Invesco Perp High Income

artha

StevieJ wrote: »

I note there is a comment about Woodford being slated for not including Tech stocks during the tech boom and being proved correct, is this not a myth as those particular stocks did not in general pay decent dividends (if any), not a good idea for an income fund

That seems like a well made point.

artha

StevieJ wrote: »

I note there is a comment about Woodford being slated for not including Tech stocks during the tech boom and being proved correct, is this not a myth as those particular stocks did not in general pay decent dividends (if any), not a good idea for an income fund

As previously posted I think this seems, on the face of it, a good point. i.e.was it choice not to buy into the current "best thing" or was it the fact that hands were tied in such a big fund requiring income rather than growth.

artha

I would have thought that the comment made by StevieJ would have generated more comment. Why has this comment not been made at the journalistic level?

After the comment by StevieJ it now makes perfect sense to me for my purposes.

artha

artha wrote: »

I would have thought that the comment made by StevieJ would have generated more comment. Why has this comment not been made at the journalistic level?

After the comment by StevieJ it now makes perfect sense to me for my purposes.

Perhaps I posted at a time when the wrong people were online but I'm surprised that not one of the regulars has given any response to this comment on the debate about a fund that many people hold

If it helps I'm not anti Neil Woodford. I hold a very large sum in his(?) monthly income plus fund which has done very well over the last 12 months but I guess may run out of steam at some stage

laffer

The fund has delivered reasonably well. It is quite a safe fund for those who wish to invest but not risk the entire savings pot. For those looking for dynamic risk and consequent returns then this fund is not for you. For those looking for a fund manager with a responsible proven track record then this is a reasonable fund.

artha

laffer wrote: »

The fund has delivered reasonably well. It is quite a safe fund for those who wish to invest but not risk the entire savings pot. For those looking for dynamic risk and consequent returns then this fund is not for you. For those looking for a fund manager with a responsible proven track record then this is a reasonable fund.

I agree and thanks for the rely but I was looking for a response as to why this fund has been applauded for not taking part in previous rallies when its remit didn't allow it (as I interpret the post by StevieJ earlier)

Richard_DandR

Are you referring to the comment on not investing in tech stocks?.

Quite a number were new companies and didn't pay dividends. Quite a few went bust once the dotcom boom expired while others remain way below the share prices achieved in the late 90s.

Look at
Sage - down 60%+ over 10 years
Autonomy is about 50% of its price in 2000
Filtronic was over £20 and is now 30p
Psion was over £40 and is now 80p

ARM has done ok though almost doubling since 1999.

He also avoided banks over the last few years which must have been a difficult decision as the yields were quite good. On the other hand he also avoided mining which has seen a big rise but then the yields are not generally so good.

StevieJ

Richard_DandR wrote: »

He also avoided banks over the last few years which must have been a difficult decision as the yields were quite good. On the other hand he also avoided mining which has seen a big rise but then the yields are not generally so good.

Miners are similar to tech stocks re yield, I agree a top call by Woodford on the banks though, then again the Jupiter Finance fund swerved them as well, must have been difficult for a fund devoted to finance

Old_Slaphead

Richard_DandR wrote: »

Look at
Sage - down 60%+ over 10 years
Autonomy is about 50% of its price in 2000
Filtronic was over £20 and is now 30p
Psion was over £40 and is now 80p

Not sure about others but Psion £40 and Filtronic £20 - when was that then ?

barny_100

I thought this would have been bumped to point out by luck or judgement Mr Woodford has ducked taking a massive hit on a BP investment! Down 15% post spill so far I believe?