Member Info for Realist1

You can check all dividends here:

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=AV.

End of day spike underway. Are we finally moving away from the support levels?

If you ignore the bubble and, depending on the exact price you would have bought and sold, there has been the potential to have doubled your money in five years with SMT. Therefore, there is no reason to suggest this is a negative investment. I think most fund managers would be satisfied with this performance. For myself, I look at the down days as a buying opportunity.

Oh well, at least when it comes to dividends, we have the highest paying trust:

https://www.proactiveinvestors.co.uk/companies/news/1007111/25-high-yielding-investment-trusts-flagged-as-isa-deadline-looms-1007111.html

According to the technicals, 697 is the first support level. If it breaches this, we could be going down to 692 and then 681.

I think people are right to be critical. BG US Growth Trust has also dropped 40% in the past year, underperfroming the S&P 500 so it makes you wonder how much these fund managers know. I would not be wanting to put large amounts of money into any of these funds. Then there is the famous Cathie Wood US funds. Another disaster area.

Well, those who kept the faith and reinvested their dividends as it approached £2.40 should now be adequately rewarded. Considering the so-called super funds like Cathie Wood's ARK innovation or SMT that has dropped by more than half from its peak, this has performed magnificently. Still, let's not be complacent.

Here is another point of view:

https://www.telegraph.co.uk/investing/funds/sell-scottish-mortgage-top-city-broker-tells-investors/

I lived in Canada for 23 years and found, for the most part, they were well prepared and used to the cold weather and life would go on close to normal. Some winters would be worse than others of course. Not like the UK where half an inch of snow shuts Heathrow down.

If we have to move into a defensive mode in 2023, the insurance companies may be the best bet. Especially if you pick up on the dips which I am sure will happen. Good luck to all. We will probably need it.

Fund managers buy and sell all of the time. That is what we pay them for, i.e. to manage. It is always only the main holdings that are shown in the large print. I doubt they are not operating within the rules.

With respect, anyone who is not comfortable with this fund should move on but not be surprised if they find more of the same going on elsewhere unless it is an index tracker.

If you look at the performance of this fund over the past 20 years, it is easy to see its movements go from the positive to the negative, depending on World events. Surely, when the fund is down, the best strategy is to continue to reinvest the very generous dividends and wait for the fund to cycle back up again and maybe take a few shares off the table in the good times?

https://www.google.com/finance/quote/HFEL:LON?window=MAX

A dividend record here and notification of future dividends for anyone who follows:

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=IUKD

Trotsky

The dividend allowance for the next tax year is £1000 and £500 for the years after that. A very bad state of affairs.

May be of interest. Also streamed live:

https://www.marketscreener.com/quote/stock/HENDERSON-FAR-EAST-INCOME-4006569/news/Henderson-Far-East-Income-Notice-of-Meeting-42280408/

Well I am pleased The Times points out 'years of underperformance' under the previous management which is about 20 and it is not just long-term investors like myself that are accused of being negative for the sake of being negative.

Hopefully, going forward, we are going through a consolidation phase which will eventually see the share price settle of £5.

And, regarding house prices, don't forget the inheritance tax the government is looking forward to, so it is in their interest to keep prices as high as possible.

Skier, You are right about the S&P 500. I keep the bulk of my money in a S&P 500 ETF (VUSA) and it has more or less doubled in the past five years. In fact, the S&P 500 has increased an average of 10% per year since its formation almost 100 years ago. It is also volatile if you want to turn your hand to day trading.

However, HFEL gives some diversification and we should look at it in the context that most funds and shares are down at the moment and I still believe it can be lucrative in the long haul. It could be worse, look at the fall SMT has had. It is probably 50% down from its peak.

In a decade, China will probably be the World's largest economy and this will have a positive effect on the other countries in the regions. They probably will not return to the growth of the past 10 years but will have 4 to 5% growth.

It is times like these when it pays to look long term and reinvest dividends unless you are a day trader.

Of course, just my opinion, a lot can happen in 10 years.

I originally bought this as a buy and hold income producing ETF but, given the volatility, I think the best strategy is to sell on strength and buy on weakness.