Thanks Silver it is indeed. Im constantly seeing and hearing comments re what PIE is buying/holding/selling; Mike and co are frontrunners and have a lot of kudos. I have 3 of their 4 funds and have just checked their performance. They are
Pie Emerging .....held for re 9.5 months; Gain 67.3% as of today
Pie Div fund........held for re 9 months;Gain 14.5%
Pie Global fund....held for re 6 months; Gain 5.2% still re 40% in cash. cheers JT
Last edited by Joshuatree; 04-04-2014 at 11:28 PM.
I see my Doctor is on the investment committee.
He did mention something about this to me a year or so ago.
I would point out that the funds are all very recent and, with the possible exception of one, only short term results are available - all drawn from a bull market.
I see my Doctor is on the investment committee.
He did mention something about this to me a year or so ago.
I would point out that the funds are all very recent and, with the possible exception of one, only short term results are available - all drawn from a bull market.
What's " all very recent " the Aust Growth was established Dec 2007, 100k now 350 K ....
from memory 2008 wasn't a bull market .........
What's " all very recent " the Aust Growth was established Dec 2007, 100k now 350 K ....
from memory 2008 wasn't a bull market .........
yeh I said with the exception of one fund ...which is obviously the fund that existed during 2008
very recent effectively means 'one market cycle'
I do accept the results look good but my point is they haven't really been tested through downturns or even long stagnant phases.
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