Member Info for zac0_4

Out of 20+ holdings LGEN now sits at the bottom of the table for year to date performance! At this rate we're looking at a another negative return this year on top of the one that was delivered to us last year!!

I think you must have done. It yields about 1.2%

Gwm121 !!!!

Gwm126 " . . . fund like l and t seems to give better return and high divi . . . "

Which fund are you referring to?

Gwm121 - SEDOL is BG0QP60

I don't favour this fund over Fundsmith etc I just like to have a core holding in a global equity tracker. On that basis I hold both the L&G fund and Vanguard FTSE Global All Cap Index. Very little to choose between them. Vanguard holds about 4% of UK equities, L&G fund excludes UK I think.

My top 5 funds, out of about 15, by current value are:

Fundsmith Equity

Rathbone Global Opps

LF Blue Whale Growth Fund

L&G International Index (would be no.2 if combined with Vanguard Global Tracker)

Lindsell Train Global Equity

In all cases I invest in the accumulation version of each fund, with the exception of the Lindsell Train fund which is only available in an income type

Gary59 - Snap! I take cash from funds as and when required. It amazes me how many people are against investing in funds, and simply focus on dividends for as a means of income.

A £10,000 investment in LGEN 5 years ago would have delivered £3,402 in dividends to date but cost you £1,142 in lost capital. So a total return over 5 years of 22.6%.

If you invested the same £10,000 in the L&G International Index Trust 5 years ago, and at the end of each year sold down units to the equivalent value of the L&G annual dividend, today you would have drawn down £3,402, but your capital is now worth £11,705. A total return of 51.0%.

For me it's important to have balance in my portfolio.

Robleo - accumulation for me always

Gary59 - Checked my numbers. Blue Whale actually sits at 5. My current top 5 by value is:

Fundsmith Equity

Merchants Trust

Legal & General

Rathbone Global Opps

LF Blue Whale Equity

I hold Legal & General across 3 accounts. Normal fund and share, ISA and SIPP.

Planning to sell my holding in my normal fund and share account later in the year, following which it will fall to position 7 , by value,out of 27 holdings. Far too many!!

Gary59 - I too hold Blue Whale. It's my 6th largest holding. Too date I'm more than pleased with the performance. I tend not too worry too much about costs as published fund performance is nett of costs.

Gwm121 - " . . . in ur opinon which funds beat leg or vod from now . . . " That's not a question I can answer because it would be nothing more than a guess. LGEN forms a part of my portfolio and will continue to be for the foreseeable future. Vodafone I wouldn't touch. Too many issues.

One piece of advice I would give to anyone starting out on their investment journey would be to regularly invest (every month by direct debit never selling year in year out) in a global equity tracker fund. As stated below, L&G International Index Acc, is worth a look in that respect. In this way you're simply "betting" on the global economy continuing to develop and grow over the long term. Something it's managed to do for hundreds of years!

That would be my starting point to build a portfolio around.

On the subject of AI, the L&G Global Tech Index will I'm sure provide future exposure, and I've recently taken small positions in Microsoft and Nvidia.

And finally, investing is a marathon not a sprint. Good Luck.

Robleo - I'm not familiar with HL UK growth shares (do any UK shares actually grow?!!) or L&G Future World. The rest I'm either invested in or have been invested in. In almost all cases the year to date performance (accummulation version of each fund) beats the LGEN ytd return. Some by a considerable margin!

I'd have no hesitation in continuing to hold the ones I am familiar with. But of course that's your choice.

Eccles04 - ". . . the stories one hears along the lines of "made 20% this year" are mostly BS . . . "

It is difficult to keep a portfolio growing. At least I think so. I've been investing for many years. Took early retirement in 2018 and so have relied on my portfolio's performance to provide a proportion of my income from 2019 onwards.

Here's my annual results since:

2019 +20.9%

2020 +0.7%

2021 +17.4%

2022 -9.7%

2023 ytd +7.4%

Above figures are total return per calendar year. 70% global equity funds & 30% dividend paying shares / trusts. I'm just in the process of culling all my dividend paying holdings from my SIPP and re-investing capital into funds/etfs. Some of my dividend paying holdings have been appalling. I see no point in continuing to hold, even if that means selling at a loss, when I think I can get better results elsewhere. Once complete the split will be more like 82.5% / 17.5% in favour of global, predominantly non-dividend paying, holdings.

Robleo - be patient with your funds. A 'sluggish' performance of 0.8% return each month results in a double digit annual return!

Do you just invest in funds holding UK companies? There's a big wide world out there. The UK accounts for less than 4% of the global economy! Global equity funds have served me well over a number of years.

NoloServileCapis - that's the one. Legal & General Global Technology Index Trust, accummulation version. I've been invested in it for years. A bit volatile but generally heads in the right direction if you're patient.

However, don't take anything I say as advice!!!!

MrMath - yes, good to have a mix. I've far too many holdings - 23 at last count. Unfortunately at the half year LGEN sitsat position 20. I do agree with your earlier post when you state you fully expect to get your current loss of capital back. I certainly think a future share price of c.£2.56 is very probable. (that's your breakeven share price if my calcs are correct??!!)

My largest holding, by a country mile, is Fundsmith Equity fund. Currently up 8.5% at the half year.

Good luck

Robleo - ". . . but at these times of hight inflation there's is no growth coming from the funds . . ."

That's not strictly true, in my case anyway . . . here's some ytd results at the half year from some of my holdings

L&G Global Tech +37%

AXA Framlington Global Tech +19%

LF Blue Whale Growth +15%

Rathbone Global Opportunities +10%

L&G International Index +9%

I just wish my dividend paying holdings were delivering anything close year to date!

MrMath - So, by my reckoning, a compound annual return of 4.45% pa, over your 3 year period. Not a stellar return by any measure!

Their global tracker fund, L&G International Index Trust, has returned 11.10% pa, over the same period.

I hold both by the way.

You could have made a similar statement 12months ago. Using your maths you would have been looking at a 10% dividend over the forthcoming 13months. The bit you fail to mention is possible capital erosion. During the last 12months the share price has declined by over 6%. Dividends are certainly worth having . . . unless, of course, you're paying for them in loss of capital!

Tichtich - I have a foot in both camps - dividend payers and non-dividend payers. For me both categories are growth in terms of trying to overall provide you with positive return (growth) on your investment.

With the L&G International Index Trust all I'm betting on (if that's the correct terminology) is that the global economy will continue to grow over the long term. Something its done for hundreds of years. Nothing else.

Out of interest which other dividend payers do you hold? Mine are LGEN, HHI, MRCH, HFEL, UKW, EAT and NCYF. Only UKW has come anywhere near the 5 & 10 year annualised returns delivered from the L&G tracker fund.

I'm down to 30% of my portfolio in dividend payers now. I fully intend to continue to reduce that contribution over time.

How do the fund managers keep their positions whilst delivering this dreadful performance?

Next they'll be telling us it's delivering an outstanding yield compared to its peers . . . yes, on the back of a 35% destruction in capital over the last 5 years!!