Thank SNOOPY and other guys providing the advice.
SNOOPY, is your diary a physical traditional paper based diary?
I made an excel table with all of my transactions and then added the reasons for each transaction under the column of "Reasons for investment". The reasons might be like:
1. AIR has a good dividend history. Current Dividend Yield:12.2% (as calculated at directbroking.co.nz, 11 cents / 90 cents)
2. I'm a ANZ customer. Add ANZ to diversify bank shares. Good dividend history. Current divident yield: 5.2%.
3. buy MET on 2 June: came across news about MET's lost its case with APVG regarding the acquisition. Retirement village and eldly care business are definitely good long term investment as the population is aging.
4. sell MET on 10 June: "Shareholder Meeting called to Vote on Litigation" announced 8 Jun. Seems the management is more interested in selling the company at premium instead of focusing on improving operations. The potential legal action might incur lots of fees and time. In contrast Ryman is bigger than MET and has no such issue.
5. Buy RYM on the same day when selling MET: better long term investment in retirement village and care industry (than MET). Bigger company, bigger development pipelines, no complex, costly and long legal dispute issue. Refer to "KordaMentha Independent Advisers Report" (
http://nzx-prod-s7fsd7f98s.s3-websit...271/323998.pdf).
Then I sent the excel table to my own email box (in this way, a time stamp can be there for future verification). Do you think this is already a good approach? Cheers.