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Showing content with the highest reputation since 10/01/22 in all areas

  1. Firstly thats a lovely amount i think for a nice investment portfolio.Its actually exactly what my partner has in her ISA,the rest she piles in her SIPP. First you need to decide if you are going to go for same sized holdings ie 10 x £5k,20 x £2.5k etc,or if your going to have different sized holdings.I myself have much bigger holdings in several then lots of smaller holdings.So maybe you might consider some £4k holdings and then £2.5k ones etc. Id start where i have always started with every portfolio iv ran and built for everyone BAT.If they say no,i dont build it.Its a shame its now though as its ran up 10% in a few weeks,so it depends if you want to risk a pullback or not. Telcos id buy TEF SA ,VOD,Orange in equal amounts.Id also buy BT if it pulls back a bit. Id buy two investment trusts Henderson Asian Income Investment Trust and the one iv been buying this last couple of weeks Blackrock Latin American Investment Trust.That gets you a lot of value shares in areas that should do well from the cycle,and good divs. PMs id not buy too many with a portfolio that size.Maybe £3k of £4k of silver.See that as insurance. Wealth managers are out of favour but should gain from the cycle,Abrdn and M&G are most suitable for long term income portfolios.They can be volatile though in a BK event. Energy is tricky,because we have mostly already doubled or trebled our holdings.However if we look towards later in the cycle BP and Repsol should see new highs still yet. Id avoid smaller more speculative companies. Id also open a SIPP and feed the divis from the ISA into you bank account then back out into your SIPP getting tax relief added on.Thats exactly what i do with my partners who is putting all her taxable income into her SIPP. You could also do half stakes in the areas you choose and then put ladders under them all and buy the 2nd half if they fall say 8%. Main thing is keep diversified,understand a lot of your gains will come from divis not capital growth and accept you might be under water for a long time,or not. Dont buy Centrica at £1.80,worse dont buy your partner it at £1.50 who mentions it every time she sees her portfolio (though doesnt mention the ones that have trebled and quadrupled ) The individual names are not advice and do your own research etc,everyone is different etc and has to live by their own choices,but whatever you do good luck.
    39 points
  2. Anyone interested in adding some South America exposure mostly tilted to Brasil might be interested in this investment trust iv been buying lately. Blackrock Latin American Investment Trust plc (BRLA) Its full of inflation loving assets,trades at a discount,costs are reasonable considering and it pays out 1.25% of net asset value a quarter in dividends etc.Could be a 6% to 7% yield a few years into the cycle. Investment trusts also have no platform fees unlike unit trusts. For anyone starting out,or indeed with much bigger portfolios investment trusts can get you some nice diversity and income in areas its difficult to access yourself.Also very useful if building portfolios for children etc.
    33 points
  3. Spread your purchases over time. I'm sorry to say this, but the time to be getting balls deep in a day has come and gone. Now you must be patient, and that includes with your buying. Don't end up sitting there in a month's time, that £50k fully invested and down 15%, with no cash to make further, cheaper purchases.
    29 points
  4. Right, sh#t has just got real for me in bobs land, this is serious. Hornby have just released their 2022 model train product line. Last year's prices for a steam train was £169.99, this year's releases £269.99. These are not new tooling, but re-releases. Being discretionary spending, I'm shorting Hornby. Things have got serious, folks.
    29 points
  5. "The Fed has disregarded the implications of a 30pc rise in the broad M3 aggregates since the onset of the pandemic." Remember right back at the start of the thread i said they would need to lift things by 30%,and they have in those broad M3 numbers.Fed knew what it was doing because it had no choice.That 30% number was based on past dis-inflation.Most of the market had no clue on that call,and it was based on liquidity tools from the mid 70s/early 80s.
    26 points
  6. To add: just by saying "windfall tax", you deter investment: "opposition party has threatened windfall tax" will literally go into the risk report that is done before every major investment, and the score for UK risks will have gone up. Taxes are the major component of this risk profile, and the big no-no is tinkering or grandfathering taxes, because companies have to make multi decade investments, and require fiscal stability to make the investment, and plan the project life. We will run an economic model for 20,30,40 years before even drilling the first well. The UK has tinkered with taxes a lot over the last ten years, and is one of the reasons the supermajors have been divesting. Put simply, they will be happier working in a country with a high risk of coups etc, as long as the fiscal regime stays stable. And there are many 'unstable' countries out there who keep their fiscal regime stable for this exact reason. The other point is that the time to grab taxes, if you really have to, is when the countrys production is rising. Then new entrants will swallow it. UK production is in decline, and has been for 20 years. It's totally pointless, but you can count on labour to make it worse.
    26 points
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