Member Info for CSDI1962

Hi Rob,
You are spot on mate - it is not wise to keep swapping frequently as all it does is pay commissions to the administrators !
I am just trying to get my p/f into a shape where it can be left alone for a while - as I planned to do last week LOL.

whenver I see an SP rise by a biggish amount, I tend to take some profit, as too many times they have fallen back if I leave alone. The key is to have a plan.

My main objective is to achieve a dividend income of 5% p.a to reinvest and to beat the FTSE100 on a total p/f basis. But this is pointless when SP falls more than the divi every year.
If I had left alone my original 20 purhcases from 2018 (of 5% each share) I would be far worse off than I am.

My normal target is 10% profit on a HY share. This started very well in 2018. But I have had some collosal drops with too many shares so rather than sit and do nothing, I try to average down, or buy and sell in a trading range. To do this I have to move funds from one sector to another etc.

You are better invested than me, with having at least 50% in funds & trusts which is something I have never really considered, having thought the Stephen Bland HYP would be best for me with its own rules of allocation and diversification of an equal amount of money for each share.

So for now I have 11 shares and a plan for each. 10 of these should be left alone for a while until they reach targets.
PFC is my only trading share and thta has a target SP too.

I have managed to trim IMB; and BATS can act as a HY or Trading share.
The other share I want to trim is GSK, but it needs to recover a long way first.

As for AV it was sold becuase it hit my target near enough. SLA was held for 2 yrs 8 months before I had AV and was sold and moved to AV. It only took 3 months for AV to do what I planned, and outperformed SLA into the bargain, hence the swap. I would expect SLA to be held for some time now.

Fingers crossed, as I have to be careful not to overtrade. Let's hope I can leave alone for a while as previously planned.
I would expect to trade around divi dates for GSK & IMB while I am overweight those sectors.

As of close of play today, my p/f is down 5.37% since inception compared to FTSE down 14.25%.
I cannot wait for the FTSE to move forward as it has lagged other major indices for too long. When will it change, if ever ?

I note you try to pick shares with growing divis, but that has been difficult over the last year and was part of the Stephen Bland HYP plan.

Take care & good luck Rob - I am sure you are actually a far better investor than me.
I am (obv) obsessed with all the stats more than making some money LOL.
Hence I can laugh at myself with the acronym CSDI.

Cheers

P/F update - So much for "leaving the p/f alone for a while" as I noted last weekend.
Having negotiated some "free commissions" with my provider due to a "mix-up" with them not paying a dividend, which has still not been paid although due on 29th January, I have used the opportunity to move some things around as follows:
1. sold two batches (7% p/f) of IMB @1372p for a loss of 13.5% and replaced by purchase of BATS @ 2546p, which keeps my sector overweight, but splits the risk between two shares instead of one.
2. sold AV (12% of p/f) in two parts - half @ 374 for 13% profits and other half @ 392p for 18% profit.
3. Buy 6% p/f of SSE@ £13, with view to 6% divi (to replace AV 5.3% divi)
4. Buy 6% p/f of SLA @321p with view to 6.9% divi (to replace AV again)
5. Sold one batch 3.5% p/f - PFC@137p for 19% profit (trade share bought 19th Jan) - leaves 8.5% of p/f in PFC.
6. sold one bacth 3% p/f of RDSB @ 1492p for 11% profit. With oil at $66+ I believe a good chance of a pull back. Leaves just 5% p/f in RDSB, which sits with a 30% loss - ouch !

Now got 6.5% in cash to find a new share. Looking at an IT/Financial share to add some diversification, hopefully with some growth potential as well as reasonable divi yield.

I am disappointed that the SUPR Reit has announced a share issue via Primary Bid, which I am excluded from as my shares are in a SIPP. As a result my share holding will be diluted which has already caused a small pull back in the SP undoing the gains since purchase at the end of December. Arrgghh

My view FWIW is that some of these mature value plays (dinosaurs) in my p/f are maybe coming back into the reckoning as there seems to be a liquidation of growth/tech shares starting to build momentum.

