Anyone selling Invesco Perpetual Income

Jake'sGran

bendix wrote: »

No offence, but I suspect you've got it totally wrong. According to historic records, the unit price of these funds is considerably higher on both those funds now than it was in December 2008 - both accumulation and income units.

It is impossible to have made the loss you are saying you've made over that period.

I found the Contract Note and it shows a consideration of £2573.45 for 186.64 units
on 14.11.2007. In fact, the consideration was £2000.00. Quite a mistake I think and only a half-hearted apology from HL. So, I did not get it totally wrong, they did. In subsequent reports a loss is shown. You will probably say I should have spotted this error but I get so much paperwork and during the years between have undergone three major surgeries with long recovery periods so I will excuse myself.

sabretoothtigger

If the fund is showing a profit from 2007 thats a fair success?
I should say that I started with an asia pacific fund in May 2008, two months after Bear Stearns went under I decided in my great wisdom this was a good time to invest :laugh:
Anyhow it was just a tracker but I added funds up until March 2009 to fit in the with the tax year, it was an isa. I dont have the figures exactly but it did amazing, doubled from the lowest point if I remember right.

In 2008 we had the pound still at 2 dollars of course and we've still not come back from that drop so that favours the investments sent abroad before that drop so long as that business was stable and apparently asia pacific was.
Just a point in favour of trackers, doesnt really need a super star manager necessarily to weather the storm

feesarefare

StevieJ wrote: »

Well he was lucky with the Technology bubble as well, those companies didn't tend to pay dividends which is an anathema for an income fund, though many people credit him with avoiding that particular bubble.

lol - dividends come from profit which was an anathema for Technology companies. He was never going to be part of it - even if he could have been, he could probably have worked out selling dog food on line was never going to be the next big thing.

Jake'sGran

sabretoothtigger wrote: »

If the fund is showing a profit from 2007 thats a fair success? I should say that I started with an asia pacific fund in May 2008, two months after Bear Stearns went under I decided in my great wisdom this was a good time to invest :laugh:
Just a point in favour of trackers, doesnt really need a super star manager necessarily to weather the storm

Yes, it is showing a profit now.
Since I found this error I have been wading through other portfolio items to check if any look wrong.
Re Asia - I bought First State Asia Pacific Leaders (£2k)in Summer last year and it had gained 25% last time I looked but I think it is less now.

cepheus

Is this the one? Invesco Perpetual High Income Accumulation Units

Seems consistent with the FTSE Allshare market (blue) although the Allshare doesn't include reinvested dividends. There was some outperformance acheived by reduced losses in late 2008.

crux

I hold this as one of the funds in my pension, (Scot Eq, IP income Pn).

It is my second lowest performing fund over the past year. I'm selling because I already have a lot of exposure percentage wise to the UK with other funds and I want to reduce that a bit.

Also, I get stung with 1.95% AMC to hold this, on top of the 0.5% that my IFA gets.

I'm youngish and willing to accept higher volatility & risk in search of higher return.

Good or bad decision to bet against this fund manager?, time will tell.

feesarefare

crux wrote: »

I
on top of the 0.5% that my IFA gets.

Whats this for?

crux

It's for my stupidity at not taking any interest in my financial matters in the past :mad:

feesarefare

crux wrote: »

It's for my stupidity at not taking any interest in my financial matters in the past :mad:

I take it that you will be stooping that going forward then?

crux

feesarefare wrote: »

I take it that you will be stooping that going forward then?

They have me by the short and curlies for another 18 months. But then I will seriously look at the transfer value and my options.

The positive is that I have found a new life interest that should benefit my future wealth. So much to learn!