Rebalancing: Sold some Kopparbergs and added more to Sampo Group
“Rebalancing is the process of realigning the weightings of a portfolio of assets. Rebalancing involves periodically buying or selling assets in a portfolio to maintain an original desired level of asset allocation”
Today, I sold some of my Kopparberg shares which I bought during the December crash and reallocated to Sampo Group.
The call was pretty easy – as you can see, I intend to have a higher weighting in Sampo than Kopparbergs, so that’s why I sold.
Sampo is currently trading at an attractive valuation with a yield close to 7.10%. There’s a general bear market for Nordic financial stocks right now, so finding the assets with the best risk/reward is key.
Sampo Group Summary
Revenue up, dividends up, book value up. Exactly what I want to see from a financial firm operating within the insurance segment.
This is how my “dream” portfolio should look like.