Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Posts: 1
Just after a few opinions, I'm thinking of slowly selling off shares I own (about 1 holding a month) and top up my vanguard FTSE all cap(8.94%). I also hold SMT (46.86%) & Fundsmith (29.33%)
IAG -44%
BP -1.83%
RDSB 12.02%
AML 31.52%
LLOY 63%
PSX 51.67%
Only started investing last year, finished 45.21% up & YTD I'm 10.40%, which also includes investing monthly. Any opinions or is there any you would consider holding onto for more gains.
Posts: 1,227
Last year was unusual. If you had started your portfolio in late March you should have been up rather more than you were - I suggest you are taking your profits too early. If you are looking to concentrate your wealth into pooled resources, then that is not a bad idea, but you seem to only have focus on UK.
Investment Trusts are fabulous instruments. THRG has been in my portfolio since 2012 and I have recently placed a decent chunk in UIFS. CGI, AAIF, AUGM, HRI, ATT, APF, FSV, MTU, MTE, MINI, TEM and UEM also feature in my portfolio. there are others which are not easily traded such as Aubrey and a couple of the Polar Capital funds (IT and Insurance feature for me)..... so those are a few more ideas to consider.
I am not a fan of banks, am reducing my oil shares and increasing my exposure to IT, healthcare and consumer discretionary. The most recent changes (for me) have been to reduce my holding in Nvidia, sell all housebuilders and increase my holdings in TSTL and MTU and add a new holding, ASML (semi conductor maker). I have also strengthened my holding in RFX, a pawnbroker.
I do wish you great success with your investments - cut losses early, run profits and understand what the business does and how it makes money - listen to those that have taken a short position and ask for their explanation. They could just be correct. Most are not. Put all "traders" into a filter as most lose everything within a few transactions and are simply a distraction. Their opinion is usually received and probably wrong. Just look at the disclaimer for IG and all the other sites offering CFD's as to how many people actually lose money.
Posts: 414
Some of the charges on those investments trusts look on the high side
Maybe consider a passive EFT tracker ?
Posts: 951
You have 3 oil stocks, so I might start by selling a couple of them. PSX maybe 1st as US market is kinda higher than UK. Lucky dip then for Shell or BP. Might be worth hanging in there with IAG but also might not! Lloyds you have done well on and AML, so why sell them? You should maybe check on ex dividend and announcement dates for bit more timing of decisions!