u/George_Salt

Something a bit different from the usual VALL/VWRP and chill or random Take Two and Space-X tombola picks, maybe of interest for the older members of the sub.

I'm starting to look ahead to taking income rather then pure growth. I'm older, self-employed with an irregular income, and wanting to grow a baseline income from investments that can sit there reinvesting into itself until I need it and turn the DRIP off.

I have some criteria:

1. Candidate funds/stocks must have a track record for growing dividends.
2. Dividend must be sustainable.
3. Estimated AAR of 8% or better.
4. Must pay dividends in GBP, this avoids currency fluctuations.
5. The portfolio must, so far as practicable, produce an evenly distributed income across the year.

UK equity income is fairly easy to achieve whilst meeting the criteria using CTY, MRCH and HHI. Broadening out to the ROW is proving frustrating, even waiving the GBP requirement. There are some months that funds/stocks do not like paying out on.

1. and 4. rule out LDGG, although I do hold it.

The CTY-MRCH-HHI pie shown yields £1k/year for every ~£22.5k held with an estimated AAR of ~10%.

For those also at a point where they're looking at income, what funds have caught your attention?

A couple of hours Atlantic surf fishing into darkness last night. Fishing light to move with the incoming tide, just the one rod. Half a dozen squid baits, and working through my rigs to find one that didn't tangle in the washing machine surf. Settled on a simple up and over, circle hook with dongle. Just one doggie to show for it, but it beat the blank. Lovely evening to be out.

Been a couple of years since I last fished here. Just a casual session today to check out the water with some artificial baits. Need to get along to the tackle shop for some rag and squid on the next couple of days.

https://www.bbc.co.uk/news/articles/c629g2w56rpo

Impressive seizures.

Brilliant session on the sand at Old Hunstanton on Thursday. Fishing 8-11pm with highwater at 10pm, just after sunset. The scratching rig was baited with fresh lug and was kept busy all night, starting with a couple of small flatties and then the schoolie bass showed up. Bass only to 29cm, mostly quite a bit smaller. Every cast a fish.

The other rod was baited with whole raw jumbo king prawn (head-on, unshelled) on a 2-hook flapper dongle rig. No action until 10 and then a solid bite and several runs landed a 8lb 10oz smoothhound. The bait was still in good shape, although the rig needed quite a bit of untangling, so the same prawns went out and 10-15 minutes later landed another ~8lb hound (the one shown being released).

Perfect night for it, still t-shirt temperatures as I was packing up.

Digging a test pit in the attic and I've found a time capsule from the past. Can't remember what happened to the 48K, but there's a boxed +2A Lightgun set-up up there.

More obscure tapes to follow, many of them games I'd completely forgotten about.

Blanking in the early spring sunshine this afternoon, Cromer Pier, Norfolk. It's good to be out.