A rare day working from home affords me time to complete some portfolio admin and provide an update on progress, which I'm moving here (from https://www.lemonfool.co.uk/viewtopic.php?f=31&t=2123) alongside others for future reference. I will recap and adjust some of what was written previously but in future I will be briefer and publish just updates to the tables.
Objective (Building Phase)
I am aiming to grow my SIPP portfolio income by +7.2% per annum for the next 14 years through reinvestment of dividends. +7.2% was a semi-arbitrary choice inspired by the "rule of 72": ie. to double the income each decade. In practice it is intended to aim for the ballpark of "roughly what a higher rate tax payer earns" in retirement which would be quite satisfactory.
This table records actual vs. target portfolio income per unit. Following a top up of REA Holdings (RE.B) today, my "target date" for the year is reached, ie. when projected income for the year exceeds the target without needing further top ups and assuming that dividends remaining to be announced are not cut from the previous year's level. I should clarify which I didn't previously that all figures are stated using a "12 month trailing yield" convention.
Reaching my "target date" means I am now accumulating cash and monitoring company announcements for the rest of the year. I do not need to tinker with individual holdings or put more cash at risk while I remain on target. I am waiting for dividend announcements from Unilever, Whitbread, Sage, Centrica, Vodafone, SSE within the next two months so it is not unreasonable to anticipate that the actual income will finish higher at the end of the year, as it has done in all previous years.
Portfolio
Previously I published an amalgamated view of 1 SIPP, 2 ISAs, and VCT certificates which feels incongruous with a table that measures only SIPP income, so in future this table shows the position of only my SIPP holdings with capital and income splits.
I continue to make irregular top ups of ISA and (when possible) VCT holdings, so my broad diversification rules apply across all as well as the SIPP and ISA wrappers individually.
No more than 20 holdings.
No more than 10% capital or income allocated to one share, sector or subsector.
No more than 20% capital or income allocated to one industry.
Unless anything interesting or unexpected happens, my next update here will be in January. In the meantime, time to switch off and look forward to the summer (and not fret about Carillion!)
![Wink ;)](./images/smilies/icon_e_wink.gif)
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