Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Share performance this year

A helpful place to also put any annual reports etc, of your own portfolios
tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Share performance this year

#437145

Postby tjh290633 » August 24th, 2021, 6:00 pm

I keep a record of the change in share price since 1st January every year for each of my holdings. I have just updated the table:

Epic     Change    Yield 
IMI 51.67% 1.30%
SGRO 34.44% 1.75%
KGF 31.47% 2.29%
AV. 28.97% 5.10%
BT.A 27.18% 4.58%
ADM 26.91% 6.70%
MKS 25.24% 0.00%
DGE 22.55% 2.05%
LLOY 20.09% 2.82%
UU. 19.78% 4.03%
SMDS 17.86% 2.74%
BP. 17.29% 5.16%
BA. 16.94% 4.23%
AZN 16.47% 2.34%
BHP 16.16% 9.85%
PSON 14.37% 2.56%
RDSB 13.21% 3.82%
MARS 12.70% 0.00%
NG. 11.40% 5.08%
GSK 10.57% 5.32%
SSE 10.07% 4.93%
CPG 9.83% 0.00%
S32 9.15% 3.33%
TSCO 8.49% 3.64%
PHP 8.38% 3.73%
TW. 7.81% 4.77%
IGG 7.25% 4.64%
BLND 6.42% 2.89%
TATE 5.66% 4.31%
VOD 1.21% 6.39%
LGEN 0.90% 6.71%
IMB -0.72% 8.86%
BATS -0.74% 7.97%
RIO -1.10% 13.19%
ULVR -7.05% 3.62%
RKT -15.03% 3.13%
Av.Chg 13.49% 4.27%

The leaders and laggards are always of interest. The change in the FTSE100 is currently +10.30% over the same period. My average increase is over 3% higher, which is comforting. I have 3 shares currently not paying dividends (CPG, MARS and MKS), and BT.A promising to resume in February, which I have taken into account.

A higher yield is no guarantee of a higher price. Promise of jam tomorrow obviously is.

TJH

1nvest
Lemon Quarter
Posts: 4323
Joined: May 31st, 2019, 7:55 pm
Has thanked: 680 times
Been thanked: 1316 times

Re: Share performance this year

#437218

Postby 1nvest » August 24th, 2021, 11:04 pm

FT100 can have 10% in a single stock, and sometimes has multiple stocks in the same sector relatively heavily weighted. Poor index characteristics and methodology and its performance reveals it to be as such.

Given your HYP is more equal weighted, less concentrated, the closer/better total return benchmark IMO is the FT250

FT250 Year To Date +16.3% excluding dividends (lower yield (around 2%) so higher expected price appreciation). +11% since April 2021


tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: Share performance this year

#437250

Postby tjh290633 » August 25th, 2021, 9:12 am

1nvest wrote:Given your HYP is more equal weighted, less concentrated, the closer/better total return benchmark IMO is the FT250
The Ftse250 may be a closer match, but I only have a few from that group, plus one Small Cap - MARS.

It's the nominally equal weighting that produces the results.

TJH

1nvest
Lemon Quarter
Posts: 4323
Joined: May 31st, 2019, 7:55 pm
Has thanked: 680 times
Been thanked: 1316 times

Re: Share performance this year

#437282

Postby 1nvest » August 25th, 2021, 11:51 am

tjh290633 wrote:
1nvest wrote:Given your HYP is more equal weighted, less concentrated, the closer/better total return benchmark IMO is the FT250
The Ftse250 may be a closer match, but I only have a few from that group, plus one Small Cap - MARS.

It's the nominally equal weighting that produces the results.

Or rather its the equal weighting that reduces the potential cost of concentration risk. Concentration risk can sometimes reward, S&P500 of more recent as tech stocks have been relatively highly weighted as a sector and soared. But at other times costs, heavy into tech stocks across the dot com bubble bursting, financials across the 2008/9 financial crisis, Japan 1990's when relatively few grew to be massive and dominated the index such that even when those stocks faltered and halved/more they still remained dominant, dragging the whole index down and stay down type situation ...etc.

The FT250 feeds in and out of both the bottom/top, no one stock can become too dominant of the index. Those that soar are ejected out of the top, into the FT100, where later they might falter and drop back into the FT250 (or totally fail). Those in the FT250 that falter fall out of the bottom, maybe much of a single sector, replaced with fresher more upstarts that have better capacity (or less debts/negative-equity) to grow. Common in many ways to how you manage your TJH HYP but where dividend yield is used as the measure rather than capitalisation value.

I find it interesting to see how two portfolios (TJH HYP and FTSE 250) have tended to compare over time. Suggestive its less a case of the actual stocks being held and rather the style (index methodology).

Last time I counted some time back the FTSE 250 comprised around 50 Investment Trusts holdings, so around 20% of its makeup/weighting.

Noteworthy is that for US stocks for where figures are more readily available I've noted $40T stock market cap versus $10Tn Corporate Bond market cap. Stocks borrow (short bonds) in around 80/20 stock/bond proportions. Investors who buy those corporate bonds as well as stocks in around 80/20 proportions in effect negate the leverage (borrowing to invest) are in effect both borrowing and lending from/to themselves. Whilst that seems unproductive leveraging just broadly scales volatility, not rewards. Leveraged holdings will tend to zigzag around the non-leveraged. So still broadly the same reward, but with less volatility, not actually a unproductive use of capital.

