Resisting the instinct to tinker?

[xeny]

bhstewie said:

I think you have to pay for the overlap check, least with MorningStar.

Free I think http://tools.morningstar.co.uk/uk/xray/editholding...

then select holding overlap

I'll observe LS 60 when it makes up 1/5 of the portfolio leaves you with 8% bonds, which to me feels neither here nor there - it's not going to buy much less volatility, nor impact returns much, I'd either go with no bonds(long time horizon, relaxed about volatility) or more bonds.

[bitchstewie]

Thanks, had a tinker with allocations and with a 50% LS60 and 12.5% equally in the rest there isn't a lot of direct overlap but I guess that tool won't look inside the Vanguard funds that make up the LS60.

I've still got Lars Kroijer's book to read which will reinforce that playing it passively is statistically the safest so I do think the portfolio I'm modelling will stay just that, a model.

Got your PM by the way and fully understand

[theboss]

Jon - I don’t tend to participate in these threads but personally find your posts very insightful, so thanks for sharing.

[sidicks]

theboss said:

Jon - I don’t tend to participate in these threads but personally find your posts very insightful, so thanks for sharing.

Out of interest, in what way?

He's not giving much away about his assets - certainly nothing about diversification or risk.

And his claims about beating the market are meaningless, given he isn't using an appropriate benchmark to measure against.

The good advice he does offer is to invest for the long-term and not try and tinker too much. That's it!

Edited by sidicks on Saturday 20th January 13:18