Portfolio Returns
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To August ytd
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click on image to expand
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Hi Steve, Yes, August mend and YTD
RegardsAdam
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Thanks, that makes sense
Any thoughts on the recent weeks and if the drops are just a market blip?
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Hi Mike,
Yes, after fees. The returns are based on the model portfolio's and whilst you always get some model drift(intra month) cf daily valuations, up or down it will be very close to one's actual result.
Regards
Adam
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Thanks Adam,
I perhaps should know...but don't: looking at possible tweaks to our rag-tag collection: what is the basic difference between IML for Withdrawal v IML for Income? They look like the only IML options to move part of fund to.& whilst you're on: are there any expectations for PHE, which has clearly sat in the doldrums somewhat.
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Hi Mike,
Lifestyle has two strategies, Income(Portfolio's 1 through 3) and withdrawal (t through 5). Portfolio 1 is 100% equity, 5 is 20% with the remainder in fixed income of varying types. An investor glides through the portfolio's as they approach their target retirement date. As noted Income strategy holders will not pass beyond portfolio 3 which is a 60/40 structure.
All PH portfolio's were recently rebalanced with PHE having some quite big changes around various weight compositions. A couple of holdings reached all time highs e.g., colgate so we realised a portion of that gain. The investment committee has a short list of new candidates and we will implement other changes when the time is right. The recent quarter has been favourable to PHE. Earlier in the year i recall its performance YTD was 6%. It's now > 9%
Regards
Adam
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Thanks Adam,
I should probably call (maybe Nik
️), but happy to document here for others: I am wondering broadly how one could use IML when one is already past a retirement date?Speaking as someone happy to take a relatively aggressive path (which I assume would be Income) for an extended period
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Hi Mike,
As the Income strategy stops at portfolio 3-the equivalent of an Income phase, it wouldn't matter if you are beyond retirement(Statutory) date. If you have further questions let myself/Nik know.
Regards
Adam
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Thanks Adam,
I should probably call (maybe Nik️), but happy to document here for others: I am wondering broadly how one could use IML when one is already past a retirement date?Speaking as someone happy to take a relatively aggressive path (which I assume would be Income) for an extended period
Hi Mike
It may be worth settling a call up and we can chat it through. As Adam has said the glide path for the portfolios is driven by time to vesting date, be that income or full withdrawal so you can manipulate the equity exposure by varying the investment time line.
In simple terms 10 years to vesting will take a more aggressive approach than 5 years etc.Drop me a message and we can set a call up.
Cheers
Nik
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I'm also a little confused about this. Maybe similar to Mike, retired early so it's not just about vesting date, but also the length of time for taking an income. I view it as needing some short, some medium and some longer term. I have an attitude that I can stomach more volatility with the longer term money. That would be very different from someone retiring late with a shorter life expectancy or someone expecting to buy an annuity on retirement.
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Hi Car Bon, it is possible to self select the portfolio to meet your needs. What I have described is the default position for pensions. ISA allows one to select the target date. If anyone wanted to do so with a pension wrapper please get in touch.
Regards
Adam
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Guys …just a quick note to appreciate all the work that goes into these investments…my pension just went over a nice milestone this morning …
Rachel Reeves will be thrilled if I don’t get to spend it all myself
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Hi C,
I see what you mean
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Great to hear Ron. That portfolio has been very productive. I’m very proud of it and very pleased for anyone who put their hard earned money into it.