September is almost finished and it’s time to start concocting the usual update for this month. I apologise for not writing “other” articles but updates and stats, I seem to have lots of difficulties to write more general posts lately (not that I did a lot of writing before mind you)…LH Fund
LH Fund moves on with quite interesting “mood swings” in September. At the end of the month it closed with a Total Return of 3.74% (-0.43% vs August), TER is now 2.11% (-0.03% vs August) and YoC goes to 4.55% (+0.46% vs August).
YoC keep growing at a very good rate, supported by options trades too, this is what I am aiming at at the very specific moment. Total Return is a measure that I am not too worried about as I am not planning to disinvest any time soon, but it’s good to keep the metric there. TER is also paramount to my financial endeavours, I need to optimise taxes and costs as much as possible, my target is to hit 1% per annum, and so far we are on the right track (though I might see the real performance only at the end of 2017). So far, so good I’d say.
DCA/Increased Positions
Bought 90 shares of LON:VOD @220GBP
This was done to round the lot up to 1000 pieces and being able to sell covered calls on VOD.
New Positions – Sold Positions
Nothing to report.
Tax Optimisation
Nothing to report.
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Ciao Stal.
Slow and steady wins the race my friend. Congrats on your purchase of VOD – hard to pick up good value these days, but always nice to pick up a good name.
Ciao,
Tristan
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Ciao Tristan,
Thanks for stopping by! There aren’t a lot of opportunities at the moment, but we have to patient and keep the bar straight! Vodafone is a good name, the opportunity was just to reach the minimum to trade the covered call really, but it was close to my average price so…. 😛
ciaociao
Stal
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Not much to report I see. At least you are continuing to buy something. Many of our fellow dividend bloggers have decided to sell part of all of their portfolios in anticipation of a huge sell off. Thanks for sharing.
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Ciao DH,
Thanks for coming by! I am not selling because profit taking is something that defies a little the idea of the long haul portfolio approach, there is nothing wrong with it of course, but I want a PF that produces a certain yearly income, not a fat bank account with nothing to buy. Prices are too high right now and it’s not easy to enter certain stocks. Having said that I will sell to harvest tax bonuses, but that’s more of a technical point.
Vodafone was added to sell covered calls really, either than that I wouldn’t have bought anything… 😛
As to prediction of market crash… I have stopped making predictions, every time I do it I get it wrong, we’ll play the game when we get there I guess…
Ciao ciao
Stal
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