With the market crash wiping out the majority of the meagre but multi-year gains I had from my holdings in the Norwegian stock fund DK-PBNOR, I decided, last Friday, to switch it all to DK-GREEN, as I mentioned earlier.
DK-PBNOR is a oil-soaked fund with a slightly high risk profile, tracking the main index in Norway. I held it for 15 years; peaked at +89%, now down to +19%. DK-GREEN invests in low-carbon industries and clean energy across Scandinavia, and is doing much better — especially, the last year or so.
What pushed me to finally switch on Friday, was that I got a message in my online bank account, alerting me to a lawsuit against DK-PBNOR, arguing that they have underperformed and overcharged. They lost the case and now have to pay back fees and compensation. Great. Not much money overall, but nice to recoup some of the decline. Bad pick, though.
It is ironic that my "safe" holdings, my diversification, meant to balance the risk of my very large AMD investment, should end up nearly flat, while AMD is holding up nicely, despite the current turmoil. Meanwhile, the strength of the dollar has counteracted much of the fall in the AMD stock price since the all-time high, so I am still up on the year.
Today looks good in the premarket, and Intel did particularly well yesterday, despite a down market, probably on the back of an increasing number of reports of strong demand in the IT sector, as well as the recent calming letters from Intel and AMD to their partners regarding supply.
Good luck to all you traders!
PS. "Even as the sell-side debates the extent of the damage the COVID-19 pandemic will inflict on chipmakers, Intel Corporation and Advanced Micro Devices, Inc. appear to be going strong in the face of the adversity."
finance.yahoo.com |
