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Retirement portfolio review

A helpful place to also put any annual reports etc, of your own portfolios
bluedonkey
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Retirement portfolio review

#388247

Postby bluedonkey » February 20th, 2021, 5:08 pm

The table below summarises my portfolio. I hope this is of some interest. Any observations welcome.

First, some background and additional points:

1) The portfolio includes individual shareholdings and also collective investments. The table first lists individual shareholdings in descending sector %, followed by collective investments in descending holding %. Over the last few years I have gradually been tilting the portfolio towards collectives and this will continue.

2) The portfolio is split roughly SIPP 2/3rds, ISAs 1/3rd. It is also split 62% individual shares, 38% collectives.

3) In addition to the investments listed, there is a further 5% in cash within the SIPP. This is awaiting a decision on what to invest in. I am largely agnostic between managed funds and low cost trackers.

4) The SIPP charges 0.25% for OEICs. Currently only the Fundsmith holding attracts this charge.

5) This portfolio represents my entire retirement fund, apart from State pension. My retirement is set for about 18 months time.

6) Despite the fall in dividends in 2020, the total income in 2020 when combined with State pension provides an income level that most British people would be happy with. Am I happy with it? Yes, just about, assuming that it’s a base level which will grow.

Code: Select all

Sector                     | Sector % | Holding                            | Holding %
Life Insurance             |    10.0% | Legal & General                    |      8.4%
                           |          | Std Life Aberdeen                  |      1.1%
                           |          | Aviva                              |      0.5%
                           |          |                                    |         
Mining                     |     7.3% | BHP                                |      5.5%
                           |          | Rio Tinto                          |      1.4%
                           |          | S32                                |      0.3%
                           |          |                                    |         
Construction & Materials   |     6.1% | Morgan Sindall                     |      6.1%
                           |          |                                    |         
Electricity                |     5.5% | SSE                                |      5.0%
                           |          | National Grid                      |      0.4%
                           |          |                                    |         
Aerospace & Defence        |     5.1% | British Aerospace                  |      5.1%
                           |          |                                    |         
Tobacco                    |     4.9% | British American Tobacco           |      3.1%
                           |          | Imperial Brands                    |      1.8%
                           |          |                                    |         
Banks                      |     3.7% | HSBC Bank                          |      3.5%
                           |          | Lloyds                             |      0.2%
                           |          |                                    |         
Travel & Leisure           |     3.7% | Compass Group                      |      3.7%
                           |          |                                    |         
Media                      |     2.9% | Pearson                            |      2.9%
                           |          |                                    |         
Mobile comms               |     2.4% | Vodafone                           |      2.4%
                           |          |                                    |         
Gas, Water & Multiutilities|     2.1% | United Utilities                   |      1.8%
                           |          | Centrica                           |      0.2%
                           |          |                                    |         
Food & Drug Retailers      |     2.0% | Morrisons                          |      1.1%
                           |          | Tesco                              |      0.8%
                           |          | Sainsburys                         |      0.1%
                           |          |                                    |         
Personal Goods             |     1.6% | Unilever                           |      1.6%
                           |          |                                    |         
Pharmaceuticals            |     1.5% | Glaxo SmithKline                   |      1.5%
                           |          |                                    |         
Food Producers             |     1.3% | Tate & Lyle                        |      1.3%
                           |          |                                    |         
Real estate                |     1.1% | British Land                       |      0.8%
                           |          | Land Securities                    |      0.3%
                           |          |                                    |         
General Financial          |     0.8% | IG Group                           |      0.7%
                           |          | International Personal Finance     |      0.1%
                           |          |                                    |         
Industrial Transportation  |     0.3% | Royal Mail Group                   |      0.3%
                           |          |                                    |         
General Retailers          |     0.1% | Dixons Carphone                    |      0.1%
                           |          |                                    |         
                           |          |                                    |         
Collectives                |          | Vanguard Developed Asia ex-Jpn     |     10.2%
                           |          | Fundsmith I Inc                    |      5.5%
                           |          | Murray International               |      5.2%
                           |          | Aberdeen Asia Income               |      5.2%
                           |          | Witan                              |      4.2%
                           |          | Scottish Mortgage Trust            |      3.8%
                           |          | Henderson Far East                 |      1.7%
                           |          | Aberdeen Diversified Inc & Growth  |      1.3%
                           |          | 3i Group                           |      0.6%
                           

bluedonkey
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Re: Retirement portfolio review

#388260

Postby bluedonkey » February 20th, 2021, 6:39 pm

Didn't realise there'd be a vertical scroll bar on the table.

