Every year, we research dozens of companies worldwide and invest in some of them. For every investment, Hannes Kulvik, the founder of Sifter Fund, has one crucial question.
The stock market is falling, but corporate earnings expectations are still strong. Has the market again overreacted to the noise of the macro world, or are the profit forecasts too rosy?
The Sifter Fund’s return remained plus or minus zero in the 3rd quartile. Since the beginning of the year, the Fund has decreased by 16.8 percent in euros.
We conducted a case study to investigate whether share prices have increased more by the elevated valuation levels or by the improved money-making of the companies we own.
We gathered the companies’ quarterly results and evaluated their competitiveness in the current high inflation and rising interest rates environment.
Disney is one of the strongest media companies in the world. Sifter Fund invested in The Walt Disney Company in May 2022, but why?
Does macroeconomic news have any meaning for stock investors? According to respected financial author Robert R. Prechter, it is not.
The global economy’s uncertainties continued during the second quarter, and stocks were under downward pressure. The Sifter Fund made two new investments and some more minor changes to the portfolio.
Universal Music Group (UMG) is one of Sifter Fund’s latest investments. The company entered Sifter’s portfolio in January 2022, but why did Sifter invest in it?
Nobel laureate Daniel Kahneman became known to the general public in his book Thinking, Fast and Slow. One of the main messages in the book was related to slow and fast thinking. But how does this relate to investing?
Home country bias is the tendency of investors to favor domestic stocks at the expense of other countries or regions.
The first quarter ended with a 6.4% decline for the Sifter Fund, which is quite a good result after a roller coaster quarter.
The prices of US tech stocks declined sharply in the first couple of months of the year. However, it would be wrong to say that all tech companies are in the same boat.
Many investors wonder which is the better approach: Lump-sum investing or Dollar-cost averaging? Vanguard published a study.
The year 2022 opened into a sharp decline in stock prices and many investors are wondering again how to act now? What really changes when stocks fall?
The Sifter Fund Net Asset Value (NAV) increased by 34.3% in 2021. his was the best year in the Fund’s history.
Sooner or later, the stock market will fall. What kind of companies should be in the portfolio if one wants to be invested in stocks during market downturns?
Karl-Johan Lidsle, an analyst at Sifter, introduces the growth drivers and competitive advantages of Sony’s business.
The Fund’s share price has returned 20.4% from year-to-date, 2.6% in the third quarter, and decreased by 1.5% in September.
Disco is a Japanese company that manufactures and sells equipment which are critical in the manufacturing of chips. What makes Disco Corporation a good long-term investment.
Uncertainty springs from the lack of knowledge and control. How does a systematic investment process reduce uncertainties?
There has been recent speculation as to whether inflation is returning? Our analyst Alexander Järf highlights three perspectives on why we think owning quality businesses is one option even in an environment of higher inflation.
Sifter Fund’s share price has returned 17.3% from year-to-date, 4.2% in the second quarter, and continued to rise by 3.0% in June.
Costco is the world’s second-largest retail chain behind Walmart. We think the company is a great example of a quality company with an exceptionally good earnings model.
In May we saw the first slightly negative month. In the monthly report video we are introducing Verisign, a highly profitable business.
Part of the nature of the stock markets is that prices fluctuate from one day to the next. Timing the ups and downs is almost impossible. How to prepare for different market turmoil?
In April, Sifter Fund appreciated 1.3%. Companies reported their Q1 results and provided guidance. Most of the quarterly results were better than expected.
Many investors focus most of their attention on stock selection. There is rarely talk of a sale, i.e. when should an investor divest their holdings in a company?
Many investors seem to have the wrong idea about monitoring stocks. They focus almost exclusively on share prices. Instead, they should focus on a company’s capacity to make money.
For years, Sifter Fund’s largest investments have been Taiwan Semiconductor Manufacturing Company (TSMC) and Lam Research Corporation (LRCX), which operate in the semiconductor sector. Why we find them exceptionally strong, high-quality companies?
Long-term investing is a concept known to many investors. Its advantages are indisputable. Money works over time – at least in theory.
A philanthropy workshop opened Henri Kulvik’s eyes: investing creates not only monetary profits but also profits measured in wellbeing.
According to Morningstar, Sifter Fund is rated 5/5 in terms of responsibility. This score means that we are rated among the world’s most responsible funds. We wanted to take a closer look at this important theme.
Investors often believe that investing in an actively managed equity fund is expensive compared to investing directly in stocks or investing in passive funds.
The past three years have held some unusual moments for many investors. Personally, I’ve become even more convinced that timing the market is impossible.
One of the benefits of fund investing is risk diversification. We listed a few coronavirus losers and winners in Sifter’s portfolio.
Long-term investment and the diversification of shareholdings are two of the golden rules of equity investment. Historically, applying these principles has led to good performance.
Sifter added new quality companies to its portfolio. Read our analysts’ comments on the companies and see the price development of each stock as graphs.
Having lived through several crises, we have learned that the best thing to do when fear creeps in is to look at things rationally.
The fear of losing money creates some degree of panic in many investors and triggers irrational decisions.
During the spring, the atmosphere at Sifter was calm but determined. We decided to seize the opportunity offered by the crisis.
A quality investor must evaluate a company and its business not only through several key figures but also by weighing perspectives that are not always easily interpreted through numbers.
Jussi Kärävä, who has a long career in the service of large institutional investors, has joined the Board of the Sifter Fund. “The product is in great shape”, Kärävä says.
Varian Medical Systems meets many of the criteria for an ideal company to invest in. Read what makes Varian an excellent investment for Sifter.
The cornerstone of our approach is to always invest in businesses, not in share prices. Holding shares in high-quality businesses pays off, even during challenging times.
Many investors like to analyze the market and predict the direction that the market will go in next. Our goal is to analyze various companies to find the ones with the best revenue models.
If the price of a stock falls by 10%, most investors are likely to think that they should sell their shares. Read what Hannes thinks about value vs price.
Sifter has been awarded a perfect five-star rating by Morningstar, the world’s leading specialist in fund analysis. The five-star rating, which is familiar to many from the world of cinema, means that Sifter’s PI fund class is rated among the best in its category.
The revenue model is the engine of a company. When you understand the revenue model, you understand how the engine works. In our view, a good revenue model has three characteristics.
Railway companies are a wholly unique investment target. They invest heavily in their network and equipment, and any possible competitors must make the same types of investments. The threshold for entry is high.
Last week, I got a call from our French investor. He contacted me and initially, I assumed he was scared about his investment…
When the coronavirus crisis hit the stock markets, Sifter’s analysts rolled up their sleeves. Over the course of the past few weeks, we have carried out a three-stage analysis of all 30 companies in our portfolio.
Like any human activity, investing is prone to errors of human thinking and behaviour. How can these mistakes be avoided? Hannes Kulvik lists the 10 biggest pitfalls for investors to avoid.
If you know that the stock market will crash tomorrow, you should sell your stocks. The problem is that no one knows when that crash will happen.
Serial entrepreneur Mika Mäkeläinen was seated in Sifter’s humble meeting room in Helsinki, where the company’s employees presented Sifter’s investment principles…
Sifter’s owners are united by their belief in good business practices: excellent businesses are worth owning in the long term, and there is no point in selling them whenever the stock market surges or crashes.
Sifter’s portfolio management process is one of rejection. When only 30 companies from a pool of 65,000 candidates can be included, there is no room for error.
We don’t focus on daily stock prices. We focus on the best businesses and revenue models. Find out more on the Sifter Blog.