You won't lose anything if you don't sell.
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From Craigs research today.
"Owning shares in quality businesses that pay growing dividends remains an excellent strategy for wealth creation,not to mention inflation protection.While disconcerning periods of volatilty and weakness are simply the price we pay for superior long term returns."
Ummmm...how do I get that image out of my head lol. Suppose we should move the bleating to the black Monday thread. Actually speaking of that I just posted something interesting in there.
If this is a garden variety correction (which averages 13% since world war 2), we are most of the way through the pain already so hopefully just the socks to go and that's it ! (trying to keep my sense of humour because lets be honest, we've all had a **** month and are in the same boat).
Yes that's a timely reminder from Craigs.
Assuming they put up the dividend by half a cent this year to 9.5 cps fully imputed at $1.54 the gross yield is 8.57%.
Just a "little" better than you get with Heartland investing on the fixed interest side of the ledger.
" just the socks to go and that's it "
What then ??. Off to the showers ...