Saltydog Investor aims to boost fund investors' returns via a simple strategy: buy what's rising, avoid what's falling. Here, Saltydog's Richard Webb updates us on its cautious portfolio, the 'Tugboat'.
Last Wednesday (22 May), when we did our weekly review of fund performance data, the FTSE 100 had just hit a 13-year high. Each sector (by Investment Management Association definitions) in our moderately risky 'Steady As She Goes' group, and the more aggressive 'Full Steam Ahead' group, was doing well. The bond and gilt sectors in the cautious 'Slow Ahead' group had a poor week only the Absolute Returns sector made reasonable returns. Wehad already halved our holding in the Henderson Long-Dated Credit fund, and this week sold the balance, along with the other sterling corporate bond fund, Fidelity MoneyBuilder Income.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
| Safe Haven | Cash | 23% | 26% |
| Slow Ahead SOLD | Henderson Long-Dated Credit | 0% | 8% |
| Slow Ahead SOLD | Fidelity MoneyBuilder Inc | 0% | 20% |
| Slow Ahead | CF Odey UK Absolute Return | 20% | 10% |
| Slow Ahead | PFS Chelverton UK Equity Inc | 7% | 7% |
| Steady As She Goes | Cazenove UK Equity Inc | 10% | 10% |
| Steady As She Goes | Baillie Gifford Global Discount | 20% | 0% |
| Full Steam Ahead | Legg Mason Japan Equity | 6% | 13% |
| Full Steam Ahead | Neptune Japan Opportunities | 7% | 7% |
| Full Steam Ahead | Neptune US Opportunities | 6% | 0% |
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
