Can you post the portfolio here please. We do not encourage direct links to own blogs. Raptor.
All comments welcome either there or here.
Ticker | Name | Portfolio Percentage BRK.B | Berkshire Hathaway Inc. | 2.2 LON:AV | Aviva plc | 2.3 LON:BKG | Berkeley Group Holdings PLC | 2.5 LON:BT.A | BT Group plc | 1.4 LON:CTY | City of London Investment Trust plc | 4.4 LON:FCS | F&C Global Smaller Companies PLC | 2.7 LON:GFRD | Galliford Try plc | 1.6 LON:HSBA | HSBC Holdings plc | 4.5 LON:HSL | Henderson Smaller Companies Inv Trst PLC | 5.6 LON:IMB | Imperial Brands PLC | 5.2 LON:ISAT | Inmarsat Plc | 2.0 LON:LGEN | Legal & General Group Plc | 4.8 LON:MNL | Manchester & London Investment Trust plc | 2.4 LON:MYI | Murray International Trust plc | 3.1 LON:PFC | Petrofac Limited | 1.6 LON:RDSB | Royal Dutch Shell Plc | 3.7 LON:RIO | Rio Tinto plc | 4.5 LON:RMG | Royal Mail PLC | 0.9 LON:SMT | Scottish Mortgage Investment Trust PLC | 4.5 LON:SSE | SSE PLC | 2.6 LON:ULVR | Unilever plc | 1.8 LON:VWRL | VANGUARD FUNDS PLC VANGUARD FTSE ALL-WORLD UCITS ETF | 20.3 LON:WPP | WPP PLC ORD 10P | 2.0 MUTF_GB:FUND_EQUI_I_ANRT8N | Fundsmith Equity I Acc | 5.6 MUTF_GB:VANG_LIFE_100_J10ZSC | Vanguard LifeStrategy 100% Equity Fund A Acc | 7.8 | | | | 100.0
Fair enough BoB. I understand where you're coming from with some of that.BreakoutBoy wrote:So having become utterly cheesed off with getting moderated to death over on the HYP Practical Forum and elsewhere on Lemonfool, I am hanging out over here in the quiet for now.
So lets start by comparing length and girth. I don't really get where you're going with it, so what's the XIRR of that fine folio of yours, may I ask?I like to chat about my portfolio and shares in general, and am not shy about having an opposing point of view.
And now, having clearly made that point, can I please suggest that you now stop discussing board moderation, otherwise I think you'll be inviting the same issues onto this thread as well.....BreakoutBoy wrote:
So having become utterly cheesed off with getting moderated to death over on the HYP Practical Forum and elsewhere on Lemonfool, I am hanging out over here in the quiet for now.
I like to chat about my portfolio and shares in general, and am not shy about having an opposing point of view.
This last financial year, upto April, my ITs almost matched my Equities for dividend income (%) but the capital side the ITs have won big time. Maybe an indication of the state of the uk markets as my ITs cover asia etc and small cap. Fortunately all my ITs are in my SIPP.BreakoutBoy wrote:I am going to hangout over here on this thread and avoid posting on the more heavily moderated boards, as I prefer a no-limits discussion. It's less disruptive for other readers that way, and anyone interested can follow my progress if they want to.
I started buying individual shares, then ITs, then found Monevator and decided that passive investing made some sense and so built up a chunk of Vanguard global to act as an anchor to allow me the comfort of some index hugging: by doing so I can't win big, but equally I can't deviate too far from the MSCI global index. In terms of split, the ITs have so far slightly outperformed the tracker and the aggregate of the individual shares so it is an e asy decision to add to them in spite of the costs. Aiming for an even split across the options eventually, as new money added.
I've seen a similar enhancement in performance from my own IT's, especially those related to relatively high-yield shares, and added to Raptor's recent post that's confirmed a similar view, and what I take generally on these boards to suggest that it's been a widely-seen phenomenon, it then brings into question what might happen in the future, specifically with regards to your 'easy decision to add them' in the above paragraph.BreakoutBoy wrote:
In terms of split, the IT's have so far slightly outperformed the tracker and the aggregate of the individual shares so it is an easy decision to add to them in spite of the costs.
Would it help to look at the discount level on the ITs?Itsallaguess wrote:
I only mention this because on the face of it I'm thinking exactly the same thing; I've got cash I would like to invest and my higher-yielding IT's seem like the natural landing zone for those new investments, but I can't seem to shake off the feeling that there'll be some sort of 'reversion to mean' somewhere along the line, where individual equities might 'catch up' in terms of valuation, or perhaps more likely might be a tick-back in the value of the IT's themselves, given that on the face of it their recent out-performance might not stand up under any sort of real scrutiny when we look at the underlying holdings that have not performed in the same way....
Itsallaguess
Yes, sorry, I should have mentioned that I do keep an eye on the discount/premium levels of my IT's, especially if I'm in 'accumulation' mode, and whilst I appreciate that a good level of discount should afford some extra level of 'protection' in terms of likely movements against any potential underlying-effects, there comes a point where I'll consider discounts or premiums 'around the edges', to fall into the 'general noise' category, and so they won't usually affect my investment decisions to any great degree, but I do take your point and it's good of you to raise it when I failed to do so in my earlier post.tramrider wrote:
Would it help to look at the discount level on the ITs?
If the ITs are at a discount, that will be relative to the constituent share prices, so any reversion to the mean by the market, which reduced the single equity prices, shouldn't have any worse an effect on the IT prices. Any ITs at a large premium are more likely to suffer a greater drop during a reversal.
I don't think your position is irrational at all, just cautious, and that is a good lesson for all of us.Itsallaguess wrote: And I'll be the first to agree that my position might well be seen to be fairly irrational, and that I should perhaps just plough on regardless if I think IT's are best placed compared to individual equities, but I only raised my position due to BreakoutBoy's view further up this thread that due to his IT's out-performance compared to other areas of his portfolio, it made the decision 'easy' for him to continue investing in them, when that same out-performance had actually made the decision much more difficult for me personally...
Still, I guess that's what makes a market! If I don't start to do something soon, however, I'll have to start to wonder what I'll do when I get to 20% cash!!
Cheers,
Itsallaguess
I am starting to build up my buffer again after recent "spend", though I keep that outside of my "dealing accounts" in Savings accounts, currently paying 1.04% and 1.14% (the 1.14% has restrictions on removal of cash). not a lot there at the moment, about 1.3%. Thought there is another 1% held in my ISA and SIPP which will be used at some point to "buy" more.tramrider wrote:I don't think your position is irrational at all, just cautious, and that is a good lesson for all of us.Itsallaguess wrote: And I'll be the first to agree that my position might well be seen to be fairly irrational, and that I should perhaps just plough on regardless if I think IT's are best placed compared to individual equities, but I only raised my position due to BreakoutBoy's view further up this thread that due to his IT's out-performance compared to other areas of his portfolio, it made the decision 'easy' for him to continue investing in them, when that same out-performance had actually made the decision much more difficult for me personally...
Still, I guess that's what makes a market! If I don't start to do something soon, however, I'll have to start to wonder what I'll do when I get to 20% cash!!
Cheers,
Itsallaguess
At present I have 30% in cash including a safety net, due to receiving the proceeds of the sale of our old house after moving into a retirement bungalow. I am intending to drip it into the ITs in my ISAs over the next couple of years at a couple of thousand per month, as I share your uneasiness with the state of the market. I try to wait for the dip each month as the market oscillates up and down. I have tried to wean myself off single equities as I seem to be quite poor at picking them and they form the red section of my portfolio!
Best wishes,
Tramrider