Another brief one, and no answer yet to that little problem, too hot too think!
Anyway FTSE100 down 24 today and the portfolio is down as well, by £1,400.
Not a big deal, £1,400 doesn't buy much these days!
Just started a regular investment - £2k/month into a bunch of ITs, all at a discount so it's a no brainer really.
Whar is a discount on an IT?
IT is an ivestment trust and sometimes they trade at a values less than their NAV (net asset value).
Still none the wiser, basically it means if the company folded the receivers could sell of all the assets for more than you paid for it so you would actually get more money back than you paid!
Thats why its a no brainer. There's nothing to lose and all to gain, and remember they pay a nice fat divi of between 2% and 5%!
See ya later folks.
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