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What was your portfolio churn in 2019?

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What was your portfolio churn in 2019?

0-10%
35
90%
10-20%
3
8%
20-30%
0
No votes
30%+
1
3%
 
Total votes: 39

GrahamPlatt
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Re: What was your portfolio churn in 2019?

#416762

Postby GrahamPlatt » June 2nd, 2021, 10:09 am

Wizard wrote:
moorfield wrote:
Arborbridge wrote:A smaller bucket group might do it :)


Nonetheless it's been a useful start. We know so far there is no-one here claiming to practice HYP who churned more than 10% of their portfolio. Or if they do and did, are keeping it to themselves!

Gengulphus wrote:I suspect that you mean the calendar year 2019 in this thread,


For the avoidance of any doubt, yes, as will future polls be as the majority seem to work/report on calendar years here. But anyone who posts HYP annual reports in future whether calendar or tax year can expect me to be asking them the question too. :twisted:

My bold.

And I am afraid therein lies the issue, I doubt anyone will complete the poll if they think they are above a 'reasonable' level. It also relies on people keeping records, which not everyone does.


And of course, if you’ve done little trading you’d find it easy just to tick the <10% option, whereas if you’ve perhaps done more than that, it might be an effort (and hence a disincentive) to determine your level.

moorfield
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Re: What was your portfolio churn in 2019?

#416769

Postby moorfield » June 2nd, 2021, 10:37 am

Wizard wrote:And I am afraid therein lies the issue, I doubt anyone will complete the poll if they think they are above a 'reasonable' level. It also relies on people keeping records, which not everyone does.



Well firstly I would imagine they might have concluded that the HYP approach isn't really for them then if they think they are, wouldn't you ?

And secondly it doesn't require an overbearing amount of record keeping, in fact all the pertinent data needed can be sourced from brokers' statements (certainly can in my case).

seagles
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Re: What was your portfolio churn in 2019?

#416785

Postby seagles » June 2nd, 2021, 11:21 am

Whoops, first to declare more than 10%. Went from 22 shares to 19. Used Tax year results. From records see GNK which was forced. TSCO, I retired from them so sold a very small holdong. TATE, sold for CGT purposes and to bring my trading account down so dividends not taxable. I think my figures are correct.

absolutezero
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Re: What was your portfolio churn in 2019?

#423678

Postby absolutezero » June 30th, 2021, 10:47 am

I'm the over 30%
Skewed by selling and re-buying inside an ISA
But I sold all my "most Covid affected existential threat" type shares. Easyjet, British Land, Land Securities etc all went and I bought more defensives (utilities, fags, pharma etc)
For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.

tjh290633
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Re: What was your portfolio churn in 2019?

#423682

Postby tjh290633 » June 30th, 2021, 11:29 am

absolutezero wrote:For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.

My accumulation unit price is currently at its maximum level of £30.75.

Dividend income per accumulation unit was 136.07p at its peak in 2019-20. It is recovering, but not yet to that level.

TJH

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Re: What was your portfolio churn in 2019?

#423684

Postby Arborbridge » June 30th, 2021, 11:33 am

absolutezero wrote:I'm the over 30%
Skewed by selling and re-buying inside an ISA
But I sold all my "most Covid affected existential threat" type shares. Easyjet, British Land, Land Securities etc all went and I bought more defensives (utilities, fags, pharma etc)
For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.


I'm sure mine would be at its highest too - if I didn't' keep spending it :lol:

Arborbridge
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Re: What was your portfolio churn in 2019?

#423686

Postby Arborbridge » June 30th, 2021, 11:37 am

tjh290633 wrote:
absolutezero wrote:For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.

My accumulation unit price is currently at its maximum level of £30.75.

Dividend income per accumulation unit was 136.07p at its peak in 2019-20. It is recovering, but not yet to that level.

TJH


Well, that's interesting - my prices have dipped since the 15th June, so I guess that mine cannot be at the maximum today :) I doubt any dividends paid since then have made up the difference.

Arb.

absolutezero
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Re: What was your portfolio churn in 2019?

#423688

Postby absolutezero » June 30th, 2021, 11:45 am

Arborbridge wrote:
absolutezero wrote:I'm the over 30%
Skewed by selling and re-buying inside an ISA
But I sold all my "most Covid affected existential threat" type shares. Easyjet, British Land, Land Securities etc all went and I bought more defensives (utilities, fags, pharma etc)
For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.


