Investments #33/364
I’ve come back after 2 months break and deposited another $220. Just to remind that my strategy is to make 364 weekly deposists of $200-$200. It will result in around of $80k of contributed capital + I plan to have another $20k of revaluation gains and dividends. My current balance is $7.3k, but I believe in small steps approach…
This time I decided to buy VALE ( $Vale SA (VALE.US)$ ) shares. VALE S.A. is a Brazilian company engaged in metals and mining. VALE is the largest producer of iron ore and nickel in the word.
I believe that iron ore and nickel will stay in demand for the next 20-30 years, and the Group should have sufficient cash flows to cover current value and earn extra money for shareholders. Current dividend yield is 13% which is not bad 😊
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Common sense investor. I invest in companies which can give return of 15% on my investment + FCF to double my investment
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