The written plan for the SNOWBALL was to buy Investment Trusts that yielded 5% or above.

Mr. Market has been very benevolent and the plan has been increased to a base of 7% or above. This means the Snowball will achieve its ten year plan early.

I’ve therefore increased this year’s fcast to £11,200 and the target to £12,000.

The target includes some special dividends and all though it’s likely there will be more special dividends in the financial year 2027, these are not a given.

Current income for the SNOWBALL

Dividends to date £4,548. Fcast dividends for first the six months £7,681 and the fcast figure for the year £13,400.

The figure of 12k is very important as that means income of 1k a month for re-investment.

The fcast for 2027 has been raised to £12,000 and the target £12,869.

If the fcast and the target is met it will mean the ten year plan has been achieved ahead of the plan.

A question I get asked a lot. Are you sure of the supply ?

Whilst when I predict the future I am often wrong, I expect that there will be a lot of consolidation in the Renewables sector so the next ten year plan could include some pair trading, investing in some higher yielding ETF’s balanced out with some safer lower yielding Investment Trusts, such as CMPI and the Dividend Hero Trusts.

A plan without an end destination, whilst better than no plan is still a bad plan as your retirement income depends on the end destination.

My friend the choice is yours. GL

A history lesson.

Canada Life figures show the 65-year-old with a £100,000 pension pot could buy an annuity linked to the retail price index (RPI) that would generate a starting annual income of £3,896. That’s up from £2,195 in the New Year following a 77% spike in rates this year.
Oct 22