Hi and welcome to Quality Share Surfer.
This is a UK focussed investing blog in which I chronicle my decisions following a real life portfolio and discuss and improve my investment strategy.
My investing strategy is based the idea that shares with certain attributes, e.g. value, quality and momentum, outperform the market on average. It is focussed primarily on exploiting two such attributes in combination: a) the tendency for high quality, defensive businesses to outperform over time and b) the tendency of shares with momentum to continue to do well. You can find out more about my strategy following the menu above.
Hope you enjoy and please leave comments if you find this interesting or would like to ask questions or discuss related topics.
Quality Share Surfer
I’ve often read that over the long term the most important factor driving equity returns is valuation. While share prices experience momentum over the short to medium term, eventually investors become more conscious that valuations are becoming ‘detached from reality’ and prices revert to mean. Along this line of reasoning, momentum following is a dangerous game that can lead to bubbles and then crashes, such as the infamous ‘Dot-com’ crash in 2002-3. While there is truth to this analysis for the stock market as a whole, it misses a key nuance when you look at what is going on underneath. Continue reading
So I bought my first foreign listed stock this week: Washtec, a German business that makes car washing technology. Continue reading
There has been one a rather obvious way to improve my investment performance that I haven’t yet exploited. It has been on the back of mind for some time. This is to broaden the universe of stocks I invest in to beyond those that trade on the London Stock Exchange. I think the benefits of this have the potential to be quite dramatic. Continue reading
We’ve left September behind and moved into October. Traditionally this is bad for the weather but good for stocks. I’m hoping so and things are beginning to look more positive. The scores of the shares on my watchlist are starting to tick up higher due to positive news and some share prices hitting new highs. Continue reading
It has been quite a while since my last watchlist review in May and there has been quite a bit of change since then. Here is an update on companies I’ve added to the watchlist, considered but not added and eliminated. Continue reading
This week was a lot better, with the portfolio bouncing a little since the falls last week. It was not very eventful with just a couple of trades. Continue reading
It was a difficult week last week, with falls across a lot of the portfolio. The weekly performance at almost -5% was the worse for more than a year. I’m increasingly feeling that we are embarking on period of volatility where my momentum strategy is going to come a bit unstuck. Though it’s premature to say that of course. September is often not a great month for investing. Continue reading