Squeaky bum time!

NedS

LHW99 said:

Dipped a small toe in this morning with a limit buy (order not yet fulfilled), but plan to see how things continue before topping up anything else.

I'm with you, time to start filling your boots (slowly). I put some of my cash pile to work in equities this morning. I have no doubt the markets could drop further, but I'm happy at current prices for a long term investment for the dividend income investment trust (CTY, 5.4% trailing yield) I purchased.

Username999

NedS said:

LHW99 said:

Dipped a small toe in this morning with a limit buy (order not yet fulfilled), but plan to see how things continue before topping up anything else.

I'm with you, time to start filling your boots (slowly). I put some of my cash pile to work in equities this morning. I have no doubt the markets could drop further, but I'm happy at current prices for a long term investment for the dividend income investment trust (CTY, 5.4% trailing yield) I purchased.

Fantastic dividend history CTY.L have.
20+ years of dividend increases!

MarkCarnage

I am waiting for NS &I to move cash over for me, they seem to move quite glacially....

Sorcerer2018

Username999 said:

NedS said:

LHW99 said:

Dipped a small toe in this morning with a limit buy (order not yet fulfilled), but plan to see how things continue before topping up anything else.

I'm with you, time to start filling your boots (slowly). I put some of my cash pile to work in equities this morning. I have no doubt the markets could drop further, but I'm happy at current prices for a long term investment for the dividend income investment trust (CTY, 5.4% trailing yield) I purchased.

Fantastic dividend history CTY.L have.
20+ years of dividend increases!

I believe CTY has had over 50 years of increased dividned.

NedS

Username999 said:

NedS said:

LHW99 said:

Dipped a small toe in this morning with a limit buy (order not yet fulfilled), but plan to see how things continue before topping up anything else.

I'm with you, time to start filling your boots (slowly). I put some of my cash pile to work in equities this morning. I have no doubt the markets could drop further, but I'm happy at current prices for a long term investment for the dividend income investment trust (CTY, 5.4% trailing yield) I purchased.

Fantastic dividend history CTY.L have.
20+ years of dividend increases!

Sorcerer2018 said:

Username999 said:

NedS said:

LHW99 said:

Dipped a small toe in this morning with a limit buy (order not yet fulfilled), but plan to see how things continue before topping up anything else.

I'm with you, time to start filling your boots (slowly). I put some of my cash pile to work in equities this morning. I have no doubt the markets could drop further, but I'm happy at current prices for a long term investment for the dividend income investment trust (CTY, 5.4% trailing yield) I purchased.

Fantastic dividend history CTY.L have.
20+ years of dividend increases!

I believe CTY has had over 50 years of increased dividned.

I aim to retire in around 6 years, with DB/fixed income that should cover day to day spending, and a SIPP of hopefully around £300K to bridge the gap for 7-9 years from early retirement to DB/fixed income, and provide additional income post SRA. I have seriously been considering going "all in" on CTY for the SIPP. Couple reasons:

1. Invest in what you understand. I have a history of investing in CTY and feel I understand the product well. I feel the dividend is fairly safe, and reasonably well protected by income reserves.

2. That 5.4% dividend yield, with 50 years history of inflation beating growth, seems a lot more attractive that a 3.5% (variable) safe withdraw rate, and would allow me to only need to withdraw the natural yield.

3. I understand the risks. The dividend yield is not guaranteed, I will have a highly concentrated portfolio of high conviction with one fund manager, whom I trust and who has skin in the game. I might feel differently when Job Curtis retires.

To me, it achieves my financial goals and I consider the risks to be worth the rewards of a fairly safe 5% plus yield. So this is just the opportunity I've been waiting for, a chance to position my portfolio 5-6 years out from retirement for income, and I'm quite happy to take a growing 5% plus yield over the next 5-6 years and into retirement.

Username999

NedS said:

Personally I wouldn't go "all in" on anything.
10% tops for me.

NedS

Username999 said:

NedS said:

Personally I wouldn't go "all in" on anything.
10% tops for me.

Indeed, that is one of the risks being invested in a relatively concentrated fund holding ~100 stocks. But I'm not buying it for it's diversification, I'm buying it for it's reliable track history of dividend income and the potential of future share price growth given the relatively low entry point. And those risks don't seem any more risky to me that buying a much more globally diversified global index tracker that's heavily biased towards IMHO over-priced US tech companies and an over-priced US market in general. And I will have a substantial DB/fixed income stream, so my "all-in" SIPP portfolio is holistically only around 30% of my total income post 67.

Parking_Trouble

Is this still just a regular correction or something bigger? - asking for a friend.
Still sitting tight roughly 5% down across 2 SIPPs and 2 ISAs.

Mick70

Parking_Trouble said:

Is this still just a regular correction or something bigger? - asking for a friend.
Still sitting tight roughly 5% down across 2 SIPPs and 2 ISAs.

anybody who gives a definite answer to that is misleading,  nobody knows 

Thrugelmir

Parking_Trouble said:

Is this still just a regular correction or something bigger? - asking for a friend.
Still sitting tight roughly 5% down across 2 SIPPs and 2 ISAs.

Markets are influenced by events. War, weather, debt crises , political crises, energy crises etc etc. All of which have an impact on company shares and debt markets. So yes corrections are regular. Trouble is there's often no forewarning.  Nor any certainty as to how quickly the markets will recover. As one event tends to trigger another. Causing a number of dominos to fall over. As can be seen by the current oil production spate between Russia and Saudi Arabia.