Acknowledging the Small Milestones

[OLTB]

I'm sure that there are many better threads but here is one that I started...

Thanks SDN123 - that's the sort of milestone I have in mind myself - I think all these little steps help to keep engaged with the process.

Cheers, OLTB.

[Bouleversee]

At the risk of having this post removed by the moderators on grounds of being off topic, may I suggest that those of you who have built up large portfolios (or expect to do so) head over to the legal/probate board and read the thread about the outrageous increase in the probate fee due to be introduced in May (unless Hammond can be persuaded to do another U-turn) and consider signing the petition against it. Over 11k signatures so far but over 100k needed for a parliamentary debate.

[CryptoPlankton]

At the risk of having this post removed by the moderators on grounds of being off topic, may I suggest that those of you who have built up large portfolios (or expect to do so) head over to the legal/probate board and read the thread about the outrageous increase in the probate fee due to be introduced in May (unless Hammond can be persuaded to do another U-turn) and consider signing the petition against it. Over 11k signatures so far but over £100k needed for a parliamentary debate.

That's quite an accusation!

(My highlight)

[Bouleversee]

Oh dear! Submit in haste, repent at leisure. Will I get sued? How do I remove the £ sign? Actually, I think it's quite likely that a very large number of MPs would be happy to vote against the increase without any backhander but may feel obliged to toe the party line.

[tjh290633]

Lorna, I've done it for you. If you want to edit after you have posted, there is a row of icons above the post to the right. The leftmost of those is a pen or a marker, not easy to tell which. Click on that to edit your post. It is there for a relatively short time after you post, I believe, but a moderator can always edit it for you if that time has expired.

TJH

[monabri]

I have no idea what was incorrect about the original post..... [nailed it first time IMHO!]

Here's the petition link. If you feel it is inappropriate (the link..never mind the tax!) TJH please remove it.

https://petition.parliament.uk/petitions/188175

[Bouleversee]

Thanks, Terry. I have edited posts shortly after submitting them. If I want to do so later, via the moderators, do I have to report it. Or is there another way of contacting them?

Just spent yet another joyous afternoon resolving queries on the wretched (to put it politely) probate forms, though there will be no IHT to pay. If I don't manage to avoid paying £8k probate fee there will be hell to pay.

Monabri - I trust you signed the petition.

[Raptor]

Thanks, Terry. I have edited posts shortly after submitting them. If I want to do so later, via the moderators, do I have to report it. Or is there another way of contacting them?

Just spent yet another joyous afternoon resolving queries on the wretched (to put it politely) probate forms, though there will be no IHT to pay. If I don't manage to avoid paying £8k probate fee there will be hell to pay.

Monabri - I trust you signed the petition.

As a moderator I would prefer you to report it and let me know what you want changed. I will then edit it and let the other posters know why it was changed. Adding an extra post just leaves me more work but either way I will pick it up. The report may get actioned first though.

Raptor

[Bouleversee]

OK, thanks Raptor.

[tjh290633]

I have signed the petition and written to my MP. It has occurred to me that for a couple, the odds are that each will pay the very high fee unless they give away a lot on the first death. A flat fee would be sufficient, as the costs doesn't rise with the size of the estate.

TJH

[monabri]

I have signed the petition and written to my MP too

Ditto.

[Bouleversee]

Well done both.

TJH - You are right but even if the survivor gives away as much as they can afford to (bearing in mind they then lose the income) they will still own a whole house rather than a half and chances are that the fee will be much higher on the second death and of course the transferable IHT allowance will be used up. I hope your letter to your MP gets a better reception than mine did. She thought it was fair.

We should be on the other board, however.

[JohnnyCyclops]

Thanks SDN123 - that's the sort of milestone I have in mind myself - I think all these little steps help to keep engaged with the process.

Cheers, OLTB.

I'm very much like you, since we started HYPing six years ago. We've added roughly the same amount each year in new monies, and left the dividends to accumulate and buy more stocks. The forecast income for 2017/18 (Apr-Mar) is now around 1/4th of the new monies we'll continue to invest in the same year.

