Fund managers

qpop

OK Darkpool, please quantify your returns, gross and net of stockbroking fees, then calculate the ratios for your portfolio, then we can compare them to the net return of OEIC managers.

Money where mouth is please.

darkpool

qpop wrote: »

OK Darkpool, please quantify your returns, gross and net of stockbroking fees, then calculate the ratios for your portfolio, then we can compare them to the net return of OEIC managers.

Money where mouth is please.

i would find it hard to quantify my returns. however my broking fees are maybe 0.1%...... a lot lower than the 3% charged by a UT.

the stockmarket maybe returns 5% a year after inflation. to pay 3% annual fees means that the UT investor gets less from his investment than the array of advisers do.....

Ark_Welder

darkpool wrote: »

i would find it hard to quantify my returns. however my broking fees are maybe 0.1%...... a lot lower than the 3% charged by a UT.

the stockmarket maybe returns 5% a year after inflation. to pay 3% annual fees means that the UT investor gets less from his investment than the array of advisers do.....

So you aren't even able to work out your own returns, so you can't demonstrate that you are able to even beat an actively managed fund after deduction of fees - for them and for you...

What a load of trollocks!

Lokolo

darkpool wrote: »

i would find it hard to quantify my returns. however my broking fees are maybe 0.1%...... a lot lower than the 3% charged by a UT.

the stockmarket maybe returns 5% a year after inflation. to pay 3% annual fees means that the UT investor gets less from his investment than the array of advisers do.....

You realise that the fund manager doesn't get all of that 3% that you've "calculated"?

qpop

It's ok though guys, he thinks the fees he pays to stockbrokers goes to friendly folk, not those evil fund managers.

Oh, and the fact he's unable to work out the returns he makes, definitely doesn't allow for institutional investors to take advantage of his naivety!

darkpool

Lokolo wrote: »

You realise that the fund manager doesn't get all of that 3% that you've "calculated"?

but that 3% still goes to all those City professionals. Do you agree that 3% is a reasonable guess for the annual fees of a UT? if not what % do you think the annual charges are?

this is a consumer website, i'm just pointing out that a lot of UT investors seem to be getting a raw deal.

jem16

darkpool wrote: »

this is a consumer website, i'm just pointing out that a lot of UT investors seem to be getting a raw deal.

If I get more return after charges from one share, UT, IT, ETF or whatever, what does it matter who else gets what?

Do you worry about who gets what when you go into a supermarket and choose which brand of beans to buy?

darkpool

qpop wrote: »

It's ok though guys, he thinks the fees he pays to stockbrokers goes to friendly folk, not those evil fund managers.

Oh, and the fact he's unable to work out the returns he makes, definitely doesn't allow for institutional investors to take advantage of his naivety!

if i buy 10k worth of shares through my broker i pay 15 pounds. perhaps you could tell me how much it would cost to buy 10k of UTs? is it not about 5% with annual costs of 3%?

so a 10k investment into UTs is likely to cost me over 3 grand in fees over the next 10 years? of course i would be happy to pay those fees if the fund manager delivered the goods, however the evidence says that fund managers don't deliver any long term alpha return.

i graduated in 1998. at the time i had about 10k in assets, my total personal assets today are worth about 400k. i don't have an exceptionally well paid job and have not inherited any money. i think when it comes to money management i do ok.

darkpool

jem16 wrote: »

If I get more return after charges from one share, UT, IT, ETF or whatever, what does it matter who else gets what?

Do you worry about who gets what when you go into a supermarket and choose which brand of beans to buy?

it matters because you might be paying someone money who simply got lucky. people win on the lottery, do you think they have an ability to pick random numbers? or are they lucky?

Linton

darkpool wrote: »

i....

i graduated in 1998. at the time i had about 10k in assets, my total personal assets today are worth about 400k. i don't have an exceptionally well paid job and have not inherited any money. i think when it comes to money management i do ok.

Wow - so through your skilful investing in, I guess, UK shares you have been able to achieve a spectacular return.

But you keep on telling us that its impossible to perform significantly better than the Index over an extended period.