Sunday, 16 December 2012

November Income Update


November was an excellent month for dividends in the Team Dave fund of fun-ness portfolio, with £69.91 of free money being dropped back into the account from the following shares:


MERCHANTS TRUST
ISHARES II PLC
SCHRODER REAL EST
RSA INSURANCE
HENDERSON INTL INC TRST
CITY MERCH HI YLD
ECOFIN WATER&POWER
LLOYDS BANKING GP 9% PREF


At the moment all dividends are reinvested back in the same product, something I'm starting to doubt is a sensible idea. Probably should turn that generic setting off and let the money pool up and then choose what is best to buy...although of course that will incur larger trading costs than just reinvesting the dividend.

I'm running a bit of cash in the fund at the moment as I've bailed out on Intel after having a crisis of confidence in technology, or at least Intel's ability to battle against Arm, AMD, Imagination, etc. Unless they sort out mobile in a hurry they're likely to face the same sort of long decline that newspapers are in. Plus my new low cost execution broker decided they would start putting up the charges on foreign exchange stocks next month so better to escape now, this side of the so-called 'FISCAL CLIFF' *warning - alert, alert, klaxons*. Does anyone really think a few tiny tax increases and a little bit less government spending in the US will actually do anything? None of their TARP packages changed anything previously and the only thing keeping it all together is their QE infinity currently going on. If that stops and they haven't sorted themselves out, then we'll have a fiscal grand canyon.

In other news, I see Lamprell is finally starting to come good again. It's had a good 30% rise since talking about in a post in early November. I didn't have the time to watch it and find a good entry point but it shows that at least I'm starting to see the right sort of opportunities.