Views sought - Retired but wanting to continue to accumulate

[xeny]

To be honest though I'm more concerned with getting the cash I have working for me such that it beats SJP performance.
If I can do that over a new of years then my thinking is that I'll be in a good position (and have the confidence) to manage the pension money currently held by SJP (transfer into a SIPP).

Have you considered assessing the historic performance of a couple of portfolios over the past few years?

One a straight 60/40 equity bond split (or just monitor LS60 and accept the home bias) and one reasonably closely matching the SJP portfolio albeit one hopes with a lower fee handicap, and getting the confidence that way?

My impression of SJP is that their magic is in recruiting clients and designing fee structures rather than investment returns.

[Festerarl]

Have you considered assessing the historic performance of a couple of portfolios over the past few years?

One a straight 60/40 equity bond split (or just monitor LS60 and accept the home bias) and one reasonably closely matching the SJP portfolio albeit one hopes with a lower fee handicap, and getting the confidence that way?

That's a fair point - I'll take a look.
I know last year I was 10% up against SJP 3.5% up but my volatility was greater.
Not sure how to factor volatility in at the moment.
Thanks

[FrankSeymour]

Have you thought about purchasing a few bank bonds ??
Look at BOI NWBD or LLPC held in a tax wrapper (ISA or SiPP)
you will be getting about 6% income, the capital value will fluctuate
but long term does that matter?
i bought some of these as opposed to an annuity, i will always have capital to pass on.
Good luck

[Festerarl]

Thanks Frank.
No I wasn't aware of those, and if they check out, it'll make sense.
Very unlikely that the banks will be allowed to go bust in the UK/ Ireland I think.
Clearly not the case in the US

[ursaminortaur]

Have you thought about purchasing a few bank bonds ??
Look at BOI NWBD or LLPC held in a tax wrapper (ISA or SiPP)
you will be getting about 6% income, the capital value will fluctuate
but long term does that matter?
i bought some of these as opposed to an annuity, i will always have capital to pass on.
Good luck

BOI are bonds which pay interest but NWBD and LLPC are preference shares paying dividends. If held in a tax wrapper that doesn't really make much difference but does if held outside. Thanks to Mark Taber's campaigning BOI survived the financial crash. LLPC also survived though they stopped paying dividends (NWBD have some protection against such a stoppage which would require more NWBD preference shares to be issued to holders in the event of such a stoppage). It should be noted though that in a future financial crash affecting the banks it is unlikely that any of these would survive the new bank resolution regime.