Private investor. I invest in equities for income and growth. 🇨🇮🇺🇦 🇪🇺

Galway, Ireland
Joined August 2020
Hey all. I've been writing about Stocks and Investing on Substack in long form. If anyone is on #substack feel free to checkout my website. My aim is to write about 1 stock per week focusing on Value, Dividend & Growth Investing. open.substack.com/pub/invest…
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In 1998, Warren Buffett gave a free 1-hour masterclass on how to never lose money investing. Bookmark & watch today, no matter what.
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Medtronic $MDT is one of the world's largest medical device makers and also a stock that's badly lagged the market since its current CEO took over in 2020. Here are my thoughts. investagram.substack.com/p/m…
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Interview with David Gardner of the Motley Fool talking with @davidmcw Excellent and interesting podcast as usual. open.spotify.com/episode/40m…
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$ISRG: debt-free, 20%+ revenue growth, 28% net margins — and still down 30% from its highs. New CEO. New competitors. First real threat to the moat in 20 years. investagram.substack.com/p/i…
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Gilt yields at an 18-year high, Treasury yields near multi-year peaks. Hears what's actually going on and why it matters even if you don't own a single bond. investagram.substack.com/p/a…
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Either you believe in capitalism, or you believe in socialism. Capitalism, as we know, creates wealth. Socialism, as we also know, creates poverty.
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The Socialist myth is that governments can promise more & more, and take more & more, but that we can still keep our freedom. The truth is that if government does everything for you, it will take everything from you - first your money, then your dignity, & finally your freedom.
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About time, ordinary savers now have a chance to invest in their futures without being penalised by tax. #compounding #investing
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📈 How do I actually structure my SIPP ? This is a question I am often asked. Most investors build their portfolios by accumulating names they like, names they believe in. I build mine with pillars, each with a specific job in mind. 💎Pillar 1 - Growth & Income - Core holdings (#JGGI, #IGET, #MYI, #JEGI, #JAGI #JCGI- the first three don't overlap too much - this is important) This is the engine room. Four global/regional trusts doing double duty: capital growth AND a rising income stream, without me having to pick individual winners. JGGI/IGET/MYI gives me global growth exposure with a quarterly payout funded partly from capital, a structure I'm comfortable with because the total return has been consistently strong. JEGI and JAGI extend that same growth-and-income discipline into Europe and Asia, so I'm not just US/UK concentrated. This layer is the ballast: diversified, professionally managed, income-generating, and it lets me sleep at night even when markets are choppy. 💎Pillar 2 - Private credit, infrastructure & real estate This is where the reliable cash comes from. Private credit trusts (#MGCI, #TFIF, #NCYF, #GCP, #BIPS #RECI and #CVCG) capture the illiquidity premium banks used to earn, steady coupon-like income, less correlated to equity markets. Infrastructure trusts (regulated assets, long-dated contracted cash flows) #FGEN, #INPP, #HICL and #UKW add inflation-linked, defensive income. Real estate names think healthcare property, supported living, logistics-adjacent, bring rental-style income with asset backing. None of this is exciting. That's the point. It's the layer that keeps paying whether or not the market is having a good year. #PHP #SUPR #DLN #GRI #BBOX 💎Pillar 3 - Recovery & growth stocks (30-40%) Only once the income base is doing its job do I let myself add the higher-conviction, higher-volatility sleeve, undervalued recoveries and growth names with real upside optionality. This is where I take swings, but it's sized deliberately small relative to the base, because if it goes wrong it shouldn't dent the income machine underneath. Why layer it this way? Because for me, with ten year away from retiring early, income investing isn't about chasing the highest yield, it's about sequencing risk. Core income first, diversifying income second, speculative growth last, and always sized so the top layer can't sink the foundation. Of course the weighting of each of these pillars moves in line with cycles ... when market dips I tend to sell some of my safer assets in order to grab the opportunities out there. Everyone has a different investment philosophy and there is no right or wrong - enjoy the ride 🤩
🤖 Made with AI
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Quite right. People's hard earned €€ are stuck in bank accounts eaten away by inflation due to punitive investment tax. About time this is ending!
