Remove ads

Introducing the LemonFools Personal Finance Calculators

Spoilt for choice

Practical discussions about equity High-Yield Portfolios (HYP) for income
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
csearle
Lemon Quarter
Posts: 1495
Joined: November 4th, 2016, 2:24 pm
Has thanked: 883 times
Been thanked: 306 times

Re: Spoilt for choice

#193011

Postby csearle » January 12th, 2019, 2:04 pm

mike wrote:I was understanding the + to mean all the previous levels plus that level. So thinking that SL5 included all previous levels, so I was trying to point out that I did not include SL3 & 4, but did use SL5 !
Ah, I see. Ta. :) C.

Arborbridge
Lemon Quarter
Posts: 2455
Joined: November 4th, 2016, 9:33 am
Has thanked: 385 times
Been thanked: 667 times

Re: Spoilt for choice

#193019

Postby Arborbridge » January 12th, 2019, 2:57 pm

Arborbridge wrote:I'm an SL4


But what's the dwell time allowed? e.g. I'm SL4+ but not just yet in the case of Pearson 8-)

Arb.

OLTB
Lemon Slice
Posts: 817
Joined: November 4th, 2016, 9:55 am
Has thanked: 663 times
Been thanked: 253 times

Re: Spoilt for choice

#193021

Postby OLTB » January 12th, 2019, 3:08 pm

SL2 so far...only had SKY to deal with and I just Dorised putting the proceeds into two new holdings (ITV and WPP).

Cheers, OLTB

Arborbridge
Lemon Quarter
Posts: 2455
Joined: November 4th, 2016, 9:33 am
Has thanked: 385 times
Been thanked: 667 times

Re: Spoilt for choice

#193073

Postby Arborbridge » January 12th, 2019, 5:52 pm

As regards the original point of this post - I haven't yet topped up any HYP shares, and it's entirely possible that I won't this month. SLA is the front runner at the moment.

I did, however, top up a couple of income ITs last week.

Arb.

Dod101
Lemon Quarter
Posts: 2304
Joined: October 10th, 2017, 11:33 am
Has thanked: 417 times
Been thanked: 816 times

Re: Spoilt for choice

#193078

Postby Dod101 » January 12th, 2019, 6:35 pm

So not many HYP purists here then.

Dod

Arborbridge
Lemon Quarter
Posts: 2455
Joined: November 4th, 2016, 9:33 am
Has thanked: 385 times
Been thanked: 667 times

Re: Spoilt for choice

#193080

Postby Arborbridge » January 12th, 2019, 6:41 pm

Dod101 wrote:So not many HYP purists here then.

Dod


They don't bother to write! Too much energy required 8-)

BBLSP1
Lemon Pip
Posts: 85
Joined: November 5th, 2016, 8:06 am
Has thanked: 47 times
Been thanked: 42 times

Re: Spoilt for choice

#193139

Postby BBLSP1 » January 13th, 2019, 6:37 am

Been HYP'ing for 8 years. SL2 - Maybe why I don't post much on here.

Had my share of disasters - Carillion in particular. Held on to and still holding Tesco, Interserve, Standard Chartered, despite their big drops.

But the overall income keeps rolling in.

Back to sleep now.

TUK020
Lemon Slice
Posts: 534
Joined: November 5th, 2016, 7:41 am
Has thanked: 96 times
Been thanked: 235 times

Re: Spoilt for choice

#193150

Postby TUK020 » January 13th, 2019, 8:06 am

SL4.
Been influenced by TJH's approach to rebalancing, and so did a lot of portfolio sorting out last year

pendas
2 Lemon pips
Posts: 154
Joined: November 4th, 2016, 9:46 am
Has thanked: 24 times
Been thanked: 29 times

Re: Spoilt for choice

#193228

Postby pendas » January 13th, 2019, 2:12 pm

I consider I'm long term buy and hold but the list of shares no longer held for whatever reason seems quite large after 13 years or so of HYP investing.

