6 Stocks for the Buy & Hold in 2024 (+Patreon Update)

[@Wrex327]

Wittchen is a great company, strong brand and great management. I love what Jędrzej Wittchen once said " We negotiate everything with everyone, that's the way we operate." They expand into western europe and offer best quality for bucks paid in their segment, which is "good but not samsonite type of good". I think Wittchen and Samsonite can exist in the same world.

[@golfinguru11]

Zumiez is a hilarious pick if you’ve ever been to one of their stores. Yikes.

[@christmas10023]

NYC had stores called DAFFYS They had nice clothing nice prices and were primed to grow. They didn't last long. SUDDENLY CL0SED.

[@TheSwedishInvestor]

... and if everyone thinks that way, it can still be a good pick 🙂 Howard Marks: "There’s no such thing as a good or bad idea regardless of price"

[@seanjohnson7708]

Up about 12% since the video was released, obviously zumiez is not going to be the next Nike but a 12% return is what some expect in a year whereas zumiez has done it in a month. I hate zumiez but the stock price is discounted because everyone thinks it’s so shit

[@Hops_Heaven]

Now Zumiez is up some ~50% since the release of this video. Currently, it doesn't look like a "hilarious" pick

[@leswhynin913]

I enjoyed the evaluation of small caps in this video

[@lappodamy5826]

I always love hearing about your summaries of books, hope to see more of those along with these stocks picking examples too!!

[@dennisdao22]

From a business standpoint, awesome job with the video, offering half of your portfolio and offering the rest on your patreon! Will definitely be looking forward to it ^^ I’d love to hear more of your thoughts on great companies at fair prices. Love from the United States

[@kiskka]

Great video, bro. Made me want to check your patroen. Good ideas, but i felt like that you are too focused on numbers, focusing more on sustainable competitive advantage might be better. I think you are doing great job.😁

[@captainawasome8985]

Instead of Olvi I would buy Anora group. A similar buying the dip is Remy Cointreau SA and I just bought some building a bigger position.

[@David-dk4cg]

I also have a position in ZUMZ. Out off favor industry, strong balance sheet and management, insider buying (when i bought). Btw I really like the video.

[@MyG12349]

You've made a video where you bought TTEC as well. Since it's down so much now, I wonder why it hasn't been taken up in this video, since if you bought it at 20, 6 -ish must be an even better bet (quoting Peter Lynch) ;) ? Or what are your thoughts on TTEC right now?

[@TheSwedishInvestor]

Hey MyG12349, it's a good question. The video you are referring to was one where I tried to pick a portfolio in just one sitting. I think I'm pretty clear in explaining that I only committed a very very small percentage of my total capital towards these companies, simply, because it's too little time to really evaluate and pick 10 companies. Even with that caveat, I think that the video should be able to teach a lot of people some basic thinking about stock picking, in a very practical manner which I don't really think that you see in many other places here on YT. TTEC is (so far) the worst pick from that portfolio. It's not a company that I have any significant amount of capital invested in, it's not a part of my "main" portfolio which is presented in the Patreon. For this reason, not much time has been spent with the company and I can honestly not say if it's a better pick now than it was at the time when I bought it in December. There are too many other companies that I find even more interesting and time spent on TTEC must be prioritized away form those companies, which is a tradeoff I'm not willing to make currently. With that said, there will be a small update in December this year, once that portfolio has been live for a year, which I think I state in the video too. After a year I think it's more resonable to discuss if it was a good idea to assemble a portfolio in a single sitting or not, and that will also decide whether I try to do it again or not. Cheers!

[@majidalmarzouqi4820]

Best one in youtube!

[@ASke-v8k]

can you maybe make a video on what to look for in a stock and how to find thoose informastions

[@thisissparta4143]

Good video I won't be buying the companies because they are outside my circle of competence, and may not have a durable competitive advantage. But I appreciate the analysis.

[@Allen-L-Canada]

I won't be buying anything outside US and Canada.

[@alexc5228]

Buying a usef cardealership with 3% margins and talking about moat is hilarious.

