Beebop continues on the UK listed equities run. To clarify though, these are trusts and shares listed on the LSE and purchased with GBP. I have not taken exchange rate gains into account (if I had, then the folio would be up quite a bit more). But as my GBP has been purchased for UK spending, exchange rate gains are irrelevant.


As I am on “holiday” in the North Atlantic Ocean, I have decided to review the folio, read my investment sources, and dissect in detail. The net result is an adjustment. Previously I was becoming cautious and hoarding cash in a 0% GBP off-shore account but this was growing, as we save a bit too much, so I have decided to create two folios: the first is a conservative, wealth protection, income folio to pay for outlandish UK public school fees and the second is my growth folio (the interesting one).


The conservative is high on cash but I have added the Lloyds shares to it and intend buying more as they pay a circa 6.5% dividend with considerable upside value available once the market sees their strength (as I hope they do once I have finished adding shares). I will also add a listed trust such as Ruffer (RICA) and/or Royal Dutch Shell. My aim here is to get exposure to the global markets via active management as my timeframe is three to five years. If I were looking to a much longer time horizon, I would go for a global tracker ETF but I am not looking looooong so active management and direct dividend paying shares should be okay.


The second growth folio is essentially my main one and it continues to do very well. Rather than becoming predicative of the impending crash that I have been preparing for since 2013, I have decided to ride some momentum themes. Namely buying into Japan via the Bailley Gifford Shin Nippon (BGS) listed trust (I like Bailley Gifford because their Monks Trust has a good strategy and performance behind it so I think their management is great). My second new momentum play is also regional as I have entered Europe via Jupiter European Opportunites (JEO). Within their Top 10 holdings they have a few shares that I was looking to buy but decided that Jupiter would do a better job than me. Overall my winners are still winning (Trifast, Monks,), my absolute disaster is recovering (Bonmarche), and my income stocks are paying me enough to feed and grow the conservative portfolio. I also note that the folio is about 25% weighted in technology based equities (grouped as information technology, new healthcare technology, and robotics/automation). As for older technology, my Trifast holding represents about 12% of the folio and it is literally boring old nuts and bolts with an exquisite logistics system and has now doubled in value. I like this folio very much.


If there is a crash, I will be hit hard in the growth folio but this won’t really affect much else (enough other assets spread around other places include properties) and I will still be able to cover school fees. But I can assure you, I will be upset, very very upset because I don’t like loosing very much.