Professional IFA HELP needed for £80,000

Chrismaths

Carnet, tut tut. You have just made a good and reasoned post that doesn't fit in with Ed's view of investing. That's the end of this thread...

wongseefu

Hi,


Does anyone know of a good site which has up to date info. on fund comparison?

Regards,

moneyandmountains

If you want information on historic data and fund composition, then
Morningstar https://www.morningstar.co.uk
and Trustnet https://www.trustnet.com
are reasonable

carnet

Chrismaths wrote:

Carnet, tut tut. You have just made a good and reasoned post that doesn't fit in with Ed's view of investing. That's the end of this thread...

ROTFL

Yes, we're all used to her running away (to her next inexperienced and impressionable novice investor) in the face of irrefutable facts which just don't happen to fit with her blinkered and inflexible views.

dunstonh

trustnet isnt bad but they omit a lot of funds. Morningstar is quite detailed but information can be quite out of date.

Probably done on purpose as both providers have feeds and information you can pay for. If they gave away too much, no-one would pay for the other feeds.

jamesd

Please don't taunt EdInvestor - attacking people isn't appropriate, proving their thoughts wrong is.

EdInvestor

carnet wrote:

Basically a fund manager only wants to invest in his very best ideas.This usually means a limited number of holdings (hence the popularity of launching "Alpha" funds, with far fewer holdings than hitherto in recent times - as few as 20 in some cases).

Gosh, really.Sounds like an HYP

The sheer weight of money that can flood some funds (more of an issue with small caps and some spec sits funds than with large caps such as the likes of Woodford's) can prevent the manager from acquiring as much stock as he would like of certain companies.

It might prevent the manager from acquiring the stock at a good price ( if they are watching him and see him coming) but any decent large house ought to be able to sort that: IIRC Standard Life managed to dispose of some 8bn quid's worth of equities in around 4 or 5 months in 2002 without anyone noticing - that's considerably bigger than either the Bolton or Woodford funds.

Agreed it could be a problem with small caps which have poor liquidity but surely most small cap funds tend to be smallish anyway, because they are high risk.

He has to invest the money somewhere so, by necessity, has then to resort to his "second (or maybe even third or fouth) best" ideas. This is obviously less than ideal.

But again this will surely usually be if his first choices are small caps. How many very large funds are out there which specialise in small companies?

carnet

EdInvestor wrote:

Gosh, really.Sounds like an HYP ?

Golly, who said it wasn't - but who mentioned anything about a high (or any) yield ?

EdInvestor wrote:

Agreed it could be a problem with small caps which have poor liquidity but surely most small cap funds tend to be smallish anyway, because they are high risk.

Are they ? Why don't you try some DYOR which you (until recently) in your signature urged others to do.

EdInvestor wrote:

But again this will surely usually be if his first choices are small caps..

]

What do you think many Special Situations are ? (BTW Do you believe Bolton came up with 600 of them, mainly in the UK ?). What about the Equity Income "barbell" exponents ?

EdInvestor wrote:

How many very large funds are out there which specialise in small companies.

Again try some DYOR but, for a start, there is Old Mutual UK Sel. SC which recently (soft) closed its doors at the £500 million mark.

Jake'sGran

carnet wrote:

ROTFL

Yes, we're all used to her running away (to her next inexperienced and impressionable novice investor) in the face of irrefutable facts which just don't happen to fit with her blinkered and inflexible views.

I have not acted on advice from EdInvestor but have always been interested in her comments. You will always stay in my memory as the irritable one but I won't hold it against you. It is off-putting though! Dunstonh seems to be able to have views that differ to others on this board but always seems polite, making him a good FA all round.

EdInvestor

carnet wrote:

Again try some DYOR but, for a start, there is Old Mutual UK Sel. SC which recently (soft) closed its doors at the £500 million mark.

OK, here's the size of the 7 of the 10 best small cap funds over the last three years according to Trustnet (info not available for 3 funds).

492m (the Old Mutual one)
226m
39m
475m
103m
113m
867m

Even if the three missing funds are pretty modest, it doesn't seem to suggest that small is beautiful even in the small cap sector, where such a principle would be more likely to apply - if there was any basis to the principle at all.