Current events in my investment activities have lead me to write a few lines about my current investment policies.
As many of you could see, I had earned some remarkable numbers in my activities. On January 5th, I paid pout 1.47 in dividends with a share price of 113.45 and both rising. My activities have not been unnoticed, especially by those that just look for rising shares. For over 90 days, I didn’t have a falling share price. The result in the first January week was a bombardment of buys. One would think that is a good thing. In my case, it forced me to leave my path in order to satisfy all the buyers. I am a real nice guy and I can’t stand it when I have to do something that people that believe in me don’t like. So, I started buying back everyone I could. I couldn’t buy all, I just had to many people waiting for buy backs.
The people that jumped on my shares and bought were for the most part reciprocal buyers. I have nothing against that kind of strategy, in parts I use that as well. However, I must say that the the last two weeks weren’t very pleasant in dealing with these people. I know, “these people” doesn’t sound nice. In this case, however, I have a point in calling some “these people”. It is absolutely outrageous how some step in in “hello, here I am, buy me” style. Since I am on this platform, I have never assumed that everybody here is willing to play after my rules when I come along and force my style on someone. I maxed out on people that have yet to buy a single share in me and that is fine. If I buy someone, I either want to socialize or have checked the numbers and it is, in my eyes, a good investment. Anyway, with changing what I did, I ruined “my game”. With buying huge numbers of shares of people that don’t care about dividends, or don’t know about it, my dividends went down. In five days my divs went from 1.47 to 1.24 while buying like crazy. Two days ago, I put a stop on this. There won’t be any buy backs for low dividends for quite some time, with exceptions of course. There are some nice players that understood my headache and were happy to enjoy the dividend and wait and see on how I buy back. As support to them, I will keep buying them.
The type of “buyer”, however, that, with nothing to show except a few shares, stormed up, bought and two days later sold again, while I was trying to catch up and have bought part of the share back, have accomplished that a lot of nice and good people have to wait for buy backs. That is not good for me and not for them. I can only hope that I get my dividends back up, so that everyone can at least enjoy some return while waiting.
I have now started to clean out my portfolio of the “bad people” and that has freed some cash, which will help me to get back on track. The clean up continues. I have, and had, two notes about my strategy and problems with the buy backs on my profile for everyone to read. My suggestion for these people is, read what others have posted about how they wish to play and respect that.
With going back to my way of the game I was able to book a small success. My dividends went up from 1.24 to 1.30 again, but I am still not over the hill. For the future, if someone MUST have a buy back on the investment, talk to me. I am a real nice guy, very social and I do deals, always did. If you are currently waiting for a buy back, it might take some time until it happens. There are only two choices, enjoy the dividend AND a rise in yours, or sell.
As always, I look forward to your opinion and comments.