mc2fool wrote:
Ok, so [Pyad] does still trumpet that, despite capital being secondary, HYP1 has thoroughly trounced the FTSE 100 then!
Well, I'm all done on my 'defending HYP1' quota for today, but I would like to think it's obvious from the words that Pyad has clearly written regarding the primary focus of his strategy, and that they discount the HYP strategy as one that's claiming to deliver 'improved total return' as part of it's mission, and is clearly one that's primarily focussed on delivering income only, but anyone thinking Pyad won't go looking to pick up unrelated bonus-points on these types of reports hasn't been paying much attention to his style over the years! :O)
mc2fool wrote:
Getting back to any Lemon Fool income-investor who clearly proclaims that their strategy also delivers better total-returns, I believe TJH falls into that category.
He has stated in the past that the reason for his high(er) yield strategy is that he noticed in his early investing days that his higher yield investments (UTs at the time IIRC) actually had better capital gains than the lower yield ones.
He has the evidence too.
I agree that's one of the reasons that Terry has steered his own approach into the really quite regulated income-strategy that he has, with it's long-term, rule-based approach to income-portfolio management, but I'm not clear on your final point - are you saying that he's got the evidence that his approach works, and delivers on that premise over the long term?
Cheers,
Itsallaguess