Dod101 wrote:absolutezero wrote:Further to earlier posts
I have now sold my holdings in the very low yielding DS Smith and Diageo and re-deployed the capital into City of London.
My yield is improved.
Presumably then you are living off your dividends and need the income? And at the risk of stating the obvious you presumably rejected the idea of selling some shares in either of the individual holdings to bolster the yield from them? That is what City of London does as you know, I am sure.
Dod
I don't spend my capital.
I know the theory behind it but I just don't like it.
If the manager decides to sell some capital to create income then fine, but I don't want to do it myself.
They have debt instruments and gearing etc. I will let them manage that.