It was good to see the bounce back this month as all that red was looking a little depressing.
I have been practising a little market timing, hanging on and waiting to sell another £10,000 of my CIS UK Growth fund until it came back up to the price that it has been hovering around for most of the year. This fund has beaten the UK All Share index over the last 3 years so it does feel a little strange to be cutting down on it, but my portfolio is so unbalanced and having so much in one UK based fund is not such a good idea so I went ahead with my plan and sold when the price was right.
I must admit that I struggled with what to spend the money on. I read up on where those in the know (is there such a thing?) think the value is and the consensus seems to be that Europe, Japan, emerging markets (and to some extent the UK) are not over expensive so I split the money between my trackers and Investment Trusts in those areas. (ermine has just put up a great post on this subject which confirmed what I had gone with which cheered me up). I also put another £1000 into my Global Clean Energy tracker.
However, I didn't manage to re-distribute all the money and still have £3,000 sitting there in cash which I need to do something with. I've missed the 23rd of the month which is Interactive Investor's day for regular payments when trades only cost £1.50 and I only have £12 commission credit left, so I'm loath to pay £10 per trade and spread it around. This means I either have to put it all in one place or leave it till next month when inspiration might have hit about what to buy.
I've still got very cold feet about a US tracker which is what my masterplan says I should be buying but maybe I really did ought to bite the bullet on this - see below for current asset allocation which still looks very unbalanced in favour of the UK despite the fact that I've halved my UK Growth fund and been buying elsewhere. Must try harder :-)
|UK Corporate Fixed Interest||7|
|Europe ex UK Equities||2.1|
|Commodity & Energy||1.9|