Aviva (TR v. HYP)

[IanTHughes]

I am not suggesting that HYP is the best investment strategy for all circumstances.

To go back to the original question, the reason that some investors didn't see Aviva as part of their income strategy was its patchy dividend record and loss of value.

You were the one defending Aviva on the grounds that capital value doesn't matter.

I have never even once said any such thing!

You say it's hindsight, but the "HYP Strategy" in some form or other has been running approaching twenty years and surely it's reasonable to challenge the outcomes of decisions over share selections taken five years ago in order to improve the metrics for future selections.

So, what are those improvements to the selection criteria?

So far, all you have come up with is that Aviva PLC (AV) was a bad investment 5, 10, whatever number of years ago. A verdict based on the now known patchy dividend history and the now known decrease in Capital Value! What do you call that if not hindsight? Do please enlighten me!


Ian

[Alaric]

So, what are those improvements to the selection criteria?

Not buying shares that are "high" yield only because the share price has recently collapsed would be a starting point. Extending the universe to include the likes of Unilever and Diageo would be another. But for those who refuse to measure their wealth by its total market value, there's not much that can be suggested.

The issue about having to sell in a downturn to meet an income requirement is irrelevant to those reinvesting and can be managed by means of a cash reserve for those where it matters.

[IanTHughes]

So, what are those improvements to the selection criteria?

Not buying shares that are "high" yield only because the share price has recently collapsed would be a starting point.

So, prove it!

Extending the universe to include the likes of Unilever and Diageo would be another.

So, prove it!

But for those who refuse to measure their wealth by its total market value, there's not much that can be suggested.

HYP, as even you must now understand, is an Income Strategy. If you want to measure your strategy, whatever that is, based on total value then, you will have to measure it against another "total value" strategy, not HYP!

The issue about having to sell in a downturn to meet an income requirement is irrelevant to those reinvesting and can be managed by means of a cash reserve for those where it matters.

So, prove it!

You seem so confident as to your suggested improvements, so just show us what evidence you assessed to come up with them. I am of course assuming that your improvements are not simply the result of unsubstantiated guesswork, but based on some sort of research. Are they?


Ian