Like you, I'm invested into funds and as Aviva properly messed up the statement in March on one of my policies, I have to go back 21 months or six months to calculate an approx increase
Is this shares and riding mainly on GGP? I’ve had 50% on GGP but only a small holding of 3k.
I’d say it’s about 50% funds with the rest in shares with GGP making up about 75% of the value of the individual shares. I’m breaking all my own rules about having too much in one basket but I still think GGP has some way to go.
My mate got me into GGP. It’s literally his pension fund in his SIPP. Against all advice he bet when the price was pennies, went in big and exclusively, and is sitting pretty now.
I’m in the fortunate position that my investments are unrelated to my pension as I have a final salary pension that goes up every year with inflation so I can take a few risks with my investments without gambling my future. I, too, have a significant GGP holding built up over the last few years with an average price around 6 or 7p, so I’m enjoying the ride but I don’t think it’s going to dip any time soon.
Has closed today at 10,005.
I bought a couple of grand's worth way back in around 2017/2018 when they were worth a fraction of what they are now but like an idiot I cashed out after a couple of months due to impatience as they weren't moving. Only dived back in and bought over £5k worth way later after a recommendation on here - probably from @west didsblue I think - and although I'm up over 50% on that, I'd be up shit loads more if I'd kept my original £2k invested!
I put £40k of my pension into gold and a precious metal mining etf about 4 months ago. Its worth £50k now. I should probably sell but then what else do you buy? Everything is massively overvalued. Everything.
It depends how big your pot is, how long to go to drawdown and how much you need each year.If you really think everything is overvalued there's only one way they can go. What's your appetite for risk if you lose that £10k?
It's around 12% of my full pot invested in gold/mining so i can afford to lose it.
I’d leave it well alone. With geopolitics in turmoil, governments around the world are buying gold and although it’s near all time highs there’s no reason why it won’t carry on going higher. Because of leveraging, good mining shares could go up even faster but they also go down fast when things aren’t so good. I’ve also been buying physical gold as well as my GGP investment and have bought into an ETC which directly tracks the gold price.
It is. There are a couple of IFAs on BM who may be helpful.
I agree if you're "only" talking 12% of your total pot of £500k+.
I'm in a similar position, 20% of my ISA is basically doing nothing sat as cash in expectation of a drop early this year. Thats ok short term but I wouldn't want to leave it there like that for long.
Check the GGP SP in the morning. Provisional Q4 results released on ASX and look very good. Production up and cash in the bank close to $1bn with no debt.
That’s hugely promising so surely plenty of scope for it to go a lot higher