Intelligent Money - your investment questions answered

[renmure]

Phooey said:

Ok gotcha! To be honest I've not been following all the individual stocks so didn't realise next had seen a 30% gain. Well done. It must be all the lingerie I keep buying myself.

[Simpo Two]

JulianPH said:

Next is up c. 30% and we had an initial target of 50% with this stock.

So given round two of the lock down then when it goes past 40% we may just take the gains and come out.

The dilemma I'd have if I was fund manager is whether to (a) sell to cash and leave it sitting there doing nothing, or (b) sell to cash and reinvest in the next opportunity (assuming there are any).

[Burwood]

Simpo Two said:

JulianPH said:

Next is up c. 30% and we had an initial target of 50% with this stock.

So given round two of the lock down then when it goes past 40% we may just take the gains and come out.

The dilemma I'd have if I was fund manager is whether to (a) sell to cash and leave it sitting there doing nothing, or (b) sell to cash and reinvest in the next opportunity (assuming there are any).

It will be in cash in your ‘cash’ section to reinvest as you see fit

[Simpo Two]

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

That needs effort! And JPH & Co would probably do a better job of deciding where to reinvest than me...

(a) PHR auto-encash (b) PHR auto-reinvest? I guess that would be like Income and Growth...

[YoucancallmeAl]

JulianPH said:

YoucancallmeAl said:

Hi,

I've a fair size pot that I ought to do something with, sadly it's inheritance from my parents passing quite recently and my head isn't around it all yet.

Not sure where to start - have an old PPP, current workplace pension, IHT planning is needed (am single, young adult son, house, etc) and I think I need to follow in my parents footsteps of investing. PBs and ISA full, gifted son some. Am early 50s.

Is this something IM could help with?

Thank you.

Hi Al

So sorry to hear that you have lost both of your parents recently.

You need to get your head around this first and we wil always be here to help you with the financial planning (including any estate work required), at no charge.

So yes, we can certainly help you, we just won't (and can't) try to sell you anything.

Please contact Nik ([e-mail]) or PM me.

Cheers

Julian

Thanks Julian, I've sent you a PM.

[Catnip64]

JulianPH said:

Hi Steve

I am puzzled to you seeing a 10% drop yesterday, it was actually up on the day.

We had our Investment Committee Meeting this morning, going over many things (a move to larger short dated bonds and slightly more Emerging Markets exposure with IM Optimum) and the potential need to hedge Sterling during the US elections and the outcome of Brexit).

PHE will remain unchanged (though will be rebalanced as always) and we are getting close to our first exit point with PHR (Next).

Please give me a PH (or contact Nik or Coops) on this: [e-mail] and [e-mail] for further info.

Cheers

Julian

Thanks Julian, I've sent Nik a mail and asked him to check out the numbers.

[Simpo Two]

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

The downside of that, I've just realised, assuming you wanted to reinvest in PHR, is that you'd be buying back in (if it works) at a significantly higher price.

[JulianPH]

Simpo Two said:

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

That needs effort! And JPH & Co would probably do a better job of deciding where to reinvest than me...

(a) PHR auto-encash (b) PHR auto-reinvest? I guess that would be like Income and Growth...

Hi John, Burword is correct.

We will move each holding into cash when it reaches its target than you have the option to:

1) Put it back in to the rest of the PHR portfolio, where it will be distributed amongst the remaining stocks, or;

2) Put into another portfolio of your choice.

Of course you can always just withdraw this cash, assuming it is not in a pension you cannot yet access.

Cheers

Julian

[JulianPH]

Phooey said:

Ok gotcha! To be honest I've not been following all the individual stocks so didn't realise next had seen a 30% gain. Well done. It must be all the lingerie I keep buying myself.

Has Mrs Phooey found out about this yet!

[JulianPH]

YoucancallmeAl said:

Thanks Julian, I've sent you a PM.

No problem, I sent you an email back last night (10:16pm if you need to search for it).

Cheers

Julian

[JulianPH]

Catnip64 said:

Thanks Julian, I've sent Nik a mail and asked him to check out the numbers.

Great, Nik will be able to go over everything with you. He is also on the investment committee so is always up to date with any direction we may be moving anything on each investment.

[JulianPH]

Simpo Two said:

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

The downside of that, I've just realised, assuming you wanted to reinvest in PHR, is that you'd be buying back in (if it works) at a significantly higher price.

The opposite. You will, by definition, be taking a large profit from the highest performing stocks and reinvesting this in the ones that are still to recover to their pre CV19 levels.

