Portfolio update here.
It's been a busy month. My ISA transfer finally completed so I've been doing a bit of re-balancing. So far I've sold around £10,000 of my CIS UK Growth fund and bought £3,000 each of TR European Growth IT and an iShares global property tracker.
I would really like to increase my holding in the US but now just doesn't feel the right time to do it (classic market timing mistake?). However, as there are other areas that I need to beef up a bit (EM's, Europe and property) I'm concentrating on them at the moment. I do have a plan (put £5,000 into a US tracker) but it seems a very expensive one at the moment and I'm hoping to keep to it, but keep down the costs. Given that there doesn't seem to be an overriding and immediate reason to sell any more of my UK Growth top heavy fund just yet, I am prepared to wait it out a bit. I've a feeling that I will need to do it quite soon though, so I might just need to bite the bullet and get on with it.
We've also now taken the decision that my husband will retire fully at the end of Nov 2015. Our original plan was for him to keep going on 3 days a week until he's due for state pension in 2018. This means that our ability to invest at our current rate of about £1400 per month will be severely curtailed in 14 months time so I really do have to have a watertight plan if I'm going to be able to stop work at 58 - 60, defer my pension and live off my SIPP.
It looks like the plan I devised in May has to be refined yet again. Watch this space....