Nicholas' Story
Before Stockopedia, how did you go about finding investments?
I tended to look for a good dividend yield and buy companies with a reasonable price to earnings ratio. I read the financial press and financial websites but avoided chat rooms for the most part. I also occasionally bought special situations such as takeover bids and where shares seem to be significantly underrated.
In what way has Stockopedia changed your approach to investing?
I try to buy companies with a stock rank of 90 or greater with a good yield. I also buy into segments that are currently performing well and/or appear to be underrated.
Nicholas saves time and gains insights for both his and his wifes investments.
Has this impacted your investment results and/or quality of life?
It is difficult to be certain as we are in a bull market and a significant proportion of my holdings were purchased before I started using stockopedia. However, I think that most of my recent purchases and sales have been much better informed and most have performed well.
What's your advice for investors that are just starting out?
I think it is important that they decide their investment strategy. Investing for income and therefore looking for dividends of around 5% with no or modest capital gains is different from trading in growth shares and setting stop losses. I think the latter approach is more difficult and requires more time and effort and skill. My suggestion would be to start with the first approach and gradually introduce a proportion of the total investment into trading growth shares after reading extensively.
Disclaimer - Testimonials are provided by third parties for informational purposes only and are not intended and should not be taken to be financial product advice.
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