Good
all once again.
Not long ago mentioned what to me should be the RULES TO INVEST IN STOCK , thinking about the medium to long term . Referred to the advisability of investing only in "high-quality companies " with an "unreasonably low prices" and "attractive dividend maintained over time."
A little less time writing about the value I give to bearing accounts, explaining that for me were the ideal product to have the money in both as we did not find any investment that we might look interesting . To do this we must find an interest-bearing account that at least offers us return, after taxes, which marked the consumer price index, known as IPC, whose last data for the month of March this year was 3.6% and also offers the possibility of having our money when we wanted. Thus, our money would never lose purchasing power.
my investment preference has always been the stock market and, in particular the large values \u200b\u200b with good dividends , and a solvency rather than proven. Neither do I understand futures, options or understand, or understand the warrants, CFDs or understand, or understand binary option in some media that advertise on line with 70% returns in a ...... hours, or understand all of these products, which "experts" called derivatives, the result of financial engineering that so often are sold with all kinds of benefits by intermediaries financial risk without adequately explaining that many investors assume when working with these products. Until today, I focused on what is called the market spot, which is nothing other than to buy and sell shares in the English market.
This time, I've noticed TELEPHONE.
TELEFÓNICA What I see as an investment in the medium to long term?.
First, a great company, very reliable, trouble-free finance on international markets, with an earning capacity take into account too, assumable debt levels and a high credibility institutional investors, who ultimately are the ones who move the market. La Caixa and BBVA with more than 5% each, are its two major shareholders, followed by the Blackrock fund, with almost 4% of the capital.
Second, the excellent geographic diversification of its business , with increasingly less exposure to the English market and a growing presence in two of the major emerging countries such as Brazil (with a stake in Vivo, the largest Brazilian mobile operator) and China (with a share will reach 9.7% in China Unicom, one of the major operators in the Chinese market) .
Second, the excellent geographic diversification of its business , with increasingly less exposure to the English market and a growing presence in two of the major emerging countries such as Brazil (with a stake in Vivo, the largest Brazilian mobile operator) and China (with a share will reach 9.7% in China Unicom, one of the major operators in the Chinese market) .
And here I make a clarification. Those not in favor of buying phones, I argue alluding to the maturity of their business to the limited capacity for growth that this company is in Spain. And, in my view, is true. enough to see the latest data published by the Telecommunications Market Commission for Telefonica in Spain and increasingly losing customers has less market share. But it is true, and this is what I want to insist, that the income of Telefonica in Spain do not reach one third of the total, ie more than two thirds of its income comes from outside Spain, mainly in Latin America.
To me, that ability to grow its business outside Spain, more than offset the continued loss of business in Spain, which is ongoing and will be lasting. 's big bet on Brazil and the close collaboration with one of the largest telephone operators in China, in the medium to long term, it should bring significant benefits.
Today, is in these countries where the high economic growth and where it is generating a large middle class that does not take much, it will be a major consumer of all types of products, including fixed telephony Mobile and Internet . Those who are well positioned in these markets and PHONE so, are those which carry much of the business.
Third, Telefonica has an incredible dividend that concrete commitment repeatedly reiterated by the company pay 1.60 euros and 1.75 euros in 2011 at least in 2012 and beyond . The dividend payment is the strongest commitment a company can take to their shareholders and, if we are talking about seems to be a reality to maintain that dividend in future years . Without going far, the May 6th pay $ 0.75 per share. Buy
TELEPHONE actions, at a price close at 17.5 euros, represents a dividend yield of 10%. I know many investment alternatives that offer similar performance.
addition, the amount to be charged for the payment of these dividends is tax exempt , to the figure of 1,500 per year per taxpayer, provided that it meets the requirements set out in Article 7) of Law 35/2006, December 28, bringing the net rentabilidd obtained after taxes, in this case coincides with the gross profitability of the operation, before taxes.
But INVESTMENT IN BAG HAS ITS RISKS , much higher than in other types of investments and this should be taken into account when making a decision. The stock market declines are a factor to be considered and, in some cases can be very pronounced and lasting in time. If not assumed the risk, DO NOT invest in stock. If you are not able to take the stock price falls, DO NOT invest ever bag. It's that simple.
While the share price of phones can fall , something made possible by the very nature of business, if purchased at a good price, I think investing in such securities with a view medium to long term survival and financial health as they are more than insured, with a high dividend yields and clear commitment by the company to keep those dividends in time, means taking a risk which in my view, is more likely to finish by more joys that concerns investors who are patient enough to let time pass and wait for the exchange itself to recognize these companies that have real value, which in my opinion, well above the current price.
As an investment that guarantees a regular flow of capital in the form of semi-annual dividend (one to charge in May and other receivables in November each year, accounting for nearly 90% of the benefit obtained), accompanied by a probability Revaluation real medium to long term for her extraordinary internationalization, especially in Brazil and China, I think is a great investment opportunity, with a view to two / three years.
A greeting to all
As an investment that guarantees a regular flow of capital in the form of semi-annual dividend (one to charge in May and other receivables in November each year, accounting for nearly 90% of the benefit obtained), accompanied by a probability Revaluation real medium to long term for her extraordinary internationalization, especially in Brazil and China, I think is a great investment opportunity, with a view to two / three years.
A greeting to all
José Antonio
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