Woodford Predictions

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Zola.
Zola. Posts: 2,204 Forumite
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edited 2 December 2017 at 8:11PM in Savings & investments
https://www.ft.com/content/64bfef5c-d5d0-11e7-8c9a-d9c0a5c8d5c9

Has a point about Bitcoin for sure, but for all else, how can he know for sure..other than it is inevitable, some day!
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  • OldMusicGuy
    OldMusicGuy Posts: 1,758 Forumite
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    Link is behind a paywall. Please give us a summary of the main points.
  • talexuser
    talexuser Posts: 3,499 Forumite
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    http://www.telegraph.co.uk/investing/shares/neil-woodford-says-markets-bubble-will-inevitably-burst/
  • bostonerimus
    bostonerimus Posts: 5,617 Forumite
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    Wow I'm shocked.....it shouldn't need some overpaid fund manager to tell anyone that we are in a bubble. This is obviously a nice little advertisement for Woodford in an effort to rationalize his recent poor performance and to convince some more punters to give him their money. I won't be buying anything he's selling.
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
  • A_T
    A_T Posts: 959 Forumite
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    edited 2 December 2017 at 10:37PM
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    Sounds like he's hoping there will be a crash so his conservative stocks will look good in comparison to others. But how much growth will he have missed out on in the meantime?
  • capital0ne
    capital0ne Posts: 872 Forumite
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    Well, he's not done so well recently, just pure luck he's done so well in the past - in reality no one knows what will happen - it's all just guess work with a bit of research thrown in for good measure.
  • Kendall80
    Kendall80 Posts: 965 Forumite
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    capital0ne wrote: »
    Well, he's not done so well recently, just pure luck he's done so well in the past - in reality no one knows what will happen - it's all just guess work with a bit of research thrown in for good measure.


    Indeed - it has been a dismal performance by him.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
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    Looks like just another fund manager talking his book. Ramping stocks he has bought, and seeking new investors to replace those deserting him because of his recent poor performance.
    Its called 'Market Noise', and its best ignored.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • ischofie1
    ischofie1 Posts: 215 Forumite
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    Reminds me of Mervin King post Brexit vote.
    He called an imminent market crash inevitable.
    So here you had someone who's job it was in 2007 to foresee market crashes & he was asleep at the wheel but he definitely could call a crash post Brexit when it wasn't his job to do so.
    Oh & markets ripped up post Brexit.
    I'd put Woodford'd opinion as nothing more than guesswork & like a broken clock, he'll be right one day.
  • talexuser
    talexuser Posts: 3,499 Forumite
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    Reminds me very much what many were saying about his funds lagging during the tech boom 17 years ago.
  • BananaRepublic
    BananaRepublic Posts: 2,103 Forumite
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    talexuser wrote: »
    Reminds me very much what many were saying about his funds lagging during the tech boom 17 years ago.

    It does. He was lambasted at the time, but later shown to be right. Maybe it is time to buy into his funds?
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