Overall a very good week for CSDI p/f gaining 3.8%, but note there seems to be a pattern of big rises in first week of the month in the FTSE (now 6 months in a row) before the markets reign it back in. However the FTSE has risen 14% over the last 26 weeks, matched precisely by the CSDI p/f.

And two late trades to report, as could not resist a la S_A:
1. sold batch 1 of PFC @ 1.37 for 18% profit - selling 2/7 of holding - lowest cost bit
2. sold batch 3 of RDSB @ 1492p for 11% profit - 40% of holding - the lowest cost bit (cheating again to make profit look good)
Cheers - C

Afternoon folks,

S:
1. Assume you hit target now - well done with PFC. (I'm still holding from 113, 117 and 130). Guess you will make more from your "in and out" trades than would have done by holding.

2. BT - up 9p wow. so have you set a target or maybe multiple targets to slice off and release funds. I have different targets for my GSK batches to release funds (if they reach them naturally)
3. Cricket - what happened ? - we were on level deck at 8.30 post and then they doubled their score only losing one more wkt - ouch. Think we're doomed again Capt Mannering.

T - notice you picked up Fres. Would I do bettter in there than I am doing with CEY ? My one trick pony struggling to find a bottom. Was over £2 in summer and I thought was recovering after early Dec purchase @ 126, followed early Jan @ 133.
Got my 3rd and final buy in at 109 last week. Sitting on 15% loss @ current 105.8 and nervous that gold may still have some way to fall yet before the so-called Commodity super cycle gets to push it up. CEY also have production problem at sukari.

R - Nice work on ITX - I've never heard of them

V - quiet today ?

O - can you buy MCRO from your Amazon store ?

CSDI having good week so far - up 4% on whole p/f - and fingers crossed it does not all go pear shaped in last hour of the week.

I've noticed the market has had very decent rises in 1st week of each month now for 6 months.
Then seems to pull back.
It is a trend I noticed when first started looking at markets in 2004 - sorry to be so much of an anorak.

Have a good weekend all RBB-ers

Hi Rob
Quite a lot of chat on GSK thread if you look there.
IMO, it is simply the best time to buy GSK now, than at any time over last 5 yrs or more.
That does not mean it is safe in any way... shares can ALWAYS go lower.
But for Risk/reward I cannot think of many better in the FTSE100 and HY universe.
GSK is my biggest holding at 17% of p/f and currently down 13%, but not in any rush to sell.
Would like to trim when batches are in profit, with my average cost at 1460 and lowest batch cost 1215.
Not sure if you have plan for sectors etc, but I hope to cover about 10 sectors at 10% of p/f each.
don't worry about your AV trade - a profit is a profit - and that never hurts !
Don't worry too much about the divi either - 80p is planned for this year, but like any divi is never guaranteed.
In fact, if they cut the divi to around 50-60p you would still get 4%+, with a greater chance of SP appreciation.
The divi is expected to be cut next year, but no indication from GSK yet as how much.
I did have a target SP of £16 in mind a couple of months ago, but may reduce that in light of developments.
One to buy and put away for a while me thinks, but WDIK.
Remember my name is C S D I for a very good reason LOL
Cheers & GL

S - Thanks for comments on my p/f.
Because of my limited capital and expensive fees £15 to buy and sell, I am restricted with chances to trade for 1 or 2% on regular basis like you manage. With PFC I am sitting on two nice profits (15% and 11%) and one at break-even but with my previous experience of selling too soon and then missing bigger rises, prefer to keep them running. My 3rd batch is about break-even and if we get a further 10% rise from here would top slice that one, but have a target of 160-170 for 1st batch.
With my HY shares a profit of 10% would be nice, as these batches tend to be more in value.

