Financial Advice

[audiav]

Anyone have recommendations of advice services you use, to support your investing? Most here probably do it themselves and I have friends who are happy to hand over full control. Don’t really know anyone in the middle, who wants to keep in the game with advice (time poor, ie living life). Still young, 50!

I'm at the point where I have over 500K but less than a million, a bit of that in KiwiSaver but expecting further boosts into the future.

Chris Lee offers what looks like an interesting option.

Happy for DMs for recs.

[JBmurc]

Anyone have recommendations of advice services you use, to support your investing? Most here probably do it themselves and I have friends who are happy to hand over full control. Don’t really know anyone in the middle, who wants to keep in the game with advice (time poor, ie living life). Still young, 50!

I'm at the point where I have over 500K but less than a million, a bit of that in KiwiSaver but expecting further boosts into the future.

Chris Lee offers what looks like an interesting option.

Happy for DMs for recs.

IMHO not hard to read a few books on the subject and listen to those of us that do it for a job and have done for decades .. then make up your own mind

I know of a few brokers and they kiss ass to all their high net worth investors and milk fat fees while the returns are pretty average ..if you're happy with low returns buy some index funds- ETFs etc..

could always go 50/50 throw some with a local broker that's well know to be good at his trade

If someone come to me for a safer long-term investment ... I'd be putting forward a diverse set of undervalued blue chip resource stocks ... prob least 10x international stocks across the ASX-TSX-NYSE-LSE would be a good mix.. many pay very good dividends

IMHO it's very simple we humans consume and will always need resources be it food or minerals.... energy etc

[kiora]

Anyone have recommendations of advice services you use, to support your investing? Most here probably do it themselves and I have friends who are happy to hand over full control. Don’t really know anyone in the middle, who wants to keep in the game with advice (time poor, ie living life). Still young, 50!

I'm at the point where I have over 500K but less than a million, a bit of that in KiwiSaver but expecting further boosts into the future.

Chris Lee offers what looks like an interesting option.

Happy for DMs for recs.

Whats wrong with what you've got audi?
https://kernelwealth.co.nz/funds/global-100

[audiav]

I’m hoping using advice will value add to my decision making. Studies suggest advice should add at least 1-2% pa. No idea if those studies are bunk/self interested.

(In health we can medically manage (with meds) a heart attack, but if patient goes to a specialist for intervention (stent) etc then outcome is better for patient). That’s what I’m looking for.

Always read your investment strategies posts Kiora.
Have my own investment plan, drifting along, moving more to Bobdn strategy as time goes by. Which I’m happy with, but want to make sure I’ve got everything covered off.

[Wright]

Hi JBmurc,

Really enjoy your informative posts on stocks in the resource sector. Can I ask what your "10x" resource stocks would be as mentioned in the post below?



IMHO not hard to read a few books on the subject and listen to those of us that do it for a job and have done for decades .. then make up your own mind

I know of a few brokers and they kiss ass to all their high net worth investors and milk fat fees while the returns are pretty average ..if you're happy with low returns buy some index funds- ETFs etc..

could always go 50/50 throw some with a local broker that's well know to be good at his trade

If someone come to me for a safer long-term investment ... I'd be putting forward a diverse set of undervalued blue chip resource stocks ... prob least 10x international stocks across the ASX-TSX-NYSE-LSE would be a good mix.. many pay very good dividends

IMHO it's very simple we humans consume and will always need resources be it food or minerals.... energy etc

[JBmurc]

Hi JBmurc,

Really enjoy your informative posts on stocks in the resource sector. Can I ask what your "10x" resource stocks would be as mentioned in the post below?

If I was to set up a 10x resource stock for a guy that wanted great longer-term upside lower risk and diversity across resource sectors..

say if 500k was the budget..I'd put say



-APM-TSXV SILVER/GOLD (TIN) producer USA/Bolivia low P/E. -$50k

-ITE-TSX O&G Canada/UK producer High yield 8%+ sub 10 P/E. -$75k

-THS-LSE PGM/Chrome Producer very low P/E 6% yield -$50k

-NCX-TSX Large Copper/Gold development project/exploration in Canada -$25k

-PBR-NYSE-Petrobras O&G low P/E high 12% Yield -$75k

-SBSW-NYSE-PGM/GOLD/Zinc etc out of favour Giant PGM/GOLD miner longer term hold will reward -$50k

-MAY-ASX O&G Major Cuban Oil discovery soon to be producer growth stock -$50k

-KSN-ASX Gold/Silver/base metal producers will have very low P/E going forward. -$50k

-RDM-ASX REE/Cu/SILVER explorer with 50.1% holding in MMA Large Silver project in Aus -$35k

-KRM-ASX nickel, copper, PGE in the Nordic region 80% backed by large Cash balance great mgmt JV deal with BHP likely -$40k

[Wright]

Many thanks for taking the time out to put that list together. How many of them do you own?


