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Investment advice for a widow
Stephen B.
Posted: 13 January 2018 16:35:10(UTC)

Joined: 26/09/2012(UTC)
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chubby bunny;55347 wrote:
Seems to have merged with SLS in 2008 -

Thanks, but I can't find anything that says what the terms were - does anyone know what a holder of one Gartmore share ended up with? (Ironically it's the only trust in my list that I didn't hold myself.)
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Guest on 13/01/2018(UTC)
Alan Selwood
Posted: 13 January 2018 17:52:45(UTC)

Joined: 17/12/2011(UTC)
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Stephen B.
Posted: 14 January 2018 15:19:52(UTC)

Joined: 26/09/2012(UTC)
Posts: 305

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I've "solved" the Gartmore problem by trading it for JPM Smaller at the end of 2006 when I have prices for both, so not entirely passive, but one forced change in 20 years is fairly close (there have been a few other corporate events). The portfolio was notionally started at the closing prices on 31/12/98 - not equally weighted but not wildly unbalanced (5/7/15/8/10/15/10/8/15/7 in the order given above). No allowance is made for dividends or warrant issues.

The total value now is 6.22 times the opening value, which seems not bad in 19 years, just over 10% pa. It was helped by starting just before the tech boom but there have been a lot of crises along the way. The weights now are 8/10/9/14/14/4/11/14/4/10 so still fairly balanced although a bit tech-heavy (two of the 14s are PCT and Herald). The best performer is BEE, just about a tenbagger.

So even with fairly esoteric and relatively risky ITs I think that's a good illustration that an IT portfolio can be left to its own devices for a long period without running into any big trouble.

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Tim D on 14/01/2018(UTC)
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