From Yahoo Finance: 2024-05-09 06:02:30

The investor has been adding FTSE 100 income stocks to their SIPP over the past year and is now reaping the rewards with high and rising yields. They have received dividends from companies like Lloyds Banking Group and Taylor Wimpey, with M&G offering a yield of over 9%. They plan to reinvest the dividends received to grow their wealth further.

While most of their high yielders have performed well, M&G shares have only seen a modest increase. This is partly due to the interest rate outlook, but the company’s profits have exceeded expectations, indicating strong cash flows. The investor sees potential for their M&G investments to double in value over seven years, as dividends are reinvested over time.

The investor views their progress towards retirement as a long-term journey, with small steps in investing leading to eventual financial security. They remain optimistic about the potential for their dividend-paying stocks to grow their wealth significantly over time, despite short-term fluctuations in share prices.



Read more at Yahoo Finance: My favourite FTSE income stock has just paid me £408.27. Here’s how I plan to turn that into a million