If I was to set up a 10x resource stock for a guy that wanted great longer-term upside lower risk and diversity across resource sectors..

say if 500k was the budget..I'd put say



-APM-TSXV SILVER/GOLD (TIN) producer USA/Bolivia low P/E. -$50k

-ITE-TSX O&G Canada/UK producer High yield 8%+ sub 10 P/E. -$75k

-THS-LSE PGM/Chrome Producer very low P/E 6% yield -$50k

-NCX-TSX Large Copper/Gold development project/exploration in Canada -$25k

-PBR-NYSE-Petrobras O&G low P/E high 12% Yield -$75k

-SBSW-NYSE-PGM/GOLD/Zinc etc out of favour Giant PGM/GOLD miner longer term hold will reward -$50k

-MAY-ASX O&G Major Cuban Oil discovery soon to be producer growth stock -$50k

-KSN-ASX Gold/Silver/base metal producers will have very low P/E going forward. -$50k

-RDM-ASX REE/Cu/SILVER explorer with 50.1% holding in MMA Large Silver project in Aus -$35k

-KRM-ASX nickel, copper, PGE in the Nordic region 80% backed by large Cash balance great mgmt JV deal with BHP likely -$40k

[JBmurc]

Many thanks for taking the time out to put that list together. How many of them do you own?

own all but THS-SBSW-PBR ..that are all on the BUY soon list ...just waiting on MAY to drop the major news we have been waiting on for years and then I'll shift some of those funds across to those three ...

I hold a few others but real spec shares I wouldn't recommend for BUY n HOLD longer term as much riskier low cash base explorers ..but could 10x bagger etc

[Bjauck]

own all but THS-SBSW-PBR ..that are all on the BUY soon list ...just waiting on MAY to drop the major news we have been waiting on for years and then I'll shift some of those funds across to those three ...

I hold a few others but real spec shares I wouldn't recommend for BUY n HOLD longer term as much riskier low cash base explorers ..but could 10x bagger etc
Thanks for the interesting list and summary from me too.

Anglo-American maybe spinning off some of its subsidiaries after it turned down the BHP offer.

[Bjauck]

I’m hoping using advice will value add to my decision making. Studies suggest advice should add at least 1-2% pa. No idea if those studies are bunk/self interested.

(In health we can medically manage (with meds) a heart attack, but if patient goes to a specialist for intervention (stent) etc then outcome is better for patient). That’s what I’m looking for.

Always read your investment strategies posts Kiora.
Have my own investment plan, drifting along, moving more to Bobdn strategy as time goes by. Which I’m happy with, but want to make sure I’ve got everything covered off.
Do you own a house as well? If you have a remaining mortgage, it could be a good idea to pay that off and discharge the mortgage?

[JBmurc]

Do you own a house as well? If you have a remaining mortgage, it could be a good idea to pay that off and discharge the mortgage?

Yes debt free own home great target for any new investor ... in my case I did that via selling large new build home in higher-priced area and shifting the family to a quieter local with much cheaper property(which now has become much more expensive!!)

this allowed us to buy debt-free and free up some capital to trade with ... also if your planning on becoming a trader and taking on some leverage via bank loans to your share trading company then you can access Res rates using your own home equity .. and of course this interest will be a tax write-off

....also as you will see from my 10x resource stock picks I have a bias with PGMs ... this is because these metals have been sold-off heavily over the last few years yet demands will be outstripping supply esp in Platinum and think these very rare metals will head much higher in the years ahead

.I also think Uranium / Lithium have their case in a resource portfolio ..but haven't got one I think at present makes the lists as a better investment ... SBSW does have these minerals in the portfolio (go view my SBSW post in the overseas market thread)

worth a watch on PGMs

https://www.youtube.com/watch?v=47-_OnRmSwc&t=80s

[Bjauck]

Anyone have recommendations of advice services you use, to support your investing? Most here probably do it themselves and I have friends who are happy to hand over full control. Don’t really know anyone in the middle, who wants to keep in the game with advice (time poor, ie living life). Still young, 50!

