BG American I sold out of 28th Jan, just keeping in the profit, price has still gone up in that time (20.43 to 20.81).
LT similar, I came out back in October last year although have made a small regular contribution. That one has gone from 4.57 to 5.16 in that time so not tragic.
Just trying to get to grips with your trading strategy there ! As I read it, you sold your LT holding, but then started buying back using regular payments. If that's correct, how does the outcome there compare with just leaving it in place?
I was paying in regularly anyway so just continued, but cashed in the profit and moved some to the Vanguard funds which have outperformed LT since then so seems to have been the right move. Of course you could argue I'd have done slightly better not keeping the regular payments but we are talking very small amounts here.
Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.
It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.
I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.
BG American I sold out of 28th Jan, just keeping in the profit, price has still gone up in that time (20.43 to 20.81).
LT similar, I came out back in October last year although have made a small regular contribution. That one has gone from 4.57 to 5.16 in that time so not tragic.
Just trying to get to grips with your trading strategy there ! As I read it, you sold your LT holding, but then started buying back using regular payments. If that's correct, how does the outcome there compare with just leaving it in place?
I was paying in regularly anyway so just continued, but cashed in the profit and moved some to the Vanguard funds which have outperformed LT since then so seems to have been the right move. Of course you could argue I'd have done slightly better not keeping the regular payments but we are talking very small amounts here.
Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.
It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.
I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.
Might want to watch the LTA. I know a lot of people arent bothered if they exceed it but there might be better ways of saving rather than pay excess tax on retirement.
Then again, I doubt if I need to give you or @PragueAddick any investment advice....😉.
BG American I sold out of 28th Jan, just keeping in the profit, price has still gone up in that time (20.43 to 20.81).
LT similar, I came out back in October last year although have made a small regular contribution. That one has gone from 4.57 to 5.16 in that time so not tragic.
Just trying to get to grips with your trading strategy there ! As I read it, you sold your LT holding, but then started buying back using regular payments. If that's correct, how does the outcome there compare with just leaving it in place?
I was paying in regularly anyway so just continued, but cashed in the profit and moved some to the Vanguard funds which have outperformed LT since then so seems to have been the right move. Of course you could argue I'd have done slightly better not keeping the regular payments but we are talking very small amounts here.
Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.
It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.
I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.
Might want to watch the LTA. I know a lot of people arent bothered if they exceed it but there might be better ways of saving rather than pay excess tax on retirement.
Then again, I doubt if I need to give you or @PragueAddick any investment advice....😉.
I am wary of it, if I end up continuing to work in the city past 53/54 I'll probably stop paying in and just take the cash again which I did for a while anyway.
My investments are like any thing else always an element of luck. I have a share account and share ISA. I have been moving shares across from account to the ISA each year. Not allowed to transfer so have to sell and re purchase. I have had National Grid shares in there for years. Sold about £8000 worth yesterday. I need to see that settle, move the cash over and re purchase in the ISA.
MY luck first thing this morning 99 shares in the FTSE100 were down.. only one was up…. Guess which one…. YES…. NG… couldn’t make that up …
My investments are like any thing else always an element of luck. I have a share account and share ISA. I have been moving shares across from account to the ISA each year. Not allowed to transfer so have to sell and re purchase. I have had National Grid shares in there for years. Sold about £8000 worth yesterday. I need to see that settle, move the cash over and re purchase in the ISA.
MY luck first thing this morning 99 shares in the FTSE100 were down.. only one was up…. Guess which one…. YES…. NG… couldn’t make that up …
Look at it another way, assuming the FTSE100 doesn't move back up over the next few days you can buy in at a lower level. Also, exchanging a fund that holds 50-100 UK shares it better than hold just 1 company's shares. Diversification is key.
Of interest to those of us sticking with Lindsell Train Global Equity..snippet from H-L's latest review of the fund:
"An investment in Juventus, the Italian football club, also dragged on returns. Following their involvement in the breakaway European Super League, the managers have engaged with the board to express their disappointment and continue to monitor the situation and its potential impact on their investment. "
Ha!
I knew they had bought Juventus. I also read that they invested in Celtic, wonder if they still do. They are generally reluctant to sell.
Been meaning to reply to your ask about funds...I noticed you don't mention anything in the Sustainable sector. I've gone looking there in the last year or so and the funds have done well for me, notably (1y/3yr performance%), take a look:
Baillie Gifford Positive Change: 49/142 (!!) Janus Henderson Global Sustainable:28/67 Rathbone Greenbank Global Sustainability 27/62 Eden Tree Resp. &Sustain Equity: 28/37 ASI UK Ethical Equity Ret 38/20
One caveat is that if you look closely at the holdings you might cynically feel that they look a bit like re-branded tech funds, with two of them showing Microsoft as their single biggest holding; however even a mug punter can work out why this sector should see a lot more growth, in which case its all about choosing the right fund manager.
I've got BG Positive Change in both my SIPP and ISA. Will have a look at the others.
