Geoff Noble's Blog, page 7

[Sunday Update] A wad of dividends

Happy Sunday! There were lots of dividends this. I have summarised the changes in DPS below:

Coronation decreased its dividend by 19% (CML) (SENS)Vodacom kept its interim dividend flat (0%) (VOD) (SENS)Mr Price (MRP) decreased DPS 8% (SENS)Spar (SPP) increased its dividend by 4% (SENS)Investec (INP) increased DPS by 5% (in GBP terms) (SENS)
Other than Investec, these are not inflation-beating results. No cause for alarm just yet as 6 months is a very short period in financial markets.

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[Wednesday Wisdom] Long-term investor

"The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor"

John Bogle is the founder of Vanguard. He is also seen as the father of passive investing. He has written many books on investing. The Clash of the Cultures is among one of my favourite investment books of all time.

Quote courtesy of #TEBI

#ForgetTheNoise #Investing #Dividends

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[Sunday Update] Noise everywhere

It's Sunday so that means it is dividend update time. Noise levels remain elevated globally. Trump, Zuma, State of Capture, Hard Brexit, Aleppo, Mosul et al are all clogging the airwaves. We must look past the noise and continue on our dividend investing crusade. We are not market timers nor prophets so we won't guess how the world will play out in the next 6 to 12 months. We worry about the next 10 to 30 years. If stock markets exist then, I am sure that our investments will have done just f...

[Wednesday Wisdom] Forget the Noise... again

This year keeps getting stranger. Sometimes we need to just step back and relax. The sun will rise tomorrow and companies will continue to pay dividends. It may be useful to listen to author, Seth Godin.

"Until you remove the NOISE, you’re going to miss a lot of SIGNAL"

#ForgettheNoise #Investing #Wealth #Noise

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[Sunday Update] Sense prevails

Good morning. All is well that ends well. Sense prevailed and charges were dropped. There are less distractions now. Of course, we can't count our chickens just yet. It will be an interesting next 6 to 12 months in South Africa.

There was no news that we actually care about this week (i.e. dividend news). This means all we need to do is have a look at our table and refresh our memories as to what is happening in the dividend world of 46 companies.

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[Wednesday Wisdom] Investing is about business

"The successful investor is usually an individual who is inherently interested in business problems."

Philip Fisher achieved an excellent record during his 70 plus years of money management by investing in well-managed, high-quality growth companies, which he held for the long term.

#ForgetTheNoise #Invest #Investing #Wealth

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[Sunday Update] Clickity Clicks

Happy Sunday! Trouble continues to brew on the political front. I am not only talking about South African politics. We have the US election around the corner. These captains of society make life interesting. The only lesson I am learning is "You can't trust a politician". Luckily, we know better. We know that dividends are things that truly matter. On the dividend topic, Clicks (CLS) was kind enough to give us a 16% increase in DPS. You can read the SENS announcement here.

I have also added fi...

[Book] Empire of the Fund

I have added Empire of the Fund: The Way We Save Now to my reading list. It was recommended from an economist article. I'll reproduce some of that article here:

"AMERICANS who want a comfortable retirement, and who work in the private sector, have to look after their own interests these days. No longer can most rely on their employer to pay a pension linked to their final salary; such defined-benefit promises are too expensive.

Instead, workers are promised something called a defined-contributi...

[Article] Who cares when the next recession comes

When is the next recession going to hit? Who cares. This is a great Bloomberg article by Barry Ritholtz.

"You have to hand it to economists -- they say the darndest things.

In a Wall Street Journal survey, a group of economists “put the odds of the next downturn happening within the next four years at nearly 60 percent.”  Oh no.

Today, we will make another entry in the catalog of how worthless predictions tend to be, and more specifically why economists’ long-term forecasts are so uniquely...

[Sunday Update] An accountable government

I am not much of a political commentator but I hope all the protests and court cases looming in South Africa is the beginning of an accountable South African government. Maybe I am optimistic instead of realistic. As an investor, my comments last week stand. Keep living your life but make sure you have a backup plan.

There was no news on the dividend front. Distell did publish a trading update on SENS (which is one one of the few news sources you should monitor :) ).

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