SIPP Portfolio Appraisal

MJC1983

Hi, 
Looking for some general advice on my pension planning please.
37 years old and on a salary of £100k.
Have approximately £12k in my workplace pension, where myself and my employer contribute the minimum amounts.
I also have my own SIPP which has a balance of £55k which I am paying £500 a month into. My SIPP is comprised of the following:

Stock	Value (£)	%
Fundsmith Equity Class I - Accumulation (GBP)	7,897.04	14.67
Invesco Markets II Plc Invesco Elwood Global Blockchain UCITS ETF (Acc)	848.43	1.58
Lindsell Train Global Equity - Distributing Class D - Income (GBP)	5,279.43	9.81
Lombard Odier Golden Age Class I - Income (Hedged GBP) *2	1,546.69	2.87
Polar Capital Technology Trust plc Ordinary 25p	5,621.94	10.44
Rathbone Global Opportunities Inclusive - Class R - Accumulation (GBP)	795.47	1.48
Smithson Investment Trust Plc ORD GBP0.01	3,028.48	5.63
Vanguard LifeStrategy 80% Equity Accumulation (GBP)	18,786.93	34.90
Vanguard Target Retirement 2050 Accumulation (GBP)	10,008.02	18.59

I feel my SIPP may need a bit of change of up. What funds would compliment what is in there already?
Is keeping over 50% in Vanguard sensible?
I will be looking to increase my SIPP contributions to £800 per month as a result of recent pay rise. 
Thanks in advance.  

dunstonh

That is a lot of funds for just 55k.    Plus, it looks a bit fashion investing.   Is there a structure to it or have you just bought funds promoted in the media?

kuratowski

MJC1983 said:

Is keeping over 50% in Vanguard sensible?

Turning that round, why not 100% in Vanguard?  What's the reason for diverging from the diversified multi asset portfolio they've selected?

MX5huggy

Why have you got Vangard LS and TR 2050? they are the same ATM only when you move closer to 2050 will TR start moving assets towards bonds you’re paying a slight premium for this service. Stick it all in LS. 

Thrugelmir

X ray on your holdings on Morningstar. Would appear to be a high concentration of investment into a small group of stocks. 

mark55man

There are some good names there, but does look a bit fragmented and suggestive of a little too much chop and change (so much like my own), but the small bits are great for learning, and the core is in the right place

plus I like the small allocation to BCHS - might be worth a little top up.  if you are a believer buy on the dips

barnstar2077

I personally would just use the VLS 80, but at the least I would remove the target retirement, blockchain and technology fund.  The first one as it is redundant, and the last two as they are too concentrated in one sector.  Even then you would have too many funds in my opinion, but I'm no expert, just my two pence. 

Albermarle

Every One Pound in , only costs you 60p , so can you not just add more than around One thousand Pounds a month to take maximum advantage of the very generous tax relief for 40% taxpayers ? Most likely this perk will not last forever.

[Deleted User]

1. This looks like a random hotch-potch of funds. And you want to change on a whim. You need a strategy. And to stick with it.

2. Any fund with less than 5% allocation is neither here nor there. The performance of those funds won’t move a needle one way or another. 

3. Why VLS 80? Someone as young as you should be 100% in equities. 

Read a few books, decide which strategy works for you and then implement. 

Thrugelmir

barnstar2077 said:

I personally would just use the VLS 80, but at the least I would remove the target retirement,

Target retirement funds are a useful way of rebalancing a portfolio without thought. I'm far from convinced that many of those who approach retirement with a high equity exposure are prepared for the potential pitfalls. That such an aggressive portfolio exposes them too. 

barnstar2077

Thrugelmir said:

barnstar2077 said:

I personally would just use the VLS 80, but at the least I would remove the target retirement,

Target retirement funds are a useful way of rebalancing a portfolio without thought. I'm far from convinced that many of those who approach retirement with a high equity exposure are prepared for the potential pitfalls. That such an aggressive portfolio exposes them too. 

I agree, but as the OP is 37, I don't think they have to worry just yet.