The White List Portfolio ISA

dunstonh

It is interesting that in a speech earlier this month Warren Buffet was of a view that currently Bonds are a bad idea. Not to say I guess to move into bonds when the weather changes later

What he does and what he says are two different things. Also, his objectives, experience and day to day research and capacity for loss are very different from the typical UK consumer.

Whoever devised The White List scheme hasn't read Smarter Investing by Tim Hale

Probably like most people, they have never heard of him or have any reason to.

talexuser

I've been reading their research since way before the internet when newspapers were your source of information. The original broker (been taken over a couple of times I think) had a philosophy that the dividends from income funds reinvested more often performed better than growth funds.

It was (is) a useful list to whittle down which income funds to research - I have 3 of those on the list. They were never interested in geographical funds with currency risks etc so diversification was not a criteria. To invest all your money in the top 9 or 10 funds on the list is pretty barmy, but I've been happy with those UK income reinvested I've had over the years most of which were on the white list most of the time.

A_Flock_Of_Sheep

talexuser wrote: »

I've been reading their research since way before the internet when newspapers were your source of information. The original broker (been taken over a couple of times I think) had a philosophy that the dividends from income funds reinvested more often performed better than growth funds.

It was (is) a useful list to whittle down which income funds to research - I have 3 of those on the list. They were never interested in geographical funds with currency risks etc so diversification was not a criteria. To invest all your money in the top 9 or 10 funds on the list is pretty barmy, but I've been happy with those UK income reinvested I've had over the years most of which were on the white list most of the time.

Hi can I ask which of those on the list do you hold and why? If you didn't know I am interested in equity income. Also how long have you held them and was there a bad period such as the financial crisis? Do you hold these with bonds and part of a wider portfolio or just in isolation?

talexuser

I go for the managers among other things. For example Artemis has been a good performer, previously the manager ran Lazard Income which I had in my fathers' pep for many years. Never absolute top of the table but consistently near the top, and consistency is more important in justifying the fees than the odd outperformance which could just be luck.

I've never taken income so far, so just rode the crashes but have bond funds to soften that blow, but they don't perform during the booms as much. But since QE we are all in uncharted waters - the system was broken by greed, and is kept on life support by printers.

A_Flock_Of_Sheep

I am trying to construct a portfolio and am unsure which bond funds to investigate to balance it out with but I am doing it against noise that bond are a present bad choice. Do you have emerging markets and infrastructure?

IronWolf

If you aren't retiring or in need of income, then I dont know why you would invest in income funds

Thrugelmir

A_Flock_Of_Sheep wrote: »

Not sure but when you chart that collection and look into the top ten holdings they are all quite similar.

That's because the number of shares that meet this criteria are very limited. The top 10 dividend paying shares in the FTSE contribute 50% of the total dividends paid every year.

A_Flock_Of_Sheep

IronWolf wrote: »

If you aren't retiring or in need of income, then I dont know why you would invest in income funds

I will be retiring soon and need an income. So I am a likely candidate.

Everyone's needs are different I guess. Are you younger and not retiring and have a good income currently?

robmatic

A_Flock_Of_Sheep wrote: »

Whoever devised The White List scheme hasn't read Smarter Investing by Tim Hale

Why would they? It's a list of equity income funds.

talexuser

robmatic wrote: »

It's a list of equity income funds.

Exactly, it doesn't claim to be a balanced portfolio. It's a list of recommended (by them) UK equity income funds. The "white fund" is effectively a fund of funds, which is generally not recommended anyway because of double charging, once for the funds themselves, and twice for their wrapper.