Search found 341 matches

by Hariseldon58
June 26th, 2019, 11:16 am
Forum: Passive Investing
Topic: Any suggestions for an ETF based portfolio (income & growth)?
Replies: 5
Views: 2087

Re: Any suggestions for an ETF based portfolio (income & growth)?

@genou

Any decision re overseas / UK exposure is overshadowed by the currency factor, it seems likely is either undervalued/over valued by a fair margin and the market ( nobody ?) really knows ! It's hard to make any rational change in currency allocation when we have so much uncertainty.
by Hariseldon58
June 18th, 2019, 10:52 pm
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 19
Views: 881

Re: Popularity of Unit Trusts?

I like IT’s but for a novice investor they must contend with additional volatility from the discount and the effect of gearing. An advisor has more work to do when explaining Investment Trusts and might feel the benefits are not sufficient to justify his efforts. Some Unit Trusts are low cost and so...
by Hariseldon58
June 13th, 2019, 5:56 pm
Forum: Retirement Investing (inc FIRE)
Topic: Books on Retirement Saving/Investing
Replies: 13
Views: 1502

Re: Books on Retirement Saving/Investing

Intelligent Asset Allocator by William Bernstein is very good, but even better is the more recent Rational Expectations from the same author.
by Hariseldon58
June 10th, 2019, 3:18 pm
Forum: Investment Trusts and Unit Trusts
Topic: Chelverton UK Dividend
Replies: 5
Views: 1487

Re: Chelverton UK Dividend

This Is a split capital trust, where the zero dividend preference shares have a priority claim in the assets of the trust. Nothing wrong with that but you need to fully understand the structure of the trust and where that leaves the share class you are looking at. The zero dividend shares are repaid...
by Hariseldon58
June 10th, 2019, 2:51 pm
Forum: Property Investment Discussions
Topic: Management company accounts
Replies: 5
Views: 763

Re: Management company accounts

Interesting thread, my sister and parents both live in leasehold flats. The one has an independent management company, this works reasonably well but you have a fairly high level of expenditure before the management company actually does anything ! The annual cost is around £2000pa it’s tolerable be...
by Hariseldon58
June 6th, 2019, 3:34 pm
Forum: Investment Trusts and Unit Trusts
Topic: New IT selection
Replies: 23
Views: 4649

Re: New IT selection

Perhaps the OP might consider some vanilla ETF index trackers ? Investment Trusts have a fair few wrinkles and complications that are unnecessary for what I gather is a slightly less experienced investor. The overall asset allocation is likely to be of greater importance than which particular invest...
by Hariseldon58
May 28th, 2019, 11:17 pm
Forum: Investment Strategies
Topic: How to increase defensiveness of IT portfolio
Replies: 52
Views: 4247

Re: How to increase defensiveness of IT portfolio

VGOV isn’t one i’m familiar with. ETFs aren’t generally my thing to be honest. I enjoy stock picking, but trust most of my money to IT managers. After having a quick look, VGOV looks like it has very low volatility, like IS15 VGOV is a collection of UK Government bonds with a fairly low yield to ma...
by Hariseldon58
May 27th, 2019, 5:55 pm
Forum: Retirement Investing (inc FIRE)
Topic: Considering SIPP
Replies: 30
Views: 2876

Re: Considering SIPP

Appreciate you are looking at Vanguard Life Strategy 60, this is an OEIC and depending on your chosen platform may be more expensive to hold (% platform fees ) than say an ETF tracker or Investment Trust. The saving up bit is much simpler to manage than the drawdown element, when you retire and a sp...
by Hariseldon58
May 24th, 2019, 7:21 pm
Forum: Passive Investing
Topic: All Hale Tim's portfolio
Replies: 3
Views: 2176

Re: All Hale Tim's portfolio

Tim Hale’s book is a good read and persuasive. The Monevator link you posted is from 6 years ago and is a little dated. Tim Hale brought out a second edition of his book and back pedalled on the commodities tilt. There are a lot more ETFs that allow you to focus on ‘tilts’, it’s worth noting that Va...
by Hariseldon58
May 23rd, 2019, 10:42 pm
Forum: Passive Investing
Topic: Any suggestions for an ETF based portfolio (income & growth)?
Replies: 5
Views: 2087

Re: Any suggestions for an ETF based portfolio (income & growth)?

