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should I shift the balance of funds??
Andrew Hirst
Posted: 12 January 2018 11:48:06(UTC)
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I'm relatively new to investing as I only started in summer 2015, although I'm past state pension age I'm still working and investing for 5 years or so ahead. I'm thinking that maybe I need a fresh look at things and whether anyone here could perhaps offer advice.

Funds are 70% of my portfolio of which Lindsell Train Global Equity Class D is 30.9% as I pay £250 into it monthly.
I also have nine others and most of them have given solid growth (even Old Mutual is starting to motor now). I'm wondering if I should shift the balance and pay the monthly amount into one of my other funds e.g. Fundsmith, or Vanguard, or maybe buy into a new one like EWI or SMT?

My problem with the LT fund is that some of the top 10 holdings are giving a rocky ride so its gone a bit flat, whereas Fundsmith is still on the up along with others.

The other funds that I have are-

2 Fidelity UK Select Class A 17.7% UK All Companies
3 Fidelity Asia Fund Class A 16.3% Asia Pacific Excluding Japan
4 Old Mutual Global Investors (Onshore) Global Best Ideas Class A 7.7% Global
5 Fundsmith Equity Class I 7.7% Global
6 Fidelity Offshore FF China Focus Class A 3.7% China/Greater China
7 Vanguard Lifestrategy 100% Equity 3.1% Global
8 Fidelity Offshore FF India Focus Class A 3.1% Specialist
9 Woodford LF Woodford Equity Income Class Z 3.1% UK Equity Income
10 Fidelity European Class A

I also have a small amount with LSE, it's been a bit disappointing over the last 6 months so I was wondering whether to also buy into a FTSE 250 tracker?

Thanks
TJL
Posted: 12 January 2018 13:03:56(UTC)
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I think it is easy to keep acquiring new funds (or trusts) and it is possible to 'accidentally' end up with too many. I ended up doing this several years ago and at one point had about 22.
These days, if I am making any changes, I am always looking for the opportunity to consolidate wherever possible and if it fits in with my overall plan.
There is also the possibility of stock overlap (which I don't think gets mentioned much here). For example, I hold (among others) SMT, MNKS and MNL (which also invests in SMT) and am aware that I have considerable overlap, which I need to keep an eye on.
I am not suggesting it applies to you, but I think it is something to be aware of as the numbers in your portfolio increase.
Hope it helps.
4 users thanked TJL for this post.
Andrew Hirst on 12/01/2018(UTC), Tim D on 12/01/2018(UTC), Mickey on 12/01/2018(UTC), Don Revie on 14/01/2018(UTC)
chubby bunny
Posted: 12 January 2018 13:24:56(UTC)
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Lee Freeman-Shor can write a good book but I'm not convinced by his Global Best Ideas fund, which has badly under performed for the last 5 years. You could probably drop that and Lifestrategy and just split your global exposure equally between Fundsmith and Lindsell Train.

Fidelity Asia already gives you good exposure to China (38.5%) and India (11.6%), so the individual country funds may be unnecessary unless you are targeting specific percentage weightings. Fidelity European and UK Select aren't anything special, you could do much better.
3 users thanked chubby bunny for this post.
Andrew Hirst on 14/01/2018(UTC), J Thomas on 14/01/2018(UTC), Guest on 15/01/2018(UTC)
King Lodos
Posted: 12 January 2018 14:07:07(UTC)
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I've got Lindsell Train ahead over 6 and 12 months – so that's technically stronger momentum. And I think that's partly down to Fundsmith's higher dollar exposure and LT having more Japan.

https://i.imgur.com/wUQJ1hp.jpg

The tricky thing with chasing momentum – which is mostly in Asian and Japanese stocks, as well as Tech and UK Small-caps – is things can turn around very quickly .. Performance chasing costs most investors, because you'll keep buying what's overbought anding sell what's oversold – always on the wrong side of the trade.

If you look at Fundsmith vs LT Global over 5 years, you'll see they take it in turns to outperform – ultimately winding up at the same place .. If you'd kept buying what's doing better at the time, you'd usually be buying the wrong one.

You've got some strong momentum plays anyway – I'd say balancing that with defence makes for a smoother ride
1 user thanked King Lodos for this post.
Andrew Hirst on 14/01/2018(UTC)
Andrew Hirst
Posted: 14 January 2018 18:44:44(UTC)
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Thanks all,

There is some good and helpful advice there, I'll probably keep things more or less as they are for a while and concentrate on looking at my wife's portfolio.

One thing I'm considering though is investing a £1000 sum that I have saved up but I want to track it's progress separately from my main holdings to see what I can do with it, if I add it to my HL fund & share account it will loose it's identity and be tricky to track unless I invest it in shares that I don't already hold so I'm thinking of maybe placing it with another platform provider. At the moment I am with HL, the portfolio is not large but has just tipped £100K, just now I read online that their fees of 0.45% are a bit steep for anything over £50K so another thought I am having is whether to split my holdings between two platforms, this would also help facilitate my £1K. Would this be sensible or not do you think?
Mr Helpful
Posted: 14 January 2018 18:52:31(UTC)
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Andrew Hirst;55391 wrote:

At the moment I am with HL, the portfolio is not large but has just tipped £100K, just now I read online that their fees of 0.45% are a bit steep for anything over £50K so another thought I am having is whether to split my holdings between two platforms, this would also help facilitate my £1K. Would this be sensible or not do you think?


Investor protection believe is also limited to £50k, which concerns some investors.
So then a fine balance between :-
Convenience v Paranoia/Safety
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Andrew Hirst on 14/01/2018(UTC)
King Lodos
Posted: 14 January 2018 19:51:56(UTC)
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I think it's well worth spreading your portfolio .. There are some ways HL is a top 3 cheapest platform (with the £45 cap on shares in an ISA, and free fund dealing); other ways iWeb works out much cheaper; and Trading 212 is my fun portfolio (with no fee and 10 free share deals a month).

It can be justifiable to have both a HL Share Dealing account and an ISA, as you can pay your ISA account fees out of your S&S account (thereby *not* eating into your ISA allowance) – you can also only hold some stocks in the non-ISA account.

You can also use a spreadsheet to keep track of virtual portfolios within a single account – I'd always do this .. As good as HL's interface is, I don't think it's any sort of environment to be making investment decisions in .. I think you need to see graphs of how you're actually doing; or not trade and just practise disciplined investing.
3 users thanked King Lodos for this post.
Tim D on 14/01/2018(UTC), Mike L on 14/01/2018(UTC), Andrew Hirst on 14/01/2018(UTC)
kWIKSAVE
Posted: 15 January 2018 09:44:49(UTC)
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Too much with Fidelity perhaps ?
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Andrew Hirst on 16/01/2018(UTC)
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