SIPP Madness

[Cirrus]

I put £130k in a SIPP towards the end of last year. It went down £8000 not long after that.

I looked today - because they'd sent me a message about needing cash for fees - and I saw it had gone up to £150,000 !!

That's - rough figures - 20% pa.

[mudskipper]

I put £130k in a SIPP towards the end of last year. It went down £8000 not long after that.

I looked today - because they'd sent me a message about needing cash for fees - and I saw it had gone up to £150,000 !!

That's - rough figures - 20% pa.

Ditto mine. Up about 20K since Brexit. It's doom, I tell ya.

[bluetoaster]

Same here. I can't say as I understand why but I'm not complaining.

[SouthernManc78]

Any of you care to share what your SIPP is invested in? A fund or specific companies?

[shaunbhoy]

Same here. I can't say as I understand why but I'm not complaining.

I have no doubt CW and OG will be along soon to explain this anomaly, and to assure us all that it is just a temporary blip and carnage will shortly ensue once more.

[FatLazyContractor]

I have no doubt CW and OG will be along soon to explain this anomaly, and to assure us all that it is just a temporary blip and carnage will shortly ensue once more.

They won't. Because it is common sense (not something you have).

Ever wondered why we have middle fingers? Thanks to turds like you

[shaunbhoy]

Ever wondered why we have middle fingers? Thanks to turds like you

Even in Yorkshire I believe the norm is now to use toilet paper. But if you still prefer using your finger that is up to you I guess. You never really were ahead of the curve in very much.

[chopper]

Same here. I can't say as I understand why but I'm not complaining.

I suspect the low GBP/USD exchange rate since the referendum vote has made UK listed shares a bit of a bargain from a dollar point of view, upping demand and therefore the share prices are lifted - improving the values of SIPPs with investment in FTSE100 companies.

(The FTSE100 is up from 5,700 in February, or about 6,100 around the time of the referendum, to around 7000 this morning).

#Doom.

[SimonMac]

Any of you care to share what your SIPP is invested in? A fund or specific companies?

All individual shares, no funds

AV
AZN
BA
BBY
BDEV
BP
BATS
BLND
CNA
CLIG
DLAR
FPO
GSK
IMT
KCOM
LLOY
MARS
MRW
NG
PAF
PSN
PLUS
PFL
RIO
RDSB
RMG
SSE
TSCO
ULVR
VOD

Not all winners, but some great ones to balance out the losers, this year dividend yield is estimated to be 6.94% (BBY and TSCO have stopped paying dividends but the rest all yield an avg 4.88% over the life of the SIPP), value is projected to be up 19.58% at year end and I have doubled my money since 2012 when I transfered my old company pension into it, no point selling losing positions as its money I have already lost, eventually it will turn to profit even if its over 20 years.

Think long term, think about companies you know about and don't tweak and only an idiot will not make money (and those usually buy Glencore on a fad anyway)

[SimonMac]

I suspect the low GBP/USD exchange rate since the referendum vote has made UK listed shares a bit of a bargain from a dollar point of view, upping demand and therefore the share prices are lifted - improving the values of SIPPs with investment in FTSE100 companies.

(The FTSE100 is up from 5,700 in February, or about 6,100 around the time of the referendum, to around 7000 this morning).

#Doom.

FTSE100 is multinational, so most of the companies have got a boon from the low pound/high doller in their earnings, FTSE250 is more UK based so more reflective of post Brexit fear/optimism