Includes ITs, ETFs, and OEICs in addition to the mostly Hyp-ish shares portfolio.
Individual Shares
It's been a year of recovery. The share portfolio size is now 17% above a year ago.
After taking into account the new purchases and (minor) sales that's an improvement of just over 8.5% on this time last year.
Shares Bought
EPIC (should have bought more but had no ISA cash available) Thanks to SKYSHIP for the recommendation; it's doing well.
Shares Topped up
RGL
UKW
LGEN
POLR
Very minor shares sold
MGAM
RSA (taken over)
Holdings now
Value Div Fcst Share Epic Sector %Total %Total Yield Sun Life Financial Inc. SLF Life Insurance 14.04% 5.90% 2.30% Legal and General Group LGEN Life Insurance 9.48% 10.92% 6.30% National Grid NG Multiutilities. 6.35% 5.92% 5.10% GlaxoSmithKline GSK Pharmaceuticals & Biotechnology 5.89% 5.49% 5.10% Aviva AV Life Insurance 5.80% 6.04% 5.70% Regional REIT Limited RGL REIT - Property - UK Commercial 5.70% 7.50% 7.20% Rio Tinto RIO Mining. 5.57% 17.80% 17.50% Royal Dutch Shell 'B' RDSB Oil & Gas Producers 4.68% 3.42% 4.00% Taylor Wimpey TW Household Goods & Home Construction 4.43% 4.37% 5.40% Pan African Resources PAF Gold Mining 3.93% 2.44% 3.40% Polar Capital Holdings POLR General Financial 3.74% 3.42% 5.00% HSBC Holdings HSBA Banks 3.43% 2.57% 4.10% BAE Systems BA Aerospace & Defence 2.98% 2.40% 4.40% British Land Company BLND Retail REITs 2.57% 1.55% 3.30% Imperial Brands IMB Tobacco 2.42% 3.89% 8.80% Schroders (Non-Voting) SDRC Financial Services 2.32% 1.99% 4.70% Lloyds Banking Group LLOY Banks 2.31% 1.99% 4.70% Greencoat UK Wind UKW IF - Renewable Energy Infrastructure 2.30% 2.27% 5.40% SSE SSE Electricity 1.49% 1.41% 5.20% Chesnara CSN Life Insurance 1.24% 1.77% 7.80% Ediston Property Investment Co EPIC REIT - Property - UK Commercial 1.13% 1.29% 6.28% Vodafone Group VOD Mobile Telecommunications 1.10% 1.37% 6.80% Berkeley Group Holdings (The) BKG Household Goods & Home Construction 1.07% 1.33% 6.80% MPAC MPAC Engineering 0.93% 0.00% 0.00% Vistry Group VTY Household Goods & Home Construction 0.93% 0.92% 5.40% Unilever ULVR Food Producers 0.71% 0.49% 3.80% Marston's MARS Travel & Leisure 0.70% 0.01% 0.10% Moneysupermarket.com Group MONY Media. 0.58% 0.59% 5.50% Majestic Wine WINE Retailers 0.54% 0.00% 0.00% Petrofac Ltd. PFC "Oil Equipment, Services & Distribution" 0.52% 0.00% 0.00% Greencore Group GNC Food Producers 0.34% 0.01% 0.10% Galliford Try GFRD Construction & Materials 0.24% 0.11% 2.50% Essentra ESNT Support Services 0.21% 0.07% 1.80% Cairn Energy CNE Oil & Gas Producers 0.20% 0.70% 19.40% Centrica CNA "Gas, Water & Multiutilities" 0.08% 0.04% 2.90% Hyve Group HYVE Media 0.03% 0.00% 0.00% Running Yield: 5.47%
Value Div
Sector %Total %Total
Life Insurance 30.56% 24.63%
REIT - Property - UK Commercial 6.82% 8.79%
Household Goods & Home Construction 6.43% 6.62%
Multiutilities. 6.35% 5.92%
Pharmaceuticals & Biotechnology 5.89% 5.49%
Banks 5.74% 4.56%
Mining. 5.57% 17.80%
Oil & Gas Producers 4.88% 4.13%
Gold Mining 3.93% 2.44%
General Financial 3.74% 3.42%
Aerospace & Defence 2.98% 2.40%
Retail REITs 2.57% 1.55%
Tobacco 2.42% 3.89%
Financial Services 2.32% 1.99%
IF - Renewable Energy Infrastructure 2.30% 2.27%
Electricity 1.49% 1.41%
Mobile Telecommunications 1.10% 1.37%
Food Producers 1.06% 0.50%
Engineering 0.93% 0.00%
Travel & Leisure 0.70% 0.01%
Media. 0.58% 0.59%
Retailers 0.54% 0.00%
"Oil Equipment, Services & Distribution" 0.52% 0.00%
Construction & Materials 0.24% 0.11%
Support Services 0.21% 0.07%
"Gas, Water & Multiutilities" 0.08% 0.04%
Media 0.03% 0.00%
Note: 1...'Value %Total' is the portfolio value of the share as a % of the total portfolio
2...'Div %Total' is the expected dividend of the share based on forecast yield
as a % of the total portfolio expected dividend
72% of it is in ISA'sDue to the remaining minnows the median holding is just around 3k but the mean holding is around 4.5k.
