"The funds that specifically seek to invest in companies paying those dividends are called UK equity income funds. They are popular choices for investors who want to draw income, but are also often used by growth investors who can reinvest the ..."
I haven't felt so uncertain about the market for a long time. My final scores for 2016 weren't as good as yours; plus 12% with all dividends spent, plus 19% and 22% in our SIPPs, with no dividends spent or money drawn.
In a matter of 24 hours, I have raised our SIPP cash levels to 39% and 55%. It's really drastic, but my main concern is the S&P, which I believe to be hugely overvalued. If the S&P tanks, the whole world will come down.
I've sold stuff that I like, but then I only buy stuff that I like.
I'm not feeling positive, although I recognise that the market could yet kick on another 10%.
I will, however, watch for director dealing and for opportunities. I just turned a quick 10% on Capita.
All the best and good luck in 2017. Did you notice that my 2016 risky tip (Avesco) nearly tripled ! I haven't yet got any positive shares for 2017.....
Have a good life.......the market could be more fun this year, what with more volatility on the way, I hope. I'll take a look at your ideas, thanks.....
Likewise with HSBA & LLOY, I've had a good run with both.
Although ALAI & BRLA are well up, they've driven my perfromance this year. I'm planning to make the smallest of top-ups on any bad day. The Pro's seem to like EM Latin - that should be a warning sign! Hahaha
I'm considering CMS. If I do it will be waliking around type money. I've traded it a couple of time, but...
SREI and EAT are also places I'm considering putting income flow. For no better reason that I dont want to add anything new..and they are the most attractive across my portfilio.
I like AGR, not the price, but the exposure. I already hold the stock.
IVO is something I'm watching, but I suspect a better opportunity will come along.
I have a feeling this might run for a little longer, but who knows.
Oh, and HICL if the prem. heads towards 10% It's 16% today I believe. I'm not rushing. I hate buying with a premium!!!
I haven't added an new money for some time now, maybe a 18 moths, I've ended up 26% (income re-invested) for 2016, and I cant see me injecting new cash, just re-investing divs. The good news is...that means I can keep working partime as I'm not desperate for money I usually just work to fund my investment addiction.
I sold most of my holding in MYI today. I don't want any US exposure, the S&P is way overvalued in my opinion. It's been a great run with MYI, but in my opinion they are now too highly valued and I'm adding tto cash positions in the expectation of a correction........
This performance isnt specific to MYI, its all about the earnings of the companies it is invested in, being in dollars. As the pound has dropped against the dollar the currency exchange has had a positive effect. This fund has been pants in recent years. Not nice pants like a frilly thong, more an old pair of yellow y fronts x
I'm looking to invest here, but in the hope that the board WILL stick to a sensible long-term strategy that has returned just shy of 140% over the last ten years, against a Global Equity Income sector average of c87% (ten figures from TrustNet). Sure, this style has underperformed for the last three years, but I wouldn't want to invest with a manager who ditches a good long-term strategy due to investors complaining about a relatively short period of underperformance. It's exactly these factors that are leading me to invest now. Three years is not long enough to judge a fund manager. Five isn't really. Ten is better!
Quick research into holdings and the state of Latin American equities over the past three years explain the fundamental reason behind the under performance. If Latin America recovers MYI will too. Still nice yield as long as they hold/increase dividends.
Not sure, but what I do know is that MYI has stuck firmly to a losing strategy for the past 2-3 years. The Board are useless and have done nothing to address Mr Stout's obvious failure. They deserve to be fired for dereliction of duty.
Your comment in June was more of an observation relating to the general decline in MYI - rather than addressing my question - which was, what happened on Friday, that caused a high single day drop in the shareprice. Murray was the biggest faller in my portfolio.
It is about time the Directors of MYI looked after their shareholders interests, rather than Aberdeens. Paying £7m per annum for this continuing shambles is a dereliction of duty. Conflicts of interest abound.
Share price appreciation has indeed been miserable, plus 5% over 5 years. Dividends are substantial, which is part of the problem. But the biggest causes of problems are a) large exposure to emerging markets and b) sterling appreciation.
I'm hoping that sterling doesn't get much stronger. I think that emerging market debt is now quite good value. Emerging market equities may have further to fall.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.