I try to keep up-to-date on a more-or-less monthly cycle (I revise the portfolio totals each month). But with 30-odd different investment securities to keep tabs on, important developments can sometimes pass me by.
And so a bit of remedial action was required...
As an alternative, Google Finance has a nice portfolio function (which I use to look at daily price movements) but this does not provide 'yield' data - the most important indicator for my investment style.
Having said that, I can 'scrape' around 80% of the data that I need but, despite my best efforts, I still have to manually input some data: typically yields or dividend data. And that means some 'housekeeping' is required to keep the portfolio up-to-date. But put off the housekeeping too long and you might find a surprise or two.
So, imagine my consternation when I updated the Balfour Beatty (LSE:BBY) forecast dividend/yield data: 1.9% yield???. A little (obviously overdue) reading showed that the final dividend this year is likely to be cut.
BBY is an old favorite of mine: I sold at a profit in 2014, then re-bought and even 'doubled up' when the price fell again. Under the DIY Income Investor approach, the loss of dividend is a clear signal to sell. Usually, that would be at a loss (with the market reacting negatively to such an announcement) - but fortunately in this case I am showing a modest capital gain on my purchases of BBY.
So off they go (with capital gains of 11% and 20% on the two tranches). And, according to the new long-term strategy, I will pile into some more ETFs with the proceeds.
[Sale price: £2.50]
I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.-