Amec
Alliance & Leic
Amlin
Anglo American
Balfour Beatty
Banco Santander
Carillion
Compass Group
Dairy Crest
Dixons
Gallaher
International Personal Finance
M&S
Pearsons
Persimmon
Phoenix
Rentokil
Rexham
Sainsburys
Scottish & Newcastle
South 32
Tomkins

tjh290633
Lemon Quarter
Posts: 2645
Joined: November 4th, 2016, 11:20 am
Has thanked: 175 times
Been thanked: 828 times

Re: Spoilt for choice

#193264

Postby tjh290633 » January 13th, 2019, 5:23 pm

Hereb are the ones I have got rid of, over the last 32 years:


You will note that some of the holding periods have been very short.

US Industries and Millennium Chemicals, spun out of Hanson are missing, as I never actually held them.

TJH

Arborbridge
Lemon Quarter
Posts: 2455
Joined: November 4th, 2016, 9:33 am
Has thanked: 385 times
Been thanked: 667 times

Re: Spoilt for choice

#193342

Postby Arborbridge » January 14th, 2019, 7:38 am

pendas wrote:I consider I'm long term buy and hold but the list of shares no longer held for whatever reason seems quite large after 13 years or so of HYP investing.

Amec
Alliance & Leic
Amlin
Anglo American
Balfour Beatty
Banco Santander
Carillion
Compass Group
Dairy Crest
Dixons
Gallaher
International Personal Finance
M&S
Pearsons
Persimmon
Phoenix
Rentokil
Rexham
Sainsburys
Scottish & Newcastle
South 32
Tomkins


I notice a large number of those are shares which have evolved through corporate changes, some seem to be shares you've lost faith with and decided to ditch, only very few being outright failures. I don't know them all by any means but some seem moderately fit shares, so I don't know why they were sold, but like most of my sales, it probably seemed the right thing at the time.

For around half my voluntary sales, after five years it seems changing to another company was not an outright advantage.

Arb.

Dod101
Lemon Quarter
Posts: 2304
Joined: October 10th, 2017, 11:33 am
Has thanked: 417 times
Been thanked: 816 times

Re: Spoilt for choice

#193348

Postby Dod101 » January 14th, 2019, 8:11 am

AS Arb says a number of shares on these 'got rid of' lists are as a result of corporate action and this I think renders the lists pretty meaningless when these are included, if the lists are intended to show that the poster is or is not a Doris.

For instance Amlin was an excellent share but was bought by the Japanese; Carillion went bust. A world of difference, but both 'got rid ofs'. OTOH Phoenix holdings is still hale and hearty as are several others.

Dod

daveh
Lemon Slice
Posts: 343
Joined: November 4th, 2016, 11:06 am
Has thanked: 22 times
Been thanked: 99 times

Re: Spoilt for choice

#193351

Postby daveh » January 14th, 2019, 8:35 am

I'm generally an SL2, but I have recently top sliced one holding when it was producing too high a % of income and was sitting at well above 2x median holding value. However I did nothing with SSE when it made up 20% of the portfolio income, but at the time I was adding significant new money to the portfolio so expected it to rebalance without me needing to take action (it made up 19.77% of income in 09 and has steadily dropped down to 6.5% in 2018). It got to be so high as it was the first share I bought after I significantly increased my holding size, plus at the time I had my account set to automatically reinvest dividends which compounded matters :D .

I've held onto shares that have cut their dividend, which has been very good for some (eg PSN) neutralish for others (eg Lloyds) and very bad for others (eg CLLN).

I've also sold stuff during corporate actions (eg Verizon shares from Vodafone), but haven't gone as far as TJH and sold prior to the corporate action (eg I retained my Prudential holding).

PinkDalek
Lemon Quarter
Posts: 3223
Joined: November 4th, 2016, 1:12 pm
Has thanked: 718 times
Been thanked: 764 times

Re: Spoilt for choice

#193471

Postby PinkDalek » January 14th, 2019, 3:31 pm

Dod101 wrote:AS Arb says a number of shares on these 'got rid of' lists are as a result of corporate action and this I think renders the lists pretty meaningless when these are included, if the lists are intended to show that the poster is or is not a Doris. ...


TJH provides further background in his later post here:

viewtopic.php?p=193370#p193370


Return to “High Yield Portfolios (HYP) - Practical”

Who is online

Users browsing this forum: ErroneousBee, MDW1954, monabri and 8 guests