Re: Labels. The potential for creating disagreement
Posted: January 1st, 2019, 9:50 am
What is the minimum capitalisation a HYPP pick should be? What's the FTSE average FY% and hence the hurdle rate% for a HYP pick - DAK?
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DiamondEcho wrote:What is the minimum capitalisation a HYPP pick should be? What's the FTSE average FY% and hence the hurdle rate% for a HYP pick - DAK?
DiamondEcho wrote:
No one can post what a 'model HYP' would be for a beginner right now, as no one can define what it is.
And then some wonder why there is disagreement...
TUK020 wrote:
In Dec 2015, Big G did a worked example of running a screen on the FTSE100, taking each sector, looking at the candidates, and working through the reasoning behind which one he would select for the portfolio.
It was probably the single most useful post that I read on TMF.
I keep on hoping that Gengulphus will repeat this some day, but recognise that it must have involved considerable work.
Itsallaguess wrote:TUK020 wrote:
In Dec 2015, Big G did a worked example of running a screen on the FTSE100, taking each sector, looking at the candidates, and working through the reasoning behind which one he would select for the portfolio.
It was probably the single most useful post that I read on TMF.
I keep on hoping that Gengulphus will repeat this some day, but recognise that it must have involved considerable work.
That's a great reminder, and I've managed to find a couple of threads discussing these screens, as well as a good whole-selection-process that JohnnyCyclops himself did back on TMF, which I've also got a link to via the WayBackMachine.
I now think it would be a shame to only post these types of links on this Biscuit-Bar thread, so I'm going to post over on HYP Practical, with the links that I've managed to collate, and I'll come back and provide a link on this thread to that HYP Practical one, to help keep things linked.
DiamondEcho wrote:There aren't any guidelines, no 'set of 4-5 core rules, or tenets'. There's nothing by which a reader could sift their own HYP top-20/30 from the FTSE-350. No one posts such periodic sift-lists, like they used to do in years gone by, when we'd bicker whether say numbers 19-21 relatively merited being in or out for the time being.
No one can post what a 'model HYP' would be for a beginner right now, as no one can define what it is. And then some wonder why there is disagreement...
DiamondEcho wrote:What is the minimum capitalisation a HYPP pick should be? What's the FTSE average FY% and hence the hurdle rate% for a HYP pick - DAK?
Itsallaguess wrote:
And here it is - https://www.lemonfool.co.uk/viewtopic.php?f=15&t=15470
I'm hoping TUK020, that one of the links on the above thread is the FTSE100 screen that you're thinking of, if you could perhaps take a look and confirm?
Cheers,
Itsallaguess
melonfool wrote:DiamondEcho wrote:What is the minimum capitalisation a HYPP pick should be? What's the FTSE average FY% and hence the hurdle rate% for a HYP pick - DAK?
I don't think it's appropriate for the board owners to dictate that sort of thing as it starts to look like investment advice which they are not qualified nor insured to give. Mel
DiamondEcho wrote:there is no published strategy, and hence the board is a rudderless mish-mash of pretty much any stocks that individual posters own and feel qualifies, whether they do or not. ... I wonder how the Mods deem a stock discussed here as off-topic? Such Modding used to be a periodic event, but not recently.
Selection criteria may include the yield, the dividend record and a history of increases. Debt level and free cash flow should be considered. Personal feelings can affect the choice, including ethical considerations. Additional criteria may be used by individuals.
DiamondEcho wrote:@TJH, I tried doing that in 2017. Dredged up the original 'ethos' and tried to wiki updated metrics here. IIRC the whole thing descended into infighting over what a HYP actually is. People have created their own ethos's [!?] and get very defensive that they are on the one true path. Perhaps we start with Benjamin Graham again? ...
ps. TJH, I remember you as being one of the old-school HYPers, you certainly seemed to know the metrics, as IIRC you set the metrics for use of the the HYPTUSS etc.
DiamondEcho wrote:HYP IS a strategy, one must be able to define what it is, and hence what investments currently qualify. Hint: it's broadly lifted from Benjamin Graham's theory of Dividend Investing, just made even simpler by setting hurdle rates for capitalisation/FY%/etc. It was meant to be simple, Doris wasn't expected to become Einstein to build her pension
DiamondEcho wrote:melonfool wrote:DiamondEcho wrote:What is the minimum capitalisation a HYPP pick should be? What's the FTSE average FY% and hence the hurdle rate% for a HYP pick - DAK?
I don't think it's appropriate for the board owners to dictate that sort of thing as it starts to look like investment advice which they are not qualified nor insured to give. Mel
'Dictated'? No one is forced to follow the principles of Benjamin Gramham's Dividend Investing strategy, ie a modern day iteration of this board, any more than someone finding a bible or koran in the bed-side cabinet drawer of their hotel room. I do wonder how a Mod moderates a board when the place has no parameters [HYP, not here]. Do any stock boards have parameters?
Last time I questioned this it played out the same way 'We all follow a very clear strategy - but seeking to define it is invalid/off-topic/taboo'.
DiamondEcho wrote:Thanks TJH, nice to be reminded of that, after a very long time. I shall take that away and consider.
I fear you will now have either invoked a silence, or a pogrom
DiamondEcho wrote:Last time I questioned this it played out the same way 'We all follow a very clear strategy - but seeking to define it is invalid/off-topic/taboo'.
On another matter, do you ever read your private messages? Chrisabsolutezero wrote:csearle wrote:I think there is probably an even more significant number of people who don't have problems with the moderation
I see you are a mod.
To misquote Mandy Rice-Davies: 'He would say that, wouldn't he?'
csearle wrote:On another matter, do you ever read your private messages? Chrisabsolutezero wrote:csearle wrote:I think there is probably an even more significant number of people who don't have problems with the moderation
I see you are a mod.
To misquote Mandy Rice-Davies: 'He would say that, wouldn't he?'