1Yr·

Back and forth makes pockets empty?


Maybe that's true, but maybe we also manage to successfully market timing 😅


After we halved our position in Deutsche Post last week to build up cash, we took the opportunity after the general correction in the market and built up a position again at $NDA FI (+0.1%) again built up a position.


$NDA FI (+0.1%) is from our point of view the most attractive bank next to the $D05 (+0.11%) from Singapore.


The main reason is the cost structure. The cost-income ratio is less than 50%, which is better than most other banks.


The dividend yield is competitive despite high withholding tax. Nordea is one of the largest banks in Northern Europe, an economically strong region.


10.07
Nordea Bank logo
Bought x65 at €9.708
€631.02
2
2 Comments

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Maybe you manage to do market timing successfully, maybe it was just coincidence? After all, you kept all your other positions before the correction. 🤷
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