Patient Portfolio Update – September 2018

patient portfolio

It’s a long road to big money.

Patience, persistence and perspiration make an unbeatable combination for success. -Napoleon Hill

Milestones are exciting to aim for but more exciting to pass.

This month I passed £100 of passive income for the very first time!

The Patient Portfolio Update details how I build wealth, without trying to rush things along.

As ever, let’s begin by taking a look at that hair-raising passive income! Continue reading “Patient Portfolio Update – September 2018”

Patient Portfolio Update – August 18

patient portfolio

Generally, August comes after July. So here we are, the Patient Portfolio Update for August.

The Patient Portfolio Update details how I build wealth, without trying to rush things along.

As ever, let’s begin by taking a look at that adorable passive income!

Passive income

Source

Amount

Dividends

£10.53

Property Partner

£11.09

Rate Setter

£2.33

Wise Alpha

£3.80

Grand Total

£27.75

This compares favourably to last years result of £8.25. In just 1 year income has more than trebled, that’s the power of regular buying and reinvesting income.

Dividends came in from Apple (£2.92) and National Grid (£7.61). As I’ve switched over from individual stocks to index investing, there won’t be substantial growth in income from such companies, unfortunately.

To counter that, I’ll be buying Vanguards FTSE 100 ETF (VUKE). It has a respectable dividend of 3.91% paid quarterly.

Portfolio Pie

portfolio pie

A new (yet small) addition to the pie; Gold!

Using the Glint pay app,  gold can be bought at a fee of just 0.5%. It’s held remotely so gold reserves can be bought or sold instantly. Glint pay recently had a successful crowd-raise on Crowdcube where they raised over £2m (I invested).

Now, I’m not a big fan of gold (unproductive asset alert!), but I am a fan of diversification. I want to slowly build a holding of 2 or 3% in gold.

Yes, I’m aware that Warren Buffett wouldn’t be impressed. However, Ray Dalio would approve. Realistically, adding gold to the Patient Portfolio will have little overall impact, but I hope it will shine brightly when global stocks face dark days.

£22,414.72 (up 0.58% on last month!) is the closing figure for August.

Thanks for stopping by! I hope you & your portfolio had a great month.

Patient Portfolio Update – May 2018

patient portfolio

May is done and dusted which means it’s time to have a look at the Patient Portfolio (previously The Wealth Building & Income Update).

Let’s see that fantastic passive income:

Passive income

Source

Amount

Dividends

£32.93

Bank

£3.00

Property Partner

£9.25

Rate Setter

£1.74

Wise Alpha

£4.44

Grand Total

£51.08

 

Dividends came in from Apple (£2.75) & Lloyd’s Bank (£30.18). This was slightly less than last year, which included a special dividend payment from Lloyd’s bank.

By automatically reinvesting dividends in May, I was able to pick up 46 extra shares of Lloyd’s bank which takes the total to 1518. I’m convinced that this stock reaches £1 per share… eventually.

Property Partner

Property Partner is a platform I’ve written about and endorsed before. It brings deep sorrow to have to write of its decline. To be brief, the platform has lost its appeal for the following reasons:

  • Increased minimum buy from £50 to £250
  • Announced the discontinuation of the auto-invest feature which allowed you to side-step the above minimum whilst ensuring 5% interest on unallocated funds!
  •  Suspended dividends on 3 properties (1 due to an unforeseen rise in costs & the other 2 because they want to sell the properties & realise a capital gain)

These issues make it impossible to regularly contribute to the platform. However, I can still reinvest the income earned on the platform.

It’s always disappointing when a platform makes changes and is no longer as attractive as before. On the flip side though, this means I have more funds available to add to my Vanguard account!

The Patient Portfolio

patient portfolio

As shown, there was steady growth between the end of April & the end of May.  A notable buy is £90 (EIS eligible) spent on shares in Freetrade (I wrote about the Freetrade app here).  The Freetrade funding campaign was able to raise 500k in just 12 minutes! Insane.

Equally notable, is that I’ve opened an Innovative Finance ISA with Rate Setter which will mean even more of my portfolio free from taxation! In case you’re not familiar with Rate Setter, It’s a p2p lending platform which offers great diversification away from stocks etc.

Portfolio Pie

Heres your serving of delicious Portfolio Pie:

patient portfolio

I’m enjoying the diversification but the allocations could be better, right?

That wraps up another month, I hope your portfolio smashed it in May. Thanks for stopping by!

 

 

Patient Portfolio Update – April 2018

patient portfolio

Welcome to another insightful edition of the  Patient Portfolio Update (previously the Wealth Building & Income Update). If you saw the post on my buys in April, you’ll know that I’ve joined Team Index.

“A low-cost fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.” (Warren Buffett to John Bogle, from The Little Book of Common Sense Investing)

Does this mean all the different and exciting components of the Patient Portfolio are now a thing of the past? Continue reading “Patient Portfolio Update – April 2018”