Private Investor Diary: Introducing John Rosier
In the first of a new monthly series, Vox Markets speaks to private investor John Rosier, one of the UK’s leading investment bloggers, about his investment approach, the value of keeping a detailed investment diary, and what he’s been adding to his portfolios in recent months.
You can read John’s Investment Chronicle in full by visiting https://www.jicuk.com/jic-portfolio and signing up for a two-week free trial.
1:05 Introducing John Rosier and Johns Investment Chronicle, the record of John’s journey as a private investor building wealth over the long term.
2:42 Performance since inception, and the difficulties over the last 21 months since the portfolio value peaked before the current bear market.
3:37 Describing the second portfolio, a funds only portfolio, and the rationale behind it.
6:00 (SQZ) and its recent reserve update
7:34 Describing John’s investment style, and his preference for bottom-up value investing.
8.59 Why John recently added “classic compounder” Me Group (MEGP).
9:51 The importance of dividends – and the balance sheet strength and free cashflow generation behind them - as growth investing loses its shine.
11:14 The research process and finding new candidates for the portfolio.
12:48 (BMY) and how to identify companies in an earnings upgrade cycle.
14: 11 (BVXP) and the importance of common sense in investing.,
15:08 Bringing a top down ‘macro’ approach into the investing approach, and why the portfolio have such large commodity exposure.
18:33 The value of keeping an investment diary.
20:30 How (SHOE) has bucked a difficult retail market, and the likelihood of earnings upgrades.
23:43 (IGR) and how new management have refocused the US-centric greetings industry business.
27:33 The art of choosing when to sell and learning from past mistakes.
29:20 What’s on the watchlist, including (EMG), and the discipline of being fully invested.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.