12.19.2024

Always look on the bright side of life 🎶

The Swedish krona weakened yesterday against the US dollar and would have increased our portfolio value. Instead, it didn't even work as a small band-aid as the value was literally massacred yesterday. The value of our portfolio fell by more than $16,000 yesterday as the Federal Reserve (FED) projects fewer policy rate cuts writes the Investopedia.

Additionally, we learned yesterday that an announcement that could have a major impact on us, depending on the outcome, will be postponed until next week. That means we have another week in limbo.

The positive thing is that the increased dollar exchange rate enlarges our dividends, which provides greater purchasing power and, with lower share prices, larger acquisitions.

AI generated image with Grok

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