advise for a doctor with zero financial IQ

frugal90

good investment return - any chance of sharing your portfolio allocation?

letspretendforaminute

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frugal90 wrote: »

good investment return - any chance of sharing your portfolio allocation?

My portfolio allocation is unorthodox. The mix is totally different to when I started but as of today (£250k invested £65k cash)...

25% (26,990 shares) SBRY.L this is by far the riskiest holding and defies conventional wisdom (eggs in basket) - for me though it’s a conviction buy and I have lowered my entry price substantially by buying and selling in the 2.25-2.40 range. It’s sub £1.90 for me and I’ll compound returns by reinvesting the dividends.

33% in the mining sector in order of largest to smallest position SLP.L WTI.L HZM.L JAY.L AURA.L I’m waiting for my (unspoken) exit price on Sylvania Platinum not far off but I try to invest where my back of a fag packet calculation determines a risk/reward with a downside of 20% for a 200% gain (average purchase price 7.92p), WTI.L has been on my watch list for a while timing a 5million entry at .6p followed by a 3million sell at 1.15p so risk is limited to profits locked in.

Other than that vanguard, fund smith plus an assortment of other shares and etfs

ridingrodeo

Hi,
I was thinking of a BTL in the spouses name as she is a low tax payer and thought it would help...

jennyjj

ridingrodeo wrote: »

Hi,
I was thinking of a BTL in the spouses name as she is a low tax payer and thought it would help...

Buy to let, before you have to worry about tax relief, you have so many other worries: E.g profit.

capital0ne

letspretendforaminute wrote: »

I haven’t looked at investment trusts yet as they are a more sophisticated product that ironically would require me to seek the advice of an IFA.

Really? Why do you need an IFA to read out to what the IT is and what its invested in?
For example CTY - City Of London

It's top ten holding are:
Holdings 30/11/2017 % of Assets
Royal Dutch Shell Plc B 5.80
HSBC Holdings Plc 4.70
British American Tobacco 4.50
Diageo Plc 3.20
BP Plc 3.00
Vodafone Group Plc 2.70
Prudential Plc 2.70
Unilever Plc 2.60
Lloyds Banking Group PLC 2.60
RELX PLC 2.40

Sectors:
Sector 28/02/2017 %
Finance - General 24.50
Consumer Goods 20.50
Consumer Services 13.10
General Industrials 9.20
Utilities 7.40
Oil & Gas 7.20
Telecommunications 6.50
Healthcare 6.40
Materials 4.20
Technology 1.00

Geographic
Country 31/10/2017 %
UK 88.90
USA 3.92
Netherlands 2.36
Germany 2.17
Switzerland 2.00
Fixed Interest .65
Hong Kong .47
France . 40
Cash/Cash Equivalent -.87

Yield 3.92%
Premium 1.35%

All this info is available on any shares site such as Morningstar, Investors Chronicle etc

You don't need an IFA to read and assimilate the info and choose the IT that suits your risk/reward profile

Good Luck

cloud_dog

ridingrodeo wrote: »

...
3. From the replies I will avoid property . Got enough problems
...

ridingrodeo wrote: »

I was thinking of a BTL in the spouses name as she is a low tax payer and thought it would help...

Hi...Can you just confirm which NHS hospital you actually work at? Only, I'd really like to avoid any flip-flopping of medical opinion if I ever have to undergo any radiological assessment.

Terron

jennyjj wrote: »

Buy to let, before you have to worry about tax relief, you have so many other worries: E.g profit.

I have found it easy to make a profit from property., both in terms of income (my aim) and capital gains (bonus). But I had the advanatge of having grown up in an area with high yields and high rental demand and having a contact there who I could trust who knew the business.

ridingrodeo

cloud_dog wrote: »

Hi...Can you just confirm which NHS hospital you actually work at? Only, I'd really like to avoid any flip-flopping of medical opinion if I ever have to undergo any radiological assessment.

very funny...I lost a cup of tea through my nose reading that...I wish finance was as easy as radiology:)....nope...me buying a house as BTL is out as I am a high rate tax payer but my wife has
a small part time job....hence the thought, just to reduce the tax bill....

maximumgardener

you have demonstrated very well that you really do need the services of an IFA that you can work with.

don't worry about the fees but be aware of them . its pay as you go!!!

if they achieve 6 or 7% and you achieved 2 or 3 % then you are quids in.

also they will not hit the panic button but you probably would !!

good luck

Malthusian

ridingrodeo wrote: »

very funny...I lost a cup of tea through my nose reading that...I wish finance was as easy as radiology:)....nope...me buying a house as BTL is out as I am a high rate tax payer but my wife has
a small part time job....hence the thought, just to reduce the tax bill....

Income from any unwrapped investments in her name will be free of tax up to her personal allowance, not just rental income. Why BTL in particular?

With a diversified portfolio of funds you can use your capital gains tax allowances each year by transferring some into joint names, switching enough to use your capital gains allowances into similar investments, and then immediately transferring them back into your wife's name to keep the income tax-free. With BTL that's practically impossible. So BTL is an extremely poor way of using your tax allowances.