Nordea

After almost two years of holding Nordea we decided to finally sell. The valuation has risen substantially and we feel the need to lower the risk level our our portfolio. We received a hefty 66% return (without dividends). This was one of our best investments ever in this portfolio. Super happy! The cash level is now at 23% of the total portfolio, which doesn’t feel too bad. We are aiming to put some of the cash in some diversified ETF over a longer period of time. However we feel uneased to drop the cash under 15%.