Another month goes by, I am realizing that the blog is turning in a collection of “updates” so I’ll try to make it a little bit more interesting in the coming weeks adding posts not only centered on trade activity.
April 2016 saw markets being quite stable, volatility cooled down a little and all in all numbers were on the rise. Good Month!
I managed to exchange some GBP at interesting rates (Brexit fears drove down the Pound), but trade activity was somewhat reduced as stocks are pretty high right now. This is not actually “bad” per se, I need to replenish my coffers, and not investing too much is providing just that. May is going to see more action because there are at least 3 stocks on watchlist that are about to go ex-div and time to get on board them is approaching… 😛
LH Index Fund
At the end of April the LHIF is sporting a good increase, nothing major but growth is there. The Index Fund is a measure of the total returns of the portfolio, so in reality is not that important in a DGI prospective. Shares are now worth 100.38 Euro, for a +0.73% return on the average price of the shares I hold. In reality the fund lost about 1.3% in the very last trading day of April, oh well, it happens! Soon enough there will be a dedicated page with graphs and more data. 😛
Composition of the Index Fund is the following:
DCA/ Increased Positions
FRA:MUV2 – 8 @ 173 EUR
LON:NXT – 20 @ 53.5 GBP
BIT:TRN – 420 @ 4.9 EUR
Terna is an Italian utility dealing mostly in Electricity. Actually we could say that it “IS” the utility as it’s the owner of the electrical grid in Italy (bought in December last year), and as a matter of fact that is quite a huge competitive moat to overcome for any other competitor out there. 2015 was very good for Terna, they increased dividend and have a very upbeat attitude about the 2016-18 term. Major issue was entering in Terna almost at it’s record high, reason why I have decided to enter in two instalments resulting in an average price of 4.9 Euro (still high, my target was 4.5).