Harry, I know you are aware of my competing thread in the "stocks" category that attempts to combine investment managers chosen principles to find winners that could combine with your rationale for indervidual stocks.

This could include expanding into the US-listed Japanese stocks. I know Japan has been poor but all the big institutions and asset managers have a positive view on Japan going forward as having strong fundamentals and low valuations.

Thanks Johan, I've had another look at the thread and dropped a note there about the potential value of Whale Wisdom data in case you haven't come across it yet.

Thank you also for the Japanese list which I have looked through. I initially liked Canon for the Quality / Momentum reading on Stockopedia but then glanced across and feel the current momentum with Canon is more of a bounceback from a poor 2020?

I now prefer steady, continuous, high earnings growth and so you will see me selling some of my old favourites as my mindset changes over time .........

Cheers

Harry

LP - thanks for the question, here are my figures for 2021 year to date:

SIPP 16.7% annualised
ISA 14.4% annualised
GIA 17.7% annualised

I'm holding generally around 20% - 25% in cash, bonds and gold on average. As this is quite high I prefer to target myself on my ability to stay in investments beating Vanguard World ETF (VWRL). Post 56 on page 3 of this thread from about a month ago gives more detail on this if you are interested.

I have the least amount of cash (as a %) in my GIA which is one reason why it is slightly outperforming. I generally hold similar levels of collective investments in each account but there are more marked differences in individual stocks. For example most of my US stocks are in my SIPP and most of my UK ones are in my ISA. This is preferential from a tax perspective. Also, there are fewer UK stocks in my GIA as I don't want to pay the income tax on divis.

My target is to make VWRL plus 3% per annum on my portfolios as a whole. The 3% is what I need to make investing a worthwhile hobby compared to holding VWRL alone and doing something else!

I hope this answers your question?

Cheers

Harry

Thanks Harry.,
VWRL is up 24% on 1 year. Is it going to be possible to outperform VWRL when you hold 20-25% in cash like holdings?

I can be holding 20-25% cash at any one time so that is a drag on my overall performance too. However, my overall annual target is a lot less so I tend to get away with it.

Hi LP, thanks again for the question which is part answered in my reply to Mr GL above.

Also, please bear in mind that the figures I gave were for year to date rather than 1 year (as requested) but I do agree that VWRL plus 3% will be hard to beat with a 20%-25% cash allocation. Currently more cash since I sold Diageo and closed out my swing trades in Apple and Microsoft, not yet replaced.

And this is partly why I came up with the metric that I describe in post 56 on page 3, this is a more motivating and fair assessment of my investments to my mind.

Note that VWRL plus 3% per annum is a target (stretch target?) for each portfolio, I’m not hitting that yet in all portfolios partly because of cash etc but also because of underperforming investments. For every SMT there is a Unilever ………..

These questions are one of the reasons why I enjoy doing this thread, so thank you.

Cheers

Harry