John Baron's income portfolio

Wider investment strategy discussions not dealt with elsewhere
toofast2live
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John Baron's income portfolio

Postby toofast2live » November 16th, 2016, 1:12 pm

Widely followed IT investor John Baron has just published his latest income portfolio in the Chronic Investor. Here it is:

Code: Select all

Bonds                             |   %
Invesco Perpetual Enhanced Income |   9
New City High Yield               |   8
City Merchants High Yield         |   5
                                  |   
UK SHARES                         |   
JPMorgan Mid Cap IT               |   7
Standard Life Equity Income       | 5.5
Perpetual income nad Growth       |   5
Acorn Income                      | 4.5
                                  |   
International Shares              |   
Henderson Far East Income         |   8
European Assets                   | 5.5
JP Morgan Japanese                | 5.5
                                  |   
Themes                            |   
City Natural Resources            | 5.5
Bluefield Solar income            |   5
F&C Private Equity                | 4.5
International Biotechnology trust |   4
Utilico Emerging Markets          |   4
                                  |   
Commercial Property               |   
Standard Life Property Income IT  |   6
F&C UK Real Estate Investment     | 3.5
                                  |   
Cash                              | 4.5
                                 


It seems like a decent selection to me.

todthedog
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Re: John Baron's income portfolio

Postby todthedog » November 16th, 2016, 6:45 pm

Thanks for the post :D

Gadge
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Re: John Baron's income portfolio

Postby Gadge » November 16th, 2016, 7:11 pm

Big fan of his work.

Have you seen my Global Investment Portfolio?
It is to be found in Investment Strategies board.
I really wanted to post it here but I can't see this board in the boards listing.


I found this thread and therefore this board under active threads.

Has this board been missed in the listings????

Gadge.

Gadge
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Re: John Baron's income portfolio

Postby Gadge » November 17th, 2016, 2:52 pm

Oh I see it now. It is located in Investment Strategies as a sub board. Didn't notice it there before.

Bit illogical eg HYP is also just a sub strategy but is not a sub board?

Anyway at least I know where it is now

Retiringat51
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Joined: November 4th, 2016, 6:08 pm

Re: John Baron's income portfolio

Postby Retiringat51 » November 17th, 2016, 6:52 pm

Does anyone have details of the holdings in the JB Dividend Portfolio?

richfool
Posts: 22
Joined: November 19th, 2016, 2:02 pm

Re: John Baron's income portfolio

Postby richfool » November 21st, 2016, 10:20 am

The JB income portfolio can be viewed in this "Keeping a perspective" IC article:

http://www.investorschronicle.co.uk/201 ... ticle.html

I'm not sure if registration maybe required.

toofast2live
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Re: John Baron's income portfolio

Postby toofast2live » November 21st, 2016, 1:56 pm

Does anyone have details of the holdings in the JB Dividend Portfolio?


I posted all the holdings at the top of this thread :?

Jarrovian
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Joined: November 27th, 2016, 2:16 am

Re: John Baron's income portfolio

Postby Jarrovian » November 27th, 2016, 2:29 am

so if a person had, say, about 400k to invest for income, how much would it cost to copy this portfolio and set it up and how much income would one expect to get from it?

Also, are there any similar portfolios based on US dollars out there?

Jon46
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Joined: November 4th, 2016, 11:45 am

Re: John Baron's income portfolio

Postby Jon46 » November 27th, 2016, 9:55 am

Jarrovian wrote:so if a person had, say, about 400k to invest for income, how much would it cost to copy this portfolio and set it up and how much income would one expect to get from it?


If you want to copy it fairly exactly, and since he does make changes/re balancing trims to it fairly frequently, you would have to subscribe to his web site, which is behind a pay wall. Likewise, you can do that by subscribing to the IC, but you would be behind the events somewhat and there is not guarantee he will continue with those articles.

Many if his changes are very well timed, for example on bond based ITs and ETFs, he let go of the bond ETFs near peak, but kept the three ITs. I think that over the next year or so he might make changes there too as/if interest rates rise.

Your 400k would be the kind of amount to invest and copy him because some of his trimmings are relatively small, hence imo require a fair amount invested to be cost effective.

