Attention: Please take a moment to consider our terms and conditions before posting.
Savings and Investments thread
Comments
-
£25 for the 3rd month running for Mr " Moneybags" F !0
-
Yup, unbelievable.LonelyNorthernAddick said:
Is he still on his hot streak of however many months?Rob7Lee said:I'm with Golfie, go for growth and my Structured products currently look healthier than 4% @golfaddick !
Can you have an ISA or do you have an equivalent in your country?
PS £25 for me on the PB's, £100 for Mrs R7Lee and that bl00dy father in law of mine wins again with 2x £25! Nothing for the kids.0 -
Oh man, please don't :-) Had a Zoom call with my nephew last week, he wanted to talk to me about cryptos, get my opinion on something. Or so he said. Didnt want my opinion at all, as soon as he realised I'm still a sceptic, just wanted to convert me by suggesting I could "stake" cryptos. Lordie. 90 minutes later it ended, with me feeling very dispirited and hoping I hadn't been too hard on him. Next day my sister told me that after the call he'd been in upbeat mood and told her he'd had a 'good chat" with me. It's a cult, I tell ye..Chaz Hill said:
Surprised you aren’t seeking advice over on the Crypto threadPragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA
- a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Finally £25 for me this month from the PBs. Junior also got £25 but nothing for Mrs Chaz. 1 -
PragueAddick said:
Oh man, please don't :-) Had a Zoom call with my nephew last week, he wanted to talk to me about cryptos, get my opinion on something. Or so he said. Didnt want my opinion at all, as soon as he realised I'm still a sceptic, just wanted to convert me by suggesting I could "stake" cryptos. Lordie. 90 minutes later it ended, with me feeling very dispirited and hoping I hadn't been too hard on him. Next day my sister told me that after the call he'd been in upbeat mood and told her he'd had a 'good chat" with me. It's a cult, I tell ye..Chaz Hill said:
Surprised you aren’t seeking advice over on the Crypto threadPragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Finally £25 for me this month from the PBs. Junior also got £25 but nothing for Mrs Chaz.
2 -
Well the markets continue to perform. My SIPP (and ISA's) continue to increase and hit all time highs. I'm staggered by my SIPP in the last 12 months TBH where the growth has far exceeded my annual net income, in fact I think it's just passing Gross income, If it continued at that pace I'd hit the LTA in under 3 years time, especially as I still pay in to works pension (just to get my companies matching) but don't expect that level of growth every year.
I transferred provider for my SIPP to Interactive Investor on 17th July 2020 for my non work pension from Fidelity and another transfer in January 2021 and my growth overall is now at just under 24%. Staggering really.
I've sold a few more bits in the SIPP to take/bank some profit. Although it's becoming more difficult to then reinvest but have stuck some in both HSBC Global Strategy and Vanguards similar funds (20/60/80/100 ec) funds. Japan seems undervalued but already have about 10% of the total in there.
So anyone got any great tips on funds!?!
EDIT, just looked based on current values, 80% Stocks (mainly because I just sold about 7% so that's in cash and the rest in bonds).
