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28-04-2017, 07:42 PM
#291
Good question, why not ask the people at KFL for yourself ? I'm sure they would be happy to explain the detailed calculations to you !
Me ? I'm too lazy, but I'm not the one bagging KFL either.
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28-04-2017, 11:02 PM
#292
Originally Posted by kura
Good question, why not ask the people at KFL for yourself ? I'm sure they would be happy to explain the detailed calculations to you !
Me ? I'm too lazy, but I'm not the one bagging KFL either.
But you are happy to accept their calculations and NTA and 'dividend' yield?
Good one!
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28-04-2017, 11:29 PM
#293
Originally Posted by Balance
But you are happy to accept their calculations and NTA and 'dividend' yield?
Good one!
Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.
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29-04-2017, 07:38 AM
#294
Originally Posted by kura
Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.
Stay poor,while others grow wealthy,including Fisher Funds.
The choice is yours.
Last edited by percy; 29-04-2017 at 07:41 AM.
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29-04-2017, 09:50 AM
#295
Originally Posted by percy
Stay poor,while others grow wealthy,including Fisher Funds.
The choice is yours.
What dribble. I have had KFL for 5 years or so and when I look back on all the purchases and what they worth now I am more than happy. As for the old red herring of getting your capital back in dividends I ask the question, "should all the capital gains on the funds invested not be distributed"?
We all know the unbalanced individual on numerous threads who has hate relationships with certain people and never ceases to remind us. It just gets boring year after year and yet he accuses a member of being a Fisher plant. I just wish he/she wasn't quoted in posts as negates my "ignore" on him/her.
I picked up another 150,000 warrants this week to add to the ones I got last year and I sleep well at night thinking of what they will be worth in the months ahead. It has been a good buying opportunity.
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29-04-2017, 10:35 AM
#296
Originally Posted by kura
Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.
If asking a question about how performance fee is calculated constitute 'fraud', what can anyone say except "WOW'!
Strong language revealing the depth of emotional involvement?
'Never get emotional, it clouds your judgement.'
If it walks like a duck, quacks like a duck and behaves like a duck - it is a duck!
Last edited by Balance; 29-04-2017 at 10:45 AM.
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29-04-2017, 10:51 AM
#297
Interesting to note that in the last 10 years that :
1. KFL is down (yes, minus) 24.24%
2. NZ50 is up 71.51%
3. AIA is up 159.61%
Last edited by Balance; 29-04-2017 at 10:52 AM.
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29-04-2017, 11:04 AM
#298
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29-04-2017, 02:01 PM
#299
Member
When it comes to the fees and return of capital, a holder is effectively being charged 1.25% of gross asset value (reduced by 0.10% for every 1% of under performance relative to the change in the NZ 90 Day Bank Bill Index with a floor of 0.75%) to be paid their own capital back as a "dividend".
No thank you.
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29-04-2017, 04:51 PM
#300
Originally Posted by Balance
In the last 12 monts :
1. NZ50 is up 8.64%
2. AIA is up 12.93%
and ...... DRUM ROLL ....
3. KFL is down (yes, MINUS) 9.71%
Performance fees, anyone? Champagne is getting warm in Paris.
https://www.nbr.co.nz/article/kingfi...tment-b-192315
Fisher Funds wrong - 2 years in a row calling market direction. But out-performance fees nevertheless!
Did not know Fisher Funds have complete control over the stock price...
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