Feedback & comments on Portfolio requested

nick5990

I'm looking for feedback on my portfolio below, including my plans and reasoning please.

I'm 36 years old, in UK and basic rate tax payer. 
I believe I'm significantly under the Personal Savings allowance currently.
My investing strategy is a mix of contrarian buys and for a mixture of growth and income.
90% of my portfolio is in the stockmarket, which I realise is a risky strategy. At the time (>= 2019) I did it for long term growth & now mixing in income. Is 90% too risky?  
I do not have any property of my own at this time. If I did get one in future its much more likely to be buying abroad than in UK - plan for L/T to be used towards that if possible.

I'm planning to invest for 10+ years via regular saving of >= £100 / month in the HL Fund and Share account (random stock allocation into existing per month depending how I'm feeling). 

Plan to invest £330 / month into the HL L/T isa from Apr'23 and between £75 to £100 / month into ticker GGP over next 4 months (when circa full allowance for this fin year used.

For the SIPP I'm investing what spare I have each month which varies from £0 to £200.

Re Fund and share - I only plan to sell holdings if either a) need the money, b) significant long term deterioration in company future e.g. profitability.
This month will be £400 as a one off, and subsequent months plan to invest £100 / month buying Lloyds Banking Group due to likely higher interest rates in next few months.

Re Lifetime ISA - plan to be used for retirement pot at 60+ rather than deposit for property.

Re HL account analysis - this doesn't show investment trusts. Eg Greencoat, Bluefield Solar, Impax Enviro Markets, hence significantly overreported in some areas for % weightings/

Would be interested in peoples views given the global instability at present (realise potentially shorter / medium term of 1 to 3 years) of which is better in the next a) 1 to 5 years, b) 5 to 10 years, and c) whether any strategy should be adjusted. 

Wombat Standard GIA (charges £1 / month + 0.10% bal charge):

Value: £831.66.
20% in "Pure gold", 15% in "Balanced", 15% in "Adventurer", 7% in Ocado, 6% in "The Green Machine", 5% in "The money maker".  Rest mix of funds (mainly iShares tracker variants) and UK & US shares.

Wombat Instant (FX charges only):

Value: £89.86. 
Holdings: 1.4690 shares of KO valued at £72.21, 0.1673 shares of ILMN valued at £31.24.

HL Accounts - regional allocation:



HL Accounts - top holdings:



HL Accounts - where invested:



HL Fund & Share (charges 1% min £1.50 / month per reg saving transaction, 0% bal charge):



AJ Bell Dealing AC (plan to hold Anglo A. for 10+ years & drip feed via pound cost averaging on & off when spare money):

There is circa £120 in cash not shown which is planned to buy more Anglo in next few days.
I'm buying this to aid diversification rather than just GGP and other non-mining stocks & funds.



Lifetime ISA (charges min £1.50 / month per reg saving transaction + 0.45% bal charge):



HL SIPP (plan to hold every holding for 15+ years):



AJ Bell SIPP (plan to hold every holding for 15+ years):

El_Torro

Your portfolio is certainly pretty unorthodox compared to many of the posters on this forum, myself included. Whether that’s a bad thing or not only time will tell. 

Some of your investments look pretty scary to me. Then again if Baillie Gifford China completely tanks (for example)  and never recovers will that significantly affect the overall portfolio? Considering the large number of investments and amounts in each one. 

If someone handed me that portfolio i’d probably sell most of it and invest in one or more multi asset funds. Would be interesting to see how the two portfolios compare over the next decade or so. 10% of my pension is currently made up of abrdn Global Smaller Companies so we have that in common at least. I wouldn’t claim to know much about many of the things you are invested in though.

Have you analysed your portfolio in terms of geographical allocation? My untrained eye thinks you’re quite underweight in the US. That may be intentional, then again there’s a reason why the value of the US stock market is bigger than the rest of the world combined. 

