What's your portfolio?

Cus

InvesterJones said:

Cus said:

If you are DIY then it makes sense to play safe and go with the index. To have any chance of beating that you need to be full time reviewing all funds, people movements etc etc, not easy.

And be better at it than the professionals doing the same

Are there many professionals who do this? I'm not talking about the fund managers, who have a remit or strategy to stick to. Its the wealth managers choosing the funds to invest in. I guess many of them don't earn their crust as they just use the default options DIY people do. 
If they have exited Woodford and fundsmith etc at the right times then that's a clue to how good they are.

Alexland

Cus said:

Are there many professionals who do this? I'm not talking about the fund managers, who have a remit or strategy to stick to. Its the wealth managers choosing the funds to invest in. I guess many of them don't earn their crust as they just use the default options DIY people do. 

Why would a wealth manager use a DIY option when they can have a lucrative relationship with a DFM?

Niv

Bit nervous sharing my car crash but here goes:

ISA 1
Fidelity Index World P	£3,753.09
Invesco Global Equity (UK) Z A	£3,721.67
L&G International Index Tst I	£3,585.89
M&G GblStnPrAlg I Acc GBP	£3,729.44
WS Canlife Global Equity C Acc	£3,749.62
Stewart Investors AP Sut B GBP	£3,323.26
Baillie Gifford Gbl Inc Gth B	£3,686.86
M&G GblFlRtHiY IH Acc GBP	£3,716.57
Stewart Investors AsPcLdrStn B	£3,293.95
ISA 2
VT AJ Bell Global Growth I Acc	£6,240.33
Pension
L&G PMC 2040 - 2045 Target Date Fund 3	£105,203.43
Individual shares
Pennon	£12,000
Cash	£16,000

ISA 1 is via a FA
ISA 2 is self picked - an attempt to be balanced
Pension is as set by L&G - bit worried about messing with it but feel its not optimal
Individual shares - waiting for an opportune moment to exit 

Currently I add to investments via pension and have recently increased this to 15% salary (+7% employer contribution).

I am mid 40's so have time to fix this! Just not the knowledge.

Hoenir

aroominyork said:

Hoenir said:

Alexland said:

Beddie said:

I use that fund too and heard about the team leaving. I'll have a look at their new offering when it surfaces and probably move funds to there. It's one of the reasons many people don't like active funds - you do need to keep an eye on them!

The problem is that there will always be an active fund that has done well over the short term as a 'best of the bunch' but that's not a reliable indicator of how it will will perform over the long term. The strategy could have just been well placed and riding a popular investment theme at the time. The more years you measure over the less chance an actively managed fund has a chance to outperform.

Baillie Gifford's team did likewise thanks to the genuis of James Anderson. He duly retired. BG became average. 

That's too fair to JA and unfair to his colleagues. It's only two years since he retired and SMT lost about 40% of its value during his last six months at the helm. 

Another Tesla will be akin to finding a needle in a haystack.  BG was backing Tesla as an early stage company. At the peak owned 8% of the Company. The fall in value of SMT in part reflected the fall in Tesla share price from the peak. Buying momentum ahead of entry into the S&P 500 soon faded once the index funds held the requisite amount of stock.  

gravel_2

There is so little difference in holdings/country exposure between most of those choices. Why not just an index fund with a lower fee? 

Is there logic behind it? They all seem to be oddly similar value, did you just pick something different every time you added money?

Cus

Alexland said:

Cus said:

Are there many professionals who do this? I'm not talking about the fund managers, who have a remit or strategy to stick to. Its the wealth managers choosing the funds to invest in. I guess many of them don't earn their crust as they just use the default options DIY people do. 

Why would a wealth manager use a DIY option when they can have a lucrative relationship with a DFM?

Exactly, they use a DFM as it's an easy out whilst still charging.  But that's not a wealth manager in my eyes, just an IFA with a different hat.

Alexland

Cus said:

Exactly, they use a DFM as it's an easy out whilst still charging.  But that's not a wealth manager in my eyes, just an IFA with a different hat.

