History of the SNOWBALL.

All trades for the SNOWBALL are posted here as soon as they are made.

All buys include a cost of £10 and sales a cost of £5, although you should be able to trader at a lower cost. Costs add up over the years but if sales are made at a profit, however small, it’s the markets money and not yours, as a profit is not a profit until the underlying share is sold.

The SNOWBALL’S first full year of earning dividends was 2023 and the current updated fcast for this calendar year is 12k.

If we look forward to the next 4 years the income stream will be around 16k, hopefully it will be ahead of the fcast.

That equates to a yield of 16% of seed capital, to make comparisons easier no new funds will be added to the SNOWBALL.

Once the SNOWBALL earns 15k of income every year, future dividends could be re-invested into safer but lower yielding shares, as the SNOWBALL prepares itself to drawdown the cash rather than re-invest it.

At present the SNOWBALL invests mainly in UK Investment Trusts as they have both higher yields and trade at bigger discounts to NAV.

IF this no longer applies the dividends will be re-invested into higher yielding ETF’S.

If you have more years of re-investing, you should build up an income stream and have a surplus to re-invest even though you are in drawdown.