Good to hear from you. It's been a while since we talked...
Just to be clear I don't have a concentrated Oily portfolio as you suggest. You may have picked that up in a contribution from somebody else. I do own RDSB though and TLW but the rest of my portfolio is split between funds in Fidelity, funds in HL and a variety of mainly blue chip shares held in Barclays. Everything is in ISAs (and PEPS - I go back that far!).
Fidelity is fine for funds - especially their own - but I don't actually like their site very much as e.g. if you want to sell or switch a fund you first have to find it by KNOWING which ISA or PEP year you invested it in. How stupid is that!
I like HL site very much but already have a lot invested in there and think I need to spread risk as it is above the protected level. They are also extremely well informed - the member of staff who answers the phone can usually answer the question comprehensively.
So what I want is a nice, well laid out, site which can properly show daily movements (Barclays has just started doing that in the new site but incredibly zeros the figure at weekends instead of showing the Friday movement. How dumb is that?). Sorry - don't get me started on a rant about them or I'll be here all night - but I have written to their Director tonight threatening to move the entire portfolio (and the missus's) away. He is actually promising to call me....
It would be nice to have linked accounts again to be able to administer both our portfolios on a single login. We used to have that...
I also just want simple dividend payouts automatically direct to my bank account.
Some posters have suggested ii which I have used as a virtual portfolio site for many years and I am certainly looking at that possibility but it seems I would have to create an ISA account to get a look at the platform and I'm not sure that I want to do that in case it compromises my ISA status. It would be nice if they would take email enquiries from a non-customer but they don't.
So just a simple, easy to use, platform doing the basics well. That's it!
As long as they traded on a div yield of 6.50%, buying in their own shares would have made sense, scrip was doing the opposite. Even at today's close (£24.50-ish) four dividends of 36 pence gives a yield of 5.9%. They surely could borrow money more cheaply than that, so why pay equity if debt is cheaper? Which may be why analysts didn't like the scrip plan.
Share price should improve from here, imo, and bring the dividend yield down. Oil price permitting, of course.
I guess that you've, and all have, read Shell's announcement today. Investment in new technologies increasing to between $1 and $2 billion - I think it was. Btw, I wonder why they chose $60; do they believe that that's where we're going to be at this coming year - as a minimum. Just 2 days before OPEC's expected announcement.
Wonder what the effect will be on energy suppliers of the charging stations.
Seen today on the Daily Telegraph website. Is this really new or the result of 'lazy' journalism and really recycled information?
Royal Dutch Shell has accelerated its drive into the electric vehicle market by teaming up with Europe's fastest charging network.
The collaboration with Ionity, which is backed by major carmakers, will roll out across 80 of Shells biggest European petrol stations to allow drivers of the latest generation of electric cars to charge up in as little as five to 10 minutes.
The Ionity joint venture was formed in recent weeks by BMW, Daimler, Ford and Volkswagen with Audi and Porsche to create a network of 350kW chargers next to major highways in Europe.
The group has already clinched a deal with Austrian oil company OMV, rest stop operator Tank and convenience store chain Circle K in its bid to extend a high-power charging network across 50pc of all petrol stations by the end of the decade.
"A 'Dogs' portfolio run by our sister website Money Observer is having a diamond 2017: over the first nine months of the year, it's produced a sparkling 9% return from share price alone, and 14.4% with dividends included, compared to 5.4% and 9% ..."
Been reading this thread with interest as contemplating a transfer of my Missus's small ISA .
As well as checking out the terms/costs of departing from your existing provider, it may well pay to ask your prospective alternative[s] what sweeteners they offer.
Sometimes they offer substantial gifts of cash or will compensate for some/all the costs of transfer [important if you want to shift across existing holdings rather than cash them first.].
Your money is their future fees after all.
Note you are now a low frequency trading investor; also that your holdings are very concentrated in BP + Shell.
I use 2 providers: TD - now ii - and Fidelity - and OK with them.
Use TD for active portfolios [ISA+Broker which feeds £20kpa into ISA].
Can invest in just about anything in TD trading a/c and a lot in the ISA.
Fidelity ISA+SIPP portfolio is much more passive; hold funds/ITs there. I do buy/sell, preferably by switching, a fair bit though.
[The platform is now offering many funds, ITs, ETFs, Shares; changes going through.]
As I ' trade' [re-balance] frequently in TD, commissions are less than £6/trade.
However, there is NO SWITCHING facility, something which is a HUGE advantage in Fidelity.
I don't auto-invest dividends so can't comment on that - sorry. Tend to use cash to buy dips.
