Thinking about Digital/Technolgy funds - Good idea?

Tokyo_8

Hi,

I hold a Stocks and Shares ISA with Hargreaves Lansdown.

I'm not lazy, but don't have much time (or knowledge) to manage the account and so a low/mid risk.
Over the years most of the stocks I have seem to have performed OK, but there are a couple that haven't

and I'm thinking of selling them and investing in digital/technology funds.

Be interested to get people's thoughts and possibly suggest funds to look at.

Thanks for any feedback - much appreciated.

dunstonh

Tech funds have a 90% loss potential.   Tech is currently in a crash scenario of around 30% down on peak.

I'm not lazy, but don't have much time (or knowledge) to manage the account and so a low/mid risk.

So, why do you think that putting the money in some of the highest conventional risk investments would be a good thing?   
a) the use of single industry funds is an unusual way to build a portfolio.
b) it takes more knowledge, understanding and more work as you need to rebalance 
c) how will this affect the risk of your portfolio overall as it will almost certainly drive it up the scale.

Tokyo_8

Thanks for the reply dunstonh.

I was thinking more towards the communications and entertainment side - but can appreciate it's more high risk.

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

I'm with Hargreaves Lansdown and know they charge big fees and I also got burnt with the Woodford fund.

But think I need to invest a little time with my HL portfolio.

All good and thanks again.

Thrugelmir

Tokyo_8 said:

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

Managing your own investments requires time to perform ones own due diligence. Better to leave someone else to manage the core of your portfolio while only risking what you can afford to lose with speculatve imvestment punts.

Tokyo_8

Thrugelmir said:

Tokyo_8 said:

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

Managing your own investments requires time to perform ones own due diligence. Better to leave someone else to manage the core of your portfolio while only risking what you can afford to lose with speculatve imvestment punts.

Is there anyone you would recommend to manage a portfolio, I currently have around 70k invested?

Thrugelmir

Tokyo_8 said:

Thrugelmir said:

Tokyo_8 said:

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

Managing your own investments requires time to perform ones own due diligence. Better to leave someone else to manage the core of your portfolio while only risking what you can afford to lose with speculatve imvestment punts.

Is there anyone you would recommend to manage a portfolio, I currently have around 70k invested?

Multi asset funds are commonly available from well known names at reasonable cost. As I now fully self manage , as I do commit the time. Wouldn't like to recommend any particular provider. 

Voyager2002

Tokyo_8 said:

Thrugelmir said:

Tokyo_8 said:

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

Managing your own investments requires time to perform ones own due diligence. Better to leave someone else to manage the core of your portfolio while only risking what you can afford to lose with speculatve imvestment punts.

Is there anyone you would recommend to manage a portfolio, I currently have around 70k invested?

The obvous answer is to put most of your investments into Vanguard (life strategy) so the rebalancing and management is done automatically. Fees are a lot lower than with HL as well. Then, if you want to play around and learn from your inevitable mistakes, keep a small amount to invest in individual companies. As an object lesson in what can happen, check out the thread on this board about investing in Biotech.

ColdIron

Tokyo_8 said:

As I mentioned I'm time and knowledge limited, but where do you think is a good place to look for a couple of new funds.

It would depend on what you already have and what you want the new funds to do for you that your existing ones do not

I'm with Hargreaves Lansdown and know they charge big fees and I also got burnt with the Woodford fund.

But think I need to invest a little time with my HL portfolio.

Do you mean you have built a portfolio based on their Wealth Shortlist funds?

Or have you used one of their ready made packages such as the Multi-manager or Portfolio+ funds? These are eye wateringly expensive and you could save 1% pa simply by moving away from them even while staying with HL

Tokyo_8

I want to start getting more educated and managing my account with HL.

Currently, my portfolio looks like this...

Fundsmith Equity

ASI Global Smaller Companies

Vanguard FTSE Developed World ex-UK Equity Index

Jupiter Asian Income

Vanguard LifeStrategy 60% Equity

BlackRock Gold & General

IFSL Marlborough Multi Cap Income

Troy Trojan

LF Equity Income

Some have performed well and some not so.

I'm not sure whether I need to hand responsibility over to someone else

or whether I can start to research and develop better choices.

I know I need to apply more regular effort to help develop my investments and thought this would be a good place to start.

Any advice on which way to turn and possibly where to start in terms of research and developing better-informed choices?

Thank you

Albermarle

I'm not sure whether I need to hand responsibility over to someone else

You can employ an IFA , but of course there will be a cost . As well as the investment portfolio, hey can also help you with your overall finances and tax issues. For example investing more in a pension rather than a S&S ISA is better for a lot of people due to tax relief.

Or as already suggested , you could just pick one low cost multi asset fund matched to your risk tolerance and just stay with that . You already have Vanguard Life strategy 60 , although they are not the only provider of these funds.

ColdIron

Tokyo_8 said:

Some have performed well and some not so.

Par for the course with investments

I'm not sure whether I need to hand responsibility over to someone else or whether I can start to research and develop better choices.

Although putting in the (ongoing) time an effort to research and construct a bespoke portfolio can pay dividends there are plenty of people who don't have the time or inclination to do so. You may find a single multi-asset fund (like your VLS 60) could suffice. It's designed to be a fire and forget product

One possible route could be to use that (or the VLS 80, most of your other funds are 100% equity except Troy Trojan) as your core and add selected satellites as your knowledge allows