My Virtual Portfolio...

A_Flock_Of_Sheep

I have set up and H&L account with funds on hold and have been running a virtual portfolio to have a look at what's going on before investing.

I have the following five funds being monitored:

Invesco Perpetual High Income
Marlborough Multi Cap Income
Newton Asian Income
Newton Real Return Class A
Troy Trojan Income Fund Class 1

Anyone else actually hold these and any personal opinions on each would be valued.

Jegersmart

These 5 are all good quality funds as fas as I know, I either hold or have held almost all of these at some point.

In addition to the fund choices themselves, it is also important to consider the actual geographic exposure and asset exposure you ideally want for yourself, and if you aree that way inclined do some research on price action in these areas to see if you can spot any obvious opportunities. What I mean by that is that if you think that Asia will grow more longer term than say UK, that your choices should probably reflect that in terms of allocation, or if you think equities in general are reaching a top that you wait for a pullback in prices before entering.

Everyone has their own methods or approach though so you should do what you are comfortable with, but purely looking at the funds they are all imho good quality which should do well but will of course be affected by their sector performance....

HTH

J

srcandas

A_Flock_Of_Sheep wrote: »

I have set up and H&L account with funds on hold and have been running a virtual portfolio to have a look at what's going on.

I have the following five funds:

Invesco Perpetual High Income
Marlborough Multi Cap Income
Newton Asian Income
Newton Real Return Class A
Troy Trojan Income Fund Class 1

Anyone else actually hold these and any personal opinions on each would be valued.

Look fairly safe bunch which may prove a good idea at the current time imho. Troy with Sebastian at the helm certainly will steady any ship. I'm 35% with him but equally I'm 60 and planning my "non contribution phase" of life.

As for Invesco Pep it's record speaks for itself. That said I just sold it on good profit over a year and moved the money to Fidelity Indonesia (from safe to high risk - certainly not a recommendation ).

Remember I'm an aggressive investor as they go so beware

However I'd find it hard to guess your objectives based on this selection. Is this drip feed starting close to zero or for a lump sum? And is it 15 years + ?

A_Flock_Of_Sheep

srcandas wrote: »

Look fairly safe bunch which may prove a good idea at the current time imho. Troy with Sebastian at the helm certainly will steady any ship. I'm 35% with him but equally I'm 60 and planning my "non contribution phase" of life.

As for Invesco Pep it's record speaks for itself. That said I just sold it on good profit over a year and moved the money to Fidelity Indonesia (from safe to high risk - certainly not a recommendation ).

Remember I'm an aggressive investor as they go so beware

However I'd find it hard to guess your objectives based on this selection. Is this drip feed starting close to zero or for a lump sum? And is it 15 years + ?

This virtual portfolio is for long term capital growth with income. Income that could be used as income or when not needed to buy additional units.

I am new to investing and am having an experiment before fully making up my mind.

Do you know of any funds that are more short term growth?

srcandas

A_Flock_Of_Sheep wrote: »

Do you know of any funds that are more short term growth?

Shortterm growth means higher risk. But the higher risk is lessened if you have a reasonable spread and sufficient time.

One thing I'm looking at is global mid to small cap opportunists -- who work for good multi fund companies.

My theory is that by being global and looking for say 100 investments they have the widest scope. And by being part of a broader organisation (e.g. Aberdeen) they get the benefit of specialist research data from specific geographic zones and sectors.

When Schroder launched their Schroder Small Cap Discovery Class A GBP Accumulation I asked a question here "Surely a fund starting up must have buying in costs. How do they allow for this?". Didn't get any meaningful responses. It was just over a year ago. So I waited and it lost up to 8%. I bought in and now it is 18% above launch price.

One of my good successes (don't worry I've had disasters as well )

I think by doing such experiments with a small proportion of your funds you learn a lot. Just going for the most discussed strategy you learn little.

I'm now going into Indonesia, Malaysia (both with Fidelity) and Thailand. But I'm quiet this week waiting for the NK situation to unwind a little.

In another thread I asked for suggestions of higher risk funds with a 5 year timescale and small companies was a frequent offering but for a wide variety of world locations. I can see the logic there but have enough on my plate at the moment :beer:

waiax73

Care to post a screenshot of the HL Virtual Portfolios?

I use rplan's Virt. Portfolios for any estimates and they're bloody brilliant!

Would love to have a look at HL, though

Cheers

srcandas

waiax73 wrote: »

Care to post a screenshot of the HL Virtual Portfolios?

I use rplan's Virt. Portfolios for any estimates and they're bloody brilliant!

Would love to have a look at HL, though

Cheers

waiax73 there are lots of things you can do in HL with real and virtual portfilios. Performance graphs over time, global maps of ditribution (not as useful as you might at first think), sector analysis. separating funds from shares, etc. All the usual stuff.

And graphing multiple shares, funds, indices, et al over time with lots of statistical analysis tools and direct access to research documents.

So one or two screen shots wouldn't do it justice.

I'd really like them to extend it so that you can add notes and look back over your thinking over time but can't have everything.

daniel80

2 of my best performers recently have been Franklin uk mid cap class a net income and Standard life uk smaller companies retail acc units. But these were held in my opinion in a well balanced portfolio.

