Ok folks, so this is the moment you have all be waiting for, to see how things are going?!
The month has ended, and so it’s time to take stock of the performance across all of my holdings, and compare it to the usual index of choice. This enables me to see how I am doing. I calculate this by taking the value of the portfolio at the end of last month, add on any contributions for the month, and that was my starting value. End value is the value at the end of the reporting period. Simples 🙂 (I will one day learn how to put smiley faces in wordpress, but give me time!)
So without further ado, below is the overall performance of each of my various portfolios.
|Company Pension||-2.83%||0%||No income generated as all funds are in growth or reinvested.|
|Personal Pension||-1.60%||0%||No income generated as all funds are in growth or reinvested.|
|ISA 1||-1.71%||0%||No income generated as all funds are in growth or reinvested|
|ISA 2||-2.46%||0.17%||The performance does not include the income that was paid out into my account.|
|ISA 3||-4.22%||0%||Although dividends are paid out, they remain in the ISA wrapper, and will get reinvested for growth. The performance figure includes both the Capital growth, and also income received which will get reinvested. I do keep a graph demonstrating the contributions vs. Portfolio value over time, the question is would people be interested in seeing this? Not great, but that’s what you get with volatility|
|ISA 4||N/A||N/A||N/A – not yet set up, so will only start from the new tax year|
|FTSE-100||-2.45%||This excludes any dividends|
|FTSE-250||0.01%||This excludes any dividends|
|FTSE-All||-2.01%||This excludes any dividends|
|S&P 500||3.65%||This excludes any dividends|
|Dow Jones||5.71%||This excludes any dividends|
So what does all of this tell us, apart from I have too much time on my hands to fill out the various spreadsheets? Well, it isn’t the start I would like for the blog, seems like its all doom and gloom here! I am actually not that disheartened by it all to be honest – so far this year overall I am doing ok – and remember folks, 1 month is nothing in the journey to FI – if anything it means I will buy things slightly cheaper the next month, the question will be how it pans out over the coming years. If I had bought a FTSE-100 tracker I would only have been better off than my personal portfolio, and my company pension. Well, nothing I can do about the company pension as they don’t offer any tracker funds, so only a slight under performance, but then given that the company puts in more than I do, I guess I am still up. On my managed ISA side, yes its disappointing. But if I look back and compare this for the tax year, it’s been a highly volatile time. Seems when the market drops I take a slightly heavier hit, but when it goes up I do very well indeed.
You will have to wait until the end of this tax year to see the overall performance!
Company Pension: This consists of a number of actively managed funds – I don’t have any choice of trackers etc, but I will take the matching, that will more than cover the fees, and I will just live with it.
Personal Pension: This is managed by my FA and contains Actively Managed funds. I continue to contribute each month and the contribution is included in the performance – before my FA has taken their cut (e.g. if I put in £100, and they charged me £5, so only £95 went into the account, I would still class that as £100).
ISA 1: This is also managed by my FA, but no new contributions went in (nor planned).
ISA 2: This is also managed by my FA, however its slightly more complicated than that. There are 3 sub portfolios within, each of which have funds added each month, but each portfolio has different levels of contribution, different investment strategies and different targets. This means that the performance is a little trickier to compare given that I also take out one of the sub portfolios dividends rather than reinvest them. There is also between a 3 and 6 month time delay between new contributions and when the funds pay out, depending on the fund and where it is in the dividend cycle.
ISA 3: This is the ISA I manage myself, trying to time the market. The last contributions added to it will be this tax year, 2016 – 2017 until some of my other ISAs have grown to a similar size. All dividends will continue to be reinvested once they get to a sensible level to make the cost of dealing worthwhile. As the cash is included in my overall total it is included in overall performance, hence not separated out
ISA 4: This will be the Go T’ Pub ISA that is being held for now for reference, but will start from the new tax year in 2017 – 2018