Corporate bonds yield more, but have higher default risk, broadly washes, so what Buffett does is shift the corporate bond risk over to the stock side, holds 90/10 stock/T-Bills instead of 80/20 stock/corporate bonds.

10% in 'cash' caters for unexpected spending when stocks may be down.

Image

For much of time 100/0 will pull ahead (Bull periods, that are more common), periodically after pull-backs that can see 100/0 realign with 90/10, even after decades had passed. At which times you could opt to dump the cash into the market and thereafter continue to compare to 100/0, as though you'd been 100/0 throughout, but having had the added benefit of 'emergency reserves' (10% cash) that you could 'borrow' at any time (or perhaps totally spend and replace from selling some shares at a time when it looked reasonable to do so (relative high)).

I find your portfolio management and record keeping most admirable Terry, I'd be hard pressed to achieve similar myself, let alone other family members stepping up to that task if/when so needed. A simpler alternative is more preferable for me/heirs and the FTSE 250 seems to fit that bill. I've been tracking the comparisons for years now and as each year passes continue to remain comfortable of the comparisons/alignment, even if in the more broader sense (deviations in years can be evident as the above chart indicates).

Thanks.

pje16
Lemon Half
Posts: 6050
Joined: May 30th, 2021, 6:01 pm
Has thanked: 1843 times
Been thanked: 2066 times

Re: Share performance this year

#437283

Postby pje16 » August 25th, 2021, 12:00 pm

@tjh290633
If you don't mind how do keep that record?
thanks
Paul

tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: Share performance this year

#437353

Postby tjh290633 » August 25th, 2021, 4:18 pm

pje16 wrote:@tjh290633
If you don't mind how do keep that record?
thanks
Paul

I have a spreadsheet in which I enter the prices of my portfolio each day. I have a second sheet where the prices from the end of the previous year are held, and the new prices are linked to to it. Hence I have a continual record of the change of each security from the start of the year. I copy the contents of that sheet as values into adjacent columns, then sort them by the change in price. Here are the rows with the indices which I record:

T J Harper Investment Appraisal          Price                                                                                                                                                                                  
Shares 31-Dec-20 25-Aug-21 Change
FT30 2,522.4 2,753.8 9.17%
FT350HY 2,893.1 3,217.2 11.20%
FTSE100 6,460.5 7,125.78 10.30%

This continues down through the portfolio in alphabetical order of EPICs. The current prices and change are copied to a distant column, yields are copied from another spreadsheet, then those three columns are copied yet again, then copied as values and then sorted. That gives me the columns which I reproduced above.

Hope thhat is a simple explanation.

TJH

pje16
Lemon Half
Posts: 6050
Joined: May 30th, 2021, 6:01 pm
Has thanked: 1843 times
Been thanked: 2066 times

Re: Share performance this year

#437369

Postby pje16 » August 25th, 2021, 5:23 pm

Hi TJH
yes it is
thanks very much for that
I have my portfolio on a Google finance spreadsheet and that automticall updates the prices daily
so I can get that to do a lot of the grunt work
I haven't look but i imagine that would do the yield
I had never thought of comparing each stock from the start of the year
Thanks for the idea and your response
cheers
Paul

1nvest
Lemon Quarter
Posts: 4323
Joined: May 31st, 2019, 7:55 pm
Has thanked: 680 times
Been thanked: 1316 times

Re: Share performance this year

#437373

Postby 1nvest » August 25th, 2021, 5:50 pm

In years past, a investor I knew through the net, used a method whereby he held around 30 investments that he equal capital weighted, say £10K/each, and each year end he'd sell down any that had risen, to add to the laggards looking to reset them to around £10K/each value. In some cases the number decreased, sold some to fill-up the others, in other cases he added stocks. IIRC he only rebalanced those that had drifted by 10% or more.

He did well out of that, and for over a decade his reported gains comfortably outpaced the S&P500 total returns (of the order 2.5% annualised more). But no stamp duties to pay and lower trading costs in the US.

As I recall he saw similar large gains in some, losses in others and often reversals in adjacent years. A number of years ago his father then his brother died in quick succession and family circumstances changed to where we lost contact (his web pages and email black holed). In Terry's postings elsewhere that yo-yoing can be somewhat seen between years. Two stocks that individually compound to 0% by transitioning through -20% and +25% yearly changes in counter direction to each other, 50/50 weighted yields +2.5% compounded rewards.

tjh290633
Lemon Half
Posts: 8209
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: Share performance this year

#437452

Postby tjh290633 » August 25th, 2021, 11:32 pm

1nvest wrote:In Terry's postings elsewhere that yo-yoing can be somewhat seen between years.

