ISA lacking direction.

adviceisgood

Hi,
I seem to be lacking ideas and direction on my portfolio at the moment it has been built up over a number of years within an ISA .
Currently the ISA is made up of the following funds and shares
Vanguard life strategy 60                                           40 per cent
Henderson Janus Henderson Global Equity             30 percent

Lindsell Train Global equity                                       10 per cent

Legal and General Health and Phama   (LGHPTA)   10 per cent

Vanguard FTSE Dev Wld ex UK Eq Idx Acc                3 per cent

Aviva ordinary shares                                                   4 per cent

Lloyds Ordinary shares                                                 3 per cent.

I am lucky to have  20k further to invest which will still leave us with an emergency fund and I have no requirement to access the ISA for at least 5 years when my wife hopes to retire,I am in receipt of   a DB pension that currently covers all our outgoings.

I read about rebalancing , but just don't know where to start .

Thanks for taking the time to read.

                                         

 

Alexland

Well rebalancing would usually be based on maintaining a target asset allocation. It might help to forget about what you have now and ask yourself what you should be holding to stand the best chance of meeting your financial objectives. Also would it make sense to contribute more into your pensions rather than add to the ISAs?

adviceisgood

Hi AlexLand
thanks for taking the time to reply
I currently have   SIpp Investments and am building one up for the wife who currently doesn’t pay tax on her income
The fund proportions are across the ISA and the Sipp sorry I wasn’t clear on this.
The overall aim is to help wife retire in 5 years and have something to help my 2 teenage children in the years to come.

Maybe I need more specific goals.

dunstonh

Whilst rebalancing can apply to a static allocation (in crude simplistic terms, if you had 10 funds with 10% in each then rebalancing would mean bringing them back to 10% periodically).   However, it can also apply to adjusting the weightings to the latest asset allocation model where the model is fluid.  e.g.  Gilts could have been 45% a year ago but be 40% now.

It really depends on what strategy you are following with your investments.   Assuming you are following a strategy at all and its not all a bit hit and hope.

adviceisgood

Thanks Dunstonh my strategy has maybe involved a little hit and hope and some gut feelings but now aiming to move forward with more of a strategy.

threeamigos

I appologise if this is what it looked like I had no intention of hijacking anyones post or of being rude!!! I have removed my post and created my own thread!!