Same, but I have a slightly irrational fear of such high yields.
It’s a simplistic view, I know, but if a company’s kicking out a near-10% income, I always think, perhaps wrongly, that its business model can’t be that great/growthy – else it would be reinvesting.
It’s more than that though. As much as I love a bargain, I think the importance of discounts is overdone.
I have a 30-year horizon (hopefully) so, more than anything, I try to focus on how I think the assets will perform over the long run and consider a wider-than-usual discount as a bonus.
This is a big one for me. I own too many as it is. I’m minded to rationalise them, as I’ve doubled up in some sectors, and hone in on the ones I’m most confident will outperform the ACWI in the long term.