Monthly income

mark13

Fab spreadsheet. Thanks for sharing.

takesyourchances

Great seeing your latest update John, you are going excellent and breaking the 100K is fantastic!

JohnRo

I'd like to canvas some opinion. For all the detail I post here there's a lot not shown and that's partly what this is about.

New tax year, new allowance, unwrapped investments.

I'm trying to work out the most effective way to get some of the unwrapped IT holdings I have into my ISA without limiting the new ISA allowance also going in via new additional increments.

By pure coincidence the amount of unwrapped currently held is ~£20K in five of the ITs shown in this current IT portfolio.

Obviously two into one won't go. The best solution I can come up with as it stands is to continue holding those unwrapped as is, then put the incremental top ups into the ISA as separate smaller holdings of the same thing.

That way I get the new annual allowance utilised at no additional net cost since every month on CSD I will be making one purchase regardless of amount anyway to kill the platform fee.

It doesn't help to get the unwrapped wrapped now but longer term the plan in future years, which look like I might struggle to fully utilise the ISA allowance, is to pull these in at certain points to use that up.

Nice problems to have I know but just wondering if there's something I've overlooked as a more effective solution or option?

I'll post a big portfolio update towards the end of the month for those interested to see how it's all going, some forced unexpected changes (LSLI) just served to remind me that nothing can be taken for granted.

ColdIron

I suppose the obvious alternative is to sell and repurchase your unwrapped shares in the ISA. This would have the benefit of using some of your CGT allowance which might be a problem later. Better to shed some early. You could then top up the unwrapped funds bearing in mind the 30 day rule. If you are interested I'm going to let my LSLI roll over so I can kick that decision down the road as I can't find anything I like enough yet to replace it

stoozie1

I'm very impressed.

I can see your income generated, sorry for the foolish question but what has been the growth of capital of your fund this year, other than new holdings?

JohnRo

ColdIron wrote: »

If you are interested I'm going to let my LSLI roll over so I can kick that decision down the road as I can't find anything I like enough yet to replace it

I always assumed LSLI was one of those trusts that'd been around forever (well 57 years) and would continue being so, I perceived it as a bit of a portfolio benchmark for some reason, it did what it was intended to do at least and has tracked my overall quite closely. It's really a shame it's ending as it was.

I've almost certainly decided JPGI will replace it, not exactly an income oriented replacement but I like the look of it and the reduced income it does produce can be used to rebalance elsewhere if the JPGI capital growth keeps it at or above allocation. At least it's a quarterly payout which works well with the setup I've got.

The aim going forward is not to cut back any gains but to tip new money and generated income into those trusts struggling to maintain their relative allocated share of the total, so it sort of fits, I tell myself that anyway...

One thing I've deliberately overlooked is a SIPP, reasoning I prefer the access and flexibility of an ISA. Especially with the new Flexible ISA which will make earning some interest on the unused dividend cash pool and retaining the allowance an option now, that wasn't there before. If they introduce a flexible SIPP I'll have to give that some more consideration.

I can see your income generated, sorry for the foolish question but what has been the growth of capital of your fund this year, other than new holdings?

Not a foolish question, just a tough one to answer, given the ongoing rebalancing with new money and dividends.

I've unitised the portfolio starting at £100, so perhaps that's the answer you're looking for?

2013-06-20 £100.00
2016-04-04 £110.94
2017-04-04 £137.64

It's safe to say last year was a good one in no small part thanks to the summer madness.

JohnRo

ColdIron wrote: »

I suppose the obvious alternative is to sell and repurchase your unwrapped shares in the ISA. This would have the benefit of using some of your CGT allowance which might be a problem later. Better to shed some early. You could then top up the unwrapped funds bearing in mind the 30 day rule.

Only issue there being the additional set of transaction charges, although the amount is of no great significance in the grand scheme.

I hope this makes sense,

leave unwrapped and ISA the additions means

sell then buy (in ISA), additions buy (in ISA)

or shift them over now and unwrap the additions means

sell then buy (in ISA), additions buy, sell then buy (into ISA)

also as the additions are the much smaller amounts those extra sell then buy transaction charges are proportionally much higher.

JohnRo

LSLI has gone, it's a shame, I had assumed it would last me out.





top line entry is mine based on cash advance information, I expect it to land on Monday. It's done alright, the replacement JPGI purchase is scheduled for July.

I'll post a portfolio update and some pics next week for those interested.

ColdIron

I'm looking at F&C Managed Portfolio Trust Plc (FMPI) as an LSLI replacement. Same sort of idea, less UK, decent yield and it's quite small so could be more nimble

JohnRo

ColdIron wrote: »

I'm looking at F&C Managed Portfolio Trust Plc (FMPI) as an LSLI replacement. Same sort of idea, less UK, decent yield and it's quite small so could be more nimble

Looks like a very good swap to be honest but I've set my sights on JPM's offering.

Plan being to divert the smaller payout and new money elsewhere, expecting growth to keep it in shape.

I'm prepared to give it a year or three and then revisit how that plan is working out.