How many funds do you hold?

Any

Forever wrote: »

If you can afford to loose this amount of money, then why not try this strategy and see if it works for you.

But if you can't afford it, maybe a safer strategy is required IMHO.

Whatever you do, I wish you luck Any

I am not rich to keep starting silly schemes and keep flushing a lot of money in it, but I certainly have £200 money to put into this, otherwise I would not entertain it! It is small % of my savings.
2 different things.

Thank you.

Forever

Any wrote: »

I am not rich to keep starting silly schemes and keep flushing a lot of money in it, but I certainly have £200 money to put into this, otherwise I would not entertain it! It is small % of my savings.
2 different things.

Thank you.

I hope you let us know how you get on! Good luck Any

When I have more time to concentrate on what the markets are doing, I wouldn't mind trying something similar with a small sum of money.

Jegersmart

There is no right or wrong answer here really, it depends on a lot of things - from size of pot to the particular investing approach one uses.

I currently hold 23 different funds, however the concentrations in those funds are very different. At the moment there is probably 30% in 2 low volatility funds alone and several of the funds only have nominal amounts in them mainly because I know I will use them again and I found it is easier to track these by leaving a nominal amount in those. At the moment I am massively in breach of FSCS guarantees which is another concern for many and a reason why a larger number of holdings is both desirable and to a certain extent necessary. So I sometimes use multiple funds with similar exposure for a variety of reasons, for example when I went 28% of entire portfolio into Japan in October last year I used mainly IP Japan and Legg Mason Japan (and to a lesser degree a Nikkei Tracker) but confidence was high, and I can't always worry about the limits when opportunities present themselves.

In any case, the point of my post is that it is absolutely too simplistic and a naive generalisation to make a statement as to the maximum number of funds one should hold.

J

Any

Forever wrote: »

I hope you let us know how you get on! Good luck Any

When I have more time to concentrate on what the markets are doing, I wouldn't mind trying something similar with a small sum of money.

Promised update...

My first deposit was £150 with the rest of my monthly contributions on 10th April (H&L platform)... At the time this fund was second on the list of growth over 3 months.. (the first one had large gap between buy/sell so I didn't go for it).
This is the current outcome... I have itchy fingers already!!
Haven't decided yet whether I will change after month or 3... I want to change now, just in case it will fall fast!!:rotfl:

Invesco Perpetual Japanese Smaller Companies
Purchase price £150
Current value £166.49
Gain £ 16.49
Gain % 10.99

Glastoun

I've actually been doing something similar, with two tranches of £500, and using Morningstar's Short Term tab to order by week and by (yes) day.

Over a month I've made probably four switches - two worked well, in that the old fund still stagnated and the new one gave me an extra few percent; and two switches failed in that the new funds dropped and the ones I switched out of went up a few percent. So in that respect it's a bit like a roulette table.

I'm now back to one of the original funds I chose, and (coincidentally) Invesco Perpetual Japanese Smaller Companies. I'm probably going to sit them out until Japan levels out and then transfer them somewhere more sensible.

Or not.

Also, each time I switch I'm out of the market for the best part of a day, which if the funds drop worked in my favour, but I missed out on some 3% daily rises because of it.

In the meantime though, in less than three weeks I'd made more than the £2.5k sitting in Nationwide will make in a year.

It's kept me entertained for a month, but what is most dangerous is that I started this when Japan was racing upwards, so it hopefully hasn't given me any false ideas that there was any skill involved in the gains.

Forever

Well done Any, a 10.99% raise is definitely an achievement. I can see why you are thinking of exiting after such an excellent start. Do you have any sort of exit strategy for your current Japanese Small Cos fund btw?

And Glauston, I am glad to hear of your result too. Do you also have an exit strategy?

After June this year, I really would like to give this a go with just a small amount although I have no idea what I would use as an indicator for moving my money out of a fund?

I would definitely be interested to hear how you both get on.

donniej

I currently hold 30 funds in my portfolio.

The reason for the large amount is that I have three 'pots' - each with different risk levels (one low, one medium, and one high risk.) The low and medium risk pots are invested in pre-selected portfolios, and the aim there is to have a reasonably well balanced portfolio (i.e. thinking about asset allocation etc.) The high risk one is for punts, e.g. when I think a particular fund or sector might do well (I have 4 funds in that pot.)

Glastoun

Forever wrote: »

Well done Any, a 10.99% raise is definitely an achievement. I can see why you are thinking of exiting after such an excellent start. Do you have any sort of exit strategy for your current Japanese Small Cos fund btw?

And Glauston, I am glad to hear of your result too. Do you also have an exit strategy?

After June this year, I really would like to give this a go with just a small amount although I have no idea what I would use as an indicator for moving my money out of a fund?

I would definitely be interested to hear how you both get on.

Not really an exit strategy, although if the gains get stupidly high I'll probably sell some out and keep going with the remainder. The large percentages are simply due to the rise in Japan, although Any definitely picked a good fund to begin with. Not sure how this would have worked out if Japan had been off limits, nothing else really stands out consistently from the fund performance tables, at least not at high enough gains to risk money on them. I'll keep an eye on any sectors that seem to be picking up, but it's a lot easier to do that in retrospect.

I'm sure I read somewhere that most crashes happen in September, so if I can last until after the summer I'll probably gather up my marbles and go home.

takesyourchances

Forever wrote: »

Well done Any, a 10.99% raise is definitely an achievement. I can see why you are thinking of exiting after such an excellent start. Do you have any sort of exit strategy for your current Japanese Small Cos fund btw?

And Glauston, I am glad to hear of your result too. Do you also have an exit strategy?

After June this year, I really would like to give this a go with just a small amount although I have no idea what I would use as an indicator for moving my money out of a fund?

I would definitely be interested to hear how you both get on.

I opened my Aberdeen Japanese Small Company fund a couple of months ago, with £500 and a drip of £50 so £550 invested so far, today it is showing a gain of 12.21% was around 5-6% for a bit then 10% and now hit this. Personally, I want to hold my funds for the long term rather than sell and jump in and out, £67 pound gain even at 12% is not enough to make me want to jump in and out of funds. I was thinking when I took this out Japan several years down the line, so accepted rises and falls on the way but keep to my drip feeding plan.

I think Japan is a very interesting investment, under priced quality companies and a lot of changes going on and small company growth potential. I will hold and keep investing, should it drop and rise etc I am thinking long term. But just shows the potential here with this short sharp rise that is what I am taking from it.

Thanks.

Forever

Glastoun wrote: »

Not really an exit strategy, although if the gains get stupidly high I'll probably sell some out and keep going with the remainder. The large percentages are simply due to the rise in Japan, although Any definitely picked a good fund to begin with. Not sure how this would have worked out if Japan had been off limits, nothing else really stands out consistently from the fund performance tables, at least not at high enough gains to risk money on them. I'll keep an eye on any sectors that seem to be picking up, but it's a lot easier to do that in retrospect.

I'm sure I read somewhere that most crashes happen in September, so if I can last until after the summer I'll probably gather up my marbles and go home.

That sounds like a decent enough strategy to me.

It's funny that you have said about crashes in September as I am currently holding a fund that is currently doing reasonably well but I only want to hold it until the mid/end of summer. But all my other funds are long term and hence I'm in for the ups and the dips.