moorfield HYRP

[Arborbridge]

2022 Update

Revolution. This year I have turned over the portfolio significantly, 52%, by recycling lower yield shares into higher yield investment trusts. The ratcheting effect of this has seen a significant milestone reached years earlier than planned - a natural yield income exceeding the higher rate income tax threshold (£50270). Acc Unit value gained +4.9%, Portfolio Xirr since inception (Nov 2008) was +8.4%. I turn 50 this year, for the next five years at least that income will continue to be reinvested into ITs (boring!), and it is not inconceivable that it might double again at +7.2%pa before I turn 60 (with the help of further contributions). We shall see, but I can now start thinking seriously about stopping working full time by 55-57 and broadening out IT holdings.


Trading & Costs



Portfolio Leavers

WPP, AZN, GSK, BA, ULVR, AV, NG, UU, SDRC, SSE, SHEL

Portfolio Joiners

EAT, CSH, HFEL, SMIF, NCYF, THRL, CHI, APAX, AEI, HHI, JLEN, FSFL, SOI, MYI


All that remains to write as usual is:
Happy New Year 2023 to All, and Thankyou to Owners and Mods for keeping LF running.

M

Congratulations - you are doing well! And thanks for giving me some New Year reading, because some of those tickers I do not recognise - not that I am anxious to collect even more, but you never know.

Arb.

[moorfield]

Congratulations - you are doing well! And thanks for giving me some New Year reading, because some of those tickers I do not recognise - not that I am anxious to collect even more, but you never know.

Thank you. Ultimately I am aiming for 15-20 income oriented ITs across different AIC sectors (14 so far). I have filled up a bingo card of HYP(ish) selection disasters over recent years, all of the above have impressed with metronomic payouts (particularly through Covid) and foremost thats what I want as mid-50s loom. There are a few more on the shortlist to come - INPP, TRY, HINT and BRWM (less metronomic).