Monday, September 28, 2015

Changes to portfolio

Crazy times in market...

That can be viewed also as an opportunity to make changes.
- And change we did.

I have made a few changes recently to our portfolio that are significant enough to be mentioned:

  • Cisco Systems (USA)
  • Microsoft (USA)
New positions:
  • Volkswagen (Germany)
  • Market Vectors Oil Services ETF (NYSE: OIH)
  • Vanguard Health Care ETF (NYSE: VHT)
Added to following positions:
  • Chevron (USA)
  • Statoil (Norway)
  • iShares MSCI Global Select Metals & Mining Producers (NYSE: PICK)

Which one stands out?

That's right... Volkswagen. Well, that's purely opportunistic position in a stock that I have once considered, but didn't buy at the time. I don't think we would be in there without the huge 40% drop following the emission scandal. Only time will tell how good or bad time this was to enter.

Otherwise this change is about shifting money from IT to other focus segments of ours: Oil & Gas, Health Care and Mining sectors.

Sunday, September 6, 2015

Two positions above 10% of portfolio

Due to recent wild swings in the market and our portfolio allocation changes, we have now two companies that have above 10% share in portfolio.

These are Fortum (Finland) and Siili Solutions (Finland).
My most recent posts about these companies here (Fortum) and here (Siili Solutions).

Overall, this year has potential to turn out as our worst year vs. benchmark, but we have still roughtly 4 months to go, so let's see.