SIPP value as at 31st July 2021 - annual target hit 3 months early!

 What a month for the SIPP - it has already hit the value target for the year of £290,000 and that's 3 months early and with another £4,000 of monthly contributions yet to be paid in!  Remember, the value of the SIPP on 1st November (9 months ago) was £243,127 and my contributions since then have been £8,000 - so essentially £39,000 of capital growth in 9mths on £243,000; that's about 20% pa.

The target I set was based on maintaining the growth rate since I started managing the SIPP myself of 12.90%pa.  If I can hold onto and/or build on these gains between now and 1st November then I will have increased the overall growth-rate.

Performance has been tremendous: gains from GBG; HGT; IEFM; SGRO, VUSA; and a massive gain from KWS (this has to be a FTSE100 company within 3 years). 

The only loser in the period was SDP: Schroders Asia Pacific (IT) Fund which has been affected by the recent decisions of the Chinese government (pretty much out of the blue) to be "critical" of the major China-based internet companies. Also, the discount on this investment trust has grown to about 10%. In the hope of a reverse of fortunes on this holding, I have sold £7,000 of IEFM and moved the proceeds into SDP - it may be a good move, or it might not, time will tell.

Diploma (DPLM) has gone sideways for the past 3-months, after improving nearly 200% from 1st Jan 2018; and I'm thinking this is the time to take my profits and move into something else with more positive momentum.  Overall, I am a momentum investor: that's the one investment principle that has shown consistent positive results - what goes up, keeps going up (and what goes down, keeps going down).  So, I'm looking at companies whose SP's have improved over 10% in the past 3 months and have a market value of between £1bn - 3bn.

GB Group (GBG) is also going sideways - slightly - but I'm confident that the SP of this company will break through 1000 this year: and I expect this will come with a takeover bid from an American company - and that could mean a price of over 1500 could be seen in the next 12 months.

SIPP on 6th July 2021

 

The SIPP is looking good as we enter the 2nd-half of 2021.

Smaller Companies (BRSC) has overperformed and is now 10.70% of the portfolio value: this is a "benchmark" holding at 10% of the portfolio.

HGT which is my "private equity" investment trust is also over performing, and is 10.80%. 

There's a couple of holdings which are under-performing: SDP (Asia/Pacific) isn't doing well, and I'm not sure if this is a buying opportunity or time to cut & run and move the funds into something else.

Chelverton UK Equity Growth is just under 10% (I'm using another quoted Chelverton fund SDV to identify the holding above), but I'm not unduly worried about this holding.  I'm more worried with my European Momentum ETF (IEFM) which appears to be going sideways.

The IT holdings GBG and KWS are well down on their 12-month highs but both have serious upside potential - so no worries there for me.

Segro (SGRO) goes from strength-to-strength and is one of the best share purchases that I've made in 10 years of managing my own pension - just wish I'd found this company earlier and had the conviction to invest more of my SIPP.

The S&P500 investment trust managed by Vanguard (VUSA) is up 9% which is tremendous considering a 3rd of my holding was purchased in mid-April just 3-months ago.

So, all looking good and I will probably just undertake a small amount of rebalancing.