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.