Dod101 wrote:I appreciate that you are a dedicated follower of the pyad HYP philosophy and good luck to you in that endeavour.
Well, your appreciation
is entirely wrong! I am no-one's follower.
Dod101 wrote:I realise also that it is a lost cause in trying to change such dedicated followers from their chosen path but it is not one for Doris, despite the original claim. Most investing needs a very careful eye and judgement. I appreciate that we can all get caught out from time to time as obviously happened to you with Vodafone but never mind there is always a next time.
I cannot of course speak for dedicated followers
but all it would take to change my mind about HYP and my investment process, would be properly researched evidence about the HYP Strategy that showed its flaws. No such evidence exists. Your own attempts to show its flaws are based from the outset on changing HYP's investment aims from income generation to capital preservation/increase, which of course renders them totally invalid, from an HYP point of view.
Dod101 wrote:Focussing exclusively on income is folly at the best of times, but all the more so when in the building or non draw down phase. Without capital appreciation we will eventually have nothing.
Nonsense! If one is successful in achieving a portfolio of shares where the overall dividend increases over time, then the capital value, if that is your aim, will most likely also increase, over time. Of course the time periods for Income and Capital appreciation may be significantly different.
Dod101 wrote:The fact that the highest yielding shares have underperformed the FTSE is hardly surprising nor news.
The HYP Strategy does not advocate simply buying the highest yielding shares
on offer, far from it. Perhaps you should read up about it.