Your questions answered Vol 2 - IM Private Clients

[anonymous-user]

Do we still have Easyjet and Melrose in other portfolio's, or is this a complete sellout?

[LastPoster]

Both in PHO

[AdamIM]

LastPoster said:

Both in PHO

Correct

[Simpo Two]

AdamIM said:

LastPoster said:

Both in PHO

Correct

So shares which were deemed worth selling in PHR are deemed worth keeping in PHO... most curious!

[PM3]

..... because they came to PHO at a much later time ( sept 21 ) and are both at loss ( -9.5 and -5.7% approx. today ) . Taking profit when its a sure thing is one matter but taking a sure loss now would probably not.

[dingg]

PM3 said:

..... because they came to PHO at a much later time ( sept 21 ) and are both at loss ( -9.5 and -5.7% approx. today ) . Taking profit when its a sure thing is one matter but taking a sure loss now would probably not.

And two stocks are riskier to hold in a fund than a bunch of stocks that include that two, I'm pleased with the call even though both stocks still look on the up :-)

[AdamIM]

dingg said:

PM3 said:

..... because they came to PHO at a much later time ( sept 21 ) and are both at loss ( -9.5 and -5.7% approx. today ) . Taking profit when its a sure thing is one matter but taking a sure loss now would probably not.

And two stocks are riskier to hold in a fund than a bunch of stocks that include that two, I'm pleased with the call even though both stocks still look on the up :-)

Exactly. Concentration risk.

[anonymous-user]

AdamIM said:

LastPoster said:

Both in PHO

Correct

Thanks for confirming, both of you.

[Mr Pointy]

Can someone from IM say when the accurate Realised Gain figures for GIA accounts are available on the dashboard? Is it a week after the end of the tax year, a month, two months? Or perhaps is it not possible to be specific.

[superlightr]

In the last few days some nice green markets for PHE and PHT.

With PHT im still struggling with Polestar being in there - feels like an anchor which I cant see getting pulled up anytime soon if ever.

I can understand the reasons for not having Tesla (Elon)which grateful for the thoughts behind (although I would) but with PHT would have thought Meta would be in there by now? or especially now with the year on price, 5 year price. Any views on adding in another or swapping Polestar out for say Meta?

Edited by superlightr on Saturday 1st April 09:51

[Simpo Two]

PM3 said:

..... because they came to PHO at a much later time ( sept 21 ) and are both at loss ( -9.5 and -5.7% approx. today ) . Taking profit when its a sure thing is one matter but taking a sure loss now would probably not.

Bingo. Thanks

[Sheepshanks]

AdamIM said:

dingg said:

PM3 said:

..... because they came to PHO at a much later time ( sept 21 ) and are both at loss ( -9.5 and -5.7% approx. today ) . Taking profit when its a sure thing is one matter but taking a sure loss now would probably not.

And two stocks are riskier to hold in a fund than a bunch of stocks that include that two, I'm pleased with the call even though both stocks still look on the up :-)

Exactly. Concentration risk.

I’m probably missing something obvious, but why - are they considered to be in the same sector, and how is a fund different to a bunch of stocks?

[PM3]

superlightr said:

In the last few days some nice green markets for PHE and PHT.

With PHT im still struggling with Polestar being in there - feels like an anchor which I cant see getting pulled up anytime soon if ever.

I can understand the reasons for not having Tesla (Elon)which grateful for the thoughts behind (although I would) but with PHT would have thought Meta would be in there by now? or especially now with the year on price, 5 year price. Any views on adding in another or swapping Polestar out for say Meta?

Edited by superlightr on Saturday 1st April 09:51

While I too ( or course ) have the PHT struggle , it has finally popped its head back up to above what I put in
On the other hand , I am pretty SURE that Polestar was removed from PHT a while ago .. waiting for correction on that !

as far as I know , this is the PHT list
Apple
MICROSOFT
NVIDIA
GOOGLE
TWILIO
ADOBE
PALO ALTO NETWORKS
KLA CORPORATION
PAYPAL
VERTEX PHARMACEUTICALS
GLOBAL PAYMENTS INC
MEDPACE


I for one glad Meta are not in there . I have enough of those idiots in my trackers . Really not sure myself on the Tesla thing

[superlightr]

PM3 said:

superlightr said:

In the last few days some nice green markets for PHE and PHT.

With PHT im still struggling with Polestar being in there - feels like an anchor which I cant see getting pulled up anytime soon if ever.

I can understand the reasons for not having Tesla (Elon)which grateful for the thoughts behind (although I would) but with PHT would have thought Meta would be in there by now? or especially now with the year on price, 5 year price. Any views on adding in another or swapping Polestar out for say Meta?