GrahamPlatt
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Re: Retirement portfolio review

#388265

Postby GrahamPlatt » February 20th, 2021, 7:14 pm

OK, my tuppence.
There are a lot of the usual suspects in the share portfolio.
Well diversified by sector, but very UK biased.
I prefer what you have in the IT sphere.
As you said, you’ll be moving over to favour ITs. Good idea.

TUK020
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Re: Retirement portfolio review

#388276

Postby TUK020 » February 20th, 2021, 8:06 pm

I think your gradual shift towards ITs mirrors what I intend to do.

Looking through your list of individuals shares, I can see a number of 'orphan' level shareholdings, and a number of names that I would consider are going nowhere. Perhaps an opportunity to clean house to free up some capital for IT top ups.

Orphan & 'Going nowhere' shareholdings:
AV
S32
Lloyds
Centrica
IntPerFin
RMG
Dixon

One I am worrying about in my own portfolio - VOD?

Dod101
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Re: Retirement portfolio review

#388280

Postby Dod101 » February 20th, 2021, 8:22 pm

Just as an observation, SLA is not of course a life insurer, not nowadays anyway, since Standard Life's insurance operations were sold to Phoenix Holdings. Probably better called a fund manager.

To TUK's list of shares going nowhere you could add Glaxo I think and that is not a criticism, I hold Glaxo as well.

For income I bought T D Bank towards the end of last year and so far it has done well for me both in terms of capital appreciation and income. You might like to take a look at Canadian banks for some diversification.

Dod

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Re: Retirement portfolio review

#388282

Postby mark88man » February 20th, 2021, 8:25 pm

I think we'll find if LLOY is going anywhere following the results next week and the lockdown status decision.

Certainly not going anywhere long term, that I do accept, but I think there is a 6 month period when strategic patience might be quite rewarded

Adamski
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Re: Retirement portfolio review

#388292

Postby Adamski » February 20th, 2021, 8:57 pm

Nice mix of investments. Just say what I would do, is put these into Morningstar portfolio and see the return over a 1, 3, 5 year period; then consider reducing the laggards and increasing the leaders, to hopefully increase return.

JohnW
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Re: Retirement portfolio review

#388306

Postby JohnW » February 20th, 2021, 10:23 pm

bluedonkey wrote: I am largely agnostic between managed funds and low cost trackers.


Agnostic, not indifferent?

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Re: Retirement portfolio review

#388696

Postby WickedLester » February 22nd, 2021, 12:30 pm

TUK020 wrote:Looking through your list of individuals shares, I can see a number of 'orphan' level shareholdings, and a number of names that I would consider are going nowhere. Perhaps an opportunity to clean house to free up some capital for IT top ups.

Orphan & 'Going nowhere' shareholdings:
AV
S32
Lloyds
Centrica
IntPerFin
RMG
Dixon


I would disagree about AV and DC as I think both are excellent value and hold both. In the case of DC the value of the electricals side is hampered by the poor performance of Carphone Warehouse but if they sort this business out I can easily see the shares doubling from here once the economy is fully open again.

TUK020
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Re: Retirement portfolio review

#388774

Postby TUK020 » February 22nd, 2021, 3:55 pm

WickedLester wrote:
TUK020 wrote:Looking through your list of individuals shares, I can see a number of 'orphan' level shareholdings, and a number of names that I would consider are going nowhere. Perhaps an opportunity to clean house to free up some capital for IT top ups.

Orphan & 'Going nowhere' shareholdings:
AV
S32
Lloyds
Centrica
IntPerFin
RMG
Dixon


I would disagree about AV and DC as I think both are excellent value and hold both. In the case of DC the value of the electricals side is hampered by the poor performance of Carphone Warehouse but if they sort this business out I can easily see the shares doubling from here once the economy is fully open again.

AV & DC are referred to as the 'orphans' at 0.5% and 0.1% of portfolio holdings respectively. Not sure it is worth having a long tail of low holdings.
NB: I hold AV, and also have a rump of low holdings that I have never got around to sorting out


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