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Yes thanks for confirming, I m just working my way down the list of investment trusts dividend heroes, IE, the longest period of ever increasing divs. Cty are the leader with c 50 years. To spread the risk I ve gone with merchants and temple bar.
They really are a buy and hold investment, never going to set the world alight, nor tank in value. All pay quarterly divs which I just reinvest.
nor tank in value.
Don't be too sure about that. I've got a few cty that I've had for 30 years, probably more. A month ago they were trading at £5.85, today they're around £5.30. Of course, Trump's Middle East escapade has affected everything similarly
Ok thanks, i ve been buying on the dips. Last year on trumps tariff threat I bought at 4 quid, 5% yield. The constituents are pretty defensive, banks, tobacco, defence. As always do your own research tho
Worth looking at Law Debenture too. It has an actual professional services business as a subsidiary which not only provides very steady income but is also undoubtedly undervalued in the balance sheet (it isn’t quoted) which means the true NAV is higher than the published one. But i see the yield is under 4%
Cheers law debenture is on my radar, it was covered in a recent ic podcast. 3.2% yield at today's close. Just another inv trust adv is their inflation hedge as divis have historically risen. I also like the transparency of nav and retained earnings.
This is probably a silly question but I need a bit of a sanity check as I'm mildly concerned I've missed something but I don't know what.
I've an old civil service pension which isn't worth much but I'm just leaving as some payout is better than no pay out. My main pension is a Scottish Teacher pension, again leaving as is.
I did some marking and usually you can opt out of pension payments and take the money. The last time that wasn't an option so I have £40 sitting in a pension pot that I'll not be adding to greatly if at all and I'll forget about it in 11 years time when it will be worth 1p a month, at best.
What's to stop me just taking it out? Even if I mark again I'll not tick the pension pay in box.
I think technically you can only take a tenner tax free and the rest would be taxable. And in taking it (early, I assume) your future contributions will be limited to sth like £10k a year.
I'm also not sure about process, 25% of your pot is tax free so you have entitlement to more than £10 because of the equivalent value of your other pensions but you have to do something so your 25% is not fixed now, and continues to grow as your teacher's pension does. Partial crystallisation or something.
tbh for £40 I wouldn't even go through the hassle
And in taking it (early, I assume) your future contributions will be limited to sth like £10k a year.
Nah small pots rule innit...
Ah yes, of course! None of mine are small pots so I'd forgotten that exemption.
Still only be getting £10 plus £30 taxed. Might even be admin to pay, and then you end up paying them to get your money 😉
If you leave it a few years, and Donald doesn't **** it entirely, then with the wonders of cpd interest you might have a whole £60 or so. That would be my advice, time in vs timing and all that 😉
Hardly controversial, markets have always been cyclical.
It would be more newsworthy if she had said 'there won't be a downward cycle and the unsustainable market gains will keep going'.
It's the public statement that's unusual.