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TJH HYP Annual Review

A helpful place to also put any annual reports etc, of your own portfolios
tjh290633
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TJH HYP Annual Review

#490958

Postby tjh290633 » April 1st, 2022, 11:19 pm

I have just done my calculations for the financial year, although it still has a couple of working days to run.

The summary is:

.            Income Units              Accumulation   Rebased   Rebased   April   Rebased
Year to Unit Value Div/Unit Unit Value FT30 FT100 RPI RPI
21-Apr-87 1.00 0.00 1.00 1.00 1.00 1.018 1.00
05-Apr-88 0.91 2.86 0.94 0.92 0.91 1.058 1.04
05-Apr-89 1.18 2.72 1.28 1.10 1.05 1.143 1.12
05-Apr-90 1.21 4.24 1.40 1.13 1.14 1.251 1.23
05-Apr-91 1.34 5.42 1.69 1.28 1.26 1.331 1.31
05-Apr-92 1.30 7.52 1.75 1.24 1.26 1.388 1.36
05-Apr-93 1.51 6.91 2.13 1.44 1.46 1.406 1.38
05-Apr-94 1.70 6.27 2.50 1.65 1.65 1.442 1.42
05-Apr-95 1.66 7.48 2.55 1.57 1.62 1.490 1.46
05-Apr-96 1.95 7.38 3.13 1.80 1.90 1.526 1.50
05-Apr-97 2.16 8.40 3.62 1.85 2.21 1.563 1.54
05-Apr-98 3.31 10.00 5.72 2.45 3.05 1.626 1.60
05-Apr-99 3.44 8.46 6.12 2.47 3.21 1.652 1.62
05-Apr-00 3.32 11.33 6.13 2.42 3.35 1.701 1.67
05-Apr-01 3.29 12.42 6.32 2.05 2.89 1.731 1.70
05-Apr-02 3.37 13.02 6.76 1.65 2.69 1.757 1.73
05-Apr-03 2.29 12.10 4.85 0.85 1.85 1.812 1.78
05-Apr-04 2.92 13.38 6.56 1.22 2.25 1.857 1.82
05-Apr-05 3.46 13.06 8.10 1.33 2.51 1.916 1.88
05-Apr-06 4.30 17.42 10.57 1.68 3.06 1.965 1.93
05-Apr-07 4.91 19.42 12.63 1.90 3.31 2.054 2.02
05-Apr-08 4.14 24.32 11.21 1.58 2.93 2.140 2.10
05-Apr-09 2.28 21.17 6.46 0.87 2.01 2.115 2.08
05-Apr-10 3.69 11.06 10.86 1.33 2.91 2.228 2.19
05-Apr-11 4.16 16.71 12.76 1.43 3.03 2.344 2.30
05-Apr-12 4.40 17.73 14.19 1.33 2.96 2.408 2.37
05-Apr-13 5.27 21.83 17.01 1.54 3.29 2.476 2.43
05-Apr-14 5.34 23.05 18.88 1.75 3.38 2.557 2.51
05-Apr-15 5.91 24.98 21.84 1.91 3.47 2.580 2.53
05-Apr-16 5.92 22.67 21.72 1.79 3.17 2.614 2.57
05-Apr-17 6.62 26.21 25.47 2.10 3.76 2.706 2.66
05-Apr-18 6.12 33.19 24.66 1.79 3.62 2.797 2.75
05-Apr-19 6.35 31.25 27.04 1.95 3.82 2.856 2.81
05-Apr-20 4.60 31.57 26.64 1.44 2.77 2.926 2.87
05-Apr-21 5.99 22.54 29.07 1.76 3.46 2.960 2.89
05-Apr-22 6.53 24.68 33.41 1.69 3.86 3.143 3.09

I reached an all-time high of value on Wednesday. The income units give a direct comparison with the markets, on the same basis.

TJH

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Re: TJH HYP Annual Review

#491192

Postby 88V8 » April 3rd, 2022, 10:23 am

Fascinating to see the progression over so many years.

The divi dip from 2008-10 was much more damaging than the covid dip that we worried so much about.
Was this due to your investment alignment? I suppose what I'm wondering, did you do anything post-2008 to make income more resilient?

V8

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Re: TJH HYP Annual Review

#491220

Postby ADrunkenMarcus » April 3rd, 2022, 12:26 pm

Great stuff!

Based on a timescale of 35 years (I didn't adjust for a few weeks' difference), your accumulation units seem to have compounded at about 10.55 percent CAGR, or a total return of 3,241 percent. They have risen so much on a nominal basis that a further rise of less than 3 percent will add 100 percent on to your total return on your original capital. Rebased RPI has more than trebled as well, nonetheless you are left with a very substantial real return.

It goes to show what can be achieved by diligently and consistently investing, riding out the ups and downs.

Best wishes


Mark.

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Re: TJH HYP Annual Review

#516864

Postby 1nvest » July 24th, 2022, 6:52 pm

I'd love to see Terry's accumulation 2021 calendar year figure/gain.

From a set of data 1997 to 2020, comparing a 4% SWR as applied starting January 2000, up to the end of 2020, TJH HYP would have been down to 76% of the inflation adjusted start date amount still being available after the 21 years. In contrast, FCIT (F&C Investment Trust, formerly Foreign and Colonial) would have been down to 55% of the inflation adjusted start date capital still remaining. That assumes the SWR amount were drawn at the start of each year. And also reflects that FCIT started at a 12% discount to NAV, ended at a 5% discount to NAV (I used FCIT total returns based on share price, not NAV). From the start of 1997 to end of 2020 both churned out a 8% type nominal annualised, 5.5% real (trend line linest(ln... measure). I believe Terry uses FCIT for one of his grandchildren (WTAN for the other) - they're lucky to have such a great Grandad 8-)

I know some/many hereabouts are content to be all-in stock, myself less so. So in the way of comparison I also measured a three-way combination of 100% FCIT, 50/50 BRK/Gold, 30/70 FT250/3 year Gilt ladder. Yearly rebalanced. Volatility was considerably reduced for that compared to TJH-HYP and FCIT but yielded similar overall rewards, whilst the 4% SWR saw 118% of the inflation adjusted start date capital still available at the end of 2020. Style diversification of thirds each : all-in (FCIT), a 50/50 US$ primary reserve fiat currency (invested in Berkshire Hathaway as a (more cost/tax efficient) US stock proxy (pays no dividends, so no 15% US dividend withholding taxes)) and a non-fiat commodity currency (gold), and a type of Larry Portfolio (30% more volatile stocks such as small cap value (FT250 in this case), 70% bonds (3 year Gilts)). The 2000 start date (1999's stock peak) is reflective of a relatively bad time to have lumped all-into-stocks, so in one sense that FCIT and TJH-HYP have held up so well since 2000 is a good omen.

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Re: TJH HYP Annual Review

#517161

Postby tjh290633 » July 25th, 2022, 8:09 pm

1nvest wrote:I'd love to see Terry's accumulation 2021 calendar year figure/gain.

Acumulation Unit values:

31 Dec 20 - £27.01
31 Dec 21 - £32.61

Increase 20.75% on the year.

Income Units:

31 Dec 20 - £5.57
31 Dec 21 - £6.42

Increase 15.28% on the year.

Dividend per unit: 27.83p, yield 4.33%

TJH


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