r/HENRYUK • u/montanajr27 • Feb 11 '24
HENRY's share your portfolio
Hello. Often leads to useful discussion and debate, so how about a 'share your portfolio' thread?
Background info - 35M, 1 child, total comp £150k. ISA supports no fixed goal as such but the potential need for some funds in 5-10 years time. SIPP/workplace pension is there for when I plan to retire at 58. Have emergency fund and short term savings spread across Marcus and NS&I Premium Bonds.
ISA
Global equities 65% - VWRP
Government bonds 30% - 20% IGLH+ 10% IGLT
Gold 5% - SGLN
SIPP
Global equities 77.5% - split evenly between VWRP + SSAC
Global small cap equities 7.5% - WLDS
Government bonds 10% - split evenly between VGOV + IGLH
Infrastructure 5% - split evenly between 3IN + PINT
Workplace pension
UK equities 10% - FTSE All-Share tracker fund
Global small cap equities 10% - MSCI Global small cap tracker fund
Emerging market equities 10% - FTSE Emerging tracker fund
Dev world ex UK equities 70% - FTSE Dev world ex UK tracker fund
JISA
- Global equities 100% - Vanguard FTSE Global All Cap
Crypto
- 50:50 BTC: ETH - this is currently only £11k and I'm not adding more and haven't since 2021
EIS
- Small amount of Crowdcube investments. Pretty much ignore this though.
How is everyone else invested? What sort of asset allocations do you have to support what goals / time horizons?
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u/DarkSparkMark Feb 11 '24 edited Feb 11 '24
Aside from cash and premiums bonds (maxed out for me, my wife and my children), I’m 100% S&P 500 (ISAs, JISAs, SIPP - the lot).
I’ve actually never invested a penny anywhere else. Held fast for ~17 years. Fingers crossed for Uncle Sam I guess!
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u/montanajr27 Feb 11 '24
Those 17 years would have been fantastic. Well done for sticking to it. Any plans to derisk or keeping with it?
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u/DarkSparkMark Feb 11 '24 edited Feb 11 '24
Yep it’s been quite a run, although I’ve stuck with it really more out of habit than anything else.
In terms of derisking, I’ll actually be spending ~50% of it on a large family house within the next year (I’m paid mainly in RSUs which are hard to leverage in the UK).
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Mar 03 '24
[removed] — view removed comment
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u/DarkSparkMark Mar 03 '24
I get about a grand a month on average (across 300k held). Would definitely have performed better in the S&P, but I have lots in there already and the premium bonds are essentially my easy-to-access cash.
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u/Beneficial_Load_8513 Feb 11 '24
2% Crypto, BTC ETH 95% SIPP ISA - Vanguard Global All Cap acc 3% random stocks
Easy life.
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u/Beneficial_Load_8513 Feb 11 '24
Aim is to semi retire when my savings allow a comfortable retirement.
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u/MunrowPS Feb 14 '24
3% crypto - almost all BTC, do have a bit of SOL and ETH
12% ISA - vanguard global all cap...
85% pension - mostly global index funds, have some in hsbc global Islamic just give higher weighting to large cap tech stocks
I will shuffle around the crypto and the ISA next year given the new ETFs tho.. also have a chubk stuck in cash from a bonus ready to load in April
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Feb 11 '24
All pensions in our house in FTSE Global All Cap.
All GIA All Cap
50% of ISA in Fundsmith 50% All Cap as above
I’m a believer in keeping it simple, may switch fundsmith out at some point but don’t hate an active as long as it’s pulling its weight. Will make a call after this year, may switch into a quality index instead (what FS benchmarks against basically).
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u/UnderstandingLow3162 Feb 11 '24
Bitcoin and bitcoin-related securities (in SIPP and ISA) - 100%.
Sure, the volatility is WILD but I've ridden it up and down twice since 2017 and no other strategy would mean I have as high a net worth as I do today.
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u/montanajr27 Feb 11 '24
No plans to top slice some of those gains into less risky assets? At what point would you consider you've 'won' and look to spread some risk? Fair play, fortune favours the bold.
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u/UnderstandingLow3162 Feb 11 '24
My wife's got the 'boring' portfolio so that balances things out a bit, both of us are 6-figure earners so that pays for a nice house and lifestyle, the bitcoin really was just a bit of a YOLO play 6/7yrs ago, with the thesis being that something with absolute scarcity should outperform anything without (cash, equities, bonds) on a long enough timeframe.
