Static screenshot at the time of writing, not a real price feed!
A few days ago I sat down and actually thought about the best way to “create value” within empireavenue.com (EAV). I’m not going to talk about what EAV is in this post, theres plenty on the internet about it.
Personally for me, EAV is an interesting way to find and engage with new people/contacts, so its a business/social network in one sense, and its also a game at the same time, so its fun.
If you look at the screenshot, my new approach seems to be working. I’ve not been anymore active on social networks than I usually am, so I would attribute this jump to the following;
1. I messaged all of my shareholders and shared the following tip: Endorse my EAV blog feeds, this will increase my share price, and thus increase the dividends you earn as a shareholder (win:win). You should also ask your shareholders to do the same. Blogs are very important to EAV share price, as it reflects quality content generation.
2. Using the awesome recbuys script (which you can get from teamzen.org), i’ve cleaned up my portfolio. Being new to EAV I had bought lots of people who seemed interesting, and my friends etc. This approach isn’t really the best I realise now – for me anyway.
3. I am now focusing on “maxing out” (buying to my share limit, which I’ve now increased from 200 to 300), on stocks that are yielding daily dividends per share greater than 1.0. Theres a fine balance to strike between the share price you are buying at and the dividends per share. The teamzen dividends page is usually a good jumping off point. If a stock is priced less than (e)100 per unit, and yielding greater than 1.0 dividends per share, i’ll usually max out on that stock very quickly.
Results so far
The more I focus on increasing my buy in of >1.0 divs/share stocks, the greater return I make for myself, and thus the more I can pay out to my shareholders, which means the better my own divs/share is, and the more attractive my stock is.
The thing I’m trying to strategise on at present is wether or not to disable the auto share upgrades when I am fully sold out. Obviously issuing more shares automatically will cause a dip in my own divs/share payout. I’d value some feedback/thoughts/experience on that one.
Hope this random musing is helpful 🙂 Feedback/comments/discussions, always welcome.
– http://empireavenue.com/hamlesh – my stock, if you feel like buying in.
– http://motah.co.uk/eav – my portfolio metrics, powered by the recbuys script, so I can make decisions on what to hold, and what to sell
– http://teamzen.org – the place I start when looking for which new stocks to buy
– http://empireavenue.com/pirillo – currently has one of the highest divs/share ratios on EAV, I keep an eye on what Chris is buying, you should too 😉
As always, I’m @hamlesh on twitter, come say hi!