Advocating Swedish-style savings/investments accounts. It should be a policy priority 1) to help people protect their wealth from inflation 2) grow their wealth to reduce dependency on the state in old age; 3) and simply become wealthier. Prosperity is good.
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Ryanair is a genuine investment opportunity for the long term investor. #Ryanair open.substack.com/pub/invest…
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Simply Amazing. Huge implications for AI investors, customers and users.
Palantir's CEO just exposed Sam Altman and Dario Amodei for robbing every Fortune 500 company. Within two minutes, Alex Karp took the entire frontier AI industry apart on national television. His exact words: "Every single enterprise in this country, these people are LIVID. They are paying for tokens that create no value. These people are stealing the weights and alpha of my business." He literally said the entire frontier AI business model is intellectual property extraction dressed up as a subscription. Then he also destroyed the pricing model with a single question that Silicon Valley still refuses to answer: "If it was so valuable, let's say I can make you $1 billion tomorrow. Wouldn't I say I'll make you $1 billion and I want 30 percent? Why are they charging for tokens if it's so valuable?" That question breaks the industry. If OpenAI and Anthropic's models truly delivered the productivity gains the labs claim, they would take equity or a share of the profit they generate. They would not sell access by the million tokens. Token pricing is itself the CONFESSION that the product cannot produce reliable value at scale. If it did, they would price for the value. But they price for the compute because that is what they are actually selling. Karp went even further... He called the entire arrangement "a wealth tax that does not help the poor. It just punishes." American businesses are transferring the alpha of their operations, meaning the workflows, the customer data, the strategy memos, the internal models that make them competitive, directly into the training pipelines of a handful of Silicon Valley labs. Once those labs retrain, the customer's own edge becomes the next enterprise product sold back to their competitors. And the part the AI industry does not want anyone thinking about: Every enterprise running its confidential documents, its customer conversations, and its financial models through a frontier model is potentially teaching that model HOW to replace them. The vendor collects the token fee AND the compounding intelligence about that customer's business. That is the mechanism. And that is why Karp used the word "stealing." He claims this is why every executive he meets is furious in private and silent in public. Nobody wants to be the CEO who called out the labs and then discovered their next competitor was built on their own leaked workflows. The entire AI industry has been priced for perfection on one assumption: That frontier labs produce durable, defensible value that justifies infinite compute spend. But Karp just told us that the customers do not believe that assumption anymore. They believe they are being taxed without benefit, watched without consent, and copied without recourse. The moment enterprises stop believing, the whole valuation stack shakes.
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Warren Buffett and Peter Lynch framework on when/when not to sell a stock. open.substack.com/pub/invest…
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Peter Lynch: “You have to be looking for new companies and look at the balance sheet. If you can add 5 and 5 and get reasonably close to 10, you should be able to look at a balance sheet and say: here are 2 depressed companies, they’ve gone from $50 to $3 dollars. One company’s got $300 million in cash and no debt. One’s got $300 million in debt and no cash. Which one are you gonna buy? Not too hard.” Keep it simple.
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Why Amazon could be the AI Investment of the Decade. open.substack.com/pub/invest…
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“If you're a pure socialist, you're a nutcase. An absolute nutcase. Not a modest nutcase, but a real nutcase." "You can be a perfect nut with a high IQ." - Charlie Munger.
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Charlie Munger on when to sell stocks: “Find Costco’s, not good exits.”
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Getting paid for holding stock feels great but here's the uncomfortable truth: Dividends dont make you richer. At least not in the way most people think. #Dividends open.substack.com/pub/invest…
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Investagram retweeted
“Avoid people who are full of self-pity, and people who feel like victims. Avoid them like the plague.” - Charlie Munger Wise words from a wise man.
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Vital Farms (VITL). Why are investors losing confidence? open.substack.com/pub/invest…
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