Weighted;
35% Europe (22% UK)
42% Americas
22% Asia
I'm thinking topping up the bonds a little.0 -
Out of interest Rob, who are your UK funds with?0
-
A list of all my funds in my ii SIPP, obviously some are worldwide so will have some UK in there, I've highlighted the pure UK one's, Maitland has been unbelievable, 60% growth.HardyAddick said:Out of interest Rob, who are your UK funds with?BAILLIE GIFFORD & CO AMERICAN B NAV ACCBAILLIE GIFFORD & CO BAILLIE GIFFORD STRATEGIC BOND B ACCBAILLIE GIFFORD & CO EUROPEAN B NAV ACCBAILLIE GIFFORD & CO JAPANESE B NAV ACCBAILLIE GIFFORD & CO PACIFIC B NAV ACCBAILLIE GIFFORD & CO POSITIVE CHANGE B ACCBLACKROCK FUND MANAGERS LTD GOLD & GENERAL D ACCBNY MELLON FUND MANAGERS LIMITED GLOBAL EMERGING MARKETS INST W GBP ACCBNY MELLON FUND MANAGERS LIMITED LONG TERM GBL EQTY INSTL WBNY MELLON FUND MANAGERS LIMITED NEWTON GLOBAL BALANCED W GBP ACCFIL INVESTMENT SERVICES(UK)LIMITED INDEX WORLD P ACC NAVFUNDROCK PARTNERS LIMITED FP FORESIGHT UK INFRSTR INCOME A GBP ACCFUNDSMITH LLP EQUITY I INSTL ACC NAVHSBC GLOBAL ASSET MANAGEMENT UK GLOBAL STGY CAUTIOUS C ACC NAVHSBC GLOBAL ASSET MANAGEMENT UK GLOBAL STGY DYNAMIC PTFC ACC NAVHSBC GLOBAL ASSET MANAGEMENT UK GLOBAL STRATEGY ADVENTUROUS PTF C ACCHSBC GLOBAL ASSET MANAGEMENT UK GLOBAL STRATEGY BALANCED PORTFOLIO C ACCHSBC GLOBAL ASSET MANAGEMENT UK JAPAN INDEX C ACC NAVINVESCO MARKETS PLC INVESCO S&P 500 UCITS ETF A GBPJUPITER UNIT TRUST MANAGERS ABSOLUTE RETURN I ACCLEGAL & GENERAL(UNIT TRUST MNGRS) GBL HLTH & PHARMACEUTICAL IDX TST I ACCLEGAL & GENERAL(UNIT TRUST MNGRS) INTERNATIONAL INDEX TRUST I ACCLINK FUND SOLUTIONS LTD LF LINDSELL TRAIN UK EQUITY ACCLIONTRUST FUND PARTNERS LLP UK GROWTH INCMAITLAND INSTITUTIONAL SERVICES LTD MI CHELVERTON UK EQUITY GROWTH B SHS ACCPREMIER PORTFOLIO MANAGERS MITON UK GROWTH C INCRATHBONE UNIT TRUST MANAGEMENT GLOBAL OPPORTUNITIES INSTL ACCRATHBONE UNIT TRUST MANAGEMENT MULTI ASSET ENHANCED GWTH PTF S ACCROYAL LONDON UNIT TRUST MANAGERS UK GOVERNMENT BOND M ACCVANGUARD INVESTMENT SERIES GLOBAL BOND INDEX GBP ACC HGDVANGUARD INVESTMENTS UK LTD FTSE U K ALL SHARE IDX UT GBP ACCVANGUARD INVESTMENTS UK LTD LIFESTRATEGY 100 PERCENTAGE EQTY ACC NAVVANGUARD INVESTMENTS UK LTD LIFESTRATEGY 60 PERCENTAGE EQTY ACC NAVVANGUARD INVESTMENTS UK LTD LIFESTRATEGY 80 PERCENTAGE EQTY ACC NAVVANGUARD INVESTMENTS UK LTD LIFESTRATEGY 80 PERCENTAGE EQTY INC NAVVANGUARD INVESTMENTS UK LTD U S EQUITY INDEX GBP ACCVANGUARD LIFESTRATEGY FDS ICVC TARGET RETIREMENT 2035 GBP ACC3 -
Thats quite a big list, think I need to trim it down a bit!1
-
I would echo that.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!
Even with a portfolio size of £500k I usually limit the number to around 14-15 funds
4 bond
3 UK
2 or 3 US
2 European
2 Asian (usually 1 Japanese & one Asia ex Japan)
1 Property
And maybe 1 commodity fund
1 -
I'm not a fan of the HSBC Global strategy funds, nor a great fan of the Vanguard ones either. Vanguard have earned their reputation on being cheap - mainly index trackers which means they are likely to be bang average & certainly wont be stellar performing or catch a trend like BG did last year.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!0 - Sponsored links:
-
Staking stable coins/government issued stable coins is literally going to be the future of banking. I own a small amount of equity in a defi bank that will be launching products later this year with interest rates of 3-5%. This will be possible through staking their stable coins on aave (a defi lending protocol) with 100% of deposits insured by Lloyds of London whilst simultaneously be providing immediate liquidity to blue chip companies by purchasing their invoices.PragueAddick said:
Oh man, please don't :-) Had a Zoom call with my nephew last week, he wanted to talk to me about cryptos, get my opinion on something. Or so he said. Didnt want my opinion at all, as soon as he realised I'm still a sceptic, just wanted to convert me by suggesting I could "stake" cryptos. Lordie. 90 minutes later it ended, with me feeling very dispirited and hoping I hadn't been too hard on him. Next day my sister told me that after the call he'd been in upbeat mood and told her he'd had a 'good chat" with me. It's a cult, I tell ye..Chaz Hill said:
Surprised you aren’t seeking advice over on the Crypto threadPragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Finally £25 for me this month from the PBs. Junior also got £25 but nothing for Mrs Chaz.0 -
I pay in £240 a month at the moment into this one (ii), mainly to cover child benefit tax on my return although that stops in August so will probably stop paying in after that and just continue to pay into my works one. Thats what's been going into the HSBC one's, so only about £6k in all in those.golfaddick said:
I'm not a fan of the HSBC Global strategy funds, nor a great fan of the Vanguard ones either. Vanguard have earned their reputation on being cheap - mainly index trackers which means they are likely to be bang average & certainly wont be stellar performing or catch a trend like BG did last year.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!
