My latest Dogs of the FTSE experimental portfolio was set up in June, so it’s time for an update on its progress – a shame I wasn’t able to time it when everything hit rock bottom in March.
Bad timing or not, I continue to follow the strategy as an experiment and will be documenting the bad times as well as the good (mostly bad, these days!).
Here’s a reminder of the Dogs of the FTSE strategy:
- Choose the ten FTSE 100 shares with the highest yield (subject to my criteria*)
- Invest equal amounts in all ten shares
- Hold for a year (give or take a week)
- At the end of the year, sell the ones no longer in the top ten, replace with new shares with highest yield
- Repeat from step 3
[*criteria being that shares already in my portfolio are not included, nor any where a dividend cut has been announced]
Note that this is part of my ‘fun’ portfolio and represents less than 1.5% of my Future Fund – it is not what I do as a main investing strategy. All dividends received are reinvested.
The stock market has been wobbling a little these past couple of months, reacting (or not) to world events, and my Dogs don’t appear to have done too well. Only 3 are in positive territory, the others are looking quite sorry for themselves:
Over the same period, the FTSE 100 Total Return was -6.22% so the Dogs are doing slightly worse at -6.76%.
However, if I include dividends received, it’s a loss of -4.09%, which is marginally better but still rather rubbish.
Well, the mangy mutts still have around 9 months to turn themselves around – I’ll do another update in a few months’ time.
My Random Share Portfolio is made up of free shares awarded to me whenever someone signs up to Freetrade* via my affiliate link, bagging us both a random free share (worth between £3 and £200) in the process.
Here’s the full portfolio – it’s gotten a bit too big to do a full copy and paste.
I’ve kept most of the shares, occasionally selling when the odd one gains by >20%.
The money from sales of such shares have been invested into my Winter Rock Associates Fund 😉
Thanks to all who have signed up via my link in the past – hope you all got a decent free share!