I looked back on my now 8 month old post and thought an update may be in order as I have today reached a significant milestone. By posting this update it will hopefully help new and old traders alike who may be thinking about strategy.
Through the last 8 months I have not changed dramatically in how I invest and the type of players I invest in - yes there has been a share split and dividend changes but the fundamentals have not changed. I still invest in top players and look out for lower priced players who I believe can earn dividends.
I continued to drip feed deposits (a further £5,000) and reached £20,000 of deposits a few months back and do not currently intend to deposit any further funds.
Today my portfolio has reached £40,000 so I have now doubled my investment . Of the £20,000 profit, £3,700 has come directly from dividends and there is now a constant stream of dividends coming in which allows me to grow the portfolio or maybe in the future withdraw as a tax free income.
My current portfolio is 46 players and is made up of the following:
500 Futures in Neymar, Salah, Kane, Sterling & Rashford
400 Futures in Sancho & 350 in Havertz
300 Futures in each of, Pogba, Kimmich, Mbappe, Jesus, Tah, Brandt, Goretzka, Nandez, Zaniolo, Foden, Rodrygo, Neves, Trent AA, V Junior, VVD, Carrasco, Hudson-Odoi, Dembele
150 Futures in each of, B Silva, B Fernandes, Chrisante, Eriksen, Pulisic, Ballo-Toure, Bamba, De Bruyne, Messi, Jovic, Verratti, Greenwood, M Gomez, N Pepe, Nelson, Brewster, Mahrez, R Vieira, Loftus-Cheek, Castagne,Kroos
My cautious approach has not changed and the majority of the portfolio are proven dividend winners alongside some future potential divided winners. Lots of the lower priced players which I own 150 shares in were bought in batches of 1000+ but sold down as soon as profit could be taken and then profits reinvested in higher priced players.
I do not look at the Index as a get rich quick scheme but more of a get rich slow process. Personally I do not now see much value at the lower end of players as I really cannot see them winning dividends in the next couple of years so what is there real value!
I believe the higher priced players are actually good value as the majority do earn you money and FI will have to increase dividends in the future (I believe mid December) and then these players will grow the most. Therefore they are a low risk bet in my opinion.
Finally when I joined people said I had missed the boat but obviously I had not - so if your new I would not worry - the top players may look expensive but they are not because FI will always need to underpin there value by increasing dividends or by share splits. New young stars will emerge and grow dramatically in price, however avoid the dross in the middle, they may look cheap but they are cheap for a reason!
Good luck to all for the rest of 2019