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walm said:
Ah - fair enough.
I always think headline data like that is good for a screen but I would certainly check it bottom-up since it is notoriously inaccurate.
For example I completely missed a recent IPO that was good value because bloomberg was using an EV that hadn't included the IPO proceeds so was off by literally billions.
I picked it up on a deeper dive but it was frustrating because it made the whole group look more expensive than it really was on a first pass... grrr.
Ouch! That's gotta be annoying.I always think headline data like that is good for a screen but I would certainly check it bottom-up since it is notoriously inaccurate.
For example I completely missed a recent IPO that was good value because bloomberg was using an EV that hadn't included the IPO proceeds so was off by literally billions.
I picked it up on a deeper dive but it was frustrating because it made the whole group look more expensive than it really was on a first pass... grrr.
RE: BRWM, I didn't want to be doing any work for something that
was only interesting because it had no data available
P.S. if you don't mind me asking, what do you do for a living? I assume you are using the paid version of Bloomberg?
I pick stocks! (Although the ones I talk about here are never existing positions since that is very much illegal - more often things I looked at in the past or doing work on now.)
Yes paid Bloomy, but while it is good for quick passes I always use the fundamental numbers after sense-checking them myself!
Yes paid Bloomy, but while it is good for quick passes I always use the fundamental numbers after sense-checking them myself!
walm said:
I pick stocks! (Although the ones I talk about here are never existing positions since that is very much illegal - more often things I looked at in the past or doing work on now.)
Yes paid Bloomy, but while it is good for quick passes I always use the fundamental numbers after sense-checking them myself!
Ah nice so it's your actual job rather than something you keep an eye on in personal time. Yes paid Bloomy, but while it is good for quick passes I always use the fundamental numbers after sense-checking them myself!
Do you think it is possible to do an effective job without a paid market data service?
I maybe going to a small commods hedge fund and part of their impressive results is that they keep a very tight handle on spending.
isee said:
Do you think it is possible to do an effective job without a paid market data service?
I maybe going to a small commods hedge fund and part of their impressive results is that they keep a very tight handle on spending.
For regular equities it depends on your time horizon IMHO.I maybe going to a small commods hedge fund and part of their impressive results is that they keep a very tight handle on spending.
We have a longer term view so we don't need to know instant market data everywhere at all times.
I don't know commodity markets very well but I would imagine the options markets here are very important and often getting that depth is impossible without Reuters or Bloomberg.
However, I think it is perfectly possible to do a 100% effective job with a shared terminal among quite a few!
Possibly more effective since you won't spend hours just watching prices which is almost always just a distraction!
walm said:
For regular equities it depends on your time horizon IMHO.
We have a longer term view so we don't need to know instant market data everywhere at all times.
I don't know commodity markets very well but I would imagine the options markets here are very important and often getting that depth is impossible without Reuters or Bloomberg.
However, I think it is perfectly possible to do a 100% effective job with a shared terminal among quite a few!
Possibly more effective since you won't spend hours just watching prices which is almost always just a distraction!
You confirmed my suspicions thanks.We have a longer term view so we don't need to know instant market data everywhere at all times.
I don't know commodity markets very well but I would imagine the options markets here are very important and often getting that depth is impossible without Reuters or Bloomberg.
However, I think it is perfectly possible to do a 100% effective job with a shared terminal among quite a few!
Possibly more effective since you won't spend hours just watching prices which is almost always just a distraction!
m3sye said:
gregf40 said:
Falling knife.
When will people learn?
Seems to think its only a matter of time - says they have to much oil etc etc When will people learn?
That's with the Baker Hughes rig count numbers way down.
jeff m2 said:
Everyone has too much oil, storage facilities are full, tankers are wandering round the oceans full, there is oversupply.
That's with the Baker Hughes rig count numbers way down.
I agree, there is nothing currently or on the horizon that would suggest oil going up any time soon. I cannot see a reason to overweight it, let alone make it your whole portfolio.That's with the Baker Hughes rig count numbers way down.
isee said:
How would the Institute of Food Research create a portfolio for me exactly?
