Saturday, 13 February 2016

Good-bye Amlin, thanks for your contribution

Amlin was added to my High Yield Portfolio (HYP) back in August 2014.  At the time I purchased 963 shares at a price of £4.4986 paying £34 in stamp duty and trading fees for a total investment of £4,366.

When the mainstream media get excited about stock market rises and falls they always seem to conveniently omit mentioning those lovely things called dividends.  From purchase Amlin provided me with £485 of those, they were growing dividends year on year and I was a very happy camper.

Then on the 08 September 2015 Mitsui Sumitomo Insurance Company (MSI) swooped in and made a cash offer for the company.  The rest, as they say is history, with the end result being £6,452 in cash hitting my account on the 08 February 2016.  Totting that all together and Amlin for the short period held provided me with a total return of 59%.  So while I'm sad to see Amlin go I'm not too sad...

So with cash, including some new money, burning a hole in my pocket what to buy?  Market falls have resulted in the UK Equities portion of my portfolio being underweight but not yet enough for active rebalancing so I’ll just passively rebalance for now.  My strategy to build enough dividends to live off in FIRE is also still well in control so I don’t need to add to the HYP.

My Annual Dividends
Click to enlarge, My Annual Dividends

I therefore purchased £8,000 worth of Vanguard’s FTSE250 ETF Tracker, VMID, to continue my plan of further UK Equity diversification.  My UK equity split now looks like:

My UK Equity Portfolio
Click to enlarge, My UK Equity Portfolio

With my total low charge investment portfolio now looking like:

My Actual Low Charge Investment Portfolio
Click to enlarge, My Actual Low Charge Investment Portfolio

As always DYOR.

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