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opinions on funds

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  • dunstonh
    dunstonh Posts: 119,814 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    As FTSE is now 40% lower than it was 10 years ago

    Although thats just the index. it doesnt take into account dividends. Someone who invested in a FTSE tracker 10 years ago would be up 8.14%. Not great but a long way from that 40% drop you are suggesting.

    Sensible investing wouldnt have seen people put all their money in one place and would have seen them rebalance to take advantage of the ups and downs.
    certainly a lot longer than the "5 years" advisers were trotting out until recently.
    5 years has never been considered long term. Its the absolute minimum you should consider and is the end of short term.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Aegis
    Aegis Posts: 5,695 Forumite
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    Well what you were telling someone was that they were too late, the market had already bottomed and was on the way up. But don't worry about it, you weren't alone so it's unfair to mention it.

    The market had then lost 19% since the autumn by 21 March before bouncing much of the way back by 19 May, which was shortly before you commented - before going 40% down.

    Which proves yet again that it is only retrospectively that we know where the bottom is or when it's when "a good time to buy".

    As FTSE is now 40% lower than it was 10 years ago, we should perhaps rethink what we mean by long term too - certainly a lot longer than the "5 years" advisers were trotting out until recently.

    If nothing else we should at least understand how little we know.

    That doesn't sound like something I would say, that the market had bottomed out. I may have stated that it had risen from its recent minimum, which would have been true at the time, or I may have phrased something badly, but I'm certain that I wouldn't have said or implied that the market had hit its low for a very long time.

    If I did, put it down to naivety: I've learned a lot in the last year.

    I did try looking through some of my posts a year ago to see what you were talking about as I'm genuinely interested, and most of my comments on investment seem to focus on clearing short term debt and only investing for an absolute minimum of 5 years or more, which is consistent with what I still say.

    However, what you've stated in your post is exactly what I explained in my previous one: that it's impossible to say that this is the best time to buy but that it IS possible to state that it's a better time to buy than X months previously. Which it now is.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • dunstonh
    dunstonh Posts: 119,814 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If I did, put it down to naivety: I've learned a lot in the last year.

    I wouldnt be too worried about it. We have to remember at what speed the events happened in the later part of the year and the wealthiest and most experienced and well known investors didnt see it happening on that scale either.

    You cant predict the unpredictable and as long as you know the loss potential and dont panic when it happens then you shouldnt need to worry when it happens.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • westy69
    westy69 Posts: 161 Forumite
    any more opinions on my fund choices though?? :rolleyes:

    thanks
    i am new to this investing business and value peoples experience/opinions as a learning tool - thank you
  • purch
    purch Posts: 9,865 Forumite
    any more opinions on my fund choices

    Some Corporate Bonds are looking good value at the moment, but you have to be selective and just shoving your ££ into a fund just because these are the 'flavour of the month' could be riskier than you would imagine.

    The Fidelity Fund is quite heavily invested in the Banking sector, and it's top 6 or 7 holdings are Government or Supranationals which are not looking such good value at present. Looking at the performance of the M&G Fund compared to the Index makes me think that Fund holds alot of Government Debt issues too.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Yes annoyingly the M&G Strat Bond on Morningstar doesn't give the %s of wheres its ivnesting (AAA, A, B etc.etc.).

    Also, I am going to be adding Bonds to my portfolio when I have my job, which won't be for another 4 months, as interest rates raise bond prices lower, so it could be a bit stupid leaving it to the last minute? (its a question rather than a comment...)
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    DiggerUK wrote: »
    I would not recommend anybody to invest in anything associated with stocks and equities.

    Gonads, My portfolio does indeed contain a percentage of stocks or equities, and they are showing a very healthy growth, not bad when I started investing towards the end of last year. As long as the portfolio is diverse and your fund manager has a proven track record then there are big gains to make over time. Stocks are cheap at the moment, yes they could go lower, but I am more optimistic than I was 5 months ago
    Liquidity is when you look at your investment portfolio and **** your pants
  • dunstonh
    dunstonh Posts: 119,814 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Yes annoyingly the M&G Strat Bond on Morningstar doesn't give the %s of wheres its ivnesting (AAA, A, B etc.etc.).

    I just checked analytics and its all on there. Check Trustnet as you should get some of the data available on analytics.

    The trend of the fund has seen BBB rated increase steadily over the last year (although reduced slightly in the last few months). AAA decreased after October but has been increasing again. Non rated has fallen.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    dunstonh wrote: »
    I just checked analytics and its all on there. Check Trustnet as you should get some of the data available on analytics.

    The trend of the fund has seen BBB rated increase steadily over the last year (although reduced slightly in the last few months). AAA decreased after October but has been increasing again. Non rated has fallen.

    Thanks, found it on trustnet. :beer:
  • maypole
    maypole Posts: 1,816 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I wonder what would be the best thing to do as far as investment is concerned, for my grandson, it would be long term, 15 - 18years. At the moment I just add to a little savings account but wonder if equities would be better.
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