As a first blog post I have decided to talk about where i want my portfolio to go and my investment strategy. Currently I would say that my portfolio is kind of speculative, wich is not so good in the long run. Sure you can get lucky and strike gold (I recently sold Stockwik förvaltning at about 115% profit). Or you can some shiny dirt (My very first stock was Kinnevik, a stock I sold at roughly 20% loss).
I have decided to learn from my mistakes.
And I have decided to change the course of my portfolio. Starting with my purchase of ICA Gruppen yesterday for about 1/3 of the capital I have in the market. A turn towards high security, steady dividend paying companies. This is a turn i really like and a path i will keep going on. I plan to sell most of my speculative stocks which are about 2/3 of my portfolio and increase my holdings in ICA and similar stocks.
My plan is to get dividends each month of the year.
In the US its common for companies to pay dividends quarterly, Swedish companies usually pay dividends annually. My plan is to achieve a portfolio that pays dividends every month, dividends that allow me to buy stocks no matter the market. It would be nice to have a significant income from dividends.
Buy, Buy, Buy
I am going to reach this goal by finding quality stocks, with a history of paying and increasing their dividend payout. I am going to buy stocks regularly and long-term, in order to get a good average buying price and to ease out on the effects of market swings.
I hope you enjoyed my first post, there will be more to come! -Samuraimannen