#266053
Postby Bouleversee » November 21st, 2019, 4:44 pm
All I can say is that if I only had 20 holdings, I would be in a very bad way. I started an ISA with ii a few years ago and it has 19 holdings currently, including Marston's (down 18.96%), Centrica (down 73.74%, WPCT (down 70.78%), IRV (bizarrely still showing) down 100%. The only 3 showing a profit are SMT (up 18.60%), Next (up 4.47%) and RDSB (up 3.23%). I haven't sold anything or withdrawn any cash including dividends, such as they are, but there have been some profitable takeovers as well as losses and the proceeds reinvested and there is currently £708 cash. Overall, without the cash, the p/f is showing a loss of 28.45%. Fortunately, my main ISA holds a large no. of shares, some of them (rarely if ever mentioned on here) have been extremely profitable and dividends are totting up to quite a large amount. I think one would have to be very confident in one's ability to research and evaluate companies to restrict oneself to 20 shares and then there is Lady Luck to consider. You never know what is going to jump out of the woodwork, even if you buy ITs or funds. I was quite prepared to wait for growth but never expected someone with Woodford's reputation to lose me so much of my investment. The Invesco fund I inherited is also losing quite a bit. Maybe I'll just stick with my own quasi investment trust which ought to be more than enough to see me out as I haven't yet needed to touch my ISA income.