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  #381  
Old 07.05.2019, 14:56
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Re: Investment fund

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Damn, my trolling skills are clearly slipping.
I don't think Crypto's are investments, a speculative asset just like any currency without even the back up of a government to raise taxes.
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  #382  
Old 07.05.2019, 15:29
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Re: Investment fund

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I don't think Crypto's are investments, a speculative asset just like any currency without even the back up of a government to raise taxes.
Well why didn't you say so before?!?

Yes, obviously they're speculative. Pretty much like gold. Speculative investments.

But rest assured, I truly don't care whether you buy cryptos, shares, bonds, or pork belly futures. I don't care whether you make millions, or live off the RAV (or the Maltese equivalent). There are those who have made a killing out of cryptocurrencies, and those who have lost their houses on the stock market. There are those who have done the opposite, and many positioned somewhere in between. Each to their own, selber schuld, and caveat emptor.
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  #383  
Old 07.05.2019, 18:48
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Re: Investment fund

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Well why didn't you say so before?!?

Yes, obviously they're speculative. Pretty much like gold. Speculative investments.

But rest assured, I truly don't care whether you buy cryptos, shares, bonds, or pork belly futures. I don't care whether you make millions, or live off the RAV (or the Maltese equivalent). There are those who have made a killing out of cryptocurrencies, and those who have lost their houses on the stock market. There are those who have done the opposite, and many positioned somewhere in between. Each to their own, selber schuld, and caveat emptor.
The Thread is 'Investment fund', you are going off on a tangent derailing the thread, but as a mod you know the rules better than the rest of us.
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  #384  
Old 07.05.2019, 19:18
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Re: Investment fund

There‘s a lot of talk about the 10 year bull market coming to an end. I‘d be inclined to leave the money in the deposit account. It‘s safe and you won‘t lose anything and the history of the Swiss franc may be your best investment...
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  #385  
Old 07.05.2019, 19:47
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Re: Investment fund

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There‘s a lot of talk about the 10 year bull market coming to an end. I‘d be inclined to leave the money in the deposit account. It‘s safe and you won‘t lose anything and the history of the Swiss franc may be your best investment...
If only anyone could predict what the market will do, many people took fright around Christmas & removed money from the market, that move will have cost those people 15% or more to date. For a long term investor it's best to ignore commentary. As shown below even the financial crash can be ignored. Finding the 1987 crash on a long term graph is not easy as it's such a tiny blip.

£10,000 in S&P 500 for 15 years 31 Dec 02 to 31 Dec 17 became £45,101 10.6% compound
Miss the best 10 days £21,311 5.2% compound
Miss the best 20 days £13,465 2% compound
Miss the best 30 days £9,150 -0.6% compound
Miss the best 40 days £6460 -2.9% compound
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  #386  
Old 08.05.2019, 16:19
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Re: Investment fund

@FMF : with described current does, do you think it's reasonable to buy back into SP500 or Nasdaq100?
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  #387  
Old 08.05.2019, 16:41
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Re: Investment fund

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@FMF : with described current does, do you think it's reasonable to buy back into SP500 or Nasdaq100?
Assuming you are a long term investor yes.
Warren Buffet would go further to say that most people should only buy the S&P 500. Fundsmith is significantly above last September highs, the index's not, However the stocks it holds are of a higher quality than companies in the index on average so that is exactly what I would expect to happen.
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  #388  
Old 10.05.2019, 21:09
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Re: Investment fund

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Assuming you are a long term investor yes.
Warren Buffet would go further to say that most people should only buy the S&P 500. Fundsmith is significantly above last September highs, the index's not, However the stocks it holds are of a higher quality than companies in the index on average so that is exactly what I would expect to happen.
I am (at minimum) a 5yrs investor, and currently looking to spice things up with the following:

VUG [Vanguard Growth Shares]
plus
IVW - iSh SP 500 Grwt Shs @TER 0.20%

Thoughts?
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  #389  
Old 11.05.2019, 08:31
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Re: Investment fund

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I am (at minimum) a 5yrs investor, and currently looking to spice things up with the following:

VUG [Vanguard Growth Shares]
plus
IVW - iSh SP 500 Grwt Shs @TER 0.20%

Thoughts?
They both seem to track VOO (S&P 500 tracker) very closely with a touch of out performance & slightly higher volatility. They are both quasi S&P trackers without a doubt.
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  #390  
Old 11.05.2019, 14:14
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Re: Investment fund

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I am (at minimum) a 5yrs investor, and currently looking to spice things up with the following:

VUG [Vanguard Growth Shares]
plus
IVW - iSh SP 500 Grwt Shs @TER 0.20%

Thoughts?
They are essentially the same
https://seekingalpha.com/article/426...wth-index-etfs
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  #391  
Old 04.06.2019, 09:46
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Re: Investment fund

Neil Woodford blocks investors from pulling cash from flagship fund

https://www.theguardian.com/money/20...-flagship-fund

Quite the fall from grace. Maybe fundsmith will come to this one day
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  #392  
Old 04.06.2019, 10:02
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Re: Investment fund

a bit silly to have a large proportion of illiquid investments in an open-ended fund.
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  #393  
Old 04.06.2019, 10:03
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Re: Investment fund

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Neil Woodford blocks investors from pulling cash from flagship fund

https://www.theguardian.com/money/20...-flagship-fund

Quite the fall from grace. Maybe fundsmith will come to this one day
will not happen to fundsmith as they can just sell the underlying shares to meet redemption demands.
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  #394  
Old 04.06.2019, 14:48
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Re: Investment fund

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Neil Woodford blocks investors from pulling cash from flagship fund

https://www.theguardian.com/money/20...-flagship-fund

Quite the fall from grace. Maybe fundsmith will come to this one day
Woodford really went rogue after leaving IP.

