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When I first joined IM back in 2020 PHE was like the poster child, it had been what PHT is now, I invested in it, but it had seemed to have lost the umph, so I sold it in May 2024. I do still hold about £12.60 (dividends that came in), and it just seems to fluctuate up and down around that figure, my brother has stayed invested in PHE even though back then I suggested he moved it, only last week he was moaning that it wasn't doing well. I simply reminded him that I'd suggested he move his funds when I did, and that he should do it now.
Whilst the individual portfolio's are managed, at the end of the day we managed what makes up our portfolio's and if we're not happy with how something is doing we have the option of moving it around, and hoping it goes in the correct direction.
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Adam
Re "Equity is pretty much in line with Fundsmith. It's always been highly correlated."
My decision is already made
But what Fundsmith ate you using as a comparator?
According to google fundsmith equity has given a 0.8% return over the last 12 months
According to my spread sheet phe is down a whopping 26.6% over the same time frame.
Either your using a different comparison, my spreadsheets buggered or something else is awry.
Tia
G
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Grant,
I wasn't attempting to persuade you one way or the other. It's your choice, as always. And yes your figures are wrong. Perhaps your excel file hasn't taken into account the withdrawals you have made
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Afternoon Adam
Thanks for the clarification, you nailed it, I forgot to subtract my annual withdrawal, wot a muppet, too many beers last night.Ps I know you weren't trying to persuade me one way or the other, it's outside your remit.
Cheers again and enjoy your weekend
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Adam
Re "Equity is pretty much in line with Fundsmith. It's always been highly correlated."
My decision is already made
But what Fundsmith ate you using as a comparator?
According to google fundsmith equity has given a 0.8% return over the last 12 months
According to my spread sheet phe is down a whopping 26.6% over the same time frame.
Either your using a different comparison, my spreadsheets buggered or something else is awry.
Tia
G
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Netflix split their stock 10:1 last week. The custodian processed the changes 2 days later so if you are looking at the graph you will see a sharp drop and rebound due to the timing.
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Any thoughts if it's worth soldiering on with PHE which is my worst performer over 5 years across a number of funds, I note Nik mentioned last year it was to be looked at. I understand it's 'buy and hold' but a low cost tracker would have produced significantly better returns.
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If your not happy with it change it, I've got little money in the defensive fund which I think is relatively low risk and has paid about 8% in 2025 which I'm happy with as a low risk option.
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Anyone who holds a portfolio and has questions can contact either myself and or Nik. Many have. Discussions around suitability are very individual specific due to goals, age, risk appetite and time to retirement/time to draw down.
