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PortfoliosIncome Portfolio (Low Risk)
I run this Portfolio as a low effort, low risk, high dividend collection of stocks where the focus is on a Blended Dividend Yield of 5%. I hold this within an iWeb ISA and the intention is to add my Full ISA Allowance every year and spread across the holdings in an appropriate split. I am careful to diversify across Sectors and expect to rarely sell anything unless it gets very overvalued on a p/e basis or if the Company runs into Severe Difficulties. I look for companies that have a solid record of raising the Dividend Payment every year and where I expect this to continue. I intend to only hold 12 stocks in total, but might up this to 15 over the longer term (this would increase Diversification and hence lower Risk). At present I reinvest the Dividends received (I do not use an automatic or DRIP Reinvestment option - to my mind these are daft) and my plan is to grow the Portfolio so that in about 10 years time when I am well on the way to my State Retirement Age, I can draw on the Dividends as Cash to live on - things are just easier this way - at present I sometimes have to sell stocks to get cash so I can eat - this is not good as it means I could be a 'Forced Seller' and selling at a bad time.
Note, I also have Spreadbets on a few of these. Also note I hold a miniscule position in Haleon HLN which span out of GlaxoSmithkline GSK; it is too small to really count and I am unsure at this point in time what to do with it. The share price at the time of writing on Easter Sunday 2023 is showing bullish traits and I am not going to sell too early !! ***UPDATE - I SOLD THESE HLN SHARES AND THE LONG SPREADBET ON 15/08/2023*** I also hold a small position in Centrica CNA that I inherited, but that is not even sat in a trading account. Again, the share price is going up so I am not in too much rush to deal with it. Unit Trusts (Medium to High Risk - high Market Correlation) ***THESE HAVE NOW BEEN SOLD AND REPLACED WITHIN MY ISA BY PCT AND WWH*** I have a small collection of Unit Trusts which are really a Legacy from my earliest disastrous forays into the Markets back in 1999. I have made good strides in recent years to reduce these and have recently sold out of a Japan Fund as the stark reality is that I just do not understand (and therefore cannot assess value) the Japanese Economy - the Debt levels are insane and the recent rally in Nikkei and Topix Indexes enabled me to get out with a nice pot of cash. As a rule, I am not a fan of Unit Trusts and prefer Investment Trusts and ETFs (I will do a detailed description of these and advantages / disadvantages in the future on this website), however, the big advantage they do have is that they are very hard to sell - I mean it is a pain having to phone up and such nonsense and you need to take a positive action to ditch them.....sometimes we need to be protected from our own stupidity !! For that reason, they have not been Top of My 'To Do' list......
I also have about 10% of my Total Wealth in a Prudential With Profits Bond - these have had a bad press as they are often linked to Endowment Policies but mine is Standalone and not linked to a Mortgage and I reckon it has returned about 4% a year on average. It is pretty resilient in Tough Times and has some Tax Advantages. Like with Unit Trusts, it is quite a hassle to actually sell units and get cash out - sometimes we benefit from being protected from our own Stupidity !!! Trading ISA Portfolio (High Risk relative to my Income Portfolio and Unit Trusts) This is where most of my money sits and is the Portfolio where most attention is focused - when I do daily Tweets with my % gain or loss on the day, this is the Portfolio I am referring to (although this also includes my Spreadbet positions). On the majority of these stocks I hold normal shares and a Spreadbet position as well - although in practice there are a few where I only hold Spreadbets - and on some smaller stocks it is impossible to do Spreadbets so I have bought larger amounts of normal shares. Some stocks I hold also in my Income Portfolio. Relative to my Income Portfolio and my Unit Trusts, this is High Risk, however, I am not a gambler and compared to many Private Investor's Portfolios this is probably less risky. This is especially so when position sizes are Risk Weighted as per my Blog "Position Sizing Part2" from 29th October 2014. Current holdings in my Trading ISA Portfolio Note, I hold 'mirror' positions of many of these in my Spreadbet Account. My intention is to reduce the holdings in this Portfolio down to 30. I have been slowly moving towards that but at a glacial pace; I might need to get more proactive but I am in no huge rush really. 1. Accsys Technologies AXS 2. Avation AVAP 3. Aviva AV. 4. Bango BGO 5. Boohoo Group BOO 6. Crest Nicholson CRST **TINY POSITION I INHERITED** 7. Diversified Energy Corporation DEC 8. Duke Royalty DUKE 9. Empresaria EMR 10. Fevertree Drinks FEVR 11. Fireangel Safety Technologies FA. 12. Gateley Holdings GTLY 13. Glencore GLEN 14. Hostelworld Group HSW 15. Hotel Chocolat HOTC 16. I3 Energy I3E 17. Iomart IOM 18. Kin and Carta KCT 19. Lok 'n Store LOK 20. Mpac Group MPAC 21. On The Beach Group OTB 22. Pets At Home PETS 23. Polar Capital Technology Trust PCT 24. Serica Energy SQZ 25. Somero Enterprises SOM 26. Sopheon PLC SPE 27. Standard Chartered PLC STAN **LONG SPREADBET ONLY** 28. Superdry PLC SDRY 29. Team17 Group TM17 30. Tristel PLC TSTL 31. Vistry Group VTY 32. Warpaint London W7L 33. Water Intelligence PLC WATR 34. Worldwide Healthcare Trust WWH 35. PayPal Holdings Inc PYPL **LONG SPREADBET ONLY** Changes to the Portfolio The Letter in Brackets after each Stock gives an idea of the weighting according to the following Key - I have decided that doing % weighting for each is too hard an admin task as it varies anyway from day to day particularly if I Topslice and Topup:
From time to time I will amend these weightings and mark in Bold where there is a change. Overall I am happy with the stocks I hold and currently have 35. As you can see, I hold a lot of stocks and it is a focus going forward to get this down to just 30 (the 'WD30') rather than the previous 'WD40' in my Trading ISA - holding too may stocks can mean I am just running a Closet Tracker Fund !! Having said that, I am already having trouble Buying and Selling smaller Positions so it would be almost impossible for me to be more concentrated anyway. Please note that in my 'Trading ISA' and Spreadbet Account, I also have some Stocks that appear in my Income Portfolio as well - I am essentially increasing my weighting to them. |
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