TUK020 wrote:This strongly influenced my thinking and purchases over the next few months, and I wonder, Gengulplus, if you have any plans to do a repeat of this any time soon?
I do intend to repeat the exercise - indeed, December 2015 was the third time I'd done it, the previous two having been in November 2013 and November 2014, and there was a previous fairly similar thing I did in August 2011 - see
https://web.archive.org/web/20161114200613/http://boards.fool.co.uk/quotlump-sum-all-at-oncequot-hyp-constructio-12338601.aspx?sort=whole.
And I did intend to repeat it November/December last year - but TMF's board closure disrupted that completely. Not just the fact that TLF took some time to be set up and get the posting facilities needed (decent tables and polls chief among them) and the need to learn how to use the table facilities well and adapt my spreadsheets to use them, but also the fact that I wanted to track down and archive as much of the past work about my demo portfolios and some other stuff as possible.
And there have been many other things I've needed to get done and that have had to take priority over producing UHYP16... Furthermore, producing a UHYPnn is quite a large burst of concentrated work and it all needs to be done over a fairly short period of time to ensure that the data it's based on are still reasonably up-to-date at the end of the process. So it's not just a matter of finding enough time, but the right kind of time - lots of time over a short period and I've got to be reasonably fresh for it - otherwise I just fall asleep!
Anyway, just at the moment I've got my CGT planning and another tax matter to complete before the end of the tax year, two other personal matters demanding my time fairly urgently and GDHYP is due for another 'full procedure' purchase in the next week or two. So realistically constructing UHYP16 is not going to happen any time soon - sorry!
On the actual subject of this thread, what I'm planning to do with the upcoming 2017/2018 ISA allowance is basically some CGT planning to mitigate the effects of some huge capital gains I've realised this tax year (in the non-HYP part of my investments). It involves some full-sale tinkering of holdings that I was very close to tinkering anyway - the CGT savings tip the balance on deciding to actually tinker them - plus some bed-and-ISA/SIPPing using cash already in my ISAs and SIPP from dividends, etc, plus some bed-and-delayed-ISAing, selling this tax year for the CGT effects but subscribing to the ISA and repurchasing next tax year because that's my first chance to subscribe (I subscribed the 2016/2017 ISA allowance almost a year ago). That last does involve risking a day or two of market movements, which is less than ideal compared with the few minutes that an immediate bed-and-ISA risks, but much better than the 31 days required to do it without an ISA...
Full details of exactly what I'm doing are highly specific to me and my investments, so are unlikely to be relevant to anyone else, and in any case, they would take too long to write down for it to be worthwhile even if there are a few to whom they're relevant. But in broad outline, it involved identifying the most cost-effective candidates for capital-loss-realising sales, which generally involves having a high percentage loss and low bid/offer spread. Tesco was the best of my HYP shares for that - I had about a 50% loss on it, and like most HYP shares it's a large-cap with a decently small bid/offer spread - and I identified a couple of extra candidates among my HYP shares and a couple mong my non-HYP shares
Then I looked at how badly I wanted to keep them on investment grounds: ones that were borderline for being kept at all were tipped over the edge into being tinkered away completely, ones that I thought I wanted to keep became bed-and-ISA candidates (Tesco was a "tinker away completely" case, not helped by the fact that the Supermarkets sector (in my sector classification) was mildly overweight in my HYP). And then it was a matter of working out details of actual sales, amounts of cash, etc, followed by actually doing the sales, and the buys in the case of immediate bed-and-ISA candidates.
The issue that I'm left with is that the sales proceeds outside the ISA are quite a lot more than are needed to fund the ISA subscription - so my problem is what to buy with them outside the ISA, not inside! It will probably end up being some top-ups within the HYP (I haven't seen any new HYP shares I want in a quick look around the market), and a combination of a new share or two outside the HYP (I've found one so far) with keeping some powder dry in case I find more.
Gengulphus