You ask about the income, well in a tax shelter it yields a net 4.8% at present. One off cost to set up from scratch, just less than 0.5% stamp(some are exempt), plus dealing depending on your platform, plus spread, the latter no problem with his ITs, plus any selling costs if wanting to change an existing portfolio. So in the first year a step back as one would expect on set up.

His returns are fine, however. Better than many I can think of who would make you think they have all the answers with faulty mantras. For young pot builders some of his other portfolios would be very good too imo.



Can't help you with the US question, we do have a very simple 'american' portfolio, outside tax shelters, aimed at growth and avoiding income.

We, my wife to be exact, hold a few of his ITs, but do not need to follow him having got into ITs many decades ago, and 28% approx. of our overall market investments are in them, 39% in the ISAs. I subscribe to the IC, long habit, so I have been casting my eye on his progress and enjoy reading his articles when he sticks to investment rather than straying into politics. His knowledge of ITs is very good, and he has prime access to people in the industry.

Jon

BrummieDave
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Joined: November 6th, 2016, 7:29 pm

Re: John Baron's income portfolio

Postby BrummieDave » November 27th, 2016, 4:18 pm

Perhaps someone can help with a question that's puzzling me.

John Baron's website shows 6 portfolios; the four seasons plus a thematic and a dividend. I had always assumed that the Income Portfolio in Investors Chronicle was the same as the Dividend one on the website. However, as shown above the IC Income Portfolio contains 17 investments whereas the Dividend (according to the Rationale page on the JB Portfolio website) only has 8.

So are they different, and if so, what is the difference in their mandates, Income and Dividend?

BrummieDave
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Re: John Baron's income portfolio

Postby BrummieDave » November 30th, 2016, 10:20 am

Come on, somebody must know.

What's the difference between JB's Income Portfolio in Investors Chronicle and his Dividend Portfolio on the eponymous website?

And for completeness, the Winter Portfolio too (which I assume is also income focused)?

Not looking for the holdings btw, just the difference in mandate, approach etc.

Retiringat51
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Joined: November 4th, 2016, 6:08 pm

Re: John Baron's income portfolio

Postby Retiringat51 » November 30th, 2016, 10:50 am

The Winter Portfolio objective is to maximise dividend payouts at the expense of potential capital gain.

It is all about high yield via corporate bonds, UK and International Equity Income and UK Property Direct ITs.

The Dividend Portfolio is quite similar but with less emphasis on bonds and no property content.

peka
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Joined: November 26th, 2016, 9:02 am

Re: John Baron's income portfolio

Postby peka » December 16th, 2016, 8:38 am

BrummieDave wrote:

"What's the difference between JB's Income Portfolio in Investors Chronicle and his Dividend Portfolio on the eponymous website? And for completeness, the Winter Portfolio too (which I assume is also income focused)?"

His website says:

Moderator Message:
Text removed due to potential copyright infringement. It is acceptable to put short quotations and a link to source, but not wholesale copying

Gadge
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Re: John Baron's income portfolio

Postby Gadge » December 30th, 2016, 6:15 pm

John's portfolios are renamed in the Investors Chronicle.

ICs growth portfolio is really the Summer Portfolio on his website. This is targeted at mid-age investors looking mainly for growth but with some income. It uses some Bonds but a lowish weight.

ICs income portfolio is really the Autumn portfolio on his website. This normally has a greater weight of Bonds plus ITs that pay decent starting dividends.

On John's website he manages other portfolios.

His Winter portfolio's target audience is retired investors that want to maximise their income.

He also has Spring aimed at young investors with a long investment horizon.

In addition, he also has a thematic portfolio and a dividend portfolio.

I believe that the dividend portfolio's purpose is to provide both high dividends now but with some capital growth. I don't think it holds Bonds but could be wrong.

All of the above portfolios exclusively use investment trusts.

Gadge

mc2fool
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Re: John Baron's income portfolio

Postby mc2fool » December 30th, 2016, 8:58 pm

Gadge wrote:All of the above portfolios exclusively use investment trusts.

Maybe currently but he has included the iShares Corp Bond ETFs, ISXF & SLXX, before.

Gadge
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Re: John Baron's income portfolio

Postby Gadge » January 5th, 2017, 9:13 am

How quickly we forget!


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