Portfolio planning


As an expat in Sweden I find Riktillsammans a great source for me and hopefully you guys dont mind me participating in English. You can answer in Swedish though.

I have around 400,000 in low interest savings account and thought about investing them in funds and bonds as I dont need to use them soon.

I thought about diversifying as much as possible while making sure my choices are not overlapping.

A preliminary plan is to invest 1000 monthly in each (or most) of the following:


  • Avanza Global
  • Spiltan Globalfond Investmentbolag
  • SPP Aktiefond stabil A
  • SPP global solutions A
  • Handelsbanken GI småbolag A1 SEK
  • Emerging Markets
  • Avanza Emerging Markets
  • Nordnet Superfonden (better than Avanza zero?)
  • Spiltan Aktiefond Investmentbolag
  • SPP Aktiefond Sverige
  • DNB europa indeks A
  • SPP Aktiefond europa
  • Spiltan högräntefond
  • Quesada bond opportunity A
  • IKC avkastningfond
  • AMF Räntefond lång
  • SPP obligationfond
  • Spiltan räntefond Sverige
I hope to hear from you whether these many choices are ok to have or is it not helping in spreading risk?

As a beginner I appreciate any advice or changes to this portfolio.

Hi Valerio,

They’re all good funds but do you really need that many different ones?

There’s nothing wrong with simply putting everything on Avanza Global as long as your horizon is long enough (+10 years). The other funds will add some diversification but also complexity.

Personally I have Avanza EM and Handelsbanken GI småbolag A1 SEK as well. About 5-6% each.

If you are gong to use bonds, consider bonds in the currency of your home country (EUR?). At least if you plan to move back at some pont. Too high exposure to SEK will be a high risk in my opinion.







I will narrow down and not sure what is the best choices yet. I picked those because I see they contain different shares when I checked “innehav” so thought that helps in diversifying.

I am still not sure how it works with funds suitable for 5 or 10 years as growth can be with same percentage for different investment horizons. I dont need the money at least for 3-5 years and probably longer.

Few points I would like to get help with:

  1. I plan to move to different countries in my life. Now all my bank accounts are in SEK. Is it better to buy European or American funds that I can see the NAV-kurs in SEK? Maybe that is better to avoid currency conversion for now rather than buying it in EUR or US?

  2. From risk-spreading perspective, how much is too much to invest monthly in AG or other funds/bonds?

  3. I thought about bonds (långeräntefonder) as they seem to be less risky and i am not happy with normal savings account. Shall I move most of my savings there?

Thanks for your input!

Me too… The trick is to avoid currency exchange because you’ll loose, I think 0,25% with Avanza, every time. My experience is that swedish banks typically charge 0,75% when you transfer foreign currencies in / out. But it’s not clear because these fees aren’t clearly visible and it’s impossible to know for sure which exchange rate was used.

When you buy any stock / fund listed as EUR from a SEK account they’ll charge that fee AND when you sell plus on any dividend paid. Unfortunately Avanza does not offer native accounts in EUR. I don’t know if any other institute does… Perhaps Degiro since they operate in Sweden and other european countries?

You mentioned that you have 400k SEK that you wish to invest? If you do 1000 SEK a month that’ll take 33 years. Much too long in my opinion. Consider maybe 12k / month and the lump sum will be invested in 3 years.

Avanza Global is quite diverse in itself (1500 companies from different countries, sectors and currencies). The main problem I see is that it only contains very large companies and only from developed countries. Its not bad to extend with an Emerging Markets fund for example but there is of course no guarantee that this will pay off even in the long-run.

Long bonds are complicated unfortunately and should not be considered low risk as their value will change drastically when interest rates change. For example, if the interest rates are lowered then the bond value will increase and vice versa. It’s better to consider short bonds or even a normal savings account if you need stability.

Hope this helps and good luck with your investments!

ps. for currency exchange if you need to transfer to/from banks in other countries. Consider using Revolut or TransferWise. At least they are more transparent on what their exchange fees are…

one more thing… You can’t have an ISK account if you move out from Sweden. It will be closed. Consider “Kapitalförsäkring” instead…

I will buy funds traded in SEK only to avoid currency exchange fee.

I asked Avanza and they told me my ISK will not be closed if I move abroad as long as it is not to the US. But I have to check with Skatteverket if I will be considered “Begränsad/obegränsad skattskydlig i Sverige” to know how it will be taxed.

But if I open KF i will pay same tax as ISK even when abroad. I only need to pay premieavgift which is almost 1 SEK monthly. Thats nothing :slight_smile:

Probably I will go for KF in my investments although I will definitely be in Sweden for the next 3 years.

Welcome and thank you!

Jag skulle spontant säga att du gör det lite komplicerat. Europa-fonderna skulle jag skippat på grund av att det området redan täcks i globalfonderna.

Sverige-fonderna skulle jag ersatt med SEB Sverige Index som är den bästa svenska indexfonden.

Vad jag skulle lagt mest tid på är att få risken rätt mellan andelen räntor och aktier. Det kommer att bestämma mer än 80 % av din risk och avkastning. Det i sin tur beror på målet med sparandet och tidshorisonten.

Även jag har en mindre del i Europa-fonder just för att bli något mindre beroende av USA som är en så pass stor del av en globalfond.

Rätta mig om jag har fel, men argumentet till att Rikatillsammans-portföljerna har Sverige-fonder beror på att vi bor i Sverige. Så jag antar att man kan överföra det argumentet till Europa-fonder, eller?

How SEB Sverige Index differs from Nordnet Superfonden and Avanza Zero? Isnt it following Stockholm exchange market also?

I also read that European funds can be a way to rely less on US market.

Avanza Zero investerar bara i dom 30 mest omsatta bolagen på Stockholmsbörsen, SEB Sverige Indexfond investerar på hela Stockholmsbörsen så där får du mer riskspridning.

Absolut så kan exponering mot europa ge dig lite mindre exponering mot USA, men genom att ha en globalfond så har du redan exponering mot europa. Lägger du då till Sverige och tillväxtmarknader så kommer du få en bra diversifiering.