Tolugt Mod er godt aa hava. Naar du tunge Verk maa gjera Tru du maa, at Retten vinner,
Tidt mot Straumen fær du kava, og fær Vantakk heim aa bera, naar han rette Tidi finner;
um din Rett er nog so god. tak det tolugt og ver god. men han trenger Verja god,
Ymist fær du sjaa og høyra, Fær du vera med i Reidsla og det verder langt aa bida;
som er ilt i Syn og Øyra; og fær inkje godt av Veitsla, mang ein Harm du fyrst maa lida.
tak det alt med tolugt Mod. tak det alt med tolugt Mod. Berre hav eit tolugt Mod.

- Ivar Aasen

Disclosure: I own many of the companies mentioned on this web page. The writing is my own, and it expresses my own opinions at the time of writing.
Additional disclosure: Not investment advice. You must take full responsibility yourself if you make any decisions based on what you read on this web page.

Investment portfolio

This is my investment portfolio updated in Oct 4th 2024. Return YTD is my portfolio return year-to-date measured against average investment. Return CAGR (for long term holdings) is the total return CAGR over the lifetime of my investment; I compute net cash flows on a yearly basis, and use this cash flow's IRR as an approximation of the CAGR return. (I assume (i) that cash flows during each year take place at year's end, and (ii) that the present holdings are sold at today's marked value). Performance 10Y is CAGR performance of the share (including dividends and splits) for the 10y period Jan 2014 - Dec 2023 (for Pareto Bank the period from Jul 2016, and for Kid the period from Jan 2016).

Investment Portfolio Weight Held since Return YTD Return CAGR Perf. 10Y
--- Updated Oct 04 2024 100% 18.5%

Cash and Bonds 11.4% 8.6%
Net Cash 0.5%
Heimdal Høyrente High Yield Bond Fund 10.9% Sep 2022 7.1% 13.7%

Equity Core 55.9% 19.9% 24.2%
Apple Tech Consumer brand 15.8% Apr 2015 20.8% 37.4% 27.2%
Bakkafrost Salmon farming 15.2% Dec 2012 17.0% 24.9% 21.6%
Pareto Bank Project bank 9.0% Apr 2014 29.1% 17.3% 15.7%
Sparebanken Vest Savings bank 6.8% Sep 2019 15.1% 24.5% 18.3%
Hermès International Luxory consumer brand 3.4% Feb 2022 15.8% 49.6% 23.1%
ASML Semiconductors 2.4% Aug 2020 5.8% 17.2% 27.2%
Berkshire Hathaway B Insurance diversified 1.3% May 2022 31.2% 29.4% 11.7%
Amazon E-commerce retail 1.1% Jul 2019 18.3% 11.3% 22.7%
Kid Interiør Interior retail 0.8% Feb 2018 16.9% 5.7% 28.1%

Equity Cyclicals 7.3% 28.3%
Hafnia Shipping Product 2.6%
Odfjell B Shipping Industrial 1.6%
Stolt Nilsen Shipping Industrial 1.0%
Himalaya Shipping Shipping Bulk 0.5%
Frontline Shipping Crude 0.4%
Vår Energi Energy EP 0.6%
DOF Group Energy Offshore 0.4%
Aker BP Energy EP 0.1%

Equity Diversified 25.3% 17.3%
Diversified AI portfolio 3.4% Apr 2024 13.0%
Diversified US portfolio 17.8% 17.4%
Mutual funds 4.1% 18.3%