Simplifying a portfolio

LHW99

Have you tried looking at the overlap between your funds. I wonder if with Global trackers, S&P500 and a Global tech tracker you would find you have a lot of overlap, particularly in Microsoft, Alphabet etc.

fizio

I will try and address some o the points raised 
1. No I am not looking to be the riches man in the graveyard and will look to spend money at some point eg get a second home in the sum for winters maybe - as well as give away to relatives. Hence happy to take a risk to maximise the growth and no big loss if it shrinks
2. Given typical life expectancy I have to plan for 30 years or so hence having funds available in the future as health deterioates would be wise - I am expecting technology to help the aged will become crucial as AI/robotics advances - though likely an expensive option so 3. While I may not need the money now, I may well need it in the next 30 years
3. I don't really need fancy holidays or expensive cars as have done both through my working career - now its a bit of golf and cycling as well as more local holidays
4. I have thought about simplyfing to 1/2/3 trackers so thats a viable option
5. Yes there is huge overlap between WW/S&P/Global tech so will likely  lose the global tech piece
6. I check my portfolio twice a year and don't really get concerned if it's up or down - obviously trending up 5-10% is ideal.

Appreciate all the comments and will follow up on some of the suggestions

fizio

Just to end this thread that after doing some more investigation through websites and YouTube (pensioncraft was very good), I have decided to take the 1 global tracker approach for 90% of my portfolio and keep 10% for tech only investments. 

Bostonerimus1

fizio said:

Just to end this thread that after doing some more investigation through websites and YouTube (pensioncraft was very good), I have decided to take the 1 global tracker approach for 90% of my portfolio and keep 10% for tech only investments. 

Looks like a plan. I've been doing something similar with just over 80% of my portfolio in US and International equity trackers for the last 10 years. There have been some downs, but because I don't use them for income I've been able to leave them alone and they have more than made up for any short term losses. The average annual return over the last decade is just over 9% so things are working out well and I have very little stress about investment decisions.

BoxerfanUK

fizio said:

Just to end this thread that after doing some more investigation through websites and YouTube (pensioncraft was very good), I have decided to take the 1 global tracker approach for 90% of my portfolio and keep 10% for tech only investments. 

Out of interest, any particular global fund you are looking at?

Bostonerimus1

BoxerfanUK said:

fizio said:

Just to end this thread that after doing some more investigation through websites and YouTube (pensioncraft was very good), I have decided to take the 1 global tracker approach for 90% of my portfolio and keep 10% for tech only investments. 

Out of interest, any particular global fund you are looking at?

A point to take away from the thread is that it doesn't really matter which global tracker fund you choose. 

fizio

BoxerfanUK said:

Out of interest, any particular global fund you are looking at?

I am looking at 3 different ones as my funds across ISA/SIPP/etc are with different providers so its mainly
- vanguard developed world  (the fees for 'all world' are very high - especially given the rest is 4-5%)
- hsbc global tracker
- l&g global tracker

As others have said, there is very little difference - other than 'developed world' out performing 'all world' in most cases in the last decade.