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Post by GSV3MIaC on Apr 2, 2017 17:46:02 GMT
Seems like 'I will wait for another platform' is not a very meaningful response, with only 3 days left ...
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 2, 2017 21:44:47 GMT
Smith started the fund at the bottom of the market after the 1988 crash. Anyone smart enough to start at that time could not fail to do well. And anyone buying the fund in the early days has made a lot of money. But buying into the fund now has no special attraction AFAICS. Past performance is no guide etc Fundsmith has had a very strong run on the back of a concentrated defensive portfolio, particularly in consumer staples. However, with normalisation of interest rates becoming increasingly likely, I fear that high yielding defensive stocks could be hit hard and we may see a reversal of the bondification of equities if there is a steep rise in bond yields. This has led me to start re-balancing my portfolio away from defensive and into more value and cyclical orientated funds. Fundsmith was one of my core fund holdings since its launch in 2010, but I have been slowing selling down over the past month or so to reduce my exposure to defensives. Something worth thinking about before placing too many of your eggs in one basket...... We are arguably getting closer to the dreaded, inevitable "Correction", so wouldn't you want to be in Defensives in such a scenario?
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littleoldlady
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Post by littleoldlady on Apr 2, 2017 21:54:53 GMT
Maybe if you use the term "high yield" instead of "defensive" it makes more sense. Defensive stocks have done well because they are high yield in an ultra-low interest rate environment. Interest rates have only one way to go and may do so rapidly now that inflation is over the 2% target.
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littleoldlady
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Post by littleoldlady on Apr 2, 2017 21:56:30 GMT
Seems like 'I will wait for another platform' is not a very meaningful response, with only 3 days left ... I suppose those 28 have made their decision but have not come back the poll. It is still open if anyone wants to update.....
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Post by charles on Apr 3, 2017 6:31:27 GMT
Seems like 'I will wait for another platform' is not a very meaningful response, with only 3 days left ... I suppose those 28 have made their decision but have not come back the poll. It is still open if anyone wants to update..... Is it not also possible that 28 of them have made their decision but cannot update their choice because it isn't there? (e.g. Property Crowd is missing from the choices available) I appreciate the poll was started before we launched our IFISA, but in general there have been a lot of new IFISA launches in the past month alone. So as Liz suggested, I would be keen to see what the results are in 17/18, because we've had a pretty strong response so far.
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nick
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Post by nick on Apr 6, 2017 16:10:55 GMT
Fundsmith has had a very strong run on the back of a concentrated defensive portfolio, particularly in consumer staples. However, with normalisation of interest rates becoming increasingly likely, I fear that high yielding defensive stocks could be hit hard and we may see a reversal of the bondification of equities if there is a steep rise in bond yields. This has led me to start re-balancing my portfolio away from defensive and into more value and cyclical orientated funds. Fundsmith was one of my core fund holdings since its launch in 2010, but I have been slowing selling down over the past month or so to reduce my exposure to defensives. Something worth thinking about before placing too many of your eggs in one basket...... We are arguably getting closer to the dreaded, inevitable "Correction", so wouldn't you want to be in Defensives in such a scenario? My own view is that there will be a 'correction' in defensive stock valuations as bond yield rise - they have had an fantastic run as bond yields have fallen to record lows. I don't think we will see a wider equity correction for a few years. There is far too much pessimism at the moment which I think is very positive - its when everyone is optimistic and bullish that its time to worry!!<style id="pageBrightnessCustomCSS">body{zoom:85%!important;}</style>
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littleoldlady
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Post by littleoldlady on Apr 6, 2017 18:29:48 GMT
It would be interesting to re-run the poll for 17/18, assuming that all platforms manage to launch an ISA. OK I will do this if nobody else beats me to it - once all platforms have launched or at least the pace of new launches slackens.
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bigfoot12
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Post by bigfoot12 on Apr 10, 2017 17:14:42 GMT
Just done Stocks and Shares ISA for 2017/18!
Edit: changed S&S to Stocks and Shares to make clear I wasn't referring to SS
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stevio
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Post by stevio on Apr 10, 2017 18:25:16 GMT
Just done S&S for 2017/18! Read that as SS! (eg Lendy)
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bigfoot12
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Post by bigfoot12 on Apr 11, 2017 8:36:47 GMT
Just done S&S for 2017/18! Read that as SS! (eg Lendy) No Stocks and Shares.
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IFISAcava
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Post by IFISAcava on Apr 20, 2017 10:40:11 GMT
Basically my strategy is to spread old cash/liquidated S&S across several IFISAs - including going big in FS (strictly 2017-8 now) and buying at a discount on the SM.
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littleoldlady
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Post by littleoldlady on Apr 21, 2017 9:21:08 GMT
Basically my strategy is to spread old cash/liquidated S&S across several IFISAs - including going big in FS (strictly 2017-8 now) and buying at a discount on the SM. Is that even legal?
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IFISAcava
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Post by IFISAcava on Apr 21, 2017 9:24:50 GMT
Basically my strategy is to spread old cash/liquidated S&S across several IFISAs - including going big in FS (strictly 2017-8 now) and buying at a discount on the SM. Is that even legal? Of course - old years' ISAs can be transferred to as many places as will accept them
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seeingred
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Post by seeingred on Apr 21, 2017 10:57:01 GMT
Because an ISA gives tax free income it makes sense to use your ISA allowance on a platform that gives the highest returns, Lendy for example, if they ever get around to offering one, and to keep non-ISA money in lower yielding and maybe safer P2P or elsewhere (Zopa or FC for example).
The other issue to consider is how easy it is to 'transfer' (sell/buy) loans you already have in non-ISA account into a new ISA wrapper once launched.
The extreme ease of the SM on Lendy makes this a good bet. Put your existing old 12% long dated loans up for sale at a dead time and buy them back inside the ISA wrapper a half second later.
I believe HMRC don't allow a transfer. You have to sell and buy back.
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nush
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Post by nush on Apr 21, 2017 11:16:40 GMT
i dont think you are allowed to sell then re buy your own loan. 6.14a For any acquisition of investments in an ISA, the conditions that must be satisfied are as follows. (a) The investments must not be purchased from the investor, or from the investor’s spouse or civil partner. taken from www.gov.uk/government/publications/guidance-notes-for-isa-managers |
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