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ISA Fund for next year tax allowance
glp
Posted: 18 March 2018 11:49:37(UTC)
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HI All

Just interested in ideas and thoughts on what region of fund to invest in next ISA tax allowance

Global Funds i have IT in witan , Scottish Mortgage , , what IT would you invest in ,,,,,

What region/Fund would you invest in I am swayd to Global ,Europe Far East

Thanks in advance
1 user thanked glp for this post.
Mr Helpful on 18/03/2018(UTC)
Tony Peterson
Posted: 18 March 2018 13:20:14(UTC)
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I won't be investing in any fund in my ISA on 6 April.

I'll be adding to my equity holdings.

They grow faster, and more efficiently with no middlemen getting a cut.

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Tim D on 19/03/2018(UTC), M Panchal on 20/03/2018(UTC), kWIKSAVE on 22/03/2018(UTC)
King Lodos
Posted: 18 March 2018 14:04:02(UTC)
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Apart from GSK, which, since 2000, has returned slightly less than Drayton Junior School's metal detector club.
3 users thanked King Lodos for this post.
eyesopen on 20/03/2018(UTC), Rickenbacker Al on 21/03/2018(UTC), S_M on 21/03/2018(UTC)
Tony Peterson
Posted: 18 March 2018 14:26:20(UTC)
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Which with dividends, and realised profits has already returned very nearly all of our original purchase price in 2004. And currently back at bargain levels, too. I will very likely finish replacing the last of the shares we sold at over £17 a few months back.,

With well over 100K returned already and another £3700 to play with from the quarterly dividend in a few weeks. Suits me as a "bond-proxy" or a profit-taking mine.

2 users thanked Tony Peterson for this post.
Captain Slugwash on 18/03/2018(UTC), Guest on 20/03/2018(UTC)
Mr Helpful
Posted: 18 March 2018 15:23:35(UTC)
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glp;58913 wrote:
Just interested in ideas and thoughts on what region of fund to invest in next ISA tax allowance
Global Funds i have IT in witan , Scottish Mortgage , , what IT would you invest in ,,,,,
What region/Fund would you invest in I am swayd to Global ,Europe Far East
Thanks in advance


Can indicate where some income biased Stock ITs might be less extremely valued in these generally pricey markets.
but not of course how this may impact on pricing going forward.
You won't like all of these!

Global (nothing obvious)
Europe (JETI)
Russia (JRS)
Asia/Pacific (HFEL, AAIF)
UK (SCF, DIG, CTY)

Just a personal view, no special insights.
M Panchal
Posted: 20 March 2018 18:51:19(UTC)
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I'll be adding to my equity holdings.

They grow faster, and more efficiently with no middlemen getting a cut.


Which equity holdings are they if you don't mind divulging the info?
Tony Peterson
Posted: 21 March 2018 12:43:24(UTC)
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I will not know until April 6.

My thirstiest stakes will get a generous spring watering on April 6th.

Because I do not know the future I cannot say what they will be.
S_M
Posted: 21 March 2018 14:12:25(UTC)
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King Lodos;58919 wrote:
Apart from GSK, which, since 2000, has returned slightly less than Drayton Junior School's metal detector club.



You can’t teach an old dog new tricks KL. Especially an arrogant one ;).

In response to the OPs question which once again has been sidetracked by Tony, I have recently sold SMT in favour of Fundsmith/Lindsell Train Global. If I was to commit new funds it would be to the latter.
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mcminvest on 21/03/2018(UTC), King Lodos on 22/03/2018(UTC)
dyfed
Posted: 21 March 2018 14:39:46(UTC)
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S_M;59093 wrote:
King Lodos;58919 wrote:
Apart from GSK, which, since 2000, has returned slightly less than Drayton Junior School's metal detector club.



You can’t teach an old dog new tricks KL. Especially an arrogant one ;).

In response to the OPs question which once again has been sidetracked by Tony, I have recently sold SMT in favour of Fundsmith/Lindsell Train Global. If I was to commit new funds it would be to the latter.


I know I am going to regret posting this, but I am clearly in an argumentative mood today (cf Jack Fleming).

