I don’t have any German dividend paying stocks so I wouldn’t know what should be correct. If the help page I linked to is incorrect then it needs to be updated.
@Freetrade_Team Please can we have some clarification for @Panik and the rest of us?
@JimmyJ above is completely right in terms of what is written in the Help. The double taxation treaty indicates a different rate. But the note above says 0% withheld in the GIA so this is bound to confuse …
Yes my account is only 1k atm but I can’t do much until September next year once I max my help to buy out I’m going to go plus then I have an extra 200 a month to pump in, then plus will seem worth it as the pot will grow fast with the extra cash going in and I can use some features.
I mean having plus when you’re only putting in 100 a month is semi pointless for me as setting up buying orders with 100 yipeeee lol
While a good guide, I don’t think they’re necessarily hard-and-fast rules. I tend to avoid highly cyclical stocks but, for a high-yield portfolio, I’d probably want TW and RIO in there. That said, if I was to go this route, it would be easier – and arguably better – to buy investment trusts instead.
The message from @rehpot’s summary is: diversify. Tried and tested message .
I read an interesting point somewhere once. If all your stocks are green then you probably haven’t diversified well. Tongue in cheek. But there is a point to that statement.
Diversification is key for a high-yield portfolio but it’s often overlooked.
I see so many portfolios crammed with stocks from similar sectors and industries, eg three banks, two insurers and an asset manager – but what happens when financials nosedive and dividends dry up?