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Sorry can’t help there.

Still mostly unloved, maybe better with a higher yield, just in case u buy at the wrong time but as always best to DYOR.

I’ve bought for the portfolio 9961 shares in JLEN for 9k.

I’ve bought for the yield of 8.3%. If I was buying solely as a trade I would have waited to see how the price develops. Next dividend June.

I’ve sold the shares in PHP for a profit, including dividend earned but not received of £394.00.

The portfolio had a previous losing trade with PHP and the total loss is reduced to £17.00

Thursday 9 May

Aurora Investment Trust PLC ex-dividend payment date
Balanced Commercial Property Trust Ltd ex-dividend payment date
Bellevue Healthcare Trust PLC ex-dividend payment date
Chenavari Toro Income Fund Ltd ex-dividend payment date
Custodian Property Income REIT PLC ex-dividend payment date
CVC Income & Growth Ltd EURO ex-dividend payment date
CVC Income & Growth Ltd GBP ex-dividend payment date
Fidelity Special Values PLC ex-dividend payment date
Gresham Technologies PLC ex-dividend payment date
Henderson International Income Trust PLC ex-dividend payment date
Invesco Perpetual UK Smaller Cos Invest Trust PLC ex-dividend payment date
JPMorgan Global Core Real Assets Ltd ex-dividend payment date
Marwyn Value Investors Ltd ex-dividend payment date
Petershill Partners PLC ex-dividend payment date
Picton Property Income Ltd ex-dividend payment date
PRS REIT PLC ex-dividend payment date
Taylor Maritime Investments Ltd ex-dividend payment date

I have started my own similar high income portfolio. I am using DRIP because I am investing in 4x ISA’s (wife, me, 2 x kids), so DRIP seems like the most efficient way to re-invest.

I understand your two rules for the SB Portfolio, I am wondering what your strategy is for selling / re-balancing / top slicing (or what ever the City Wire lot call it !). E.g. say you have £10k invested in a high yielding stock, the capital value goes up to say £13k, at what point would you be selling some capital down ?

Many thanks
RT

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I try to have very roughly the same amount in each position.

A profit is not a profit until it’s banked and it’s not a profit until the underlying Trust is sold because the market can take back all the profit plus extra.

I am guided by one fact, if a Trust yields say ten percent and the price doubles the yield falls to five percent, I would sell and re-invest if I could get a higher yield.

I f when u start to spend your dividends (drawdown), safety of dividends are more important so I might take out the original investment and re-invest into a higher yielder say eight percent and u would be receiving a yield of thirteen percent on your original investment.

Currently dealing costs are low so I would sell some shares if in profit, not including dividends and re-invest. The worst thing that could happen is the Trust’s price continues to go up and u make more money.

Re-investing earned dividends by DRIP, is a great low cost to grow your Snowball as your dividends are re-invested when markets are weak and u get a higher yield on your re-invested cash.

RGL may be trimming their dividend.

LBOW no longer pays a dividend and is a rump position which will be sold when there is news.

PHP 7% yield.

If I was spending my dividends PHP would be a core holding because of their dividend paying history.

Currently the blog is still re-investing to grow the Snowball and as PHP is in profit it may be sold soon and the funds re-invested into a higher yielder.

A reminder of the Snowball rules.

To buy Investment Trusts that pay a dividend, to buy more Investment Trusts that pay a dividend.

Any Trust that changes their dividend policy must be sold even at a loss.

The ten year plan to provide a ‘pension’ of 14-16k on 100k of seed capital and u retain all your capital.

If u could add new funds to your portfolio, the figure will be higher.

Risk/reward

As always it’s best to DYOR and have a portfolio that u are happy with which might mean a lower yield and a longer time scale

How I’d invest my first £9,000 today to target £36,400 a year in passive income

This writer reckons one cheap FTSE 100 dividend stock with good growth prospects could be a solid choice for a long-term passive income portfolio.

Published 5 May

Ben McPoland

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.Read More

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Many people will have started 2024 with a New Year’s Resolution to start investing and get passive income flowing into their bank accounts.

However, sometimes life has other plans and things get in the way. But now is as good a time as any.

The new Stocks and Shares ISA year has just started. This means I can plough up to £20k into stocks and enjoy tax-free returns.

Understandably, there’s a cost-of-living crisis and this has hammered many people’s savings. So 20 grand might be a stretch.

Let’s assume I have £9,000 to start investing then.

While that sum may not seem like it could grow into anything substantial, history shows it can.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

Interest upon interest upon…

Over the last few decades, UK and US stocks taken together have delivered around an 8-10% return year, with dividends reinvested. That’s far higher than I’d get from any cash savings account.

Mind you, it hasn’t been a smooth journey. Investors take fright at almost anything, from the trivial (a small earnings miss by a large company) to the very serious (wars and pandemics).

I say ‘investors’, but actually most of the big trades done today are by algorithms programmed to respond immediately (buy or sell) to the slightest indicator.

The good news is that I don’t need to worry about any of that. I’m playing the long game. And due to the power of compounding, where interest builds upon interest, a single £9,000 investment made today could be worth £77,607 in 25 years (excluding platform fees).

Of course, this is assuming the same 9% historical average rate of return, which isn’t guaranteed. It could be less (or more), and dividends can be cut.

Which shares should I buy?

I would focus on quality and build a portfolio filled with firms that have solid business models, sustainable competitive advantages, fair valuations, and attractive long-term growth prospects.

One FTSE 100 stock I reckon ticks all these boxes is drinks bottler Coca-Cola HBC 

The company has the exclusive rights to manufacture and sell Coca-Cola products across three continents. Coca-Cola’s brands include Fanta, Sprite, and Costa Coffee.

So I’d say that’s a solid business model with competitive advantages right there. Moreover, these brands are still growing in developing and emerging markets as consumers earn more disposable income.

In 2023, the firm’s revenue grew 10.7% year on year to €10.2bn, its third straight year of double-digit growth. The dividend has been growing nicely too, and currently has a starting yield of 3%.

Finally, the stock’s trading at what I consider to be a fair value. The forward price-to-earnings (P/E) ratio is 14, which isn’t expensive. But there’s a reassuringly diverse mix of brands and countries to hopefully offset this.

Passive income

What if I could afford to contribute a little more towards my £9k? Well, if I could put £500 into different shares like Coca-Cola HBC each month, then I’d really fire up the wealth-building process.

All else equal, my portfolio would now be valued at £606,776 after 25 years. At this point, I could be receiving around £36,400 in passive income, from a dividend portfolio yielding just 6%.