A reminder the Snowball owns mainly Investment Trusts where the aim is to provide a ‘secure’ dividend, although no dividend is ever completely secure.

If the Trust is trading at a discount to NAV there may be an opportunity to take some of Mr. Markets money and re-invest it in a higher yielder to grow your Snowball but this is only a secondary consideration

For any new readers, the rules for the Snowball.

There are only 3

    One.

    Buy Investment Trusts that pay a ‘secure’ dividend and use those dividends to buy more Trusts that pay a ‘secure’ dividend.

    Two

    Any Trust that drastically changes it’s dividend policy, must be sold, even at a loss.

    Three

    Remember the Rules.