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portfolios



Portfolios


Income 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.


  1. AZN - AstraZeneca
  2. ESP - Empiric Student Property
  3. GSK - Glaxosmithkline
  4. HSBA - HSBC Bank
  5. IGG - IG Index
  6. VOD - Vodafone
  7. RDSB - Royal Dutch Shell
  8. IDS - International Distributions Services (used to be RMG - Royal Mail)
  9. PHP - Primary Health Properties ***BOUGHT MORE ON 3/02/2022*** 
  10. TEP - Telecom Plus ***BOUGHT MORE ON 23/09/2021 ***
  11. NG. - National Grid
  12. BA. - BAE Systems.
  13. SONG - Hipgnosis Songs Fund ***BOUGHT THIS ON 6/01/2021***
  14. ADM - Admiral Insurance ***BOUGHT THIS ON 6/12/2022***

​Note, I also have Spreadbets on a few of these.

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......


  1. Framlington Health Fund  **SOLD 9/10/2018**
  2. Henderson Global Technology Fund  **SOLD 14/11/2018**

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.


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:

  • B - Big Position - 4% to 6% of Portfolio Exposure
  • M - Medium Position - 2% to 4% of Portfolio Exposure
  • S - Small Position - 1% to 2% of Portfolio Exposure
  • T - Tiny - Less than 1%
  • P - Pilot Position - around 0.5% just to get a toehold.

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.
Please see the Full Range of Book Ideas in Wheelie's Bookshop.
  • AA. - AA Limited (S) **SOLD ALL ON 5TH FEB 2021 AFTER TAKEOVER**
  • AIR - Air Partner (S) **SOLD ALL ON 4TH MAR 2022 AFTER TAKEOVER**
  • APP - Appreciate Group (S) **SOLD ALL ON 13TH DEC 2022 AFTER TAKEOVER**
  • ​AVAP - Avation (M) **BOUGHT MORE SHARES ON 6TH MAR 2023**
  • AV. - Aviva (M)  **BOUGHT MORE VIA A SPREADBET ON 16TH MARCH 2021**
  • AXS - Accsys Technologies (P)
  • BOO - BooHoo.com (B)
  • BGO - Bango (M)
  • BAR - Brand Architekts (M) **BOUGHT 9TH DEC 2020 AND BOUGHT MORE ON 9TH FEB 2021**
  • ​CAMB - Cambria Autos (S) **SOLD ALL SHARES ON 11TH AUG 2021 AFTER TAKEOVER**
  • CLIN - Clinigen (M) (was QP. Quantum Pharma) **BOUGHT MORE LATE IN 2019. SOLD ON 20TH JAN 2022**
  • CRST - Crest Nicholson (P) **I INHERITED THESE IN MID 2021 WITH A MINISCULE HOLDING. I MIGHT BUY MORE**
  • DVO - Devro (M) **SOLD ALL ON 13TH DEC 2022 AFTER TAKEOVER**
  • DEC - Diversified Energy Company (was DGOC Diversified Gas & Oil) (M)
  • DUKE - Duke Royalty (M) **BOUGHT STARTER POSITION ON 9TH FEB 2021 AND MORE ON 17TH FEB**
  • ​EMR - Empressaria (S)
  • ETO - Entertainment One (Peppa Pig !!) (M) ***SOLD ON 19/11/2019 AFTER TAKEOVER SETTLED**
  • ESP - Empiric Student Property (S) **Hold in Income Portfolio as well**
  • FA. - FireAngel (S) was SPRP Sprue Aegis
  • FCCN - French Connection (T) **SPREADBET CLOSED 25TH MARCH 2021**SOLD SHARE ON 18TH OCT 2021 AFTER TAKEOVER BID**
  • FEVR - Fevertree Drinks (S)
  • GFRD - Galliford Try (S) **SOLD ON 12TH FEBRUARY 2020**
  • GLEN - Glencore Xstrata (B)
  • GOCO - GoCompare (M) **SOLD ALL ON 22ND DEC 2020**
  • GTLY - Gateley Holdings (M) 
  • HOTC - Hotel Chocolat (S)
  • HSW - Hostelworld (M)
  • I3e - i3e Energy (M) **BOUGHT ON 8TH JUNE 2022**
  • IGG - igIndex (M) **I hold in Income Portfolio as well**
  • IOM - Iomart (B)
  • KCT - Kin & Carta (B) (was SIV St Ives) **TOPCHOPPED A BIT ON 24TH JUNE 2021**
  • LOK - Lok 'n Store (M) **BOUGHT MORE ON 25TH JANUARY 2021**
  • MCS - McCarthy & Stone (M)​  **SOLD 25TH JANUARY AFTER TAKEOVER GOING THROUGH**
  • MOSB - Moss Brothers (S)  **TAKEOVER AT 22P AND FINALLY LEFT MY PORTFOLIO ON 26TH JUNE 2020**
  • MPAC - MPAC (was Molins MLIN) (M)​  **TOPCHOPPED ON 8TH DEC 2020 AND 22ND DEC 2020 BUT STILL GOT A HUGE AMOUNT**CHOPPED AGAIN ON 27/4/2022 AND NOW DOWN TO 3% OF PORTFOLIO EXPOSURE**
  • LVCG - Live Company Group (T)  **SOLD ON 17TH FEB 2021**
  • OTB - On the Beach (M)
  • PCT - Polar Capital Technology Investment Trust (S)
  • PETS - Pets at Home (B) **TOPCHOPPED ABOUT A QUARTER OF THE LONG SPREADBET I HAD ON 19TH JULY 2021 and TOPCHOPPED MORE ON 28TH JULY 2021**
  • PYPL - PayPal (M) **TOPCHOPPED ABOUT A THIRD ON 15TH JULY 2021**
  • SDRY - Superdry (T) **SPREADBET CLOSED 25TH MARCH 2021**
  • SGI - Stanley Gibbons (T)
  • SOM - Somero Enterprises (M)
  • SONG - Hipgnosis Songs Fund (S) **ADDED TO INCOME PORTFOLIO ALSO ON 6TH JAN 2021**
  • SPE - Sopheon (S) **BOUGHT STARTER ON 24TH JUNE 2021**
  • SQZ - Serica Energy (M) **BOUGHT STARTER ON 18TH OCT 2021 AND BOUGHT MORE ON 26TH OCT 2021**
  • STAN - Standard Chartered Bank (S)
  • TCM - Telit Communications (M)  **SOLD THE LOT ON 8TH JUNE 2021 AFTER TAKEOVER**
  • TM17 - Team17 (M) **BOUGHT MORE ON 23/6/2020**
  • TEP - Telecom Plus (M) **BOUGHT MORE SHARES IN NORMAL PORTFOLIO ON 2ND MAR 2023**
  • TSTL - Tristel (M) **SOLD A THIRD OF HOLDING ON 12TH FEB 2020 AND SOLD MORE ON 9TH FEB 2021**​
  • VTY - Vistry Group (M) **INHERITED AS PART OF THE BOVIS BVS/GFRD DEAL - WAS BVS. BOUGHT MORE 7/1/2021**
  • WATR - Water Intelligence (B) **SOLD A THIRD OF HOLDING ON 4TH AUGUST 2021**
  • WWH - Worldwide Healthcare Trust (M)

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  • Home
  • Trades
  • Educational Blogs
  • Wheelie's Bookshop
  • M3 Manifesto
  • Portfolios
  • WheelieBin / WheelieWatchlist
  • Non-Finance Books
  • Beginners
  • Monthly Performance