Monthly income

JohnRo

eskbanker said:

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Thanks very much, I should have realised. Hopefully the update post makes a little more sense now.

Apodemus

JohnRo,  I think I may have bought your IBT shares!  They've not done a lot since mid-November, so I think you made a good decision there!  I'm happy, though, with the yield and the growth potential, so they will be a long-term hold in my SIPP.

JohnRo

Apodemus said:

JohnRo,  I think I may have bought your IBT shares!  They've not done a lot since mid-November, so I think you made a good decision there!  I'm happy, though, with the yield and the growth potential, so they will be a long-term hold in my SIPP.

I'm a long term holder so will in all probability end up buying more IBT at what will almost certainly be a higher price at some point in the years ahead. I just have to hope the market timing, which I'm not a big fan of, and the allocation rebalancing, which I am, pays off in the meantime.

green_man

Good update John, Yes turbulent year.  My portfolio is up about 5% on the year in 2020 having been down nearly 30% at one point.  I’ve done no trades and plan starting drawing cash at £500/month from next month. My total divs for last year were £7600, so £500/month is comfortably supported allowing for maybe a couple of reduced divs this year.

PMGR has been great for me. In fact it may have been this thread that got me on to them, I bought after you so missed some of the drop, but it did keep going down and I bought more.  Currently I’m +15% on capital value but I’m getting over £1200/year divs from them.

JohnRo

green_man said:

PMGR has been great for me. In fact it may have been this thread that got me on to them, I bought after you so missed some of the drop, but it did keep going down and I bought more.  Currently I’m +15% on capital value but I’m getting over £1200/year divs from them.

This prompted me to have a look back at PMGR and reminded me how it tanked soon after I purchased it. Actually I went through a year or two of having to endure what seemed like 10-20% drops within days of purchasing just about any of those early investments, it got quite unsettling as a new venture but I just kept ploughing through it with a do your worst attitude.

I've posted this image to give a sense of what I mean. Included BRWM as I topped both up in early 2016, at that point BRWM was down around 66% as I recall and PMGR (PEW back then) wasn't doing much better. It just shows how a bad entry point can set back progress. I've missed a couple of good opportunities to top up since then but I'm following the spread sheet allocation priorities which haven't flagged up PMGR yet.