Intelligent Money - your investment questions answered

[JulianPH]

She gave me a huge - massive - portion and I couldn't eat all of it.

Now I apparently hate her cooking!



I remember why I cook all the time. It is not that she can't, it is just that I don't have to eat a mountain every meal!

[anonymous-user]

JulianPH said:

….you are left with your fortune resting on just 10 companies (albeit 10 companies worth a combined $3 trillion and present on every continent).

PH Equity is a contrarian investment strategy that goes against the herd.

I really like this approach as I don't like to go with the herd, but it is not for everyone. I buy and hold based upon fundamentals, whilst constantly reviewing my positions.

My suggestion would be to look at the investment strategies, not the past performance. We want to extract the best from the future, as the past has already gone!

If buying and holding 10 mega sized companies that many people use on a regular basis makes sense to you, then PH Equity is highly compelling without any past performance figures.

GPM - this bit that I've quoted seems to be the meat and drink of it. I'm sure Julian will speak up if it's off target.

Me? Some might call me a closet indexer - but I pay active managers and end up with a portfolio that's tilted in the directions I believe might prove strategically beneficial while retaining a broad spread. For instance, (i) I tilt towards larger companies, and (ii) I've been significantly overweight in North America for a few years. It's worked well enough for my own perception of the risk/return balance.

At the end of the day I think a lot of it comes down to an investor's personality and what shape they like their risks.

[JulianPH]

rockin said:

JulianPH said:

….you are left with your fortune resting on just 10 companies (albeit 10 companies worth a combined $3 trillion and present on every continent).

PH Equity is a contrarian investment strategy that goes against the herd.

I really like this approach as I don't like to go with the herd, but it is not for everyone. I buy and hold based upon fundamentals, whilst constantly reviewing my positions.

My suggestion would be to look at the investment strategies, not the past performance. We want to extract the best from the future, as the past has already gone!

If buying and holding 10 mega sized companies that many people use on a regular basis makes sense to you, then PH Equity is highly compelling without any past performance figures.

GPM - this bit that I've quoted seems to be the meat and drink of it. I'm sure Julian will speak up if it's off target.

Me? Some might call me a closet indexer - but I pay active managers and end up with a portfolio that's tilted in the directions I believe might prove strategically beneficial while retaining a broad spread. For instance, (i) I tilt towards larger companies, and (ii) I've been significantly overweight in North America for a few years. It's worked well enough for my own perception of the risk/return balance.

At the end of the day I think a lot of it comes down to an investor's personality and what shape they like their risks.

Very much on target Steve.

[h0bbsy]

Hi Julian,

Been following this on and off, finally got around to emailing Nik just now with a view to at least filling this FY ISA allowance.

Have the shutters come down on the Silverstone stuff? I'm only 40mins up the road so it seems rude not to!

[CornishRob]

I was thinking the same. I forgot to speak to Nik about it when I discussing moving some money across to the platform.

[JulianPH]

h0bbsy said:

Hi Julian,

Been following this on and off, finally got around to emailing Nik just now with a view to at least filling this FY ISA allowance.

Have the shutters come down on the Silverstone stuff? I'm only 40mins up the road so it seems rude not to!

Hi David

You can open an ISA in minutes online and Nik will be back in the UK tomorrow so will get back to you then unless he picks up your message before leaving Dubai.

We are twice over subscribed for Silverstone now so ordering extra passes anyway. Happy to put you down for this, just send me a PM.

Cheers

Julian

[JulianPH]

CornishRob said:

I was thinking the same. I forgot to speak to Nik about it when I discussing moving some money across to the platform.

Same with you Rob re Nik and online applications.

Let me know if you fancy race passes too.

The VIP paddocks at Silverstone and Brands Hatch are going to be a bit of a PH party!

[Phooey]

JulianPH said:

Hi David

..Nik will be back in the UK tomorrow so will get back to you then unless he picks up your message before leaving Dubai.

you better tell him not to sneeze whilst going through customs then

[JulianPH]

Phooey said:

JulianPH said:

Hi David

..Nik will be back in the UK tomorrow so will get back to you then unless he picks up your message before leaving Dubai.

you better tell him not to sneeze whilst going through customs then

Absolutely!

[Gallons Per Mile]

rockin said:

GPM - this bit that I've quoted seems to be the meat and drink of it. I'm sure Julian will speak up if it's off target.

Me? Some might call me a closet indexer - but I pay active managers and end up with a portfolio that's tilted in the directions I believe might prove strategically beneficial while retaining a broad spread. For instance, (i) I tilt towards larger companies, and (ii) I've been significantly overweight in North America for a few years. It's worked well enough for my own perception of the risk/return balance.

At the end of the day I think a lot of it comes down to an investor's personality and what shape they like their risks.

Thanks, more food for thought. I'm new to investing so the more views I can listen to and understand the better!

[JulianPH]

Gallons Per Mile said:

Thanks, more food for thought. I'm new to investing so the more views I can listen to and understand the better!