I find it is best to have a target for most shares even if not always achieved. Like AV today was targetted at £4 when purchased but sold 50% @ 374 and other @ 392, plus 7p divis. Now gone back to SLA looking for my standard 10% around 350p. The more difficult side is knowing when to take a loss or keep holding.

We both have NG which is a slow burner. I am looking at approx 950p as target over next 6-12 months with a divi on top.
BT has been a stinker for me and I sold out at the bottom 109 and 101p- typical CSDI - as no divi. Reinvested in GSK @ 1528 and 1388 and IMB @ 1284 - not too clever eh !
Normally if divi is cancelled I will look to reinvest elsewhere with the inherant risk that the divi cancellation maybe a catalyst to lift the SP - but we pays our money and takes our chances.

Oddly enough my p/f has had a very good day today while the FTSE was falling, in contrast to yesterday when p/f stood still in the face of a 1% FTSE rise. As you say, it may be moving towards time when value (or HY) comes back into favour.
Having followed Stephen Bland's HYP philosophy for years, having patience and doing nothing has rewarded him handsomely. I feel that trading around the ideas helps to repeat profits if successful. Eg SSE bought today at £13 is almost same as my first purhcase in Jan 2018 at 1283p.
I have improved my overall position from trading, compared to buy and hold of all my original SIPP purchases in 2018, my loss would be worse than it is now.
I am sure your multiple trade profits generate more than mine, but suspect your capital allows you to have more pieces of cake than me. ATM I have 25 batches (covering 11 shares) of which 22 are HY and 3 are PFC. I don't like the idea of cutting down the number of shares (now 11 with BATS as part replaced IMB), as that would increase the risk if one went into meltdown. GSK is currently 17% of p/f, IMB 13% and I would like to cut GSK towards 10%, and IMB/BATS from 19% down towards 10% too.
For you it might by a good time to cut the BT strings, but I know that goes against the grain of loss crystalisation. The decision is yours .. LOL
Cheers &GL - C

Morning all.
Sold last half of AV @ 392p for 18% profit over 3 months.
Bought back SLA @ 321p which has similar divi over 21p p.a
Nice reverse trade as AV gone up 19% + 7p divi over 3 months, compare to SLA up 12.5%
Unusual for CSDI to have a little success. Time to settle down and get some more accounts done.
Cheers - C

Excellent news for the RBB today as most hold MCRO.
In typical fashion CSDI missed another boat, but I will balme you guys for giving me a bum steer on that LOL.
I've gone back to one of my old faves today and bought some SSE for long term divi income.
My p/f is getting back towards my original HYP style now, with just the one trading share in PFC.
I am returning to the principles that served me well back in 2018, and loading up with HY shares.
These are not for the short-term at all, so complete contrast to RBB aims.
I am much more comfortable dealing with HY shares and prepared to wait as long as it takes.
This method although slow and less profitable than smart trading, is good enough for me provided I can live long enough to get the benfit of compound divis. It also deliberately diversifies the p/f over multiple sectors.
I just need time now to reduce the overweight sectors of pharma and tobacco, (GSK, IMB & BATS) from 19% & 17% down towards 10%. Preferably by selling into rising SPs, but always prepared to take losses if any share appears to heading in terminal direction, like CLLN did some time ago.
Cheers & GLA - C

Evening peeps
A bit of shuffling with CSDI p/f today
1. sold half my AV at 374p for a 13% profit - results due Thursday and nervous with mainly bad reactions from the City so far this results season.
Plan to repiurchase if SP drops on results, or pick up LGEN as similar operation,
2. sold 2 of my 5 IMB batches at losses (22% & 1%) to move to BATS which is allegedly the superior business.
Taking advantage of some "free commissions" as compensation for a divi not yet been paid that was due 29th January !!
Believe both tobaccos massively undervalued. EPS similar to 4 or 5 years ago, yet SPs down by 50-60% each.
Both still paying hefty divis - just makes no sense when compare to some shares with no profits currently and SPs flying !?
Cheers - C

O - Nice call with WHR. I have SUPR which is supermarkets as opposed to warehouses. Similar divis.

