January 2016: Portfolio Update,

A flattish start to 2016, with a minor loss of -0.41%., helped by a significant contribution from dividends from National Grid and Rolls-Royce.
A -2.54% fall for the FTSE 100.

Merchant Adventurer's Index
			Forecast	1 month	YTD	61 mth
	Price	% holding	Div. yield	% gain	% gain	% gain
R-R	555.00p	14.87%	4.28%	-3.48%	-3.48%	-15.46%
Aviva	480.00p	12.87%	4.40%	-6.98%	-6.98%	32.67%
National Grid	985.80p	16.05%	4.54%	5.15%	5.15%	78.26%
BP	376.10p	8.67%	6.94%	6.24%	6.24%	-11.12%
Apple **	$97.34	7.90%	1.75%	-3.86%	-3.86%	87.68%
Lloyds	65.46p	2.07%	0.00%	-10.41%	-10.41%	-12.21%
IG Group	725.87p	4.83%	4.31%	-9.55%	-9.55%	52.11%
Imperial Brands	3786.00p	3.93%	3.71%	5.56%	5.56%	67.59%
William Hill	389.00p	3.28%	3.26%	-2.63%	-2.63%	111.21%
BAT	3768.50p	2.65%	4.14%	-0.07%	-0.07%	12.35%
Vodafone	223.90p	2.27%	5.26%	1.31%	1.31%	-11.26%
Microsoft **	$55.09	2.94%	1.85%	1.71%	1.71%	116.02%
Banco Santander	299.73p	1.29%	4.71%	-11.45%	-11.45%	-45.07%
General Electric **	$29.10	2.46%	2.70%	-2.88%	-2.88%	108.86%
BAE Systems	516.00p	1.91%	4.06%	3.28%	3.28%	56.36%
Barrat Dev.	599.50p	1.98%	3.85%	-4.23%	-4.23%	67.71%
SSE	1450.00p	1.48%	6.32%	9.19%	9.19%	18.37%
Verizon **	3507.80p	1.70%	3.78%	12.39%	12.39%	26.39%
Centrica	204.80p	0.95%	6.12%	-6.10%	-6.10%	-38.24%
BG Group	1054.50p	2.72%	2.12%	7.06%	7.06%	-14.20%
Cash		3.18%	0.00%
		100.00%	3.97%
				1 month	YTD	61 mth
Virtual Portfolio gain (incl. Dividends)
- 1 month gain   2049.23	2040.92			-0.41%
- YTD gain         2049.23	2040.92				-0.41%
- 61 month gain 1264.20	2040.92					61.44%
- 73 month gain 1000.00	2040.92					104.09%
Unit Price - £	2.04092	(Starting price - £1)
FTSE gain (excl. Dividends)
- 1 month gain   6242.30	6083.80			-2.54%
- YTD gain         6242.30	6083.80				-2.54%
- 61 month gain 5971.01	6083.80					1.89%
- 73 month gain 5412.88	6083.80					12.39%
Transactions:
07/01/2015	Rights	Rolls-Royce
07/01/2015	Div	Rolls-Royce @ 8.46p per share
13/01/2015	Div	National Grid @ 15p per share
27/01/2015	Div	GE @ 13.67p per share