Things to consider, your plan will be different to my plan based on your risk reward profile.
One. With compound growth u should make more in your final few years than in all the early years, that’s why life-styling is such a bad idea.
Two. 7k of earned dividends doubles in ten years if u can reinvest the dividends at 7%. Usually there is one or two unloved Trusts to buy.
Three. Belt and braces, u can invest for growth (capital gain) but better with a dividend, just in case Mr. Market doesn’t agree with u at the time.
Four. With a dividend re-investment plan u can welcome falling markets because as the price falls the available yield rises.
Five. Your plan should include an element of Get Rich Slow.
Six. If u want ‘safer’ Trusts in your portfolio like CTY u can pair trade CTY with a higher yielder to earn 7%.
Seven. The longer u earn dividends the closer u will get to the Holy Grail of owning a Trust that pays u a regular dividend and sits in your account at zero, zilch, nothing.
Eight. Stick to your plan until sticks to u.
Nine. Mr. Market has given anyone a great starting point to start their journey.
Ten. GL
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