BjerkerøstetVelforening
Följare
Följer
3 stars
Rating
Guiding philosophies for pension portfolios:
1. The portfolio will only consist of equity - no bonds. “100% stocks until you die” – Sættem rules.
2. There shall be no cash - all cash invested at all times.
3. No single equity entities – ETFs and funds only.
4. Diversification is a free lunch meant for frequent consumption.
5. Apply factor screens where possible. Where a market is not covered by a factor-investing option, the index option will be chosen. In markets where there are no factor-investing options nor index options, otherwise active investing-options will be chosen.
6. Distributing ETFs and funds will be avoided where an accumulating alternative is available.
7. ESG restrictions will generally be avoided where a non-ESG restricted equivalent is available.
8. A core aim for the portfolio is to provide liquidity to markets where liquidity is scarce. CAPE-ratio, matters.
Trading rules for pension portfolios:
1. Maintain low transaction costs - every ETF purchase must be within parameters for the lowest transactional costs available on Nordnet (Mini), roughly <25K NOK at the time.
2. ETF sales can only occur when a position can be broken down into appropriate repurchasing sizes, within 10%. As such, sales should not occur until a position has at least doubled in size.
3. A decision to sell is only allowed when diversification potential is present, rebalancing is necessary, or the asset otherwise changes nature disfavorably.
4. For sums smaller than 25K NOK, these will be placed into low cost funds with factor screens. If there are diversification potential in low-cost ETFs, fund positions of lower diversification potential will be sold in order to purchase ETFs. When there is no significant diversification potential in low-cost ETFs, diversification will be built out in higher cost funds and/or ETFs.
Logga in på Shareville för att se innehav.
Logga in
Aktier och övriga värdepapper
Andel
GAV
Avkastning
Fonder
Andel
GAV
Avkastning