Dod101 wrote:Somewhat off topic but that is why I think it is necessary to hold a Growth portfolio as well as a HYP. By definition a HYP is concentrating on high yield shares and often these are defensive (is this a joke?) and sometimes ex growth so I think we need to look to more growth shares as well.
Anyhow we can all breath a sigh of relief I guess with Vodafone. At least there is no cut but some very large impairment charges, cutting the assets and thus increasing the gearing ratio. That can hardly be good news.
Dod
I have some growth shares, but I often wonder "what is the point"? After all, they contribute nothing to my income unless sold, and even excellent companies or ITs with small dividends are almost a waste of space - contributing little to my general wellbeing. Take Finsbury Growth as an example, excellent growth in income and capital, but pretty useless as a pension provider. Hardly worth the effort of entering the dividends I receive: the same could be said of RB.
PS - I own shares in both!
Arb.