[@Kazrain973]

I see a lot of harsh criticism on this video. I do like your videos, and i think opening honestly about your investment is nothing that deserve such an attack. In any case, time will tell where your picks lead you. Good luck and good work!

[@blakeaaron5698]

Thoughts on WBA (Walgreens)?

[@anasscherkaoui1]

I followed your strategy and I invest in TTEC OLVI and Kamux. I m losing right now more than 1000€ because of those decisions, but is not your fault coz I invest in stocks out my circle of competence, and now I m stuck in the loss aversion bias, should I cut my lose or should I wait a bit to sell those useless stocks

[@OutrunBeats]

I could not find those stocks in my broker. What broker are you using?

[@cauenouer5302]

O really like your channel. I’ve watched almost every video! BUT you lost me on “Buy and Hold for 6 MONTHS”… I appreciate your work, I hope this is a constructive feedback! Keep doing the amazing work on book reviews. :)

[@LuisIlva18]

He means Buy and Hold for 6 months and Then Re-Evaluate your options, this is the way of thinking he is pushing forward, I'm pretty sure of it. And it makes total sense, does it not?

[@sethaaron95]

he's back

[@Karol33]

I own Wittchen and I regret I didn't buy in 2020 as I planned.

[@WaryofExtremes]

Looks like it's heading for the same price as back then...

[@mike_valueinv]

Really nice outperformance, just a couple of questions connected to the concentration of the positions and rebalancing within portfolio. How many stocks do you usually own in the portfolio or what is the usual % for one single position (you introduced half portfolio - 6 stocks so it might be 12 stocks)? How often do you rebalance and what is usually the selling trigger? Thank you.

[@TheSwedishInvestor]

Hey mike, cheers for the questions. There's usually 10-15 stocks in the portfolio and a single position, during the last few years at least, has been around 15% maximum. The rebalancing should be ~ish once every 6 months, but if Mr. Market is too irrational we might want to do something in between such periods too. The selling trigger is always based on opportunity costs. When we think that there are better opportunities out there, we will switch. Sometimes this is caused by a stock increasing too much in price, sometimes it's caused by a decline in the business that makes us uncertain about its future.

[@mike_valueinv]

@@TheSwedishInvestor Thank you for the answers. They are useful to create the whole picture about the strategy.

[@hrisbysaha3782]

Hey, people writing about Papenova here in comments are just advertising and misleading others, so can you delete their comments or smth. Love your videos❤

[@leswhynin913]

What do you think of Evolution Gaming and Betsson?

[@evanh7009]

Love your videos!

[@kyn7561]

Love your videos man

[@user-ku5oo2cl3z]

Hey The Swedish Investor, you should remove the scam/bot comments. They make your comment sections look bad.

[@TheSwedishInvestor]

Done ✅

[@bigmanjack4297]

Great vid mate but can only buy 2/6 of the stocks on freetrade and t212, what platform are you using to buy these please?

[@TheSwedishInvestor]

Hey! I use a Swedish one called Avanza, but one should be able to access them through Fidelity, Interactive Brokers and Degiro too, if I'm not mistaken. Sometimes you'll have to call the broker (that's what I need to do at Avanza), the companies aren't available directly in the app/at the website. Always make your own analysis before buying, of course :)

[@bigmanjack4297]

@TheSwedishInvestor Ok nice one, thank you for the advice, im keen to join your patreon, do you offer a 1month free trail by any chance please?

[@lihapekka2625]

Haha great pick with Kamux I bought the stocks as well as a Finnish

[@masoudbahraini2291]

What do you think about Orrön and Heimstaden (both listed in Sweden). They look cheap but maybe I'm missing something.

[@NudelKungen.]

Neither are cheap in my book and if you have watched the swedish investor you know he would never invest in either, heimstaden is just a pile of debt and only the prefered shares are listed. This is just a interestrate bet and is outside his circle of confidence. Orrön has unrelieble earnings and trying to fins out what its actually worth after the restructuring and namechange is very hard. Personally id stay away from both.