MK62

Too many accounts for me.......if you are doing that to protect against platform failure then one acct on each platform would accomplish that....
Personally I don't use GI accounts......at your level of annual investment, I see no need for any......for investments I'd use a Lifetime ISA, a S&S ISA and a SIPP. I'd only use a GIA if there was a specific reason to.
As for the investments themselves, while I can't comment on each one individually (I have no crystal ball either, and I certainly haven't researched the vast majority of your holdings), it appears, on the face of it, to be a scattergun approach with no discernible strategy (at least that I can see) - ultimately there's no way to know if such an approach will yield better returns than a more "conventional" one, but the odds of that are generally not in your favour.

IvanOpinion

Far too complex and lots of overlap

masonic

Don't take this the wrong way, but the portfolio has the appearance of being picked by following fads and trends over the years. It might be time to tear it up and start again with some clear thought about what asset allocation you want to achieve, and pick a small number of investments that complement one another.

jimjames

I won't comment on the portfolio but why are you using the HL Share account and not an ISA? It makes no sense to not have that protected from tax when you're not using the allowance elsewhere. You've not given your age but is the 10 years to retirement? If not, what's the significance of that date?

dunstonh

Don't take this the wrong way, but the portfolio has the appearance of being picked by following fads and trends over the years.

That was my first thought.   There appears to be no structure and process with it and the equity funds are much higher risk ones on the whole.   The list could almost read as a list of funds that have appeared in a newspaper promotion advert article at some point. 

redpete

Why hold more than one SIPP?

Why put money into a LISA for a pension pot instead of putting it into a SIPP? (SIPP much more tax efficient when you pay in new money.)

Why use a GIA instead of putting the holdings into an ISA? (I have small amounts in GIAs to benefit from generous cashbacks.)

Do your 6 'green' investments give you significantly more coverage that one or two funds couldn't?  (I have small amounts invested in individual opportunities through Abundance and Triodos, but that's more a hobby than a significant part of my investment strategy).

Impossible at a glance to work out the proportions in different markets and categories, and would need to understand your underlying strategy and attitude to risk to comment on whether the result  is suitable.

Way more individual investments than I would consider for a relatively small total investment pot.

bostonerimus

Your portfolio is far too complex which is a very common mistake. It also looks like you have tried to hit every type of account possible. Too many holdings and I don't see any plan on how you intend to manage it through bull and bear markets. Keep things simple! You can have a perfectly adequate portfolio using just 4 or 5 inexpensive tracker funds. You might want to add a few active funds for "spice", but the utility of that is debatable, or you could just buy a single multi-asset fund. 

noclaf

Similar to other feedback, that's a lot of complexity and potential overlap...not to mention higher average fund fees. I have a headache just thinking about ongoing review and maintenance, rebalancing etc.

Here is my current setup, there is no right or wrong way and this isn't advice to mirror this approach just FYI:
SIPP - Single Dev world Global Equities ETF

LISA - Single Dev world Global Equities ETF

S&SISA - Single Global All CAP equities fund

Work pension - WIP as still setting up ...plan to use 2 global equities funds supported by a UK smaller companies and Commodities fund as satellites 

bostonerimus

noclaf said:

Similar to other feedback, that's a lot of complexity and potential overlap...not to mention higher average fund fees. I have a headache just thinking about ongoing review and maintenance, rebalancing etc.

Here is my current setup, there is no right or wrong way and this isn't advice to mirror this approach just FYI:
SIPP - Single Dev world Global Equities ETF

LISA - Single Dev world Global Equities ETF

S&SISA - Single Global All CAP equities fund

Work pension - WIP as still setting up ...plan to use 2 global equities funds supported by a UK smaller companies and Commodities fund as satellites 

Just to echo these sentiments for a simple portfolio. Mine is basically 3 funds with some cash. I’m in the USA and have a US equity tracker, an international equity tracker and some in a managed, bond heavy, multi asset fund.