@golfaddick. Hope you are well. How have you been assessing and managing portfolios of late? Have you held to current products or rebalanced?
Very good question !!
It's been very tricky of late. Over the last 6 months I've been rebalancing client portfolios quite a bit (lockdown meaning I was at home more & not out seeing clients). Before xmas it was mostly trimming holdings in US equities (BG American being the main one that had grown exponentially) and re-weighting holdings in UK equities. However, the US has come off quite a bit (esp BG American) and losses in that area haven't been good. To compound the problem the recent falls in Bonds have now led me needing to look at where else money CAN go if I need to move money out of top heavy equity portfolios. A couple of my favourite Bond funds (Allianz Strategic and Vanguard Long Dated Gilt) have lost around 10% since the start of Feb.......although this past week have shown some signs of recovery and the above 2 funds have clawed back half of those loses.
It's a hard nut to crack. I tell my clients that they should have a well diversified portfolio, with Equities for growth and Bonds for security, and that when one asset class falls another will rise. The past month has shown that not to be true & I'm now even doubting myself as to where money should be at the moment. I think the main thing to take from it all is that you have to be looking at the long term (5 years+) and that as long as you have a portfolio that broadly matches your attitude for risk then everything should be just fine. Over that time period (from the referendum to now) my clients portfolios are averaging 8%-10% on a 60/40 asset split basis, so I dont think they can be too unhappy seeing as we've had 3 general elections, Brexit, Trump & a Pandemic during that time.
Haven't updated this for a while, so as we are heading towards half way in the first round of the FTSE100 Guess the level competition, with the FTSE standing currently at 6761.47 it's pretty close at the top;
Thanks @golfaddick. Interesting summary of the current situation and challenges.
Last year I backed myself with increased capital for investments which I've reduced of late. Being at home and able to monitor high growth pickings on a daily basis is an opportunity I won't and probably don't want in 2021. As you say, it's hard to know where to invest at present, what with such a fuzzy short term outlook. This comes with personal finance planning of what you would like to achieve in other areas of life over these possible exciting or uncertain years.
The higher bond yields/inflation concern/correction in tech really showed the value of a balanced portfolio. Even for the sale of YTD losses being minimised. Let's see what this week brings!
Like many on here I suspect, I got on board the Premier Miton UK Smaller Companies Fund about 6 months ago. And it's been an enjoyable ride. So far.
Last week I got an e-mail from Aegon saying Premier had announced that they were going to start applying
an initial 5% charge to investments in all the share classes of the Premier Miton UK Smaller Companies Fund. Does that mean they are going to go back to the old dual buy/sell pricing? If not, if you still buy through a discount broker will you still have to pay that charge?
I also noticed that from today they have increased their on-going charge from 0.91% to a large 1.66%.
Are they trying to stop people investing in the fund - as they don't want to take too much money - or just getting greedy because of the success of their fund?
Like many on here I suspect, I got on board the Premier Miton UK Smaller Companies Fund about 6 months ago. And it's been an enjoyable ride. So far.
Last week I got an e-mail from Aegon saying Premier had announced that they were going to start applying
an initial 5% charge to investments in all the share classes of the Premier Miton UK Smaller Companies Fund. Does that mean they are going to go back to the old dual buy/sell pricing? If not, if you still buy through a discount broker will you still have to pay that charge?
I also noticed that from today they have increased their on-going charge from 0.91% to a large 1.66%.
Are they trying to stop people investing in the fund - as they don't want to take too much money - or just getting greedy because of the success of their fund?
It was I that mentioned that fund on here & I also got an email from my SIPP provider stating the initial charge change. I'm going to dig a little deeper on this & will contact Premier about what it actually means - assuming that going forward any new dealings in the fund will be (like you said) on a bid/offer basis. Wont be too bad for anyone already in as it shouldn't impact too much, but will probably put me off recommending it for any new clients.
I'm in the Premier Portfolio Managers Miton UK Growth fund via ii - nothing on that fund yet re charges that I can see.
It's only that 1 fund I believe......which makes me think that @Fortune 82nd Minute might be right about trying to fleece punters who are piling into a very good fund.
