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EX-DIVIDEND - buying for income     

terod - 29 Sep 2003 11:58

calling LITTLE WOMAN....

hi there, do you b/s high yeilders for divi income? i'd like to add this to my overall strategy but not sure if about timings...any advice?

all advice welcome.

t.

little woman - 05 Oct 2003 17:14 - 7 of 8

I've told this story before, so if you've already read this I'm sorry to repeat it!

20+ years ago one of my schools friends lost her father who left her mother, her brother and her - a share portfolio each (he had no pension as he had worked much of his life in Malawi & Botswana for himself.) My friend & her brother each got 75K's worth but what really impressed me, was that the div income from her mothers portfolio at the time was 35K pa. Her mother is still alive today, and has never had to adjust her lifestyle as over the years the div income has increased and so has the value of the portfolio.

terod - 06 Oct 2003 10:10 - 8 of 8

l/woman - no i hadn't read that. thanks - i'm not a great believer in traditional pensions (not through ignorance, just my ol mum always said you get richer, quicker, sticking under your mattress - foolish....perhaps)

i'm not the bread winner in the household, what i'm doing is largly for fun/to learn but there is a part of me that would love to leave such a legacy behind.

cheers.

t.
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