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Twentyfour Select Monthly Income (SMIF)
Posted: May 3rd, 2024, 12:22 pm
by yieldhog
I noticed today that we got 0.75p instead of the 0.50p expected. I had forgotten the extra 0.25p promised back in April.
Nice surprise all the same.
Y
Re: Twentyfour Select Monthly Income (SMIF)
Posted: May 3rd, 2024, 2:38 pm
by 88V8
My second-highest IT holding, a short nose behind NCYF.
When I look at the SP gain + divi received it gives me that nice glow of being reminded that occasionally I get something right.
V8
Re: Twentyfour Select Monthly Income (SMIF)
Posted: May 3rd, 2024, 4:57 pm
by DrFfybes
88V8 wrote:My second-highest IT holding, a short nose behind NCYF.
When I look at the SP gain + divi received it gives me that nice glow of being reminded that occasionally I get something right.
V8
SP gain?
Looking at the chart they've declined steadily by about 20% over the last decade, only in the last year has any real headway been made up 15%, taking it back to the heady heights of 18 months ago.
Although with that level of Divi it isn't a bad performance.
Paul
Re: Twentyfour Select Monthly Income (SMIF)
Posted: May 4th, 2024, 6:48 pm
by 88V8
DrFfybes wrote:88V8 wrote:My second-highest IT holding, a short nose behind NCYF.
When I look at the SP gain + divi received it gives me that nice glow of being reminded that occasionally I get something right.
SP gain?
Looking at the chart they've declined steadily by about 20% over the last decade, only in the last year has any real headway been made up 15%, taking it back to the heady heights of 18 months ago.
Given that it's a fixed interest IT, one would expect it broadly to run an inverse track vs interest rates.
Some of my fixed interest pfo, I rode the wave up and down and just pocketed the income, this one I came in pretty near the bottom, and hopefully will get out somewhere near the top.
V8
Re: Twentyfour Select Monthly Income (SMIF)
Posted: May 4th, 2024, 8:25 pm
by moorfield
DrFfybes wrote:88V8 wrote:My second-highest IT holding, a short nose behind NCYF.
When I look at the SP gain + divi received it gives me that nice glow of being reminded that occasionally I get something right.
V8
SP gain?
Looking at the chart they've declined steadily by about 20% over the last decade, only in the last year has any real headway been made up 15%, taking it back to the heady heights of 18 months ago.
Although with that level of Divi it isn't a bad performance.
Paul
Be warned - the 0.75p interim is a bit of wool-pulling, as the dividend for the whole year at ~6.50p will actually be less than last year.
Don't hold SMIF for capital gains - it's an income oriented debt portfolio after all - be realistic about that. So you will make your TR by investing your divis elsewhere.
I hold both NCYF and SMIF in my PHY.