All those illiquid investments paying no dividend in an "Equity Income" fund. Didn't understand it at all and sold out of Woodford a few years ago.

The biggest holding in that fund is Barratt. The home builder. As cyclical as it gets. 'Nuff said.
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  #395  
Old 04.06.2019, 16:12
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Re: Investment fund

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will not happen to fundsmith as they can just sell the underlying shares to meet redemption demands.
This will ultimately limit the size the find can grow to as Terry Smith would not want to hold more than 1% of any of the companies he invests in.
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  #396  
Old 05.06.2019, 20:44
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Re: Investment fund

from bad to worse: https://www.bloomberg.com/opinion/ar...premium-europe
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  #397  
Old 06.06.2019, 09:19
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Re: Investment fund

see also: https://www.ft.com/content/6520fff2-...a-05ac2431f453


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So what brought “one of the finest investors of his generation” down to earth? Breaking every single one of the basic rules. Mr Woodford took too much money too fast. He believed his own hype, forgetting that the team around him at Invesco and in particular its risk management and compliance controls might have been helping him out.

But, worst of all, he both mixed and changed styles. He may well be brilliant at long-term value and income investing. The market has been tough for this kind of investor in the past, but it has usually come good (this is a cycle Mr Woodford has been through before). It might take longer this time around, since the growth of the passive industry could be delaying the usual mean reversion, but it will still happen.

So, had he stuck to his knitting, Mr Woodford might have found that after a few uncomfortable years he was once again known as Britain’s finest. He hasn’t stuck to it. Instead — and this is the style change bit — he reinvented himself as a small-cap and unquoted company investor.

This must have sounded fabulous at the bandwagon-jumping business development meetings. We know that public markets are stagnating — the number of listed companies in the US has fallen by 50 per cent since 1997 — and that the real growth is now considered to be off market.

But we also know, so far at least, that this is not where Neil Woodford’s skills lie. We have, as far as I know, no broken-out performance record for his dabbling in it at Invesco and his many choices since 2015 have not exactly covered him in glory. Investing in private companies might be fashionable at the moment but it is also a very specialist and not particularly transparent business — one in which other people have an awful lot more experience than him. Mr Woodford’s website promises “Expertise. Reinvented.” Maybe we didn’t need the reinvented bit.

But style change is not the worst of his sins. Patient Capital is a long-term vehicle designed to hold the kind of assets that may or may not come good 10 years out. If a couple of the firm’s punts turn out to be genuine winners it might work.

I’m not a buyer of it at its current discount levels simply because it is hard to have the faintest idea what the real net asset value is. Valuing illiquid unquoted companies falls somewhere between being an art and a fantasy. Maybe we should look again when the discount hits 30 per cent. The Income Focus Fund, which seems to represent a memory of the old Woodford, may also come good.
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  #398  
Old 17.06.2019, 16:58
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Re: Investment fund

Gents,

I have access to VUG on 3 different exchanges



Two questions:

1) does it matter which one I pick (price within cents of each other)
2) I struggle to find an ACC class shares for VUG, where profits accumulate vs being distributed... Does it exist?
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  #399  
Old 17.06.2019, 17:34
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Re: Investment fund

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Gents,

I have access to VUG on 3 different exchanges



Two questions:

1) does it matter which one I pick (price within cents of each other)
2) I struggle to find an ACC class shares for VUG, where profits accumulate vs being distributed... Does it exist?
1. Look at the volume and at the spread - I think Arca is the place to go
https://finance.yahoo.com/quote/vug
2. No. The yield is 1.15%, so I would not loose my sleep over it.
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  #400  
Old Yesterday, 10:14
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Re: Investment fund

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1. Look at the volume and at the spread - I think Arca is the place to go
https://finance.yahoo.com/quote/vug
2. No. The yield is 1.15%, so I would not loose my sleep over it.
Thank you, Dr. Mick. My main issue with non-accumulating funds is the insatiable appetite of Swiss banks to collect fees. My current portfolio is on avg 7 yrs old, I am the archetype of buy-and-hold investor. Receiving yield would mean my desire to systematically reinvest will cause me to get charged fees multiple times annually (once at receipt of yield, then at time of reinvesting). This may (or likely not) be a rational behavior but reflects my current state of mind.

If I remember correctly, also at receipt of dividend, I will be taxed whereas if accumulating that only happens at cashout.

Are these sufficient reasons to stay away from dividend-paying ETF or insignificant to said decision?
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