ADrunkenMarcus wrote:If you're reinvesting dividends then a low share price is a benefit. I saw that in 2008-09 when my TMPL dividends bought an increasing number of shares each time they were paid and reinvested automatically. That benefit is diluted somewhat when the dividend is cut.
Best wishes
Mark.
It's a good principle to invest in pooled investments like ITs when the price is down - eventually, they generally turn around, but by no means always.
I've been doing that with TMPL since 2011, investing occasionally on dips, but the trashing of the share price this year has undermined everything gained, leaving a very slow overall progress with a TR of 4%-ish for 9 years. Ouch, Given courage and resources, I should be plugging more in now, but wll it really come right eventually? My patience is beginning to fray, and the change of manager, far from helping, has worked against my enthusiasm for the moment.
On balance, if I was flush with funds, I might keep taking the medicine and invest another dollop, but at the moment I'm not
The outlook is hardly encouraging for UK stocks, and I fear TMPL will be held back if only because of that, even though it owns shares in some worthy companies.
Arb.