Monthly Report - January 2015

Time flies when you're having fun and it's already time for january's monthly report. The Swedish stock market has continued to rise a month into the new year, and at the time of writing is up by over 7%. I have mixed emotions about this fact - it's nice that the portfolio has increases in value, but at the same time it's frustrating seeing the companies on my watch list becoming increasingly more expensive.

As of right now I don't plan to completely stop buying on a monthly basis. Provided that there there is value to be found out there, I will aim to continue investing regularly. 

Purchases During The Month
Not a single purchase was made during the month of januari. I hope to find som value in February.

Development Of Our Passive Income
For me and my family time is among the most precious things we have. We hope that our passive dividend income will help us gain more control over this important resource.
I've mentioned it before, but it may be worth mentioning again, that the passive income in the monthly report correspons to the current annual dividend per share multiplied by the number of shares I own. To try to clarify this further - the passive income on an annual basis is the equivalent to what I would have received in dividends had I owned all the shares for a whole year.

Despite the fact that no purchase was made during the month, the passive income has increased in SEK thanks to dividend increases from Atlas Copco, H&M, Handelsbanken and Fortum. However due to a weaker Krone the amount is unchanged in dollars from last month. The passive income on an annual basis is, at the time of writing, about 2600 dollars on a annual basis and covers approximately 6% of our annual cost of living.

This is how far we have come in relation to the first 10 years of our long-term savings goal;

The graph above shows that we are already well-postioned for hitting the target for 2015. However, if the markets continue to rise during the year it may be difficult to achieve the goal for the year despite the excellent starting position.

The Month Ahead
In recent months most companies on my watchlist become more expensive. The only company that looks cheap at the moment is Bonheur, but the risk associated with the stock is also higher than for other companies on the watch list. My estimate of sustainable VPA and future dividend growth is dependent on the price of oil and the condition of the Bonheur's rigs. I'm looking forward to reading through Bonheur's and as well as my other companies reports this month. Which company will increase its dividend and by how much? Will we see a dividend reduction from Bonheur?

The following companies in my portfolio will release their reports in the near future:

- Friday, 5 FEB - Industrivärden
- Monday, 9 FEB - Beijer Alma
- Tuesday, 10 FEB - Coca Cola
- Thursday, 12 FEB - Mekonomen
- Wednesday, 18 FEB - Bonheur
- Tuesday, 24 FEB - Deere & Company

I will try to post my thoughts on so many reports as possible here on the blog. As usual I am hoping for buying opportunities in these and other companies on my watch list.

Have a great day!