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Thread: BeeBop does UK

  1. #61
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    Totally agree Beebop. I use ETFs for my core part of a portfolio and Investment Trusts as the satellite component. Fees are dropping for ITs. Look at SMT around .4% for an actively managed fund. with superb performance. I use to hold F&C but I would rather hold something like the SP500 ETF which is very diversified and can out perform most active managers. Most ETFs via smartshares have fees around 0.5% quite expensive. I hold the Nasdaq in my kiwisaver via Craigs.

  2. #62
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    Another interested reader. . .

    The UK Investment Trusts! I'd forgotten about them! Yes, these are well worth looking into again!

    Since I'm a lazy sod, is there any decent "selection tool" for them - something along the lines of the Internaxx ETF Selector and Fund Selector tools - which lumps the entire universe into a database and lets you select by geography, asset class, category, currency, etc.

    Or is it more a case of identify the individual companies and then plough through each companies' selection of funds to see what they have?

    As far as Infrastructure goes, it's a fairly small universe, and it seeems to me that most of the Infrastructure ETFs are variations on the same set of 20 to 30-odd companies for their major holdings.
    Last edited by GTM 3442; 29-04-2019 at 10:57 PM.

  3. #63
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    GTM

    Yes, there are selection tools. As I am only looking at the UK for them, I use the following tools and mix them up a bit depending on the finer detail I want:

    (1) Trustnet.com

    This is my primary search tool. I find the ranks easier to use. Of course, you need to set for IT's. At one point when I was building my BIG list of five funds, I looked at toplevel performances vs yield vs normality (discount or premium) and took points at 3 months 1 yr, 3 yrs and 10 yrs to see how the funds performed through the courses. I also take careful note of the manager e.g. Alexander Darwell for my Jupiter European Fund.

    (2) Morningstar.co.uk

    This is my second favorite as I can see the funds regular performance vs its norm discount vs premium. I also like the articles on this site

    (3) theaic.co.uk

    This one is fine, I use it sometimes

    To add in, I also like citywire.co.uk for articles on ITs

    Infrastructure: yes, I agree somewhat BUT I did find my recent iShares Blackrock ETF had Australia included and was a bit different to the standard Vanguard offering. The UK is also offering a few ITs for infrastructure e.g. HICL and IPP...but I am hesitant with the UK due to the possibility of a labour government and Corbyn's bright idea to bring them all in-house. I was also alarmed at how some of the school buildings were being managed....it kind of went against my ethics (I only found out about it via a Panorama documentary).

    I am also including a video on SMT here....for those that don't know about it: this is worth watching: https://www.bailliegifford.com/en/uk...&related=false

    On the same site there is a good one covering Monks: even if you are not interested in investing in it, the set-up they describe it really worth keeping in mind for personal share investment. I am sort of keeping it in mind with my selections.

    Cheers
    BeeBop

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    Thanks BeeBop.

    Strange - I use Morningstar Australia and Morningstar US, but it never occurred to me that there would be a Morningstar UK. It's strange, the blind spots that you find you have.

    Baillie Gifford look an interesting crowd.

    Cheers and thanks

  5. #65
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    purchasing UK ITs is not simple unless you do this through a full broker which I have done. Previously I use to go direct to the investment trust and purchase through their savings schemes. This, unfortunately starts to get messy and complicated. As I get older I want to keep things simple. There are a few on the NZ stock exchange. Buying overseas stocks is not easy using discount brokers from NZ.

  6. #66
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    Quote Originally Posted by voltage View Post
    purchasing UK ITs is not simple unless you do this through a full broker which I have done. Previously I use to go direct to the investment trust and purchase through their savings schemes. This, unfortunately starts to get messy and complicated. As I get older I want to keep things simple. There are a few on the NZ stock exchange. Buying overseas stocks is not easy using discount brokers from NZ.
    Yes, using NZ brokers is not ideal at all for this type of investment. But it can be easy.

    I did it when I lived in NZ after I had opened an international broking account. I have successfully used www.internaxx.com (GTM does also, I believe) since 2003. Things may have changed but as long as you hold less than 50k, the investment is tax free, over 50k then you pay 5% on value gain over that.

    It it takes time to set it up but is well worth doing as you will have access to international markets and around 15 currency accounts (including the AUD).

    i have used this as my main global brokerage but when I am dealing with NZ shares, I use a NZ discount broker.

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    Fully agree with BeeBop about Internaxx. Access to a multi-currency account, and to all the markets I'm interested in (EXCEPT New Zealand).

    I'm not sure what the setup process is these days - almost certain to be more difficult than when I did it - but they are internationally focused on the expat market, so it will be as painless as AML regulations allow.

