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Not worth waiting for it to turn? Have you looked at Balwin?

So many people recommended Clicks and here you come and ruin it for me

GLN you say? You're the second person to mention them not being the best pic. Somebody mentioned THA as well.

Clicks is great - so far, very predictable, stable earnings - HEPS growth of around 15% per year. But is that worth a pe of 33? Nope. Maybe pe of 25 so around 13500 - on future earnings under 15000.

Think IF you going to pick up a miner then diversified is the way to go - both in markets and location. BHP would be my second(safer) choice, but prefer GLN's mix - but not their debt. That said, a few good years and that could come down a lot. I still would though be weary on what part they played in oilgate (or whatever we calling it..)

But ja. My crystal ball broke a long time ago when it comes to shares. I do think for most people a portfolio consisting of 2-3 etfs consisting of 75 -90 % of a persons portfolio +  5/10 companies the rest makes the most sense - and I might head that way for my capital gains portfolio.

GCR - so no capital growth with dividend paying stocks? - seriously, you been in the game long enough to know that. The idea (or at least my version), would be to live on a healthy stream of dividend that increase at above inflation BUT also for your capital to grow at above inflation.

hamster - like any good portfolio, diversification should be front of mind. But first decide on the initial dividend yield required - the lower it is, the more choice.  At low amounts 3% - you could included some ETF's - but at higher 8% you going to have huge weightings of property.

Around 5% is probably a good percent to aim for - maybe 6%

Then you'll want a nice chunk of that in pounds/euro/dollars.

And of course - you want companies that have a history of growing dividends - or at least maintaining them during tough years. And if you need 5% - them aim for 6% to give yourself some padding.

But something like :: (what happens when you wake up at 04H00) 

   amount   PPS   Shares   Expected D   Yield   Amount Exp
tex   500   602   83.06   103   17.11   85.55
RES   500   14000   3.57   623   4.45   22.25
AVI   500   10310   4.85   445   4.32   21.58
CML   500   6882   7.27   437   6.35   31.75
SSS   500   1243   40.23   95   7.64   38.21
VOD   500   14059   3.56   850   6.05   30.23
WHL   500   5780   8.65   313   5.42   27.08
BHP   250   24556   1.02   1500   6.11   15.27
Balwin   250   506   49.41   40   7.91   19.76
NWL   500   3900   12.82   300   7.69   38.46
BTI   500   90000   0.56   2900   3.22   16.11
   5000               346.26
Total Yield   6.93               

Quick and dirty  but will should get you 6%  yield - But will it's capital also grow at above inflation....

Well - not quite living up to expectations to be honest. Have not sold any - in fact, have added on to a few of them (TEX, FVT and Mara, now called GRIT). No capital growth - in fact fallen a bit further, to R81K. On the dividend growth - not great there ether. Going to this of the top of my head - but it will be in the ball park.

Received around R8473 in divi's - most did not grow this year, just FVT to be honest.

So after two years I would be in the black with two years of dividends collected  and R8473 on my original R92K for the year is not bad- that's the glass half full....

But failing badly on 8% + 8% capital growth!
Thumbsucking, but probably have had 8% (not 16%) dividend growth. So failing,but considering the economy ok with that.

But happy to wait - and collect my dividends. I really do concentrate on what the dividends are (and growth or lack of) - for me,  a lower price is just a better a yield (hopefully).  I treat them as if I had bought a physical property - not to be sold.

BTW, thinking about it - in another way, it has been a resounding success. In the two year since I sold that bakkie I remember using my bike on one occasion - where i needed the car as well as my wife needing the car. And it would have been a 5 minute walk! In the last two years I would have had to service the car once (even if the millage did not require it) say R1500 plus insurance (24 x R300) - R7200 - so R8700. Instead, have been splitting insurance and services with my wife. And of course, after two years, there would have been more capital depreciation on the bakkie - more so, anyway, that has happened on the shares 

@Mr_Dividend I guess all your taxes are already paid because of Dividend withholding tax? Do you have property REITS or still the few that pay dividends?

@gcr Are you on your 2020 target? Thanks for sharing your story.

With no other income i am trying to max out the R76K per year from REITS. This is pretty much what I live on - house is paid, bills are split with my wife and do not have medical aid.  I try take script divi's with the rest to avoid tax where I can't, it goes into my TFSA.  my portfolio is built around my dislike of paying tax - esp to such a corrupt bunch that we have at the moment. I am sure there are way better ways to structure a portfolio - but spending taxless money does bring joy to my heart. Then they hit me with VAT. 

I'm so jealous. I've been on leave for the last three weeks, and I'm really not looking forward to my first day back on Monday morning!

I'm also curious how your portfolio has done. Has it gone down/stayed the same/or grown over the period?

For the whole lot (trading/divi's/ETFs/TFSA/crypto/ cgt) it's grown a whopping 0.88% in the last year! Obviously, I did take out dividends to live, so their was SOME overall growth - but ja, a few mistakes made.

44th Birthday coming up, so suddenly hit me that i have been lounging around for 4 years! I don't think I have accomplished one project that I had planned before retiring - you know, with all this extra time 

Oh well - think my tennis is slightly better.

Good fun   

BTW lately have been topping up on SA property to a point where I can live fine on just the SA prop - from here on will take the scrip divi on oversea prop if given the option. Messed up a bit in my one year old capital gains portfolio and went way over the top with small caps - so have been trimming that back and slowly recycling funds into larger caps.