A recent example can be seen at viewtopic.php?p=372871#p372871

TJH

moorfield
Lemon Quarter
Posts: 3523
Joined: November 7th, 2016, 1:56 pm
Has thanked: 1546 times
Been thanked: 1402 times

Re: Share performance this year

#437553

Postby moorfield » August 26th, 2021, 11:40 am

1nvest wrote:In years past, a investor I knew through the net, used a method whereby he held around 30 investments that he equal capital weighted, say £10K/each, and each year end he'd sell down any that had risen, to add to the laggards looking to reset them to around £10K/each value. In some cases the number decreased, sold some to fill-up the others, in other cases he added stocks. IIRC he only rebalanced those that had drifted by 10% or more.



That sounds almost like a Dogs of the FTSE (or DOW) strategy .

Arborbridge
The full Lemon
Posts: 10371
Joined: November 4th, 2016, 9:33 am
Has thanked: 3601 times
Been thanked: 5229 times

Re: Share performance this year

#437557

Postby Arborbridge » August 26th, 2021, 11:51 am

moorfield wrote:
1nvest wrote:In years past, a investor I knew through the net, used a method whereby he held around 30 investments that he equal capital weighted, say £10K/each, and each year end he'd sell down any that had risen, to add to the laggards looking to reset them to around £10K/each value. In some cases the number decreased, sold some to fill-up the others, in other cases he added stocks. IIRC he only rebalanced those that had drifted by 10% or more.



That sounds almost like a Dogs of the FTSE (or DOW) strategy .


It's the sort of scheme that, whenever I tried it for real, always stopped working :lol:

ReformedCharacter
Lemon Quarter
Posts: 3120
Joined: November 4th, 2016, 11:12 am
Has thanked: 3591 times
Been thanked: 1509 times

Re: Share performance this year

#437570

Postby ReformedCharacter » August 26th, 2021, 12:46 pm

pje16 wrote:I have my portfolio on a Google finance spreadsheet and that automticall updates the prices daily
so I can get that to do a lot of the grunt work
I haven't look but i imagine that would do the yield
Paul

I don't think it's possible to get the yield. Distributions for some 'mutual funds' seem to work but I haven't found a way to get the yield for individual shares or ITs.

RC

pje16
Lemon Half
Posts: 6050
Joined: May 30th, 2021, 6:01 pm
Has thanked: 1843 times
Been thanked: 2066 times

Re: Share performance this year

#437574

Postby pje16 » August 26th, 2021, 12:55 pm

Thanks RC
I think you're right - I got it to work for a mutual but nothing else
cheers
Paul

1nvest
Lemon Quarter
Posts: 4323
Joined: May 31st, 2019, 7:55 pm
Has thanked: 680 times
Been thanked: 1316 times

Re: Share performance this year

#437581

Postby 1nvest » August 26th, 2021, 1:20 pm

moorfield wrote:
1nvest wrote:In years past, a investor I knew through the net, used a method whereby he held around 30 investments that he equal capital weighted, say £10K/each, and each year end he'd sell down any that had risen, to add to the laggards looking to reset them to around £10K/each value. In some cases the number decreased, sold some to fill-up the others, in other cases he added stocks. IIRC he only rebalanced those that had drifted by 10% or more.

That sounds almost like a Dogs of the FTSE (or DOW) strategy .

I think it was a Constant Value type naming (price/value based). Dogs of the Dow was/is distinctly different in picking the top 10 high yielders (dividend yield based). With CV there's no regard to dividends, any stocks/funds that the investor might opt to hold as part of the set and looking to add to those that are down, reduce those that are up (trade the yearly price volatility deviations).

torata
Lemon Slice
Posts: 521
Joined: November 5th, 2016, 1:25 am
Has thanked: 203 times
Been thanked: 210 times

Re: Share performance this year

#437722

Postby torata » August 27th, 2021, 12:43 am

ReformedCharacter wrote:
pje16 wrote:I have my portfolio on a Google finance spreadsheet and that automticall updates the prices daily
so I can get that to do a lot of the grunt work
I haven't look but i imagine that would do the yield
Paul

I don't think it's possible to get the yield. Distributions for some 'mutual funds' seem to work but I haven't found a way to get the yield for individual shares or ITs.

RC


OT, but quickly: you can use IMPORTHTML function with a website like HL or Morningstar to scrape the yield into a google spreadsheet.

torata

Arborbridge
The full Lemon
Posts: 10371
Joined: November 4th, 2016, 9:33 am
Has thanked: 3601 times
Been thanked: 5229 times

Re: Share performance this year

#437729

Postby Arborbridge » August 27th, 2021, 7:13 am

ReformedCharacter wrote:
pje16 wrote:I have my portfolio on a Google finance spreadsheet and that automticall updates the prices daily
so I can get that to do a lot of the grunt work
I haven't look but i imagine that would do the yield
Paul

I don't think it's possible to get the yield. Distributions for some 'mutual funds' seem to work but I haven't found a way to get the yield for individual shares or ITs.

RC


You could run HYPTUSS which has the yields for ITs and shares. It's easy enough to save a copy givine the status at any date - say, year end - and extract what you need for comparison with later months as TJH does.
HYPTUSS will do the work for you.
Arb.


Return to “Portfolio Management & Review”

Who is online

Users browsing this forum: No registered users and 13 guests