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 Serica Energy (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 Bloomsbury Publishing (BMY) and how to identify companies in an earnings upgrade cycle.
14: 11 Bioventix (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 Zone (SHOE) has bucked a difficult retail market, and the likelihood of earnings upgrades.
23:43 IG Design (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 Man Group (EMG), and the discipline of being fully invested.