Welcome to my May 2024 Portfolio Report.
My stock portfolio gained value by +£1,640.29 (+4.6%) across the month of May 2024. This figure excludes the benefit of any additional deposits made and focuses solely on return achieved on existing capital.
£500.00 additional deposits were pumped into the fund this month, £0.00 worth of stocks were sold, with £604.88 of total capital being invested into additional holdings. £341.18 in additional deposits were made due to income from dividends being transferred into the capital account. The additional deposits and dividend income minus the capital difference invested and account fees has therefore led to an increase in the capital held on deposit which has risen from £116.19 to £349.32
Capital held on deposit now sits at less than 1% of the value of the fund.
The total value of the fund, along with the cash held on deposit sits at £37,504.62
2024 Performance
On 1st January 2024 the account sat at a value of £33,344.41. Since then I’ve pumped in a further £1,800 into the fund. Today’s value of £37,504.62 minus the £1,800 additional deposits, means that I’ve made an investment gain of £2,360.21 in 2024 which so far represents +7.1% gain in value for the year.
My Thoughts
This month I bought more shares in STOCK 24 for a total outlay of £604.88. It’s a business I’ve been keen to own more of for some time. I’ve been running at a loss on this position for years. However, I never sold, because I always felt the drop was an over-reaction on the markets behalf. I was always left with the feeling that they hadn’t suddenly become a bad business just because an acquisition didn’t work out. Reverting back to focusing only on the products that had previously led them to a significantly higher share pricing suggested to me that they would probably get back there, given time. Investors around the world have very short memories and also seem to lack the ability to see further than a few years ahead of them. I accepted that 2022-2024 might end up looking a little ropey, but when you’re investing for 20 years, it makes sense to ‘think’ in terms of 20 years. Where will this stock or any of the others I own be in 20 years? Who knows. Some may not exist, perhaps bought out by someone else, or merged into another stock. And that’s fine. Or, perhaps they’ll still be around. Regardless, like most watchlist stocks, I’m quite certain that if they keep doing what they’re doing over the next decade, they’ll be worth a heck of a lot more than they are today. This stock is doing well in 2024 so far, so, not only have my existing positions begun to recover, adding profit to this years results, but I wanted to add to my position and make them a larger part of my portfolio. They now represent about 3.5% of my total portfolio, whereas previously this sat at about 2%. Hopefully, the stock continues to climb over the next 20 years. I’m sure it will.
It’s been a great dividend month as well, with £341 coming in across 5x different stocks. Later in this report I’ve included a full dividend breakdown of what’s come in so far this year, but also looking at all-time dividends received. I’m quite impressed to see some stocks contributing 27% return on dividend yield alone.
Portfolio
| SHARES | STOCK | COST (£) | MARKET (£) | GAIN (£) | GAIN (%) |
|---|---|---|---|---|---|
| 120 | STOCK 1 | 877.62 | 1,227.60 | 349.98 | 39.88 |
| 1152 | STOCK 4 | 7,092.64 | 10,460.16 | 3,367.52 | 47.48 |
| 30 | STOCK 23 | 493.50 | 1,227.60 | 734.10 | 148.75 |
| 51 | STOCK 2 | 1,028.30 | 1,135.26 | 106.96 | 10.40 |
| 1902 | STOCK 25 | 2,584.60 | 2,795.94 | 211.34 | 8.18 |
| 1312 | STOCK 29 | 2,650.31 | 2,191.04 | -459.27 | -17.33 |
| 35 | STOCK 16 | 501.53 | 787.50 | 285.97 | 57.02 |
| 1505 | STOCK 32 | 1,269.04 | 1,444.80 | 175.76 | 13.85 |
| 100 | STOCK 34 | 1,557.70 | 1,561.00 | 3.30 | 0.21 |
| 13 | STOCK 17 | 248.05 | 739.44 | 491.39 | 198.10 |
| 2619 | STOCK 43 | 599.64 | 1,099.98 | 500.34 | 83.44 |
| 392 | STOCK 39 | 1,014.01 | 1,301.44 | 287.43 | 28.35 |
| 109 | STOCK 49 | 409.80 | 310.65 | -99.15 | -24.19 |
| 304 | STOCK 55 | 1,048.02 | 127.68 | -920.34 | -87.82 |
| 154 | STOCK 33 | 3,900.22 | 4,179.56 | 279.34 | 7.16 |
| 96 | STOCK 24 | 1,405.08 | 1,267.20 | -137.88 | -9.81 |
| 26 | STOCK 45 | 491.34 | 764.40 | 273.06 | 55.57 |
| 649 | STOCK 56 | 932.12 | 1,090.32 | 158.20 | 16.97 |
| 15 | STOCK 57 | 1,029.91 | 1,400.70 | 370.79 | 36.00 |
| 453 | STOCK 38 | 1,887.08 | 2,043.03 | 155.95 | 8.26 |
| TOTAL | 31,020.51 | 37,155.30 | 6,134.79 | 19.78 | |
| CASH | 349.32 | ||||
| TOTAL PORTFOLIO VALUE | 37,504.62 |
Dividend History
£341.18 was received this month in dividends and re-invested into the fund. I received £258.50 in that same month last year. So we are well ahead on that this May.
