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Thread: BeeBop does UK

  1. #76
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    For me, Investment trust have outperformed. BUT I have been careful on my purchase value e.g I buy when they are below their average price/NAV AND I select strong performance over 1 yr, 3 yr, 5 yr and 10 yrs. SMT has outperformed over the long-term so I am guessing that you bought in on a high. I own MNKS (little brother to SMT) and it has performed exceedingly well for me. I chose it over SMT as it is more diversified and is less exposed to the high tech stocks that have suffered recently. Of course, both SMT and MNKS are long term holds, not for those that can’t weather a down year. SMT has certainly outperformed it’s global passive index (Global IT) over 10 years.

    The two screenshots below are of SMT and come from www.trustnet.com

    434EA2AC-2682-4C0B-A9A2-D61B1222E0C2.jpg
    56787411-EACD-49DE-9D3D-0696AFEE2246.jpg



    I read this article only a day or so ago, and I think it provides good reading on the topic https://www.trustnet.com/news/745751...06ead-77298025

    I do have one ETF (on the US exchange), and it is IGF which is an infrastructure fund. I purchased this as an ETF as I couldn’t find any Investment Trust that clearly outperformed the index. There are many listed trusts that are merely index trackers (and I have held them too until I wised up to the indicators, in fact, I think that my Merchants is barely better that tracking the FTSE100 but it is more reliable in a downmarket and has a better yield and 130 yr strong performance history).

  2. #77
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    Quote Originally Posted by nizzy View Post
    BB, enjoy the break and hope you make to Oban and Stewart Is. Wonderful winter weather at moment and with Trump & Xi talking again, we can expect markets to remain upbeat for a little longer...
    Nizzy;

    Thank-you, I have booked and paid for the trip over - super keen on visiting Ulva Island there too.

    Thankfully, I have been super busy so have not been spending too much time looking at the markets....mostly focused on preparing another wee property and have been in my ‘grease monkey gloves, swandri, beanie, and 1994 car with old tapes beating out of the ‘stereo’ with my wind-down windows!!...that is what I call a holiday.

  3. #78
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    Quote Originally Posted by voltage View Post
    BB you use investment trusts, how do they now compare with the many ETFs available. I use Scottish Mortgage as my active manager with a low MER below 0.5%,. I have a few specialist ITs in biotech and health but have been disappointed.
    Voltage

    in my morning reading today, I have just read this article and thought of your post. I have done very nicely out of JEO, and as an IT it has performed way above its passive index meaning that its fees are not really an issue (for me). However, my big issue is always being aware of its holdings; in particular its very high exposure to Wirecard and by a lesser amount RELX (the main reasons I bought in) AND the fund manager’s name/reputation.

    https://citywire.co.uk/investment-tr...+Insider+Daily

    Recently, Neil Woodford’s Fund has been a disaster for investors. Many investors went with him due to his reputation and he was confident, forgetting (in my opinion) that he was managing other people’s money and that the fund was more of a “patient” fund (you may or may not get the pun). Many, also, believe in Nick Train’s fund which has around a 100% premium on it, again, investors piling in on the brand and history alone. We all know what happens to those who think the past predicts the future. So for me, I am a constant watcher of the fantastic funds as I don’t want the manager to be the value....it should be the holdings.

    Short Update on Folio

    On another note: I sold my index fund IGF on the NASDAQ 30 minutes ago. It has performed very nicely in my four month holding, was in USD, and the GBP has just dropped again (or more likely the USD has strengthened), so the money is going over to my child’s school fees, 0% interest, forward school fees account, to pay for the 2020/2021 fees, which puts me nearly two years paid up in advance. The cash in the hand, where there is a financial target to meet is fundamental to my sanity and ability to invest. I can buy some more IGF in another market lull when I am gathering USD again.

    And today is my last morning of wearing my grease-monkey gloves, old beanie, and driving the old car. I have to done my shirt, blazer, and jump on an aeroplane again ready for a bit of face-to-face property work for a couple of days.....soon after, though, I get my kid off an unaccompanied minor flight from the UK, we slip on our Swandri’s, gummies, beanies, and get ourselves to Stewart Island. The financial market can palpitate all it wants as I will have no short-term bad debt, I have school fees, and have cold hard cash in my pocket from selling old stored stuff on trademe!

    All the best, and enjoy investing, just don’t look short, or get caught short!

  4. #79
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    A bah humbug now....I finally took the bullet and sold my Jupiter India fund. I got a bit caught out with this one due to the takeover of Internaxx which meant that I got hit with increased fees due to the non-compliance of the unit trust (note: I don’t like unit trusts, I prefer listed investment trusts). In addition to that, the fund has not performed well due to the manager having predominantly domestic stocks in India which are not enjoying the growth that the export sector is getting.

    As I am trying to concentrate the growth folio, it made sense to sell this. It is a tiny holding and the holding costs are about GBP100 per year, the same cost as my entire folios costs for using Internaxx. So a 14.10% loss has been swallowed (but hasn’t really dented the bottom line just my ego).

    Now the challenge is where to put the funds....I think I will add to my CAML (Central Asia Metals) holding as it has no stamp duty, pays around 5.5% dividend, is kind of emerging, is well undervalued, and increases my exposure to commodities.

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