Monthly income

george4064

Which P2P platform(s) do you use?

JohnRo

SS and Moneything. Mostly with SS at this time.

JohnRo

DAY 1226 - cont'd

Here's the images of how things are going.

The one that hurts is the fees chart shooting the lights out, which wasn't helped by me miscounting how many trades I've done in one of the accounts since April (it was five instead of the required six) and getting slapped with a platform charge at the start of October on top of the five trade commissions.

Whether I'll ever learn not to be so damned stupid in future remains to be seen, anyway here's some pictures.











that's all for now folks. Hope some find it mildly amusing if not exactly interesting.

Dird

Much change in valuation from Aug?

JohnRo

I'm not sure what you're asking really, the changes are detailed above.

Overall the simple answer is yes, a great deal, as can be seen.

The future projections are currently being skewed by a much higher yield percentage value as a result of the disposals reducing portfolio size.

The dividend stream lag means all the income numbers in the spreadsheet are still, as yet, unaffected and so relate to a much larger, pre sale portfolio.

As I repurchase the trusts, portfolio size will increase again and the dividend stream numbers, maintained, will once again become a smaller percentage.

This lag effect is showing in all the percentage charts, the costs chart probably shows it the most, amplified by some additional costs. The unit value and income charts are the ones unaffected by the changes since they're not percentage based.

You can see this anomaly by comparing the projection curves in the last post with those in the image further up. The fixed rate curves in the last image are projecting a higher outcome now, with a reduced portfolio size, than they were with the much larger amount prior to these changes in the image further up the page.

That's obviously bonkers, it's just a snapshot anomaly and won't be the case as time rolls on because if I didn't repurchase/restore the trusts sold then the income they have been and will continue to produce (currently included even though they're not actually there) would disappear and the net income stream quickly drop in value and percentage terms.

Over time the current, highly skewed yield figures would quickly revert to the ~4% level on a much smaller total value.

Dird

JohnRo wrote: »

I'm not sure what you're asking really

I don't pay attention to all those squiggly lines.
In August you had this: http://i.imgur.com/maAn6G7.jpg
You didn't post one this month

Edit: Also it says your average charges are currently 0.39%...if you plan to keep switching funds then you might want to switch for Cavendish for 0.25%

JohnRo

I don't have any funds.

Here are the numbers as they stand currently

JohnRo

DAY 1290 - update for those interested.

tl;dr - CSD/TDDI transfer complete, out of market 'losses', Japanese IT addition.

The transfer from CSD to TDDI for the parts of the portfolio that benefit from the cheaper regular investment scheme was painless and completed within a fortnight bar a couple of trailing dividend payouts, which followed soon after. All went smoothly and both platforms impressed.

Less smooth was the bit I did... a shift of some other trusts not available with TD regular investing, from one CSD ISA to another CSD ISA which required some time out of the market, unfortunately far too much time in a couple of cases, which meant a missed opportunity to make some decent capital gains. BRWM I'm looking at you. The sale and repurchase numbers are shown below.



Recent performance has helped to soften the blow, a few gained slightly from the switchover and adding BRNA has certainly helped to compensate the virtual losses somewhat. At least the sales and repurchases have also served a rebalance function since some of the ITs involved where out by quite a margin. All in all it doesn't appear to have done a huge amount of damage to the bottom line and the dividend income stream hasn't been interrupted.

Back in the game at last, what little sanity there is left, restored.



As shown CCJI is the new addition planned next. I've kept looking for a suitable Jap Income stream and been watching this for a while. I'm willing to give this relatively new and untested trust a slot, it feels like a bit of a punt but everything has to start somewhere, as long as it doesn't go belly up or slash the dividend it'll be fine and if it does end badly I'll take it on the chin.

BEE have a tender offer on up to 10% of what's held mid Jan, no idea how best to play that though. I've assumed the discount would narrow towards the tender date but it doesn't seem to be doing. A 2.5% below NAV tender offers an easy gain at current levels but on the amounts I hold I'm not sure it's worth it. I want to hold BEE anyway but may take it up if the NAV and price keep rising, a profitable rebalance if nothing else. What happens to the SP afterwards is the uncertainty.

Anyway here's a few squiggly lines showing how the shifting and shuffling has panned out so far.








That's all folks, hope everyone has a happy new year, next update probably around April.

JohnRo

I've been making spread sheet dividend data adjustments to take account of FX costs and noticed the following.



I'm going to contact CSD but I'm just wondering before I do if there's anything obvious I'm over looking here or whether anyone has an explanation why August is expensive?

Does anyone else hold EAT.L and see a similar pattern with their FX costs? I wonder if it's an internal charge of some sort, seems very odd.

I've pulled the historic FX price data from uk.investing.com which seems to tally with other sources I've briefly looked at.

Linton

JohnRo wrote: »

I've been making spread sheet dividend data adjustments to take account of FX costs and noticed the following.



I'm going to contact CSD but I'm just wondering before I do if there's anything obvious I'm over looking here or whether anyone has an explanation why August is expensive?

Does anyone else hold EAT.L and see a similar pattern with their FX costs? I wonder if it's an internal charge of some sort, seems very odd.

I've pulled the historic FX price data from uk.investing.com which seems to tally with other sources I've briefly looked at.

I hold EAT.L with iii and received 0.263046p/share, 0.00001p/share less than you. Presumably it depends on exactly when the money was converted as exchange rates have been a little volatile.