City of London Investment Trust

ErinGoBrath

Bravepants said:

ChilliBob said:

When someone asked this before Merchants was mentioned as a (better, in their view) choice than City. I'm just passing this view on, not my own, as I haven't looked into it

...also Murray Income (MUT)...but as always...Do Your Own Research (DOYR)!

And Dunedin Income Growth (DIG) or Edinburgh IT (EDIN).

kinger101

Bravepants said:

Flatulentoldgoat said:

Bravepants said:

Five figure sums can vary between £10,000 and £99,999. People will generally have different opinions depending on the amount.

In other words, water is wet?

You can get wet in a puddle, you can get wet in an ocean, but in an ocean you can also go under!

I think you've won the internet with that one.

green_man

I have a five figure sum in CTY, but then it’s part of an income portfolio that I use to supplement my pension income (along with a number of other funds/trusts mentioned in this post). It’s not probably where I’d have 100% of my funds even if I was just after income, but if you want to add UK based value stocks then it’s one option. As stated above a number of analysts seem to think UK value stocks are due an upturn (they have already had a bit of an upturn).

maxsteam

I've never been much into ethical investing however, as a former smoker, I would avoid this particular IT for ethical reasons.

Apodemus

green_man said:

I have a five figure sum in CTY, but then it’s part of an income portfolio that I use to supplement my pension income (along with a number of other funds/trusts mentioned in this post). It’s not probably where I’d have 100% of my funds even if I was just after income, but if you want to add UK based value stocks then it’s one option. As stated above a number of analysts seem to think UK value stocks are due an upturn (they have already had a bit of an upturn).

I'm in a similar position, but having only added CTY to my SIPP in October, the share value is currently up 25% for me and has given me a couple of hundred pounds in dividends, so I am currently quite happy!  However, CTY represents just under 4% of my SIPP and I'm not sure I would want it to form much more than that as a percentage.

Bravepants

kinger101 said:

Bravepants said:

Flatulentoldgoat said:

Bravepants said:

Five figure sums can vary between £10,000 and £99,999. People will generally have different opinions depending on the amount.

In other words, water is wet?

You can get wet in a puddle, you can get wet in an ocean, but in an ocean you can also go under!

I think you've won the internet with that one.

LOL

https://www.youtube.com/watch?v=tW59eRKCLWg

dean350

Been in CTY for about 10 years now. Its had a bit of a bad patch lately as it leans heavily towards tobacco, bank and oil stocks - none of which have done that well lately. However those stocks are starting to pick up again and so therefore is CTY.  SOI is an investment trust that uses large Asian companies to generate income and that is worth a look for diversification. Also HINT is an internationally focused income IT that may also be worth a look. You could split your money between them. Tritax Big Box REIT is also worth a look. That invests in large automated warehouses in the UK of the type used by Amazon etc and has done very well this last couple of years. That pays out about 4%.