Share Investment March 26 part 1
I made a mistake in the past year. For past one and a half year, I have set aside some fund invested in shares that are recommended by my IFA. He mostly recommended growth stocks i.e. stocks of companies that pay little to no dividend and focus on growing the company and a few ETFs. So I thought I should dispose of the shares that I invested based on the Smart Investor's Dividend Portfolio which are classfied as "growth". However, later on I realised that these are still dividend paying stocks but of companies that are still growing. Typically the current dividend yield is low (lower than the "income" stocks). The premise of the investment is that as the companies grow, they would pay out more dividend and so the dividend yield on cost would grow. iFAST is a prime example. Hence, I started repurchasing these shares as and when Smart Investor recommends. I still avoid those that are classified as "speculative". Alright, moving on: these are the shares ...