RE: Sales11 Sep 2025 21:16
Nettles, lovely to hear from you.
I've been in drawdown since 2015, wouldn't dream of an annuity.
Today for example, i sold 62000 Rolls-Royce, why?
I believe 100% in Rolls-Royce and I think it will easily outperform a FTSE 100 tracker over the next 5 years.
But, I was only holding 2 shares, Rolls-Royce and Empire Metals.
So, after the sale, I put £684000 into 3 ETFs, 1 US primarily capital growth
1 Global, primarily Income and
1 UK Capital and Income reinvested.
Now, any drawdown expert will tell you that 4% drawdown is easily achieved and will protect capital.
I'm out of the multi baggers in that element of my SIPP and will be happy with 10% compound growth with income reinvested.
Why wouldn't I, if I'm only drawing down 4%.
Now, those Rolls-Royce i sold, i bought at 70p, thats what 1570% gain
My remaining Rolls-Royce are at an average of 98p.
My average in Empire is 12.01p.
You have to decide when multi baggers are no longer required?
I'm holding over 13.5 million Empire, over 5 million in my SIPP.
Nettles, you called Rolls-Royce at £7 in 2020 when they were sub 40p.
I've tried to repay the favour re Empire, but you resist.
Can't help you, but re annuities and drawdown, well I know my stuff.