The Vanguard I did move some into when I sold from other funds, the lowest is up 6.5% (60 fund), the highest 32% (US one, 4th in fund list) so not bad the others range from 10-26%, not market leading but mid to upper quartile in a performance table I guess and gives a bit of spread.
Part of my issue is not wanting too much in one fund or with one fund manager, maybe over cautious.
My fund is now pretty big, I used to say no more than £35k in one fund (don't ask me why, think it goes back to 10% when my fund was £350k) and I've stuck to that to date, although BNY is about to go over and about 7 others are now over £30k. So if I stick to that I'm at 17-18 funds so could roughly half what I have. Maybe I should increase to £50k and trim down a little........0 -
As you say, its not the amount in £ that you have in a fund it's the % of the whole portfolio that should be your driver. I usually say no more than 8%-9% in any one fund, and not less than 6% (unless it's a bit of a gamble/token amount or it's a Japanese fund where I normally go 3%) and then 5% in Asia (ex Japan).Rob7Lee said:
I pay in £240 a month at the moment into this one (ii), mainly to cover child benefit tax on my return although that stops in August so will probably stop paying in after that and just continue to pay into my works one. Thats what's been going into the HSBC one's, so only about £6k in all in those.golfaddick said:
I'm not a fan of the HSBC Global strategy funds, nor a great fan of the Vanguard ones either. Vanguard have earned their reputation on being cheap - mainly index trackers which means they are likely to be bang average & certainly wont be stellar performing or catch a trend like BG did last year.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!
The Vanguard I did move some into when I sold from other funds, the lowest is up 6.5% (60 fund), the highest 32% (US one, 4th in fund list) so not bad the others range from 10-26%, not market leading but mid to upper quartile in a performance table I guess and gives a bit of spread.
Part of my issue is not wanting too much in one fund or with one fund manager, maybe over cautious.
My fund is now pretty big, I used to say no more than £35k in one fund (don't ask me why, think it goes back to 10% when my fund was £350k) and I've stuck to that to date, although BNY is about to go over and about 7 others are now over £30k. So if I stick to that I'm at 17-18 funds so could roughly half what I have. Maybe I should increase to £50k and trim down a little........0 -
Which bond funds would you recomend? Ideally so I can invest and forget about for a few years.golfaddick said:
I would echo that.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!
Even with a portfolio size of £500k I usually limit the number to around 14-15 funds
4 bond
3 UK
2 or 3 US
2 European
2 Asian (usually 1 Japanese & one Asia ex Japan)
1 Property
And maybe 1 commodity fund0 -
The problem is you shouldn't invest & then forget about them as things change & your portfolio needs to change with it.redman said:
Which bond funds would you recomend? Ideally so I can invest and forget about for a few years.golfaddick said:
I would echo that.Rob7Lee said:Thats quite a big list, think I need to trim it down a bit!
Even with a portfolio size of £500k I usually limit the number to around 14-15 funds
4 bond
3 UK
2 or 3 US
2 European
2 Asian (usually 1 Japanese & one Asia ex Japan)
1 Property
And maybe 1 commodity fund
For example. In 2020 one of the best Bond funds was Allianz Strategic Bond. Stellar performance and miles better than anything else. In 2021 its fallen off its perch & is now one of the worst.
FWIW. Some bond funds I (and my clients) are currently investing in include:
Schroder Sterling Bond
Schroder Strategic Bond
Man GLG High Yield Opportunities
Jupiter Strategic Absolute Return2 -
Any thoughts on AJ Bell and socttish widows funds ?
