The hoard · public ledger

EVERY SHARE. EVERY PAYOUT. EVERY CUT.

Updated when cash lands, not when it's announced. Targets are mine, not the market's. If a fund cuts, it goes on this page the same day.

Next twelve months

£38,091

£3,174 a month · £104 a day

PROGRESS TO LEVEL 5

Freedom number £51,541 a year · ETA Jul 2029 · two months earlier than January's forecast
73.9% COVERED
TickerHoldingSharesTargetRatePays£ / year
LGENLegal & General7 years on record · 0 cuts · +3.7%/yr126,000130,00021.98pJun · Sep£27,695
SMIFSelect Monthly Income FundComplete7 years on record · 0 cuts · +2.4%/yr100,000100,0006.79pMonthly£6,793
RECIReal Estate Credit Investments7 years on record · 0 cuts · +0.0%/yr15,77070,00012.0pQuarterly£1,892
NCYFCQS New City High Yield Fund7 years on record · 0 cuts · +0.2%/yr37,850172,0004.52pQuarterly£1,711
LGEN£27,695
Legal & General7 years on record · 0 cuts · +3.7%/yr
Shares126,000Target130,000Rate21.98pPaysJun · Sep
SMIF£6,793
Select Monthly Income FundComplete7 years on record · 0 cuts · +2.4%/yr
Shares100,000Target100,000Rate6.79pPaysMonthly
RECI£1,892
Real Estate Credit Investments7 years on record · 0 cuts · +0.0%/yr
Shares15,770Target70,000Rate12.0pPaysQuarterly
NCYF£1,711
CQS New City High Yield Fund7 years on record · 0 cuts · +0.2%/yr
Shares37,850Target172,000Rate4.52pPaysQuarterly

PAYMENT CALENDAR

Fat months, thin months. Bar height is what that payment projects to.
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
SMIFLGENNCYFRECIThis month in ink.
Next ex-div deadline

Nothing lands between Oct 16 and NCYF's Oct 23 ex-div, so nothing new buys into that quarter. Next cash: SMIF ~£918 on Oct 30.

LAST LANDED

RECI · Oct 2026£473
SMIF · Sep 2026£500
LGEN · Sep 2026£7,862
SMIF · Sep 2026£500
NCYF · Aug 2026£350
Banked cash, newest first — what reached the account, not what was announced.
The cost of the machine

£52,054 DEPLOYED SINCE THE LEDGER BEGAN

Priced buys only — covers 25% of shares held. The opening LGEN and SMIF balances and the June SMIF top-up were never priced, so this is a floor, not the true all-time figure. The broker exports have every fill; what the whole machine cost, and how much of it has come back, is on the payback.

LGENcost not recorded0% priced£305,397 — all-time (hand-entered), as of 2026-10-06
SMIF

£14,981

17% priced£86,985 — all-time (hand-entered), as of 2026-10-06
RECI

£19,162

100% priced · 10% yield on cost£19,177 — all-time (hand-entered), as of 2026-10-06
NCYF

£19,490

100% priced · 9% yield on cost£19,501 — all-time (hand-entered), as of 2026-10-13

2026 flywheel: 19% — of this year's buys with a recorded funding split, the share paid for by dividends rather than new money.

The honest bit

CUTS, MISTAKES AND THINGS I GOT WRONG

A ledger that only shows wins is a brochure. Every closed year on record for these four holdings is below — the cuts, and the years a declared total went down even when the commitment behind it didn't. The record is short on purpose: it only goes back as far as an RNS or a trust's own dividend page could be checked.

LGEN · cuts on record

0 CUTS

7 years sourced · 2019-2025 · paying since 1998
SMIF · cuts on record

0 CUTS

7 years sourced · 2019-2025 · paying since 2014The declared total did dip in 2020, 2022, 2025 - the variable top-up shrank, the base commitment behind it never moved.
RECI · cuts on record

0 CUTS

7 years sourced · 2019-2025 · paying since 2017
NCYF · cuts on record

0 CUTS

7 years sourced · 2019-2025 · paying since 2007

Trades I’d take back: nothing to confess yet. When there is, it goes here first.

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