- I do not think that Tony regularly sidetracks questions
- I do not think he sidetracked this one: he is making a fair point that holding shares direct saves money
- I do not think TP deserved to be insulted on this particular occasion
- why stir up the KL v TP feud: it seems to keep running quite happily without additional fuel

But thanks for the interesting information about your fund dealing
8 users thanked dyfed for this post.
Jim Thompson on 21/03/2018(UTC), xcity on 21/03/2018(UTC), Slacker on 21/03/2018(UTC), Jim S on 21/03/2018(UTC), andy mac on 21/03/2018(UTC), Vince. on 21/03/2018(UTC), Mickey on 21/03/2018(UTC), Captain Slugwash on 22/03/2018(UTC)
Tony Peterson
Posted: 21 March 2018 17:38:17(UTC)
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Thank you dyfed for springing to my defence. I will rely on you in future to inform me when I really do deserve to be insulted.

I do not think S_M bothered to read my response to KL. I have no feud with KL beyond observing that he constantly posts disinformation about me, presumably to wind me up.

But KL is a young man who has lost a lucrative job, reads a lot about finance (and copies stuff that impresses him) and some of his more helpful posts I have thanked him for. I know he covets a high performance car that he cannot afford. It amuses me that we gave one of ours to a charity last week. House prices and mortgage rates concern him too but I know not why.

I find it interesting that he has discovered the merits of Unilever and Diageo. And that shares with dividends reinvested is close to an optimal strategy. His graphs cannot show the performance of equities with individual dividends invested elsewhere - in other shares closer to their low points and yielding more. And that his algorithm screens out volatility, which is to us, the icing on the equity cake.

I estimate that my portfolio performance depends almost equally on natural growth, dividend reinvestment, and volatility harvesting. Today I completed the repurchase of the last of the GSK holdings I sold last summer for over £17 at a wonderful bargain prince of £12.9.. When it returns to 1650 we will start to take profits again as we have frequently before. Meanwhile its yield is almost three times what it was when we first began building a stake in it. KL's derision shows that he still has some way to go in comprehending the opportunities that markets present.

KL will get around to understanding how I do what he believes is not possible. Although I have to admit that I have just discovered that there is one fund that has outperformed me since 1999 according to the Times last week. Marlborough Special Situations pipped me with a near 19% annualised. I beat the rest though. Whoops, mustn't boast.

7 users thanked Tony Peterson for this post.
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Keith Cobby
Posted: 21 March 2018 18:02:17(UTC)
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Tony is an advocate of direct shareholdings, which I haven't been since the 1980s. I am an advocate of ITs only. We each have our preferences and it is always interesting to know what others are doing (politely of course!).
4 users thanked Keith Cobby for this post.
Tim D on 21/03/2018(UTC), Vince. on 21/03/2018(UTC), gillyann on 21/03/2018(UTC), Harry Trout on 22/03/2018(UTC)
Jim S
Posted: 21 March 2018 18:27:23(UTC)
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Keith Cobby;59112 wrote:
Tony is an advocate of direct shareholdings, which I haven't been since the 1980s. I am an advocate of ITs only. We each have our preferences and it is always interesting to know what others are doing (politely of course!).


Well said Keith. Several posters have very different investment approaches, horses for courses. I think we can all learn something from each other, robust debate is good, personal attacks just put people off posting I think.
4 users thanked Jim S for this post.
Tim D on 21/03/2018(UTC), Vince. on 21/03/2018(UTC), gillyann on 21/03/2018(UTC), chubby bunny on 21/03/2018(UTC)
King Lodos
Posted: 22 March 2018 04:40:20(UTC)
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I've come around to aspects of Tony's approach .. I like dividends and owning actual companies .. But funds offer a lot of practical advantages.

My argument for direct shareholdings comes down to a) I think it lead to better investing behaviour (and there's some good evidence for that); and b) large funds have structural disadvantages (like having to hold too many shares, plus fees).

If I'm honest .. whether Tony can do it or not, I don't think I or any investor here could achieve 17% annual returns top-slicing companies like Glaxo and Rio Tinto(?) .. Burberry I could get on board with .. But I think most investors would get in a mess .. You can buy Equal-Weight ETFs, that top-slice and reinvest across a selection of shares for you, very cheaply – that's the strategy: winners and big dividends go into temporary losers .. I've backtested strategies like that that do work .. But you need a lot of Burberrys .. If I stick a Glaxo into a 6-share portfolio from 2000, it knocks the return way down; Warren Buffett could only achieve those returns by finding lots of outperforming stocks – the trading strategy and dividends aren't what drive returns (unless you're doing something unique)
3 users thanked King Lodos for this post.
mcminvest on 22/03/2018(UTC), Harry Trout on 22/03/2018(UTC), Vince. on 22/03/2018(UTC)
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