We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Professional Finance people no better than amateurs
Comments
-
It is his opinion and that is his strategy and he likes it.
If all investors and fund managers agreed, no-one would ever buy or sell anything.No name calling. No making up of things or ignoring points. That is how you debate.
My mother always told me to disagree without being disagreeable, and gave me a whack around the head if I ignored her. That's how you raise kids!I also don't think we are that far different on the issue other than my willingness to consider managed funds more than he would on servicing cases where I am monitoring it more closely
That's the problem; you have to watch the sods. They keep changing their remit to try and beat their index rather than doing the role in your portfolio for which they were selected.
I've seen income funds suddenly start holding tech startups that have never paid a dividend (Rathbone Blue Chip Income & Growth with Telit Communications in its top ten!) and Liontrust Special Situations, who described themselves as small/mid cap stock pickers, but then stuffed themselves on Diageo, Glaxo and Unilever.
It's all far too much like herding cats.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
When top selling funds that counter your argument are presented, you dismiss them. Yet you present no evidence and expect people to believe you.
sooooo, you give a name of unit trust and believe that is an "argument" that unit trusts work? is that the intellectual debate of an IFA?
i could give the names of horses that have won the Derby, does that mean betting on the horses is a good investment?0 -
sooooo, you give a name of unit trust and believe that is an "argument" that unit trusts work? is that the intellectual debate of an IFA?
I could give you hundreds of names but you are never going to be happy with it so what is the point.i could give the names of horses that have won the Derby, does that mean betting on the horses is a good investment?
You bet on horse to come in first (or top 3 places). it may or may not. If you apply tracker mentality to horse racing then the tracker horse would be middle of the field every race.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
You make the decision on the basis of what you think is best for you and whether you think paying more for potentially greater returns is worth it. In some areas it is. In some areas it is not.
perhaps it is better to look at academic evidence before you make decisions though? there is stacks of evidence that active management isn't worth it, should you take that evidence into account? or do you just ignore it?0 -
perhaps it is better to look at academic evidence before you make decisions though?
How does the academic evidence explain that i (like many advisers) manage to pick more funds that exceed benchmark than those that do not?there is stacks of evidence that active management isn't worth it,
Yet there are stacks of people who invest with better returns (and just as many that do not).should you take that evidence into account? or do you just ignore it?
I dont ignore it. I make an informed choice to use trackers or managed depending on the scenario I am looking at.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I could give you hundreds of names but you are never going to be happy with it so what is the point.
You bet on horse to come in first (or top 3 places). it may or may not. If you apply tracker mentality to horse racing then the tracker horse would be middle of the field every race.
yeah, and i could give you thousands of UTs that have been duff.
the next step of this intellectual discussion would be to discuss how the typical UT performs, and luckily enough all those boffins in university have done the number crunching for us. And the results from these boffins is ..........*drum roll*....... there is no evidence that active management delivers long term alpha returns.
well fancy that, who would have thought all those IFAs and fund managers creaming off a percentage of clients investments would have resulted in poor returns for customers.0 -
How does the academic evidence explain that i (like many advisers) manage to pick more funds that exceed benchmark than those that do not?
ahhhh excellent, i've been wanting to see some good solid evidence that fund management works. some of the people here have only been asking if such evidence exists for a couple of years.
on you go then, post us a link.
who's it by? oxford? cambridge? i'm so excited!!! :j0 -
You bet on horse to come in first (or top 3 places). it may or may not. If you apply tracker mentality to horse racing then the tracker horse would be middle of the field every race.
Also, as in horse racing, the gains from a winning investment can be far in excess of the losses from backing a loser.0 -
ahhhh excellent, i've been wanting to see some good solid evidence that fund management works. some of the people here have only been asking if such evidence exists for a couple of years.
on you go then, post us a link.
who's it by? oxford? cambridge? i'm so excited!!! :j
No point. Every time a fund has been mentioned previously you dismiss it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards