How to find quality shares

While good-quality stocks rarely come cheap, that doesn't mean you should ignore them. Phil Oakley explains how to spot established stocks worth buying.

Good companies that deliver growth and profits consistently and don't spring many if any nasty surprises on investors often don't make the most exciting investments. That's because people get to know that they are good and this is in turn reflected in the price of the shares. You very rarely get the opportunity to buy a good company at a bargain price.

But that doesn't mean you can't profit from them. And if you are a conservative investor and want to sleep at night, then buying the shares of good companies makes a lot of sense. Holding on to these types of firms for a long time while reinvesting your dividends can be a very effective way to build your savings. So what makes a good' company?

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.