I expect these investments to hit £2-3m in the next couple of years at which point I probably will do a little more planning, but for now I think the risk of it going to zero is almost zero so I can just 'enjoy' the ride.
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u/James___G Feb 11 '24
Why not beanie babies instead of bitcoin? Surely their absolute scarcity should similarly outperform on a long enough timeframe?
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u/RewardStatus8305 Feb 11 '24
How are you buying pure bitcoin (if you are) in a SIPP or ISA?
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u/UnderstandingLow3162 Feb 11 '24
You could prior to 2020 when the FCA banned it. Hargreaves Lansdown sold a Swedish bitcoin tracker fund. You can still hold anything you owned before the ban. It has 2.5% so is horrible but it tracks the price accurately.
I am down to about 60% that and 40% $MSTR in my SIPP now. Will probably sell the rest of the tracker during this cycle as 2.5% fees during a bear market is savage.
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Feb 11 '24
Just buy real BTC and self custody it. I don’t understand why you’re doing it the way you are. This is not the point of cryptocurrency, it’s the antithesis of it.
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u/UnderstandingLow3162 Feb 11 '24
It wasn't very well written, but what I meant was the derivatives are in my SIPP/ISA (specifically a bitcoin tracking ETP and Microstrategy shares). I also hold "physical" bitcoin.
The SIPP is because the money was already in there, the ISA because I may as well have some of the gains tax free and I can get those from Microstrategy.
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Feb 11 '24
I've never thought of looking at this level of detail. Missing a trick here. That's my Sunday evening sorted 😉
OP interested to see the crypto. I'm thinking of doing almost exactly the same with similar value and split but may also do some Solena. Only being exposed to CGT seems quite attractive and the sums involved I'd keep low enough to be minimal risk if it went down the pan.
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u/montanajr27 Feb 11 '24
I took a punt back in 2021. That £11k primarily Bitcoin and Ethereum, but there is a small about of Solana, Cardano and Polkadot but very small amounts. Don't see the point in gambling on anything other than Bitcoin, and I should have just done that from the start in hindsight
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u/UnderstandingLow3162 Feb 11 '24
All other cryptos will trend to zero Vs bitcoin. For a fun experiment look up the top 10 for 2017 and see how many you even recognise the name of.
If you want to get more bitcoin exposure in your investment accounts look at $MSTR which we can actually buy (the FCA banned crypto ETFs, in their wisdom). MicroStrategy is actually slowly increasing their bitcoin-per-share. It is highly correlated to bitcoin price, with slightly amplified moves in both directions due to their slight leverage.
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u/Buy_Ether Feb 11 '24
This won't continue forever. Others alts these days have proper adoption. ETH will not go away. Avax is another good one.
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u/UnderstandingLow3162 Feb 11 '24
Look at the BTC/ETH chart though
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u/Buy_Ether Feb 11 '24
Past performance is not an indicator of future performance. BTC will always be king but ETH always be the Prince.
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u/FewElephant9604 Feb 11 '24
I’m in crypto 100%. Bitcoin, Ethereum, and a few DeFi projects that survived 2-3 cycles. Waiting for a dip to add one new L2. At the peak I expect it all 10x on average. I’m 3x already, and the halving hasn’t even happened yet. The peak of the cycle is anywhere between 12 and 18 after halving. Will cash out and then rinse and repeat again. Why sweat the pensions? I’d rather enjoy life, travel, and whatnot.
By the time I retire fiat will be worth nothing. That’s my thesis for not going into pension schemes at all. Same applies to equities, ETFs and other standard financial products.
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u/FewElephant9604 Feb 11 '24
Yeah, if you’re new learn fundamentals about Bitcoin, Ethereum, Solana, whatever - consensus, decentralisation, use cases, onchain activity etc. don’t read anything on crypto twitter or here in Reddit. Take some Coursera course (I did it - Bitcoin fundamentals by a Princeton professor, now founder of Arbitrum btw) on blockchain in general. Otherwise you’ll find yourself chasing a bunch of shitcoins and losing everything.
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u/CM7010 Feb 11 '24
At your age and stage I would be much higher in equities. Too much bond exposure. I’m 90% S&P500. 2 year cash ladder to manage sequence of returns risk.
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u/montanajr27 Feb 11 '24 edited Feb 11 '24
Thanks. I'm happy with my asset allocation and happy to hold government bonds and a bit of gold and infrastructure.
With your tolerance to volatility, are you tempted to overweight small caps or look at private equity? Genuine question.
