A better portfolio selection for Sipp? Thanks

Yanling

Hi there, I have an Isa with Vanguard. I am going to have my sipp with HL ( they do not charge for dealing funds), invest £800 a month for 12 years.

Hsbc Global strategy Balanced, Acc with £300,
Blackrock 85 Acc with £300,
Baillie Gifford Managed, Acc with £100,
Lindsell train global equity, income with £100. ( it is a good fund and earns more interests than banks and could pay the platform fee too).



Any opinions would be appreciated !

bostonerimus

The answers will be the same as for the very similar thread you started a while ago. For me that would be stick to a multi-asset fund for now.

Alexland

Yanling, without wanting to offend, but your problem is not unique - millions of people are accumulating pensions which are generally invested in the same way as a mixed asset fund would invest.

This should give them a good outcome in proportion to the amount they have contributed. Just pick a low cost mixed asset fund that matches your risk tollerence and make regular contributions. It's really that simple.

Avoid fashion investing and chasing yesterday's hot funds. Unless you want to accepting its a risk that could change your outcome one way or another.

Review risk as you approach your retirement.

Alex

Yanling

Thanks guys! would you think the fund ' BlackRock Consensus 85 Class I - Accumulation' could cover the diversification? countries? sectors? ect?
With gratitude

Alexland

Yes blackrock consensus is the only fund we hold in our HL Lifetime ISA accounts. However if you are looking to start withdrawal in around 10 years (if my memory is correct) you might want slightly lower risk. Maybe consensus 70 although unfortunately there is no HL discount on that one.

EdSwippet

Yanling wrote: »

I am going to have my sipp with HL (they do not charge for dealing funds), invest £800 a month for 12 years.

They do not charge for dealing funds, but they do for holding them, 0.45%/year. After 12 years at £800/month contributions you could be paying HL on the order of £900/year in platform fees. Once you reach around £40k or so in your SIPP, perhaps around four or so years in, you will want to investigate moving to a flat-fee platform to prevent these high HL charges from eroding your pension too much.

Yanling

Alexland wrote: »

Yes blackrock consensus is the only fund we hold in our HL Lifetime ISA accounts. However if you are looking to start withdrawal in around 10 years (if my memory is correct) you might want slightly lower risk. Maybe consensus 70 although unfortunately there is no HL discount on that one.

Hi, I already bought a few other funds plus blackrock consensus a few days ago, should I sell them when the price are higher asap or stop buying them and sell them when I am retired? Thank you so much

Alexland

It's absolutely your choice

Yanling

EdSwippet wrote: »

They do not charge for dealing funds, but they do for holding them, 0.45%/year. After 12 years at £800/month contributions you could be paying HL on the order of £900/year in platform fees. Once you reach around £40k or so in your SIPP, perhaps around four or so years in, you will want to investigate moving to a flat-fee platform to prevent these high HL charges from eroding your pension too much.

Hi, HL has an access to drawdown available, do not charge drawdown, paperwork and annual review ect, and switching funds to another provider could be charged a lot by most providers especially by HL, I think.
Do you have any recommendation? Thanks so much