Somewhat Dorisian HYP Review
Posted: February 11th, 2020, 9:36 am
I have a HYP, the eventual fate of which is intended to provide some dividend income in my retirement (some 5 years away perhaps). I’m a bit of a LTBH person, but it occurs to me that things might be in need of some attention:
In terms of yield, there are obviously a few laggards, a couple of which are also underwater, notably Standard Chartered and FirstGroup, both down about 60% since I got them.
Of the low-yielders, there are also a couple of that have appreciated quite a lot in value too, notably Diageo and Segro, both up over 150% since I bought them.
The others I think I’m broadly happy with (with the exception of Dixons, but it’s lost so much value it’s hardly worth selling). I’ve not added any new holdings for several years.
Sector diversity seems generally OK, but I’d like to keep an eye on it. So far, I’ve tried to stick to the formula of any company already making up more than 5% of the portfolio, a sector that makes up more than 10% of the portfolio, or a major group of sectors (e.g. financials) that makes up more than 20% of the portfolio is excluded from to-ups.
Anyway, any thoughts are welcome. I’m thinking maybe I should take the hit and sell FirstGroup (waving goodbye to transport and leisure) and Standard Chartered (I’m a bit overweight on the banking super-sector perhaps), and maybe top-slice Segro (currently at 180% of average value).
(BTW I also have CME Group, left over from some kind of action a while ago, apparently. I don’t regard it as a HYP share but it’s grown quite a lot so I’ll think I’ll sell half now and see what the rest does. It’s a Yank too, so W8-BEN and all that.)
Quite what to do with the proceeds I’m not sure though.
G
In terms of yield, there are obviously a few laggards, a couple of which are also underwater, notably Standard Chartered and FirstGroup, both down about 60% since I got them.
Of the low-yielders, there are also a couple of that have appreciated quite a lot in value too, notably Diageo and Segro, both up over 150% since I bought them.
The others I think I’m broadly happy with (with the exception of Dixons, but it’s lost so much value it’s hardly worth selling). I’ve not added any new holdings for several years.
Sector diversity seems generally OK, but I’d like to keep an eye on it. So far, I’ve tried to stick to the formula of any company already making up more than 5% of the portfolio, a sector that makes up more than 10% of the portfolio, or a major group of sectors (e.g. financials) that makes up more than 20% of the portfolio is excluded from to-ups.
Anyway, any thoughts are welcome. I’m thinking maybe I should take the hit and sell FirstGroup (waving goodbye to transport and leisure) and Standard Chartered (I’m a bit overweight on the banking super-sector perhaps), and maybe top-slice Segro (currently at 180% of average value).
(BTW I also have CME Group, left over from some kind of action a while ago, apparently. I don’t regard it as a HYP share but it’s grown quite a lot so I’ll think I’ll sell half now and see what the rest does. It’s a Yank too, so W8-BEN and all that.)
Quite what to do with the proceeds I’m not sure though.
G