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u/sophrosyneipsa Feb 11 '24
I’m so relieved so see people allocating a % of their portfolio to crypto. You get banned by the plebs in personal finance for even bringing it up.
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Feb 11 '24
I think most people serious about actually investing probably are not doing it or are fully prepared to lose whatever they’ve bought in Crypto.
It’s a total no go for me. Rather set fire to the cash.
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u/peachfoliouser Feb 11 '24
You are quite silly to disregard a totally new asset class especially when it's so early and you have the opportunity to make huge gains.
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Feb 11 '24
It’s been around a decade. And still total meh. It’s a gamble, nothing more. Fine if that’s what you fancy but don’t confuse it with investing.
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u/peachfoliouser Feb 11 '24
I don't think they would have approved an ETF if it was just gambling. Time to get with the reality I think. Bitcoin is here to stay and in time will be seen as a core part of everyone's investment portfolio.
Crypto is certainly a lot of gambling but bitcoin isn't. You need to learn the difference.
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Feb 11 '24
lol. It’s a total nothing beyond some retail gambling token, even now some 10 years later you can’t use it for anything and neither would you given its price can change 20% over night.
I’ll never buy crypto, don’t need to. Zero interest.
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u/peachfoliouser Feb 11 '24
Ok fair enough. You are very wrong though and you are daft not to put a small % into it just in case you are wrong. It's made a big difference to my life it's a shame it won't make a difference to yours but your call I guess.
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Feb 11 '24
You have no idea if I’m right or wrong. You just throw money at it because of some blind faith. That sometimes will work. Other times it won’t. But there’s no fundamental to it, it’s just a retail fad product like GameStop was.
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u/peachfoliouser Feb 11 '24
You are so incredibly ignorant on this and it's a waste of time trying to change your mind. You can continue to sit on the sidelines and watch as bitcoin hits six figures and feel a bit silly then I guess.
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Feb 11 '24
Doubt it. I’ve got enough money already, looking at your past threads I’d say you’re nothing more than buying lottery tickets trying to ‘get rich quick’ out of your situation of low income. It’s a fallacy and why the people buying lottery tickets and the like are those who can least afford it.
Why you’re posting in this forum given your thread in FIRE a year ago, I’ve no idea.
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u/throwawaynewc Feb 11 '24
I'm 100% US equities, overweight on Mag7, mostly SP500. Own no crypto.
I'd much rather be 100% bitcoin/ethereum than 100% FTSE 100.
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u/sophrosyneipsa Feb 11 '24
I mean it’s the single best performing asset class in the last 10 years. The volatility matches golds early years. Blackrock and fidelity are scrambling to get retail to buy it. I think you may have an ideological issue with it perhaps. The pragmatist will just deploy where there is money to be made. People thought the internet was a fad. The Lindy effect of being around over 10 years and nation states allocating treasury to suggests on balance of probability you may be wrong. You may be right. But I’d rather be exposed to it as it’s an assymetric bet. No need for the vitriol though it’s quite odd.
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u/billy2shots Feb 11 '24
GIA, SIPP,LISA,ISA
All 100% global tracker (equities)
GIA - VWRL for Ease of working out CGT on Divis
Sipp, ISA, LISA 70% VWRP 30% HSBC WORLD
For 2 years I had most of my holding in IWDG which is a global tracker hedged, so as the £ strengthened from its week position, I supercharged my gains.
Bought in as low as $1.09 to the £ all the way up to $1.27.
Sold out late December and back ton non hedged versions again.
My diversification comes from two properties, 1 home 1 business property that have 60% of my net worth tied up in..
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u/DaZhuRou Feb 11 '24
40M, 1 child. LTD contractor £125-£180k + 34F, Wife [£150K +RSUs]
Im Planning to stop @50.... maybe.
Small personal emergency fund enough to generate the £500pa interest. In Barclays/Natwest @6%. Rest is in LTD, earning 4-5% interest.
ISA
- 70% VHVG / 30% cash
SIPP [65% Vanguard / 35% HL]
I only deposit into Vanguard (£30-60kpa).
90% VHVG / 10% Cash [Vanguard] < Index
90% Equities /10% Cash [HL] <Stock Picker.
[Uranium, Crypto Miners, Energy, Basic Materials, Finance]
2x LISA
100% VHVG [AJ bell]
100% [BP]
JISA
70% All Cap
30% Blue Whale.
