Esa Tuominen’s pension portfolio is primarily made up of Nordea stocks. The criteria for selecting the stocks in his portfolio are very stringent, but after a recent drop in price, Tuominen decided to diversify by adding stocks from the Helsinki Stock Exchange.
Tuominen, who has been living off dividends without a job for several years, has seen a significant increase in the weight of Nordea stocks in his portfolio. This decision has proven to be wise as Nordea recently paid out attractive dividends to its shareholders. As a result, Tuominen’s investment in Nordea has continued to yield positive returns. However, he realized that he needed to diversify his portfolio to mitigate risk and reduce reliance on any one stock. Thus, he added stocks from the Helsinki Stock Exchange to his portfolio.
