She has very little interest in investments and wouldn't be able to cope with both what ever happend to me, and also an investment portfolio which at the moment requires more work than I would like.
I've therefore been consolidating some accounts so that I can reduce the number of ISA's for example and restructuring the portfolio.
I have a HYP but with an increasing Investment Trust aspect which will only become larger going forwards - I'm happy to sacrifice higher yields (but more risk), for a slighly lower yield and hopefully much less risk and significantly better diversification.
And yes, I'm aware of the overlap between some of the IT's and the HYP shares.
My Portfolio Split:
The "Pension Funds" are a company (defined contribution) pension and once I retire will be all allocated to the IT portfolio.
So, with all of this in mind, and also with my concerns about Astraszenica's cash flow, I sold the remainder of my holding this morning - I sold the majority of AZN a few months ago.
To help build my IT portfolio, I've been selling out of shares that were doing badly, e.g. Carillion and also started to sell some lower yielders (not all of them).
My HYP portfolio:
Value Div Fcst
Share Epic Sector %Total %Total Yield
BAE Systems BA Aerospace & Defence 5.1% 4.1% 5.0%
BHP Group BHP Mining 7.6% 9.9% 8.1%
BP BP Oil & Gas Producers 6.0% 5.6% 5.8%
British American Tobacco BATS Tobacco 5.5% 6.2% 7.1%
British Land Company BLND Retail REITs 4.7% 4.5% 6.0%
G4S GFS Support Services 4.1% 3.1% 4.8%
GlaxoSmithKline GSK Pharmaceuticals & Biotechnology 5.6% 4.7% 5.2%
Greene King GNK Travel & Leisure 4.3% 3.5% 5.1%
HSBC Holdings HSBA Banks 5.2% 5.1% 6.1%
Imperial Brands IMB Tobacco 4.7% 7.6% 10.0%
Legal and General Group LGEN Life Insurance 6.8% 7.2% 6.6%
Lloyds Banking Group LLOY Banks 4.6% 4.4% 6.0%
National Grid NG Multiutilities 5.5% 5.2% 6.0%
Pennon Group PNN Gas, Water & Multiutilities 3.1% 2.9% 5.9%
Rio Tinto RIO Mining 7.8% 7.3% 5.8%
Royal Dutch Shell 'B' RDSB Oil & Gas Producers 6.0% 5.5% 5.7%
Standard Life Aberdeen plc SLA Life Insurance 4.0% 5.2% 8.1%
Unilever ULVR Food Producers 6.3% 3.0% 3.0%
Vodafone Group VOD Mobile Telecommunications 3.3% 5.2% 10.0%
Portfolio Running Yield = 6.25%
Value Div
Sector %Total %Total
Aerospace & Defence 5.1% 4.1%
Mining 15.4% 17.1%
Oil & Gas Producers 12.0% 11.0%
Tobacco 10.2% 13.8%
Retail REITs 4.7% 4.5%
Support Services 4.1% 3.1%
Pharmaceuticals & Biotechnology 5.6% 4.7%
Travel & Leisure 4.3% 3.5%
Banks 9.8% 9.5%
Life Insurance 10.8% 12.3%
Multiutilities 5.5% 5.2%
Gas, Water & Multiutilities 3.1% 2.9%
Food Producers 6.3% 3.0%
Mobile Telecommunications 3.3% 5.2%
Total 100.0% 100.0%
My IT Portfolio (which includes some growth IT's for the long term):
Value Div Fcst
Share Epic Sector %Total %Total Yield
BlackRock North America Trust BRNA Equity Investment Instruments 5.1% 5.2% 4.5%
City of London Inv Trust CTY Equity Investment Instruments 28.3% 27.8% 4.3%
Henderson Far East Income Ltd. HFEL Equity Investment Instruments 17.4% 24.6% 6.2%
Merchants Trust MRCH Equity Investment Instruments 18.4% 22.6% 5.4%
Murray International Trust MYI Equity Investment Instruments 17.3% 17.8% 4.5%
Smithson Investment Trust SSON Equity Investment Instruments 7.0% 0.0% 0.0%
Finsbury Growth and Income Tru FGT Equity Investment Instruments 4.1% 1.6% 1.7%
Scottish Mortgage Inv Trust SMT Equity Investment Instruments 2.4% 0.3% 0.6%
Portfolio Running Yield = 4.38%
Value Div
Sector %Total %Total
Equity Investment Instruments 100.0% 100.0%
Total 100.0% 100.0%
Income
The portfolio and it's Income have grown well over the last few years and covers almost all of my expendature, still got a few more years to work before I can retire so able to put additional funds in for now, to build the portfolio and a good safety margin.
I don't unitise, I'm only interested in whether the income is sufficient and covers our needs.
This image shows how financially independent we are (as of today), in terms of dividends received (excluding specials) and how many months of expenses that covers - from that I calculate a "Financial Independence Day" which currently shows that my dividends cover all expenses up to and including the 19th June (5.57 months), which is 27 days extra compared to 2018.
My investment goals are a growing income, with capital growth being a nice to have and significant capital loses being avoided (where possible).
Comments are welcome,
regards,
Darka