Investments doing well?
Discussion
.....Saleen836 said:
Checked my pension investments yesterday and was surprised to see the value has gone up by almost 8% in the last month!
Just wondered if this is good going?
It's down to Brexit. If you take into account the loss associated with the GBP exchange rate, then in absolute terms you're about where you started. Just wondered if this is good going?
davepoth said:
It's down to Brexit. If you take into account the loss associated with the GBP exchange rate, then in absolute terms you're about where you started.
- Stock markets have risen hugely around the world since April. Many people will be looking at positive returns better than 10%.
- Many big companies have a lot of overseas earnings and a fall in sterling means each $ of profit converts into more £ in the accounts.
- Devaluation of the £ will hit UK resident investors eventually because the cost of imported goods will rise, lifting inflation.
NB: These tax changes have the effect of making Pensions and ISAs even more attractive. Fill yer pockets!
Ozzie Osmond said:
- Stock markets have risen hugely around the world since April. Many people will be looking at positive returns better than 10%.
- Many big companies have a lot of overseas earnings and a fall in sterling means each $ of profit converts into more £ in the accounts.
- Devaluation of the £ will hit UK resident investors eventually because the cost of imported goods will rise, lifting inflation.
NB: These tax changes have the effect of making Pensions and ISAs even more attractive. Fill yer pockets!
Ginge R said:
I have an equity income portfolio that I've been looking at - given the likely intended depression of sterling, it seems prudent to look for defensive funds with a bias towards UK/sterling based companies with small outlays and a global market..! One fund was sitting on c.18% cash at Brexit but is now indicating somewhere in the region of just c.4% with 80% UK exposure. Lots of 'risk on' with some managers at the moment.
I have a question...and I think you're the right guy. I see that you are able to view cash positions in funds.
I read recently that Mr Woodford intends to "display" his holdings on a Monthly basis.
Are there rules regarding the disclosure of fund holdings?
In the US the SEC forces the Mutual funds to report holdings evry 3 Months , which they hate as they are paying anylists ridiculous sums of money to detect their own little gems and don't want other funds to copy them before they have built up their position. Shadowing, a bit like yatch racing
ETFs are of course more transparent.
With regard to risk and some managers. The Baltic Dry index has recently risen from 631 to 680 and that's with an over supply of ships.(still historically low but pointing in the right direction). So it would appear trade is on the up (somewhere). Latin America has had very good growth and collective Emerging markets are up 20% ytd.
On the negative side, Caterpillar guidance, good indictor of construction & Mining, is flat for the third quarter with a slightly better 4th.
It would appear your decision to stay in the market but be selective is sound.
A lot of US Fund Managers are overwight in our Finance sector which has been flat for a while. Perhaps not apllicable for a Sterling investor right now.
Depends. Top Ten Sub-Fund Holdings of Vanguard disclose 10 calendar days after the end of the month. As of the end of last month, Woodford Equity Income was somewhere in the region of 2.28%. He announced yesterday that he was removing bonuses for fund managers too, so where he leads right now, others could follow.
Interesting data from JPM about trying to time the market, from June.
Interesting data from JPM about trying to time the market, from June.
Ginge R said:
Depends. Top Ten Sub-Fund Holdings of Vanguard disclose 10 calendar days after the end of the month. As of the end of last month, Woodford Equity Income was somewhere in the region of 2.28%. He announced yesterday that he was removing bonuses for fund managers too, so where he leads right now, others could follow.
Interesting data from JPM about trying to time the market, from June.
That graph reinforces something I brought up in another thread, whereas investors are very good at choosing the best funds, they are close to pathetic with their timing. Buying late on the rise and panic selling on the drops.Interesting data from JPM about trying to time the market, from June.
There should be a 101 on Fund investing. It's a different ball game to owning individual shares.
Having said that I just liquidated my Emerging Market Dollar bond and Global Real Estate funds ahead of Jackson Hole, even though I don't think she will raise the rate.
I could be wrong, often am
but the bond auction says not also.Now have to find a new home for that money. No rush, but best re invested before I see something bright and shiny at a car dealership.
Yes, that's a popular saying.
One of the oddities of the market is that even over the very long term (say 10 years +) the impact of just a few very good and/or very bad days can be considerable. The chances of anyone spotting those in advance is practically zero.
As regards fund managers, if I thought I was clever enough to monitor their activities on a regular basis I'd probably think I was clever enough to do without them at all....
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