Help me trim my portfolio, please.

mrlegend123

MaxiRobriguez said:

AlanP_2 said:

MaxiRobriguez said:

Crikey, proper mixed bag there and your distribution of assets isn't the same in the SIPP as it is in the S&S ISA which isn't likely to be ideal for you.

Interested in this point, and would like to understand the rationale?

Specifically this is because the op has admitted they've jumped in at the deep end, and hasn't thought about the allocations.

 The SIPP is 50% emerging markets and 50% Baillie Gifford Managed in which Tesla makes up the biggest single element of the fund. It's quite racy, not really diversified and significantly more prone to volatility than the other wrappers which include a much bigger allocation to bonds and other geographical spread. It makes it much harder to forecast what the different pots will be worth at some point in the future, and therefore makes it harder for the OP to have a gauge on what sort of money he would have available from the ISA before he could crystalise the SIPP, and therefore has no clue on whether his current investments are suitable to meet his investing goals. 

To me, if the OP has a moderately-high risk appetite then both S&S ISA and SIPP should have a broadly similar approach - global equities, with a bit of cash/bonds/gold to reduce volatility and allow for speculative buy the dip. Op can then forecast in mid-single digit gains over a long timeframe to gauge an idea of what they will have in the different pots. Once that's set then the OP can look at whether they want to start moving into the SIPP assets and get the tax relief bonus as it's likely he will have years to draw from the SIPP anyway.

BG are slowly reducing their holdings in tesla. used to be 5%, now its 2%

hoofy

Thanks. I now have something to go on for a more logical strategy with my investments. 

mrlegend123

chockydavid1983 said:

You definitely need a plan first, regardless of whether you DIY invest with an IFA.
From your last post, it sounds like you don't have a need for much growth at all so can stick to a pretty conservative approach focussed more on wealth preservation. I use a 2 fund approach with just Global Equities and Global bonds for example.
But you need to estimate things like when you will retire, how much money you will need in retirement etc so you can devise a strategy to achieve what you want to.

how come you don't use BG managed or Vanguard Lifestrategy fund instead of 2 funds? what's the benefits j. w? 

C_Mababejive

Designing investment portfolios is for experts or those with a fair bit of knowledge/experience. Best to just buy a multI asset acc fund, keeping an eye on costs and let others do the work for you.