0 -
Can't comment on AJ Bell but there aren't really any Scottish Widows funds that are worth investing in imo. Certainly not single asset funds. I have a few clients in Scottish Widows pensions and I mostly use external funds. There are a couple of SW own funds or ones they have asked other fund houses to manufacture for them that I might use......but generally wouldn't touch them with a barge pole.northstandsteve said:Any thoughts on AJ Bell and socttish widows funds ?0 -
What would an IFA charge generally for assessing 2 pensions (ie move, consolidate etc), coming up with report and to then implement?0
-
Depends if they are Final Salary (DB) or Contribution based (DC). DB assessment & transfer is very costly & you now have to pay a fee just for a basic report, for which the FCA say the starting point should be to leave them where they are. The Company I work for charges a minimum £750 for an "Abridged" service, where you are getting a very basic report......or £4k for the whole kit & caboodle.HardyAddick said:What would an IFA charge generally for assessing 2 pensions (ie move, consolidate etc), coming up with report and to then implement?
For DC schemes it's a lot cheaper & easier and the fees are usually % based - somewhere between 3% and 5% of the amount in the schemes, but again depends on the total amount. If it was in excess of £100k I'd probably charge less - say 2%. If it was in excess of £250k then probably 1%. I sometimes charge a flat fee of £750 if it's an easy case (ie, the existing plans & funds are pretty good & there isnt a lot of work involved).
I generally start with a free initial meeting where the idea is to go through what you have & see what is needed. At the end of the meeting we would then agree if it's worth proceeding at which point we would agree the fee.
No idea what others would charge though & I would say that I am cheaper than most - especially for Lifers.1 -
@Rob7Lee
Been meaning to reply to your ask about funds...I noticed you don't mention anything in the Sustainable sector. I've gone looking there in the last year or so and the funds have done well for me, notably (1y/3yr performance%), take a look:
Baillie Gifford Positive Change: 49/142 (!!)
Janus Henderson Global Sustainable:28/67
Rathbone Greenbank Global Sustainability 27/62
Eden Tree Resp. &Sustain Equity: 28/37
ASI UK Ethical Equity Ret 38/20
One caveat is that if you look closely at the holdings you might cynically feel that they look a bit like re-branded tech funds, with two of them showing Microsoft as their single biggest holding; however even a mug punter can work out why this sector should see a lot more growth, in which case its all about choosing the right fund manager.
1 - Sponsored links:
-
Hi @kentaddick this stablecoin phrase is something that seems to have appeared relatively recently (certainly since I stuck a toe in 3 years ago to try and learn more). My nephew was chucking the phrase around a lot in the chat I had with him. The other phrase he chucked around was "shitcoin". So what is the definition of "stablecoin"? As for "shitcoin", that is what he described Vechain as, when I mentioned it as my dabble...but he's a gobby bugger, no idea where he gets that trait from :-), so is he being unfair? He was slagging it for being a coin that was quite complicated to buy, but as I recall that was the case with most of them 3 years ago.kentaddick said:
Staking stable coins/government issued stable coins is literally going to be the future of banking. I own a small amount of equity in a defi bank that will be launching products later this year with interest rates of 3-5%. This will be possible through staking their stable coins on aave (a defi lending protocol) with 100% of deposits insured by Lloyds of London whilst simultaneously be providing immediate liquidity to blue chip companies by purchasing their invoices.PragueAddick said:
Oh man, please don't :-) Had a Zoom call with my nephew last week, he wanted to talk to me about cryptos, get my opinion on something. Or so he said. Didnt want my opinion at all, as soon as he realised I'm still a sceptic, just wanted to convert me by suggesting I could "stake" cryptos. Lordie. 90 minutes later it ended, with me feeling very dispirited and hoping I hadn't been too hard on him. Next day my sister told me that after the call he'd been in upbeat mood and told her he'd had a 'good chat" with me. It's a cult, I tell ye..Chaz Hill said:
Surprised you aren’t seeking advice over on the Crypto threadPragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Finally £25 for me this month from the PBs. Junior also got £25 but nothing for Mrs Chaz.0 -
They are DC schemes and would fall into your 1% charge. A Chartered Financial Planner (IFA), says their firms fees are 3% up to 250k, plus 2% over. The cost of a detailed review/recommendation report (2k), would be deducted IF I proceeded.golfaddick said:
Depends if they are Final Salary (DB) or Contribution based (DC). DB assessment & transfer is very costly & you now have to pay a fee just for a basic report, for which the FCA say the starting point should be to leave them where they are. The Company I work for charges a minimum £750 for an "Abridged" service, where you are getting a very basic report......or £4k for the whole kit & caboodle.HardyAddick said:What would an IFA charge generally for assessing 2 pensions (ie move, consolidate etc), coming up with report and to then implement?
