budu
22 Mar 2018
...in today's Daily Telegraph business section. I probably will, when the new ISA season begins.
budu
22 Mar 2018
Questor says buy... ...in today's Daily Telegraph business section. I probably will, when the new ISA season begins.
PIE-EATER
24 Oct 2017
Re: Portfolio Diversification I have held this in both an SIPP and a ISA for 3 and 4 years respectively during which time it is down in capital terms by 6 and 4%. Taken on it's own, that is not great news, but we have to bear in mind a couple of other factors.1) It does invest in quite specialised holdings and is a niche type player in many ways, so is offering diversification for me both within the overall asset allocation and also the "bond" element2) That of course does not take account of the regular income.Would add to existing holdings? I am not sure to be honest because for me the question is at what point does the diversifier become the mainstream? That is not to imply it is a bad fund, more that for me I think it would alter the balance of my holdings.PE
Windlesham Don
24 Oct 2017
Re: Portfolio Diversification Casa,Many thanks for taking the time to respond. Your words and the Money Week article have been very helpful. I do not want monthly dividends for now, as I will be re-investing all dividends, so TFIF is of more interest to me.From the Money Week article the only slight alarm bell was that TFIF invests in "pools of variable-rate mortgage-backed securities and corporate loans". Mortgage-backed securities had a very bad press around the time of the financial crisis and I do not have enough knowledge of the area to know whether the TFIF holdings in this area are low risk.I may dip my toe in the water, to diversify the high yield portion of my portfolio, as I don't want to be carrying my current amount of cash.Once again, thanks for your views.
casabanker
23 Oct 2017
Re: Portfolio Diversification Hello Windlesham,There was a write-up in Money Week, Issue 866 last week done by Max King headed "Dull is good in income investing. It featured TFIF and SMIF as they are "closed" investment trusts as opposed to open ended Companies and do not have to sell assets to meet redemptions. To quote King, " This makes investment trusts a very attractive way to invest in illiquid assetsbecause so many investors can't or won't hold them. They are generally cheap". TFIF is the Twenty Four Income Fune paying a quarterly dividend equating to about 5.8% annually and SMIF which I have held for at least two years, is the Select Monthly Income Fund paying a monthly dividend equating to about 6%. These funds do not invest in high risk securities but in complex and illiquid ones which private investors and wealth managers mostly avoid. Pooling these investments into a fund reduces the risk and adds the expertise of a specialist fund manager.Both funds look to be good long term holds for income but don't expect much in the way of capital growth.I also hold another fund operated by Twenty Four and that is United Kingdom Mortgage - UKML - paying a quarterly dividend equating to about 6% annually. I hope this helps.Casa.
Windlesham Don
02 Oct 2017
Portfolio Diversification Expecting tumbleweed, but just in case anyone is holding this fund, is there a view on how risky it is?I'm looking to maintain income, why dispersing risk around sectors and this fund looks like it may fit the bill.Any thoughts welcome...WD@@@@@@@
