Wizard wrote:I am not an HYP investor, I follow the guidelines and do not post on HYP-P. I tried HYP and was not happy with the outcome. I have no desire to post on a board about running an HYP.
So to any normal, rational person, there is apparently no problem here
You are not an HYP investor, you do not post on HYP-P and you have no desire to post on HYP-P
And yet for some inexplicable reason you seem to be front and centre in all discussions related to such board, and when you do post on other boards, you certainly make no hiding the fact that you clearly have some sort of bee in your bonnet about not posting on HYP-P.
Wizard wrote: I tried HYP and was not happy with the outcome.
Just for clarification to others...
When you said you tried HYP, my encounter with you on HYP-P was that you were reluctant to buy when the market was low. Others at the time were following the mechanical HYP strategy and still following the HYP 'rules' and topping up as normal, but you expressed that you weren't confident about buying, so didn't top up your HYP while prices were low.
Fair enough - you are absolutely entitled to invest how you wish.
But let's be clear, you weren't following the strict HYP at that point. You weren't getting the pound cost averaging benefit of buying low in a crisis.
Further more, when you then evaluated your portfolio …
viewtopic.php?p=306796#p306796 You only compared it against bonds and preference shares.
Fair enough - if that's how you want to evaluate it, I won't try to change you mind. But others might be interested to understand.
You acknowledge you were buying prefs back all the way in the banking crisis when they were being discussed on TMF, so it would be unreasonable to believe that you don't understand what they are.
But equally, it seems unfathomable that someone would seemingly run an experimental HYP (not withstanding they don't mechanically stick to the top up rules during market stress)..
...and then evaluate it during the worst economic downturn in a very long time, and then only evaluate it againt bonds and prefs.
When you understand what prefs and bonds are - which you clearly do - it's unfathomable why'd you'd run an HYP experiment and then only evaluate it against bonds and prefs, and during the worst downturn in a long time.
You already know up front that bonds and prefs rank higher in the priority order in the event of companies hitting problems.
So during times of market stress it would be completely unexpected for ordinary shares to outperform bonds or prefs.
So I hope you'll excuse me if I take with a large pinch of salt, your claim that you ran a HYP and on the basis of it's performance during the worst downturn in a long time, evaluated only against bonds and prefs - which shouldn't have come as any surprise in the circumstances - you then decided it wasn't for you.
There was absolutely no need to run an experiment to prove what should have been obvious to you from before you even started - that ordinary shares of any kind - not just HYP - will do worse than bonds or prefs in a significant economic downturn
Not that you really followed the HYP properly - you chose to avoid buying HYP shares cheap at times of market downturn. With HYP it's often said the time to buy is now. But you didn't. So you weren't really running an HYP.
Obviously, you can manage your portfolio and money as you choose, and I have no desire to change your mind in any way shape or form.
I just point out the above information to help any others understand the background behind your statement that for you an HYP didn't work out.