First quarter of the year is over. In many ways it was as turbulent and those before it. War in Ukraine is still going but US threw minor banking crisis in the mix to spice things up. This didn’t hit my portfolios too badly. Main portfolio dropped -3,54% during first quarter and dividend income during quarter was solid 2486,69 EUR before taxes (converted to EUR on April 1st). This included part of the dividends paid out by Nordea which were already registered on one account during March even though actual pay date is on April. Then again BHP dividends were not registered in time.
Rest of the year appears to be quite foggy. This banking crisis is looming but to me it doesn’t appear likely be a huge hit, at least if moral impact is not considered. War in Ukraine is likely to go on for a long time but Ukraine seems well positioned and I don’t see how Russia could walk out of this with anything that could be counted as victory even by Russian standards. Finland is having elections tomorrow and chances are that we will get new government to clear up the economical mess left behind. If everything goes well, Finland might also be a NATO member as early as next week. These two have potential to enable positive loop for us but start might be painful. It remains to be seen if this would lead into more sensible taxation environment. For now I’ll probably continue adding on stocks with moderate pace. In other words I’ll not maximise purchase but will let cash to gradually build up until better opportunities come up.