About a year ago I bought three investment trusts that invest in Vietnam; time to see how they are doing.
The Vietnam stock indices are up over the past year in spite of Trump’s trade war with China that has a knock-on effect in ‘Nam. My three have lost 2.8%. This is, in a way, good news as it shows they are not closet tracker funds. Less good news, but it cannot be helped, is that over half my unrealised loss has gone in fees to the fund managers.
I haven’t traded since last July when I bought shares in Manchester & London and Personal Assets investment trusts and the third Vietnam fund but now I will have some cash to spend or invest. I turned 65 in April and in addition to receiving a pension I have opted to take a small capital sum. Here’s how I intend to spend it.
1. Swap my 19-year-old BMW for a car that will suit Bertie.
2. Top up my Premium Bonds as I have been cashing them from time to time to meet unexpected bills.
3. Lob something into my ISA.
3. If there is anything left over, buy some index linked government stock to meet tax bills.
I had four pension choices that produced varying levels of cash and income. My adviser agreed with my choice telling me that although there are many unknown variables he reckons I will be ahead of the game when I am 93. So I have probably made the wrong choice. Bertie is a sleeping partner in my financial endeavours.
