Anyone selling Invesco Perpetual Income

StevieJ

crux wrote: »

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!

I thought the IFA received a kickback out of the 1.95% and you wouldn't have to pay any more? Perhaps Dunstonh
can comment.

crux

I think I was misleading in my post.

I have a 0.55% charge per month for 5 years on all contributions made in the first 5 years, it's an establishment charge rather than an additional AMC.

cardsharps

crux wrote: »

Also, I get stung with 1.95% AMC to hold this,.

That's criminal. You should just buy the usual suspects - Glaxo, AstraZeneca, Vodafone, etc. and save yourself from the fund manager milking you for 2% of the fund's value year in , year out.

Jake'sGran

Jake'sGran wrote: »

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.

Maybe I should give up! The comment re First State Asia Pacific is seriously wrong. On £3k invested last year it has gained £1247.It is Fidelity China SS that has performed as above.

Jake'sGran

cepheus wrote: »

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.

Re your graph - the fund that I originally enquired about was Inv.Perpetual INCOME (Inc units) not the one in the graph.

talexuser

with Inc reinvested it's around 5% down compared to the All Share over 3 years. It did significantly better than the All Share in the dip of 08/09. Over 5 years it's around the same amount ahead of the All Share, everything reinvested.

Jake'sGran

Sparky47 wrote: »

The fund has been a bit disappointing the last few months but still fairly good over the longer term.
If I swap to another income fund it is sure to improve so will stick with it for now and see how it goes.

News today (Trustnet) is that this fund has now dropped and is a third quartile performer. It is ranked 49th out of 94 income funds. I might switch and go for one that has continued to do well in the past year or so.

utigers

I am a Growth investor, so this fund doesnt really interest me. I have read the comments on here though and dont understand the logic in some of them. When I invest I look at a few things Crown Rattings/AAA Ratings of the fund, the managers track record with the fund (must be 5yrs+) amongst others.

This fund would be on my radar if I wanted an income investment as it ticks ALL the boxes.

Given its recent average performance this would actually want me to invest more, as the fund manager cannot be expected to outperform month by month all the time and the stock is cheap.

If you are selling its on recent performance? I guess you bought on past performance too?

The fund manager is the guy you invest in, if you are selling I think you need to re-evaluate your strategy.

Jake'sGran

utigers wrote: »

I am a Growth investor, so this fund doesnt really interest me. I have read the comments on here though and dont understand the logic in some of them. When I invest I look at a few things Crown Rattings/AAA Ratings of the fund, the managers track record with the fund (must be 5yrs+) amongst others.

This fund would be on my radar if I wanted an income investment as it ticks ALL the boxes.

Given its recent average performance this would actually want me to invest more, as the fund manager cannot be expected to outperform month by month all the time and the stock is cheap.

If you are selling its on recent performance? I guess you bought on past performance too?

The fund manager is the guy you invest in, if you are selling I think you need to re-evaluate your strategy.

Thank you for your comments. Neil Woodford, the manager, is rated as an Alpha manager. I am embarrassed to say that I have never had a strategy. Investing is a hobby for me and, of course, I don't always get it right. But any losses I have made (on shares in particular) have been recouped on a few great performers.