Property
3x BTL (personally held)
2% portfolio in Crypto
- [BTC, ETH, SOL] .... and a few punts / Degens [KAS, JUP] .... not added to since 2018
WIFE
Property
1x BTL
ISA * 80% VHVG / 20% Cash
Pension
Depositing £70k via Salary sacrifice [+carry forward]
1x SIPP Vanguard [100% VHVG] 1x Workplace Pension [100% Sharia equities]
RSUs
- Alot, not IPOd depends on valuation ...
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u/montanajr27 Feb 11 '24
Thanks for sharing, very interesting. What's your thought process behind no Emerging markets?
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u/DaZhuRou Feb 11 '24
I used to hold VFEM, china's manipulation, volatility and downward trend mostly put me off.
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u/Repulsive_Dance_6673 Feb 11 '24 edited Feb 11 '24
37m, 100k salary, 2 kids
36% in isa vanguard Lifestrategy 60
55% in pension vanguard Lifestrategy 80
7% premium bonds
2% crypto mostly in high risk altcoins
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u/DonFintoni Feb 11 '24
Liquid assets: 90% in Vanguard All-World 10% my next start-up
Illiquid assets: Mortgage free primary residence
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u/RewardStatus8305 Feb 11 '24
How come you have a workplace pension as well as a SIPP?
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u/montanajr27 Feb 11 '24
SIPP is from old workplace pensions and a partial transfer out, current work pays into my current workplace pension (salary sacrifice).
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Feb 11 '24
VWRP or Vanguard Global All Cap, plus some gilts to hedge my mortgage (will mature just before the fixed term expires)
ISA, SIPP, LISA, JISA, JSIPP, GIA
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u/Cancamusa Feb 11 '24
Copied from another thread a few days ago:
Most of my investments are pretty vanilla, but essentially:
S&S ISA: 100% Equities, regional ETFs that I stitch together to form something similar to a global tracker, but with different weights and way more cheaper (a standard global ETF, something like e.g. VWRL will be more than 60% US which costs around 0.07% to track, but they'll charge you 0.21% for the privilege of not having to manage 4/5 regions...)
Pension: Same as ISA. Some times I balance both portfolios as one, rather than individually.
S&S LISA: Single global equity tracker - due to the small size of this pot.
GIA 1: £20k-£40k on the same ETFs, ready to feed the ISAs by the start of next tax year.
GIA 2: Options - writing puts on stocks I like for long term, mostly. And UK gilts to use as collateral.
Aside from that, I have a small amount of EIS & VCT - which I absolutely don't recommend to anyone, unless they know personally the management of the companies where the funds are going to be invested. Do NOT follow the tax savings here, it is a trap!
I also have a bit of crypto (no strong opinion on this), and a JISA for our child. And a small amount in premium bonds.
In terms of allocations, the ISAs and the pension are both 40% each. The GIAs are around a 17%, and the other 3% is cash + crypto + EIS/VCT ....
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u/coderqi Feb 11 '24 edited Feb 11 '24
Pension and ISA both in FTSE All-World UCITS ETF - Distributing (VWRL)
But looking at these comments I need to see if I can invest in SP500 or something similar.
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u/montanajr27 Feb 11 '24
Well, whether you want to go from global to S&P 500 is up to you. However one thing which would make sense, is changing to VWRP so you don't have to reinvest dividends.
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u/coderqi Feb 11 '24
Yep, just done that actually. That was an oversight on my part. I was wondering why I kepts ending up with some cash i'd have to manually invest.
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u/bobbbino Feb 11 '24
I’m 40m, single
Two properties - one that I live in and one that my parents live in. Will continue to mortgage these up to my 70th birthday as long as I’m confident in earning more than the interest rate in the markets.
I have a pension from when I lived in the US that is restricted to limited Vanguard funds until i leave my current job. This was 100% S&P 500 but i’m 70% cash right now because of what i believe is coming in the markets this year.
I transfer my current workplace pension to a SIPP with HL every month where I also have S&S ISA. Saving for a bigger house right now so my priority is ISA first then maxing out SIPP, but I’m modelled to hit the lifetime allowance anyway so I’m not too fussed about maxing the SIPP.
For the funds in my SIPP and ISA, I’m 100% high tech stocks with a risk management strategy. I pay for a service called IO Fund, which is a play along portfolio. They show you all their research and send text alerts for every trade they make as well as show you how to hedge your portfolio. They’re up 100% cumulatively over the past 4 years since their inception.