With regard to income biased UK ETFs, IUKD has not performed terribly well. A couple of possibilities that you might look at are Lyxor UK Quality Low Volatility Dividend (DOSH) and BMO UK Income Leaders (ZILK) European Income ETFs there is Wisdom Tree European Equity Income (EEI) Whether these are a...
by Hariseldon58
May 18th, 2019, 11:05 pm
Forum: High Yield Shares & Strategies - general
Topic: Losing the faith - should I just sell and move to funds (Poor Performance / Renationalisation)
Replies: 152
Views: 6668

Re: Losing the faith - should I just sell and move to funds (Poor Performance / Renationalisation)

@tlf Regards NI contributions, perhaps if you started a small ( it can be very small..) self employed occupation, you can volunteer to pay NI contributions for this year at least for around £3 pw, a huge saving on normal voluntary contributions. The problem with an HYP or a basket of investment trus...
by Hariseldon58
May 18th, 2019, 2:47 pm
Forum: High Yield Shares & Strategies - general
Topic: Losing the faith - should I just sell and move to funds (Poor Performance / Renationalisation)
Replies: 152
Views: 6668

Re: Losing the faith - should I just sell and move to funds (Poor Performance / Renationalisation)

After 15 years you have given HYP a fair trial and it has not worked out for you. Income Investment trusts have a good record and a selection of half a dozen is a pretty sensible way of getting a pretty safe and gently rising income with no great stress or activity on your part. I like ETFs but IUKD...
by Hariseldon58
May 17th, 2019, 8:38 pm
Forum: Investment Trusts and Unit Trusts
Topic: Scottish Mortgage and the Eighth Wonder
Replies: 17
Views: 1805

Re: Scottish Mortgage and the Eighth Wonder

With respect to the starting value of £37,000 in 1983. I doubt that is equivalent to £4,000,000 in todays money in general terms, BofE inflation calculator suggests nearer £125k I was interested in Lootman's housing experience, impressive growth. I bought a house (jointly with a colleague) in Slough...
by Hariseldon58
May 17th, 2019, 8:16 pm
Forum: Portfolio Management & Review
Topic: Can I compare my HYP to CTY annual growth?
Replies: 7
Views: 652

Re: Can I compare my HYP to CTY annual growth?

A quick and dirty comparison suggests your performance is very similar to city of London over 7 years. I presume your figures are to April 1st , your unit value goes from .96 to 1.78 over 7 years , a compound rate of return of 9.2%. City of London had a share price total return of 73.7% from 31/3/20...
by Hariseldon58
May 16th, 2019, 8:15 pm
Forum: How Do I Invest
Topic: Make your own simple hands-off investment with limited funds available?
Replies: 17
Views: 1073

Re: Make your own simple hands-off investment with limited funds available?

I would suggest the important thing is doing something, the exact details are no where near as important as doing something ! Low costs are very important, with fund management/expenses but any platform costs and any avoidable tax issues. ( perhaps a post on the Ex Pat Investing Board) TJH's suggest...
by Hariseldon58
May 14th, 2019, 10:52 pm
Forum: High Yield Shares & Strategies - general
Topic: Whether HYP (as defined in the guidelines) works
Replies: 179
Views: 4832

Re: Whether HYP (as defined in the guidelines) works

The HYP strategy has a clear aim - to allow normal people with no investment background to pick up a very simple strategy that allows them, generally and over time, to see good income-returns with very little effort. Given the length of discussions in the practical board with the minutiae of HYP in...
by Hariseldon58
May 13th, 2019, 10:05 pm
Forum: Gilts and Bonds
Topic: Cost of hedging in Bond Fund or ETF
Replies: 10
Views: 517

Re: Cost of hedging in Bond Fund or ETF

Thank you for the detailed replies, my suspicions were that there was no free lunch is correct and I appreciate the explanation.
by Hariseldon58
May 12th, 2019, 10:03 am
Forum: Brokers and Share Dealing
Topic: "Source of wealth information" requested
Replies: 62
Views: 2555

Re: "Source of wealth information" requested

An interesting thread, many of my earlier electronic records were Quicken and Money, following a file corruption issue , this data would now be unobtainable. I have always kept a set of ledgers ( presently book 4 ) alongside these electronic records, in theory one could unravel my whole investment h...
by Hariseldon58
May 12th, 2019, 9:21 am
Forum: Gilts and Bonds
Topic: Cost of hedging in Bond Fund or ETF
Replies: 10
Views: 517

Re: Cost of hedging in Bond Fund or ETF

@tikunetih The increase in Bonds allocation is permanent. The logic of more cash/bonds is preservation / cash flow rather than all out growth. Portfolio return in excess of inflation that I targeted since 1990 was 4 % , I was fortunate to achieve 7% plus, looking forward the 4% target remains. Bonds...
by Hariseldon58
May 11th, 2019, 7:55 pm
Forum: How Do I Invest
Topic: LTI - Lindsell Train Investment Trust PLC - What's going on
Replies: 14
Views: 1340

Re: LTI - Lindsell Train Investment Trust PLC - What's going on

The problem is that the gain is circular, good performance, cult managers, sentiment goes wildly optimistic..... it only takes one stumble for the same circular relationship to become destructive. Play the mind game, turn the clock back 5 years ago, replace “Lindsell Train” with “Neil Woodford” back...

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