As I wrote a couple of days ago, I transferred 25 782 NOK ($3000) to my online trading platform a few days ago. I also wrote that I wanted to invest in something different than the corporate bond fund that I’ve invested in twice. I’ve spent multiple hours today in researching different stocks, commodities and ETFs. I almost ended up investing in a small gaming company based in Denmark called Hugo Games (a penny stock), but after looking into their mobile games, cashflow and financial results, I decided to stay clear of it.
I discussed investment strategies with a good friend of mine yesterday that suggested I should try and find a company that I would like to “own” and continue to buy shares in that company. With enough shares I could take a board position later on and be able to influence company decisions. That’s something I would like to do, and I will be researching companies that I would like to own a substantial part of.
It’s obvious that I cannot expect to own a substantial amount of shares in a large cap company, but it is doable for small to mid cap companies. I’m on the lookout for high tech companies in the small- and mid cap range. They should be leading tech innovators in their field and focus on one or more of these areas:
- Renewable energy
- Autonomous systems
- Ocean Industry
If you have some good candidates, please leave a comment below and I’ll take a look.
For June’s investment, I decided to stick with the corporate bond fund Deutsche Invest I Eu Hi Yld Corp LC as I couldn’t find any other option that spoke to me. Gold is most likely a good choice, same as palladium and lithium, but I won’t move into commodities just yet.
The 33% Club
I created the 33% Club group on Workplace for our Gold Members on May 29th. We now got more than 17 members that have pledged to invest a certain percentage of their monthly income in an asset they believe in. The goal of this group is to help each other to reach each individual’s financial goal. Join us on Workplace and let us know what you are investing in.