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 (-1,39 %) again built up a position.

$NDA FI (-1,39 %) is from our point of view the most attractive bank next to the $D05 (-2,49 %) 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.