Your favourite fund (investments)
Discussion
Thought this might be a good idea as there are quite a few threads "where do I put my windfall"
Unfortunately I'm in the States so my Favourite is not so relevant, but maybe there's a UK equivalent.
It is "New Horizons" a T.Rowe Price fund.
It invests in small caps but unlike other small cap funds the Manager does not have to sell them if they grow, he can keep a company as long as wants.
I did actually just sell off most of this fund mid December to avoid taxable distributions, but will be feeding it new money.
Had this one a while.
https://www3.troweprice.com/fb2/fbkweb/snapshot.do...
Unfortunately I'm in the States so my Favourite is not so relevant, but maybe there's a UK equivalent.
It is "New Horizons" a T.Rowe Price fund.
It invests in small caps but unlike other small cap funds the Manager does not have to sell them if they grow, he can keep a company as long as wants.
I did actually just sell off most of this fund mid December to avoid taxable distributions, but will be feeding it new money.
Had this one a while.
https://www3.troweprice.com/fb2/fbkweb/snapshot.do...
When choosing a fund and researching costs, don't become *over* fixated on the returns or even the TER or AMC, that's just the headline figure (certainly important, but not at the avoidance of everything else). If you have a fund which requires lots of stoking the fire and quite a bit of deft handling, such as emerging markets, ask about the total cost of ownership. This takes into account dealing costs and possibly, performance fees.
Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Ginge R said:
When choosing a fund and researching costs, don't become *over* fixated on the returns or even the TER or AMC, that's just the headline figure (certainly important, but not at the avoidance of everything else). If you have a fund which requires lots of stoking the fire and quite a bit of deft handling, such as emerging markets, ask about the total cost of ownership. This takes into account dealing costs and possibly, performance fees.
Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Good advice thanks.Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Ginge R said:
When choosing a fund and researching costs, don't become *over* fixated on the returns or even the TER or AMC, that's just the headline figure (certainly important, but not at the avoidance of everything else). If you have a fund which requires lots of stoking the fire and quite a bit of deft handling, such as emerging markets, ask about the total cost of ownership. This takes into account dealing costs and possibly, performance fees.
Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Totally agree, it's not how much a fund made last year. A better gauge is how it performed against the index that it is associated with or how it performed against its peers.Check too, what the fund manager has been up to. I can think of a few funds which look fantastic but only because the manager has sold the crown jewels. Conversely, if the market is in a slump and the fund is doing badly, look at the asset allocation of the fund. If the manager has a history of being punchy and he is parked higher than normal in cash, is he therefore better placed to exploit a rising market than the manager who has been following a different strategy.
The latter manager is a bit like the Disco owner trying to get going in mud, in a high gear, whilst the former, the manager who anticipates and who has remained agile and light on his feet, might be the one wheel spinning off the line. On the other hand, if the market is at a temporary apogee, if you think there will be downwards movement, does the reverse apply? Visit Trustnet and set up a free account to research and plot fund graphs you want to compare.
Some funds are not designed to win sprint races. I have two funds, Capital Appreciation and Global Allocation that I treat as my core funds, both have the objective of capital preservation.
They are never going to make the headlines, but what they do do, is make less than the market in a good year and lose a hell of a lot less in a bad one.
So they will probably produce an average of 12%, good enough.
I still chase golden eggs, like my earlier choice of New Horizon, but once they hatch, I shift it to a safer place. Then repeat the process.
Not sure how many PH points I'll lose, but Jupiter Ecology has been good for me over the last few years.
ETA - Already mentioned, but Artemis Income is another long term favourite that sits in the S&S ISA, as is Vanguard Life Strategy in 60:40 form. Both regular investment "set and forget" funds for the long term.
ETA - Already mentioned, but Artemis Income is another long term favourite that sits in the S&S ISA, as is Vanguard Life Strategy in 60:40 form. Both regular investment "set and forget" funds for the long term.
Edited by hornet on Monday 17th February 13:42
Good thread, and I'll watch with interest.
I have a reasonable chunk in Fundsmith at the moment, and it's doing OK for me. (Although "OK" is a completely relative term.) It's been talked about a fair mount on PH before, and I'm hoping it will continue to perform in the future - the last eight months have been pretty flat.
Oli.
I have a reasonable chunk in Fundsmith at the moment, and it's doing OK for me. (Although "OK" is a completely relative term.) It's been talked about a fair mount on PH before, and I'm hoping it will continue to perform in the future - the last eight months have been pretty flat.
Oli.
Lynch91 said:
Only fund I'm in at the moment is the AXA Framlington Biotech, has been performing very well for me over the last few months
If you saw that one coming, nice one. But something that leaps from nowhere is unpredictable, and possibly just as hard to predict when it'll slide a little. I like the UK Equity Income sector, it's interesting, and I also have a pathological obsession with commodity/mining funds in general, and gold in particular. Fortune favours the brave or a fool and his money are easily seperated, take your pick! Once again, valuations are starting to look attractive especially if you're a contrarian investor. A bit like juggling with scalpels, easy does it..
Edited by Ginge R on Tuesday 18th February 07:14
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