RT
toghrr@ntlworld.com
82.1.178.93
Given your recent LBOW loss, would it be a good idea to use Stop Losses ?
Perhaps a new rule ?

The ultimate aim of the Snowball is to own a portfolio of shares that earn dividends and sit in the account at zero cost.

7% compounded doubles in ten years

7% dividends only fourteen years

Holding the portfolio shares thru thick and thin and there will be plenty of thin.

With reference to LBOW the share should have been sold after the first cash return at 47p, when the dividend policy changed. The lesson is to follow the rules and invest only for dividends and never chase a capital gain.

The LBOW sale doesn’t change the fcast or the target as no income was included in the fcast/target.

The big money is not in the buying or the selling, but in the waiting.
One major advantage of taking the long view is you can afford to ignore the short-term volatility of the stock market.

C Munger