Dividends
Dividends in 2021 recovered to £7,956 from the Covid-savaged £5,336 of 2020, and about £500 more than the 2019 figure. Projection for 2022 is just over £9000. So dispite lower "restored" amounts from the likes Shell, HSBC and Lloyds, things are looking pretty decent.
Overall Capital Performance and Total Return
Winners
Disregarding the ongoing success of Canadian SLF - far and away my best share and pulling the whole portfolio into the black on capital (just a pity about the witholding tax on the divis), the UK shares that have done best overall (with comment on this year) have been:
LGEN recovering nicely this year (now back above 300p) and still churning out dividends.
NG ditto
POLR has been climbing well (though dropped back a little recently) and has a good yield.
RIO doing very well overall but has had a rollercoaster year. Throwing off massive dividends.
PAF also doing well overall but the share price has wobbled with the gold price this year. With a very low P/E, record output, and now pretty much debt-free it should be much higher than the current 17.5p having been 25.5p a year ago.
GSK has done well on total return despite insipid capital performance, but who knows what will happen after the split.
Losers, oddities, and serial disappointers
Of the big capital losers I indentified last year some have made some sort of recovery but still have a long way to go - RDSB, HSBC.
IMB have pretty much stood still after initially recovering well from the Mar 21 plunge.
VOD and PFC have dropped further, despite the latter finally coming out of it's SFO enquiry with a relatively low fine. I doubt either of them will see much of a recovery this year, though PFC do seem to be trying.
TW have had a yo-yo year but are now only just in the red on capital and have had plenty of dividends to boost total return overall, even if this year's aren't quite back to normal.
MPAC are another roller coaster. Depite dropping from a high in Sept of 620p to the current 515p I'm still 330% up on them - having at one point despaired of selling at a 50% loss!
Not sure what's going on at SDRC. This normally steady-eddie has recently been dropping rather fast.
LLOY have finally dragged themselves back above 50p but I'm not holding my breath for an onward surge because we've been here before.
Aviva have crossed and recrossed the 400p mark many times in the last year. Again they're now at 430p so my capital loss is down below £1k but they should be doing so much better. Fortunately in their case there have been plenty of dividends to take the total return well into positive figures.
Proper Steady-Eddies
So far my fairly recent purchases of EPIC and UKW both seem to be doing well and fulfilling the much-desired HYP status of both capital gain and steadily rising income.
RGL show promise in that area too, despite taking longer than hoped to recover from the Covid crash. I'm now almost back to break-even with very good dividends producing the total return.
ETFs
Having noticed that my 2017 purchase had been doing well (the only 2017 purchase that has!) I added some more in June 2021, almost doubling the holding. So far that addition has risen 8½% while the 2017 holding is 49% up. Makes you wonder about buying individual shares....
ITs
This is mostly a mixture of growth and income, with a leaning towards global and asian. Started investing in 2017/18.
