Multiple portfolios in different wrappers

Linton

pip895 said:

Thrugelmir said:

pip895 said:

Our 10 "portfolios" (bunch of funds etc in a wrapper) probably the wrong term sorry - consist of two isas each, one on HL the other on iWeb and SIPPs on HL split into crystallised and uncrystallised funds + unwrapped funds (VCTs mainly) and cash in Active savings.
My overall allocation is:- 
Cash 10%
Bonds 6%
Wealth Preservation 10%
Gold 5%
Property 4%
Global passive 12%
Global active 12%
UK passive 5%
UK active 12%
Europe 6%
Japan & Asia ex Jap 8%
Emerging 10%
I try to keep a similar split in each of the wrappers although cash is concentrated in the un wrapped portion.
Apart from Emerging markets being high which I am OK with is anything else "unusual" 

Global will cover UK, European and Japanese stocks. 
PNL holds Unilever. Microsoft and Alphabet as three of the top holdings. 
PNL holds gold . 
Are global active/passive and UK active/passive overlapping as well? 

In some cases this overlap doesn't exist in a single compartment but there is undoubtedly some duplication - I do try and ensure that funds that are tightly correlated don't sit together.  The ~10% of PNL which is gold is included in my overall gold % but some of the other funds under "Wealth preservation"  are more opaque.  With the UK funds the majority in the global funds is large cap whereas the separate uk funds are mid and small cap.

Why?  In any case if the funds are tightly correlated, do you really need both? I feel you are making things unnecessarily complicated with no obvious benefits.

pip895

Linton said:

pip895 said:

Thrugelmir said:

pip895 said:

Our 10 "portfolios" (bunch of funds etc in a wrapper) probably the wrong term sorry - consist of two isas each, one on HL the other on iWeb and SIPPs on HL split into crystallised and uncrystallised funds + unwrapped funds (VCTs mainly) and cash in Active savings.
My overall allocation is:- 
Cash 10%
Bonds 6%
Wealth Preservation 10%
Gold 5%
Property 4%
Global passive 12%
Global active 12%
UK passive 5%
UK active 12%
Europe 6%
Japan & Asia ex Jap 8%
Emerging 10%
I try to keep a similar split in each of the wrappers although cash is concentrated in the un wrapped portion.
Apart from Emerging markets being high which I am OK with is anything else "unusual" 

Global will cover UK, European and Japanese stocks. 
PNL holds Unilever. Microsoft and Alphabet as three of the top holdings. 
PNL holds gold . 
Are global active/passive and UK active/passive overlapping as well? 

In some cases this overlap doesn't exist in a single compartment but there is undoubtedly some duplication - I do try and ensure that funds that are tightly correlated don't sit together.  The ~10% of PNL which is gold is included in my overall gold % but some of the other funds under "Wealth preservation"  are more opaque.  With the UK funds the majority in the global funds is large cap whereas the separate uk funds are mid and small cap.

Why?  In any case if the funds are tightly correlated, do you really need both? I feel you are making things unnecessarily complicated with no obvious benefits.

A UK All company fund I use is closely correlated with a UK SC fund I also use. Another example is PNL and Troy Trojan - On some platforms and wrappers it makes more sense to to have one rather than the other but I wouldn't have both together as they are too similar.
I think I can justify most of the investments I have - perhaps I will just stop worrying about my high total number of investments..

Thrugelmir

pip895 said:

Linton said:

pip895 said:

Thrugelmir said:

pip895 said:

Our 10 "portfolios" (bunch of funds etc in a wrapper) probably the wrong term sorry - consist of two isas each, one on HL the other on iWeb and SIPPs on HL split into crystallised and uncrystallised funds + unwrapped funds (VCTs mainly) and cash in Active savings.
My overall allocation is:- 
Cash 10%
Bonds 6%
Wealth Preservation 10%
Gold 5%
Property 4%
Global passive 12%
Global active 12%
UK passive 5%
UK active 12%
Europe 6%
Japan & Asia ex Jap 8%
Emerging 10%
I try to keep a similar split in each of the wrappers although cash is concentrated in the un wrapped portion.
Apart from Emerging markets being high which I am OK with is anything else "unusual" 

Global will cover UK, European and Japanese stocks. 
PNL holds Unilever. Microsoft and Alphabet as three of the top holdings. 
PNL holds gold . 
Are global active/passive and UK active/passive overlapping as well? 

In some cases this overlap doesn't exist in a single compartment but there is undoubtedly some duplication - I do try and ensure that funds that are tightly correlated don't sit together.  The ~10% of PNL which is gold is included in my overall gold % but some of the other funds under "Wealth preservation"  are more opaque.  With the UK funds the majority in the global funds is large cap whereas the separate uk funds are mid and small cap.