For DC schemes it's a lot cheaper & easier and the fees are usually % based - somewhere between 3% and 5% of the amount in the schemes, but again depends on the total amount. If it was in excess of £100k I'd probably charge less - say 2%. If it was in excess of £250k then probably 1%. I sometimes charge a flat fee of £750 if it's an easy case (ie, the existing plans & funds are pretty good & there isnt a lot of work involved).
I generally start with a free initial meeting where the idea is to go through what you have & see what is needed. At the end of the meeting we would then agree if it's worth proceeding at which point we would agree the fee.
No idea what others would charge though & I would say that I am cheaper than most - especially for Lifers.Now, this maybe just their standard fee scale as I have not negotiated. I am looking to consolidate two pensions with different providers, into one with a different firm.0 -
Our firm has a similar fee structure but I always feel it's too expensive so usually reduce the fee down to something that is acceptable to both parties. I never want clients to feel that they are getting ripped off /charged too much so will usually err on the side of the client. I am free to charge whatever I feel is appropriate, although I do have to make it profitable for all concerned.HardyAddick said:
They are DC schemes and would fall into your 1% charge. A Chartered Financial Planner (IFA), says their firms fees are 3% up to 250k, plus 2% over. The cost of a detailed review/recommendation report (2k), would be deducted IF I proceeded.golfaddick said:
Depends if they are Final Salary (DB) or Contribution based (DC). DB assessment & transfer is very costly & you now have to pay a fee just for a basic report, for which the FCA say the starting point should be to leave them where they are. The Company I work for charges a minimum £750 for an "Abridged" service, where you are getting a very basic report......or £4k for the whole kit & caboodle.HardyAddick said:What would an IFA charge generally for assessing 2 pensions (ie move, consolidate etc), coming up with report and to then implement?
For DC schemes it's a lot cheaper & easier and the fees are usually % based - somewhere between 3% and 5% of the amount in the schemes, but again depends on the total amount. If it was in excess of £100k I'd probably charge less - say 2%. If it was in excess of £250k then probably 1%. I sometimes charge a flat fee of £750 if it's an easy case (ie, the existing plans & funds are pretty good & there isnt a lot of work involved).
I generally start with a free initial meeting where the idea is to go through what you have & see what is needed. At the end of the meeting we would then agree if it's worth proceeding at which point we would agree the fee.
No idea what others would charge though & I would say that I am cheaper than most - especially for Lifers.Now, this maybe just their standard fee scale as I have not negotiated. I am looking to consolidate two pensions with different providers, into one with a different firm.
Feel free to PM me if you would like further info.4 -
I've just noticed that Thomas sold 177,000 shares on 6th August, worth about GBP 2m. Not sure if that belongs in this thread or somewhere else. Maybe to boost the player budget and make up for the sponsorship shortfall? Maybe to buy a few more custom guitars or a holiday home, who knows.
The last two quarterly results have not gone down well and the shares are languishing at just over $13 today. When he sold to buy Charlton, they were twice as high.
There's progress but not at the pace justifying the high growth rating, which is also being hampered by expectations of rising rates and the impact on cash flow projections. Director sales don't help share prices, regardless of the rationale and there's small investor chat about taking his eye off the ball with the football distraction.
1 -
I've got BG Positive Change in both my SIPP and ISA. Will have a look at the others.PragueAddick said:@Rob7Lee
Been meaning to reply to your ask about funds...I noticed you don't mention anything in the Sustainable sector. I've gone looking there in the last year or so and the funds have done well for me, notably (1y/3yr performance%), take a look:
Baillie Gifford Positive Change: 49/142 (!!)