They are experts that all the big players use its a huge secret Edited by isee on Wednesday 1st April 09:12
wasnt even a typo - I need a coffee - but seriously my IFA charges a few % to do an overview of finances, ascertain risk and required reward and assemble a portfolio. I do my own thing, its worked for me but Woodford covered mistakes I made in retail early in 2014 and I ended up with a 8% nett inc dealing charges etc.Many would laugh at such a paltry return but I have learnt from my mistakes.
http://www.cityam.com/212876/quindell-founder-rob-...
Paying "a few %" to an IFA is madness unless you have less than one full ISA to invest.
I think IFAs are great and offer significant value to help people make the right decisions with their savings (i.e. don't do it yourself, you are an idiot, concentrate on the day job etc...) - but they should be paid a fair hourly rate.
If you have a £100k ISA and are giving your IFA 2% of it a year to just churn you from Invesco Asia Special Sits fund to Fidelity Japan Accumulator or whatever, then that is FAR too much.
Paying "a few %" to an IFA is madness unless you have less than one full ISA to invest.
I think IFAs are great and offer significant value to help people make the right decisions with their savings (i.e. don't do it yourself, you are an idiot, concentrate on the day job etc...) - but they should be paid a fair hourly rate.
If you have a £100k ISA and are giving your IFA 2% of it a year to just churn you from Invesco Asia Special Sits fund to Fidelity Japan Accumulator or whatever, then that is FAR too much.
walm said:
http://www.cityam.com/212876/quindell-founder-rob-...
Paying "a few %" to an IFA is madness unless you have less than one full ISA to invest.
I think IFAs are great and offer significant value to help people make the right decisions with their savings (i.e. don't do it yourself, you are an idiot, concentrate on the day job etc...) - but they should be paid a fair hourly rate.
If you have a £100k ISA and are giving your IFA 2% of it a year to just churn you from Invesco Asia Special Sits fund to Fidelity Japan Accumulator or whatever, then that is FAR too much.
Sorry I will expand, they charge 3% under £100k as a one off or if ongoing its far less but the assembly and sanity check of resource etc initially costs that. I have never used it but wanted to know what is there, as a trustee in another life we use Quilters to manage our cash who are very impressive and have made some quite astute moves that I intend to copy in my own small way this year.Paying "a few %" to an IFA is madness unless you have less than one full ISA to invest.
I think IFAs are great and offer significant value to help people make the right decisions with their savings (i.e. don't do it yourself, you are an idiot, concentrate on the day job etc...) - but they should be paid a fair hourly rate.
If you have a £100k ISA and are giving your IFA 2% of it a year to just churn you from Invesco Asia Special Sits fund to Fidelity Japan Accumulator or whatever, then that is FAR too much.
DSLiverpool said:
They are experts that all the big players use its a huge secret wasnt even a typo - I need a coffee - but seriously my IFA charges a few % to do an overview of finances, ascertain risk and required reward and assemble a portfolio. I do my own thing, its worked for me but Woodford covered mistakes I made in retail early in 2014 and I ended up with a 8% nett inc dealing charges etc.
Many would laugh at such a paltry return but I have learnt from my mistakes.
Heheh, you did make me a bit nervous, potentially forcing myself to admit that I have no idea what the IFR stood for in the financial context. Hope you appreciate the massive leap of faith I hat to take in responding to your comment :P wasnt even a typo - I need a coffee - but seriously my IFA charges a few % to do an overview of finances, ascertain risk and required reward and assemble a portfolio. I do my own thing, its worked for me but Woodford covered mistakes I made in retail early in 2014 and I ended up with a 8% nett inc dealing charges etc.Many would laugh at such a paltry return but I have learnt from my mistakes.
But to answer your question:
Because I am a CFA level 2 candidate and have been in the financial industry (albeit mostly commodities) for about 10 years. I don't think any active investor can add value to me diversifying myself, or better understand my risk profile or budget. I also happen to find self investing very interesting. Contrast that with the arse-ache of admin and having to share all the personal details with a stranger, keeping on top of yearly reviews and paying them for the privilege... I am glad to hear you got such a healthy return net of fees, long may it continue.
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