the latest sell-off hits our Income Portfolio’s value; fortunately dividends are much less volatile

Questor Income Portfolio: several of our holdings have fallen during this week’s bout of pessimism but we have no reason to fear for our income

The stock market took a severe tumble on Wednesday and some of our stocks bore the brunt: Lloyds Banking Group and Legal & General both lost 3.3pc and Next fell by 4pc. Crest Nicholson, Royal Mail and OneSavings Bank also suffered. Yesterday brought milder falls.

But readers of this column are familiar with the fact that share prices are far more volatile than the earnings and dividends of the companies concerned and we will take these movements in our stride.

None the less, this week’s share price falls are reflected at least in the capital gains section…