churjones
31 Mar 2015
Re: A little bit of insight Rober01 I fear that level of return will drop this year, my selling out of many shares previously held, will bring this down to around 5.4% +. I have my own formulae for selling based on what i predict for interest returns in the market set against capital return on share price, over a 5 year future. add in a couple of other salient indicators, and that's me with a sell note. GLIF i have not looked at since selling early last year, Zopa is my choice for p2p started low about 4 years ago and am now waiting for the tax free element to kick in 2016, i like this form of lending and bad debts are covered unless the economy takes a real dive and no one pays ha ha.Can honestly say talking with some of the telesales people from abroad is interesting, many people find them annoying, i make a point of never letting them get to there sales point, instead getting behind where they are located and real name, love it regards
Rober01
31 Mar 2015
Re: A little bit of insight Rober01 churjonesHaving slept on it and having commented on my "manic" April, I think I an being very unfair to you. With your churn, your own self assessment in terms of reported capital gains must be horrific. Sorry for being so self obsessed, you have my sympathy.Additionally, as a frequent user I presume you are getting very low charges, though lots of stamp duty is a pain.Regards
Rober01
31 Mar 2015
Re: A little bit of insight Rober01 churjonesAnything reasonable that pays 8% has to be a hold IMO!! A running yield of 7% is exceptional, very good going!! I can only manage about 6.4%.I do occasionally get the odd scam call, in the past I used to lead them on, but now I simply put the phone down. The scammers generally play on the "Greed Gene" which unfortunately appears to be over developed in many people. As I have mentioned before I am sure, I want for little and the greed hook no longer excites me.As to foreign investments, it is common for people to have a "home bias". In the US for example many people have been found to have investment portfolios based within 20 miles of their home location or are over invested in the company for which they work eg ENRON. For me my foreign excursions are based mainly in Investment Trusts (although EAT has been an individual success having almost doubled its capital value in around 2 years).Incidentally I do not know if you have looked at GLIF since its transformation into a Peer to Peer/ Crowd Funding company investor. This one will either make me a lot of money or lose me a lot. I think the former but the jury is still out. One has to have a bit of excitement to offset the loss of the greed factor.Regards
churjones
30 Mar 2015
Re: A little bit of insight Rober01 Rober01 Interesting your last paragraph you see it much as i do on dividends, i expected them to fall significantly toward the end of last year they have not, cover has and prices dropped with peaks and troughs on many shares a sign of instability perhaps for the longer term. IPE i sold as the increase in price warranted me selling and not holding on, at that time invesco's credibility was ebbing a little with the demise of mr ?. HSD i still have for the 8% it yields but on the price i paid it is considerably less but better than the banks,i still think it is oversold, possibly by 20 or so pence.One i do like and bought was ADT a telecoms take a look at the share perk, no need to tell you to look at the figures and they are very good, but the p.e a bit high now.My running yield is an average 5.40% if you take the figures from my broker, i would put it more than 7% historically over the 24 month period. Unlike yourself i am wary of foreign investment china etc. As you might remember i fancied PEW myself but the boat sailed before i could get on board, another one along shortly as always is with shares.As i previously wrote, i like FAIR and will look deeper into any facts, it if there is anything available on it information wise, you always come up trumps with something worthwhile. When it comes to sipp pensions and the potential scamming we hear about, one person they will not catch is you ha ha regards
sigil
30 Mar 2015
Re: A little bit of insight Rober01 Thank you, maybe I should have followed the thread more closely.
Rober01
30 Mar 2015
Re: A little bit of insight Rober01 churjonesI have only just picked up this reply, I sure am getting old!!You have been busy since we last talked. NEP I have never heard of but then I concentrate on well known generalist VCTs (for me they are tax saving vehicles with huge stability value).I take it that you have sold IPE, which I do find a bit surprising, for me at the average price I paid it yields 8% with which I am more than happy.Incidentally I forgot to mention that I have taken a significant position in PEW. This occurred when they extended their life until 2020 and decided to pay out cash reserves from their previous existence by way of special dividends, another tasty 8% or so yield.After my 17 years in this game I have come to the conclusion that in general sticking with a very stable portfolio on a good yield is the way to more riches (? Porches). That said when I see a new candidate that I like (FAIR) I am not adverse to selling something to get it (ELTA).I do not expect this to happen very often, based on my recent experience. The problem for me is that with the market as it is, very often, I cannot add to existing portfolio members, as to do so, often involves upping my very healthy average purchase price, thus markedly dropping the yield. IPE is a case in point.Consequently, my next purchase will be to add to my first ever investment (1997) which is my only managed fund an ex Provident Mutual 40/60 item now run by Aviva. This has managed to achieve 7.8 per cent average over all of those years, no mean feat IMO.April is going to be manic for me with the need to complete my self assessment, next years larger ISA and determine how I am going to deal with taking the cash free element of my SIPP (as I always planned from inception). This is particularly important in the light of the change of government and all the implications the may well have for tax free savings.With regards to your comments on economic stability, the market is due a major drop, but I am happy to have 43% of my investment in the UK an the rest spread in Europe, South America and the Emerging Markets. I will sit patiently and collect my dividends and add to my portfolio members as reduced prices and increased yields allow.Regards
Rober01
30 Mar 2015
Re: A little bit of insight Rober01 Sorry for the confusion!! We did not make it clear it was FAIR being referred too
vitabrevis
30 Mar 2015
Re: A little bit of insight Rober01 I think they are referring to FAIR and not IPE Sigil
sigil
30 Mar 2015
Re: A little bit of insight Rober01 I am confused, as far as I am aware this Trust still pays quarterly dividends.