Why?  In any case if the funds are tightly correlated, do you really need both? I feel you are making things unnecessarily complicated with no obvious benefits.

I think I can justify most of the investments I have - perhaps I will just stop worrying about my high total number of investments..

When I reach 80 holdings now. Despite justifying to myself an argument for keeping each and everyone. I still pull out the axe and look to simplify the portfolio. Can only read so much every day!  

cricidmuslibale

Thrugelmir said:

pip895 said:

Linton said:

pip895 said:

Thrugelmir said:

pip895 said:

Our 10 "portfolios" (bunch of funds etc in a wrapper) probably the wrong term sorry - consist of two isas each, one on HL the other on iWeb and SIPPs on HL split into crystallised and uncrystallised funds + unwrapped funds (VCTs mainly) and cash in Active savings.
My overall allocation is:- 
Cash 10%
Bonds 6%
Wealth Preservation 10%
Gold 5%
Property 4%
Global passive 12%
Global active 12%
UK passive 5%
UK active 12%
Europe 6%
Japan & Asia ex Jap 8%
Emerging 10%
I try to keep a similar split in each of the wrappers although cash is concentrated in the un wrapped portion.
Apart from Emerging markets being high which I am OK with is anything else "unusual" 

Global will cover UK, European and Japanese stocks. 
PNL holds Unilever. Microsoft and Alphabet as three of the top holdings. 
PNL holds gold . 
Are global active/passive and UK active/passive overlapping as well? 

In some cases this overlap doesn't exist in a single compartment but there is undoubtedly some duplication - I do try and ensure that funds that are tightly correlated don't sit together.  The ~10% of PNL which is gold is included in my overall gold % but some of the other funds under "Wealth preservation"  are more opaque.  With the UK funds the majority in the global funds is large cap whereas the separate uk funds are mid and small cap.

Why?  In any case if the funds are tightly correlated, do you really need both? I feel you are making things unnecessarily complicated with no obvious benefits.

I think I can justify most of the investments I have - perhaps I will just stop worrying about my high total number of investments..

When I reach 80 holdings now. Despite justifying to myself an argument for keeping each and everyone. I still pull out the axe and look to simplify the portfolio. Can only read so much every day!  

Sorry to be somewhat silly in an imaginative way but if your portfolio was a solid object made of wood I would now have a vision of you pulling out a great Norse battle axe and savagely chopping it into several much smaller pieces! 

Thrugelmir

cricidmuslibale said:

Thrugelmir said:

pip895 said:

Linton said:

pip895 said:

Thrugelmir said:

pip895 said:

Our 10 "portfolios" (bunch of funds etc in a wrapper) probably the wrong term sorry - consist of two isas each, one on HL the other on iWeb and SIPPs on HL split into crystallised and uncrystallised funds + unwrapped funds (VCTs mainly) and cash in Active savings.
My overall allocation is:- 
Cash 10%
Bonds 6%
Wealth Preservation 10%
Gold 5%
Property 4%
Global passive 12%
Global active 12%
UK passive 5%
UK active 12%
Europe 6%
Japan & Asia ex Jap 8%
Emerging 10%
I try to keep a similar split in each of the wrappers although cash is concentrated in the un wrapped portion.
Apart from Emerging markets being high which I am OK with is anything else "unusual" 

Global will cover UK, European and Japanese stocks. 
PNL holds Unilever. Microsoft and Alphabet as three of the top holdings. 
PNL holds gold . 
Are global active/passive and UK active/passive overlapping as well? 

In some cases this overlap doesn't exist in a single compartment but there is undoubtedly some duplication - I do try and ensure that funds that are tightly correlated don't sit together.  The ~10% of PNL which is gold is included in my overall gold % but some of the other funds under "Wealth preservation"  are more opaque.  With the UK funds the majority in the global funds is large cap whereas the separate uk funds are mid and small cap.

Why?  In any case if the funds are tightly correlated, do you really need both? I feel you are making things unnecessarily complicated with no obvious benefits.

I think I can justify most of the investments I have - perhaps I will just stop worrying about my high total number of investments..

When I reach 80 holdings now. Despite justifying to myself an argument for keeping each and everyone. I still pull out the axe and look to simplify the portfolio. Can only read so much every day!  

Sorry to be somewhat silly in an imaginative way but if your portfolio was a solid object made of wood I would now have a vision of you pulling out a great Norse battle axe and savagely chopping it into several much smaller pieces!