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  #141  
Old 29.03.2020, 13:44
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Re: Markets down - Invest now or wait further?

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Wow I would love to be able to buy stock with a PE of 2 - 3.
Take a look at TEN and MDP then
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  #142  
Old 29.03.2020, 13:56
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Re: Markets down - Invest now or wait further?

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Take a look at TEN and MDP then
They both have negative EPS as far as I can see, so on an infinitive PE!
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  #143  
Old 29.03.2020, 14:51
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Re: Markets down - Invest now or wait further?

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Euro has lost a lot of value against USD. Many European companies like luxury items companies or German auto/parts industry get a lot of profit from the US and therefore USD income. USD linked income is coming from many regions of the world like the Middle East/Gulf for example. I think HKD is still pegged to USD. Tobacco stock you mentioned probably is just a tiny part of the fund. Latin America/ Canada still have currencies moving along with the USD dollar (not pegged).

Many companies quite use hedging techniques to reduce earning fluctuations due to currency fluctuations.

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Just convert your funds performance to USD to get the idea. I bet it won't be as impressive (at least like the one you posted, I don't really have the time to check this money manager).
There is no need to do that. Just read the annual report and you will realize that currency fluctuations have a minimal impact on the fund performance.
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  #144  
Old 29.03.2020, 14:55
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Re: Markets down - Invest now or wait further?

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There is no bailout. There is liquidity available by the FED (=printing money). FED as far as we know now doesn't buy any stocks or ETFs. They buy bonds only. SNB and BOJ buy stocks.

Trump gives $1000 to everyone and $500 for every kid so money handouts have already started.

If there was no Fed and other central banks QE then stocks, prime real estate and other asset bubbles (art work, classic cars etc) would be at between 10-30% of current valuations.
You are wrong again
https://www.barrons.com/articles/why...fs-51585076254
https://www.ft.com/content/f9c7e4de-...f-41bea055720b

You may want to get the facts straight before writing fake news
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  #145  
Old 29.03.2020, 14:59
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Re: Markets down - Invest now or wait further?

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Wow I would love to be able to buy stock with a PE of 2 - 3. A house for 3-4 years rent? that just won't happen with interest rates below 20%
You may want to try your luck with C, DFS or WHR then
Insiders have been buying recently.
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  #146  
Old 29.03.2020, 18:19
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Re: Markets down - Invest now or wait further?

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Amazing as Terry Smith has been rather famous for the last 30 years & his fund that nobody ever heard of is the Largest UK find in existence. Pretty good in under 10 years


Wow I would love to be able to buy stock with a PE of 2 - 3. A house for 3-4 years rent? that just won't happen with interest rates below 20%
Honestly, I have worked for 8 years in the City (investment banking) I haven't heard the guy ever.

Second statement, I really don't know what you mean. We talked about the effect of reversing the QE.
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  #147  
Old 29.03.2020, 18:22
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Re: Markets down - Invest now or wait further?

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Many companies quite use hedging techniques to reduce earning fluctuations due to currency fluctuations.



There is no need to do that. Just read the annual report and you will realize that currency fluctuations have a minimal impact on the fund performance.
You are wrong. You don't really now how much they hedge because hedging is expensive and can lose money on occasions.

I am not going to read the annual report as I invest in other funds, but you need to hedge FX risk in order to take away FX fluctuations. If they have hedge it 100% then yes.
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  #148  
Old 29.03.2020, 18:23
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Re: Markets down - Invest now or wait further?

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Honestly, I have worked for 8 years in the City (investment banking) I haven't heard the guy ever.
So? You want to say you know every fund, every manager? My boss was a MD in investment banking and said that he knows that he does not know it all
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  #149  
Old 29.03.2020, 18:25
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Re: Markets down - Invest now or wait further?

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You are wrong again
https://www.barrons.com/articles/why...fs-51585076254
https://www.ft.com/content/f9c7e4de-...f-41bea055720b

You may want to get the facts straight before writing fake news
Hello, do you really have a clue about finance?
Both articles you linked are mentioning bond purchases via ETFs. Corporate bonds they are buying.
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  #150  
Old 29.03.2020, 18:31
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Re: Markets down - Invest now or wait further?

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So? You want to say you know every fund, every manager? My boss was a MD in investment banking and said that he knows that he does not know it all
Of course not and to be honest I don't usually invest in these products so I don't care.

In my pension accounts, I have an option for Blackrock ETFs and I do buy some from time to time.

I used to know quite a few very successful people in finance (that make 10-40m GBP annually for 10-15 years in a row) but almost you never see their names on the internet other some career movements or promotions. These are mostly head of trading at global investment banks or hedge funds.
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  #151  
Old 29.03.2020, 18:33
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Re: Markets down - Invest now or wait further?

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I used to know quite a few very successful people in finance (that make 10-40m GBP annually for 10-15 years in a row) but almost you never see their names on the internet other some career movements or promotions. These are mostly head of trading at global investment banks or hedge funds.
Donīt know what you consider succesful, as my boss retired before he was 40 I consider that succesful. I havenīt managed that but then I work in a different area.

