Here’s my monthly update:
Portfolio
Its been a busy month workwise. I haven’t had the time to do more research, just barely keeping up with whats going on. The US presidential election is already next month. I will probably keep a low profile next month as well.
I’ve bought a small positoin of Nordea Bank to my Swedish portfolio. I might increase my position. It’s a long term hold. The European Bank sector has been pretty week but starting to show some strengt. I’m mostly interested in Handelsbanken and Nordea at the moment. I’ve been reading a few Swedish blogs and they seem to like them. I’ve been a customer of them both for some time. I like them both.
I’ve increased my positon in Hufvudstaden AB and silver futures. I’ve stopped out of my oil with a loss.
Foreign portfolio: I’ve sold Gold Resources and Coresite Reality. The first one I stopped out due to price. The latter due to time.
I’ve added to my Bitcoin XBT position. I want to add more and I also would like to buy a litte more each month. Looks strong. I doubled upp on my Lufthansa (LHA). It should have been stopped along with my Google position but I was too busy with work. Both are now less than 1-2% each of total portfolio value. If the drop more I will sell.
My trading account has been pretty neutral. I have way too many positions. They are green though so I’ll wait and see.
Best interesting links this month:
https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804
https://www.goldmoney.com/research/goldmoney-insights/china-is-killing-the-dollar#.X2WX-l4umiI.twitter
Lessons learned:
Got to honor stop losses even if I’m too busy working with other stuff.Fail.
Plan for October
- Perhaps buy some Bitcoin and lay low on everything else?
Reading list
- I’m still reading Extraordinary Popular Delusions and the Madness of Crowds
Available for free at https://www.gutenberg.org/ - Summary of Berkshire letters (see July monthly update)
Good luck and trade safe!