Why the Snowball doesn’t own any shares.

Anglo American PLC on Thursday slashed its interim dividend as rough diamond business De Beers continued to underperform, at the time when the diversified miner is simplifying its business with De Beers one of the operations set to be spun off. Anglo American cut its interim dividend to 7 US cents from 42 US cents, owing to negative earnings from discontinued operations and lack of contribution from De Beers.

Technically SUPR is no longer an Investment Trust but

TRADES ON THE INTERNATIONAL SECURITIES MARKET

Still a strong hold for the Snowball.

Welcome to any new readers. Below are the rules for the Snowball, there are only 3.

One. Buy Investment Trusts and or ETF’s that pay a ‘secure’ dividend and use those dividends to buy more Investment Trusts and or ETF’s that pay a ‘secure’ dividend.

Two. Any share that drastically changes its dividend policy must be sold even at a loss.

Three. Remember the rules