I have a bit of cash sitting in Fidelity ISA, any funds worth dipping into or best to wait a few more weeks?
wait for what exactly......? No-one has a crystal ball that can tell you if markets are going to crash next week or are suddenly going to rise. I can tell you one reason why you might want to go in now rather than wait & that is if you want to use up this years ISA allowance because you want to put in £20k next tax year as well.
sorry, it is in an ISA, just get the feeling not a good time to invest in much at the moment
Well, if that's how you feel then do nothing. As I said, no-one can tell you when its the right time to invest. "Time in the market" rather than "timing the market" is what they say.
sorry, it is in an ISA, just get the feeling not a good time to invest in much at the moment
I'm a know-nothing, but feel the same as you. US market just feels so over-valued, that it has far more down-side than up-side at the moment. My logic is, no matter what the Fed is saying, the valuations seem to be hinging on 10 year treasury yields which despite a few up down days, seem to be on a pretty steady rise. Stimulus are now pretty much in the rear view mirror, so can perhaps expect some short-to-mid term growth from covid re-opening, but there are surely grey clouds on the horizon, whether they be this year or next.
sorry, it is in an ISA, just get the feeling not a good time to invest in much at the moment
I'm a know-nothing, but feel the same as you. US market just feels so over-valued, that it has far more down-side than up-side at the moment. My logic is, no matter what the Fed is saying, the valuations seem to be hinging on 10 year treasury yields which despite a few up down days, seem to be on a pretty steady rise. Stimulus are now pretty much in the rear view mirror, so can perhaps expect some short-to-mid term growth from covid re-opening, but there are surely grey clouds on the horizon, whether they be this year or next.
Just trickle the money in over the next 6-9 months.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
sorry, it is in an ISA, just get the feeling not a good time to invest in much at the moment
I'm a know-nothing, but feel the same as you. US market just feels so over-valued, that it has far more down-side than up-side at the moment. My logic is, no matter what the Fed is saying, the valuations seem to be hinging on 10 year treasury yields which despite a few up down days, seem to be on a pretty steady rise. Stimulus are now pretty much in the rear view mirror, so can perhaps expect some short-to-mid term growth from covid re-opening, but there are surely grey clouds on the horizon, whether they be this year or next.
Just trickle the money in over the next 6-9 months.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
Often the case for tech companies I guess eg Facebook/Twitter but you're right it is crazy. Regarding less business once everything opens up, I agree, looks like they have picked the golden time for their IPO!
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
It's a no from me, also.
It's a difficult one, but I think that they are building things now that will make them resilient post pandemic. The fact that so many supermarkets have signed up will be a big part of its resilience going forward in my opinion.
I do completely agree that it is a tough one though!
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
It's a no from me, also.
It's a difficult one, but I think that they are building things now that will make them resilient post pandemic. The fact that so many supermarkets have signed up will be a big part of its resilience going forward in my opinion.
I do completely agree that it is a tough one though!
at £250 etc isn't never going to lose or make you loads.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
It's a no from me, also.
It's a difficult one, but I think that they are building things now that will make them resilient post pandemic. The fact that so many supermarkets have signed up will be a big part of its resilience going forward in my opinion.
I do completely agree that it is a tough one though!
at £250 etc isn't never going to lose or make you loads.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
It's a no from me, also.
It's a difficult one, but I think that they are building things now that will make them resilient post pandemic. The fact that so many supermarkets have signed up will be a big part of its resilience going forward in my opinion.
I do completely agree that it is a tough one though!
at £250 etc isn't never going to lose or make you loads.
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
Haven’t they turned over hundreds of millions but still can’t make a profit? Also when we reopen I don’t think they’re gonna continue to have as much business. It’s a no from me.
That's the punt. It really does depend on whether or not Covid changes habits permanently. It will in part I'm sure and business levels will continue to be well above pre-Covid levels, but not sure it justifies an £8bn valuation.
It's a no from me, also.
It's a difficult one, but I think that they are building things now that will make them resilient post pandemic. The fact that so many supermarkets have signed up will be a big part of its resilience going forward in my opinion.
