The SNOWBALL bought VPC special lending investments (VSL)

10K on the 28/04/23. VPC paid dividends at a yield of 10%.

They then decided to wind up the trust and the brown stuff hit the fan, currently showing a loss on capital of £4,704.00.

They have returned £4,002 in dividends and return of capital, this has been re-invested back into the portfolio. If the SNOWBALL had re-invested back into VPC the loss would have been greater, one reason to be wary if you CPA.

The cash re-invested has earned around 1k in dividends, and VPC are still paying two dividends a year and trade at a 50% discount to NAV, most of this discount may be eaten up in costs so the final figure may be around another 1k of income. If you deduct the 2k, the loss is now around 2.7k. It will take around another 6 years of dividend income from the re-invested income, after that it will be all profit. When VPC finally winds up, the returned cash will be re-invested back into the SNOWBALL.

If you buy a share and it turns out to a clunker just after you bought, you should sell and try to learn what was wrong with the buy. The more you trade, the more chances, one day, you will buy a clunker.