    I use them mainly for ETFS, with the occasional foray into individual shares. They've certainly opened my eyes about what's available in the ETF space - the granularity is mind-boggling.
    Last edited by GTM 3442; 30-04-2019 at 03:43 PM.

  8. #68
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    Quote Originally Posted by BeeBop View Post
    Yes, using NZ brokers is not ideal at all for this type of investment. But it can be easy.

    Things may have changed but as long as you hold less than 50k, the investment is tax free, over 50k then you pay 5% on value gain over that.

    It is the purchase cost that has to be below $50,000. If the investment increases above then it doesn't matter.

  9. #69
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    Quote Originally Posted by 777 View Post
    It is the purchase cost that has to be below $50,000. If the investment increases above then it doesn't matter.
    Superb especially if you have many years ahead of you.

  10. #70
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    Voltage

    With respect to SMT....This article has recently popped up and may be of interest to you: https://www.moneyobserver.com/invest...er-group-award

    And another chat site (that I shadow) had some recent discussion on SMT: https://www.lemonfool.co.uk/viewtopic.php?f=54&t=17419

    Cheers,
    BeeBop

  11. #71
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    Quote Originally Posted by GTM 3442 View Post
    Fully agree with BeeBop about Internaxx. Access to a multi-currency account, and to all the markets I'm interested in (EXCEPT New Zealand).
    Interactive Brokers is also very good with share costs typically being US$1-2 a trade. If trading the ASX if is typically AU$6 a trade. There is a minimum charge of US$10 per month if you hold less than US$100,000 cash or shares with any trading costs included within this US$12.

  12. #72
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    A good trading price....I haven't heard any negatives about IB which is a good thing.

  13. #73
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    Now that I am about to enjoy my summer in the Southern NZ winter; it is time for another update on my UK investing and hasn’t it been a volatile month or two!

    SO far, I am up, again, but I expect the growth folio will continue to swing a little up and down. My good performers have been Alexander Darwell’s Jupiter European Opportunites (JEO) and Monks Investment Trust (MNKS). For JEO, the “little hassle” over Germany’s Wirecard (WDI) fraud accusation has gone away returning the fund to near its previous highs. The fund is quite concentrated and is dominated by WDI at around 16% so I do watch what is going on with WDI. Added to JEO, MNKS has been great. In fact, its performance now exceeds that of its big brother Scottish Mortgage Fund over 1 and 3 years (I think). I selected MNKS because I really liked its increased diversification and its careful balance in four key areas allowing a global balance and as it is my largest holding (fees now 0.5%); care was necessary because I don’t like negative returns very much.

    On the other side, the education allocation of the folio, I have found that there is effectively near zero growth. Maybe, I should be thankful that it isn’t negative! Anyways, to deal with the fact that I believe I have selected some great income trusts and shares that will soon compound nicely, I bit the bullet and am putting the dividends into a lightly leveraged small cap fund called the Acorn Income Fund (AIF). It pays 5.3% and is made up of smaller cap UK companies, the leverage seems complicated to me but it does swing quite “nicely” both up and down. We shall see no doubt! And over time, things should be fine.

    And of course, my single conviction stock (Trifast) produced a solidly boring annual update on Tuesday. At 16% of the growth folio, I am happy with this especially as the dividend is continually increasing, although the cover has reduced to around 2.4x (from 3x). Nuts and bolts seem to be popular at the moment and the company is growing gently taking into account its global footprint.

    On a side note, I am thankful that I ignored advice and recommendations to buy into Woodford’s managed fund. The number of people who have told me he was a guru turned me off the fund. Personally, I found him a tad arrogant and he reminds me of characters I saw in my corporate years; he lacks humility. But I don’t like OEICs as it takes me too close to the GFC, I would rather a closed-end fund that has a good degree of liquidity.

    I doubt that I will add any significant purchases this year to the UK folio. As the USD/NZD exchange rate is quite in my favour, I will push some cash down south for the next wee while and maybe take a wee holiday from shares. If there was any way I had the self-control, I would leave it all alone and “go bush” for a while and let it do its thing. Does going down to Stewart Island count as going bush?

    Must get my life sorted out now as I hop onto my last leg of flights to NZ. I had the pleasure of enjoying a row of seats to myself last night in front of a deportee from the UK being escorted to Dhaka (there were five escorts and one medic). Needless to say, he wasn’t a happy Chappy and had a narrow vocabulary consisting of Mother F c k r on repeat. Having had a 20 hour stopover, I am ready for my ultra long haul night flight. I thank whoever it was that invented noise cancelling headphones.
    Last edited by BeeBop; 13-06-2019 at 10:18 AM.

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