One. Make a plan and stick to it thru thick and thin, as there will be plenty of thin.
Two. Set a figure and write it down and how u intend to get to the figure.
Three. Accept that the amount invested may fall as u re-invest your dividends.
Four. Have some cash in your ‘safest’ position as u wait for the next market crash.
Five. Watch for the news from your Trust about their next dividend and their forecast for the next year.
One. To buy a portfolio of higher yielding Investment Trusts to provide a yield of 7% as this doubles your income in ten years.
Two. The income after ten years will be 14-16k on a starting portfolio of 100k. The amount is not in question although depending on the market the time scale could slip.
Three. As u don’t want to kill the goose that lays the golden eggs* u never intend to sell any of your Trusts. Over time the amount invested will start to rise as compound interest starts to make a big difference to your portfolio.
Four. It may mean having an investment in a Government gilt pair traded with a higher yielder to maintain a blended yield of 7%.
Five. If one of your Trusts drastically changes their dividend policy, the Trust must be sold.
* In an emergency one of your Trusts could be sold the equivalent of withdrawing x amount of dividends years in advance.
How I built £4,000 of passive income starting with £0
Story by Tom Rodgers
I started investing late in life, but I’ve still managed to develop thousands of pounds in passive income.
And I think it’s easier than most people believe. Like a lot of readers, I also started with next to nothing.
I had the money I made from freelance writing
But without passive income, I had no safety net to simply enjoy my leisure time.
So this is how I started.
Zero to hero
Depositing small, regular amounts into a tax-advantaged account like a Stocks and Shares ISA or SIPP is a great way to get up and running.
Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.
It soon grows into a decent stake without you really noticing. Today I’m 42 years old and I have about £4,000 of passive income banked.
Almost exactly half of this comes from share price increases in the growth stocks I own.
The rest is from regular dividend payments from income stocks.
But not all companies pay dividends.
Thirst for growth
It can be frustrating to find a stock you like, and see it doesn’t pay dividends. However, it’s not always a binary choice between dividends or growth forever.
For example: one of my best investments did not pay a dividend when I first bought the shares.
However, it will start sending me free dividend cash this year.
This is the £200m market cap viral medicine testing company Hvivo (LSE:HVO).
It trades on the AIM market.
Buying shares in what was then an unknown 12p-per-share penny stock was quite scary. But I did a huge amount of research before buying in.
Hvivo’s sales shot up from £3.3m in 2019 to £55.5m in 2023.
From losing £5m a year, the company is now raking in £8m a year in profits.
It is vastly more cost-effective for big pharma companies to use Hvivo’s models than any other method. That’s why Hvivo’s pay-up-front clinic model has seen such explosive growth.
So I’ll hold this alongside my other dividend-paying shares.
I’ll use compound growth to my advantage here: reinvesting any dividend payments into buying more shares. For me, that includes 7.5% dividend renewables fund Greencoat UK Wind and the low-cost 13.8% dividend yield metals producer Sylvania Platinum.
Building passive income is a way I’ve used to make my money work for me, rather than the other way around. Given my results to date, I can’t see myself stopping any time soon.
The Board of Capital & Regional plc (“Capital & Regional” or the “Company”) notes the recent press speculation.
The Board of Capital & Regional confirms that on 19 April 2024 it received a non-binding indicative proposal from Vukile Property Fund Limited (“Vukile”) regarding a possible cash and share offer for the entire issued, and to be issued, share capital of Capital & Regional (the “Vukile Proposal”).
In addition to the Vukile Proposal, the Board of Capital & Regional confirms that it is aware that its majority shareholder Growthpoint Properties Limited (“Growthpoint”) which holds 68.13% of the Company’s issued share capital, has also received a preliminary expression of interest from NewRiver REIT plc (“NewRiver”) in relation to a possible offer in cash and shares for the entire issued, and to be issued, share capital of Capital & Regional (the “NewRiver Expression of Interest”). The Board of Capital & Regional confirms that it has received no offer proposal from NewRiver at this stage.
