The weight of the top 10 holdings in NASDAQ is 50.95% and 34.92% in S&P 500, in terms of companies the only difference is Berkshire Hathaway in S&P, Costco in NASDAQ.
According to ChatGPT:
I just like having exposure to both of the Index’s.
I like having big tech firms in both of them but also the S&P 500 covers finance firms and then NASDAQ covers more technical companies.
Only company i don’t like in NASDAQ is MicroStrategy
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Are you keeping that split fixed with a pie, or just manually topping up in roughly the correct amounts?
T212 has JGGI / BNKR / CTY / SAIN investment trusts, and a bunch of UK shares in a pie. All holdings are mainly for semi-regular GBP dividend income as growth funds are held elsewhere.
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I’m going with the KISS approach for my ISA - 80% VRWP and 20% VAGP.
My GIA is using one of their Blackrock pies.
Can we talk about this, because as someone fairly new to T212 it feels counterintuitive to have new cash go in a higher proportion to slices of the pie that have been underperforming.
It feels to me like whenever I add new cash it should be against the original split and I should never rebalance?
I have 95% of mine in FWRG. I don’t want to think about my investments so very much set and forget.
I moved from VWRP as the chage is 0.15% vs 0.22% and may switch to PIWOA as that’s only 0.12%.
There are slight differences in holdings, but they’re all much of a muchness.
Thanks I will look into that one
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Not sure exactly what you mean here?
If I setup a £1000 pie with 3 holdings at 50%, 25% and 25% like @ThinkpadLover, I’d have £500, £250, £250.
If I put in more money to a pie it keeps the same split. So if I put another £1000 in the same pie, my holdings would then be £1000, £500, 500.
So it’s not putting any higher proportion of your cash into any holding than when you started.
I believe you can however still add money to a specific holding within a pie. But if later on you decide you want to get back to your original percentages, you can ‘rebalance’ the pie.
Exactly how those individual holdings are performing within the pie (and as such, if they need adjusting) is something for the user to keep an eye on…
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It doesn’t, you get these options here. The default being the first option, but my feeling is that ‘by targets’ is the better option to be picking?
Underperforming = Performing badly
Underweight = You have below your target value of a particular holding
If I wanted to create the same pie as my example above with 50%, 25%, 25% split, but I only had £950 to spare at the time, I could have manually bought holdings of £500, £250, £200.
The holding with only £200 is not underperforming, it is underweight @ only 20% split instead of the target 25%.
So the self-balancing option means that deposits would have a bias towards topping up that underweight holding to get back to my intended percentage splits.
If you keep using the ‘By target’ option, your holdings will remain slightly out of sync percentage-wise.
I kind of get where you’re coming from, but I also don’t feel closer to answering the question I asked.
To me for a holding to end up underweight it would need to underperform vs the rest of my portfolio. Say I had a 50/50 split. Holding A rises by 10% whilst holding B rises by 1%, holding B would end up being underweight.
Anyway that’s all besides the point. To me it feels counter-intuitive for me to come along and add new money to the pie with a greater proportion of the new money going to holding B to bring the pie back to 50/50 overall. Why would I add more money to something only rising by 1% just to achieve a balanced pie?
It feels like any new money should also go in at an equal 50/50 split and the pie overall should continue to be unbalanced?
Depends entirely on your definition of underperforming…
If it was an individual holding in a company I was worried might be facing issues or had been on a longterm decline, then no I probably wouldn’t want to top it up more if it dropped in value.
But if my Vanguard S&P 500 ETF dropped 10% tomorrow, you can bet your ass I’d want my pie to be buying up all those discounted shares while they were on sale. 
Basically there is no one-size-fits-all correct answer to your original question, as it will be specific to your risk appetite and particular holdings. Hence they have the option to do both in the app.
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Yeah that makes complete sense. Honestly this has helped a lot so thanks. I need to do some more thinking around my specific strategy and work out the direction I want to go in.
I’ve had T212 for a long while but I’ve only just started using it properly after the whole Vanguard thing so I’m still trying to find my feet. Now that the house buying and soon the paying for childcare era of my life is coming to an end this is something I want to focus a lot more on this year.
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There’s nothing boring about being 100% in an all-world fund mostly biased to the US. You’re massively exposed to US tech stocks despite the intention.
Any market reversal will take you down with the rest, the correlation to NQ100 is probably 0.7/0.8.
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I meant more boring than picking individual stocks myself
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Just wanted to add my thanks to you @RichardL for asking the above questions, because I was thinking the same thing just last week. Your conversation with @Sprinter1067 has answered a lot, so cheers to you both.
I’m fairly new to T212 myself and have made a pie with the aim of regular monthly ‘fire and forget’ investing. I’ve split the pie:
30% - VUSA
24% - EQQQ
24% - IITU
22% - SGLN
I’m sure there’s a lot of overlap in there but I’m really just trying to learn the ropes. I played around with individual stocks and just either obsessively checked it every day, or made some ill-timed trades.
Out of interest, I’m thinking of keeping my savings in the Cash ISA on 212 as it hands down beats Monzo, but I’m concerned about accessibility of the withdrawal isn’t instant. Anybody have any experience? Interesting to see that the ISA allowance is flexible between the Cash ISA and S&S.
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It has been pretty much instant for me. Make sure you use the sort code and account number though as if you use the IBAN it takes three days.
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I use two ISA’s with T212 and one I use to withdraw regularly on (just treat it like a savings account). 99% of the time my withdrawal lands in my current account in seconds. Worst case it’s 48 hours. So it’s quick all considered for the bump in interest rate.
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Great to know, thank you!
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