Janus Henderson Global Sustainable:28/67
Rathbone Greenbank Global Sustainability 27/62
Eden Tree Resp. &Sustain Equity: 28/37
ASI UK Ethical Equity Ret 38/20
One caveat is that if you look closely at the holdings you might cynically feel that they look a bit like re-branded tech funds, with two of them showing Microsoft as their single biggest holding; however even a mug punter can work out why this sector should see a lot more growth, in which case its all about choosing the right fund manager.0 -
I will PM you over the next few days once I have recovered from watching last nights stream!!golfaddick said:
Our firm has a similar fee structure but I always feel it's too expensive so usually reduce the fee down to something that is acceptable to both parties. I never want clients to feel that they are getting ripped off /charged too much so will usually err on the side of the client. I am free to charge whatever I feel is appropriate, although I do have to make it profitable for all concerned.HardyAddick said:
They are DC schemes and would fall into your 1% charge. A Chartered Financial Planner (IFA), says their firms fees are 3% up to 250k, plus 2% over. The cost of a detailed review/recommendation report (2k), would be deducted IF I proceeded.golfaddick said:
Depends if they are Final Salary (DB) or Contribution based (DC). DB assessment & transfer is very costly & you now have to pay a fee just for a basic report, for which the FCA say the starting point should be to leave them where they are. The Company I work for charges a minimum £750 for an "Abridged" service, where you are getting a very basic report......or £4k for the whole kit & caboodle.HardyAddick said:What would an IFA charge generally for assessing 2 pensions (ie move, consolidate etc), coming up with report and to then implement?
For DC schemes it's a lot cheaper & easier and the fees are usually % based - somewhere between 3% and 5% of the amount in the schemes, but again depends on the total amount. If it was in excess of £100k I'd probably charge less - say 2%. If it was in excess of £250k then probably 1%. I sometimes charge a flat fee of £750 if it's an easy case (ie, the existing plans & funds are pretty good & there isnt a lot of work involved).
I generally start with a free initial meeting where the idea is to go through what you have & see what is needed. At the end of the meeting we would then agree if it's worth proceeding at which point we would agree the fee.
No idea what others would charge though & I would say that I am cheaper than most - especially for Lifers.Now, this maybe just their standard fee scale as I have not negotiated. I am looking to consolidate two pensions with different providers, into one with a different firm.
Feel free to PM me if you would like further info.0 -
I've been doing some research over the last few days & some BG funds have fallen off a cliff this year, especially BG American & BG Discovery. The later is currently 412th out of 413 funds in the Global Equity sector YTD. Lindsell Train Global Equity is not much better..... 386 out of 413.Rob7Lee said:
I've got BG Positive Change in both my SIPP and ISA. Will have a look at the others.PragueAddick said:@Rob7Lee
Been meaning to reply to your ask about funds...I noticed you don't mention anything in the Sustainable sector. I've gone looking there in the last year or so and the funds have done well for me, notably (1y/3yr performance%), take a look:
Baillie Gifford Positive Change: 49/142 (!!)
Janus Henderson Global Sustainable:28/67
Rathbone Greenbank Global Sustainability 27/62
Eden Tree Resp. &Sustain Equity: 28/37
ASI UK Ethical Equity Ret 38/20
One caveat is that if you look closely at the holdings you might cynically feel that they look a bit like re-branded tech funds, with two of them showing Microsoft as their single biggest holding; however even a mug punter can work out why this sector should see a lot more growth, in which case its all about choosing the right fund manager.
Need to review funds regularly.1 -
BG American I sold out of 28th Jan, just keeping in the profit, price has still gone up in that time (20.43 to 20.81).
LT similar, I came out back in October last year although have made a small regular contribution. That one has gone from 4.57 to 5.16 in that time so not tragic.0 -
Some BG funds really have fallen off a cliff this year. I rebalanced my portfolio a few months back and now have less sleepless nights (product of portfolio being largely in growth)!
I now hold a more diversified portfolio in terms of: Fund management company, locations (reduced China and US weighting), value and growth, a low fee tracker (that's outperformed many active to my surprise), large and small caps.
Looks like an iffy week for markets. Ftse down 2pc atm.0 -
Just trying to get to grips with your trading strategy there !Rob7Lee said:BG American I sold out of 28th Jan, just keeping in the profit, price has still gone up in that time (20.43 to 20.81).
LT similar, I came out back in October last year although have made a small regular contribution. That one has gone from 4.57 to 5.16 in that time so not tragic. As I read it, you sold your LT holding, but then started buying back using regular payments. If that's correct, how does the outcome there compare with just leaving it in place? 0