I have received a total of £572.62 in dividends so far for 2024 which is an average passive income of approximately £114 a month. As with every year, my expectation is for a 2.5% yield from my account each year which amounts to £834 in 2024. We beat that in 2022 and 2023, and this year we will be adding to our positions and hopefully increasing our dividends.
At this point last year we had received a total of £329.18. So we are certainly ahead. I am hoping that this will be the year we finally hit and hopefully surpass that £1,000 dividend milestone. It will be interesting to compare against last year as this year progresses.
- 2023 Dividend Income = £933.11
- 2022 Dividend Income = £836.58
- 2021 Dividend Income = £681.58
- 2020 Dividend Income = £107.75
ALL-TIME DIVIDEND RETURNS
| SHARES | STOCK | COST (£) | YIELD (£) | YIELD (%) |
|---|---|---|---|---|
| 120 | STOCK 1 | 877.62 | 107.45 | 12.24 |
| 1152 | STOCK 4 | 7,092.64 | 588.64 | 8.30 |
| 30 | STOCK 23 | 493.50 | 61.02 | 12.36 |
| 51 | STOCK 2 | 1,028.30 | 19.60 | 1.90 |
| 1902 | STOCK 25 | 2,584.60 | 602.93 | 23.33 |
| 1312 | STOCK 29 | 2,650.31 | 344.06 | 12.98 |
| 35 | STOCK 16 | 501.53 | 8.14 | 1.62 |
| 1505 | STOCK 32 | 1,269.04 | 28.54 | 2.25 |
| 100 | STOCK 34 | 1,557.70 | 429.00 | 27.54 |
| 13 | STOCK 17 | 248.05 | 30.43 | 12.26 |
| 2619 | STOCK 43 | 599.64 | 0.00 | 0.00 |
| 392 | STOCK 39 | 1,014.01 | 40.11 | 3.95 |
| 109 | STOCK 49 | 409.80 | 35.64 | 8.70 |
| 304 | STOCK 55 | 1,048.02 | 191.58 | 18.28 |
| 154 | STOCK 33 | 3,900.22 | 373.31 | 9.57 |
| 96 | STOCK 24 | 1,405.08 | 41.51 | 5.18 |
| 26 | STOCK 45 | 491.34 | 41.86 | 8.52 |
| 649 | STOCK 56 | 932.12 | 33.43 | 3.58 |
| 15 | STOCK 57 | 1,029.91 | 30.90 | 3.00 |
| 453 | STOCK 38 | 1,887.08 | 0.00 | 0.00 |
| TOTAL | 31,020.51 | 3,008.15 | ||
| STOCKS NO LONGER OWNED | 168.06 | |||
| TOTAL DIVIDENDS RECEIVED | 3,176.21 | 10.24 |
Historical Performance Tracker
The above chart shows both the portfolios required trajectory to reach £1,024,867 by 2040, this is indicated by the smooth blue line. The green line shows my actual portfolio performance. If the green line stays above the blue line, I will reach my target sooner than 2040. If it falls beneath it, it will take me longer. But I will reach £1,024,867, regardless.
I plan to get there by achieving an average annual return of 15% from my stock picks and an additional average 2.5% annual dividend yield which will be re-invested into the fund for compounded growth. This also assumes a £250/month cash input to aid growth.
My financial forecasts suggest that to stay on track and reach my goal I needed to finish 2022 on £19,169. By the end of 2023 I needed to be on £26,132.
The value of my fund sat at £33,344 by the end of 2023. As a result I am ahead of schedule of reaching my target of £1,024,864 by 2040. This is despite the poor market returns of 2020-2023. However, my projections are already based on conversative returns, obtained from historical performance. I am therefore left in no doubt that I will make my target far sooner than planned. Initial projections suggested I would reach my end target aged 61. However, current projections now suggest the milestone will be reached by the age of 59. I hope to get there before I hit 55.
Join Me On My Journey
I hope you continue to join me for this rollercoaster ride across 2024 and our forthcoming years of financial growth. I sincerely hope to one day be able to meet some members in person and bask in each others stories of success. Nothing will please me more than for my hours and hours of analysis to have had significant positive impacts on peoples financial lives and wellbeing. This is an incredible journey, growing a starter portfolio of £4k to £1 million. It will take best part of 20-25 years to achieve.
However, I hope these monthly reports then become a roadmap of sorts that future generations can take. I certainly intend for my children to take on the baton and continue running with it long after I’m gone. For me, this is a the start of the Chillingworth legacy. Whilst I started in my 30’s with less than £10k, my children will start in their 20’s with perhaps £100k each. Their children may start with a million each. Their children could eventually be billionaires. Whilst I won’t be around to witness it, I’d be happy knowing I came into and then left this world having made a positive impact to my family in this way.
The Podcast
If you haven’t yet checked out the Diary of a UK Stock Investor Podcast, you can do so by going to the Podcast page which provides all the links you’ll need to tune in. The Diary of a UK Stock Investor Podcast is a show for everyday retail investors. With a new episode every Thursday, we focus on successful investing in UK stocks discussing education, strategy, mindset, ideas and even stock picks and analysis. The show is curated by Chris Chillingworth, a UK investor for some 9 years whose stock picks have achieved a 15.9% annual average return between Jan 2014 – Jan 2024.