Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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where do you get an x-date for LGEN for the 13th of next month ?
Spotted that and did a swop back into LGEN at a good price. The ex-d date is 13th next month. Still have some AV. but much reduced from when they used to be my core stock. MNG is my other alternative.
It'll take AV.s new management more than a few days to turn that ship around in my view.
Now could be the perfect time to snap up a share of this dividend champion while it trades around 25% below the level it started the year.
Just the bottom of the saw tooth. FTSE will take it up next week I am hoping.
SP dropping rapidly compared with Aviva - perhaps time to switch?
Hi Zaco, yes I am invested in Fundsmith Equity's Class 1 accumulation fund, and have been for several years. I have never made a withdrawal from the fund, or reduced my investment in it.
For future reference however, I was up interested in the strategy you mentioned in your earlier posts
Davielad - do you invest on a direct basis with Fundsmith? If so, you can set up a regular withdrawal payment with them. The minimum withdrawal is £100. So, depending on the size of your investment you could request this on a quarterly or half-yearly basis, just like a dividend. Whatever suits your needs. In this way you'll be able to judge for yourself in 12 months time if it outperforms any dividend paying shares you own.
Hi Zaco, I read your post with interest. I likewise am a Terry Smith fan and am invested there and also here. I am certainly attracted to the concept you have outlined in your post, which def does seem to be a pretty sound strategy
Thanks both, I hadn't considered the fund angle and that is easy to grasp once you know what you are comparing against!
I bought Legal and General off a tip from a fool article (yeah I know) after it was beaten down, pretty nice cost basis and (unlike Aviva which I'm very red on) was relieved to receive the dividend. I'm sure you could make a case for withholding last years profit if the future suddenly becomes fraught with danger, but I didn't like the bow to regulatory pressure from the others and has only strengthened the view of my holdings here.
The strategy of selling shares to fund retirement works best with funds (particularly index funds). Look up the 4% rule.
If you're holding individual shares it requires a lot more thought, and carries more risk. Of course taking dividends carries risk as well, as we're seeing at the moment.
pboughton - you're not selling shares, you're selling units in a fund, so no trading costs.
If 5 years ago (2/7/15) you'd have spent £10,000 on L&G shares, today your capital is worth £8,960. However, you'd have received 5 dividend payments worth £3,083 (yr1 £536, yr2 £574, yr3 £614, yr4 £657 & yr5 £703)
If you'd have invested the £10,000 in Fundsmith Equity, and at the end of each 12 month period sold units to the equivalent value of the L&G annual dividend your capital today would be worth £20,709. And you've made payments to yourself over the 5 year period to exactly the same value as the L&G dividends.
I might add I'm invested in both!
This sounds a little like the implementation of the dividend irrelevance theory, which best I could see works in theory but not in reality (taxes and such), although I doubt you can argue with Terry's results so far.
I was trying to wrap my head around selling shares to withdraw as opposed to living off dividends, all being equal the payout and subsequent value drop to the company when paying dividends should match the growth of the same company that doesn't pay but reinvests. Surely you eventually run out of shares though?
hardup - I'm a big fan of Terry Smith. Fundsmith Equity is my largest holding by some way. I invest directly with Fundsmith. They offer a regular withdrawal facility so payments come to me just like dividends although they are from my capital. No complaints with performance so far. The new(ish) Sustainable Fund doesn't differ greatly from the main fund make up so I don't expect performance to differ greatly. I did invest when they launched Smithson Investment Trust in October 2018 and to date that's delivered growth of 46%. Same principle as main fund but mid-cap companies.
I used to hold Standard Life Global Small Cap (Harry Nimmo) but found that small cap funds too volatile at my time of life.
My experiences over the years have definitely brought me round to Terry Smith's view that it's far better to invest for total return, ie no income/dividends, and withdraw capital, for me once a year. Good Luck.
zac0_4....very interesting reading your strategy. I have read quite a lot of comments from others who advocate not holding dividend shares at all and investing in growth funds and draw of a small amount annually as needed. Terry Smith the manager of Fundsmith Equity is a strong supporter of this strategy as well but not sure if he is maybe a tad biased with this opinion to get more people to invest in his flagship Fundsmith Equity Fund. That fund has now grown to a very large Market Cap/Fundsize now so maybe difficult for him to maintain the same going forward? I have looked at the younger Fundsmith Sustainable Equity Fund which is relatively young and a far lower Market Cap so probably a better option for growth than the older sister in the stable? Another fund that has caught my eye is the new Aberdeen Standard Global Mid Cap fund launched in April and managed by Harry Nimmo, this has got of to a blistering start since launch but then again it may be said that the fund was launched just at the right time as markets were rebounding from the February/March sell of. Harry Nimo does have a good track record though with his previous funds, Aberdeen Standard Global Smaller Companies fund being one that comes to mind. Maybe the new Global Mid Cap one could do very well going forward?
hardup - no, not sold our of all dividend paying shares yet, buy think I probably will when time is right.
I hold both active (managed) and passive (index linked) funds. Examples as below:
Active - Rathbone Global Opps, Fundsmith Equity, Lindsell Train Global Equity, LF Blue Whale Global Growth
Passive - L&G Global Tech Index, L&G Global Health& Pharma Index, L&G International Index
Funds win hands down in my opinion if your strategy is buy and hold.
zac0_4....Have you totally sold out of dividend stocks? What investment funds are you invested in?
hardup - I too have investments in a number of dividend paying shares. Unfortunately, I've final come to the conclusion that they all underperform. My best returns to date are in investment funds (OEICs). I don't look at income funds but invest in global growth funds. Much better returns for me to date.
The ceo is a wily character he has been asked twice that i have seen whether the divi will disappear??
He has laughed both times
This leads me to believe it will be kept !!
Maybe you should sell some of your holding and buy DLG would think their next numbers will be extraordinary in my calculations IMHO.
@arsenal58........I am actually invested here quite heavily with the bulk of my portfolio (ISA and SIPP) for the dividend. I was just thinking out aloud yesterday when FTSE took a dive mid morning and noticed L&G SP dropped % twice as much as Aviva, Direct Line. Just curious why; I thought as they are all basically insurance companies they would all have had a similar % drop. If you have read my previous posts I do point out I am a novice investor so do like to post my thoughts to see if any of the more experienced investors could enlighten me with comments on the subject matter I have posted. I am not a member of a company pension scheme but have a sizeable amount between my SIPP and ISA which I have invested for dividends. As long as the dividend is maintained I am considering retiring 5 years early to live of the dividend until I can claim the state pension as well. The 2 combined would be plenty for me to live of in retirement. Thanks.
You will stay hardup if
If you dont buy on the chances you get
Carry on moaning instead lol
Out of favour Insurance company?
The SP drop so far today has been twice as much in % terms than Aviva and Direct Line? Anyone any opinions why?