Plumetting Investment

QrizB

AlanP_2 said:

Is this a DIY portfolio or is there an adviser in the background that set this up?
The reason I ask is that it seems a lot more complicated than most people would have for a 6 figure pot.

I agree, did the OP choose these funds or was this set up by a FA / IFA?

There seem to be a lot of funds, and quite a high weighting to bonds/cash.

KWEEKUM

Not a " ash in" but a conversion to cash and reinvested

KWEEKUM

Here you go...hope it's clearer

KWEEKUM

This was set up by a Financial Adviser via a very well respected company

dunstonh

KWEEKUM said:

This was set up by a Financial Adviser via a very well respected company

The number of funds is high but not worrying so (its only two funds more than a frequently recommended portfolio fund on this site).  It looks like a core and satellite approach and that method always has more funds.

The funds themselves are not a problem.   

Almost certainly, the loss was on the back of gilts but the current funds list won't identify that as the portfolio would have changed.   Your first post indicated a 27% loss but how much of that is down to withdrawals and how much down to 2022 being a negative year?

And it won't be losing £2,000 a day.  Investments dont work like that.  It will be zig-zagging.

What does your adviser say about the portfolio when you ask them?   (this is the whole point of having an adviser)

FIREDreamer

KWEEKUM said:

Here you go...hope it's clearer

Looks like a mish mash of random funds to me, over complicated just for the sake of it.

Is that the full list, because doing a quick mental calculation the value is under £190k?

NlghtOwl

If you don’t understand what investments and why you have them then I would question what your advisor is doing. I would personally be tempted to sell the whole lot and buy max 3 or 4 equity etf’s to start again. There’s lots of fees in some of those funds, although not the main reason for making changes.

dunstonh

If you don’t understand what investments and why you have them then I would question what your advisor is doing. I would personally be tempted to sell the whole lot and buy max 3 or 4 equity etf’s to start again. 

So, you have someone concerned about a 27% loss (could be less if there are or have been withdrawals) and your answer is to recommend they go 100% into 3 or 4 ETFs that increase that loss potential to around 50% and has no FSCS protection.   Do you really think that is a good idea?

FIREDreamer

dunstonh said:

If you don’t understand what investments and why you have them then I would question what your advisor is doing. I would personally be tempted to sell the whole lot and buy max 3 or 4 equity etf’s to start again. 

So, you have someone concerned about a 27% loss (could be less if there are or have been withdrawals) and your answer is to recommend they go 100% into 3 or 4 ETFs that increase that loss potential to around 50% and has no FSCS protection.   Do you really think that is a good idea?

FSCS shouldn’t be an issue with mainstream ETFs like VWRL from Vanguard, HMWO from HSBC etc.

VWRL 75% Global Equity (Vanguard)
GLTL   25% UK Gilts (iShares)

A nice and simple 75% / 25% portfolio.

This would be an improvement on the excessive, ill thought and random collection of funds he has got which may as well have been selected by a chimpanzee throwing multiple darts at a copy of the FT funds page.

older_and_no_wiser

Wow - that's enough funds and complexity to make anyone cry! 

Personally, I prefer a single multi-asset fund approach taking up 90% of the portfolio (you pick a version holding your preferred ratio of equity and bonds) and a couple of "play" satellite funds maybe in small caps and/or emerging markets depending on how you think the future will pan out.