FTSE rising whilst prospect of FTA seems to be fading

Another_Saver

I just hope the UK market doesn't catch up with the rest of the world before I finish my accumulation phase 🙏

LHW99

Another_Saver said:

I just hope the UK market doesn't catch up with the rest of the world before I finish my accumulation phase 🙏

Yes, I suggested to my son last year that he really wanted a "good crash" while he was building up his pension and a steep recovery in 20 years time, just before he needs to take an income - I hadn't thought 'AH, YES, a global pandemic would do'

Thrugelmir

Alexland said:

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.

Worrry less about "markets" and more about company fundamentals if you are trying to build a subset portfolio. Been some real bargains over the past 3 months. With all the negative UK mantra. 

MaxiRobriguez

Thrugelmir said:

Alexland said:

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.

Worrry less about "markets" and more about company fundamentals if you are trying to build a subset portfolio. Been some real bargains over the past 3 months. With all the negative UK mantra. 

Care to share which companies you think are bargains out of interest?

Thrugelmir

MaxiRobriguez said:

Thrugelmir said:

Alexland said:

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.

Worrry less about "markets" and more about company fundamentals if you are trying to build a subset portfolio. Been some real bargains over the past 3 months. With all the negative UK mantra. 

Care to share which companies you think are bargains out of interest?

Has been, is past sense. Off the top of my head suggested both M&G and Legal & General a couple of months ago as offering fair value. 

AIF proved a rewarding investment in the investment trust space. 

Been tracking Polymetal more recently. 

MaxiRobriguez

Thrugelmir said:

MaxiRobriguez said:

Thrugelmir said:

Alexland said:

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.

Worrry less about "markets" and more about company fundamentals if you are trying to build a subset portfolio. Been some real bargains over the past 3 months. With all the negative UK mantra. 

Care to share which companies you think are bargains out of interest?

Has been, is past sense. Off the top of my head suggested both M&G and Legal & General a couple of months ago as offering fair value. 

AIF proved a rewarding investment in the investment trust space. 

Been tracking Polymetal more recently. 

Thanks, was just interested that's all. I picked up a few £k of M&G shares when they were at about 130 in April time (was my punt in the 'suggestions for a speculative punt' thread) which I'm pretty chuffed with. 

Thrugelmir

MaxiRobriguez said:

Thrugelmir said:

MaxiRobriguez said:

Thrugelmir said:

Alexland said:

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.

Worrry less about "markets" and more about company fundamentals if you are trying to build a subset portfolio. Been some real bargains over the past 3 months. With all the negative UK mantra. 

Care to share which companies you think are bargains out of interest?

Has been, is past sense. Off the top of my head suggested both M&G and Legal & General a couple of months ago as offering fair value. 

AIF proved a rewarding investment in the investment trust space. 

Been tracking Polymetal more recently. 

Thanks, was just interested that's all. I picked up a few £k of M&G shares when they were at about 130 in April time (was my punt in the 'suggestions for a speculative punt' thread) which I'm pretty chuffed with. 

That was a good purchase. Solid yield.  Reinvesting the income alone will make for a long term good return. 

Alexland

Another_Saver said:

I just hope the UK market doesn't catch up with the rest of the world before I finish my accumulation phase 🙏

After the weekend's news it's not looking like it will catch up just yet...

MaxiRobriguez

Alexland said:

Another_Saver said:

I just hope the UK market doesn't catch up with the rest of the world before I finish my accumulation phase 🙏

After the weekend's news it's not looking like it will catch up just yet...

You can always count on mutant-virus-which-is-more-transmissible-and-more-deadly-and-can-cause-reinfections to knock the best laid plans off course.

Alexland

The plan seems to be going well so far this morning with newly acquired CTY in our S&S ISAs up 1.5% on strong Brexit rumours but the global trackers in our Pensions/LISAs down about 0.5% on currency movements. Overall we are down a bit but it's rebalancing wealth from pensions into S&S ISAs which is what I wanted. LSE will probably close just after lunchtime so I hope they make the announcement early enough that I get to see my Christmas present of whatever hasn't been priced in already.