There can be no certainty that any firm offer will be made for the Company, nor as to the terms on which any offer will be made.
The Board of Capital & Regional will issue a further statement if and when appropriate.
Rule 2.6(a) of the Code requires that each of Vukile and NewRiver, by no later than 5.00 p.m. on 20 June 2024, being the 28th day following the date of this announcement, either announce a firm intention to make an offer for Capital & Regional in accordance with Rule 2.7 of the Code or announce that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code.
This announcement is being made without the consent of Growthpoint, Vukile or NewRiver
What do I need to do to become a Stocks and Shares ISA millionaire? With the right investment strategy, creating life-changing wealth with UK shares doesn’t need to be a pipe dream.
Handily, Hargreaves Lansdown analysts are on hand to divulge the investing secrets of these ultra-rich investors. Here are three that have caught my eye.
1. Invest early
ISA investors have £20,000 to invest with each tax year. And the sooner they start investing, the quicker their money will start working.
Last year, 30% of Hargreaves Lansdown’s millionaires maxed out their allowance within the first month. Some 54% used their whole allowance within three months of the new tax year starting.
Analyst Sarah Coles concedes that “not everyone can lay their hands on £20,000 to invest every year.” But she adds that “the principle still works – investing what you can afford as soon as you can afford to.”
2. Be patient
We all love the idea of getting rich quickly. But, in reality, getting rich with stocks requires patience and a level-headed approach.
Coles notes that “there are some exceptions to the rule.” The youngest ISA millionaire on its books is aged 37.
3. Diversify
In keeping with this patient approach, Coles notes that successful investors “don’t take enormous risks. Instead, they’ve built diverse and balanced portfolios.“
She says this is one of the most important rules to follow. I agree.
Investing in a wide range of companies, spanning different industries and geographies, helps investors manage risk by ensuring that a large concentration of their wealth isn’t affected by adverse events that impact a single investment or market.
Here’s what I’m doing
I’m not saying these tactics will make me a millionaire. But I believe they’ll significantly increase my chances of building a big ISA nest egg by retirement.
This gives me a healthy level of diversification. And one of my plans for the new tax year is to increase my stake in financial services giant Legal & General (LSE:LGEN).
Why this particular share? As the chart below shows, the FTSE 100 firm has an excellent record of raising the annual dividend which, in turn, gives me an increasing passive income.
This is important as I reinvest these dividends to boost my long-term wealth. This phenomenon — known as compounding — means I make money on my initial investment as well as on those dividend payments.
And thanks to the huge dividends Legal & General regularly pays, it could turbocharge my wealth. This year, the company’s dividend yield sits at an enormous 7.2%.
Its share price performance could disappoint over the short term if economic conditions remain tough. But over the long term, I’m confident Legal & General will — like the other UK and US shares I own — deliver outstanding returns.
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There are many bboards (forums as they are now called).
ADVFN and LSE are popular but are mainly posts about posters buys and then defending their buys against all opposition.
Citywire forum has some decent posters, with the usual mix of idiots.
U can read the forum but have to join to post comments.
23 May 2024 – abrdn European Logistics Income plc (LSE: ASLI), the Company which invests in a diversified portfolio of European logistics properties, announces an interim distribution for the year ending 31 December 2024.
The Board has declared an interim distribution of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share, in respect of the year ending 31 December 2024 (2023: 1.41 euro cents), payable in sterling on 5 July 2024 to Ordinary shareholders on the register on 7 June 2024 (ex-dividend date of 6 June 2024).
Following the announcement of the conclusion of the Strategic Review on 20 May 2024, the Board intends to put forward proposals to shareholders for a managed wind-down of the Company (the “Managed Wind-Down”). Accordingly, the Company expects to publish a circular in June 2024 to convene a general meeting at which it will seek approval from shareholders for the proposed new investment policy by way of ordinary resolution. Should shareholders vote to approve the Managed Wind-Down, as the portfolio asset disposal programme commences, the income generated by the Company will diminish. As a result, the Company’s ability to maintain the current level and frequency of distributions will also decrease.
