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Harry Trout
Posted: 03 November 2022 11:31:23(UTC)
#140

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Mr Helpful;246240 wrote:
@ Mr H Trout

Yes, Cash one of the better performing Asset Classes since Nov last,
esp if held in USD.

However maybe Mrs T took the bait, on a few of the lower priced Stocks of a couple of weeks back ?

Morning Mr H, thanks for the question.

We are steering Mrs T's HL account towards being a home for our lower volatility 3-5 years bucket. So it is becoming dominated by Wealth Preservers, Bonds (of mixed duration), High Yielding Corporate Bonds, Gold and some stalwart FTSE 100 dividend heroes. Quite a mixed bag!

We are targeting her pot to generate a steady total return of 4-7% per annum and we want to see most of this as income because we want our unearned income level to be high than our day-to-day expenses (ex school fees)

So my focus currently is dripping the following monthly income generators to her pot:

Artemis Monthly Distribution
TwentyFour Select Monthly Income (SMIF)
Invesco Monthly Income Plus
Man GLG High Yield Opportunities

I would though look to top up her FTSE 100 stocks if a bargain presented itself !! Watching Diageo which looks decent here .......

Cheers

Harry
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Guest on 26/11/2022(UTC), Jimmy Page on 03/01/2023(UTC)
Harry Trout
Posted: 26 November 2022 12:19:02(UTC)
#142

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To keep everything in one place I am copying this post over from the thread What have we learned from this forum this year

The two stocks that I am referring to in the post as being "boring stocks" were Lowe's $LOW and United Health $UNH

I posted about them 6 months ago on this thread, saying they looked good according to my process but didn't purchase. They have done well and it has prompted me to review my process and decide once and for all if I am "trading" or "buying and holding" individual stocks.

Change is afoot ........

Harry Trout;249176 wrote:
Following on from smg8's excellent post, which resonated

I appreciate that my portfolio thread divides opinion but I do find it valuable to look back at some older posts and see what I was prepared to put to writing there. I try to be as honest as I can at that moment and note a couple of "boring" stocks that I declared were on my watchlist and that I've watched do well this year but didn't pull the trigger.

It's time to ask the question, why didn't I invest? I realise that I need to decide once and for all if (with regard to individual stocks) I am truly long term buy and hold or do I want to learn to surf the waves?

I'm coming to some conclusions and believe a change in style is coming with regard to individual stocks. Work is ongoing but pending this review I haven't bought or sold any individual stocks for many months.

I guess I'm saying that my thread keeps me honest and in what can be quite a solitary endeavour I'm grateful for the sense of community that the forum provides me.

(Oh, and cash is a position !!)

Have a good weekend all

Harry
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Guest on 26/11/2022(UTC), smg8 on 01/12/2022(UTC)
Harry Trout
Posted: 01 December 2022 16:58:24(UTC)
#143

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Good afternoon everyone, here are my transactions for November

Nov 22 Summary

More of the same in terms of caution from me, cash has changed marginally from 39.6% to 38.7% in November. Some of this change is caused by the portfolio going up in value, rather than any fundamental change in mindset.

My top 2 positions other than cash are now Vanguard trackers after some steady accumulation this year

1. Vanguard US Equity Index + VUSA = 5.6%
2. Vanguard Global All Cap Index + VWRL = 5.5%

We have taken the plunge (albeit having missed the better opportunity) and put a bit of Mrs Trout's cash to work in some Gilts so her cash position drops from 52.9% to 44.6%

And here is the performance of the Share Portfolio, a subset of the whole that I have set up to monitor my performance at picking individual company stocks:

Nov 22 SP v VWRL

The problem in 2022 for the Share Portfolio has been an over concentration in technology stocks

Cheers

Harry
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smg8 on 01/12/2022(UTC), Mr Helpful on 01/12/2022(UTC), Robert D on 01/12/2022(UTC), MartynC on 01/12/2022(UTC)
Thrugelmir
Posted: 01 December 2022 17:15:19(UTC)
#144

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VWRL rolling 10 year performance to 31/10/2022 was only 115.38%?

