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FTSE rising whilst prospect of FTA seems to be fading
Comments
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I used 5% of my pension portfolio that was in cash to move into UK a recovery fund and a UK smaller co' fund last week in anticipation of a deal.
That play is still available if anyone is still thinking about it, but should a deal not be found and we end up on WTO in January then those types of fund will be hit quite hard.
Place your bets...0 -
MPN said:In the end I went with Murray Income.Good choice MUT and CTY were both performing as well, on an accumulation basis, as the FTSE World over the 20 years before the Brexit decision. CTY was lumbered with (what now seems) very high interest rate long term loans which have been rearranged at attractive rates so hopefully the leverage will start contributing to performance again especially if we see a rebound for UK stocks in the next few weeks and months. Although we don't need the income yet it's reassuring to know our mortgage repayments are mostly covered by smoothed S&S ISA dividends.0
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If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly0 -
Sailtheworld said:If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly5 -
Alexland said:MPN said:In the end I went with Murray Income.Good choice MUT and CTY were both performing as well, on an accumulation basis, as the FTSE World over the 20 years before the Brexit decision. CTY was lumbered with (what now seems) very high interest rate long term loans which have been rearranged at attractive rates so hopefully the leverage will start contributing to performance again especially if we see a rebound for UK stocks in the next few weeks and months. Although we don't need the income yet it's reassuring to know our mortgage repayments are mostly covered by smoothed S&S ISA dividends.2
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MaxiRobriguez said:Sailtheworld said:If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly0 -
MonroeM said:MaxiRobriguez said:Sailtheworld said:If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly
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MonroeM said:MaxiRobriguez said:Sailtheworld said:If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly
I would anticipate if the deal is done then FTSE100 and 250 both go up, but 250 more so.4 -
MaxiRobriguez said:MonroeM said:MaxiRobriguez said:Sailtheworld said:If sterling increases the £ value of the asset may fall but those £ are worth more. If sterling falls the £ value of the asset may rise but those £ are worth less. Can't see the bet to be honest.
If someone wants to bet on currency they may as well do it directly
I would anticipate if the deal is done then FTSE100 and 250 both go up, but 250 more so.
Quite happy with my positioning now. Across all portfolios I'm still slanted far more towards global equities so a Brexit trade deal is on paper going to reduce total value, but on the flip side I'm still in accumulation stage as a relative youngster here, so any rapid improvement in GBP will just mean I start buying more global equities again.2 -
MaxiRobriguez said:Quite happy with my positioning now. Across all portfolios I'm still slanted far more towards global equities so a Brexit trade deal is on paper going to reduce total value, but on the flip side I'm still in accumulation stage as a relative youngster here, so any rapid improvement in GBP will just mean I start buying more global equities again.I doubt the currency movements on a deal will be enough to materially damage our global equities (maybe a small setback) but the idea of building an old fashioned UK income trust portfolio in our S&S ISAs is very tempting. It's just so unbearably long until we can get access to our pre-funded pensions we might end up saving for retirement twice so we have enough income to cover our 50s. If doing this it would be better that UK markets doesn't recover too well after a deal announcement as it would be a shame if the dividend reinvestment was buying in at higher prices in future. So if it recovers too well then the opportunity is gone and probably back to global equities again but I wonder if there is too much price risk building up in a few of the big US growth stocks.
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