The factor that has the greatest impact on our portfolio is the exchange rate difference between the Swedish krona (SEK) and the US dollar (USD). Today, the falling SEK has increased the value of our stock portfolio even though the share prices of our holdings have decreased.
In contrariety to today, when SEK weakened, it has strengthened significantly earlier this year. This strengthening is due to Swedish small savers abandoning the American market in favor of the domestic one. Today's strengthening of the Swedish krona may be a first sign that the Swedes' sale of American investments has ended and a weakening of the krona is to be expected in the near future.
Unfortunately, the air has completely disappeared from the air cushion I had in my Google Sheet in the form of the exchange rate difference. This means that we will not exceed the forecast until the krona has weakened further compared to today's exchange rate.
AI generated image with Grok
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