Talking of Rugby - watched a good prog on BBC1 late last night - The Code breakers about Welsh RU players switching to League - quite an eye opener on the prejudices it provoked.
Certainly agree that RL is much faster game than RU. The modern scrum is a mess but with so many serious injuries possible in that scrum contact - with the modern physique and strength of players it is completely different to the old days. Just glad I was a No 10 - although took more than my fair share of "off the ball" hits, despite being only 5ft 6". Would have preferred to play at No 9 and rarely got chance to play there.

How about a League table to compare performances for a laugh ?
I am sure I will prove to be the strongest pundit - holding everyone up from the bottom of the table LOL.
My performance this year based on total p/f values
to 31 Jan = 0.2% loss
to 28 Feb = 3.5% loss YTD (using Dec 31/12/20 as fixed start point)
Cheers - C

Evening peeps
Mr Smokes - sounds fantastic !

England having a great week in sport - NOT ! A test match lost in approx 11 hours and the Rugby team conceded nearly all points directly from indiscipline conceding penalties in point scoring zone repeatedly. Wales took full advantage and deserved to win. Cannot believe they did not give the knock-on after TV ref and replays. Almost as good as poor DRS in 2nd Test. Hey ho - always good for debate.

Weld done to S-A - may need a new monica as S-T for Super Trader.

Take care all - Cheers - C

End of Feb update.
One more trade this week with 3% purhcase of CEY @ 109p

Current Updated P/F: Epic/Sector (% of p/f) Ave cost (C), Curr S P, P/L to date*' Div Yield - Div Recd
1. ASEI- Inc Trust (9.4%) C=324.3p SP=321.5p L= 0.9% DY = 6.4% DR = 0
2. AV - Insure (11.5%) C=336.4p SP=361.9p P=9.6% DY=5.8% DR=7p
3. CEY - Mining (8.9%) C=124.5p SP = 101p L=18.8% DY = 6.4% DR =0
4. GSK - Pharma (17.4%) C=1460p SP=1191p L=15.7% DY=6.7% DR=20p
5. IMB - tobacco (19.5%) C=1868p SP= 1333p L=17.7% DY=10.3% DR=204p
6. NG - Utility (6.4%) C=875p SP=806p L=7.8% DY=6.1% DR=0
7. PFC - Oil serv (12.1%) C=121.2p SP=130.3p P=7.4% DY = 0% DR = 0
8. RDSB - Oil prod (7.7%) C=1977p SP= 1388p L=23.5% DY = 3.4% DR = 125p
9. SUPR - Reit (7.0%) C=107.8p SP=109.5p P=2.9% DY= 5.3% DR = 1.5p
10. Cash (0.1%)
* denotes P/L after divis received/receivable
The P/F has lost 3.2% YTD and lost 9.8% Cumulative (since start 23/1/18)
My target is to beat the FTSE100 which has YTD profit of 0.4% and Cumulative = 16% loss

Despite a very disappointing month losing 3%, on a cumulative basis my loss is better than the FTSE's performance.
Hardly great - could do better - but could be worse !

The current p/f is heavily weighted to out of date/favour sectors/shares with predominantly High yield divis.
Thanks to Alas_Smith I have a number of options to consider to modernise the p/f.
In the meantime I am reluctant to change course and crystallise losses, particularly with CEY, GSK, IMB & RDSB.
Having reduced from 13 shares a few weeks ago, down to 9, it should be time to leave alone for a while to see if these so called value plays start to benefit from the tech/growth switch to value which seems to be the latest market move.

One big question is. How best to deal with current losers and progress to better share selection.
I may be completely wrong but have confidence that the two biggest drains on this p/f of GSK and IMB will recover.
CEY is suffering from falling Gold prices and operational issue at its Sukari Mine.
I am intending to sell parts of GSK and IMB if and when the SP rises above some of the batch costs.

