Some Guy.

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rgs2001uk
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Some Guy. Jun 9, 2018 22:57:46 GMT 7

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Post by rgs2001uk on Jun 9, 2018 22:57:46 GMT 7

Gave me this to look at the other day.

I will make it clear, I am not a IFA or financial wizard.

Heres what his financial wizard had suggested to him, this is a portfolio for an eight year old girl, to pay her uni fees etc in about 10 years time.

Diageo
City of London
Perpetual Income
Templer Bar
Bankers
British Empire
RIT Capital
Scottish Invest
Securities Trust of Scotland
Witan

Lets keep it simple, this is a 75k portfolio with about 7.5k per share.

I said nothing, the only advice I can think on giving the guy, is seek alternative advice.

A girl that age, doesnt need regular income, she needs capital growth, (my thoughts only).

Thoughts pls gents.

worthless scum

AyG
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Some Guy. Jun 10, 2018 6:47:04 GMT 7

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Post by AyG on Jun 10, 2018 6:47:04 GMT 7

Diageo sticks out like a sore thumb. Why is it there? Makes no sense.

After that it looks like a list of the first 9 investment trusts the author could think of. No obvious logic and a lot of overlap.

Too many investments. This makes initial purchase, reinvestment of income and rebalancing expensive. For a small portfolio like this, I think open ended funds are a better option.

One could do the job with just a couple of funds - one UK, one Global, e.g.

50% Lindsell Train UK Equity or Fundsmith Equity
50% Lindsell Train Global Equity or Artemis Global Equity Income

In both cases, buy accumulation units.

After about 5 years the funds should progressively be switched into something low risk to protect against the possibility of a market crash.

rgs2001uk Moderators Posts: 15,339 Likes: 11,271	Some Guy. Jun 11, 2018 20:56:33 GMT 7 Quote Select Post Deselect Post Link to Post Back to Top Post by rgs2001uk on Jun 11, 2018 20:56:33 GMT 7 ^^^ I agree, 3 x 25k would be much better. Why the need to use an IFA or stockbroker, just deal with the trust direct and tick the box, reinvest dididends.
	worthless scum

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Post by rgs2001uk on Jun 9, 2018 22:57:46 GMT 7

Post by AyG on Jun 10, 2018 6:47:04 GMT 7

Post by rgs2001uk on Jun 11, 2018 20:56:33 GMT 7

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