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80 cents now.
So what does Fisher Fund bring to international investing?
Barramundi is now 93 cents. If Australia is hard for them, how can intternational work for them?
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Remember to price in the generous management fees as a discount to NAV. Plus poor performance means the discount widens.
Remember BIL? It traded forever at a 10% to 25% discount, save when the Singaporeans were dumb enough to pay a premium. And boyo, did they regret it or what.
KFL is going backwards. BRM is struggling. Where is Fisher Fund competitive advantage in the international markets?
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don't forget the options...
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Advantageous prices? You mean like buying TUA at $2.40, then $3.20 and then, $4.00? Then selling out at $2.10?
Or Rakon? Buying at ever higher prices and now, unable to buy or even sell?
Or PPL?
LOL ... you have a lot to learn about managed funds, it seems?
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You are very biased , should of taken the name unbalanced !!
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Member
I went to a Fisher Funds roadshow recently and their track record is very good. BUT they have not had to perform in a bear market yet. It will be interesting to see how they go over the next 3 to 5 years.
Discl. Have a few Marlin Fund.
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Right on Hommel , any fool (except me ) can make money in a rising market ,we have just had the best 8 years of growth ever so its no wonder that the Fisher funds are cock a hoop but they havent been too smart in picking companies that have a fool proof business plan , mostly didnt allow for a weakening U S $
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You cant really blame Fisher for failing to see the dollars sustained rise.
There barely a company in the southern hemisphere that saw the US dollar becoming so weak for so long.
Most the aussie listed funds are in exactly the same boat
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Originally Posted by ratkin
There barely a company in the southern hemisphere that saw the US dollar becoming so weak for so long.
McDunk has been bearish on the $US for a long time. He says it's ruined. You can't spend money the way they are in Iraq and not have consequences.
The continued strength of the New Zealand dollar is harder to explain. Good government by Helen perhaps...... (Exits stage left in hail of rotten fruit)
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You think the USD is stuffed? Think about the NZD if thats the case about spending.
US has deficits of around 6% of GDP, we have around 9%...think about it.
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