Fidelity offers FREE switching of funds. [There is sometimes a small service fee for selling certain assets.] No damage due to bid-offer spreads; can sell/buy very cheaply in small as well as large amounts. Buys are reliably, fully discounted too; i.e. buy at virtually the sell price; not so in TD,
Just mentioning as you may, at some juncture, consider re-investing out of what seems an extremely concentrated investment asset pool in big oilers, into much more diversified assets.
Appreciate the BP/RDSB dividend stream is very high and not easily matched.
Still, loads of income funds / Investment Trusts to choose from; some of the latter haven't cut a dividend in 35 years.
Take Merchants, it's grown its dividend every year for over 50 years and currently about 5.2%, which ain't shabby + low fees.
[Good old HFEL yields ~5.7% [latest divi] and as Jersey Reg. there's NO stamp duty; great for trading in TD. Accept that as Far East fund there is currency risk/opportunity]]
Not that I'm pushing either of these in particular; just indicative.
"FRANKFURT (Reuters) - The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles (EVs), Germanys largest industry association BDI warned.
The risk of running into bottlenecks in raw material supply is increasing because demand is growing faster than production capacity, Matthias Wachter, head of security and raw materials at the BDI was quoted as saying by Sunday paper Welt am Sonntag.
Without sufficient supplies for instance of cobalt, graphite, lithium or manganese there wont be any future technology made in Germany, he added.
Demand for these materials is expected to soar as carmakers rush to embrace EVs in response to governments around the world cracking down on pollution.
German carmaker Volkswagen (VOWG_p.DE) said it is pushing to secure long-term supply contracts to avoid material shortages as it aims to invest 34 billion euros (30.42 billion pounds) in battery-powered cars by 2022 to challenge Tesla (TSLA.O).
Daimlers DAIGN.DE Mercedes brand plans to offer an electric version of every model it sells by 2022, while rival BMW (BMWG.DE), a pioneer in electric cars with its i3 model, has vowed to achieve mass production by 2025 with 12 fully electric models.
Recycling companies such as Belgiums Umicore (UMI.BR) or U.S. group Retriev Technologies are preparing to extract metals from old batteries so they can capitalise on an expected shortfall in materials."
You can do an ISA transfer from one provider to another without affecting your annual limit. There may be a charge for each line of stock, but if you sell first and transfer as cash there should be no charge to do this.
You just have to follow the "ISA Transfer" procedure, i.e. place the request via the provider you are moving to.
"Far too much in there to take out as cash and reinvest I'm afraid, due to annual ISA limits."
Nice position to be in... but you could still do what PM suggested ie. not re-invest (if you actually want to try another cheaper/better platform) and move £20k (whatever the limit becomes) each tax year .
Having too much money don't stop you doing that.... you could open a new stock ISA with a different platform each year if you wanted (not that I suggest you should).
>Personally, Id leave things as is and just open an additional ISA if the intention is to make further contributions
As I'm retired I am not looking to make significant further investments so a new ISA probably isn't really beneficial. I invest for the long term, mainly for income nowadays with a little bit of growth.
But I will check with Barc what their exit fees are if I decide to jump ship.
which said that the Norwegian Sovereign Wealth fund owns about 2.3% of Shell A and 1.7% of BP. Not insignificant I understand. I guess Statoil investors must be worried as they have a 67% stake there. But I also read that they havent decided whether to go ahead with this yet and if they do then nothing will happen till mid 2019 at the earliest.
I really cant imagine that they would do this in anything but a managed and measured way and probably with the input of the various companies. Lets face it with oil above $60 these companies must be highly profitable and BP has just announced a buyback that could spend up to £10Bn, a sum not dissimilar in size to the Norwegian holding.
So personally I suspect that this wont be a big deal. Well not as bad as oil at $30 or a Macondo like disaster anyway. But as always I could be wrong....
The original quote was in fact "which now represent 6%, or ~$37B, of the funds benchmark EQUITY index", which indicates that the 6% figure relates to the equity section, not the fixed interest (i.e. bond) section or the total fund.
The Reports available indicate that the total fund is invested 35.3% in fixed interest, 62.2% in equities and 2.5% in Real Estate.
Bowman, I am not having a dig at you and I did not need to look at the link.I merely pointed out that the three figures used cannot all be correct.Any 2 can be correct but not 3. if $1 tn and 6% are correct it should be $60 bn, if 6% and 37Bn are correct it should be $617bn If $1 tn and 37bn are correct it should be 3.7%. Cheers, Baz
I just tried to use the hyperlink I posted. This did not take me to the correct point directly as I thought it would. If one opens the page I showed, one has to click on the "Reports" icon at the bottom left of the page. This opens a selection where one can choose the section required and then how the data are presented. I used the "Total holdings sorted by industry" spreadsheet option to get the data I quoted.
