paullow portfolio

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#1
hi guys. hi moderator.

i received some very positive feedback of late. Thus decided to ignore negative noises and share my positions. Luckily I could remember my password.

My positions,

ST Eng
TCIL
Hupsteel
NGI
SpRe
StamLd
Taisin

Due to positions in certain counters which can be derived from the AR, I decided not to place the %.

http://paullowinvestmentjourney.blogspot.sg/


Hope this can be informative.


p.s.


In case this blogsite is too cramp..i have cut and paste the info here:


Insight 1: Simple concept works

Do not to spend too much time crunching numbers, but spot perpetual dividend payers. Look at big boys such as MCD, gen mills and colgate, they are perfect candidate for dividend compoundation, in simple terms means suing the dividends to purchase more shares.

****The all important question: can the earning be repeated and dividend paid over and over again. When we are talking about huge huge companies with strong moat, the answer is an astounding YES.

For smaller companies, and mid caps, a bit more homework is needed, since the risk is higher with smaller companies, this needs to be mitigated with the necessary knowledge. It cannot be reduced completely but can be mitigated to some extent. But still the key is perpetuality olf dividends.

ST engineering, SIA Engin, Singtel, SATs are good candidates. Mid caps such as UOL, TCIL also fit the bill. Smaller caps such as hupstee; noel, singrein also do the trick IMO.

The local companies' dividend payout might not be as stable as those muiltibillion dollar companies in the US. But over a decade or so, the pattern has to be seen, ie there MUST be regularly dividends and these MUST be raised over time, though perhaps not year after year, for the reason alluded to earlier.


Insight 2: Invest regularly, no need to time the market


There may be many people who take advantage of bear market by keeping a big warchest.Some took this approach. This approach looks easier than it really is, as Munger said:" it takes a lot of character to be sitting on money", and the truth is, we will never know the bottom or peak until we passed it.

For me, I use the focus approach, not too many counters so that I can keep track of what's going on in each company. My ideal number would be 5-10. I invest a lot on these counters, and i just reinvest his dividends, i never bother about the direction of the market, i just make sure he did the homework before he buy and leave it for the long term. This is important, must read sentence ***The golden words: over the long run(we are not talking of even a few years, mind you), the downside will take care of itself, and whatever is left is the upside.


Insight 3: It is possible.


Family and children are not hindrances to investment. Keep your lifestyle simple. Buy what is necessary only. Live well BELOW your means. Personally, my lifestyle today is very much the same as when I just started working. I still enjoy my roti prata, mee rebus. I see nothing wrong with hawker fare. Low class? Not for me.


Insight 4: Enjoy the present. (This is important, actually very important)


DO NOT mix the active and passive income. Let the passive compound and use the active money to enjoy. If you mix active and passive, one day you might find yourself painfully selling your dividend paying shares to pay your credit card bills etc. Don't think too much, we never know what the future holds for us and our plans might go wrong.


Final thoughts:


Last warning and parting words from me, don't follow tips if any and expect only way is up. I insist I have no idea how my stocks will perform in days, and months. But that does not bother me. Handphone bills, utility bills and credit card bills have a way to find themselves in your post box every month, like it or not. So I am only bothered about receiving the regularity of my dividends. The day I call it quits from working totally, I can be fully assured that I can take care of all my bills and with surpluses.


Concentrate on building and increasing your soldier(ie share) base. Over a long time, you would have build up a sizeable portfolio with regular dividend cheques coming in every month or so.


regards,

Paullow
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#2
Dear paullow,

Welcome back to VB. As usual, noise is part of life. We just need to identify and ignore them.

Regards
Moderator
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#3
Hi paullow,

I'm glad you are back. Thanks.
Specuvestor: Asset - Business - Structure.
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#4
Hi paullow,
Thanks for sharing. Since you already have the discipline to focus exclusively on your "deep dividend investing" strategy, i believe you also have the temperament to ignore negative comments and all the noise in VB forum (i read in a blog comment how u decided to stop contributing after discovering that many VB forumers are speculators/traders rather than long term investors).

Speculators/traders have their part to play in the ecosystem too. A market can only get more efficient when you have people of all trades, doing their part and acting sufficiently independent. Moreover, we are in the 6th year of a bull market that started in end Dec2008/early 2009. As the party continues, there will only be more and more coming to the party.
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#5
Welcome back Paul! Big Grin
still holding strong on HUPSTEEL! Tongue

me too and I was happy with the 1 cts dividends!

Just a thought, noise is good, noise makes us think, rethink and revalidate our logic and positions, and if we are confident, I think anything else, does not really matter at all.. Smile
It is afterall, our life, our decision, Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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#6
(22-09-2014, 09:24 AM)brattzz Wrote: Welcome back Paul! Big Grin
still holding strong on HUPSTEEL! Tongue

me too and I was happy with the 1 cts dividends!

Just a thought, noise is good, noise makes us think, rethink and revalidate our logic and positions, and if we are confident, I think anything else, does not really matter at all.. Smile
It is afterall, our life, our decision, Smile

Well-said. I do feel stronger and more confident, each time I went through a review due to "noises". The "noises" might hint you to analyse more "unknown know" topics, which you have missed previously.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#7
Hi Paullow
knew that you have position in StamLd,
would like to share how you think its prospect.
i am vested too.
Property seem to have a bleak prospect, would you sell your holding and direct to other company?

thanks
yeh
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#8
Hi yeh,

yes, SL is one of my core holdings

I ask myself the following questions which I think as long term investors, are very relevant

1) is this business have a long reputation in Australia and is there any chance of this going out of business. My answer is v v unlikely. Even crisis, business will drop but tourism is there there.

2) is the large shareholder willing to share returns with small ones
(my answer is yes, look at the 10 year dividend record). If he doesn't pay us well, he's not paying himself well also.

3) is the value of this company rising with time
(yes, since it is so asset laden)

4) unlocking of assets will come as bonus, but that doesn't matter too much actually.

knowing the answers to this questions, I can sleep in peace knowing that my money is in safe hands (and growing with the boss)
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#9
(22-09-2014, 08:26 PM)paullow Wrote: Hi yeh,

yes, SL is one of my core holdings

I ask myself the following questions which I think as long term investors, are very relevant

1) is this business have a long reputation in Australia and is there any chance of this going out of business. My answer is v v unlikely. Even crisis, business will drop but tourism is there there.

2) is the large shareholder willing to share returns with small ones
(my answer is yes, look at the 10 year dividend record). If he doesn't pay us well, he's not paying himself well also.

3) is the value of this company rising with time
(yes, since it is so asset laden)

4) unlocking of assets will come as bonus, but that doesn't matter too much actually.

knowing the answers to this questions, I can sleep in peace knowing that my money is in safe hands (and growing with the boss)

Hi thanks Paullow
i have this alsoSmile

i just realised that i have too much property exposure, i just got into oxley. burst badly.
but i think oxley is a growth company .
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#10
you may take a look of my portfolio too. welcome you give me advise.

thanks
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