The snowball started with 100k of seed capital, no

funds to be added to the portfolio, only enough cash

to pay the platform fees.

The initial aim was to provide a yield of 5% but as Investment

Trusts prices plummeted this was increased to 7%.

7% compounded doubles your dividend take in ten years.

The target is a ‘pension’ of 14k and u keep control of

your capital.

The capital is needed to provide the dividends for the ‘pension’

although if an unexpected cost happened, one position

could be sold off to provide funds, the equivalent to

taking 10 years of dividends in advance.

The figure received for the first quarter will be 3k,

do not scale to achieve the total for the year.

Dividends expected for April £837.00

This years fcast is 8k with a target of 9k.

The target may depend on by how much RGL reduce

their dividend by.

If 9k is re-invested at 7% plus the 10 year plan total

could be increased to a ‘pension’ of 16k.

If u have no plan, u have no final destination, so it’s

more likely you will fail.

The yield u receive is the yield at the time of your purchase,

hopefully gently increasing over the years.

As prices rise, the yield falls but there should be one or

two unloved Trusts that could provide a yield of 7%.