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JSIPP
Strangways
Posted: 30 June 2023 14:45:15(UTC)
#24

Joined: 23/12/2020(UTC)
Posts: 565

Given the long timeframe,I would stick it in one or two ITs that have been around for a long time. FCIT and/or PNL? It doesn't have to do any more than survive and compound. You would be trading some growth for security and peace of mind, But I don't see that as a bad thing when you are investing for someone else.
Thrugelmir
Posted: 30 June 2023 15:26:32(UTC)
#23

Joined: 01/06/2012(UTC)
Posts: 5,317

Peter Bear;271467 wrote:

Trust me, with hindsight, it really is that simple.


The recent past doesn't provide any basis for projecting the next 60 years though.
TJL
Posted: 30 June 2023 20:09:29(UTC)
#25

Joined: 14/03/2011(UTC)
Posts: 1,630

Thanks: 865 times
Was thanked: 2330 time(s) in 915 post(s)
Withdrawn.
No point in arguing.
1 user thanked TJL for this post.
Fife Clive on 30/06/2023(UTC)
Grubber
Posted: 05 July 2023 06:38:39(UTC)
#10

Joined: 07/12/2020(UTC)
Posts: 21

Fife Clive;271471 wrote:
Grubber;271380 wrote:
Thanks for the suggestions so far which would be for grandchild 2.

We started a JSIPP for the first grandchild 2 years ago and this now holds

BLACKROCK WORLD MINING TRUST

CITY OF LONDON IT

HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED

ISHARES GLOBAL CLEAN ENERGY UCITS ETF DIST

RIT CAPITAL PARTNERS

SCOTTISH MORTGAGE

Overall down slightly so would you add to existing holdings or diversify further?


Sorry to be blunt, just going to say it, that portfolio looks totally mental especially for an investor with a 60+ year time frame. I could see the rationale if it were a tactical position, with intention to rebalance within the portfolio, and adjust in future conditions. But are you going to do that? And when granddad shuffles off this mortal coil, is anyone going to be doing that? I shudder at the cumulative loss to fees over the investment horizon - that’s one hell of a hurdle to get over to beat a simple passive strategy.

Echo the majority of the people above:
1) open account with Fidelity (zero fees for junior products)
2) deploy money into Vanguard Global All Cap (or ETF equivalent VWRP if you really wanted - I don’t see the point)
3) forget about it until next year, when you repeat (2)

I’d also steer towards filling Junior ISAs first - a life-changing help to me at age 25 would have been £50k for a deposit, not a slightly larger pension pot accessible 30 years hence. Relax about the idea of giving up control and trust them to be raised with a sensible head on their shoulders

Grubber
Posted: 05 July 2023 06:44:01(UTC)
#26

Joined: 07/12/2020(UTC)
Posts: 21

Thanks Clive and agree of course that funds for house purchase may seem to be more
Important to the beneficiary however it seems to us that grandparents would want to
Know that heir gifts are secure for the long term future irrespective of what they get up to in the meantime! Remembering for example that pensions are proof from bankruptcy!
Grubber
Posted: 16 July 2023 10:03:47(UTC)
#8

Joined: 07/12/2020(UTC)
Posts: 21

Tim D;271386 wrote:
Grubber;271380 wrote:
We started a JSIPP for the first grandchild 2 years ago and this now holds
BLACKROCK WORLD MINING TRUST
CITY OF LONDON IT
HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED
ISHARES GLOBAL CLEAN ENERGY UCITS ETF DIST
RIT CAPITAL PARTNERS
SCOTTISH MORTGAGE
Overall down slightly so would you add to existing holdings or diversify further?


Looking at that lot, and my first thought is: where's the MSFT, AAPL & GOOGL exposure? And while SMT does seem to have a bit of TSLA, NVDA & AMZN, if you don't have quite a lot of SMT you're going to be quite underweight (vs. global indices) those too. The whole PF looks like raging contrarian bet that global indices (and therefore investors) have it completely wrong about the tech mega-corps. It's a legitimate position, but is it really reasonable/responsible to project it onto a toddler?

And as for CTY... that's a stock for pensioners. Something like FCIT surely more appropriate for a PF that won't/can't be accessed until decades hence?

So anyway, yes it could be more diversified by adding a big slug of global tracker (or global trust like FCIT, ATST etc) in there.


Thanks Tim - now had time to look again at your suggestions and like your advice especially FCIT
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