UK Stockmarket 2009 and beyond

Ark_Welder

gadgetmind wrote: »

One wonders what their geographic exposure was. UK has been drab but other areas have risen *very* strongly.



I keep flip-flopping regards how I work this out. Clearly our primary residence doesn't get counted as an asset as we need somewhere to live, but do I then need to get an asset breakdown of my company pension, which is in a variety of managed funds? My "final" decision is to leave my two main pensions and my non-pension savings as three pots and do asset allocation separately within them. The pension into which I drip feed can be rebalanced by changing where the drips go. My other pension (currently!) a SIPP which an IFA rebalances. That just leaves my ISA and unwrapped investments, which I balance myself.



I tend to use the different terms so as to recognise their very different sharpe ratios.

Credit Suisse 2011 handbook might be of interest.

EM's have done well last decade on the whole, along with the Far East. But these were also bouncing back after their own debt-related crises at the end of the 1990s. A pointer to the future, perhaps?


I started a personal pension when they first came out or there abouts. The companies that I had worked for up to then were small and didn't have schemes - at least, not for the likes of me! After then I kept going with it on the grounds that I wouldn't be working at a company for long enough to reap the benefits of their offerings. May or may not have been the right decision at the time but it did work out well later on. As such, I've been able to track geograhpy and sectors reasonably well. Interesting to see that at the end of 1999 I had 7.84% in PE/VCT and as of yesterday I had 8.84%. 22% cash then too (a sign that I was earning then!!). 5.86% EMs to 9.2% now. One page to the spreadsheet then, 13 now....

I do (have to) keep the pension assets separate for the obvious reasons, but asset allocation is across both pension and non-pension pools. The latter tended to be more growth-oriented but has been moving to be less volatile as I move towards having to decide how to use it - probably be posting my own questions on that in a few year's time!

gadgetmind

Ark_Welder wrote: »

has been moving to be less volatile as I move towards having to decide how to use it - probably be posting my own questions on that in a few year's time!

Other than my (unwritten) rule to have 3 years take-home as cash, I'm happy to be fairly aggressive with everything else. As I think it will be very unlikely that I'd even consider an annuity, I don't intend to edge towards cautious as I near retirement.

As for question, I'm sure I'll have loads as I approach 55, mainly considering how best to optimise our tax situation. I've already done some work on this, and my model does allow for income tax, CGT, dividends, and the like, but I'm sure to have missed a few tricks.

Ark_Welder

gadgetmind wrote: »

Other than my (unwritten) rule to have 3 years take-home as cash, I'm happy to be fairly aggressive with everything else. As I think it will be very unlikely that I'd even consider an annuity, I don't intend to edge towards cautious as I near retirement.

As for question, I'm sure I'll have loads as I approach 55, mainly considering how best to optimise our tax situation. I've already done some work on this, and my model does allow for income tax, CGT, dividends, and the like, but I'm sure to have missed a few tricks.

I have to consider it - just to be able to reject it! I doubt that I would take a conventional annuity, certainly not in isolation, but possibly with an inflation-linked one. Swings and things as to when the latter starts to return more than the former. Or I just max out on drawdown and use it to fund ISAs. But that is today, and tomorrow will lead to a whole new set of plans.

What the PE percentages don't show is that it reached almost 20% in the intervening 10 years... Reduced it further in June as I was getting a bit cautious.

However, the thread is now completely off track so I'll move on!!

sabretoothtigger

Ive no idea if this is nice enough news to cause a jump up but I wouldnt mind a +10% FTSE day like we had a few years back




As Ive heard it a default would be optional therefore not the usual. Due to prices so high, its actually a positive?

JamesU

I am sure the IMF can meet its current obligations,
but this could change if the crisis worsens.
There is "no plan" for a Greek default.
Any idea which way the markets will go this week?
Quite fancy a punt.
Bises, Christine[FONT=&quot]

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Ark_Welder

JamesU wrote: »

Quite fancy a punt.

You might get a punt again if Ireland drops out of the euro...;)

JamesU

JamesU wrote: »

EU insurance sector towards two year low. Painful for Aviva today at around 275-280, 8.7%, ex-div yesterday though.

Nice little bump upwards on insurers today from last week lows (pic above).
AV. and LGEN up around 6-7% today. They could go further tomorrow I guess,
but doubt it will last.

JamesU

gadgetmind

JamesU wrote: »

AV. and LGEN up around 6-7% today. They could go further tomorrow I guess,
but doubt it will last.

I bought more AV. late last week as it was screaming OVERSOLD, and it's nice to see the up, but none of the financials are going anywhere until Greece has exploded and the pieces have stopped bouncing.

Insurance is now my largest sector holding, and bank prefs are a similar size. :eek:

gadgetmind

BTW, I bought AV at 277.9 XD on the 22nd, which isn't something I tend to do. I prefer to buy !!! divi as I feel that it helps avoid capital gain and generates more income, but I guess rules are made to be broken!

IronWolf

I havent checked my insurance holdings since I removed them from my portfolio tracker, couldnt stand the sight of the red numbers anymore IMO insurance is biggest bargain in the stock markets at the moment after the hammering they've taken this year

Not tempted by banks though, don't like their balance sheets, far too leveraged for me to be comfortable.