[@manaburn5585]

Sick video! Its unlikely that I will invest in these, not becuz they look bad, but becuz its clear that you have been inputting a lot of research into this and that to me, the companies feel out of reach! But solid analysis, and I think its really fun to see what stocks my favorite finance youtubers are looking at. Do you know a company with business quality "5/5" that sells at a fair price? I know that would pique my interest!

[@TheSwedishInvestor]

Hey manaburn5585, cheers for the feedback and the comment. Yes, one that we've been eyeing is AG Barr, its quite cheap, or at least it has been, and I'd say that the business quality is considerably high. It's a beverage company an their brand IRN-BRU is pretty much the only one in the western world which is more popular than Coke in a local area (Scotland). Check it out!

[@manaburn5585]

@@TheSwedishInvestor thank you so much! I have to to show support to good content ^^

[@sergioperez1543]

Hi man, just wanted to give you some feedback. I've started watching your videos a few weeks ago and I love them. I've seen that you've been getting very bad comments for the last videos, since you give specific stock advice. Honest question to the rest of the viewers, why? I find it hilarious that everybody loves a channel that gives information about picking stocks to beat the market, until it talks about picking stocks to beat the market, then suddenly everybody hates it. Anyways, I think a good alternative path for your channel would be financial education. I'm not taking about 'save your money invest it in the sp5000', but i have seen many people in the comments extremely lost about things like EBITDA for example. Maybe a video explaining the concept for beginners, as well as some more advanced discussions would be a great idea and well received by your subscribers. For the advance discussion, I know that investors at my firm strongly prefer turnover over ebitda, something related to that may be a good idea. Cheers, keep up the good work.

[@floppitommi123]

im located in the us, how do you guys buy foreign low cap stocks? what broker?

[@Wrex327]

Do you have Saxo Bank?

[@andromedaaa7]

Hey dude! I’ve just gotten into investing and I currently hold 5 shares in Autotrader (£AUTO), 2 shares in S&P500 (£GSPX) and 1.37 shares in LOAR ($LOAR) - which is an aerospace component manufacturer (new to stock market) Are these deemed worthy by your standards as an experienced trader/investor?

[@erics9487]

You definitely won't go wrong with the s&p 500 fund. I don't really know those individual stocks.

[@andromedaaa7]

@@erics9487 yeah I personally think that Autotrader is good because it’s in an uptrend but I don’t know if I should go for more index funds?

[@prat-man]

If you are new to investing and fairly young, Id always recommend large cap growth ETFs instead of SnP500 VONG VUG QQQM are all good options for large cap growth and outperform over long periods

[@andromedaaa7]

So could that lead to bankruptcy?

[@lennard3204]

When you talked about Olvi I also had to though about Mohnish Pabrais turkey bets in Anadolu Efes and Coca Cola Icecek, cool that you mentioned him here. Olvi for me definitely the most interesting on your list.

[@mahernajjar1255]

Why do you use EV to EBIT rather than EV to earnings or cashflow?

[@TheSwedishInvestor]

Hey mahernajjar1255, great question. If one uses, for example, EV/E, then companies with much debt are being punished twice. First, in the numerator, where we increase that number by adding back the net debt. Second, i the denominator, where we decrease that number by subtracting interest expenses stemming from that debt. Although we like to be careful with companies with much debt, that's a bit too harsh, we think. The same argument can be made for EV/Cash. One could of course do some adjusted calculation where the interest expenses are being added back in the denominator, and we've done some of that stuff historically. In fact, we like to look at an even more complicated metric, sort of an adjusted EV/EBI, but that's beyond the scope of this video and something that most wouldn't be interested in anyways/it doesn't add much.

[@mahernajjar1255]

@@TheSwedishInvestor EV to EBI would be perfect, my reason not for liking EBIT is that taxes are a cost of doing business and in European market that cost can be quite high resulting in artificially low multiples. I would give your viewers the benefit of the doubt with some more advanced material or analysis on these videos because us that have watched all your book summaries before have good knowledge. Tack så mycket ock kämpa på!

[@leswhynin913]

Careium has potential

[@Peter-cl5cd]

I found around 11% dividend yield for Wittchen. Crazy. Is this correct?