I'm at the point where I have over 500K but less than a million, a bit of that in KiwiSaver but expecting further boosts into the future.

Chris Lee offers what looks like an interesting option.

Happy for DMs for recs.
My main KiwiSaver fund - Milford Active Growth - over the previous five years returned about 9%pa after tax (28%pir). That was slightly better than my own portfolio. The previous five year period my own portfolio did better. There is if course less work involved with the KiwiSaver fund.

So the non-KiwiSaver version of that could be worth considering if you are time poor.

[audiav]

My main KiwiSaver fund - Milford Active Growth - over the previous five years returned about 9%pa after tax (28%pir).

No mortgage, but don’t see benefit in rental.

That’s my main KS (has been good to me) and have now changed all future contributions to their Aggressive. Use Harbour for NZ/Aus and Global as well. And Kernel for index global. JBMurc caused me to reflect on backing myself. I do better than the fundies I use, I think mainly from reading and the lessons learnt from ST, like stoploss settings and walking away. I’m going to simplify my individual shares to better see the wood from the trees. Down to one global BRK which I buy like clockwork. Weirdly a share that doesn’t appear in any funds I have (or that I know of)

[audiav]

-KRM-ASX nickel, copper, PGE in the Nordic region 80% backed by large Cash balance great mgmt JV deal with BHP likely -$40k
This explorer interests me, thanks. PS I could never trade like you do. You are a machine!

[Wright]

Thanks JBmurc, just wondering how you identify those companies in the first place? Do you use some sort of software etc?



own all but THS-SBSW-PBR ..that are all on the BUY soon list ...just waiting on MAY to drop the major news we have been waiting on for years and then I'll shift some of those funds across to those three ...

I hold a few others but real spec shares I wouldn't recommend for BUY n HOLD longer term as much riskier low cash base explorers ..but could 10x bagger etc

[JBmurc]

This explorer interests me, thanks. PS I could never trade like you do. You are a machine!

"LOL I never went to UNI and have any qualifications .. certainly far FAR from the smartest sharetrader around..but I have come up with systems that seem to work

The simplest method I work with is the "EFFORT TRADER" in my core focus "RESOURCES"



It is all about consuming large quantities of information.. weekly week after week year after year decade after decade


I don't use stop-loss orders every morning bar SUN-MON I check 25x market instruments . ... gives me rough ideal how the day will flow... then on average I'll focus at least 2-3hrs in the weekday mornings on Marco market events/world events /commodities etc

Weather depended..Golf / GYM 2-4 mornings a week after this ...

A BIG weekday day

-Midday to 5-6pm ... Micro-focus on my portfolio 12-15x stocks

break dinner hang with kids

if I feel much more MICRO/MACRO INFO I want to take on work again from 9PM to midnight ...

Generally like to play COMP GOLF WED so much fewer hours maybe 3-4hrs

weekends maybe around 10hrs

but on average I reckon I spend between from 50hrs to 70hrs pw focusing on the resources stocks ///Macro etc

...Now much smarter people could prob take much less time but my brain needs time and repeat info to soak it in .. also some of my time is just like this post talking about the markets reading books etc

So you could say the harder I've worked the luckier I've got ..

[JBmurc]

More research I wouldn't rush into buying PRR... one for the watch list ...

[GTM 3442]

I see two financial advisers once a year as a "sanity check" to do a review of the portfolio in terms of portfolio structure and portfolio asset allocation. We review this stuff at both the strategic and tactical levels.

Each has their own skill set and their own combination of strengths and weaknesses, and I regard them as being complementary. I pay them for their time - they're not managing my portfolio for me.

I have a number of benchmarks, and once the benchmarks are consistently beating me, then it's time for me to pack it in and let the "experts" work their magic. But until then. . .

[audiav]

I see two financial advisers once a year as a "sanity check" to do a review of the portfolio in terms of portfolio structure and portfolio asset allocation. We review this stuff at both the strategic and tactical levels.

Each has their own skill set and their own combination of strengths and weaknesses, and I regard them as being complementary. I pay them for their time - they're not managing my portfolio for me.
.
That is a fantastic idea. I had never considered that strategy. Do you go armed with data showing what has happened?

[GTM 3442]

That is a fantastic idea. I had never considered that strategy. Do you go armed with data showing what has happened?

Of course - a copy of the Investment Strategy, a copy of the year's Tactical Plan and amendments, and performance by portfolio segment, asset class, and individual security against strategy, target, and benchmark(s).

After all, they can't do anything useful without that stuff.