What I would do if I were in my twenties

I know it is odd to get life advice from a 35-year old. Life advice usually comes from celebrities or old people.

But I think it is great to get advice from someone who stills remembers how it was and has a somewhat good idea of how the worlds works today.

This makes the advice more realistic and more down to earth than say an advice from Kanye West or my wifes grandmother who’s 87 years old.

Here is my list of things I would do if I was in my twenties:

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New year and a new strategy

New year and a new me.

Maybe a bit of a reach, but I have a new stock strategy at least. The strategy is an outcome of a new broker and their beneficial pricing regarding stock purchases in smaller amounts.

Until now I have used Nordnet as my only broker. They have no fees besides a trading fee of 0,1% This is quite good, but there is a minimum trading fee of 3,8€ and over 10 € for US stocks. There are many great dividend stocks in the US, so this price is a bit steep for my taste.

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Buy Toyota stocks and get a free car

I know the title is somewhat of a cliffhanger – so dear reader: Please hang on. I will get to it in the end.

First I would like to explain our current situation. We have decided to move. The 1st of march we move from Denmark’s second biggest city to a smaller (cheaper) town. It is closer to our parents, which is the main reason for the big decision.

The decision has a major impact on our life. We need to sell our current house. We need to find a new home. We need to find daycare and jobs and so on.

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First buy: Novo Nordisk A/S

We have liftoff!

It feels so great to be underway on my (hopefully) big FIRE adventure. My strategy is to buy different dividend stocks. In a later post I will explain my strategy in detail along with my criteria for buying a stock.

But enough talk and to the business: My first buy is danish company Novo Nordisk. They make medicine and their key business is insulin for diabetes patients.

The data:

  • Novo Nordisk a/s
  • Stock price: 40,20 €
  • P/E: 18,89 (source: nordnet.dk)
  • Dividend (2018): 0,76 € (bi-annual)
  • Dividend ratio: 37 %

I have bought 19 shares resulting in a forward dividend of 14,47 € per year.

Disclaimer – You agree that the use of europeandividend is at your own risk. In no event should europeandividend.com be liable for any direct or indirect trading losses caused by any information available on this site. I blog about my personal trading and is by no means a trading professional. 

First post

Welcome to European Dividend Blog!

Here I will post my journey towards FIRE (Financial independence retire early). I will primarily blog about dividend stocks and crowdlending. My goal is to create passive income to replace my normal income within 10-20 years.

Happy reading