My Stocks and Shares ISA has two roles. The first is to build up my wealth while I’m working. The second is to release income after I retire.
I’ve got some whizzy growth stocks in there, including cosmetics maker and outsourcing firm . But I’ve also got a heap of income-paying blue-chips, and I’m pinning most of my hopes on them. Today, they’re largely overlooked by investors, who would rather ride with the Magnificent Seven US tech heroes.
My FTSE faves may be a little boring but they’re beautiful in their own way. FTSE 100 beauties I prefer to buy stocks when they’re out of favour, rather than riding high. That allows me , and secure an elevated yield.
My view is that UK dividend stocks would swing back into favour once interest rates peak and savings rates and bond yields fell. That scenario has taken longer to pan out than I hoped, but it should happen at some point. And when it does, I hope to bag some on top of my dividend income.
My favourite less-than-magnificent seven blue-chips are ( ), , , , , and . They’re dull compared to, say, and , but do offer the occasional flash of excitement. The Taylor Wimpey share price is up 33.
79% over the last year. And it still has a trailing yield of 6.1%.
Lloyds is up 29.11% and yields 4.64% (that’s forecast to hit 5.
5%). The Phoenix share price has been boring for yonks but it does yield 9.92%.
It was a beautiful day when the last dividend hit my portfolio. Dividend income heroes ‘s been interesting, but in the .