I'm sure mine would be at its highest too - if I didn't' keep spending it :lol:

Money is not for spending. It's for buying shares with.

moorfield
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Re: What was your portfolio churn in 2019?

#423689

Postby moorfield » June 30th, 2021, 11:48 am

Well my Income (ntm) forecast is currently higher than ever and cashflow looks like it will also be this year, but that has required a churn of ~20% so far this year to get back on track. Accumulation unit value is ~3% short of where it was at year end 2019.

Arborbridge
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Re: What was your portfolio churn in 2019?

#423708

Postby Arborbridge » June 30th, 2021, 12:32 pm

moorfield wrote:Well my Income (ntm) forecast is currently higher than ever and cashflow looks like it will also be this year, but that has required a churn of ~20% so far this year to get back on track. Accumulation unit value is ~3% short of where it was at year end 2019.


My income forecast is higher than since the "crisis", but it was higher in March 2020 - and we know that worked out well :)

However, I've come out of it well, so far without having to reduce my "salary" - though this has eaten into my ability to re-invest (i.e. one might say I been using the safety margin), though I haven't touch any income reserves. My only major sell was BT, and I've kept clear of other radical moves until things clarify.


Arb.

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Re: What was your portfolio churn in 2019?

#423725

Postby daveh » June 30th, 2021, 1:23 pm

absolutezero wrote:I'm the over 30%
Skewed by selling and re-buying inside an ISA
But I sold all my "most Covid affected existential threat" type shares. Easyjet, British Land, Land Securities etc all went and I bought more defensives (utilities, fags, pharma etc)
For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.


No changes to my Income portfolio and it was at its most valuable middle of this month, it has fallen back towards the end of the month though. The Pre covid peak was 3.70 on 31st December 2019, it fell back to 2.71 at the end of March 2020 and peaked this month at 3.96. All accumulation unit values.

Income is climbing back towards precovid levels, but I think I will still be below 2019 income, but well ahead of last year (I haven't counted the Pennon special as income, but did count the Tesco special).

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Re: What was your portfolio churn in 2019?

#423774

Postby tjh290633 » June 30th, 2021, 4:52 pm

Arborbridge wrote:
tjh290633 wrote:
absolutezero wrote:For what it's worth, my 'wealth' is now the highest it has ever been. Ditto dividend income projection for this tax year.

My accumulation unit price is currently at its maximum level of £30.75.

Dividend income per accumulation unit was 136.07p at its peak in 2019-20. It is recovering, but not yet to that level.

TJH


Well, that's interesting - my prices have dipped since the 15th June, so I guess that mine cannot be at the maximum today :) I doubt any dividends paid since then have made up the difference.

Arb.

Bear in mind that withdrawals do not affect the unit price very much, if at all.

TJH

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Re: What was your portfolio churn in 2019?

#423785

Postby Arborbridge » June 30th, 2021, 5:55 pm

tjh290633 wrote:
Arborbridge wrote:
tjh290633 wrote:My accumulation unit price is currently at its maximum level of £30.75.

Dividend income per accumulation unit was 136.07p at its peak in 2019-20. It is recovering, but not yet to that level.

TJH


Well, that's interesting - my prices have dipped since the 15th June, so I guess that mine cannot be at the maximum today :) I doubt any dividends paid since then have made up the difference.

Arb.

Bear in mind that withdrawals do not affect the unit price very much, if at all.

TJH


Dividends for acc units add to the total portfolio value, and therefore the unit price - but not by much in two weeks. The total value of my shares was at its highest around about 15th June, so the unit price must be lower today than then. (I'll check tonight as it's the month end)

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Re: What was your portfolio churn in 2019?

#423787

Postby tjh290633 » June 30th, 2021, 5:59 pm

Arborbridge wrote:Dividends for acc units add to the total portfolio value, and therefore the unit price - but not by much in two weeks. The total value of my shares was at its highest around about 15th June, so the unit price must be lower today than then. (I'll check tonight as it's the month end)

Of course, but if you withdraw cash you nominally sell accumulation units, so their price is not affected.

I was looking at month end figures, but I agree, 15th June was an all time high for me as well.

TJH


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