Apropos of nothing ... and everything
Posted: October 2nd, 2021, 9:03 pm
Evening All.
As per the title, this topic references nothing specific - yet references everything, as it is an overall musing on the sub-portfolios of my family (and when viewed as a whole "the portfolio"). The sub-portfolios are three pairs of ISA, JISAs and SIPPs - each pair performs very similarly due to their near identical structures.
In the second calendar quarter of 2021, after a process lasting around 18-24 months, everything has been consolidated, moved into tax efficient (largely nil tax) structures and the major sales and purchases executed. The basic forms are
What I've also only recently had the time to do is add our cash holdings into the mix, which has led to the following percentage ratios (Equity/Bonds/Cash)
Clearly the kids ratios are fine, but I probably need to get mine and Mrs Newroad's up over time, so I'll start pushing up the target from 66/34 to 70/30, then gradually calibrate from there (likely with a view to get the equity component in the cash inclusive ratios to 66% or thereabouts).
As I said, these are mainly just musings and may not be much of interest to others, but if nothing else, will provide a reference point as to my point-in-time thinking when I look back.
Regards, Newroad
As per the title, this topic references nothing specific - yet references everything, as it is an overall musing on the sub-portfolios of my family (and when viewed as a whole "the portfolio"). The sub-portfolios are three pairs of ISA, JISAs and SIPPs - each pair performs very similarly due to their near identical structures.
In the second calendar quarter of 2021, after a process lasting around 18-24 months, everything has been consolidated, moved into tax efficient (largely nil tax) structures and the major sales and purchases executed. The basic forms are
- ISAs 66/34 Equities/Bonds: MWY/VWRL/HDIV/VAGP
SIPPs 66/34 Equities/Bond: ATST/VWRL/BIPS/VAGP
JISAs 75/25 Equities/Bond: FCIT/VWRL/BIPS/VAGP
- I have a decent Final Salary Pension, currently maybe £15K or so per annum, plus a lump sum three times that, plus some other bits and pieces elsewhere, e.g. from my current employer and in another country which I can't bring to a UK SIPP
Mrs Newroad has an Aegon Blackrock Lifepath DC pension from her current employer, I'm guessing that's about 75/25 Equities/Bonds, plus various stock options
The kids also have MNP in their JISAs, which sits outside the above ratios as it is their grand-parental contribution from one side, it probably adds another 15% or so to each JISA.
- ISA's: Have been up as much as 4.48% but are now up only 2.01%
SIPP's: Have been up as much as 3.09% but are now up only 1.69%
JISA's: Have been up as much as 4.20% but are now up only 1.23%
What I've also only recently had the time to do is add our cash holdings into the mix, which has led to the following percentage ratios (Equity/Bonds/Cash)
- Me: 48/26/26
Mrs Newroad: 54/29/17
Child 1: 79/21/0
Child 2: 80/20/0
- Me & Mrs Newroad together: 52/28/20
Family Overall: 59/26/15
Clearly the kids ratios are fine, but I probably need to get mine and Mrs Newroad's up over time, so I'll start pushing up the target from 66/34 to 70/30, then gradually calibrate from there (likely with a view to get the equity component in the cash inclusive ratios to 66% or thereabouts).
As I said, these are mainly just musings and may not be much of interest to others, but if nothing else, will provide a reference point as to my point-in-time thinking when I look back.
Regards, Newroad