casabanker
14 Nov 2016
Re: How risky is parts of this fund? Hello QualityInvestor,That is a specific question but I do not have a specific answer. Before I bought SMIF, I noted that a sizeable proportion of its investments is in the financial sector. It's no secret that the financial sector is risky due to excess world debt and inadequate banking stress tests. Any investment that is producing income over 3 or 4% is likely to be more risky. Currently, I am taking that risk but am foreve watchful.Casa.
QualityInvestor
03 Nov 2016
How risky is parts of this fund? Was wondering before I buy inti this, how risky the Asset/Mortgage-Backed Securities which is aprrox 33% of the fund would be? i.e what kind of Asset/Mortgages ? could these be ressold assests as risky as back in banking crisis 2008 ?Any thoughtsRegards
NickDog
02 Nov 2016
Re: Cash ISA Hi Sigil, thanks for clarifying the situation. As of today I would be selling at a loss to the current price with the shares trading at a premium to NAV. So will hold for the strong monthly dividend which is why I bought them.
sigil
02 Nov 2016
Re: Cash ISA Hello NickDogEach quarter the company will buy your shares back at 2% below NAV calculated at a certain Date. The reasoning for this is so that the share will not trade at a large discount.Regards
NickDog
01 Nov 2016
Re: Cash ISA Have you received notification re tendering your share holding:You Have The Following Options: 1 Tender your holding of TWENTYFOUR SELECT ORD GBP0.01 shares. If you elect to accept the Offer, your TWENTYFOUR SELECT ORD GBP0.01 shares will not be available for you to sell, unless this Tender lapses.2 Tender part of your holding of TWENTYFOUR SELECT ORD GBP0.01 shares. If you elect to accept the Offer, your TWENTYFOUR SELECT ORD GBP0.01 shares on which you have accepted the Offer will not be available for you to sell unless this Tender lapses.Any thoughts. I'm a bit puzzled
casabanker
31 Oct 2016
Re: Cash ISA Hello NickDog, Yes indeed, I have more than dipped my toe in SMIF. I have been drip feeding and ploughing in amounts when the sp has dropped so that now I receive £25 each month in dividends @ 0.50p level. This month is a welcome bonus of 1.35p. I also have a bigger stake in SQN. This is an income fund paying 7.25p over the year but paid in equal amounts monthly. Currently, both funds have been paying reliably and both are showing a capital growth too. It's only small but the high yield is not eating away at the capital as so often happens these days with high yielders. High yield can mean high risk. I have a concern that if markets turn bearish for whatever reason, these two funds may suffer. Inflation may also be a threat so there is a need to stay alert and watchful.Good luck, Casa.
NickDog
06 Sep 2016
Cash ISA Anyone else dipped their toe in the water here? Got fed up with 0.75% in my Santander cash ISA so transferred into stocks and shares ISA. Put some in here as steady monthly income at 7%. With that yield there must be some risk. Not much scope for dividend growth so really seems to be like a bank account. Not going to trade. Just take the dividends. Also money in NCYF Investment Trust with pays monthly but has a similar yield and underlying investment strategy (debt).
