After the long weekend, the SNOWBALL starts again with an empty pot.

The fcast is to earn £10,500 of income, all of which is to be re-invested back into the SNOWBALL to earn more income.

The plan is shown below, if you don’t have a plan with and end destination, you are unlikely to achieve your goals.

The SNOWBALL is in year 4 of the above plan, so if the fcast of £10,500 is achieved the SNOWBALL will be 3 years ahead of plan. The SNOWBALL has outperformed the fcast every year and the intention is to do so again this financial year but the fcast remains unchanged.

Option One

The SNOWBALL has a comparator share VWRP where the current value is

£151,249. Using the 4% rule that would provide a ‘pension’ of £6,051, if you ignore the requirement to have a recommended 3 year cash fund.

Option 2

Use your hardearned to buy an annuity, currently around 7% depending on age etc., so income £10,587. You have to surrender all your hardearned, so not an option, unless you have a fund of a million, then take out an annuity and concentrate soley on spending your income.

Option 3

A dividend re-investment scheme or part option 1 and option 3.

April and therefore every 3 months is a weak month for dividends to be received but remember

Mr. Market is going to present you with some wonderful opportunities.

but be careful, otherwise it could be