The blog rules for any new readers, don’t panic there are only two.

Accumulation.

Buy Investment Trusts that pay a dividend to buy more Investment Trusts that pay a dividend.

Any Trust that drastically changes its dividend policy will be sold even at a loss.

De-accumulation.

Instead of reinvesting the dividends, the dividends are used to pay a ‘pension’ and u can leave the capital to any deserving relatives but please remember those wee cats and dogs. The earlier u start on this journey the more u will benefit from compound interest and may have surplus dividends to re-invest for that special occasion.