Hi Craig

Great to talk just now and I hope it proves helpful in your decision making.

You know where Nik and I am if you want to discuss anything further.

Cheers

Julian

[Gallons Per Mile]

Dammit, you beat me to a reply!

Just to say many thanks for taking the time to explain things thoroughly, you're a gentleman



For everyone else that reads this thread: Don't be worried about asking stupid questions. Julian (and Nik for that matter) will happily answer anything you throw at them, explain it well, and not care how long it takes them to explain. I really don't know why people go anywhere else to invest money. The level of service is off the scale.

[JulianPH]

Gallons Per Mile said:

Dammit, you beat me to a reply!

Just to say many thanks for taking the time to explain things thoroughly, you're a gentleman



For everyone else that reads this thread: Don't be worried about asking stupid questions. Julian (and Nik for that matter) will happily answer anything you throw at them, explain it well, and not care how long it takes them to explain. I really don't know why people go anywhere else to invest money. The level of service is off the scale.

Very kind words indeed. Thank you very much.

Nik and I are always happy to help/assist in any way we can.

The rest of our team work in exactly the same way.

All the very best,

Julian

[MrOrange]

I cannot believe after 200+ months I never seen this thread. Some really good advice, and I'm joining in. Ta chaps and ladies.

[jshell]

MrOrange said:

I cannot believe after 200+ months I never seen this thread. Some really good advice, and I'm joining in. Ta chaps and ladies.

Me too! Hadn't noticed it until now.

[JulianPH]

MrOrange said:

I cannot believe after 200+ months I never seen this thread. Some really good advice, and I'm joining in. Ta chaps and ladies.

It does sometimes appear to be an invisible thread!

Give me or Nik ([e-mail]) a shout if we can be of assistance!

Cheers

Julian

[JulianPH]

jshell said:

MrOrange said:

I cannot believe after 200+ months I never seen this thread. Some really good advice, and I'm joining in. Ta chaps and ladies.

Me too! Hadn't noticed it until now.

Same here as with Mr Orange, just give us a shout and we will be happy to help all fellow PHers.

Julian

[JulianPH]

PH Equity Update

Given that markets have taken a bit of a pounding over the last few days and this has obviously impacted on equity investment, including PH Equity, I thought it would be a goo idea to revisit the 1 month and 3 month performance and volitility figures I posted before these falls.

My aim here is to factor in the last few days where things have not been quite so rosy and therefore include some nasty times, rather than just the good.

There is no getting away from the fact PH Equity (like all other equity investments) has taken a hit over the last few days, I just wanted to put this into perspective when compared to Fundsmith and Lindsell Train:

1 Month

Fundsmith Equity



3.4% Down


Lindsell Train Global Equity



4.3% Down


PH Equity



0.17% Up


3 Months

Fundsmith Equity



3.1% Up


Lindsell Train



2% Down


PH Equity



7.53% Up


PS I have no idea whatsoever why when I select 3 months it actually adds on a few more days, but have adjusted the IM data to match.

Cheers

Julian

[MrOrange]

JulianPH said:

It does sometimes appear to be an invisible thread!

Give me or Nik ([e-mail]) a shout if we can be of assistance!

Cheers

Julian

I've signed up with IM, just waiting on the next steps.

My thinking (40 point tax payer, here) is that I'm maxed out on NS&I and Santander and with both rates falling by maybe a third it's time to see if I get better returns in the equity marketplace (via an ISA). I remember where having savings was fun, you got decent interest lumps that seems to grow and grow - in the last few years it's a nightmare chasing little 1.5% cash returns so I started investing in H&L and that's seems to be doing ok, so far (excluding the last week).

Ho hum, worth trying for a year or three, I suppose. No doubt I'll be asking daft questions, I trust you are a friendly bunch.

[JulianPH]

MrOrange said:

JulianPH said:

It does sometimes appear to be an invisible thread!

Give me or Nik ([e-mail]) a shout if we can be of assistance!

Cheers

Julian

I've signed up with IM, just waiting on the next steps.

My thinking (40 point tax payer, here) is that I'm maxed out on NS&I and Santander and with both rates falling by maybe a third it's time to see if I get better returns in the equity marketplace (via an ISA). I remember where having savings was fun, you got decent interest lumps that seems to grow and grow - in the last few years it's a nightmare chasing little 1.5% cash returns so I started investing in H&L and that's seems to be doing ok, so far (excluding the last week).

Ho hum, worth trying for a year or three, I suppose. No doubt I'll be asking daft questions, I trust you are a friendly bunch.

Welcome as an IM Private Client!

As a 40% tax payer you may also want to consider a pension/SIPP as this will return the 40% tax back to you.

You are tied in until you turn 55 though and with an ISA you can access it at any time.

Give me or Nik a shout (or post here) if you would like to know more.

If your username is connected to Reservoir Dogs then let me know, as I have an interesting story about that!

Cheers

Julian