What are you buying today?

[idpickering]

Is HYP not a no-selling strategy?

GS

You are of course correct GS, thank you. I must admit to just having given myself a metaphoric slap as that was just what I was reminding myself of. No, it's " hands off" for me, and let sleeping dogs lay. Besides, if I did do as I'd toyed with, I'd be doing the classic, 'sell low, and buy high' so I'll shelve that idea. I might add PHP in the future though.

Ian.

[funduffer]

Is HYP not a no-selling strategy?

GS

Correct!

The title of the thread is 'What are you buying today, not 'What are you selling today'!

[88V8]

Since I last posted on the 25th...

Today, LGEN Legal & General, also LLPD, CTY, SAN, STAC

Previously RIO Rio Tinto, CTY, PF21, MUT x 2
and SMDS Smith DS, PF21, AV.A.

So, three HYPers and a few not.

V8

[Alaric]

Carnival (cruise liners) were mentioned several pages ago.

According to the Mail, they need a rights issue.

https://www.dailymail.co.uk/money/marke ... -call.html

[richfool]

I reduced my holding of LGEN yesterday, after seeing reference to insurers coming under pressure about their dividends, and after what happened to the banks. I put the proceeds in MYI.

[Wizard]

I have taken a view that HSBC will maintain the dividend suspension only as long as the BoE requires them to. I have therefore just added a 'unit' of HSBC at 411.5p per share.

[AndyPandy]

OK,

I don't post much as can't add much to the party and I'm not a HYPer, but in the spirit of 'buy when others are selling', I've just made the following trades

1. Topped up LLOY (again... ). I'm of a similar view to Wizard's view of HSBC. Banks are being told to drop the Divi, rather than sacrificing it because of internal issues. I was hoping for a bigger drop. That may still happen, but I'm comfortable with the purchase.

2. Bought into SMDS for the first time.

TU at the beginning of the month was broadly positive:

"The Group has delivered a robust performance during the period within a challenging macro-economic environment. Whilst we continue to monitor events and work closely with all our suppliers and customers, we have not to date seen any material impact to our business from coronavirus.

Despite continued uncertainty in the macro-economic environment, our focus on pricing discipline, enhanced cost and efficiency improvements, and cash generation, support our expectation of further good progress in the year. "

and their CV-19 update is also positive with some CV-19 inspired initiatives creating new business:

https://www.dssmith.com/media/covid-19

Both funded by selling off MARS, CARD and SGC a couple of weeks back, all of whom I believe are getting further exposed as the tide carries on going out (told you I wasn't a HYPer...).

[PinkDalek]

Carnival (cruise liners) were mentioned several pages ago.

According to the Mail, they need a rights issue. ...

Plenty to read here https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB0031215220GBGBXSET1.html?lang=en including:

... underwritten public offering of $1.25 billion of shares of common stock of Carnival Corporation

They are, of course, already on the Cut, Cancelled or Suspended Dividends listing:

viewtopic.php?p=296098#p296098

[PrincessB]

I've always been troubled by the two formats of HYP.

The classic is buy once using a lump sum (possibly over a single day) with as much sector diversification as you could find.
Under this scenario, all sectors would be bought and while some would yield highly, others would be included for diversification even if the yield was a bit low.

Add up a the projected dividends on a brand new complete portfolio and you'll have an average income projection and no real desire to post on boards such as this as you'll only need to do something once in a while.

The second format is to buy over time, either on a regular basis using the cheaper trades or accumulating enough capital for each new buy.

We've seen some complete disasters over the years - Back in the day, some people went dividend mad, always buying the highest possible yield with a view towards diversification later. There was much discussion about why having a portfolio made entirely of banks was an excellent idea. PYAD made a similar mistake and had two banks in one of the demo portfolios on the old Fool site - Nothing wrong with banks in an HYP, but all banks is not HYP and neither is two banks in a portfolio of less than 10.

Annoyingly it all went wrong for my HYP when I finally gave up and bought into Lloyds and Royal Bank of Scotland at which point they collapsed and I lost some money, the poster who had a HYP comprising entirely of banks lost more, PYADs proto portfolio is probably on record somewhere and JimSusan who held only Lloyds stopped posting under that username when they went down the pan.

