vrdiver wrote:I don't remember this question coming up during the Global Financial Crisis, when there were also a large number of dividend cutters.
Why is it suddenly an issue this time around?
Because the
HYP Practical guidance at the time did not say anything about the FTSE100 yield! All it required about the yields of HYP shares was "
The type of strategy discussed on this board invests in shares: ... • With high dividend yields, and safety factors that suggest that their dividend income is sustainable and will hopefully grow. ..." - and that's how it stayed until the TMF boards were closed (and arguably until the TLF HYP Practical guidance came out was published about a year later, depending on whether one thinks that no guidance was in effect during that year or that the TMF guidance was still in effect by default).
Arborbridge wrote:I think you may have missed the point. This isn't about one's needs - it's a discussion about what the FTSE100 yield is for the purposes of HYP considerations.
Not quite - it's a discussion about what the FTSE100 yield is for the purposes of the
HYP Practical guidance. People can take whatever considerations they like into account when investing - the guidance only limits what they may discuss on HYP Practical.
Arborbridge wrote:vrdiver wrote:I don't remember this question coming up during the Global Financial Crisis, ...
My feeling about the first part is that the posters at that time weren't so disruptive. ...
I think that's 'good old days' syndrome - posters were
very disruptive from the autumn of 2007 to the spring of 2008, to the extent that the TMF moderators eventually decided to split the original HYP board to allow those who just wanted to run their HYPs in practice to get away from the disruption. It worked fairly well for a few months, but the disruption started up again - I suspect (but don't know) because those who would post their arguments against HYP found their lives rather empty when serious HYPers weren't around to argue back...
Dod101 wrote:The whole thread was supposed to be a debate (for right or wrong) about the FTSE100 yield and how to identify it currently. It was not about how to pick HYP shares nor to consider whether the yield on an IT is a good substitute for it.
Correct. I thought I was very specific about that in my OP, but almost everybody has decided that it's a good excuse to discuss what they think the HYP Practical guidance
should be, not how to deal with this aspect of what it
is. Yes, I could report vast numbers of posts for being off-topic for the thread - and I've been tempted to do so... But it's not worth either my time or the moderators' - I'll just leave with the strong impression that people (including a moderator) aren't interested in making this aspect of the current guidance work.
Arborbridge wrote:When you say it was "supposed to be", I'm not so sure.
Look at the thread from which this was transferred, and the earlier posts within this continuation thread. ...
I'd suggest you make a start by looking at the
earliest post in this thread!
Gengulphus