JohnnyCyclops wrote:One challenge around the "top-up vs buy fresh" line is that for a mature HYP, i.e. one where its owner considers their HYP to have a sufficient number of stocks in a reasonable mix of sectors, is the risk of proliferation in eschewing a borderline or suboptimal top-up and instead adding an additional holding of a new stock but still in the same sector.
Spot on. That is exactly my position. Which is why Centrica is being seriously considered for topping-up.
I can't do anything until the coming tax year, but then I want to sell sufficient non-ISA shares to enable me to take advantage of next year's ISA allowance.
I could just move shares, and I shall do some of that, but it makes sense to do a bit of rebalancing out of overweight holdings as well, which liberates some money for top-ups or new purchases. I don't really need any more HYP holdings (30 is enough) or sectors which is why Centrica comes into the frame. Some financials are a good alternative, but that would take me over my 20% super-sector limit. A balancing act. As usual.