You?
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  #152  
Old 29.03.2020, 18:37
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Re: Markets down - Invest now or wait further?

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I used to know quite a few very successful people in finance (that make 10-40m GBP annually for 10-15 years in a row) but almost you never see their names on the internet other some career movements or promotions. These are mostly head of trading at global investment banks or hedge funds.
I will call BS on 40 million for 15 years in a row, even UK partners at GS before floatation had a smaller annual share of profits, & they were the most successful in history, since floatation they have earned way less.

I guess you are an insurance salesman for a beers type operation, thats why you have never heard of Fundsmith, it would be rather difficult if as you say you are in the industry. OTOH Terry Smith is earning in excess of the no's you talk of , but then he has roughly Ģ500,000,000 personally invested in the fund so must have had some success in investing. (Day 1 he invested Ģ25,000,000 in the fund)
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  #153  
Old 29.03.2020, 18:39
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Re: Markets down - Invest now or wait further?

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Donīt know what you consider succesful, as my boss retired before he was 40 I consider that succesful. I havenīt managed that but then I work in a different area.

You?
In the City of London usually they leave at late 30s or early 40s if you have started at 25. Most of the front office people are set by that time.

If they climb to management jobs they don't retire until they are forced to. Why retire when you make millions a year just to manage 300 other people making money for you?
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  #154  
Old 29.03.2020, 18:43
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Re: Markets down - Invest now or wait further?

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If they climb to management jobs they don't retire until they are forced to. Why retire when you make millions a year just to manage 300 other people making money for you?
Because he made more money than he can spend in a life time? Because he had enough of it? If you have to ask, you are not at that level
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  #155  
Old 29.03.2020, 18:45
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Re: Markets down - Invest now or wait further?

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I will call BS on 40 million for 15 years in a row, even UK partners at GS before floatation had a smaller annual share of profits, & they were the most successful in history, since floatation they have earned way less.

I guess you are an insurance salesman for a beers type operation, thats why you have never heard of Fundsmith, it would be rather difficult if as you say you are in the industry. OTOH Terry Smith is earning in excess of the no's you talk of , but then he has roughly Ģ500,000,000 personally invested in the fund so must have had some success in investing. (Day 1 he invested Ģ25,000,000 in the fund)
Whatever you say about what I do, I don't really care about your opinion.

GS won't tell how much they pay their head of trading. From time to time we learn about their pay when there is a court case.
Usually though, head of sales/ trading are getting paid multiples of what the CEO or CFO is making at a bank because they are the money makers.
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  #156  
Old 29.03.2020, 18:48
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Re: Markets down - Invest now or wait further?

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Because he made more money than he can spend in a life time? Because he had enough of it? If you have to ask, you are not at that level
Are you? Where did I say that I was head of trading? These people won't spend their time posting on internet forums with unknowns.

It is never enough if you have it that easy trust me. I have met many that had management positions... nodoby wanted to leave.
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  #157  
Old 29.03.2020, 18:52
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Re: Markets down - Invest now or wait further?

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Whatever you say about what I do, I don't really care about your opinion.

GS won't tell how much they pay their head of trading. From time to time we learn about their pay when there is a court case.
Usually though, head of sales/ trading are getting paid multiples of what the CEO or CFO is making at a bank because they are the money makers.
You are wrong, GS produces accounts, Loyd Blankfein earned more out of GS than anyone in history. You really have no idea what you are talking about, for a clearing bank possibly, for GS no idea.
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  #158  
Old 29.03.2020, 19:00
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Re: Markets down - Invest now or wait further?

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You are wrong, GS produces accounts, Loyd Blankfein earned more out of GS than anyone in history. You really have no idea what you are talking about, for a clearing bank possibly, for GS no idea.
And you do because you are posting on an internet forum? ok whatever you say.

Who cares about what GS people make anyways.

PS The guy I have in mind at GS I know about him because he was at the same year/university with one of my friends and he knows him and his wife personally.
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  #159  
Old 29.03.2020, 19:02
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Re: Markets down - Invest now or wait further?

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And you do because you are posting on an internet forum? ok whatever you say.

Who cares about what GS people make anyways.

PS The guy I have in mind at GS I know about him because he was at the same year/university with one of my friends and he knows him and his wife personally.
You clearly do care
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  #160  
Old 29.03.2020, 19:08
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Re: Markets down - Invest now or wait further?

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You clearly do care
I know a guy from my university (same degree same year) that has a very successful career as head of investment banking at top investments banks. I don't care how much he is making but I do know how much he bought his house in London back in 2008 or 2009 and from that you can imply his compensation (at that time he was only a VP, he is an MD and head for the past 6-7 years).
You will never see him on CNBC or Bloomberg. And when I see him on Kings Rd he is a regular dude. At this level there are maybe 100 people like him in London.
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