Savings and Investments thread

PragueAddick said:

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.

Just trying to get to grips with your trading strategy there ! 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? 

I was paying in regularly anyway so just continued, but cashed in the profit and moved some to the Vanguard funds which have outperformed LT since then so seems to have been the right move. Of course you could argue I'd have done slightly better not keeping the regular payments but we are talking very small amounts here.

Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.

It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.

I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.

golfaddick said:

Rob7Lee said:

PragueAddick said:

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.

Just trying to get to grips with your trading strategy there ! 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? 

I was paying in regularly anyway so just continued, but cashed in the profit and moved some to the Vanguard funds which have outperformed LT since then so seems to have been the right move. Of course you could argue I'd have done slightly better not keeping the regular payments but we are talking very small amounts here.

Not sure I have a defined strategy, just when I see a large increase over a short period in one fund I try to take some profit but becoming more difficult where to then put that profit. Namely on the basis that you see a lot of funds outperform one year and then die on their ass the next! Very few have been top percentile over a long period.

It seems to have worked so far! My ii SIPP is now at £566k, when I moved it last year was around £430k give or take. I've still got my Fidelity SIPP open (like to have a back up provider) although that's only at around £55k, and then my works pension which has just reached double figure 1,000's but only started that last November and has about £12.5k going in per annum, so could get to £100k or so by the time I'm 55.

I also try and sit down at least once a year to look at rebalancing the exposure. I'm 50 next year so can start to draw down In another 5 years or so, so really should be looking to de-risk a little soon. Although I'm a little undecided on that one. I'd always planned to pack up the city at about 53, which I may still do, although really enjoying my current role and although I said I'd give them minimum 5 years it's looking like that can easily be extended (I'm not on a contract, more a gentleman's agreement as they were worried I'd only do 2-3 years and they wanted 5 minimum). If I continue working I'll just leave the SIPP's.

Might want to watch the LTA. I know a lot of people arent bothered if they exceed it but there might be better ways of saving rather than pay excess tax on retirement. 

Then again, I doubt if I need to give you or @PragueAddick any investment advice....😉.  

I am wary of it, if I end up continuing to work in the city past 53/54 I'll probably stop paying in and just take the cash again which I did for a while anyway.

RaplhMilne said:

My investments are like any thing else always an element of luck. I have a share account and share ISA. I have been moving shares across from account to the ISA each year. Not allowed to transfer so have to sell and re purchase.  I have had National Grid shares in there for years. Sold about £8000 worth yesterday. I need to see that settle, move the cash over and re purchase in the ISA. 

MY luck first thing this morning 99 shares in the FTSE100 were down.. only one was up…. Guess which one….  YES…. NG… couldn’t make that up …

Look at it another way, assuming the FTSE100 doesn't move back up over the next few days you can buy in at a lower level. Also, exchanging a fund that holds 50-100 UK shares it better than hold just 1 company's shares. Diversification is key.

golfaddick said:

Rob7Lee said:

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.

I've got BG Positive Change in both my SIPP and ISA. Will have a look at the others.

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.

Need to review funds regularly.

I am currently in the BG American, are there any alternatives that you would recommend?

End of the month, 4 months to go;

FTSE100 Level	7119.7
Name	Level	Variance	% Variance
Salad	7100	19.7	0.28%
Thread Killer	7159	39.3	0.55%
@TelMc32	7080	39.7	0.56%
thecat	7175	55.3	0.78%
Addick Addick	7220	100.3	1.41%
cafc7-6htfc	7228	108.3	1.52%
No.1 in South London	6985	134.7	1.89%
Redman	7255	135.3	1.90%
Fortune 82nd Minute	7280	160.3	2.25%
Pedro45	7297	177.3	2.49%
Morboe	7312	192.3	2.70%
Daarrrzzettbum	7333	213.3	3.00%
wwaddick	7340	220.3	3.09%
PragueAddick	7350	230.3	3.23%
StrikerFirmani	7355	235.3	3.30%
golfaddick	7375	255.3	3.59%
Bangkokaddick	7390	270.3	3.80%
blackpool72	7400	280.3	3.94%
RalphMilne	7415	295.3	4.15%
Killer Kish	7440	320.3	4.50%
Exiledin Manchester	7450	330.3	4.64%
gunnessaddick	7458	338.3	4.75%
Housty	7466	346.3	4.86%
oohaahmortimer	6767	352.7	4.95%
Hoof_it_up_to_benty	7495	375.3	5.27%
CAFCWest	7501	381.3	5.36%
Rob7Lee	7505	385.3	5.41%
Covered End	7512	392.3	5.51%
meldrew66	7535	415.3	5.83%
WishIdStayedInThe Pub	7544	424.3	5.96%
Gary Poole	7574	454.3	6.38%
CharltonKerry	7594	474.3	6.66%
Huskaris	7596	476.3	6.69%
holyjo	7612	492.3	6.91%
IdleHans	7634	514.3	7.22%
LargeAddick	7647	527.3	7.41%
valleynick66	7654	534.3	7.50%
MrOneLung	7654	534.3	7.50%
KentAddick	7676	556.3	7.81%
fat man on a moped	7681	561.3	7.88%
HardyAddick	7692	572.3	8.04%
Lonelynorthernaddick	7700	580.3	8.15%
Er_Be_Ab_Pl_Wo_Wo_Ch	6500	619.7	8.70%
bobmunro	7784	664.3	9.33%

£25 for me.

and £75 for my ever lucky Father in law...

£50 for jnr, £25 for me and nothing for Mrs Chaz. Waiting apprehensively for the new Nationwide Members draw on 14th now. 

Rob7Lee said:

and £75 for my ever lucky Father in law...

I demand a steward's enquiry into this!

The odds of him winning every month, given the reduction in prizes that has taken place over recent years, are huge.

nothing for second month on a trot, wondering now whether it is better being invested in a stock and shares isa

Fortune 82nd Minute said:

Rob7Lee said:

and £75 for my ever lucky Father in law...

I demand a steward's enquiry into this!

The odds of him winning every month, given the reduction in prizes that has taken place over recent years, are huge.

Me too, I think he's had the maximum for maybe 6 years or so. So they aren't recent either which just goes to show you.

Weirdly his Girlfriend has £5k worth (which he sorted out for her about 2 years ago) and she seems to win about 3-4 times a year, even had £100 back end of last year.

He's clearly just got the Midas touch!

I'll be cashing mine soon I expect, no chance with the Wife's though, she loves 'being in the game' as she puts it 

£50 for Mr F this time ! 

That's interesting - high tech growth is the new defensive! I have seen that in the performance YTD.

mendonca said:

That's interesting - high tech growth is the new defensive! I have seen that in the performance YTD.

Watched an online investment seminar yesterday (Waverton) & their defensive strategy is now alternatives & Government Bonds as a last resort. Another one today (Artemis) said holding cash was their last resort instead of Bonds but not for too long as inflation would mean negative growth if held for any length of time.

I just fear for investors who are putting too much into equities because they see the returns from Bonds as negative. You have been warned if markets crash again

Any recommendations for Bonds on HL? I do need to up my portfolio allocation, despite it feeling and coming across as boring while pressing the submit button.