RE: Living off dividend income....25 Jan 2025 13:31
Afternoon all,
Firstly, Zac, I'd like to thank you for putting up your annual figures for the year. I hope you continue to do so as I, for one, find them most interesting. I think it's something that may start to come into play for myself moving forward (funds). If the opportunity presents itself, at some point, and, at the expense of LGen.
I chose not to post my figures at the start of the year/ end of last, as, at the time, there was a lot of chat going on about Trump, Reeves, Labour etc, and it just doesn't really do it for me.
I have for the previous three years, under this account and my previous account. I changed my account name when I moved home, and decided on a new start. Crossley has the relevance of where I now live.
The previous three years, in my league table, LGen has finished bottom but one, or bottom but two, one year. That stands again for the year just passed, last but one. I managed to double my figures for the year with some, lucky?, shrewd?, moves at the end of September and into the middle of October. Added into BP when they hit a 52 week low and could see oil flying up, due to the middle east conflict. A quick 8.5% in a week or so, then hopped over, with 2/3, to IAG in mid October, doubling my holding there. Pretty much, all profits came from HB sales, NWG, IAG & REL.
The one thing I've done differently this year, and on the basis of LGen finishing where it has for the last few years, was to take LGen out of the equation, and see what the difference would have been. By dividing my LGen holding equally between all my other holdings, as if at the start of the year, and see the results at the end. The results are as follows:
With Legal & General +30.09%
Without 40.48% (would have been).
The main reason for this post!
Hence, my serious consideration to my holding here. As a reference, current holdings, in value size, as of today are
IAG (might take some off the top before results, not sure, but probably wise) NWG, LGen, REL (Relx), Rio, TW (bought 14/1), BWY, (ditto) EZY (looking for out) Pru, BP (last third sold 20/01).
On HB's, I fully concur with Mr Bricks, I think it'll be tough, and for me, I see this really kicking in around May when the NICS thing starts to show. Build inflation, supplier inflation etc, all up, margins strained even further. Along with, and I've had a bee in my bonnet about this, the new Warms Home Plan, due to come in later this year, where HB's will have to move away from gas boilers. I was chatting to a bloke who works for a smallish builder in Lincs. He was saying they've already moved over, and are up to speed with the new standards/regs, by fitting all heat pumps etc. I believe they have the option of going electric boilers but really, can you imagine the energy bills? They are still not that cheap compared to gas boilers to buy. The price of their 3 bed semi detached's have gone from 225k to 245k to accommodate.
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