acquired Qt, Fortum, CapMan, Harvia, and Outokumpu during the Coronavirus period. I’m also keenly following Scanfil’s journey and a small company called Tecnotree (a turnaround is in progress).
Come and follow along and discuss these companies Scanfil Tecnotree
HOLD (alphabetical order, no indication of weight)\nFortum\nInvestor\nÅlandsbanken\n\nHold/portfolio reorganisation tools:\nAktia\nNeste\n\nSelling soon and buying again when things are working:\nSSAB\n\nAccidental churning - apparently - only as long as the big boys are shorting; later but not yet for a long-term portfolio:\nNokian Renkaat\n\nSo nothing innovative, but boringly safe. Currently with a profit of 2,702 euros. Luckily, there’s a more interesting non-OST portfolio. Tax-wise, it should probably be the other way around. Juurikki is always so bad at everything, but still happy.\n\nPS. I corrected it when I checked. You can’t lie. I removed Sampo @22.03 and Nordea @4.56 from the list, as I had accidentally bought them into a different portfolio, and added Investor and SSAB. Memory is good, but short.
Hey, can I ask why you hold long-term stocks on an OST (investment savings account)? I’ve been thinking about some kind of complex transfer operation (selling and repurchasing) from an OST to an AOT (securities account), mainly because of the potential tax advantage from the acquisition cost assumption for long-term holdings, and also because the collateral value of the assets might become important at some point. But is there something I’m missing here? I mainly own Norwegian, Swedish, and US growth stocks, which don’t generate much dividend income.
Likely checking/adjusting the internal balance of the portfolio. Over the years, there may have been significant increases in value, causing the weighting according to your strategy to become too high. Has the strategy changed, requiring the desired balance to be sought again? Sector-specific weighting might have changed, for example, through additional purchases. Those are at least a few reasons for rebalancing in my opinion: seeking a suitable balance for yourself regarding stocks, sectors, geography, etc., etc., as well as the ratio of growth stocks to dividend stocks—whatever each person aims for with their balance.
After this bad start, the performance on the OST has been better. Value €225,000, and sometimes I’ve taken Wärtsilä and Fortum out during strong rallies and returned them to the portfolio again at a lower price.
Contents in order of value:
Lapwall
Wärtsilä
Kemira
Fortum
Puuilo
Nordea
Sampo
Huhtamäki
L&T
Evli
Metso
Tokmanni
Remedy
Inderes
Of these, Tokmanni and Remedy were terrible picks and are significantly in the red. A small position of Inderes was added to the portfolio from the dip. The portfolio has been pretty much in HOLD mode as per the title, and trades are in different portfolios.
I have all my investments in a Nordea Share Savings Account, except for a few thousand in Lähitapiola’s private pension as funds (Seligson). In Nordea, funds account for 0.5% of the Share Savings Account’s value, meaning I’m ‘slightly’ in stock-picking mode. There are about 30 holdings.
A quick glance at your investment list reveals that there is hardly a single financial sector company (whereas I always have at least half). One would think they would turn up if one searches for investment targets based on, for example, the dividend payment you mentioned.
Absolutely true, the financial sector should be increased.
There’s at least one bank in my portfolio, my own SP, which I’ve now updated on the list.
Aktia and Nordea have been there; I’ve collected a couple of dividends from them and sold them for a small profit.
Nordea’s share price got a bit out of hand; I need to watch it for a while.
