There are at present so many IT’s I could buy, it’s like a shoal of herring but I have decided to stick to the knitting.

I am going to buy a position in  Global X ETFs ICAV – Global X Superdividend UCITS ETF

Bull points.

They pay a monthly variable dividend of around 10%, current monthly income on a 10k investment of around £100 per month.

Provides monthly income for re-investment.

No discounts to worry about.

Bear Points.

No discount to NAV.

No reserves to support the dividend in times of market stress.

It may turn out to be a share that turns capital into income.

The dividend is paid in u$ dollars so a small charge to convert to British pounds.