Value Div Fcst Share Epic Sector %Total %Total Yield Henderson Far East Income Ltd. HFEL IT - Asia Pacific Income 22.11% 46.21% 7.90% Murray International Trust MYI IT - Global Equity Income 4.09% 5.08% 4.70% F and C Investment Trust FCIT IT - Global. 15.61% 5.37% 1.30% Merchants Trust MRCH IT - UK Equity Income 9.76% 12.65% 4.90% BlackRock Sustainable American BRSA IT - North America 4.95% 5.64% 4.30% JPMorgan Global Growth & Incom JGGI IT - Global Equity Income 22.02% 16.31% 2.80% JPMorgan Japanese Inv Trust JFJ IT - Japan. 3.06% 0.65% 0.80% TR Property Inv Trust TRY IT - Property Securities 7.13% 5.41% 2.87% BlackRock Greater Europe Inv T BRGE IT - Europe. 11.28% 2.69% 0.90% Running Yield: 3.78%
Value Div
Sector %Total %Total
IT - Asia Pacific Income 22.11% 46.21%
IT - Global Equity Income 26.11% 21.39%
IT - Global. 15.61% 5.37%
IT - UK Equity Income 9.76% 12.65%
IT - North America 4.95% 5.64%
IT - Japan. 3.06% 0.65%
IT - Property Securities 7.13% 5.41%
IT - Europe. 11.28% 2.69%
Made a few purchases here in the last year, with variable results.A couple of top-ups of JGGI have gained about 18% and 12%. It's my best IT performer - given me a TR of almost 33% overall.
I bought TRY in April and topped up in Sept. 17% up on the former and level on the latter.
Bought BRGE in April, July, and Nov, giving 12% and 4% on the first two, but a drop in Dec has me 8% down on the last one.
A small venture into pure growth with JFJ has been less successful as the Japanese market has wobbled. Down 12%.
Finally a top-up of HFEL has seen them drop 7% and I'm currently rethinking my holding there. It's a nice dividend but it has come at a cost over the last year or so.
My second-best performer is FCIT - the original IT. Bought in 2018 and 2020 it has given me 35% total return (higher than JGGI but held for longer). A top-up there is in the offing.
OEICs
Both my OEICs have recovered well from the Covid plunge and have gone on to record highs. The most recent one is showing a 22% gain since 2018, while the older one is showing a 70% gain since 2012.
Pensions
I started drawing my state pension in April. So far I haven't touched my personal pensions and in fact am still adding small monthly amounts to one of them. I'm now semi-retired but still doing some consultancy work for my two oldest clients.
Property
With my father's death in mid 2020 I inherited his old house which has been rented out for the last few years, so I now have the income from that, while the value seems to have appreciated considerably in the last few years.
The sheltered flat I had bought him I sold for a small loss. Hanging on for price recovery had to be balanced with council tax and the high maintenance charges, and getting out quickly proved more sensible.
My own house in Edinburgh remains in the care of my godson while I'm out here in Slovenia. How much it has increased in value is something I have yet to investigate. Whether I sell one of them remains to be decided and may depend on my recovery from a couple of injuries I sustained last year while clearing snow, and on how succesful my efforts at adding insulation to my picturesque but chilly house here prove to be.
Cash
As a result of the flat sale and some inheritance I'm a bit heavy in cash at the moment but I'll need a new car (probably either electric or hybrid) in the next year or so and my house renovations will take some of it too. If inflation continues to be a problem then I'll have to find a better home for some of it.
Property 39% Cash 16.5% Pension pot 15% Shares 13.5% OEICs 12% ITs and ETFs 4%Overall conclusion
Considering the crazy circumstances it's been a pretty good year. Oil, banks, and house builders are all recovering so there's been some self-rebalancing. Even GSK seems to be improving, though what happens after the split remains to be seen.
I'm now on the point of starting to draw down rather than accumulate, so the next year will be one of re-evaluating my approach. I've tended to be fairly frugal and have ended up with rather more than I had expected, and should maybe start thinking about spending more on things that are important to me while it still matters.
As always many thanks to everyone who's responded to me here and made their knowledge available to everyone - it's all been considered carefuly even if not followed. I hope these summaries give some useful pointers to what can go right or wrong in investing for those at the start of their journey.
cheers
Spiderbill