Thanks Ron, I appreciate your comments. Glad it’s worked well for you so far but as you realise, six months is far too short to draw any long term conlusions from a portfolio designed to be held for all eternity.
I stress too that I design and promote HYPs principally for income, not capital growth or total return. The latter two effects may well follow over time, taking a portfolio as a whole, because the strategy utilises elements of value and contrarian concepts but growth and total return, welcome as they are of course, are not the purposes of the HYP approach.
Going further with that, one of my didactic aims with the strategy is to wean investors away from the whole idea that the reason to buy a share is to sell it later for a profit, and on to the view that the reason to buy a share is for its good yield and potential to increase its dividends long term.
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