Inherited portfolio-too much duplication?

Thrugelmir

I've been pruning my portfolio over the past few months. After some strong short term performances. As a result top sliced some holdings and disposed of others entirely.

Currently down to 13 holdings.

11 - Investment Trusts
1 - Investment Company Share
1 - direct shareholding

I do hold a relatively small position in HFEL. Though haven't added to it once the share moved to a premium from a discount. On the basis that the dividend continues to grow will most likely hold. As offers a good yield.

Have sold out entirely on NCYF and HDIV once the price rose to significant premiums.

If I identify an IT share that I consider worth buying. Will happily invest anything between £30k and £50k. In staged buys not a single purchase. If price moves significantly then I'll stop. As was the case with HFEL.

One thing I do monitor is the number of shares held in Treasury. Also IT's that are actively buying back and cancelling the shares to narrow a wide discount. Not highly profitable but a better return than leaving the money on deposit.

Audaxer

Eco_Miser wrote: »

And the dividends, and the capital gains, subject to the various nil-rate allowances.
So they're not really in an ISA any more, and you'll probably want to move them into your ISA (and spouse's ISA?) as quickly as possible.

But the paragraph below from the linked page shows that the tax free status can be regained through an additional allowance:
https://moneyfacts.co.uk/guides/isas/inheritance-isas--the-new-rules/
"As things stand, at the date of death, the deceased holder's ISA assets still lose their tax-free status, but this can effectively be regained in the form of an additional allowance. The surviving partner is given an 'Additional Permitted Subscription' (APS) allowance, a one-off ISA allowance that's equal to the value of the ISA at the date of the holder's death, which won't be counted against the normal ISA subscription limit but will instead be added on to the survivor's own annual ISA limit. If the partner had multiple ISAs with different providers, the surviving partner receives an APS allowance for each one."

Sue58

Thrugelmir wrote: »

I've been pruning my portfolio over the past few months. After some strong short term performances. As a result top sliced some holdings and disposed of others entirely.

Currently down to 13 holdings.

11 - Investment Trusts
1 - Investment Company Share
1 - direct shareholding

I do hold a relatively small position in HFEL. Though haven't added to it once the share moved to a premium from a discount. On the basis that the dividend continues to grow will most likely hold. As offers a good yield.

Have sold out entirely on NCYF and HDIV once the price rose to significant premiums.

If I identify an IT share that I consider worth buying. Will happily invest anything between £30k and £50k. In staged buys not a single purchase. If price moves significantly then I'll stop. As was the case with HFEL.

One thing I do monitor is the number of shares held in Treasury. Also IT's that are actively buying back and cancelling the shares to narrow a wide discount. Not highly profitable but a better return than leaving the money on deposit.

Would you mind me asking which 11 IT's you hold or is that too personal.

AlanP_2

Audaxer wrote: »

But the paragraph below from the linked page shows that the tax free status can be regained through an additional allowance:
https://moneyfacts.co.uk/guides/isas/inheritance-isas--the-new-rules/
"As things stand, at the date of death, the deceased holder's ISA assets still lose their tax-free status, but this can effectively be regained in the form of an additional allowance. The surviving partner is given an 'Additional Permitted Subscription' (APS) allowance, a one-off ISA allowance that's equal to the value of the ISA at the date of the holder's death, which won't be counted against the normal ISA subscription limit but will instead be added on to the survivor's own annual ISA limit. If the partner had multiple ISAs with different providers, the surviving partner receives an APS allowance for each one."

As per BOLD - not a partner in the case of the OP so doesn't apply.

Thrugelmir

Sue58 wrote: »

Would you mind me asking which 11 IT's you hold or is that too personal.

Not at all. Currently these are my IT holdings.

UTL
INV
UEM
AIF
SMIF
TFIF
DIVI
SDV
TRY
SOI
HFEL

dutchism1958

Thanks Coldiron, appreciate your thoughts.Yes, the Artemis is 2 forms of the monthly distribution fund and the Fidelity Builder the income one.I viewed Ruffer as more of a defensive wealth preservation global bond.
I also have Troy Trojan Inc O Inc for good returns and dividends,Princess Private Equity, First State Global Listed Infrastructure and Third Avenue Real Estate A1 USD for property so possibly a dozen or so holdings.
As you say,it is opinion and I need to make my own decisions,but it is others opinions who know more than I do that help me to rationalise the decisions.
thanks again.

dutchism1958

Thanks StellaN,that is the ballpark figure I am considering too.

dutchism1958

Thanks Eco Miser,that is exactly what we are busy with right now.

dutchism1958

Thanks for sharing that info Thrugelmir. I am seeing quite a number of people with a strong leaning for ITs and that has been my path more recently whilst also trying to avoid the higher premiums and keep costs down.With my late father's additions I was getting to 30 odd holdings so this thread has helped me refocus and prioritise.
Thanks.

dutchism1958

Thanks for that Audaxer and Alan P, I have contacted the solicitor and he will get back to me re this.