Seems worthy of an interim update as of the 20 May 2013.
There's also still a few ex. dividends in the pipeline that are due to be paid but fair to say even from the depths of the credit crunch, I wasn't expecting to be in this position at this stage particularly when there is still so much pessimism about amidst a hit and miss economic recovery.
Its also fair to say that not many experts would have been of the view that recovery would take so long preferring to look just beyond the next bend to the end of the year or following one.
But, from the 2008-2009 credit crunch we are now in 2013.
Banking has still not recovered (we're told), but somehow continues to pay bonuses reaped from the artificial cash flow that has come from taxpayers coffers, "and" the Bank of England's continued assault on the nations savings.
The same old warnings are still being dished out, apparently there is a cliff to come for interest only mortgage holders with no means to pay off the capital.
Its an old chestnut that one and can still be traced back to the advice given at the time the mortgage was taken out.
Forgive me if I'm wrong, but I find it even more concerning that, it is these very borrowers that have/are benefitting from the Bank of England's policies to the detriment of others more prudent.
The dollar has also settled into a stronger holding position against sterling and currently sits in the low $1.50's to £1.
It was Dec. 2010 when I started writing this blog which coincided with my annual review for the year 2010 at the time and it now seems an age away, but also seems to have passed in the blink of an eye.
So despite setting out to be patient and taking a longer term view, things have motored along very nicely anyway.
If I play around with the rule of 72 eg. 72/ 3.5 (years) suggests an average compounded return of 20.57% per annum for the (near) 3.5 year period.
And the full effect of reinvesting dividends can be seen in the charts below where one might still suggest (as many do), that visually the FTSE100 has traded sideways, but has in fact delivered 24.81% without dividends.
However, my portfolio's 100% gain with dividends reinvested looks significantly better.
Anyway, those observations aside, I'm more than pleased with the progress made so far and look forward to potentially better times when an economic recovery is in full swing.
| Merchant Adventurer's Index | ||||||||
| Forecast | 1 month | YTD | 40 mth | |||||
| Price | % holding | Div. yield | % gain | % gain | % gain | |||
| R-R | 1197.00p | 36.14% | 1.81% | 5.93% | 37.03% | 147.57% | ||
| National Grid | 847.50p | 17.03% | 4.84% | 10.78% | 20.55% | 56.15% | ||
| Aviva | 339.40p | 9.10% | 4.81% | 14.58% | -9.01% | 1.98% | ||
| BP | 472.55p | 4.72% | 4.90% | 2.75% | 11.24% | 8.03% | ||
| Apple ** | $442.87 | 4.65% | 2.07% | -0.46% | -12.02% | 63.10% | ||
| William Hill | 450.00p | 4.68% | 2.59% | 29.59% | 57.91% | 144.02% | ||
| IG Group | 586.00p | 4.82% | 3.77% | 9.74% | 30.22% | 65.49% | ||
| General Electric ** | $23.53 | 2.29% | 2.78% | 1.53% | 18.70% | 57.52% | ||
| Centrica | 393.10p | 2.25% | 4.41% | 6.91% | 17.84% | 24.47% | ||
| Microsoft ** | $34.94 | 2.15% | 2.20% | 21.50% | 38.41% | 48.23% | ||
| SSE | 1646.00p | 2.07% | 5.13% | 10.92% | 16.08% | 43.02% | ||
| Vodafone | 197.60p | 1.75% | 5.24% | 5.89% | 27.94% | 22.63% | ||
| BAE Systems | 413.00p | 1.88% | 4.94% | 4.74% | 22.59% | 29.37% | ||
| Morrisons | 289.30p | 1.66% | 4.40% | 4.74% | 10.00% | 14.33% | ||
| Imperial Tobacco | 2334.00p | 1.48% | 4.97% | 1.77% | 1.77% | 1.77% | ||
| BG Group | 1232.00p | 1.64% | 1.45% | 9.12% | 21.68% | 13.02% | ||
| Tesco | 383.10p | 1.40% | 3.96% | 0.41% | 14.02% | -3.97% | ||
| Cash | 0.27% | 0.00% | ||||||
| 100.00% | 3.27% | |||||||
| 1 Month | YTD | 40 mth | ||||||
| Virtual Portfolio gain (incl. Dividends) | ||||||||
| - 1 month gain 1893.55 - | 2004.76 | 5.87% | ||||||
| - YTD gain 1644.62 - | 2004.76 | 21.90% | ||||||
| - 28 month gain 1264.20 - | 2004.76 | |||||||
| - 40 month gain 1000.00 - | 2004.76 | 100.48% | ||||||
| FTSE gain (excl. Dividends) | ||||||||
| - 1 month gain 6430.12 - | 6755.63 | 5.06% | ||||||
| - YTD gain 5897.81 - | 6755.63 | 14.54% | ||||||
| - 28 month gain 5971.01 - | 6755.63 | |||||||
| - 40 month gain 5412.88 - | 6755.63 | 24.81% | ||||||
| Transactions: | ||||||||
| 17/05/2013 | Div | Aviva @ 9p per share | ||||||
| 20/05/2013 | Div | Apple @ 169.89p per share | ||||||
| Notes: | ||||||||
| * US Dividends are adjusted for exchange rate and 15% withholding tax | ||||||||
| ** Sterling : Dollar exchange rate = £1: $1.527 as at 20/05/13 | ||||||||
2 year chart (31 Dec. 10 starting base):
 |
| Click to enlarge, close to return. |
3 year chart (31 Dec.09 starting base)
 |
| Click to enlarge, close to return. |
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