[@michaurbanski5961]

Yes, the dividend will be 3,57 zł, the current stock price is around 32 zł, so the yield is around 11%. Last year it was 8%, two years ago over 13%

[@Trooperos90]

It is

[@BookOfMemme]

är det 100miljonersmannen?

[@Trooperos90]

You read Wittchen as 'Vithen'. Im polish.

[@PJski]

If I had to correct Polish people every time they incorrectly say foreign words - it would be a full time job for me. ;) Pozdrawiam. ;)

[@winterheat]

how do you buy Wittchen when it is on Warsaw Stock Exchange

[@fcpolon1a543]

I think you can invest on GPW from abroad. If not, you get to have investment AND vacation to Poland

[@Trooperos90]

Ibkr, degiro, saxo bank, xtb, swiss quote etc. Just find a broker

[@abdullahmuzaffar7486]

When you hear the word EBITDA,you should rather think bullshit earnings 5:35

[@TheSwedishInvestor]

If you are referring to the amortization that we're adding back for Careium, that's not the same thing that Charlie Munger meant when he said that quote. Buffett & Munger are very cautious about depreciation, but amortization can make sense to add back at times (see for example the appendix to Warren Buffett's letter to Berkshire Shareholders from 1984: www.berkshirehathaway.com/letters/1983.html )

[@ominollo]

interesting companies😀

[@winterheat]

were you attracted to these companies because you buy their stuff in the first place?

[@TheSwedishInvestor]

Hey winterheat, great question. Some people might want to tackle the problem of stockpicking that way (Peter Lynch has made a comment about that as you might know), but I like to attack it from more of a numerical standpoint. So I tend to rank companies based on variables that represent the quality of the business (growth, ROIC, perhaps earnings stability) and price, and I'm then getting a list with the most qualitative companies at the lowest price at the top. I start from the top and check out the qualitative aspects of the company. More on this in the Patreon, but I've hinted at the approach before: kzbin.info/www/bejne/ZmqwgpSEqLqSbac kzbin.info/www/bejne/nKO4fXqBdtd3hM0

[@jasonkamadi9649]

Can you explain a book to find company with good GCG

[@sebastianfranzen8972]

Uploaded 3 second ago😊

[@vegbeg9170]

Speaking of price if companies were based in the US, any opinions on Tencent? Or Chinese stocks in general.

[@LCCDesigns]

Hi! My name is Luís and I'm a graphic designer who is passionate about creating thumbnails, banners, and more to provide streamers/content creators with high-quality designs at an affordable price. With 5+ years of experience, I consistently prioritize the satisfaction of my clients by being in contact with them to fulfill their expectations. I've started working in the gaming industry, but I have moved my focus to a more generic area, creating all types of designs to match the clients' needs.

[@2WinorNt]

Still hiding your portfolio behind a paywall? Thought by now you would have gone back to basics and sum books and stocks. Last couple of years we have been in a bull market so showing high percentage performance is not much to brag about, if recession happens soon then small and mid caps will go down hard.

[@alexc5228]

Looking at EV/EBIT and talking about cashflows bro its not a good proxy. Why not talk about operating cashflows and/or free cashflows and talking ablut capital allocation? You can do better than this, i hope.

[@TheSwedishInvestor]

We focus more on ROIC, and typically, in a normal situation, a company with a high ROIC will also produce high "owner earnings", operating cashflows, free cashflows, or whatever you want to call it. Money that can end up in investors pockets.

[@alexc5228]

I notice you focus on buying cheap stocks. However most of the time stocks are cheap for a reason. Which will make you fall inte valuetraps. You need to focus more on business quality. With these trash companies you wilk underperform. You reference buffet & munger alot but you dont do nothing close to what they say man.

[@TheSwedishInvestor]

Hey alexc! Fair criticism, when focusing on cheap companies one must definitely try to avoid value traps, and it's difficult to know exactly where to draw the line. "Trash companies" is very exaggerated imo when speaking about companies that are market leaders with decent ROICs. "Trashier" than the biggest companies in the S&P that most people spend their time with? Absolutely, but they're also at 3-4x cheaper multiples :)

[@alexc5228]

​@TheSwedishInvestor reading my comment later made me realize i sound arrogant not trying to sound arrogant or anything i have followed you for around 3 years and love the channel but roic is historical and at the end of the day its about if it will sustain going forward and what margins will be and at what price. But I don't se any moat or quality around any of these. Sometimes being market leading in a industry is still not a Great thing. Cheers.

