PrefInvestor wrote:richfool wrote:Perhaps I should not have used the word "yield", in my comment, and instead used the word, booked or secured a "return" of 6.4% on my £1 investment. Because that was the reality of it. I had put my £1 to work, and secured a dividend of 6.4% on that £1.
Accepted that later when that £1 became worth £1.20 then the return or yield on the £1.20 would be 5%. And yes, I am aware of and do take note of TR.
Hi richfool, No offence meant by my comment. Buying BERI when you did was a good call so congratulations.
I don’t know why it is but Renewable and Energy Transition investments seem to come in only two flavours don’t they ?, Income but little Growth (the green energy trusts like FSFL, NESF, UKW, TRIG etc - now that everyone is sensitised to the huge premiums issue anyway) and Growth but little Income (INRG, USF, most of the single stocks that make or service renewable components). So BERI is the best compromise I’ve seen for a while, just hope it continues.....
ATB
Pref
Hi Pref, no issues or problems. I have been caught/challenged a few times before over using the word yield inappropriately.
Yes, I concur with your comments/assessment about there seeming to be only 2 flavours/types of investments in and around renewable energy. I am loathe to buy into the capital growth ones, such as INRG which I flirted with a while back, as they are already up some 30% in the last 6 - 9 months. And as you say the income producers offer little in the way of growth prospects. Though as you may be aware, I do already hold IEM, which falls into that growth and no income category.
Of the income producers, after selling both TRIG and JLEN, I did in fact buy back into TRIG after it fell due to the capital raising exercise, though a smaller holding.
I have also been flirting with, and taken a small position in, JGC (Jupiter Green Investment Trust), but it is a very small trust, with virtually no dividend (well less than 1%) and trading at a premium, albeit about 2.25%, though it does hold the type of stocks I was aiming at.
Getting back to BERI, I accept that BERI might be considered a somewhat obscure and quite limited way of gaining exposure to green energy, but to me I was happy to take the metals, miners and some traditional energy (and oil) exposure that went with it, not to mention the dividend yield. That was also partly because of the additional stimulus from central banks. For a similar reason, I more recently added CYN (CQS Natural Resources Growth & Income trust) which includes miners, resources, the odd energy stock, some rare minerals and lithium (for batteries).
Note, from the battery technology perspective, my holdings of SMT, Monks and USA include exposure to Tesla.
https://www.hl.co.uk/shares/shares-sear ... -ord-gbp.1https://www.hl.co.uk/shares/shares-sear ... income-25pRegards
richfool