(Benchmark index 115.49%)

Are your formulas correct? As something is amiss.
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Harry Trout on 01/12/2022(UTC)
Harry Trout
Posted: 01 December 2022 17:24:30(UTC)
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Thrugelmir;249633 wrote:
VWRL rolling 10 year performance to 31/10/2022 was only 115.38%?

(Benchmark index 115.49%)

Are your formulas correct? As something is amiss.


Hi, thanks for the question

I took the 10-year VWRL total return figure for October 2022 (see previous page of this thread) as 200.6% per the following from Trustnet

Oct 22 VWRL

Cheers

Harry
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Harry Trout
Posted: 03 January 2023 19:07:01(UTC)
#146

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Good evening everyone, here are my transactions for December 2022

Dec 22

My cash levels remain high at 39.6%. I've again purchased some gilts for Mrs Trout in December and so her cash falls to 39.4%.

It's been a horrible year for the technology heavy Share Portfolio as follows:

SP Dec 22

Cheers

Harry
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Gary J on 03/01/2023(UTC), Mr GL on 04/01/2023(UTC), Guest on 05/01/2023(UTC)
Harry Trout
Posted: 05 January 2023 19:30:54(UTC)
#147

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Here is my annual summary Top 10

2022 Top 10

It's reflecting my drip feeding into Vanguard passives in 2022 and the significant change in cash holdings

Historically I used to think that Top 10 concentration was a good thing and I would target myself to improve this. Hence the build up in Fundsmith, Apple and Microsoft positions for example.

With retirement now confirmed and a stock market crash last year I am pretty sure I now don't have the stomach for too much concentration.

Sat here now, my best guess is that the Vanguard lines will continue to grow in 2023. My risk profile is definitely shifting ...........
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Alfa 2 on 05/01/2023(UTC), Guest on 05/01/2023(UTC), Jesse M on 05/01/2023(UTC), Andy JR on 06/01/2023(UTC), dlp6666 on 02/03/2023(UTC)
Harry Trout
Posted: 20 January 2023 17:42:38(UTC)
#148

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Copied over from the Transactions thread to keep everything in one place:

Harry Trout;254491 wrote:
Here are some thoughts about how I plan to use up my 22/23 CGT allowance in the Fund & Share account ......

CGT Allowance

I currently have no cash in the Fund & Share so this will raise £34k for purchases going forward and uses up pretty much all of the CGT allowance.

These are all OEICs which are expensive to hold in the Fund & Share compared to shares, ITs and ETFs (which are free to hold) so I plan to purchase the latter going forward and gradually rotate away from OEICs.

So this is a bit of tidying up really. I'm guilty of letting the Fund & Share go a bit feral with some long standing holdings that I've lost interest in and so I'm pleased to have the cash now to rotate and revamp a little.

The January transactions have been put through yesterday. I have front loaded the plan into January because my gut feeling is that markets will fall further in Q1.
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Harry Trout
Posted: 03 February 2023 11:26:52(UTC)
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Good morning all, here are my transactions for January 2023

01 Citywire Summary 2023

So a bit of profit harvesting in the GIA for the annual CGT exemption as described in my previous post on this thread.

In spite of the proceeds from these sales, cash % actually drops in the month from 39.6% to 37.3%. This is because (a) the portfolio rose a bit in value in January and (b) I bought a decent chunk of Treasury 5% Gilt 07/03/25 alongside other smaller purchases as shown above.

The technology heavy Share Portfolio had a decent January ……

01 TR 2023

Cheers

Harry
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Andy JR on 03/02/2023(UTC), Guest on 03/02/2023(UTC), MartynC on 03/02/2023(UTC), Guest on 03/02/2023(UTC), Andrew1952 on 11/02/2023(UTC)
MartynC
Posted: 03 February 2023 12:09:14(UTC)
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@Harry Trout - What is the best way for a retail investor buy say a Treasury 5% Gilt ?
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Harry Trout on 03/02/2023(UTC)
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