End of year review

Audaxer

fjh wrote: »

Split of holdings is
BMO MM Navigator Cautious D Acc 6.31%
Jupiter Merlin Income Portfolio I Acc 5.88%
Quilter Investors Cirilium Balanced Portfolio R Acc GBP 5.67%
Quilter Investors Cirilium Conservative Portfolio R Acc GBP 5.63%
Threadneedle Managed Equity & Bond ZNA GBP 5.88%
Vanguard LifeStrategy 40% Equity A Acc 5.97%
Total 35.34%
Pension Funds
Name Weight
GBP
Pru PruFund Cautious Fund Pn Ser A 15.95%
Pru PruFund Growth Fund Pn Ser A 48.71%
Total 64.66%

Assuming these percentages are based on the current values of the funds on your portfolio, I have looked at the portfolio on Trustnet and the total return of the portfolio from 1/1/19 to date seems to be just under 8% compared to 13% for VLS40 alone. Looking at the Trustnet graph, the Pru pension funds appear to be the lowest performers for this year as both have returns of just under 6% for this year to date.

Prism

If you want to compare vs a benchmark it can be tricky to work out which one, but I would suggest one of the VLS funds if you have a bias to UK stocks or simply a world tracker if not. I myself use VLS100 as a kind of benchmark but I don't worry too much about yearly figures. 3 or 5 year are more relevant. For example this year I have underperformed VLS100 by around 1% but over 3 and 5 years I have done better. Comparing can be interesting to see how you are doing but over a calendar year I wouldn't read much into it.

[Deleted User]

Because of the “smoothing” (in other words messing with annual return figures), you can’t compare annual returns vs a benchmark. The interesting figure is funds’ actual return on underlying assets. Pru will be reporting it at some point.

fjh

Deleted_User wrote: »

I see.

Do you have an idea of what proportion of your required income you already have (accounting for the state pension and all the other sources of income)?

If you have what you need then extreme caution makes sense. No point to keep playing the game if you already won. Otherwise something like 50/50 could still make sense for a while.

Thanks
On current progress almost at point I need , another 2 years should be on goal based on growth of 3.5% net, so may in new year move more to Vanguard and Royal London sustainable managed growth .

[Deleted User]

fjh wrote: »

Thanks
On current progress almost at point I need , another 2 years should be on goal based on growth of 3.5% net, so may in new year move more to Vanguard and Royal London sustainable managed growth .

These two providers offer VERY different strategies.

fjh

Per my original post it has now been suggested that I 'benchmark' against

ABI Mixed Investment 20%-60%
I cannot find on Trustnet and I seek help- if this an 'index' or an cattail holding?.
I have used Google but still not clear.
Thank you

eskbanker

fjh wrote: »

Per my original post it has now been suggested that I 'benchmark' against

ABI Mixed Investment 20%-60%
I cannot find on Trustnet and I seek help- if this an 'index' or an cattail holding?.
I have used Google but still not clear.
Thank you

It's a sector, a grouping that allows similar funds to be compared - the first result when I Googled that was https://www.abi.org.uk/globalassets/files/subject/public/regulation/abisectordefinitions.pdf which explains the 34 sectors used by the ABI, of which this one is the second in the listing.

Trustnet uses IA sector definitions but there's a direct equivalent: https://www2.trustnet.com/Tools/Charting.aspx?typeCode=XO:CAUTIOUS

fjh

eskbanker wrote: »

It's a sector, a grouping that allows similar funds to be compared - the first result when I Googled that was https://www.abi.org.uk/globalassets/files/subject/public/regulation/abisectordefinitions.pdf which explains the 34 sectors used by the ABI, of which this one is the second in the listing.

Trustnet uses IA sector definitions but there's a direct equivalent: https://www2.trustnet.com/Tools/Charting.aspx?typeCode=XO:CAUTIOUS

Very helpful and thanks for the link.

bostonerimus

This thread shows that for many people an advantage of keeping things simple is that they can easily see how their portfolio is performing, it could also keep costs down if done sensibly.