Carrying on from last weeks look at my Portfolio and how it is getting a pasting, I have to make a point to those that have poked their ignorant little tongues at my propensity to invest in companies for the long-term.
As many who follow the Share Investor Blog might know I follow Warren Buffett's approach to investing as much as I can; buy stocks at a price that I consider value for the long-term, in good companies that have a competitive advantage, a good track record, excellent prospects for growth and good dividends.
The bulk of my portfolio is around 6 years old, but I have added some more stocks with additional money and dividend income.
My portfolio is currently up by around 7% when tax credits are included and in my not so humble opinion, considering the pasting global stockmarkets have been getting over the last year and especially in the last month a stockmarket meltdown rivaling the 1987 crash and yet my portfolio has performed extremely well.
This is principally because I have taken a long-term view to my stockmarket investing, received healthy dividends, re-invested most of them and haven't sold and because of that it has put the portfolio in good stead during the inevitable current downturn.
Of course, short-term things could get worse but long-term you will wish you didn't sell up because I will still be there when you start buying again.
Recent Share Investor Reading
- Long VS Short: Freightways Ltd
- Briscoe's cash worth looking at
- "Sin" stocks saintly for the Wallet
- Bonds: "Investment Grade" Bonds
- Attractive looking Stock Prices
- Warren Buffett Week
Bear Market Investing Strategies (Wiley Trading) by Harry D. Schultz
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c Share Investor 2008