4th week of October

Again a quiet week. There were some bad news of our holdings.Nokia announced its q3 results and it was a major disappointment. They also cut off dividends. We are considering selling this constant underperformer if something significant does not show up. This would realise some losses, but we had already given Nokia this year to show us that it can change. Does not seem so. Also Nordea cut its dividend by 42%, but this was expected. We are confident with Nordea. Third annoucement was that Sampo most likely will cut its dividend down to 2.10-2.30 € per share. We do not plan to sell Sampo. These news give us some troubles to keep up increasing our dividend stream.

Now we decided our next year target for passive income. It is 5300 € investment income received to our accounts. This mean that we will increase our goal by 36%, which is quite big increase but we think we can do it.

Now to this week's income. Only Clime Capital paid us dividends. We received 23,38 AUD dividends after taxes, which is approximately 14,34 €. We still need 88,94 € to meet our target for this year. This will happen next week.