I impulsively sold my entire Russell 2000 ETF position, which was just over 5% of my portfolio, after 15 seconds of deliberation while listening to the latest Pörssipäivä (Stock Exchange Day).
During these 15 seconds, I went through the following train of thought:
A guest on Pörssipäivä (Stock Exchange Day) said that they don’t invest in small-cap indices because they contain a lot of junk.
My own strategy includes a high index weighting (~2/3), for which outperformance is achieved by making selections from the small-cap sector, mainly from Hesuli (Helsinki Stock Exchange). I therefore decided to strengthen my strategy by focusing solely on large companies within indices, as I feel I am even worse at selecting them than I am at selecting small companies.
Trump’s inflationary economic policy slows down interest rate cuts, which will hit indebted small caps, as already seen. I wish this Pörssipäivä (Stock Exchange Day) episode had been made last week.
With the sale, the portfolio is no longer leveraged. So I got more chips to destroy my capital by rummaging through Hesuli’s (Helsinki Stock Exchange’s) trash can.
Immediately after the sell order, I read a message from Nordnet, in which they lowered the interest rate for the gold level of Superluotto (Superloan).
There’s time for trading when the rest of the family arrives in Spain on Saturday and Sunday. I bought back 400 shares of Mindia from Wednesday’s drop and sold the same amount today at 8.10 USD.
The banking sector has been missing from the portfolio and Nordea cannot really be considered expensive, so a slice of 300 pcs at 10.20.
Fluence Energy exited the portfolio a couple of days ago with a stop-loss at $15.81
I bought the shares back today at $14.93
Justifications in the Fluence thread, the thesis has remained the same. The movements are big, stop-losses are challenging to set correctly, but this time it went quite okay.
In options for January, the €18 level is interesting https://www.marketwatch.com/investing/stock/flnc/options?mod=mw_quote_tab
And so the funds freed from Kamut, though diminished, were moved to Nordea at 10.09e. Now I have a good stack of Nordea, but I’ll add more if it goes below a tenner.
To celebrate payday, monthly savings were put into Nordnet World and Nordnet Denmark index funds. I also placed a bid for Nordea at exactly €10, but it didn’t go through today.
Small addition to Novo Nordisk yesterday from a -20% dip. That Danish giant also pulled the entire Copenhagen market down by -10%, so a small addition to the index as well.
CagriSema’s results fell slightly short of market expectations, but a fifth of its market value was wiped out. During the day, it was probably at its worst with a quarter wiped out. This news, of course, largely benefits Eli Lilly, but if the products are more or less equally good, one would think there’s still enough market for both.
Added 74 Nordea shares at €10.09 for myself and 250 shares at €10.09 to my mother’s portfolio. Hit the day’s lows nicely. If the decline continues next week, I will buy more.
Another grand’s worth of Evo into the portfolio. This has indeed become a classic value investor’s dividend machine. Low multiples, growing dividend, and the market shuns the company.
Edit: I placed a limit order for a new batch at 801 SEK. Looking at this rate of decline, 701 SEK would have been a better spot for the limit order.
Edit2: The limit order had indeed caught 14 pieces of 801 SEK Evo-cod.
Novoa and Evoa acquired from the Christmas market. A balance of terror, meaning they pull in opposite directions. I don’t own Tokmanni, but now I’m heading to Kittilä’s shop to buy the essential Christmas lights for the house
That Danish giant also pulled the entire Copenhagen market down by -10%, so a small addition to the index as well.
Outokumpu 
1750 pcs at an average price of 2.837. The position is strengthening steadily.
