Few stocks have a dividend yield of 15% or more. And when they do, the dividend has usually already been cut drastically or suspended altogether. For example, I recently sorted my stock screen by dividend yield and I got Provident Financial and … [Read more...] about Is Connect Group’s 15% dividend yield sustainable?
When I added AstraZeneca to my portfolio in mid-2015 it was the second time I’d invested in this well-known pharmaceutical company. The reasons for both investments were more or less the same: AstraZeneca appeared to be a fundamentally sound … [Read more...] about I’ve sold AstraZeneca because of its rising share price and weak results
Dunelm's share price has fallen by more than 40% over the last two years. Part of that decline is due to the market's Brexit-related dislike of UK-focused cyclical stocks, as some fund managers have pointed out. However, some of the decline is … [Read more...] about Why I still hold Dunelm despite its recent share price decline
Holding winners for longer and selling losers faster is a well-established rule of thumb for investors and traders alike. The idea is to offset the natural response of most people, which is to quickly sell winners (in order to lock in profits) … [Read more...] about Should you let winners run and cut losers quick?
For many dividend investors, the demise of Carillion was a disaster. Not only did their portfolios lose an important source of income, they also saw a permanent loss of capital. As usual, it's easy to see what went wrong with hindsight, and in … [Read more...] about Who will be the next Carillion?
One of your primary goals as an active investor should be to extract as much educational value from each investment so that the lessons learned can be used to create additional financial value in the future. That's why I always carry out a … [Read more...] about Investment lessons from 2017
Galliford Try is currently the highest yielding housebuilder with a dividend yield of 8%. That’s a very high yield, but is it enough to offset the risks of this notoriously cyclical industry? Neil Woodford’s team certainly seem to think UK … [Read more...] about Is Galliford Try’s 8% dividend yield enough to offset the risks?
Yesterday I published my investment performance review for 2017 and in it I mentioned my portfolio's one-year performance since the start of 2017. That was a mistake. Maynard Paton pointed out that in my 2016 year-end review I said this: To be … [Read more...] about Why one-year investment performance is a terrible metric
2017 was another year of above average investment returns in what is now a very old bull market. As with previous year-end reviews, I’ll review my model portfolio’s performance against its various goals as well as the performance of the individual … [Read more...] about My investment performance in 2017: A very long review
When I switched from “deep value” to “defensive value” investing in 2011, the first stock I purchased with the new approach was BP. Six volatile years later, this has turned out to be a mildly disappointing investment. That’s partly because of … [Read more...] about I’m selling BP because of its high debts and uncertain future