Woodford anyone?

[Claudia Skies]

greygoose said:

I tend to put some money in every month to even out the peaks and troughs and hold them for years.

^^^ Good strategy. Or at least, one that's been stunningly effective during the last 15 years. Indeed the last 100 years!

It's sometimes said that in the long run "time in the market" has much more effect on returns than "timing the market" (i.e. trying to buy when the market appears low).

[chris7676]

The UK elections shouldn't matter here. In fact you may protect your money by getting out of cash into shares.
If anything and the pound drops then the shares should actually compensate going up being mostly international companies. Just look at recent CHF situation which was the opposite (and of course extreme and unexpected)

[CaptainSensib1e]

DSLiverpool said:

CaptainSensib1e said:

Funds are long-term investments, ideally should be held for 5 years+

They aren't really suitable for short term trading.

I understand that as its mentioned a lot but for a fund with no buy in cost then why not? we are near top of the tree right now with an election coming up that will possibly be a new coalition government and I see a fall at which point I would look to buy back into Woodford. If this fund bucks the trend then I will be seriously impressed and probably put a lot in and leave it - this is my first test of this particular fund.

There are several reasons:

Firstly, funds are dealt on a forward pricing basis. That means when you give an instruction to buy/sell, you deal often won't actually be placed for 24 hours. This makes it very diffcult to use funds to time the market effectively.

Secondly, even though many funds have no initial charge, they still have a small bid/offer sprad, so there are charges involved in trading. This doesn't apply to single priced funds.

Thirdly, if you want to time your investments in the market, there are other far better options than funds. Investment trusts and ETFs, for example, trade on the stock exchange so don't have the same timing issues with purchases/sales outlined above. They are effecitvely dealt in 'real time'.

This is why, in my view, funds aren't the best choice for short term trading.

[oldaudi]

3,599.493 112.49 4,049.07 3,644.92 404.15 11.09

I had a go on Woodford too, £404 profit so far. As above though, you need to look at these for 5 years plus. Hargreaves Lansdown can take 3 days to trade you out of a position in a Fund so you can lose (or gain) over that period. Surprised you would have cashed out so quickly.

Edited by oldaudi on Thursday 19th February 13:50

[DSLiverpool]

oldaudi said:

3,599.493 112.49 4,049.07 3,644.92 404.15 11.09

Surprised you would have cashed out so quickly.

Edited by oldaudi on Thursday 19th February 13:50

The request to exit isn't executed immediately it is indeed a few days, so my naïve strategy is to put next years ISA plus the cash out back into Woodford if it drops, if it doesn't drop I have learnt a lesson.

[Mr Trophy]

21% growth.

If I see Mr Woodford out and about, I'll be sure to get him a pint or two.

http://www.trustnet.com/Factsheets/Factsheet.aspx?...

[oldaudi]

Woodford Patient Capital Trust PLC
Ordinary Shares GBP 0.01 3,319
115.10
3,820.17
3,349.50 470.67 14.05

CF Woodford Equity Income
Class Z - Accumulation (GBP) Wealth 150+ fund 7,103.052 121.24
8,611.74
7,760.94
850.80
10.96

Im very happy £1300 profit across the two so far. You wont get that on the highstreet. It was higher than that but thanks to China its all gone down the last few days. We had a high of 120 on the Patient Trust. The NAV on the Patient Trust is much lower than the price though (103ish) but people appear to buying in and hes actually released more shares again for this.

Edited by oldaudi on Thursday 13th August 15:02

[turbospud]

could have done >50% if you had gone for one of the biotech funds or trusts

[Mr Trophy]

turbospud said:

could have done >50% if you had gone for one of the biotech funds or trusts

There is always one.......... :hehe

[turbospud]

i will not mention the <50% ones

[oldaudi]

Over 5 figure return on Framlington Biotech but way down on Oil and Gold funds,

[Quattromaster]

Mr Trophy said:

21% growth.

If I see Mr Woodford out and about, I'll be sure to get him a pint or two.

http://www.trustnet.com/Factsheets/Factsheet.aspx?...

I'm confused, and thick I think, when I look at my HL portfolio its only showing as 8.86%.

Where do you get a 21% growth from can I ask, ta.

[walm]

Quattromaster said:

Mr Trophy said:

21% growth.

If I see Mr Woodford out and about, I'll be sure to get him a pint or two.

http://www.trustnet.com/Factsheets/Factsheet.aspx?...

I'm confused, and thick I think, when I look at my HL portfolio its only showing as 8.86%.

Where do you get a 21% growth from can I ask, ta.

What's your cost price?

If you got in at the beginning it launched at £1.00 so the price now (£1.22) means a 22% gain.
If you only have a 9% gain then you didn't pay £1 for your shares.

[R8Steve]

Quattromaster said:

I'm confused, and thick I think, when I look at my HL portfolio its only showing as 8.86%.

Where do you get a 21% growth from can I ask, ta.

What price did you buy in at? If you had bought in at launch (100p) the price is now 121.88p so that equals 21.88% growth.

If you bought in mid February at about 112.5p (which i'm assuming you did) then the growth on your purchase would be right.

[Rick101]

Where is the best place to get advice on joining something like this?

Never held shares or invested before. I have about 15K sat in an NSI ISA ( which i have added to a little this year) at 1.5% that I can afford to invest.

I read I need to use a stockbroker or at least an online executor or something? Has anyone got any advice for a newbie?

Thanks

[R8Steve]

Rick101 said:

Where is the best place to get advice on joining something like this?

Never held shares or invested before. I have about 15K sat in an NSI ISA ( which i have added to a little this year) at 1.5% that I can afford to invest.

I read I need to use a stockbroker or at least an online executor or something? Has anyone got any advice for a newbie?

Thanks

Most of the big banks will have an online sharedealing service. I have accounts with most and Hargreaves Lansdown is the one i would recommend.

http://www.hl.co.uk/investment-services/fund-and-s...

Remember the caveat that unlike your ISA which will guarantee your pitiful 1.5% or whatever interest rate, it will also guarantee your capital.

With funds they can go down as well as up but you should be fairly safe with Woodford. I'd also have a look at the Marlborough Multi Cap Income (acc) fund, it's one that's consistently done well for me averaging about 21% growth on capital a year. I'd consider splitting the money into 3 and put it across three different funds.

[Quattromaster]

walm said:

What's your cost price?

If you got in at the beginning it launched at £1.00 so the price now (£1.22) means a 22% gain.
If you only have a 9% gain then you didn't pay £1 for your shares.

See, told ya, I'm thick.

I bought some at launch price, and then another load a few months on.

Thanks for explaining to a numpty, LOL.

[R8Steve]

Quattromaster said:

walm said:

What's your cost price?

If you got in at the beginning it launched at £1.00 so the price now (£1.22) means a 22% gain.
If you only have a 9% gain then you didn't pay £1 for your shares.

See, told ya, I'm thick.

I bought some at launch price, and then another load a few months on.

Thanks for explaining to a numpty, LOL.

If you add your total spend up and divide it by the number of shares you will get your average price, any growth will be based on that price.

[Rick101]

Thanks R8Steve, very helpful.

Am not planning on using it for anything else and I still have some for a rainy day so happy to try something a bit different.

Cheers.

[R8Steve]

Rick101 said:

Thanks R8Steve, very helpful.

Am not planning on using it for anything else and I still have some for a rainy day so happy to try something a bit different.

Cheers.

Another idea to look into would be the HL multi-manager funds which spreads your capital across a number of different funds for a more diverse portfolio.

http://www.hl.co.uk/funds/multi-manager-funds

Whatever you choose it'll not be difficult to beat your current return imo.