Dividend Update and a few thoughts – July 2016

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

July 2016 Dividend Income: Nil

In previous updates I have touched on the reasons for not investing in US or UK stocks yet. At the moment I am waiting to receive funds from the sale of a small hotel stock, but more on that later.

My patience in not taking capital out of my home country has thus far been rewarded in that the local currency has been strengthening against the pound and dollar over the last few months and is over 25% stronger than the low point. Having said that, I do believe that when I have some fresh capital, now would be a good a time as any to invest into stronger currencies. I am hoping this will be fairly soon.

I do have dividend income in South Africa, which I currently use to cover part of my living expenses and which I have chosen not to disclose.

There are a few developments in my journey as an investor, which I plan to write about over the coming weeks, mainly the following:

  • The possibility of me becoming involved in some sort of stockholder activism. I am specifically referring to my hotel shares for which a delisting and buyout has been proposed. Initially I was very happy about this, you can read here about it. However, I have had the opportunity to talk to other minority shareholders, who believe the price should be far higher. I am willing to get involved in such an action, as this could increase my capital base, but is of course far from certain. I will keep you updated, it is something new for me, and perhaps would be interesting for others.
  • I have been doing a lot of reading, and am more convinced than ever that finding excellent companies is not as straight forward as it used to be. In particular I have been reading a book, as well as other information, about Amazon.com. Reading these books and documents has caused me to sit back and evaluate many aspects of my portfolio and investing strategy into the future. There are a few angles here, and I will share my thoughts with you in the coming weeks and months.

What I love about investing is that you are always learning interesting things, and the more you learn the more you want to learn. Each fork in the road takes you to another interesting road. I hope you will stick around to read some of my thoughts. Let me know if you have any comments or questions.