Savers followed Warren Buffett's lead in the stock market crash

Small savers were clearly more active than usual on Black Monday on the stock exchange. In the turmoil, Swedish savers chose to back the financial icon Warren Buffett. It's a clear sign of the uncertainty we've seen surrounding the tech giants, says Frida Bratt, savings economist at Nordnet.

» Updated: August 07 2024

» Published: August 06 2024

Savers followed Warren Buffett's lead in the stock market crash
Photo: Mary Altaffer/AP/TT

Monday was a blood-red day on the stock exchange, and small investors bought and sold clearly more than usual.

Seen in terms of volume, more was sold. But despite this, there were more people who net-bought securities than net-sold, says Frida Bratt.

At both Avanza's and Nordnet's customers, the defense company Saab was the most net-sold share on Monday.

It has been very popular and is still up over 50 percent since the turn of the year. I think this is about many being satisfied and choosing to take out the profit, says Avanza's savings economist Philip Scholtzé.

Hunting for dividend shares

As so often, Investor B was the most traded share, and at both banks, it was among the top among the most net-bought. But bank shares also became popular. Swedbank A was the most net-bought among Avanza's customers.

There are no safe harbors directly. I think many perceive bank shares as a bit more stable, but that doesn't have to be. On the other hand, bank shares are not the most risky, says Philip Scholtzé, savings economist at Avanza.

I think people want the dividend that has been high in bank shares. We also see that other high-dividend payers like Volvo and SSAB are being bought. You want to secure a return in some way in uncertain times, says Frida Bratt, savings economist at Nordnet.

Small investors also took a cue from business icon Warren Buffett.

Over the weekend, several media outlets reported that the legendary investor's company Berkshire Hathaway had sold almost half of its giant holding in Apple during the second quarter, equivalent to 529 billion kronor. On Monday, Apple was found among the most net-sold shares at both Avanza and Nordnet, which is not usual.

Switching tech for broad index funds

On the fund side, there were several technology funds on the list of most sold. Instead, broad index funds were bought. But that people are rebalancing their portfolios in the midst of turbulence in this way is not something Philip Scholtzé recommends.

It actually worries me a bit that people are doing this. You shouldn't steer the boat on the days it storms the most. Fund transactions don't go through as quickly as you press the sell or buy button, so it's very easy to end up wrong. Then it's better to wait out the storm and be able to take part in the recovery afterwards, he says.

Shares

Most net-bought on Nordnet

1. Investor B

2. Investor A

3. Volvo B

4. Handelsbanken

5. Evolution

Most net-sold on Nordnet

1. Saab

2. Calliditas Therapeutics

3. Ericsson

4. Xvivo

5. Apple

Most net-bought on Avanza

1. Swedbank A

2. Volvo car B

3. Investor B

4. Sinch

5. Nordnet

Most net-sold on Avanza

1. Saab B

2. Volvo B

3. Nvidia

4. Evolution

5. Handelsbanken A

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Colombia Set to Acquire Swedish
1 MIN READ

