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IT Suggestions for beginning additional portfolio

Closed-end funds and OEICs
spiderbill
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Re: IT Suggestions for beginning additional portfolio

#125082

Postby spiderbill » March 15th, 2018, 11:52 am

Hi Gadge

Thanks for taking an interest.

Gadge wrote:Hope 2018 is going well so far for you.

My view is that when building your portfolio you may want to set overall objectives first e.g. growth. Then build some large core holdings, then add on smaller (5%?) holdings covering themes or areas of interest, making sure that all choices accord with the initial main objectives.

That is basically how GIP works with global diversified income as the overall objective.

Reading this thread, I am not really clear how you choose MYI over F&C or why either. Are you? Not to say that either are bad choices if they fit in with your defined strategy.

Gadge


The ITs and ETFs are breaking even capital-wise after the recent market correction. The HYP is a bit of a nightmare at the moment, having dropped rather further overall and having a number of shares that have tanked recently. Hope you're doing a bit better!

My thoughts have developed somewhat since starting the thread in October, when I was just feeling my way into ITs as a supplementary investment area to the individual shares. Even then I was having doubts about the capital side of the HYP as I was conscious that we've had a rising market but I was showing too many losses on what were supposed to be solid HYP shares. While the income side of things was developing well enough it was only the gains on my long-time and somewhat over-quota Sun Life Canada shares that were stopping the whole porfolio frm slipping into the red. I'm also very concerned about the prospects for UK businesses given the catastrophic political handling of Brexit, and while I know that many HYP companies are a bit more international I still want to diversify away from the UK overall.

I have also begun to feel that my balance of income and growth investments has become too biased towards income (about 90-10) and I want to try to move new investments towards a more balanced position with some mixed and some more growth oriented ITs.

My first choices of ITs and ETFs were mostly to "get some skin in the game". Give me a reason to keep close watch on how they develop, to watch the trends and compare them to individual shares and markets in general. They were "safe" choices around which I could build a better understanding.

I'm still learning and a very long way from being knowledgable but I'm getting towards a plan - helped by comments received on a more recent thread at https://www.lemonfool.co.uk/viewtopic.php?f=54&t=10508 where I asked for comments on some ITs I'd been looking at and got some other suggestions for possible choices.

I recently bought some Foreign & Colonial Investment Trust (FRCL) but am waiting for the results of a consultation on my pension arrangements before committing too much more. I'll also be doing some Bed & ISA rearrangements on some of my unsheltered shares once the new tax year starts to make sure I don't exceed the dividend allowance, and once that's underway I'll have a better idea where to deploy some of my current cash.

I may say that at least one responder has mentioned your own portfolio writings and I intend to go back and re-read those next week when I'm on holiday to remind myself of some of your ideas and see if they are pertinent to my situation. So thanks again for those.

cheers
Spiderbill

floyd3592
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Re: IT Suggestions for beginning additional portfolio

#131907

Postby floyd3592 » April 13th, 2018, 11:15 am

Gadge wrote:Hi Spiderbill
My view is that when building your portfolio you may want to set overall objectives first e.g. growth. Then build some large core holdings, then add on smaller (5%?) holdings covering themes or areas of interest, making sure that all choices accord with the initial main objectives.

That is basically how GIP works with global diversified income as the overall objective.

Gadge


Hi Gadge

I do like the stuff i've read on ur ITs portfolio. I am looking to build an IT portfolio with my 'overall objective' being pure growth to live off in retirement. Given this, would u recommend someone in my position slavishly follow your own original GIP or are there some tweaks u would make to reflect what is 'good value' or a 'better fit' currently and given ur experience with the portfolio? I hope u don't me picking ur brains like this cheeky! pic

Gadge
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Re: IT Suggestions for beginning additional portfolio

#158404

Postby Gadge » August 10th, 2018, 12:08 am

Hi Floyd3592

Firstly apologies for the late reply as i have only just noticed your question!

GIP is not at all suitable for your stated requirements as it is not aimed at pure growth.
That seems an odd and dangerous thing to be doing really in retirement.

GIP may be suitable for someone in retirement that intends to live off a modest 3% of the dividends generated if that helps?

If I can help further do let me know.

Gadge

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Re: IT Suggestions for beginning additional portfolio

#159017

Postby Gadge » August 12th, 2018, 4:32 pm

Latest on GIP may be found here

lemonfool.co.uk/viewtopic.php?f=8&t=13033

Links from that post lead to all previous posts 're HIP

Gadge

monabri
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Re: IT Suggestions for beginning additional portfolio

#159053

Postby monabri » August 12th, 2018, 6:43 pm


floyd3592
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Re: IT Suggestions for beginning additional portfolio

#159114

Postby floyd3592 » August 12th, 2018, 11:18 pm

Gadge wrote:Hi Floyd3592

Firstly apologies for the late reply as i have only just noticed your question!

GIP is not at all suitable for your stated requirements as it is not aimed at pure growth.
That seems an odd and dangerous thing to be doing really in retirement.

GIP may be suitable for someone in retirement that intends to live off a modest 3% of the dividends generated if that helps?

If I can help further do let me know.

Gadge

Thanks Gadge.

No need for an apology as it's actually me who should be apologising because of course my suggestion seems 'odd and dangerous' as I should have said 'income' not 'growth' :shock:

I was thinking for using it purely as a retirement income strategy as a fund of ITs. How for example does it compare with John BAron's winter portfolio (which is another which has caught my eye)?

cheers
Floyd

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Re: IT Suggestions for beginning additional portfolio

#159137

Postby OhNoNotimAgain » August 13th, 2018, 8:26 am

Read this

http://monevator.com/category/investing ... investing/

before you take any action.

Moderator Message:
Leaving this post for now. BUT there is a dedicated board for Passive Investments and I am sure that the OP is aware of the difference. Also discussions on Passive V Active is best discussed elsewhere, Investment Strategies perhaps. Raptor.


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