I do completely agree that it is a tough one though!
at £250 etc isn't never going to lose or make you loads.
I'm going for the full £1k
So you might lose £250 or make £250
Which, believe me, I will spend on deliveroo anyway.
I think the Deliveroo business model will be fine, and they'll do well in a world of Zone one jobs moving to Zone 6. People will still want stuff delivered for lunch etc.
Suspect we’ll see a run of UK tech firms IPO’ing in the next couple of years, some juicy Fintech will go in 2022/23 I reckon
Anyone interested in the Deliveroo IPO? I am considering it... Would appreciate the sage views of those on here.
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
I think it's definitely worth a punt and would myself but (unfortunately) I work for Bridgepoint (a Private Equity company) who own a big chunk of Deliveroo so I'm not allowed to. I have a question for @golfaddick though on Stocks and Shares ISAs. I already am maxed out on my cash ISA and also put £10k into a Stocks and Shares ISA. If its gone down in value during the year (which it has) can I top it up to £10k again before the end of the tax year!?
You can choose whether you want to invest the whole lot in to one type of ISA, or whether you want to split the allowance between different types. However, even if you choose to split it, you can't invest more than a total of £20,000 across the different types.
You can choose whether you want to invest the whole lot in to one type of ISA, or whether you want to split the allowance between different types. However, even if you choose to split it, you can't invest more than a total of £20,000 across the different types.
That's what I've done - split it. The stocks and shares ISA has reduced in value to less than £10k. I'm guessing that its the value of the initial investment...if it goes down because the stocks invested have gone down - then it's no longer a £10k investment. I was wondering if I could top it up again...but I'm guessing not.
You can choose whether you want to invest the whole lot in to one type of ISA, or whether you want to split the allowance between different types. However, even if you choose to split it, you can't invest more than a total of £20,000 across the different types.
That's what I've done - split it. The stocks and shares ISA has reduced in value to less than £10k. I'm guessing that its the value of the initial investment...if it goes down because the stocks invested have gone down - then it's no longer a £10k investment. I was wondering if I could top it up again...but I'm guessing not.
As CE says you can't it's what you pay In not value, but only a few weeks until the new tax year. Which reminds me, today I could my annual tax statement as to where my 19-20 tax went, depressing!
Comments
Last year I backed myself with increased capital for investments which I've reduced of late. Being at home and able to monitor high growth pickings on a daily basis is an opportunity I won't and probably don't want in 2021. As you say, it's hard to know where to invest at present, what with such a fuzzy short term outlook. This comes with personal finance planning of what you would like to achieve in other areas of life over these possible exciting or uncertain years.
The higher bond yields/inflation concern/correction in tech really showed the value of a balanced portfolio. Even for the sale of YTD losses being minimised. Let's see what this week brings!
Last week I got an e-mail from Aegon saying Premier had announced that they were going to start applying an initial 5% charge to investments in all the share classes of the Premier Miton UK Smaller Companies Fund. Does that mean they are going to go back to the old dual buy/sell pricing? If not, if you still buy through a discount broker will you still have to pay that charge?
I also noticed that from today they have increased their on-going charge from 0.91% to a large 1.66%.
Are they trying to stop people investing in the fund - as they don't want to take too much money - or just getting greedy because of the success of their fund?
I don't view it as one of the gimmicky things like the Brewdog crowdfunding etc, it seems fair.
My logic is, no matter what the Fed is saying, the valuations seem to be hinging on 10 year treasury yields which despite a few up down days, seem to be on a pretty steady rise. Stimulus are now pretty much in the rear view mirror, so can perhaps expect some short-to-mid term growth from covid re-opening, but there are surely grey clouds on the horizon, whether they be this year or next.
Yes been looking at that, think it's worth a punt, minimum £1500 I think I read.
£250 is min.
Often the case for tech companies I guess eg Facebook/Twitter but you're right it is crazy. Regarding less business once everything opens up, I agree, looks like they have picked the golden time for their IPO!
I do completely agree that it is a tough one though!
Talk about eating your profits!
Suspect we’ll see a run of UK tech firms IPO’ing in the next couple of years, some juicy Fintech will go in 2022/23 I reckon