Monday 26 December 2016

[Sunday Update] Christmas greetings

Merry Christmas to all who celebrate Christmas. Here is this week's table. I have added a couple of companies and put a long-term growth number instead of the two previous measures. It measures the long-term average growth in dividends of each company. 

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Wednesday 21 December 2016

[Wednesday Wisdom] Tyranny of Compounding Costs

"The miracle of compounding returns is overwhelmed by the tyranny of compounding costs."

If, for one second, we believe traditional active management adds value, its benefit is overshadowed by its cost. John Bogle sums this up with his famous quote above.

#ForgetTheNoise #Bogle #Invest #Costs #Compounding

Sunday 18 December 2016

[Sunday Update] Winding down

Christmas is a quiet time for markets. Forget the Noise will continue to publish a weekly update of dividend data minus any commentary. Thank you for all the support in our first year!

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Here is this week's dividend data.

Wednesday 14 December 2016

[Video] A look back at wisdom shared on the blog

[Wednesday Wisdom] Nothing is certain

“Many investors insist on affixing exact values to their investments, seeking precision in an imprecise world, but business value cannot be precisely determined.”

Seth Klarman is an American billionaire who founded the Baupost Group, a Boston-based private investment partnership, and the author of a book on value investing titled Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

#ForgetTheNoise #Dividends #Wealth

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Sunday 11 December 2016

[Sunday Update] Christmas cheer

The festive season is approaching fast but we had no dividend gifts this week. Things are quietening down as many business leaders take a well-earned break. This means all we need to do this week is to have a quick look at our dividend table and continue investing. Have a great week of dividend hunting.

#ForgetTheNoise #Investing #Wealth

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Tuesday 6 December 2016

Forecasting Folly

"There are 60,000 economists in the U.S., many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice in a row, they'd all be millionaires by far as I know, most of them are still gainfully employed, which ought to tell us something."

Another quote from Peter Lynch which highlights the follies of trying to forecast recessions and interest rates.

#ForgetTheNoise #Dividends #Wealth

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Sunday 4 December 2016

[Sunday Update] A quiet week for some, noisy for others...

It was a quiet week on the dividend front. Of course, there was lots of noise on ratings (we discussed this last week). After quiet weeks, we simply spend a couple of hours looking at our portfolio. We start by reading through the last week of SENS announcements to see if there is any dividend news. We also keep an eye out for any other critical company announcements. Next, we review our dividend table to remind ourselves of current yield and growth rates. Unless there is an obvious need to take action, we leave our portfolio alone. We don't tinker. If we did, we would probably make value-destroying changes!

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