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