All Star Manager Portfolio

munk

A while back wombat42 compared the bl uk absolute alpha fund to a bank account and in recent times it really has been that way, just a very smooth upward curve all the way through the market turmoils. Volatility has been very low on it at the same time, similar to a low risk quality bond fund but with better returns. One of my fav funds recently for balancing out more volatile portfolios or as a staple in a cautious portfolio.

chris1

FATHEROFTWO wrote: »

Also I tried the Bestinvest portfolio and got about half way through and it crashed.
I will try again later but it gave me a comparison to the Ftse allshare risk rating .

Have you managed to make this work yet?

munk

I think you need to be a web developer at Bestinvest to make their portfolio planner work

Such a great tool, shame it doesn't work most of the time.

FATHEROFTWO_2

I tried 3 times each time it crashed.

Has anyone any idea what the porfolio risk level is overall in comparison to the FTSE ALL SHARE INDEX ?

FATHEROFTWO_2

Ive still no idea what the risk scale is compared to the All share Index.

Has anyone any opinion on the risk comparison or method of my stock selection given my cautious balanced approach ?

However a simple question on investments.

If my portfolio is split between my wife and me .IE £25K EACH

Bearing in mind that my portfolio would have to increase by 9K I think before I pay tax (capital gains tax) would it be better to fill both our cash Isa first as it is unlikely that each 25K portfolio would increase to 34K in one year .

Any thoughts on the tax side of it ?

munk

It's hard to say exactly what the risk profile of your portfolio is given there are so many funds, the only way would be to use the Bestinvest tool or maybe do it in a spreadsheet DIY style by using the SD ratios taken from somewhere like morningstar, not totally straightforward but doable.

If your breakdown in #63 is correct I'd say you're looking at a moderate risk portfolio although that's only based very roughly on the mix of equities to bonds you have ~ 65% equities : 35% bonds.

As for the tax question, it would make sense to use both your ISA allowances, although if I were you I would be thinking of starting off with a fraction of what you think you want to invest (50% absolute max) and also erring on the side of caution by investing in the lower risk asset classes at least for the first year. After the first year if you still feel comfortable with the risk then add in a higher proportion of the riskier asset classes perhaps. Only what I'd do (based on my experience as a newbie investor this last 6 months and regretting going 'all in' from the start and overestimating my appetite for risk!).

I put some of my personal 'beginners experience' thoughts in another thread somewhere (#5 here), things I'd do differently if I were starting over again. Main thing though is what I said above, I'd only invest a fraction of the total to start with and in a portfolio whose risk was lower than the risk I thought I could handle and then 'suck it and see' for a while.

FATHEROFTWO_2

munk wrote: »

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As for the tax question, it would make sense to use both your ISA allowances,

I take it you mean use our joint CASH ISAs first and NOT a FUND ISA

munk

There's no such thing as a joint cash (any) ISA afaik. ISA allowances are per individual, each person over age 18 has an ISA allowance of £7000 per annum which can be split £3k cash / £4k s&s or £7k s&s only (of course rules change from April though, can have any £ mix of cash/s&s up to £7200). There is no such thing as a 'joint ISA allowance' - at least as far as I know (fairly sure about it though!).

meester

munk wrote: »

There's no such thing as a joint cash (any) ISA afaik. ISA allowances are per individual, each person over age 18 has an ISA allowance of £7000 per annum which can be split £3k cash / £4k s&s or £7k s&s only (of course rules change from April though, can have any £ mix of cash/s&s up to £7200). There is no such thing as a 'joint ISA allowance' - at least as far as I know (fairly sure about it though!).

Not ANY mix. £3600 max in cash, and whatever's left of the £7,200 in shares.

munk

Sorry yes, up to £3600 in cash but importantly if you only want £1000 in cash you can then have up to £6000 in s&s I believe?