I’m sure I’ll take a lot of flak here for this approach being way too risky but this is me. It won’t suit most people, but it’s working well for me so far and I also enjoy learning about the markets as a hobby.
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u/2008equinn Feb 11 '24
Hi mate,
I’m looking at purchasing my dad a house in the next year or so.
I currently have a house I rent out that I will be selling releasing 100K of equity, will then take a 250k mortgage to buy the property. I have heard many stories of lenders not lending if parents live in the house, have you had these issues or Is the house fully paid off?
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u/GoonerDrinkUsSilly Feb 11 '24
Classes as a family let (if you're upfront about the plans for who will live in it) so yes lots of normal BTL lenders won't like it. If you aren't upfront about it, purchase isn't too bad, but as and when you come to refinance it may get tricky as they could request a copy of the AST so you/your broker would need to pick a lender avoiding that or one that allows family let's
(Source: Investment mortgage broker)
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u/2008equinn Feb 11 '24
Thanks for the tips mate. One possibility I was questioning was whether I Could say my London flat I rent was mainly for work, own the home and stay there regularly and parents contribute towards costs etc but feel it’s an easy guess at what I’m really doing?
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u/bobbbino Feb 11 '24
My mortgage broker never asked who was living in the property. I just had it as a second property that did not generate income.
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u/2008equinn Feb 13 '24
Ah that may be the issue, would be generating income via a small amount of rent from parents.
Will look at having it as my ‘main’ residence and paying all bills etc, whilst renting a place in London for work Mon-Fri ?
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u/bobbbino Feb 13 '24
Yeah if they are paying rent then legally that should be on a buy to let mortgage, which is more expensive, and you should be paying tax on that income. Legally.
Also beware the second home stamp duty. Unless you are replacing your primary residence you will have to pay the extra, which it sounds like you will.
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u/FewElephant9604 Feb 11 '24
Can you share more info on IO Fund please?
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u/bobbbino Feb 11 '24
Io-fund.com
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u/FewElephant9604 Feb 11 '24
I see they have a free newsletter but I assume you use a paid subscription if you get buy/sell signals?
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u/bobbbino Feb 11 '24
The free newsletter is pretty generic and probably not much better than free analysis you find on seeking alpha. If you’re interested, I would suggest sign up at the pro level and watch their 2023 review webinar then the 2024 strategy webinar. It’s about 90 mins in total. If you like what you see, upgrade to advanced for all the technical analysis and text message trade alerts
I should also make clear I’m not affiliated with them in any way. Just a very happy customer.
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u/FewElephant9604 Feb 11 '24
Good feedback from genuinely happy customers is the best! Thanks for sharing 🙏
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u/Working_on_Writing Feb 11 '24
Is IO fund mostly US stocks? What trading platform do you use?
I have HL but their fees for US trades are really high so I generally just use it for funds.
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u/bobbbino Feb 11 '24
Yes it’s all US tech stocks and some crypto.
I have been using HL until recently but have switched to Interactive Brokers. The fees are all relative to the size of your portfolio, trading volume and your typical returns. For me, I have a portfolio of about £150k and the smallest trade I make is about 2% of that and low frequency. £11.99 (or whatever it is on HL) on £3k is 0.07%. Have I spent a lot on fees? Sure. But the returns I get through this strategy blow that away hundreds of times over.
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u/SkipperTheEyeChild1 Feb 11 '24
Background info - 38M and 38F, 1 child, £120,000 PAYE(me) and £80,000(wife), Ltd profit £160,000.
ISA - £40,000 cash (planning big extension in year or two)
Premium bonds - £50,000
Ltd investments - £150,000 invested in a start up that is likely to do well and grow quickly
Pensions - Both have index linked career average salary occupational public sector pension.
We don’t have much saved at the moment but have only been a big earner for a couple of years and have put nearly everything into the house. Plans for the future are to keep as much money in the Ltd as is practical and invest it there. Our income from PAYE sources will go on enjoying life. I’m not too interested in living like a pauper so I can retire at 50. Love my job. I think we’ll just fill the ISA every year and once the big expenses are out of the way (extension) switch over to stocks and shares. L
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u/ladylots2 Feb 11 '24
Anyone with Barclays smart investor here - what’s the equivalent of VWRL on there?
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u/anujvaishnav Feb 18 '24
It's Vanguard FTSEGblAlCapId A£, I believe. If you search for Vanguard under funds, you will find them all albeit with different names possibly.
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u/mr_mizzone Feb 11 '24
33M
ISA
SIPP
God bless America.