Portfolio Critique Help

flopsy1973

Hi
I posted my portfolio on here a while back and general consensus was to get rid off it and start again. Had some time to look and research and wanted views from you experienced people of new PF.
Some background information about me late 40's living with fiancee, renting my property out which pays a small income only 6k left on mortgage. No debts and hoping to retire sooner rather than later so investing timespan of about 10-15 years
I have company pension pot of around 110K . Have last 20 years built up ISA and GIA with HL of about 300K which is still with them in various funds. Also have 250K in cash accounts Premium bonds etc that may be used for house purchase one day though investing it seems more logical ??????
Have opened account with iweb and wanting to transfer out of HL but unsure of best way to do it regarding keeping ISA status etc ???

NEW PF with planned amounts

HSBC Global strategy Dynamic C Acc 100K
Vanguard All cap Equity index 50K
CG absolute return or its IT equivalent 50K (currently hold Troy Trojan but have not been impressed with performance over the years)
Rathbone global opportunities 50K
T Rowe Price global focus 20K

I currently have Merian UK smll comp and ASI uk smll comp and they have served me well over the years but considering other options Marlborough micro cap ? thoughts on this ?
Also would like some emerging market active choices versus passives in this area? currently have ASI emerging markets but looking at JPM emerging market or other suggestions

Please give me general thoughts on above improvements, things I'm missing for diversified PF
Many thanks in advance

Moe_The_Bartender

Picking up your comment about switching Troy Trojan to CG Absolute Return, the performances of the two are not all that much different so why do it? I'm not even sure that either of them are right for someone in their 40s. To give context, I’m 72 and hold both CGT and PNL in equal proportions in my SIPP and they account for around 50% of my pot. They complement each other well as wealth preserving trusts. You should really be 100% equities at your age, IMHO.

masonic

I don't see the value in adding the all cap index to the multi-asset fund. A dedicated small cap fund would give you more control over your asset allocation. The large companies within the all cap fund will overlap with HSBC GS. £250k is a lot to have in cash. Is it likely you will purchase another house in the coming years? Would the timing of this be important? If yes to either question then perhaps it should stay as cash.

On the subject of transferring your ISA, iWeb currently seems to be completely snowed under with transfers and is taking many months to process the ones it already has. If you want to push the button anyway, I'd make sure you have your portfolio sorted out and in a state where you won't need to make any adjustments for the foreseeable future. That way you can ride out any delays.

flopsy1973

yes was thinking it would overlap a bit but does that matter so much as thet would not be fully tracking each other and have some difference?
Yes the cash is a concern and i would rather have it invested in case we dont buy a house
as regard to to iweb yes id read on here that people were having problems with transfers so is it better to transfer them on HL now to the funds i want and then do the switch or switch the funds over as they are to iweb and do the changes there

cattie

You have to apply to the new provider to transfer an isa, not ask your existing provider to do it.

If I were you I'd do the switching now whilst with HL as iweb will charge you £5 for each fund sale, then another £5 for any new fund buy. Also, it will mean once you've switched to iweb, it won't matter to you how long transferring the isa will take iweb, as you'll already be holding the new funds you have chosen & not have to worry about being out of the market & losing out on any gains if the transfer drags on a bit.

pip895

I agree with "cattie" swap now but double check that the exact fund class you move to is available on iWeb.

masonic

flopsy1973 said:

yes was thinking it would overlap a bit but does that matter so much as thet would not be fully tracking each other and have some difference?

It just makes things unnecessarily complicated as you can't make a simple change without pulling out a calculator and balancing assets across multiple funds.

flopsy1973

what about the funds would you do any changes ? what about the choices regarding small caps and emerging ? have I got a diversified PF or am i missing something

bostonerimus

You have a lot of overlap between your funds. 

flopsy1973

I knew there was some, where should i cut back on then areas or areas I am missing 

flopsy1973

any further comments on this I would appreciate feedback from some of the more experienced regular posters on here