27th April 2023 Mark.C Call - Coggle Diagram
27th April 2023 Mark.C Call
Mum will call Fid
Monthly income funds - profit/capital?
a) Current market situation?
b) Update you on my
current financial picture
/ Discuss My Portfolio Mix / Risk Tolerance
you may have? Last summer (Bond Inversion / US). Interest rates? Bonds/US etc.
d) Client/FA to Self-Managed Account
Dad's ISA & Share Dealing records
Keeping account history
LF Woodford Fund
How much was paid in?
How much got back?
How much lost?
Why not said anything?
2. Mum's current portfolio fund allocation esp in ISA
How balanced between funds/bonds, Geography: UK/US/Emerging markets/Bonds/Stocks.Why it is as it is?
Which are income funds and which pay monthly? / How many funds pay a monthly payment?
Are monthly payments dividends or does it come out of the capital?
Woodford LF Equity - why did he put £50/£70k in? Why was it an appealing investment?
Was everything invested in Woodford in Mum and Dad's ISA or anything invested in gerneral account?
Is he aware of FCA payout of this? 75% of that lost. Do you have to apply or is it equally distributed?
Update on Mum's financial picture
Spain on market
Some cash that been living off
£3K a month, £1k pension, needs £2k, £1K 4%, £2k 8%
Recommendations - cash ISA 4.75%, Santander 4.25%
FCIS £85K - how does this come into play with Fidelity - at risk? Is it best to have pots of £85K?
Mum wants best returns with least risk and sustainable monthly payments currently £1k
Does he use any tools for charting projections?
Does he use any tools for portfolio selection?
1. His View on Current Market Situation?
Ref: email to Mum 16th April 2023
Worst conditions in 35 yrs. What mean by that?
Been in finance since late 80s. Exp recessions... what learned?
2000 .com bubble
How advice change Mum (73). Me (40s) How change attitude to risk?
Inflation coming down / int rates major turning point in positive way?
Small / Med Cap Businesses
Market Uncertainty. Big Tech layoffs. Banks. Gov borrowing = £90k per household