Colombia Set to Acquire Swedish Jas Gripen Fighter Jets

Genre image
1 MIN READ

Asian Markets Tumble After US Tariff Announcement

World Leaders Urge US to
2 MIN READ

World Leaders Urge US to Rethink Tariffs to Avoid Trade Conflict

Trump's Tariffs Higher Than Expected,
2 MIN READ

Trump's Tariffs Higher Than Expected, Experts Warn of Lingering Uncertainty

Sweden Ready to Tackle Trump's
2 MIN READ

Sweden Ready to Tackle Trump's EU Tariffs, Says PM Kristersson

Trump's Tariffs Spark Global Economic
2 MIN READ

Trump's Tariffs Spark Global Economic Uncertainty, Experts Warn

Trump Announces 20 Percent Tariffs
3 MIN READ

Trump Announces 20 Percent Tariffs on EU Goods

APM Terminals Acquires Key Railway
1 MIN READ

APM Terminals Acquires Key Railway by Panama Canal

Volvo CEO Calls Trump's Tariffs
2 MIN READ

Volvo CEO Calls Trump's Tariffs a Messy Challenge for Swedish Industry

Amazon and AppLovin Eye TikTok's
2 MIN READ

Amazon and AppLovin Eye TikTok's US Operations for Acquisition

Wall Street Gains as Investors
2 MIN READ

Wall Street Gains as Investors Await Trump's Tariff Announcement

Tesla Sales Plummet in Q1,
1 MIN READ

Tesla Sales Plummet in Q1, Miss Analyst Expectations by Wide Margin

US Private Sector Adds 155,000
1 MIN READ

US Private Sector Adds 155,000 Jobs in March, Surpassing Expectations

China Limits US Investments as
1 MIN READ

China Limits US Investments as Trade Tensions Rise

Ben & Jerry's Co-Founder Seeks
2 MIN READ

Ben & Jerry's Co-Founder Seeks to Reclaim Brand from Unilever

Nintendo Switch 2 Launches June
1 MIN READ

Nintendo Switch 2 Launches June 5 with New Games and Features

Northvolt Labs in Västerås to
1 MIN READ

Northvolt Labs in Västerås to Lay Off 550 Employees

FI Warns of Rising Fees
2 MIN READ

FI Warns of Rising Fees for Housing Associations as Costs Climb

Volvo Cars Sees 10 Percent
1 MIN READ

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Stockholm Stocks Slide as Tariff
2 MIN READ

Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

Genre image
1 MIN READ

Systemair CEO Roland Kasper Steps Down After a Decade

Dustin Announces Billion-Kronor Boost as
1 MIN READ

Dustin Announces Billion-Kronor Boost as Shares Drop 7 Percent

Folksam Divests Tesla Shares Over
2 MIN READ

Folksam Divests Tesla Shares Over Swedish Labor Dispute

Trump Set to Announce New
2 MIN READ

Trump Set to Announce New Tariffs as Global Markets Brace

Stockholm Stock Exchange Faces Decline
1 MIN READ

Stockholm Stock Exchange Faces Decline as Futures Point Downward

Trump's Tariffs Predicted to Slow
1 MIN READ

Trump's Tariffs Predicted to Slow Global Economy Growth

Construction Sector Sees Modest Growth
1 MIN READ

Construction Sector Sees Modest Growth with Housing and Government Boost

Asian Markets Show Mixed Reactions
1 MIN READ

Asian Markets Show Mixed Reactions Ahead of Trump's Tariff News

Sweden's Housing Market Faces Uncertainty
2 MIN READ

Sweden's Housing Market Faces Uncertainty as Interest Rate Fears Loom

Motorhome Registrations Surge 59 Percent
1 MIN READ

Motorhome Registrations Surge 59 Percent in 2025

Wall Street Closes Mostly Up
1 MIN READ

Wall Street Closes Mostly Up After Volatile Day

Swedish Paper Industry Secures Two-Year
1 MIN READ

Swedish Paper Industry Secures Two-Year Wage Agreement

Trump's New Tariffs on Imports
1 MIN READ

Trump's New Tariffs on Imports Set to Take Effect Today

Sweden to Acquire C-390 Transport
1 MIN READ

Sweden to Acquire C-390 Transport Aircraft in Joint Deal with EU Partners

Finland Shuts Down Last Coal
1 MIN READ

Finland Shuts Down Last Coal Plant, Slashing Emissions by 50 Percent

Volvo and Major Automakers Fined
1 MIN READ

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

Ericsson Drops Diversity Language from
2 MIN READ

Ericsson Drops Diversity Language from Annual Report After US Pressure

Saab and H&M Lead Gains
2 MIN READ

Saab and H&M Lead Gains as Stockholm Stocks Rebound

Gunvor Faces 42 Percent Profit
1 MIN READ

Gunvor Faces 42 Percent Profit Drop in 2024 Despite Revenue Boost

Hooters Files for Bankruptcy, Plans
1 MIN READ

Hooters Files for Bankruptcy, Plans to Sell Company-Owned Locations