Thanks in advance for any constructive comments - both positive and neagtive.
Cheers - CSDI

Hi again A_S,
Thanks for the comments and link etc.
I've nver looked at podcasts, but have recently stumbled accross some investing clips on Youtube, including an old Peter Lynch presentation which was quite illuminating.
I watch a fair bit of CNBC, after giving up on Bloomberg a few years ago after they stopped quoting the FTSE on a streaming share basis, and stopped some UK weekend programs, I used to watch a fair bit of Tom Hougarrd in the early-mis noughties.
I don't like paying for Tips etc, and use barge pole with all adverts of "systems designed to make profits in hours/days".
I do like Stephen Bland and his HYP philosophy which he has written about for several decades including TMF (as pyad???).
I had never really considered following Brokers/Investment House recommendations as believe they are all heavily biased with opinions often contradicting each other.
I've seen some interesting periods since starting investing in 2004, including getting caught in the Financial Crash, but have very small capital. I have seen posters lose more on one share/trade than I have in total investment.
Also having a full time job limits my time/freedom to be more active with trading, although I am not convinced trading is the best route. My plan aimed to be a long-term investor, but I guess that is becuase short term most of my purchases go pear-shaped. The principle of the HYP is NOT to trade and seek income with a focus on "total portfolio income" and not individual shares which can do well or badly.
I will be posting an udate of my p/f over the weekend, now down to 9 shares only.
Today was a rough day with 3% wiped off my p/f and I imagine some will have done much worse and others who will have profited handsomely if they had their wits about them.
The dilemma of trading or investing is a battle I struggle to handle well, and have probably spent too much time and money trying to be clever in swapping shares within the p/f.
Apologies if all a bit jumbled, but trust makes sense of sort. (lack of edit facility most unhelpful)
Cheers - CSDI

Happy birthday S
I am sure the markets will bestow lots of presents on your special day.
do you have enough storage space for all the Rioja cases
Enjoy
Cheers - C

Hi Alas
Again thanks for your input. You must be wondering what you have to do to train this old dog into some new habits !
My historical focus has been mainly on the HYP strategy which has (or should that be had) done very well based on the "income" results over several decades. The strategy as put forward by Stephen Bland consists of focus on income entirely and the results have been impressive with no need to trade after initial purchase and a consequential gain of capital which is irrelevant to the strategy !
I have failed in the discipline of buying once only (an equal amount for each sector) and have traded poorly after some initial good results. My original p/f allowed for 80-90% of HYP shares and the remainder for fun or trading.
Nothing lasts forever and it is time for me to reconsider and invest appropriately for the future.
It will take time for me to regenerate the p/f and in the meantime I will leave the p/f to run until my targets are reached for the existing shares. As prev mentioned I intend to add some funds in the new tax year and this can be the start of a more modern p/f.
Interesting to note the current crypto-craze and mad casino style hype has even been hitting the tv news - a sure sign something is wrong as stock markets only ever make the news at extreme points.
I have started to look at new shares for me such as AVST and AVV, as well as one or two Asian funds on HL and will need to be comfortable before investing in new sectors.
Please bare with me, as I try to shape up for the 21st century.
At the end of the day I have to decide where to invest and take responsibility for the pension myself. It will need a major shift in thought process to move away from my existing income focus.
Cheers - CSDI

Hi Rob
I was thinking of one of the supermarkets either TSCO after the spec divi and consol or MRW (which was my first ever share bought in July 2004 @ 194p) to add to my p/f when I get chance.
For something stable you may want to consider SUPR - a REIT based on the big supermarkets.
Other than the drop in March last year, the SP stays in a very narrow range and the divi is about 5%.
They regularly issue shares for funding to the IIs to purchase more property, without having any dramatic effect on the SP.
Cheers - CSDI

Evening all,

Just to wish all Brigadiers a happy birthday tomorrow - the anniversary of this thread being set up by S

Cheers & GLA - C

PFC - shoud say "without" SFO closure.
Wish we had edit facility on here