Monthly income

TCA

BRWM has a total return objective so despite them maintaining the 14p final dividend, I'm not sure what'll happen to the dividend going forwards. The London Mining royalty contract was collateral for a US dollar loan, so no idea what happens with that either. The silence from managers Hambro and Raw has been deafening.

JohnRo

Yeah, covered themselves in glory, they haven't, to put it mildly. Problem at this stage is the lack of income alternatives in that sector, without getting into individual mining company shares, will just keep monitoring it.

A timely reminder that diversity is key.

JohnRo

Day 496

A small top up of AAIF made on 22nd, book cost £513

Also made the decision to up the property specific allocation to 8% overall, been watching Picton for months but decided now to go for SLI, it pulls the portfolio more into shape as a diversified yield income generator imho. Will just have to hold my nose while paying the premium.

This will be funded by trimming LWI which along with MRC was originally intended to be an income proxy via growth rather than a straight yield play and that's not really working in the current climate. Neither seem to be doing anything that EDIN doesn't do better, at least not in the short time I've held them.

I will probably trim the number of UK specific trusts and up the allocation to those left, once a few years have passed and there's a decent history to look at and compare.

I'm still unsure about PEW so close to the potential wind up but the masochist in me wants to go for it anyway and see what happens.

Any views on property welcome.

JohnRo

Day 526

Valuations have mostly recovered from the September/October blood bath, which I'm finding extremely irritating given the opportunities to reduce the investment costs that have now vanished in most cases.

Still dithering on whether to include PEW and/or BRCI, probably add them at some point during 2015.

Here's some pictures for those interested.

TCA

JohnRo wrote: »

Valuations have mostly recovered from the September/October blood bath, which I'm finding extremely irritating given the opportunities to reduce the investment costs that have now vanished in most cases.

Still dithering on whether to include PEW and/or BRCI, probably add them at some point during 2015.

I'm with you on the dips in October John. I was ready to buy several different ITs (in my usual lump sums), then allowed myself to be swayed by comments on here that a bigger correction was coming. It will come of course, it's just a question of when. I may still benefit but it's just prolonging the purchase process of where I want to get to. Just can't help myself trying to time the market, foolish as that may be.

Re BRCI - I'm still watching it too but slightly put off by the fall in oil prices, despite the fact I appreciate that valuations of both Chevron and Exxon (2 of its 3 largest holdings) are not entirely dependent on oil prices. Although both of these had big share price drops on Friday and seem to be heading south back to where they slid in October. BRCI is on about a 3.5% premium again, which also puts me off.

JohnRo

I've resigned myself to accepting my ineptitude at, amongst other things, market timing and put my faith in the three or four quarterly rebalancing trades with additional capital to eventually and hopefully claw back at least some of the valuation potential lost due to shorter term negative movements while boosting income regardless.

I plan to be around for some time so any substantial falls will hopefully become part of the noise and lost in the longer term trend.

That said there is a part of me sorely tempted to "risk" being out of the market but getting back in can prove tricky unless there's a massive, catastrophic crash which I'm not convinced will happen in the way many predict, and sitting on any more cash than absolutely necessary just doesn't appeal to me at all right now.

So on that basis I've decided, for richer or poorer, to use the spreadsheet and allow the relevant ex-dividend dates to do all the timing for me.

freeooks94

this year i save 35 % of my income

badger09

freeooks94 wrote: »

this year i save 35 % of my income

Well done.

Now, do you have a contribution to make to this thread, or a question to ask?

Or perhaps you just want to make several posts so that you can start posting links :cool:

TCA

JohnRo wrote: »

Still dithering on whether to include PEW and/or BRCI, probably add them at some point during 2015.

BRCI has taken a mauling today. Down a chunky 4% as I type. Lots of red across the board today but commodities and energy stocks taking a particular bashing.

TCA

BRCI at 88p is beginning to tempt me, although oil prices seem like they might have a bit further to fall yet. Trying to convince myself it's a decent entry point for a long-term buy-hold. Trigger finger is getting itchy again.