Latest Stock Buy: NHCBHFFT (Baltic Horizon Fund)

Updated: 3 February, 2019 seen 159

On January 3rd, 2019 I bought an additional 250 shares of Baltic Horizon Fund (NHCBHFFT) at EUR 1.311 per share. With its quarterly dividend of 0.025 euro cents per share, this latest buy has a dividend yield of 7.6% and will pay additional EUR 6.25 every quarter. Nothing to brag about, but still a decent.

Baltic Horizon Fund has been on my radar since the August 2017. Actually first spotted in March 2017, while doing research on Top Dividend Paying stocks in the Baltics. I first added Baltic Horizon Fund to the portfolio in February 2018, see: Why I'm Investing in Baltic Horizon Fund (NHCBHFFT)

Baltic Horizon Fund now takes ~ 10% of my Nasdaq Baltics holdings. 

For the rest of the year, I'm looking to get a EUR 25 (USD 28.49 ) from this buy, which is about 1.39% from my $2,045 goal for 2019

2018 in Review and Financial Goals for 2019 

I don't have any plans to buy more fund units this year, but anything can change.

Baltic Horizon Fund Stock Price and Chart

Baltic Horizon Fund Stock Price and Chart 

Since being listed on Nasdaq Baltics (around July 2016) the fund's unit price has gained a tiny value of 0.03%, as you can see from the graph above, most of the history it has been up and down by a few percents. Currently, the fund is traded at EUR 1.31, which IMHO is a cheap price to buy it.

Now, there is one bold reason I really like this fund, quarterly dividend payments (at least in 2017, and 2018), the yield is around 7-9%, which is among the highest yields in the Nasdaq Baltics.

In fact, Baltic Horizon Fund is one out of two stocks I have, which stayed green during whole 2018 (and I lost about -25% in value in the Baltics in 2018)

The Bottom Line

That said, for the second year in a row, I'm very satisfied having Baltic Horizon Fund in the Nasdaq Baltic's portfolio.

How about you, are you investing in the Baltic's? Probably Baltic Horizon fund? Leave a comment, readers and I would love to hear!