BRM underperformed (to put it mildly) the Oz market by 18.25% in the last 2 years.
In the last two years, S&P/ASX 200 up 14.2% (5351 to 6110), while BRM is down 19% (73c to 59c) & total dividends paid totalled 10.77 over the 2 years (14.75%).
Let's not go back to 2006 when BRM was issued for $1.00!
Only mugs invest in this kind of fund.
That's absolutely shocking isn't it ! Woefully consistent underperformance.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
BRM underperformed (to put it mildly) the Oz market by 18.25% in the last 2 years.
In the last two years, S&P/ASX 200 up 14.2% (5351 to 6110), while BRM is down 19% (73c to 59c) & total dividends paid totalled 10.77 over the 2 years (14.75%).
Let's not go back to 2006 when BRM was issued for $1.00!
Only mugs invest in this kind of fund.
I guess I must fit into this category of mug investor, (in the particular investment) brought in in at $0.62 April 2016, today closed at $0.60, for some time I have been waiting for the opportunity to sell up.
You will have got some great divs waikare, how do they stack up over that time, what 8% div for an 0.3% loss on the share price atpit? Its like a bond but much better.
Instead of feeding the unethical fee guzzling fat cats masquerading as fund managers.
Exactly. If one takes a medium term 5 year view the SP has declined from 71 cents to 60 cents so investors have suffered a capital loss of 15.5% or 3.1% per year.
Take that off their 8% per annum in dividends and the real dividend return is just 4.9% per annum.
If people are happy with that then all I can say is they're easily pleased.
Last edited by Beagle; 08-05-2018 at 06:26 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by Balance
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