[@ASke-v8k]

im up 32 % acording to my broker

[@cirentXD]

Do not pick zumiez

[@zydek12]

Wittchen

[@sirloin8745]

(Bearing in mind, AAPL halved in value several times in the last twenty years or so? 😬

[@abdullahmuzaffar7486]

I've watched and learnt alot from this channel but this video was outright disappointing,not becz of the returns but becz of the terms used during the video especially Ebit/EBITDA mean etc

[@TheSwedishInvestor]

If you are referring to the amortization that we're adding back for Careium, that's not the same thing that Charlie Munger meant when he said that quote. Buffett & Munger are very cautious about depreciation, but amortization can make sense to add back at times (see for example the appendix to Warren Buffett's letter to Berkshire Shareholders from 1984: www.berkshirehathaway.com/letters/1983.html )

[@BasKryptic]

If it had a follow mode I would be sold! I hate using the remote unless I absolutely need to...it really distracts me from focusing all my attention on the next shot!!

[@timoverdijk3176]

Jup i also found wittchen

[@fcpolon1a543]

Too much relying on historical data to be honest

[@nordicexpat]

Strange videos nyligen kompis

[@thereal50won]

Channel going downhill

[@aayush-ex8nx]

Yeah think so too he should but he could probably improve by going back to book summaries before it detoriates too much

[@TheSwedishInvestor]

I'm sorry to hear that you think so Trap-gg2jy! I was hoping that a little more concrete stock picking would help with the general education for investors on this channel, in conjunction with all the theory that's been presented in the past.

[@mahernajjar1255]

@@TheSwedishInvestorIt is a nuce idea actually do not take these comments too seriously. It’s also nice that you are trying to apply the knowledge learned on companies that most of us would never have heard about otherwise!

[@grandpafrogie]

Bearish phase Perhaps already mature company, lot of passive income, no need new vids and views.

[@djpuplex]

RIP this channel. I remember the summaries and takeaways.

[@zachishly]

This video would make more sense if it were released on April fools

[@sriharix9561]

First comment... Pin please!

[@MartysHairline]

DENIED

[@Rraja3603]

Bro, are you committed because nowadays few videos from you.

[@maguilla]

Stick with the book bro! You did great books reviews and teaching, maybe even put some pdf books quotes or the important topics for sell I will buy . But stay away from stocks

[@TheSwedishInvestor]

Hey maguilla, cheers for the feedback! It's just that I've made almost all the books on investing. I've tried reading a few more that haven't been presented on this channel, all of them just repetition of what's been covered previously, haha. However, would you be interested in books on other topics as well?

[@maguilla]

@@TheSwedishInvestor well now that you have almost all the book is time to make small books 50 pages max if that with the most important book topics summarize them all, to what is the truest essence of the essential information, put some graphic table just like you on the videos step 01,02,03….. and charge. Start with the Bible’s of finance first . Let me know I will be your first buyer

[@aayush-ex8nx]

​@@TheSwedishInvestoru could expand into books or info on how investors can save taxes on investments or international structuring or basic pyscology of using things like trust funds to not own their investments but control them and one great book recommendation for u. ZERO TO ONE

[@viacheslav1]

😂😂😂😂

[@IlPookiell]

Lol nobody touching these companies

[@jdr4674]

Very weak companies. I pass.

[@TheSwedishInvestor]

Very weak companies I definitely do not agree with. Weaker than the biggest companies in the S&P that most people spend their time with? Absolutely, but they're also at 3-4x cheaper multiples :)

[@HoangNguyen-kl7il]

shitty companies, just stick to SP500, no any portfolio can beat it, unless holding Btc & Eth

[@aayush-ex8nx]

S and p 500 way better than these atleast Or if u are indian sensex too(s and p 500 of india probably out of circle of competence for most who don't invest internationally)