RE: RE: Re: Getting crushed19 Jan 2018 09:27
Hi methusaelah, Ihave held these almost from day of issue and yesterday I sold half also 60% of inpp but none of 3IN.
Overall I had 16% of my entire portfolio in these and decided , reluctantly, that safety of capital now outweighed the excellent yield. The plan I selected was to review the performance again today possibly selling the rest of both if there was further weakness. How to replace the divis? Don't know, but my attitude is no rush in a falling market. Further, managers of Seneca Global recently announced they have decided to reposition for a global recession in 2019. My portfolio is primarily for my learning disabled son and though they may be wrong, I take this very seriously.
Best wishes with your investing. Play safe and have a small 'flutter' fund. That is holding me in good stead now.