If one divides the quoted $37bn by 6% this indicates the size of the equity portion to be about $617bn.
Bowman,I appreciate that if you extrapolate the above figures it comes to $617bn
But the original quote was $1000 bn 6% and 37bn.Omaha man says i am financially illiterate.I need educated. Cheers Baz
Norways $1T sovereign wealth fund - the world's largest - is proposing to dump its holdings in oil and gas stocks, including Exxon Mobil (NYSE:XOM), Royal Dutch Shell (RDS.A, RDS.B) and Statoil (NYSE:STO), saying the country would be less vulnerable to a drop in oil prices by not being invested in stocks of companies in the industry.
If accepted by the finance ministry and adopted by parliament, the fund would over time divest billions of dollars from oil and gas stocks, which now represent 6%, or ~$37B, of the funds benchmark equity index.
The fund is among the largest investors in several big oil companies, holding year-end 2016 stakes of 2.3% in Shell, 1.7% of BP, 1.7% of Eni (NYSE:E), 1.6% of Total (NYSE:TOT), 0.9% of Chevron (NYSE:CVX) and 0.8% of XOM,
I too have found ii to be excellent, never had a dividend paid late as far as I know, in any case how would I know and a day or even two late on the odd investment is hardly the end of the world. Their website etc I find excellent, but am concerned about the future change of platform to TD Waterhouse. They have confirmed to me that historical records will effectively be lost - which I think is very bad but typical of such situations. I have faced it before elsewhere with one of my SIPPs and is why I actually keep a set of parrallel records in a personal finance package with 10 years worth of data showing the rate of return I have achieved on each account or each individual investment, which is very illuminating.
One point which no-one has mentioned is that ii is very willing to move cash from my own accounts to my wife's providing we both send an email, and particularly useful move investments from my trading account to my wife's or vica versa for no cost and no stamp duty so we can both max out on the annual CGT allowance.
or, as you switch holdings in Barclays, take the cash out rather than re-invest, and re-invest in new provider (limits etc being ok)......what one member of our family currently doing with 2 different providers
Royal Dutch Shell said on Monday that following strong demand from institutional investors, it has now agreed to sell its entire holding in Woodside Petroleum.
The oil giant said earlier in the day that it had agreed to sell 71.6m shares in Woodside to two investment banks, cuttings its holding to 4.8%.
However, it announced later that a total of 111.8m shares were agreed to be sold, representing subsidiary Shell Energy Holdings Australia Limiteds entire interest in Woodside, for total pre-tax proceeds of $2.8bn. Completion of the sale is expected on Tuesday, with settlement on Thursday.
Chief financial officer Jessica Uhl said earlier: This sale is another step towards the completion of our three-year $30bn divestment programme, which is an important part of our strategy to reshape Shell, to deliver a world class investment case, and to strengthen our financial framework. Proceeds from the sale will contribute to reducing our net debt.
"LONDON (Reuters) - OPEC raised its forecast on Monday for demand for its oil in 2018 and said its deal with other producers to cut output was reducing excess oil in storage, potentially pushing the global market into a larger deficit next year.
The Organization of the Petroleum Exporting Countries also said in a monthly report it had cut its estimate of 2018 supply from non-OPEC producers and said oil use would grow faster than previously thought due to a stronger-than-expected world economy.
The global economic growth dynamic has continued its broad-based and relatively strong momentum, OPEC said. The ongoing momentum could still provide some slight upside potential.
OPEC said the world would need 33.42 million barrels per day (bpd) of OPEC crude next year, up 360,000 bpd from its previous forecast and marking the fourth consecutive monthly increase in the projection from its first estimate made in July.
The report is OPECs last before a Nov. 30 meeting in which the group and its allies are expected to extend their supply-cutting deal further into next year. The projections pointing to a growing 2018 supply deficit could influence debate on how long to maintain the curbs.
Oil prices LCOc1, which are close to their highest since 2015, rose further towards $64 a barrel after the report was issued. Crude is still about half its level of mid-2014, when a build-up of excess supply led to a price collapse.
The 14-country producer group said its oil output in October, as assessed by secondary sources, was below the 2018 demand forecast at 32.59 million bpd, a drop of about 150,000 bpd from September.
The reports OPEC production figures mean compliance with the supply cut by the 11 members with output targets has risen above 100 percent from 98 percent initially reported in September, according to a Reuters calculation.
The high conformity levels of participating OPEC and non-OPEC producing countries ... have clearly played a key role in supporting stability in the oil market and placing it on a more sustainable path, the report said.
