I want to add MRCH to the SNOWBALL, for the yield and an above average chance to achieve the holy grail of investing, in time.

I have posted the chart up to the end of Feb and for illustrative purposes only the dividend is re-invested, where for the SNOWBALL as the price rose and the yield fell it would have been re-invested in in a higher yielder.

Back to the covid crash, interesting to note ‘support’ in action, where for whatever reason the share is bought when it falls to a certain level.

If you had bought it took over six months to breakout, so with the benefit of hindsight, there was no hurry to buy but a great share for re-investing the earned dividends, for the day when it does break out.

It’s always easier with hindsight, the regret would be that you never got a position and the patience needed as you wait for the price to rise. If the price continued to fall you could buy more shares with your dividends, if it went sideways, you could add more shares around your current price level. If it never went up, unlikely but you would have cash to pay your bills.

Hopefully, if the oil price stays high but not for too long, I will be able to build a position. I haven’t got anything I would like to sell at the present time because the fcasted dividends mean I will beat the fcast and dividends are always the only deciding factor.

GL