It's someone putting their own interests above those of the client else they would be an IFA not a wealth manager.

aroominyork

Niv said:

Bit nervous sharing my car crash but here goes:

ISA 1
Fidelity Index World P	£3,753.09
Invesco Global Equity (UK) Z A	£3,721.67
L&G International Index Tst I	£3,585.89
M&G GblStnPrAlg I Acc GBP	£3,729.44
WS Canlife Global Equity C Acc	£3,749.62
Stewart Investors AP Sut B GBP	£3,323.26
Baillie Gifford Gbl Inc Gth B	£3,686.86
M&G GblFlRtHiY IH Acc GBP	£3,716.57
Stewart Investors AsPcLdrStn B	£3,293.95
ISA 2
VT AJ Bell Global Growth I Acc	£6,240.33
Pension
L&G PMC 2040 - 2045 Target Date Fund 3	£105,203.43
Individual shares
Pennon	£12,000
Cash	£16,000

ISA 1 is via a FA
ISA 2 is self picked - an attempt to be balanced
Pension is as set by L&G - bit worried about messing with it but feel its not optimal
Individual shares - waiting for an opportune moment to exit 

Currently I add to investments via pension and have recently increased this to 15% salary (+7% employer contribution).

I am mid 40's so have time to fix this! Just not the knowledge.

ISA 1 is via an FA? And given the breadth of non-tied investments presumably an IFA? I am lost for words. Splitting a pot of £33k into nine chunks. Truly lost for words.

Niv

aroominyork said:

Niv said:

Bit nervous sharing my car crash but here goes:

ISA 1
Fidelity Index World P	£3,753.09
Invesco Global Equity (UK) Z A	£3,721.67
L&G International Index Tst I	£3,585.89
M&G GblStnPrAlg I Acc GBP	£3,729.44
WS Canlife Global Equity C Acc	£3,749.62
Stewart Investors AP Sut B GBP	£3,323.26
Baillie Gifford Gbl Inc Gth B	£3,686.86
M&G GblFlRtHiY IH Acc GBP	£3,716.57
Stewart Investors AsPcLdrStn B	£3,293.95
ISA 2
VT AJ Bell Global Growth I Acc	£6,240.33
Pension
L&G PMC 2040 - 2045 Target Date Fund 3	£105,203.43
Individual shares
Pennon	£12,000
Cash	£16,000

ISA 1 is via a FA
ISA 2 is self picked - an attempt to be balanced
Pension is as set by L&G - bit worried about messing with it but feel its not optimal
Individual shares - waiting for an opportune moment to exit 

Currently I add to investments via pension and have recently increased this to 15% salary (+7% employer contribution).

I am mid 40's so have time to fix this! Just not the knowledge.

ISA 1 is via an FA? And given the breadth of non-tied investments presumably an IFA? I am lost for words. Splitting a pot of £33k into nine chunks. Truly lost for words.

I thought it a bit odd based on some of the feedback I saw on this website. I think I will close/move it into a new ISA (self managed) and get something like a vanguard lifestrategy 80% equity - does that sound like a reasonable idea?

It has done ok though (+£6k in four years) so I haven't thought much about it recently tbh.

aroominyork

Niv said:

aroominyork said:

Niv said:

Bit nervous sharing my car crash but here goes:

ISA 1
Fidelity Index World P	£3,753.09
Invesco Global Equity (UK) Z A	£3,721.67
L&G International Index Tst I	£3,585.89
M&G GblStnPrAlg I Acc GBP	£3,729.44
WS Canlife Global Equity C Acc	£3,749.62
Stewart Investors AP Sut B GBP	£3,323.26
Baillie Gifford Gbl Inc Gth B	£3,686.86
M&G GblFlRtHiY IH Acc GBP	£3,716.57
Stewart Investors AsPcLdrStn B	£3,293.95
ISA 2
VT AJ Bell Global Growth I Acc	£6,240.33
Pension
L&G PMC 2040 - 2045 Target Date Fund 3	£105,203.43
Individual shares
Pennon	£12,000
Cash	£16,000

ISA 1 is via a FA
ISA 2 is self picked - an attempt to be balanced
Pension is as set by L&G - bit worried about messing with it but feel its not optimal
Individual shares - waiting for an opportune moment to exit 

Currently I add to investments via pension and have recently increased this to 15% salary (+7% employer contribution).

I am mid 40's so have time to fix this! Just not the knowledge.

ISA 1 is via an FA? And given the breadth of non-tied investments presumably an IFA? I am lost for words. Splitting a pot of £33k into nine chunks. Truly lost for words.

I thought it a bit odd based on some of the feedback I saw on this website. I think I will close/move it into a new ISA (self managed) and get something like a vanguard lifestrategy 80% equity - does that sound like a reasonable idea?

Yes - perfectly good idea.