Nordea's price increase was a wake-up call. Even though the brokerage was just under $1 for these single stock purchases, they were still a cost and sometimes an additional $1 when we sold the stock after we decided not to invest in the company. Additionally, we locked up quite a bit of capital in stocks that never qualified for our portfolios.
6.21.2024
We live and learn
Due to changed conditions, we have stopped buying minimal control posts for some time now. Since Nordea raised the price for brokerage, it has become economically indefensible to acquire these small posts. Therefore, we have changed our behavior, instead of acquiring individual shares in a company, we have created a fictitious share portfolio in Seeking Alpha where we follow companies we are interested in.
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