u/FireThrowawayGimp

I've got too many different LETFs. No hedges other than 1x equities and a little cash. I don't really have a strategy to deleverage either - although I guess you don't need it when total portfolio leverage is only c. 1.5x. The aim is to get to around £1.5m asap so I can FIRE. I'll probably deleverage at that point. I can tolerate volatility and drawdowns but not entire portfolio being down 70% or 80%.

I first got into LETFs a couple of years ago via this sub. Can you guys give me some ideas to clean up my portfolio. I only have access to UCITS funds. Thanks.

Portfolio:

• 1x global index in pension account (accessible in 20 yrs) = £225,000.

Don't want to leverage this account. Will leave as is.

• 1x global index in taxable account = £205,000.

Significant capital gains tax liability so will only sell £20k pa to move to tax free account.

Tax free account:

• 2x world = £60,000
• 2x Nasdaq= £27,500
• 2x S&P = £25,000
• 3x Nasdaq = £82,000
• 3x S&P = £65,000
• 1x active fund = £30,000
• 1x individual shares (fun money) = £20,000
• Cash = £32,000

TOTALS:

• 1x global index = £430,000
• 1x active shares = £50,000
• 2x LETFs = £112,500
• 3x LETFs = 147,000
• Cash = £32,000

Total portfolio = £771,500