Category: Stock purchase

Why you should settle with less but strive for more

There are thousands of analysts, experts, experienced traders, hedge-fund managers, billionaires, scientist and geniuses trying to beat the stock market. What makes you think, that you can do a better job?

We are all trying to pick the best stocks possible, but everybody can’t beat the market. But I think you can beat the market if you settle for less than the best possible stocks.

To simplify this, I’ll define that you can beat the market in two ways:

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New year and a new strategy

New year and a new me.

Maybe a bit of a reach, but I have a new stock strategy at least. The strategy is an outcome of a new broker and their beneficial pricing regarding stock purchases in smaller amounts.

Until now I have used Nordnet as my only broker. They have no fees besides a trading fee of 0,1% This is quite good, but there is a minimum trading fee of 3,8€ and over 10 € for US stocks. There are many great dividend stocks in the US, so this price is a bit steep for my taste.

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First buy: Novo Nordisk A/S

We have liftoff!

It feels so great to be underway on my (hopefully) big FIRE adventure. My strategy is to buy different dividend stocks. In a later post I will explain my strategy in detail along with my criteria for buying a stock.

But enough talk and to the business: My first buy is danish company Novo Nordisk. They make medicine and their key business is insulin for diabetes patients.

The data:

  • Novo Nordisk a/s
  • Stock price: 40,20 €
  • P/E: 18,89 (source: nordnet.dk)
  • Dividend (2018): 0,76 € (bi-annual)
  • Dividend ratio: 37 %

I have bought 19 shares resulting in a forward dividend of 14,47 € per year.

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