Edited by superlightr on Saturday 1st April 09:51

While I too ( or course ) have the PHT struggle , it has finally popped its head back up to above what I put in
On the other hand , I am pretty SURE that Polestar was removed from PHT a while ago .. waiting for correction on that !

as far as I know , this is the PHT list
Apple
MICROSOFT
NVIDIA
GOOGLE
TWILIO
ADOBE
PALO ALTO NETWORKS
KLA CORPORATION
PAYPAL
VERTEX PHARMACEUTICALS
GLOBAL PAYMENTS INC
MEDPACE


I for one glad Meta are not in there . I have enough of those idiots in my trackers . Really not sure myself on the Tesla thing

I hope Polestar was swapped out !

[Simpo Two]

Sheepshanks said:

I’m probably missing something obvious, but why - are they considered to be in the same sector, and how is a fund different to a bunch of stocks?

I can do one of those. Essentially a fund is a separate legal entity and has rules to follow, whilst a collection of stocks is called a portfolio and has no rules. Oversimplifying probably but you get the idea.

[chris116]

superlightr said:

PM3 said:

superlightr said:

In the last few days some nice green markets for PHE and PHT.

With PHT im still struggling with Polestar being in there - feels like an anchor which I cant see getting pulled up anytime soon if ever.

I can understand the reasons for not having Tesla (Elon)which grateful for the thoughts behind (although I would) but with PHT would have thought Meta would be in there by now? or especially now with the year on price, 5 year price. Any views on adding in another or swapping Polestar out for say Meta?

Edited by superlightr on Saturday 1st April 09:51

While I too ( or course ) have the PHT struggle , it has finally popped its head back up to above what I put in
On the other hand , I am pretty SURE that Polestar was removed from PHT a while ago .. waiting for correction on that !

as far as I know , this is the PHT list
Apple
MICROSOFT
NVIDIA
GOOGLE
TWILIO
ADOBE
PALO ALTO NETWORKS
KLA CORPORATION
PAYPAL
VERTEX PHARMACEUTICALS
GLOBAL PAYMENTS INC
MEDPACE


I for one glad Meta are not in there . I have enough of those idiots in my trackers . Really not sure myself on the Tesla thing

I hope Polestar was swapped out !

It was swapped out in August last year according to the spreadsheet below which someone on here created.

https://docs.google.com/spreadsheets/u/0/d/1OcmNBH...

[LastPoster]

Sheepshanks said:

I’m probably missing something obvious, but why - are they considered to be in the same sector, and how is a fund different to a bunch of stocks?

It’s possibly because since they are the only two stocks left so if one company fails disastrously it’s a big loss. I think PHR started with about a dozen and anyone who reinvested on each sell off has seen increased risk to both capital and previous gains as a result. Personally I sold out when it dropped to four stocks

[Sheepshanks]

LastPoster said:

It’s possibly because since they are the only two stocks left so if one company fails disastrously it’s a big loss.

Ah, thanks - that makes sense now. I was reading it that there was a difference between holding the same stocks inside and outside a fund.

[AdamIM]

Just to clarify.

A Portfolio vs Fund. We run Portfolio's which contain assets owned by the investors, each stock, which is enhanced security for the client. A Fund is an asset pooled and units are allocated. Investors own units in a Fund whereas investors in Portfolio's own the actual stocks. We are governed by very strict rules. Quite the opposite to 'no rules'.

We didn't look at Meta initially because the Portfolio was build pre Meta plummet. It was clearly oversold at some point, however the company is polarising and we decided to stay clear of a business with so many detractors and potential issues. Just like Tesla.

Meta has some great assets-Whatsapp could be super app , no question, however the company is almost in the 'Sin' group of corporates. Zuckerburg is clearly a brilliant mind but we feel there are plenty of other opportunities out there, we can't own everything so choose to not own polarising or marmite stocks.

Medpace replaced Polestar 9-10 months ago.

Edited by AdamIM on Saturday 1st April 16:38

[AdamIM]

LastPoster said:

Sheepshanks said:

I’m probably missing something obvious, but why - are they considered to be in the same sector, and how is a fund different to a bunch of stocks?

It’s possibly because since they are the only two stocks left so if one company fails disastrously it’s a big loss. I think PHR started with about a dozen and anyone who reinvested on each sell off has seen increased risk to both capital and previous gains as a result. Personally I sold out when it dropped to four stocks

Hi LP,

PHR contained 16 stocks initially and by April 21,12 had been sold off, 4 remained for a while then there were two.....

Edited by AdamIM on Saturday 1st April 17:24