Rober01
30 Mar 2015
Re: A little bit of insight Rober01 This only started this year in January. IMHO it is to meet the needs of the expected target investors. Note that the company is intending to make the 12th monthly payment a larger one than the previous ones.Still early days for this one, so some risk, but for me fits my portfolio profile nicely.churjones Purely out of interest do you still hold HSD? Incidentally I have just found out that my broker offers the facility to hold my Dollar and Euro dividends in those currencies which raises the prospect of taking on some more currency risk and putting off the 2 per cent currency conversion charge. Food for thought!!!
budu
30 Mar 2015
Re: A little bit of insight Rober01 I, too, am disturbed by the diseconomy of monthly dividends and look forward to reading your findings.OTOH maybe Inv. Perp. are merely exploiting a marketing opportunity; pensioners who require monthly payments. In that case, the segment is well served by this product.
churjones
29 Mar 2015
Re: A little bit of insight Rober01 Must say to you both, having looked over this fund without delving to deep, i like the concept and although i can't see a reason for the monthly dividend (cost & administration, perhaps there is a reason) will look further rober01 soi, regards
soi
29 Mar 2015
Re: A little bit of insight Rober01 HiInteresting and useful following your choices.I`ve taken a quick look at FAIR, which seems interesting.There is one piece of information I have not been able to find, I wonder if I could have some help please :"The fund said it will will continue to target an annual net total return of 12% to 14% over the planned life of the master fund, Fair Oaks Income Fund LP, into which it invests. It expects dividends to be the "principal element" of the return to shareholders."What is the planned life of the master fund, how many years ?Thank You.soi
Rober01
26 Mar 2015
Re: A little bit of insight Rober01 churjonesI hope you are well, I have just picked up your post on LRE. I hope things are going well and you are making nice profits!!For me the market has been volatile and poor since the middle of last July. I see little change occurring until the election has come and gone and Alex Salmond is dictating our future ( for the benefit of Scotland).I have managed to keep my churn rate low (as I hope have you).I have expanded my VCT collection to include both NTV and FTV thus retrieving my tax payments ( to be completed with self assessment next month). I must say the tax man is very good and returns my loot within two weeks or so, direct to my bank Account.I bought my 5th Porsche in September (the first I have built to my own spec) and managed to get involved in a whiplash scam several weeks ago, a d------- shame. The only consolation being that the villains will NOT GET A PENNY from the insurers and just may get a criminal record instead!!The only real addition to my portfolio has been another dollar payer FAIR, which coupled with additions to LRE and CIFU enable me to pursue my belief in the dollar against the pound in the near to medium term. It does of course add to the portfolio risk on currency but helps the fixed interest diversity.I do not know if you have a need to worry about Bed and Isa , but I do and I have sold a lot of MGHI today, for repurchase in my Isa about the middle of next month. This will crystallize some capital gains and avoid the dreaded higher rate tax band.So enough of me, what have you been up to. As I have not heard anything I presume you have been sticking with you existing portfolio as well as visiting the local watering hole.Regards
badnews
14 Jan 2015
Re: FED UP I have already tried this with other funds without any success. I am thinking instead of voting with my feet and moving my money to ISHARES EURO HIGH YIELD BOND FUND (SHYG). The yield is currently 5.1% with its 5.633 euro dividend. If the Euro appreciates in value from its depressed levels then the yield would increase.I would be giving up a small amount of yield, but buying in to a fund without a performance fee and an absolutely tiny TER. Furthermore, the reporting by ishares is far superior to the Invesco Annual Report, which fails miserably in providing the average maturity of the bond portfolio (a key risk indicator) and yield to maturity.The Ishares fund is more transparent, fairer, and I think probably less risky because as it only holds the most liquid issues.I'm still giving the matter some thought, and may also add in the Ishares USD high yield bond fund (SHYU) for further diversification (5.6% yield), if I make the switch.
