Stockmarket Portfolio rebalancing?

nick5990

I currently have a few thousand pounds in the stockmarket, 34 years old. Looking to rebalance my portfolio for growth slant (more than income). I'm considering at least 85% equities vs rest in cash / gilts / corporate bonds.

I've provided a breakdown in % of my holdings across all stockmarket accounts (S&S ISA, L/T ISA, Shares only, and SIPPs). Seeking advice on rebalancing:

a) S&S ISA, L/T ISA, Shares only
b) SIPPs only.

I have differentiatied a) and b) due to non-pensions / pensions type.

a)
3 accounts - S&S ISA, L/T ISA, Shares only (50% of total portfolio) - top holdings displayed only:

	Stock name	% Weight	Sector

1	COCA-COLA CO	10.4%	[N/A]
2	Greencoat UK Wind Plc Greencoat UK Wind Ord GBP0.01	9.6%	[N/A]
3	Hargreaves Lansdown Select Global Growth Class A	7.2%	Global
4	JPMorgan Emerging Markets Class B	6.4%	Global Emerging Markets
5	Baillie Gifford Positive Change Class B	5.7%	Global
6	Baillie Gifford Long Term Global Growth Investment Class B	5.5%	Global
7	Invesco Markets Plc Invesco EQQQ Nasdaq-100 UCITS ETF (Dist.)	5.4%	North America
8	GREATLAND GOLD	5.3%	[N/A]
9	UNILEVER	4.6%	[N/A]
10	Baillie Gifford China Class B	4.0%	China/Greater China
11	Baillie Gifford American Class B	3.9%	North America
12	Legal & General US Index Trust C	3.7%	North America
13	Morgan Stanley Funds (UK) Sterling Corporate Bond Class F	2.8%	£ Corporate Bond
14	AXA World Funds (SICAVs) Framlington UK Class L	2.7%	UK All Companies
15	Baillie Gifford & Co Scottish Mortgage Investment Trust Plc Ord GBP0.05	2.4%	[N/A]
16	FSSA IM Greater China Growth Class B	2.3%	China/Greater China
17	Fundsmith Equity Class I	2.1%	Global
18	Lindsell Train Global Equity Class D - Distributing	2.1%	Global
19	Aberdeen Standard OEIC ASI Global Smaller Companies Class S	1.8%	Global
20	BARCLAYS	1.8%	[N/A]

b)
1 SIPP account (25% of total portfolio) - top holdings displayed only:

	Stock name	% Weight	Sector
1	Baillie Gifford & Co Scottish Mortgage Investment Trust Plc Ord GBP0.05	18.8%	[N/A]
2	UNILEVER	10.8%	[N/A]
3	JPMorgan Emerging Markets Class B	9.6%	Global Emerging Markets
4	Hargreaves Lansdown Select Global Growth Class A	8.5%	Global
5	Baillie Gifford China Class B	6.6%	China/Greater China
6	Baillie Gifford Global Discovery Fund Class B	5.8%	Global
7	GREATLAND GOLD	4.7%	[N/A]
8	Baillie Gifford Long Term Global Growth Investment Class B	3.9%	Global
9	Baillie Gifford American Class B	3.9%	North America
10	Marlborough UK Micro-Cap Growth Class P	3.8%	UK Smaller Companies
11	Morgan Stanley Funds (UK) Sterling Corporate Bond Class F	3.5%	£ Corporate Bond
12	Aberdeen Standard OEIC ASI Global Smaller Companies Class S	3.0%	Global
13	Baillie Gifford Pacific Class B	3.0%	Asia Pacific Excluding Japan
14	Baillie Gifford Positive Change Class B	2.7%	Global
15	Legal & General US Index Trust C	2.6%	North America
16	Jupiter Ecology Class I	2.1%	Global
17	Lindsell Train Global Equity Class D - Distributing	1.5%	Global
18	FSSA IM Asia Focus Class B	1.4%	Asia Pacific Excluding Japan
19	FSSA IM Greater China Growth Class B	1.3%	China/Greater China
20	FSSA IM Japan Focus Class B	1.3%	Japan

Alexland

You have got all that stuff going on for just a few thousand pounds?

Rebalancing is just making the trades required to get back to your target asset allocation so if you have one it should be clear what you need to do.

I wouldn't bother with non equities at that valuation as what value are you really trying to protect and even adverse market movements should hopefully be quickly dwarfed by new contributions.

ColdIron

Look like a dogs dinner tbh. For only 'a few thousand pounds' I'd sell the lot and exchange it for a single multi-asset fund. Some of your holdings must be struggling to break three figures

Edit: Just noticed - top holdings displayed only

nick5990

Ok lets say total portfolio a) + b) is between £10k and £40k for clarity. I'ld rather not give a more exact figure

MX5huggy

Sell the lot, buy a cheap All World Tracker, live your life. 

Thrugelmir

nick5990 said:

Ok lets say total portfolio a) + b) is between £10k and £40k for clarity. I'ld rather not give a more exact figure

Consolidate them into a more focused portfolio. £10k one investment will suffice. £40k a core investment plus two satellites. 

bostonerimus

Do yourself a favour and sell everything. Then buy just a few funds that will give you your desired allocation.

george4064

bostonerimus said:

Do yourself a favour and sell everything. Then buy just a few funds that will give you your desired allocation.

Depending on how much ‘a few thousand’ actually is here, arguably if it literally is less than £25k-£50k a few funds is still too many and OP should re-invest into a one fund portfolio.

eastmidsaver

it does seem like a lot of funds. 
i don't think there is any rules based on amounts as everybody has different preferences.
but as you seem to enjoy picking stocks, maybe pick 2 to 4 funds as your core,  and then a few satellites. 
that is how i like to operate anyway.

nick5990

Thanks everyone for the suggestions. I would like to split my a) and b) portfolios in the following way - 30% Global growth, 20% US growth / income, 15% UK growth / income, 15% China / Emerging markets growth, 10%  Asia / Japan growth, and remaining 10% UK Corporate Bonds. I'll be going for a mixture of active and passive funds / trackers. These splits are chosen to give some diversification. I'll be having a think on this further

nick5990

Question on 'satellites' - are these higher risk funds / shares / or both? Some examples would be good for illustration