This might end up being relatively stupid move but I sold my 30 shares of Lockeed Martin for 578,00 USD per share with roughly +26% profits + dividends. This was mainly motivated by the current state of US government: while they are very likely investing heavily in defence, they are also talking about stricter control for defence companies. Further more tensions with Europe are very high due to the insane Greenland issue they claim to be having. It’s very likely that European countries, and likeminded countries elsewhere, will opt out from US weapons systems as much as possible. These tensions will probably go up and down as long as Agent Orange is playing his game, therefore it’s probably quite likely that Lockheed Martin will evantually go down in price even significantly. At that time I might consider byuing these shares back but that is not guaranteed, so messed up is the whole trans atlantic situation.
For now as a strategic move I deployed this money in European positions to substitute the lost dividend income. I bought 300 shares of Franklin European Quality Dividend UCITS ETF for 33,601 EUR per share and 300 shares of XACT Nordic High Dividend Low Volatility ETF for 160,92 SEK per share. Probably a bit high valuation considering the fact that we just had a relief rally after Trump’s latest TACO move after Davos but it is what it is. Slight reduction in US and especilly USD exposure is the key here.
See: https://edition.cnn.com/2026/01/22/business/europe-trade-bazooka-trump-china-intl