15 MAY 2017 - Market Report

Another bit of a mixed bag, reprt's a bit late today, problem with my IC Portfolio email.

Anyway, it's finally down a bit, £273 only - hardly a worry

Losers
IMB -1.47% -£189
BBOX -1.44% -£160


Winners
HSBC +1.05% £62
Black Rock Index Linked fund +1.07% £103

We were due a small drop after a rise every day last week.

Now I'm looking at drip feeding into a few Investment Trusts, namely Temple Bar, Bankers, Law Debenture and maybe Merchants, all of these cover global and UK equities in differing styles and all trade at a discount, I'm looking at something like £500/month into each one to start with.

As I've used up my ISA allowance these won't have any tax freee status and as we all know from next year, 2018 you can only earn £2,000/year in dividends tax fre. It was educed at the last budget from the current amount aof £5,00.

So i don't want to build up too much outside an ISA and £20,000 will easily be below £2,000 even if they earn say 5%, which they won't, the real returns come from reinvesting your dividends, and of course you all know that don't you?