The Lemon Fool

Below you can see my current portfolio

This year was the first year of Top ups, as opposed to new cash purchases. I may make some new acquisitions in the future, however overall I am happy with the content. As ever, recommendations or thoughts are appreciated.

For the Top Ups - I added new holdings in Legal and General Group, Aviva, British American Tobacco, Imperial Brands, Petrofac and Phoenix Group. I sold my holding of KCOM when the takeover was approved (for more than the takeover offer?!) and put that money into Sirius Minerals as it had fallen to a low. Even though this doesn't pay a dividend, I am happy to take the risk.

My best performers are AstraZeneca, BHP, BP, Central Asia Metals and BBA Aviation - all of whom haven't been topped up but have more than doubled my initial investment and still hold substantial yields.

I think I am now in the growth phase of the HYP, although I will continue to try and get the full ISA limit in, every year.



Not HYP Shares


Dividends:

Dividends have grown year on year - primarily due to the cash injections. However since I unitised 2 years ago I have seen growth in dividends per unit of just under 20%



HYP Vs FTSE:

I've managed to outperform the FTSE all in by about 6% over the last 3 years



Thoughts and views are welcome

This should be your image:

That's a nice looking HYP minerjoe, thank you for sharing it with us. It seems well spread and balance to me. I dropped ITV and SBRY recently though.

Ian.

PinkDalek wrote:This should be your image:

Thank you! - I dont know why it didnt work for me,

Is that the total return FTSE you are comparing to, or the regular FTSE 100?

Over the last few years, in capital terms, my HYP has massively under-performed the FTSE-100, which is why I'm asking.

Thanks,
StepOne

StepOne wrote:Over the last few years, in capital terms, my HYP has massively under-performed the FTSE-100, which is why I'm asking.

It shouldn't be massive with sensible stock selection, but a HYP portfolio is selecting from the higher yield end of the FTSE-100. If in total return it had exactly matched the FTSE-100, then under-performing on the capital is to be expected because the higher income compensates.

Alaric wrote:

StepOne wrote:Over the last few years, in capital terms, my HYP has massively under-performed the FTSE-100, which is why I'm asking.

It shouldn't be massive with sensible stock selection, but a HYP portfolio is selecting from the higher yield end of the FTSE-100. If in total return it had exactly matched the FTSE-100, then under-performing on the capital is to be expected because the higher income compensates.

It is massive. My year end is end of May, so we are nearly there. For the current year I am down 13% in capital terms only. FTSE-100 down 5%. That's an 8 percent difference. Previous year -6 vs +2 for another 8 percent lag. Year before that I was 3% behind, which is more like what I would expect.

And that's without having any of the Carillion/Interserve type disasters. BATS, Vodafone, National Grid, Standard Life have all helped drag my performance down. It's only really Unilever, British Aerospace and BP that are keeping their heads above water.

StepOne.

StepOne wrote:Is that the total return FTSE you are comparing to, or the regular FTSE 100?

Over the last few years, in capital terms, my HYP has massively under-performed the FTSE-100, which is why I'm asking.

Thanks,
StepOne

It's the FTSE 100 - as that's where most of the companies I own are. As you can see though, my portfolio jumped quite early and has mostly maintained that gap.

I'm guessing that as a HYP builder, minerjoe has taken advantage - to some extent - of buying shares such as Petrofac, Aviva, BATS as low prices - i.e. when the derriere has fallen out of them share price wise ? Seems a more sensible course of action than buying when they are top dollar.

minerjoe wrote:
Thoughts and views are welcome

Minerjoe,
thanks for sharing.
nice looking portfolio.

Worth checking out the short position on some of your shares:
https://shorttracker.co.uk/companies/?sort=2&d=desc
particularly Wood group, Sainsburys (I have bailed out of both) and Petrofac (never held).

If you are looking for suggestions for new additions, you might want to investigate Schroders SDRC

TUK020 wrote:

minerjoe wrote:
Thoughts and views are welcome

Minerjoe,
thanks for sharing.
nice looking portfolio.

Worth checking out the short position on some of your shares:
https://shorttracker.co.uk/companies/?sort=2&d=desc
particularly Wood group, Sainsburys (I have bailed out of both) and Petrofac (never held).

If you are looking for suggestions for new additions, you might want to investigate Schroders SDRC

I've never really bothered with shorts - as an aside both of those shares I am barely down on, having bought them in significant dips.

Petrofac I also bought on a serious dip, so I am actually up on my initial investment before I topped up.

I'd say the FTSE now is a real buying space with some seriously cheap shares around

minerjoe wrote:

PinkDalek wrote:This should be your image:

Thank you! - I dont know why it didnt work for me,

The difference is that PinkDalek's link to the image has the file extension ".png" at the end of it and yours doesn't. At a guess, you probably copied the "Image Link" (at the top of the list imgur makes available, at least as I'm looking at it and used the "Img" button above the post composition box to label it as an image - the one you want is either the "Direct Link" one (just below it) and the "Img" button, or the "BBCode (message boards & forums)" one (at 5th position in that list) to do the whole job at once.

Gengulphus

For those who would like to compare them, here is minerjoe's year 4 report. I haven't found any before that.

Gengulphus