[Jerome]

Who would have believed it!

[Jerome]

here is the link to resubscribe: http://www.dividendes.ch/my-membership-options-page/

Pat Jac, you are absolutely right: the CHF is a structurally strong currency, unlike the dollar.
This is why you should choose stocks that benefit from a weak dollar when investing in US stocks.
When investing in Swiss securities, you should, on the other hand, choose securities that are little impacted by a strong CHF.
This is one of the foundations of my dividend strategies. I talk about it in particular here:
http://www.dividendes.ch/2011/12/actions-en-devises-etrangeres-et-risque-de-monnaie-12/
http://www.dividendes.ch/2011/12/actions-en-devises-etrangeres-et-risque-de-monnaie-24/
http://www.dividendes.ch/2012/01/actions-en-devises-etrangeres-et-risque-de-monnaie-34/
http://www.dividendes.ch/2012/01/actions-en-devises-etrangeres-et-risque-de-monnaie-44/
http://www.dividendes.ch/2013/07/se-proteger-contre-le-risque-de-change-en-investissant-de-maniere-globale/
I think this answers your two questions.

[Jerome]

Hi Gregory
Thank you for your compliments. It is clear that this news is a big surprise and I must say that I did not expect it. At least not so quickly.
Now, the surprise effect having passed, here is what I think:
– short-term effect on my portfolio: moderate decline due to exchange rate variation
– moderate decline because since the creation of my portfolio I have selected securities that are expressly little affected by exchange rates (see my various articles on currency risk). This means that if the dollar falls, the price of the counterpart security rises, and vice versa.
– for investors who have cash in CHF: very good opportunities to buy in foreign currencies (I had already taken advantage of a very high peak in the CHF in August 2011 to buy CVX at a good price, just before the floor rate was set).
In short, no need to panic. We knew it was going to happen… we just didn't expect it to happen this quickly.

[Jerome]

Hello Jef
Thank you for your compliments and welcome.
Good luck with your investments.

[Jerome]

Good morning
bienvenue à toi et merci pour ton inscription
plein succès dans tes investissements et n’hésite pas à poster sur le forum si tu as des questions

[Jerome]

THANKS
I do not believe in the parity of the euro with the CHF
The SNB will not allow this
Yes, the dollar has helped my portfolio's performance a little, but let's not forget that I choose stocks that react rather inversely to variations in the greenback. In the long term, it is indeed a structurally weak currency.
So in the end, I don't care much about the dollar's fluctuations... except that it allows me to buy commodity companies cheaply... relatively speaking.

[Jerome]

So here we are at Christmas with the s&p finishing at 2'081.88
The closest result is given by vwalakte with 2,074.75
Congratulations!
I've just extended your membership for another year, since you're already a member (i.e. until September 29, 2016).
A very happy festive season to you all!

[Jerome]

Yes, nothing to do with 2008-2012 indeed.
This is also the case for PG… even if it remains a very good company!

Apparently, thanks to this buyout (in fact an exchange of shares), the capital will be reduced by 1.2%
moreover, Duracell's income represents "only" 3% of PG's overall figure
so I think the impact will be relatively small

a future dividend growth of more than 5% per year is expected for the next few years
with that of the expected EPS, that should make 8 to 12% in total

In short, it remains a good value, with a volatility of only 15%

[Jerome]

as you say the valuations are too high at the moment
but I'm also looking at XOM which interests me quite a bit

[Jerome]

Hello Cedric

I don't know this strategy well but I just took a look out of curiosity.
Here is a link to understand what it is: http://learnbonds.com/all-weather-portfolio-ray-dalio/
The idea is therefore roughly to have assets which would cover the different risks depending on the economic cycles.
It reminds me curiously of Harry Browne's permanent portfolio: http://en.wikipedia.org/wiki/Fail-Safe_Investing
which proposes to invest 1/4 in each of the assets: gold, bonds, shares and cash.

In short, I am not a big fan of gold and bonds and I only hold cash when the market is too high to buy cheap stocks (like now). Gold, bonds and cash do not create value unlike stocks.

So ultimately I am not too keen on this type of strategy because I start from the principle that increasing dividends are essentially a "4 seasons" strategy that performs well in all types of economic cycles.

Here is one of my articles from that time that talks about it

The advantages of dividend payers

[Jerome]

all bets are off!
see you at Christmas

[Jerome]

nice fall on HP… but XOM tempts me more and for longer!

[Jerome]

yes, I am looking at XOM and BP in particular
in another register (natural gas) I also monitor WPZ (MLP)

[Jerome]

Hello Jean-Yves

I suggest you take a little tour here: http://www.dividendes.ch/tutorial/
especially under the indicators section

Happy reading!

[Jerome]

Intéressant merci mais effectivement toujours rien sur la faillite du sous dépositaire étranger. Il faut donc se borner à la réponse un peu floue de Postfinance ci-dessus.

[Author]

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