Here's a nice chart, distorted obviously for the effect of adding new mpnies (otherwise it's easy to be fooled that the income's going up 20% p.a.!!). It's the cumulative income each year (excl specials, capital returns, etc). Y-axis removed.

2016/17 is approx double income from just three years ago in 2013/14.

[monabri]

I like it that the gradient is increasingly steeper with each year !!

[OLTB]

Here's a nice chart, distorted obviously for the effect of adding new mpnies (otherwise it's easy to be fooled that the income's going up 20% p.a.!!). It's the cumulative income each year (excl specials, capital returns, etc). Y-axis removed.

2016/17 is approx double income from just three years ago in 2013/14.

Thanks JC, that's a great visual to keep in mind - I keep thinking that I've 'missed the boat' in terms of the low prices of shares from a few years ago, but then thinking more HYP-ally, capital is irrelevant (nice to see increases though!) and it's the increasing income that is key (as your chart so clearly illustrates).

Cheers, OLTB.

[monabri]

I keep thinking that I've 'missed the boat' in terms of the low prices of shares from a few years ago

As a bit of "research" I compared the current (19/03/17) share prices of a basket of companies with their SP's exactly 1 year ago. I also then looked at the FTSE100 value 1 year ago which has increased by a little over 20%.

In column 2 we have the share price one year ago today. Then we have a calculated "expected" (!) share price in column 3 (increased by the FTSE100* increase over 1 year). Then we have the actual share price and, finally, the difference (delta) between column 3 and actual.

(* ok, some of the companies are not FTSE100 but the majority in the list are!).



I concluded that one needs to look at each company on an individual case by case basis to understand what drives the company value. It will no doubt be many things but I don't think it has anything to do with "nautical terms", missed or not missed.

The downside to this analysis is that the snapshot is over a 1 year timeframe only. I actually carried out the assessment based on the quoted "beta" values for each company so see how sensitive each company was relative to the FTSE100. Once again, I could see no correlation over the 1 year timeframe. Such a timeframe is probably too short.

Perhaps just pick your best shots based on "Pyad" and hope for the best over the next "X" years (where X is a large number we hope) !

[OLTB]

Following on from my topic above...

Thanks to dividend receipts from Unilever, Greene King, RDSB, HSBC, L&G, SSE, BP and BHP Billiton during September, for the first time since starting my HYP in Aug 2016, dividends have exceeded £1,000 in one month!

I am aware that this may be thin pickings for some established HYPs, however, I am keen for us new HYPers (and others that may join) to be able to demonstrate how an increasing income can be built over a number of years.

Next step is a single dividend of £500 and then (hopefully) £1,000!

Onwards, cheers, OLTB.

[monabri]

That's excellent and long may it continue (increasingly so divi-wise!). As I hold these "usual suspects" (minus BLT & ULVR) I have a vested interest

[idpickering]

Following on from my topic above...

Thanks to dividend receipts from Unilever, Greene King, RDSB, HSBC, L&G, SSE, BP and BHP Billiton during September, for the first time since starting my HYP in Aug 2016, dividends have exceeded £1,000 in one month!

I am aware that this may be thin pickings for some established HYPs, however, I am keen for us new HYPers (and others that may join) to be able to demonstrate how an increasing income can be built over a number of years.

Next step is a single dividend of £500 and then (hopefully) £1,000!

Onwards, cheers, OLTB.

Nice one OLTB!. That's the 'miracle of compound interest' working it's magic for you. I have an excel graph going back to 2005, and it's nice to see that rise from then until now. I'm getting four times the dividends annually since then. Onwards and upwards....

Ian.

[Arborbridge]

I'm getting four times the dividends annually since then.

Ian, more than 12% pa compound, roughly? Wow. Does that also include extra capital put in over that time, or is that only due to re-investment of dividends from the original capital?


Arb.