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now most members here know i have an eccentric twist on a buy and hold strategy , that i use most of the time .
but what about those stocks that are fundamentally important for a balance portfolio but normally have unattractive metrics
ideally you want some exposure but the share price seems to faint at every shadow and the div. returns are mostly poor .
now my first attempt at this strategy was in January 2012 with QBE , i bought in at 'a fair price ' ( @ $10.35 ) and sold ( completely ) @ $14.05 in March 2012 while this looks like a profit , it was a strategy fail , and QBE persistently wrong-footed me on a re-entry
so obviously a tweak was needed so attempt ver.2 ( still with QBE )
in December 2013 i finally re-entered @ $10.82 AND joined the DRP .
in April 2015 i sold half the previous buy @ $14.25 ( but retained the shares earned in the DRP )
that seemed to work better on the fractious QBE stock , so i bought more in during 2016 @ $9.97 , $9.60 , and $9.32 and selling half the stocks bought ( in 2016 ) @ $13.05 and have rinsed and repeated until March 2023 ( @ $14.40 ) when the QBE share price has resisted going below $10 ( so far )
overall i have recovered all the investment cash ( and brokerage ) and crystallized a modest profit , while the retained shares slowly accumulate via the DRP
so i class that as a success , even if a very boring one
and i elected to try the same strategy on BPT and SUN .. buy in price met ( buying several times in the down trend ) reduction price met , BUT neither share has returned to the buy target area , so while i am in ( unrealized ) profit i class these two as failures ( so far ) as i incorrectly picked them to trade in a channel ( not just a big dip )
and the next candidate is NHF , but have yet to buy at my set entry price
the bonus of this strategy ( when it works ) is you just throw in a buy/sell order ( sometimes months ahead ) and wait for the market to do it's thing ( which take several years for each buy and sell cycle , or just months )
picking good target stocks is the key ( and the willingness to hold some of them for a very long time )
good luck if you try this strategy
but what about those stocks that are fundamentally important for a balance portfolio but normally have unattractive metrics
ideally you want some exposure but the share price seems to faint at every shadow and the div. returns are mostly poor .
now my first attempt at this strategy was in January 2012 with QBE , i bought in at 'a fair price ' ( @ $10.35 ) and sold ( completely ) @ $14.05 in March 2012 while this looks like a profit , it was a strategy fail , and QBE persistently wrong-footed me on a re-entry
so obviously a tweak was needed so attempt ver.2 ( still with QBE )
in December 2013 i finally re-entered @ $10.82 AND joined the DRP .
in April 2015 i sold half the previous buy @ $14.25 ( but retained the shares earned in the DRP )
that seemed to work better on the fractious QBE stock , so i bought more in during 2016 @ $9.97 , $9.60 , and $9.32 and selling half the stocks bought ( in 2016 ) @ $13.05 and have rinsed and repeated until March 2023 ( @ $14.40 ) when the QBE share price has resisted going below $10 ( so far )
overall i have recovered all the investment cash ( and brokerage ) and crystallized a modest profit , while the retained shares slowly accumulate via the DRP
so i class that as a success , even if a very boring one
and i elected to try the same strategy on BPT and SUN .. buy in price met ( buying several times in the down trend ) reduction price met , BUT neither share has returned to the buy target area , so while i am in ( unrealized ) profit i class these two as failures ( so far ) as i incorrectly picked them to trade in a channel ( not just a big dip )
and the next candidate is NHF , but have yet to buy at my set entry price
the bonus of this strategy ( when it works ) is you just throw in a buy/sell order ( sometimes months ahead ) and wait for the market to do it's thing ( which take several years for each buy and sell cycle , or just months )
picking good target stocks is the key ( and the willingness to hold some of them for a very long time )
good luck if you try this strategy