Harry

Has it been wise to be underweight equities bearing mind many good rises and clearly underrated sectors and areas.

Could there be a flaw in your method. I have been 100% equities based on reading my crystal ball.

Presume you can look at past performance and see where you were right and wrong…maybe something we can all learn by.

Also how do you choose your timing which as we know can make a difference between profit or loss.

Many thanksBB

LP / Jay P

No problem, here are my top 30 holdings as at 30/09/24 (I consolidate monthly) together with line by line comparative holdings as at 31/12/23



Cash is up because as at 30/09/24 I hadn't yet allocated all of the proceeds of the 07/09/24 Gilt that matured. I've gone with a good slug of ERNS in October and some other ideas.

I'm continuing to increase the duration on non equities with things like CVCG / SMIF / NCYF (in the top 30 now) and several others below the top 30

I've made a conscious effort to increase yield which has risen from 2.7% at 31/12/23 to 3.4% now

I'm still pretty wedded to my 50% : 50% asset allocation due to the sequence of return issue, though this eases in my mind with every passing month.

Happy to answer any questions as ever, thanks for the interest

Cheers

Harry

In case it needs saying, my previous post was a mickey take

Appreciate the "Thank" Big Boy

Copying this over from the thread "Underperformance" by way of part explanation for my posts this week

Good morning Big Boy

Thanks for your post

The initial premise of this thread was to share my progress actively picking individual stocks including sharing all my transactions month by month. I did ok but, long story short, realized that my success was pure luck.

The thread has now evolved and shares my journey managing the family investments and the methodology of the financial model that I have built. Together with an explanation of the asset allocation we have chosen and are comfortable with - for now.

Something that you say to posters like me who challenge your approach is “you appear to have all the answers” and you do it in your post above - “maybe you know better”. You say this all the time to others too.

I was going to get snarky as I have been known to do and say that I haven’t presented a “system” or made any claims of an edge. Not this time, I think that would not be entirely honest.

You see I do have a pitch for forum members, particular the less well oriented ones. I do believe that for the vast majority of investors, a simple passive strategy and some thought on asset allocation gets you ahead of most and will likely get you home too.

And I have “promoted” Buffett’s widow strategy. Whilst I’m not 90:10 today, health permitting we may get there one day.

Rob Berger says it far better than I ever could. For anyone with 20 minutes to spare, this is my all-time favourite investing video:

Warren Buffett Portfolio - 2 Index Funds To Rule Them All

I hope you will forgive me for sharing it one last time. To me its message is timeless and worthy of consideration at least.

And with that all being said I think this thread has run its course now.

Thank you to all who have shown their appreciation for the updates. I have really appreciated it.

Cheers

Harry

“My method was proven as a Professional but can never be replicated as a private investor for many reasons.

I did however discover many tricks of the trade and I have tried to share these with Members as clearly it's a struggle for many on here and I learned to keep it simple and different

I do hope we can continue to share our thoughts without some of the stupidity that arises on here.”

You’re last line is impossible when it is preceded with the above!