SIPP Madness

[Cirrus]

. Does anyone want to work out how their SIPP values have changed in USD terms?

Down 2%

[GB9]

Very little to do with QE, lots to do with currencies.

Quite a lot of FTSE 100 stocks trade in assets that are denominated in dollars. Those assets are now worth a lot more in pounds than they were before Brexit vote. That increase is all pure profit, boosting the value of the companies in question. This has raised their sp. E.g. look at BP and Shell from the day after the vote.

Other stocks such as the insurers were hit, predominantly due to capital reserve and investment concerns, although these have started to recover as concerns have dissipated. E.g. aviva

[Einstein Jnr]

After trying to buy some oil companies when oil started dropping last year - I thought it had hit rock bottom at 40/barrel and went in - but it kept going down. So I have 4 oil companies that are dragging down my portfolio. Other than that I went abit crazy on the diversification with about 25 funds. They usually seem to cancel out, but generally I am up. As you can tell I am not quite sure what I am doing, but doing better managing my own sipp than when standard life was, which makes me wonder if they knew what they were doing.

[vetran]

which makes me wonder if they knew what they were doing.

I'm sure once you understand the charges you will realise they know exactly what they were doing.

[SimonMac]

Does anyone want to work out how their SIPP values have changed in USD terms?

No, as I only ever plan to drawdown on it in sterling