The blog is in an accumulation phase, so Investment Trusts that will be favoured are those that pay a secure yield, nothing is a hundred percent secure.

In an accumulation phase if u buy Investment Trusts that pay a dividend and trade at a discount, when/if the discount narrows u should make a capital gain to re-invest in another higher yielder. The current blended portfolio discount is 33%, remember this is a Brucie bonus and not the reason to buy.

Brucie Bonus: The catchphrases he was known for

A staple of Saturday evening entertainment for decades, many of his one-liners have passed into the public lexicon years after.

De-accumulation.

When u need to spend your dividends rather than re-invest them, hopefully u will have built up the dividend stream to have a surplus to re-invest but that is a topic for another day.

U need your dividends to pay your living xpenses, so income is more important than the chance to make a capital gain, so one ETF that could be of interest

Global X ETFs ICAV – Global X Superdividend UCITS ETF

An ETF, so it will trade around its current NAV, the yield is 11% but pays a monthly dividend, similar to SMIF

For DYOR google SDIP SMIF

Now it’s unlikely u will make a capital gain, possible but u are more likely to lose some capital. U need to compare to

‘If u took out an annuity where u would lose all your capital and a smaller pay day but at a lower risk’.