End of year overview 2014

The end of the year is near and for that reason it is a good time to look over all the investments again. The reasons for why I bought shares have not changed since last year so for all the old stocks you can go to the previous report called End of year overview of my contrarian stocks 2013. The old companies will however still be brought up with how much value they have generated (share price * shares + dividend - trading fees) and if there has been any new lesson learnt then that will also be brought up.

Extra investment December: ETF Russia

I guess I must call this an investment side-track that I have now started up. Happily it covers two advantages at the same time:

1. That I start to buy index funds just like I said that I would do when I did not manage to perform better than index after five years of investing (I still have two years to go!).
2. The index funds will be bought in pushed down markets so it will still be contrarian as it also must be done by me or else my blog need to change name.

I was and I still am, probably even more so now, very interested in Russian companies. To own individual companies I found difficult and for that reason an ETF of the Russian index turns out to be a perfect option for me.

What I therefore bought was a replicated, dividend paying, 0.6% fee ETF Russia from HSBC (ISIN DE000A1JXC86, WKN A1JXC8). Of this ETF I bought 135 parts which including fees I ended up paying 1013.65 € in total for or 7.51 € per part.

To take a look at my current Stock Portfolio then please click on that link. The portfolio will however not be fully updated until the end of the month.

The forest of ETFs

I have made few posts concerning ETFs but I have thought plenty about it and I have been digging a little also. Today the ETF market is a jungle. I get the feeling that once someone has established a new system that starts to attract investors then pretty soon every financial institute start up plenty of "products" in that field so that you can hardly see the individual trees due to the forest.

Today there are ETFs covering every field you can think of (index, large cap, small cap, regions, segments, commodities etc.) and too make matters even worse there are even long and short and leveraged ETFs. The ETFs can also be physical replications (meaning the bank/broker actually own the shares) or they can be SWAPS (meaning that an agreement has been made between your ETF and a third part that holds the money). There are ETFs paying out dividends and there are ETFs that directly re-invested the dividends.

Analysis of Eurokai

Company: Eurokai

ISIN DE0005706535 | WKN 570653

Business: A German container and logistics holding company. They stand on two pillars: with 83.3% of the shares in Contship Italia S.p.A., as well as 50% of EUROGATE GmbH & Co. KGaA, KG.

Active: They run container terminals at the seaports of Gioia Tauro, La Spezia, Cagliari, Ravenna and Salerno in Italy, in Hamburg, Bremerhaven and Wilhelmshaven in Germany, in Lisbon in Portugal, Tangier in Morocco and in Ust-Luga  in Russia.

P/E: 16.3

Comment: This company appeared as much more exciting in the screeners. The Eckelman family owns 75% of the shares. Half of the shares are voting shares and the other half non-voting shares.

Dividend from Intel: December 2014

The forth and final dividend payment from Intel arrived just recently. I directly see on my broker account that some extra cash has arrived but I am then never informed how much taxes were taken so for that reason I always wait until I receive the paper with the mail before I make a publication.

Intel paid exactly the same as last quarter so 0.225 USD per share. This means that I received 22.50 USD for my 100 shares of Intel. There has been some changes in the USD/EUR exchange rate so I received 18.01 € this time. From that was removed 2.71 € in taxes and I received 15.30 € on my broker account.

Since spring 2014 the share price of Intel have rushed like crazy from 17.70 € to now being around 30 € and I start to be uncomfortable owning them. I hope that the earnings of the full year 2014 will justify their latest market valuation.

If you want to see more about Intel then please go here for the analysis of Intel 2014.

To check out my current dividend payment history then please visit the Stock Dividends page which has now been updated.