In a further sign supply excess is easing, OPEC said inventories in developed economies declined by 23.6 million barrels in September to 2.985 billion barrels, 154 million barrels above the five-year average.
The excess overhang has fallen considerably, said OPEC, which aims to reduce stocks to the five-year average through the supply-curbing deal.
Stronger demand has given tailwind to the supply cut, in which OPEC plus Russia and nine other non-OPEC producers are reducing output by about 1.8 million bpd until March 2018.
OPEC now expects oil demand to rise by 1.51 million bpd next year, up 130,000 bpd from previously, to 98.45 million bpd. World economic growth is seen accelerating to 3.7 percent, up from 3.5 percent in the previous forecast.
And in another forecast moving in OPECs favour, the report lowered its estimate of supply growth from non-OPEC countries next year. It now sees a rise of 870,000 bpd, down 70,000 bpd from the previous forecast. OPEC cited downward adjustments to Mexico and Norway for the revision.
OPEC and its allies are discussing extending their supply pact for as long as nine months, officials have said ahead of the Nov. 30 meeting in Vienna.
Doing so could lead to a sizeable supply shortfall next year. Should OPEC keep pumping at Octobers level and other things remain equal, the market could move into a deficit of about 830,000 bpd next year, the report indicates.
Last months report pointed to a smaller deficit of about 310,000 bpd"
Well I really think someone should speak up for Interactive Investor - and since no-one else has, then I'll give it a go.
First, why do I think I can offer a useful opinion: I've been trading shares since the 80s, I joined iii in the late 90s. Have been actively using Interactive investor for the past decade as my primary platform. I use their ISA, Trading and SIPP accounts and administer both my and my wife's holdings. I've occasionally looked at other platforms, but have always decided to stay with Interactive investor. My portfolio currently consists of 35 different investments - mostly single company equities (Including 4 REITS) with a few ITs, UTs and ETFs.
Overall I'm pretty happy with Interactive Investor.
The costs are at the lower end of the range and especially for larger portfolios - where the fee is a flat rate, rather than % based - definitely better.
Interactive Investor also offer a full range of investment choices. Some of the other platforms are somewhat selective in what you can invest in. Fine if you just want FTSE 350 and a range of platform selected funds - but I want more. So far there hasn't been an investment that I've wanted, that I've not been able to get from Interactive Investor.
DRIP is cheap and flexible (you can select which investments you want to reinvest dividends and which you don't) Paying your dividends into your bank account costs nothing and is flexible (again, for each investment, if you are not DRIPing, you can select that the dividend either accumulates as cash in your account or is paid out to your bank account).
With cash that accumulates in your account - you can either choose to pay out to your bank account, ad-hoc (no charge), or you use it to buy further investments - if you do this using the regular investment feature, dealing costs are £1.50 a trade.
Any trading commission that you owe comes out of the platform fee credit, before you actually pay further money for trading.
I have had occasional niggles with Interactive Investor. But to date, all have been resolved.
I've seen a couple of comments on dividends being late. In October and November, this is what I've seen:
Phoenix Group: Due Mon 2nd Oct; Received Mon 2nd Oct
Admiral: Due Tue 10th Oct; Received Tue 10th Oct
GSK: Due Thur 12th Oct; Received Thur 12th Oct
Standard Life Aberdeen: Due Wed 18th Oct; Received Wed 18th Oct
Hansteen Holdings: Due Fri 27th Oct; Received Mon 30th Oct
John Laing Inf: Due Tue 31st Oct; Received Thur 2nd Nov
Smith (DS): Due Wed 1st Nov; Received Thur 2nd Nov
Redde: Due Thur 2nd Nov; Received Fri 3rd Nov
British Land: Due 10th Nov; Received 10th Nov
So I accept it's a small sample size, but it's 9 dividends. 5 on time, 3 the next working day, 1 two days later.
I don't know if this is typical - but my perception is most divs come in on the day I'm expecting with a third coming the day after. To see one two days late is unusual.
Personally, a day or two late is not a big deal.
Like the original poster, my investments are my retirement plan. For tax efficiency of income, I've been building up the majority of my holding in my wife's and my ISAs, which will provide a decent tax free income.
Overall, I'm satisfied with Interactive Investor in providing a platform that allows me to do this with the right level of flexibility at a competitive price.
To transfer away from Barc used to cost £30 per fund/share plus an ISA account closure fee of £60... best to check whether those fees have altered recently.
Personally, Id leave things as is and just open an additional ISA if the intention is to make further contributions.
I was reading about the Brighton coast wind farm today and the comment that this is now a cheaper way of generating than gas and nuclear. I recalled that you used to oppose wind generation on the grounds of cost.
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