RE:RE:RE:RE:RE:RE:RE:RE:RE:FFN unit NAV to oct22 = approx:$17.40 Your last two posts have been brilliant. Some people have no business self-investing at all, let alone in split-share stocks ... sheesh..
mdoldon wrote: There is no 'misunderstanding' You should maybe hold off on telling some of the most experience people on the board that they don't understand what they are doing.
Nothing changes the fact that if you like a stock, and have some sort of income that you wish to use for investment purposes, then the amount YOU ALREADY have invested means nothing in terms of your return on the NEXT dollar invested, and vice versa. If FFN is paying out 10% (after the worst market drop in history) and another option pays out 6%, and you judge each to have similar risk, similar prospects etc, then your next investment should likely be FFN. NO MATTER your existing holding in the fund.
If only it was such a simple choice, right?
This seems like an analogy to an hourly employee in a progressive taxation system. You seem to be treating it like someone who won't work overtime because the overtime will put them into a higher tax bracket. That is true, your net return goes down, but ONLY on the new higher income. Your original income remains identical, and overall it's still money you wouldn't otherwise have had. Similarly with owning a split like FFN, if the cost to purchase goes up, your average % return goes down, but ONLY on the new higher priced units. Your original purchase is still bringing you in the same $$ as it always did.
You use a different strategy than anyone i have ever seen, but it's your strategy and your money. Go for it.