Dividend Growth Investor - Recent Activity for June 3, 2026

Good Morning,

I wanted to let you know that I made a few transactions today.

As you know, I am a buy and hold investor. I go through my entry criteria (valuation, fundamentals, quality), and once I find something, I buy it and hold it for as long as possible. I rarely sell, because my audit has uncovered a painful truth - selling has been a mistake. I now rare sell. Notably, I would hold a security for as long as it doesn’t cut/eliminate dividends or it gets acquired. I do reserve myself the right to “other” however.

As you can see that my buy and hold and pretty much never selling, combined with my strategy of buying what I think is attractive today, leads to a very long list of companies in the portfolio. This diversification does not bother me, as I view it as a protection against ignorance. And believe me, the future of say 2046 or 2056 will turn out much differently and in a big surprising way to what we think today. At least that’s how the past 20 - 30 years turned out for me - I am surprised about things that I thought would for sure turn out one way, and they didn’t. I am also surprised about things I dismissed, which turned out to be amazing. And vice versa ;-)

I do hold on to most spin-offs, and that turns out into a big portfolio with lots of companies. Research has stated that in aggregate, spin-offs tend to do well. But, if I end up with a negligible position size, it just becomes a rounding error. Which makes it a pain if you have to report it each month (takes mental bandwidth in a way).

I do hold fractions of shares or a lot of positions too, and have done so for long periods of time. But I do understand that for the purposes of this portfolio I share with you, it may be a little bit too much. Hence, a few years or so ago I made the policy change to get rid of any spin-off shares if the new position is worth about $100, if I do not see myself adding to this position in the next few months or so.