SIPP/ portfolio advice

Voyager2002

EdGasketTheSecond said:

If you are not trading then move your SIPP to another provider where the charges are lower. You would have to sell the funds and move cash as that is the most expedient way. Scottish Widows have a wide range of funds and no charges other than the fund management charges; switches between funds are free. They also make no charge when you take a pension lump sum.

Dealing costs plus time out of the market might make this an expensive move! Plus, the OP holds investment trusts and might not want to move into Funds instead, partly because of the hassle of choosing a completely new portfolio.

Voyager2002

RetSol said:

AnotherJoe said:

.... a fund focussed on renewable energy, Eg solar and wind. That's where the future lies. 

Any suggestions for funds in this area, @AnotherJoe? 

I also hold TRIG as well as Greencoat. And I hold the renewable energy ETF issued by iShares.

AnotherJoe

Voyager2002 said:

RetSol said:

AnotherJoe said:

.... a fund focussed on renewable energy, Eg solar and wind. That's where the future lies. 

Any suggestions for funds in this area, @AnotherJoe? 

I also hold TRIG as well as Greencoat. And I hold the renewable energy ETF issued by iShares.

That's INRG (which I hold). I'll check out Greencoat though it's an unfortunate name IMO makes me think of "greenwashing" ! 

noClue

what is the "practical" advantage of investment trust over diversified mutual index fund?

Moe_The_Bartender

AnotherJoe said:

Voyager2002 said:

RetSol said:

AnotherJoe said:

.... a fund focussed on renewable energy, Eg solar and wind. That's where the future lies. 

Any suggestions for funds in this area, @AnotherJoe? 

I also hold TRIG as well as Greencoat. And I hold the renewable energy ETF issued by iShares.

That's INRG (which I hold). I'll check out Greencoat though it's an unfortunate name IMO makes me think of "greenwashing" ! 

Greencoat stands at a premium of 18% for no apparent reason. Too expensive for me.

I prefer ishares Global Clean Energy UCITS ETF.

Prism

noClue said:

what is the "practical" advantage of investment trust over diversified mutual index fund?

The trusts tend to hold the actual infrastructure directly, so the wind farms, fields of solar panels, battery storage systems. They then typically pay out a significant amount of the profits as dividends or interest (or both).
The ETFs hold the large global companies that make their money from renewable energy. e.g SolarEdge is a $10bn company which makes and supports many of the parts involved in creating solar panels. 

I don't think its one or the other, but possibly both

EdGasketTheSecond

Voyager2002 said:

EdGasketTheSecond said:

If you are not trading then move your SIPP to another provider where the charges are lower. You would have to sell the funds and move cash as that is the most expedient way. Scottish Widows have a wide range of funds and no charges other than the fund management charges; switches between funds are free. They also make no charge when you take a pension lump sum.

Dealing costs plus time out of the market might make this an expensive move! Plus, the OP holds investment trusts and might not want to move into Funds instead, partly because of the hassle of choosing a completely new portfolio.

Well how else are they going to save II's charges?

noClue

So would you say for a younger guy investment trust is not really the choice then? Basically I am not looking for any dividends or interest paid to me for probably at least another 2 decades...

If they pays me any dividend then I guess I will have to pay tax (if I pass the threshold) even I want to re-invest the dividends? Or I can set it up so the dividend gets re-invested automatically?

Prism

noClue said:

So would you say for a younger guy investment trust is not really the choice then? Basically I am not looking for any dividends or interest paid to me for probably at least another 2 decades...

If they pays me any dividend then I guess I will have to pay tax (if I pass the threshold) even I want to re-invest the dividends? Or I can set it up so the dividend gets re-invested automatically?

As I am getting a bit nearer to the time I might want to start withdrawing capital and income, I have started to move into the general category of alternatives, which include those green energy infrastructure trusts, but also traditional infrastructure, property trusts, precious metals, commodities etc. There are no guarantees of course but they do tend to behave differently than equities and bonds and are a way of reducing volatility.

In your situation I would have gone for the standard equity funds. Thrugelmir gave a good example of a equity trust above.

Voyager2002

Moe_The_Bartender said:

Greencoat stands at a premium of 18% for no apparent reason. Too expensive for me.

Since there is no market for the assets that Greencoat holds the valuation (and hence the premium) is somewhat arbitrary. There are plenty of good reasons not to choose this investment, but the figure for the premium is not one of them.