Stock updates: strong progress (one stock has now doubled)
Around 55% a year average rate of return (currently)
The following is for educational and informational purposes only, and is not a recommendation to buy or sell shares. When buying or selling shares, investors should do their own research and seek independent financial advice if necessary.
The stocks that I follow in the OfWealth portfolio continue to perform strongly. They are up an average of 53%, including dividends. That's over an average period of roughly 11 months since I published the individual analyses.
Expressed in terms of compound annual rates of return, the average is equivalent to about 55% a year. Currently, none of the stocks are in the red, although things can obviously change.
The top performer is showing a profit of 106% over 17 months. The lowest performer is up just 9.4%, but over only five months. (It's also an extreme deep value stock that's likely to take a couple of years to play out.)
I'll continue to publish new analyses from time to time, of stocks that interest me. As with previous analyses, these could be deep value, high dividend yield, high growth, and everything in between.
The aim is that each analysis contains useful information that helps readers to become better investors, by learning about what drives success with stock investing (or otherwise).
I also aim to cover a range of diverse business sectors, since it's interesting to learn about what makes the economic world tick. At least, that's a major reason why I find investing interesting in the first place. I hope you do too.
It's not just about making money. By studying companies and markets, you also accumulate broad knowledge about the world around us. This helps you to understand why things happen the way they do. That's a shield against merely going with the flow of false but accepted wisdom, or falling for the lies of politicians.
I have several more stocks that I'd like to write up soon. But I've been waiting for various market situations to play out. For example, for falling price charts to stabilise and start to rise again. In the meantime, I continue to watch.
Currently, there is rapid geopolitical news flow. This is causing more investor uncertainty and price volatility than normal. The good news is that it's likely to result in more bargain level prices for investors, sooner or later.
That's because perception is often very different to reality. And my list of prospects for a deep-dive analysis continues to grow.
On with the update.