Jegersmart

A_Flock_Of_Sheep wrote: »

I have set up and H&L account with funds on hold and have been running a virtual portfolio to have a look at what's going on before investing.

I have the following five funds being monitored:

Invesco Perpetual High Income
Marlborough Multi Cap Income
Newton Asian Income
Newton Real Return Class A
Troy Trojan Income Fund Class 1

Anyone else actually hold these and any personal opinions on each would be valued.

If you are set on these funds because they are the perfect mix for you, the other thing you could do is to allocate funds in tranches over the next several months. We are coming into a period of the year when at least historically equities have shown weakness. My own view is that we will see some pull back - perhaps 5-7% or so over the next few weeks with another rally attempt towards the end of Q2 with a distributive top and possibly higher highs over the summer followed by a substantially deeper correction towards the end of the year to set up for a very good buying opportunity in late 2013 early 2014. Of course no one knows what will happen with any certainty so perhaps splitting the funds in 3 or 4 and allocating at times for the rest of the year may be an idea? I know it is hard to resist the temptation to "get the money working" but the strong rally over the past 4-5 months needs some backtesting pricewise to be a "healthy" market to invest in. Some of the key price levels to watch on FTSE and SP500 are:

SP500 1538 and then 1480ish.
FTSE 6268 and then 6178 to 6000

Worst case scenarion on SP500 is 1343 which is the last reaction low before the last bull trend, if this break on a daily close we could see 1100's.......

Just imho and some levels to watch if you are that way inclined, if not just ignore:)

all imho

J

Totton

A_Flock_Of_Sheep wrote: »

Invesco Perpetual High Income
Marlborough Multi Cap Income
Newton Asian Income
Newton Real Return Class A
Troy Trojan Income Fund Class 1

Anyone else actually hold these and any personal opinions on each would be valued.

I gather you are wanting long term growth, of so then do you really have the correct funds for that when your holdings are basically all income focused? Of the 5 perhaps 2 are growth contenders, Marlborough Multi Cap Income and Newton Asian Income, although even there you have chosen Income funds that have a need to maintain a dividend stream.

Troy aren't having the best of times at the moment, is this because they have expanded assets under management and the number of funds being managed, or is it because they don't do so well in a growth phase of the market? I hold Troy and think of them as more akin to wealth preservation than distinctly growth focused. Having said that it is unclear if you 'hold' Troy Trojan or Troy Income, both have 'I' class on HL but only one is run by Lyon. If you are looking for Income funds then consider looking at the White List http://www.whitelist.co.uk/income-study/

IP High Income, decent enough fund but the manger has his head looking after so many holdings in a variety of funds that I would be looking for someone with more time to focus on the fund.

Two Newton funds, why not Newton Global Higher Income instead of the lacklustre Real Return fund if looking for growth?

For growth you could perhaps be looking a little more outside of the UK and consider First State Asia Pacific Leaders, First State Sustainability or Scottish Oriental Smaller Companies although with that one there has been a recent change of manager.

Overall I would suggest your portfolio is more likely to be in the 'also rans' than 'growth winners' but then the 'also rans' is also where I prefer to ride :-)

Sorry to ramble on, I think the proposed collection of funds are pretty dull and unlikely to do that well in the long term. I would think about defining the objective, where do you want to invest globally and picking one or two funds in each sector to get going.

HTH,
Mickey

Robie

Totton wrote: »

I gather you are wanting long term growth, of so then do you really have the correct funds for that when your holdings are basically all income focused? Of the 5 perhaps 2 are growth contenders, Marlborough Multi Cap Income and Newton Asian Income, although even there you have chosen Income funds that have a need to maintain a dividend stream.

Troy aren't having the best of times at the moment, is this because they have expanded assets under management and the number of funds being managed, or is it because they don't do so well in a growth phase of the market? I hold Troy and think of them as more akin to wealth preservation than distinctly growth focused. Having said that it is unclear if you 'hold' Troy Trojan or Troy Income, both have 'I' class on HL but only one is run by Lyon. If you are looking for Income funds then consider looking at the White List http://www.whitelist.co.uk/income-study/

IP High Income, decent enough fund but the manger has his head looking after so many holdings in a variety of funds that I would be looking for someone with more time to focus on the fund.

Two Newton funds, why not Newton Global Higher Income instead of the lacklustre Real Return fund if looking for growth?

For growth you could perhaps be looking a little more outside of the UK and consider First State Asia Pacific Leaders, First State Sustainability or Scottish Oriental Smaller Companies although with that one there has been a recent change of manager.

Overall I would suggest your portfolio is more likely to be in the 'also rans' than 'growth winners' but then the 'also rans' is also where I prefer to ride :-)

Sorry to ramble on, I think the proposed collection of funds are pretty dull and unlikely to do that well in the long term. I would think about defining the objective, where do you want to invest globally and picking one or two funds in each sector to get going.

HTH,
Mickey

Interesting thoughts Mickey.

You say sheep's collection is dull then how about mentioning the alternatives to the one he has selected?

Coincidently, I have all the funds sheep has mention in my portfolio except Newton Real Return (in its place it is Newton Global Higher Income). They seem to have done OK for me.

Of course, I would be keen on finding out even better alternative funds than the ones selected above.