Discussion
Doesn’t it say they benchmark against the MSCI INDEX? And are losing out to it by a tune of 4% right now?
It’s all on the fact sheet on the website. I’ll bin it off next year, see little reason to stick with it given the fee when they’re barely beating that index over last few years and now are losing heavily to it.
It’s all on the fact sheet on the website. I’ll bin it off next year, see little reason to stick with it given the fee when they’re barely beating that index over last few years and now are losing heavily to it.
my crude spreadsheet that I keep track of stuff shows:
‘18- -4.0%
‘19- +12.0%
‘20- +13.8%
‘21- +17.5%
‘22- -10.0%
‘23- +6.2% (currently)
This is just based off regular monthly contributions, and a basic calculation of how much is in the pot at the end of the year against the beginning of the year.
for me it’s been a poor couple of years from the fund and a few big names showing big losses. will decide what to do next year
‘18- -4.0%
‘19- +12.0%
‘20- +13.8%
‘21- +17.5%
‘22- -10.0%
‘23- +6.2% (currently)
This is just based off regular monthly contributions, and a basic calculation of how much is in the pot at the end of the year against the beginning of the year.
for me it’s been a poor couple of years from the fund and a few big names showing big losses. will decide what to do next year
I've been eyeing a poss move into L&G Global Tech for the past 2yrs, but just haven't pulled the trigger. I'm kicking myself...
I wonder how many people already drawing down are heavy into FS. Is it me or are more and more people keeping heavy positions in equities after retiring? If you have say, a decent enough buffer (in ISAs etc) then I guess you could make an argument for it.
Fools latest - should I stay or should I go now?:
https://www.fool.co.uk/2023/12/03/should-i-sell-un...
With the ever increasing choice of passive Global Trackers, one has to wonder whether tinkering investors are wasting their time, and possibly some of their pot.
I wonder how many people already drawing down are heavy into FS. Is it me or are more and more people keeping heavy positions in equities after retiring? If you have say, a decent enough buffer (in ISAs etc) then I guess you could make an argument for it.
Fools latest - should I stay or should I go now?:
https://www.fool.co.uk/2023/12/03/should-i-sell-un...
With the ever increasing choice of passive Global Trackers, one has to wonder whether tinkering investors are wasting their time, and possibly some of their pot.
It was time to get out of FS a while ago now. Let’s face it, it had a great run from inception, but the last 2 years have been poor. I’m glad I dumped mine Dec 22. It was a position I held pretty much since launch, along with Smithson when that IPO’d (also dumped).
If your view is that the equity market will rise (which must be why you own FS right?) then double bull index tracker is the solution (if you can handle the vol).
I tipped my FS into my existing double bull S&P500 and bought a number of single stock positions.
Sad to say (this is Pistonheads after all!) but my only poor selection is an automotive (ticker:P911) great to drive, not to own the stock it would seem. Should have gone Ferrari (ticker:race) but you can’t win them all!
Happy investing!
If your view is that the equity market will rise (which must be why you own FS right?) then double bull index tracker is the solution (if you can handle the vol).
I tipped my FS into my existing double bull S&P500 and bought a number of single stock positions.
Sad to say (this is Pistonheads after all!) but my only poor selection is an automotive (ticker:P911) great to drive, not to own the stock it would seem. Should have gone Ferrari (ticker:race) but you can’t win them all!
Happy investing!
The snag is the mechanics of getting out of FS. I went in very early and now have an amount in there in a GIA that would cause quite a significant CGT headache if I was to get out.
Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
Here's a cliché, yet generally reliable, answer on a postcard: "don't let the tax tail wag the investment dog".
On (out)performance, always remember the incentives: any fund management enterprise without performance fees is primarily motivated to sustain itself by maintaining/growing AUM (even if that isn't always compatible with its core investment style). Being able to say you outperformed a benchmark is nice and certainly helps, but it's not going to keep the lights on itself. Thus when someone is perceived to be a "Star Fund Manager" in the retail arena, the real genius is more often found in the marketing than the stockpicking.
Or as distilled in meme form by someone funnier than me:
That said, and trying to be less overtly cynical...he's an interesting guy and despite never owning FS I've always considered the letters and meetings to be worth a read/watch. I think there's merit to the core remit of buying quality but I've long held reservations around a) whether it's really worth 1% when a quality factor ETF will probably do most of the same job, and b) what it actually ends up looking like in practice when AUM scales to the extent it has and constrains their investible universe accordingly.
On (out)performance, always remember the incentives: any fund management enterprise without performance fees is primarily motivated to sustain itself by maintaining/growing AUM (even if that isn't always compatible with its core investment style). Being able to say you outperformed a benchmark is nice and certainly helps, but it's not going to keep the lights on itself. Thus when someone is perceived to be a "Star Fund Manager" in the retail arena, the real genius is more often found in the marketing than the stockpicking.
Or as distilled in meme form by someone funnier than me:
That said, and trying to be less overtly cynical...he's an interesting guy and despite never owning FS I've always considered the letters and meetings to be worth a read/watch. I think there's merit to the core remit of buying quality but I've long held reservations around a) whether it's really worth 1% when a quality factor ETF will probably do most of the same job, and b) what it actually ends up looking like in practice when AUM scales to the extent it has and constrains their investible universe accordingly.
Mankers said:
If your view is that the equity market will rise (which must be why you own FS right?) then double bull index tracker is the solution (if you can handle the vol).
Personally I wouldn't advocate for leveraged ETFs as a long-term play anyway, but if you are then I think the bit in (my) bold really needs emphasising - the daily resetting leverage in these things means that even in a sideways market, the volatility drag can seriously work against you...2Btoo said:
The snag is the mechanics of getting out of FS. I went in very early and now have an amount in there in a GIA that would cause quite a significant CGT headache if I was to get out.
Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
The thing to remember, O, is the CGT isn't going away, just kicked down the road. But crystallise it will. With almost certain change in Government and their track record, the rate of tax could increase further. Aligning CGT with Income tax rates is something both parties must surely be looking at, given the state of the public purse Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
2Btoo said:
The snag is the mechanics of getting out of FS. I went in very early and now have an amount in there in a GIA that would cause quite a significant CGT headache if I was to get out.
Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
Although it probably won't touch the sides in your case, why not at least use your CGT allowance this tax year before it halves again in April?Do I bite the bullet and get out, footing the CGT bill on the way, or do I stick with FS in the hope that Terry pulls his socks up and things get moving again?
Answers on a postcard please.
I think as someone else commented, CGT isn't going to go away, I guess if you sell when you retire and if you're not a high rate tax payer you'll pay a lower rate....although you could be missing out by having the money elsewhere.
Sheepshanks said:
I guess they'll take a bit of a hit from the USD weakness over the last couple of days?
correct, however everyone is in a similar boat if you're exposed to the USD. Other things being equal, rates falling is good for equity, bad for FX. However the UK relative weakness(economy) will weigh so whilst I could be wrong I can't see the $ getting too far away from where it is currently, it could even improve.Gassing Station | Finance | Top of Page | What's New | My Stuff