Passive income, personal finance and fintech.
I bought my first preference shares the other day. An equity type not very popular in the dividend growth community, with a very well reasoning due to the fact that the dividends typically don't grow. But I thought I should give it a try.
It's been over a year since I shifted my investment strategy towards a more long-term goal. I used to chase hot stocks, but are now much more comfortable aiming for a stable growth. So I thought it's time to revisit what I want to achieve with this strategy.
I bought my first shares of Statoil back in January, and now it's time to collect my first dividend payment. But Statoil offer a dividend reinvestment plan, which I now need to decide if I should sign up for or not.
2017 was the year I changed my investment strategy and started blogging about it. In earlier years I experienced great volatility due to an extreme apatite for risk, but this was not the case for 2017. I now believe I've found an investment strategy that suits me well, and I'll be sure to follow the same path in 2018.
Last Friday one of my positions dropped 23% on one day. The stock in question is the REIT CBL, owner of several malls in the US. The decline was a real wake up call for me, and moving forward I must be more selective of my purchases as my appetite for risk has changed.