Most PHers I have spoken to want to take the profits and move them into PHE though!

[edition]

Hi,

I have a small (26k current value) pension from my previous employer this is with Prudential. My current employer pension is with Scottish Widows and I'm wondering if I should move the 26k across.

Please could someone advise if there are any pitfalls to doing this? I have received really poor service by Pru recently due to various computer upgrades they have been doing.

Many thanks in advance.

[mikeiow]

edition said:

Hi,

I have a small (26k current value) pension from my previous employer this is with Prudential. My current employer pension is with Scottish Widows and I'm wondering if I should move the 26k across.

Please could someone advise if there are any pitfalls to doing this? I have received really poor service by Pru recently due to various computer upgrades they have been doing.

Many thanks in advance.

Sounds like it is a DC pot (not DB). If you can confirm that, the next question is whether there are any 'guaranteed benefits' that you might lose from any switch.
I've moved a few DC pots to my main work one. Pretty straightforward, and even easier if both schemes use "Origo Options" for such processes.

When you say "poor service by Pru recently due to various computer upgrades" - I assume that has just perhaps been response times to questions? The real question is how the pot has been performing!!

[JulianPH]

edition said:

Hi,

I have a small (26k current value) pension from my previous employer this is with Prudential. My current employer pension is with Scottish Widows and I'm wondering if I should move the 26k across.

Please could someone advise if there are any pitfalls to doing this? I have received really poor service by Pru recently due to various computer upgrades they have been doing.

Many thanks in advance.

Hi edition

Mike has provided an excellent and spot on answer (cheers Mike!).

Please feel free to contact Nik ([e-mail]) or PM me and we can go over everything with you.

Cheers

Julian

[droopsnoot]

JulianPH said:

We will move each holding into cash when it reaches its target than you have the option to:

1) Put it back in to the rest of the PHR portfolio, where it will be distributed amongst the remaining stocks, or;

2) Put into another portfolio of your choice.

Is there a way to pre-select this, or is it a case that you will notify people when something has cashed out and we need to sign in to choose what to do with the cash? I suspect option 2 means that it will need to be the latter.

(Apologies if this is something I can see for myself on the site - I'm trying to only login once a month, and we're not quite at the right time yet.)

[Rick101]

JulianPH said:

Next is up c. 30% and we had an initial target of 50% with this stock.

So given round two of the lock down then when it goes past 40% we may just take the gains and come out.

A 30% return over 3 months is not exactly bad!

Sounds good but I'm not really seeing it? Wondering if that's due to joining at the wrong time but I'm fairly sure it was the first weekend it went up either the Friday or the Monday.

In fact the helpful graph tracker shows Mon 6th July. I'm still down from that point and have been for the last couple of weeks.
It did rise earlier in the month but I'm a little less that I started with at present.

Happy that is long term but the comment about the 30% on one stock confused me somewhat, or is it the case some of the others have lost some so offsets the overall??

[i4got]

Rick101 said:

Sounds good but I'm not really seeing it? Wondering if that's due to joining at the wrong time but I'm fairly sure it was the first weekend it went up either the Friday or the Monday.

In fact the helpful graph tracker shows Mon 6th July. I'm still down from that point and have been for the last couple of weeks.
It did rise earlier in the month but I'm a little less that I started with at present.

Happy that is long term but the comment about the 30% on one stock confused me somewhat, or is it the case some of the others have lost some so offsets the overall??

I think around half the stocks are up. Easyjet and Taylor Wimpey are two of the biggest fallers.

[PorkInsider]

Simpo Two said:

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

The downside of that, I've just realised, assuming you wanted to reinvest in PHR, is that you'd be buying back in (if it works) at a significantly higher price.

The other thing to bear in mind would be that if proceeds from the stocks which hit their target were reinvested in remaining PHR stocks you would, by default, end up with all your investment and the profits in the worst performing stock, eventually.

[S6PNJ]

PorkInsider said:

Simpo Two said:

Burwood said:

It will be in cash in your ‘cash’ section to reinvest as you see fit

The downside of that, I've just realised, assuming you wanted to reinvest in PHR, is that you'd be buying back in (if it works) at a significantly higher price.

The other thing to bear in mind would be that if proceeds from the stocks which hit their target were reinvested in remaining PHR stocks you would, by default, end up with all your investment and the profits in the worst performing slowest recovering stock, eventually.

Fixed that for you.