Welcome to My Portfolio Report for July 2021.
The investment return of my portfolio rose by +£1,183.29 (+4.7%) across the month of July 2021. This figure excludes the benefit of additional deposits made and focuses solely on return achieved on existing capital.
£0.00 additional deposits were pumped into the portfolio this month, with £0.00 of total capital being invested into additional holdings. £73.02 in additional deposits was made from income from dividends being transferred into the capital account.
The additional deposits and dividend payment minus the capital invested and account fees has therefore led to an increase in the capital held on deposit which has risen from £475.31 to £529.36
Capital held on deposit now sits at 2.0% of the value of the portfolio
The total value of the portfolio, along with the cash held on deposit sits at £26,506.06
The FTSE 100 fell -1.5% in July 2021 so the fund smashed the market this month which broadens the gulf that is appearing between the performance of the market and the performance of my fund.
On 1st January 2021 the account sat at a value of £19,546.68. Since then I’ve pumped in a further £2,500 into the fund. Today’s value of £26,506.06 minus the £2,500 additional deposits, means that I’ve made an investment return of £4,459.38 so far this year which represents +22.8%.
The FTSE 100 this year is up +8.9%. So we are leaps and bounds ahead of the overall market for the year to date.
I added no positions this month, nor did I add any capital. Once again, this was caused by my available capital this month being pushed into renovating a property I own. I am genuinely overjoyed with the fact I have managed to hit the £26k mark with only having to pump in £2,500 worth of capital this year.
One must ask themselves, however, where the account would be if I had kept up with my monthly deposit goals. I fully expect to get back on track with this in the very near future and a number of opportunities have arisen in the last month which means there are some shares from the watchlist that I want to buy.
I’m more than happy with +22.8% after 7 months in 2021. If I were to finish the year here then I would declare that a successful year after last years +20% return.
£73.02 was received this month in dividends and re-invested into the fund. We have received a total of £392.58 in dividends for 2021 so far which contributes to the investment return. I am hoping for a 2.5% yield from my account each year (approx £450 in 2021). So far we look to be on target for achieving this or thereabouts by the end of the year.
23 YEAR PERFORMANCE TRACKER
My goal is to reach £1,024,864 in account value within 23 years from the start of the project. I plan to get there by achieving an average annual investment return of 15% from my stock picks and an additional average 2.5% annual dividend yield which will be re-invested into the portfolio 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 must finish 2021 on £13,262. By the end of 2022, I need to be on £19,169.
However, the value of my fund has already reached £26,506 by the end of July 2021. As a result, I am approximately 3 years ahead of schedule of reaching my target of £1,024,864 by 2042, which gives me plenty of room should I suffer 1-2 poorer years along the way or should the average annual return not turn out as expected.
However, my projections are already based on conservative returns, obtained from historical performance. I am therefore left with 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 57-58. So, I hope to get there before I hit 50.
I hope you continue to join me for this ride across 2021 and our forthcoming years of financial growth. One day I hope to be able to meet some members in person and bask in each other’s 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 the 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.
Leaving a Legacy
I certainly intend for my children to take on the baton and continue running with it long after I’m gone. And for me, this is 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.
So, 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 on my family in this way.
TOP 15 MEMBERS LEADERBOARD 2021
|D. Mills||+38.7%||May 2021|
|T. Castle||+23.3%||May 2021|
|C. Chillingworth||+22.8%||July 2021|
|J. Richman||+21.0%||July 2021|
|C. Rooke||+20.6%||July 2021|
|Chet C||+20.0%||May 2021|
|M. Burgess||+17.6%||July 2021|
|R. Bates||+17.1%||July 2021|
|N. Garbutt||+17.0%||June 2021|
|A. Hall||+16.6%||May 2021|
|S. Fountaine||+16.6%||May 2021|
|S. Burrows||+14.2%||June 2021|
|D. Tesseyman||+14.0%||June 2021|
|J. Forde||+12.5%||June 2021|
|J. Parmenter||+11.9%||June 2021|
|FTSE 100||+8.9%||June 2021|
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