SUPR currently yields 8% and trades at a discount to NAV of 16%.

If u study the chart SUPR traded above its NAV and may do so again when interest rates fall. The NAV rises as rents are received and falls back as dividends are paid. No dividends are included in the chart. It’s been a painful period for holders of SUPR as the price fell but out of adversity there was the opportunity to re-invest the dividends because as the price falls the yield rises. The DRIP has been suspended but dealing costs have also fallen and whilst they remain low it’s not much of a fiscal drag on the portfolio.

The dividends have risen by nearly ten percent over 5 years, so IF the price was 100p in five years time the dividend could be 6.5p, a yield of 8.5%. The price would have to rise substantially or the yield to be cut to consider selling the Trust. Maybe some shares could be sold to book a ‘profit’ but that would depend on the yields available in the market at the time.

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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