I've been doing some research over the last few days & some BG funds have fallen off a cliff this year, especially BG American & BG Discovery. The later is currently 412th out of 413 funds in the Global Equity sector YTD. Lindsell Train Global Equity is not much better..... 386 out of 413.
Need to review funds regularly.
I am currently in the BG American, are there any alternatives that you would recommend?
nothing for second month on a trot, wondering now whether it is better being invested in a stock and shares isa
Depends on the need for the money & your risk attitude. If you think you might need it in the short term and/or are risk adverse then PB's are a safe home. Apart from that a stocks & shares ISA should be considered very strongly. Certainly if you dont need the money for 3 years plus.
The odds of him winning every month, given the reduction in prizes that has taken place over recent years, are huge.
Me too, I think he's had the maximum for maybe 6 years or so. So they aren't recent either which just goes to show you.
Weirdly his Girlfriend has £5k worth (which he sorted out for her about 2 years ago) and she seems to win about 3-4 times a year, even had £100 back end of last year.
He's clearly just got the Midas touch!
I'll be cashing mine soon I expect, no chance with the Wife's though, she loves 'being in the game' as she puts it
2 x £25 for me, 1 x £25 for mrs ltgtr. 17 wins between us this year albeit just £525 in total but nice to get. I’ve had 3 blank months this year, mrs ltgtr 2 blank months. You just hope it evens up over the year, that and get a big prize one day.
Nothing for me, 2x £25 for mrs ltgtr. I haven’t checked which bonds won but i suspect it’s that larger block of bonds she holds that keeps coming up trumps
Interesting comment today in the morning round up. Tech is the new Defensives. Forget BAT and buy Microsoft, Amazon, Paypal, etc. Working for me so far this year.
Markets are just mad at the moment, some of the funds growth has been outstanding. My top 3 performing are up 71.5%, 66% and 48% over varying time periods from 4 months to around 14 months.
That's interesting - high tech growth is the new defensive! I have seen that in the performance YTD.
Watched an online investment seminar yesterday (Waverton) & their defensive strategy is now alternatives & Government Bonds as a last resort. Another one today (Artemis) said holding cash was their last resort instead of Bonds but not for too long as inflation would mean negative growth if held for any length of time.
I just fear for investors who are putting too much into equities because they see the returns from Bonds as negative. You have been warned if markets crash again
That's interesting - high tech growth is the new defensive! I have seen that in the performance YTD.
Watched an online investment seminar yesterday (Waverton) & their defensive strategy is now alternatives & Government Bonds as a last resort. Another one today (Artemis) said holding cash was their last resort instead of Bonds but not for too long as inflation would mean negative growth if held for any length of time.
I just fear for investors who are putting too much into equities because they see the returns from Bonds as negative. You have been warned if markets crash again
I've shifted a bit of mine into bonds the past 4-5 weeks, so I'm at around 18% now. To be fair a Royal London one in my ISA is up 10%.
Any recommendations for Bonds on HL? I do need to up my portfolio allocation, despite it feeling and coming across as boring while pressing the submit button.
Any recommendations for Bonds on HL? I do need to up my portfolio allocation, despite it feeling and coming across as boring while pressing the submit button.
I'm sure Golfie will have better ideas than me, but mine are in (assuming on HL);
BG Strategic Bond B ACC Vanguard Global Bond Index GBP ACC Royal London Government Bond M ACC Royal London UTM Corporate Bond M ACC
BG and the UTM have done OK (up about 7% and 10%), the others not had long, RL Gov is down a bit, Vanguard up a bit.
Comments
Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.
It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.
I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.
Then again, I doubt if I need to give you or @PragueAddick any investment advice....😉.
MY luck first thing this morning 99 shares in the FTSE100 were down.. only one was up…. Guess which one…. YES…. NG… couldn’t make that up …
"An investment in Juventus, the Italian football club, also dragged on returns. Following their involvement in the breakaway European Super League, the managers have engaged with the board to express their disappointment and continue to monitor the situation and its potential impact on their investment. "
Ha!I knew they had bought Juventus. I also read that they invested in Celtic, wonder if they still do. They are generally reluctant to sell.
£25 each for my wife and I, Nothing for elder daughter, 1x£50 for younger daughter (didn't even know they did £50's still).
The odds of him winning every month, given the reduction in prizes that has taken place over recent years, are huge.
Weirdly his Girlfriend has £5k worth (which he sorted out for her about 2 years ago) and she seems to win about 3-4 times a year, even had £100 back end of last year.
He's clearly just got the Midas touch!
I'll be cashing mine soon I expect, no chance with the Wife's though, she loves 'being in the game' as she puts it
I just fear for investors who are putting too much into equities because they see the returns from Bonds as negative. You have been warned if markets crash again
BG Strategic Bond B ACC
Vanguard Global Bond Index GBP ACC
Royal London Government Bond M ACC
Royal London UTM Corporate Bond M ACC
BG and the UTM have done OK (up about 7% and 10%), the others not had long, RL Gov is down a bit, Vanguard up a bit.