The reason for my question was to see what others were thinking and some of your thoughts have really given more clarity to my own thoughts.

Since the first post, I've did a spot of trading and made enough for a full buy after top slicing some stuff that would not look out of place in a well diversified HYP at present.

I already have most of the standard HYP. There are sectors I won't do such as tobacco or defence but there's nothing too far out of balance to indicate I am falling down the massive yield rabbit hole.

In the end, I added to RDSB which sounds a bit cheeky given my comments about not chasing the yield, but this only brings it up to average holding size, so I'm not going overboard.

The comments and ideas have been great and I'd like to thank everyone for their contributions.

Regards,

B.

[SoBo65]

Bought in equal quantities today, Sainsbury, Tesco and Morrison, may not strictly be high yield, but good enough for me.....

[AndyPandy]

Bought in equal quantities today, Sainsbury, Tesco and Morrison, may not strictly be high yield, but good enough for me.....

The news is all about how busy the Supermarkets have been with stock flying off shelves, but that was 2-3 weeks ago.

Now revenues are down because:

1. Some items are still not available
2. Some that are, are restricted to 2-3 per shopper
3. Distancing rules means that the actual numbers of shoppers in a store at any time are hugely down and this is likely to be the status quo for a while
4. Staff are being deployed on marshalling duties and cleaning station duties. (Perhaps counterbalanced by fewer needed in the till area I suppose)

I can't help but feel that profitability is taking a massive hit and that there is no end to it (quantity restrictions, I see, are being lifted, but if the items aren't there to buy...)

Not convinced the supermarket story will be that great this year. Their share prices held up relatively well, whereas there are others that have been overly punished, caught up in the generalised sell-off, that might show better returns later this year.

[ax1709cjm]

I bought RDSB today.

[idpickering]

I bought RDSB today.

You’ve done well today then. I topped up my RDSB holdings in both January and February this year, and am at my maximum spend on them. Not sure if i’ll Buy more yet though? I don’t mind going over the top on a share, as the overweighting will be lessened as I top up elsewhere in my HYP, as my monthly top ups of my other HYP holdings are to continue.

Ian.

[brightncheerful]

LSE - for life's ups-and-downs.

[Wizard]

After dithering the other day my nasty psychological flaws set in and would not let me buy it above 2500p. Fortunately it dipped below 2500p for 3 minutes around 3.10pm today and my limit order was filled at 2499.97p. My personal view is that once the dust has settled it may well be yielding more than the FTSE100.

[monabri]

After dithering the other day my nasty psychological flaws set in and would not let me buy it above 2500p. Fortunately it dipped below 2500p for 3 minutes around 3.10pm today and my limit order was filled at 2499.97p. My personal view is that once the dust has settled it may well be yielding more than the FTSE100.

Diageo, I presume.

Pity we can't wind back to March 18th at 2200p. Hopefully though, in a year or two, 2500p will be a relative bargain.

[Wizard]

After dithering the other day my nasty psychological flaws set in and would not let me buy it above 2500p. Fortunately it dipped below 2500p for 3 minutes around 3.10pm today and my limit order was filled at 2499.97p. My personal view is that once the dust has settled it may well be yielding more than the FTSE100.

Diageo, I presume.

Pity we can't wind back to March 18th at 2200p. Hopefully though, in a year or two, 2500p will be a relative bargain.

Yes, what a silly Fool I am

[88V8]

LGEN in ISA and OH's ISA.

Also CTY, MRCH, SKIP, NBSR in OH's ISA which fills it for this year.

V8

[fca2019]

Bought more RDSB and Glaxo on Thursday. Shell for yield blue chip status and think oversold by market in past month. Glaxo as its my favourite stock since the coronavirus crash.

[idpickering]

Bought more RDSB and Glaxo on Thursday. Shell for yield blue chip status and think oversold by market in past month. Glaxo as its my favourite stock since the coronavirus crash.

Having topped up my RDSB holdings twice this year, they’re looking a bit weighty in my HYP. I’m going for more BP. for this month’s pick. GSK are my HYP choice of the two major pharmaceuticals, the other being AZN of course. I’m likely to buy more GSK soon.

Ian.