The reporting period has changed from the calendar year to the tax year.

The SNOWBALL began its journey on 09/09/22 with seed capital of 100k and an income target of 5% compounded.

Tks to Mr. Market the target has been increased to 7% compounded p.a.

7% re-invested back into your Snowball nearly doubles the income every ten years.

Currently the SNOWBALL invests in Investment Trusts because many of them trade a discount to NAV and as their price falls the yield rises, also Investment Trusts have reserves to pay their dividends in time of market stress.

As income is the only criteria for re-investing for the SNOWBALL it could re-invest in ETF’s if market conditions change.

The new figures are for the tax year

2023/24 £11,072*

2024/25 £9,541

2025/26 current £11,638

* Includes a special dividend

Next year’s fcast can be nudged up to £10,505 and the target of £11,240, which would mean the SNOWBALL is well ahead of the current plan.