Dividend letter tops my 6 month update - Southbank Investment Research

Participant

Hi Stephen .

I review my portfolios every 6 months , and as it’s start of July , I’ve just completed that task
I know it’s only 6 months out of a “forever hold” , but I thought I’d share how various portfolios performed.
I’ll try and not name names but leave enough of a clue so anyone can use an educated guess

Top so far in 2018

No surprise , the Dividend letter , income of 2.65% and growth of 2.8% ( should say this mostly HYP 6 with some of 7 )
Total increase of 5.46%

Then MO Alpha portfolio , growth of 2.91%

Then very well known fund supermarkets income and growth fund , inc of 2.19% and growth of 0.44% , total 2.63%

Then my own capital preserver portfolio , of cash , gold and a few very famous funds and ITs that specialise in capital preservation , growth of 0.64% ( which to be honest I am quite pleased with ). I hold 50% of my total holdings in this , so as you can see I’m fairly cautious at the moment.

Lastly a couple of portfolios from a company who say they are EXPERT in FUNDS
One grew by 0.49% and the other lost 3.15%.

Anyway this was a very long way of saying thank you , I’ve been with The Dividend letter 2 years now , I appreciate your insight.

Thanks again

Ron Wilson

Stephen Bland

Moderator

Thanks Ron, I appreciate your comments. Glad it’s worked well for you so far but as you realise, six months is far too short to draw any long term conlusions from a portfolio designed to be held for all eternity.

I stress too that I design and promote HYPs principally for income, not capital growth or total return. The latter two effects may well follow over time, taking a portfolio as a whole, because the strategy utilises elements of value and contrarian concepts but growth and total return, welcome as they are of course, are not the purposes of the HYP approach.

Going further with that, one of my didactic aims with the strategy is to wean investors away from the whole idea that the reason to buy a share is to sell it later for a profit, and on to the view that the reason to buy a share is for its good yield and potential to increase its dividends long term.