Basket of ITs

InvesterJones

aroominyork said:

If this basket of ITs represents 15% of your invested money and is just a bit of racy fun, yet you are adding to each IT each month, what kind of microscopic attention do you give to your serious investments? 
Also, there is no mathematical logic in thinking that adding equal amounts to each IT each month will smooth out returns. That's not how rebalancing works.

I agree with the sentiment, however there is a slight rebalancing effect if you pay the same absolute amounts in - for poor performing trusts you'll buy more units for the amount, and relatively fewer of the well performing ones.

jaybeetoo

Is it worth have less than 5% in any one IT?  Personally I think you have too many ITs.

hallmark

aroominyork said:

If this basket of ITs represents 15% of your invested money and is just a bit of racy fun, yet you are adding to each IT each month, what kind of microscopic attention do you give to your serious investments? 
Also, there is no mathematical logic in thinking that adding equal amounts to each IT each month will smooth out returns. That's not how rebalancing works.

Over the last say 3-4 years while I worked out what I wanted to invest in probably far too much..

But moving forward, potentially not very much at all.  For the ITs, once the regular investments are setup there shouldn't be anything to do most of the time. It's intended to be a kind of set & forget IT HYP except unlike Doris I'd be reinvesting the dividends not withdrawing them (at least for awhile).

Altior

When I did my deep dive into ITs, I couldn't really identify any benefit in going for CTY over just tracking its benchmark. The benchmark carries less risk as its more diversified. Unless you're relying on consistency of income. Which wouldn't seem to be the case for this portfolio. Of course, it has pedigree going for it. However, it's on my list in a fire sale (depending upon where the market places it). 

GazzaBloom

Way too many holdings for my liking. I like to keep things simple so if it were me looking to add something racy to compliment a main meat & potatoes portfolio I would add the Legal & general Global Technology Index Trust for a long term buy and hold.

If I wanted real spice I would season with ARKQ (ARK Autonomous Technology & Robotics ETF)...!!

But I like Tech and can't see it ever being anything other than a growth sector with some choppy volatility along the way.

InvesterJones

GazzaBloom said:

Way too many holdings for my liking. I like to keep things simple so if it were me looking to add something racy to compliment a main meat & potatoes portfolio I would add the Legal & general Global Technology Index Trust for a long term buy and hold.

If I wanted real spice I would season with ARKQ (ARK Autonomous Technology & Robotics ETF)...!!

But I like Tech and can't see it ever being anything other than a growth sector with some choppy volatility along the way.

I like the L&G Global Tech, it is a Unit Trust however, not an IT. SMT is probably the closest to a tech IT on the list.