Great to see the results YTD. Happy with my second place given this portfolio required <5mins all year to set it and forget it. Having a kind disposition I won’t apply any opportunity cost for all the hours the active managers spend on activity they believe will give them some kind of edge. Many thanks and good luck to all.
Hi Oak Bloke! What a lovely article, that made my day! Very generous comments from you, thanks. I should add that my colleague Graham Neary has out-performed further - his top 10 share ideas for 2024 list is currently up 29%, versus my 27%. We don't include divis in that either, but neither do we allow for bid/offer spreads or dealing commission, so I reckon it probably roughly nets off.
We mustn't get too cocky, as both Graham and I have now had 2 strongly out-performing years on the trot, in a market that's been kind to our value/GARP approach. As we enter a new bull market, your more speculative stuff could begin to shine, as people once again take on more risk, as we see in every cycle. Thanks for an interesting blog, and your kind comments, much appreciated. Paul Scott.
I'm glad you found it interesting. I will calculate the dividends in your 20 and include that in. I notice 13 of the 20 are divi payers and Headlam and Eurocell show as rolling >6% payers, although not fully covered. Your next 2 highest are >4% but appear to have a more stable and well-covered dividend. The next 4 are >3% and even better covered.
I will do the same with the ST Bargain Shares 2024 - the dividends almost certainly alter the fun run and put him 4th place.
My cunning plan was to have a few high dividend payers, RE.B, FAIR, DEC, PTAL and TCAP which would deliver an overall average 3% portfolio return via dividends, and then have growth ideas too. DEC's dividend cut takes my forecast return to 2.7%. (Of course 2.7% over 5/20 shares is 10.4% average)
I notice yours appear to come out at an average 2.1% return (and growth on top) - so that takes you from a 63.9% annualised to 66%.
Good luck as we now head towards the half way mark!
Great to see the results YTD. Happy with my second place given this portfolio required <5mins all year to set it and forget it. Having a kind disposition I won’t apply any opportunity cost for all the hours the active managers spend on activity they believe will give them some kind of edge. Many thanks and good luck to all.
Hi Oak Bloke! What a lovely article, that made my day! Very generous comments from you, thanks. I should add that my colleague Graham Neary has out-performed further - his top 10 share ideas for 2024 list is currently up 29%, versus my 27%. We don't include divis in that either, but neither do we allow for bid/offer spreads or dealing commission, so I reckon it probably roughly nets off.
We mustn't get too cocky, as both Graham and I have now had 2 strongly out-performing years on the trot, in a market that's been kind to our value/GARP approach. As we enter a new bull market, your more speculative stuff could begin to shine, as people once again take on more risk, as we see in every cycle. Thanks for an interesting blog, and your kind comments, much appreciated. Paul Scott.
Hi Paul,
I'm glad you found it interesting. I will calculate the dividends in your 20 and include that in. I notice 13 of the 20 are divi payers and Headlam and Eurocell show as rolling >6% payers, although not fully covered. Your next 2 highest are >4% but appear to have a more stable and well-covered dividend. The next 4 are >3% and even better covered.
I will do the same with the ST Bargain Shares 2024 - the dividends almost certainly alter the fun run and put him 4th place.
My cunning plan was to have a few high dividend payers, RE.B, FAIR, DEC, PTAL and TCAP which would deliver an overall average 3% portfolio return via dividends, and then have growth ideas too. DEC's dividend cut takes my forecast return to 2.7%. (Of course 2.7% over 5/20 shares is 10.4% average)
I notice yours appear to come out at an average 2.1% return (and growth on top) - so that takes you from a 63.9% annualised to 66%.
Good luck as we now head towards the half way mark!
Oak Bloke