BlackRock Gold & General

sorcerer

I am thinking of removing this fund from my ISA, it seems to be performing very badly, and hasn't been able to perform well this year, despite many other funds doing well.

What do you think?

Ximian

Which specific BlackRock Gold & General fund though?

BLACKROCK GOLD & GENERAL A ACC
BLACKROCK GOLD & GENERAL A INC
BLACKROCK GOLD & GENERAL D ACC
BLACKROCK GOLD & GENERAL D INC

BLACKROCK GOLD & GENERAL D ACC:
http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=CPGG&univ=U&typeCode=FFMP2&pagetype=performance

sorcerer

Blackrock gold & general a acc

redmalc

I am also in Blackrock Gold & General but A Income and it as been very poor over the last 6 months ,i noticed it dropped 34 pence yesterday.
I am moving out

dunstonh

hmm. Might be time to move in.

jimjames

dunstonh wrote: »

hmm. Might be time to move in.

That would be my thought.

Rather than selling out why not buy more of the fund if the reasons why you invested in the first place are still valid.

darkvader

redmalc wrote: »

been very poor over the last 6 months ,i noticed it dropped 34 pence yesterday

Every fund can have a low period and 6 months is not enough a time to gauge if it's going down hill. What guarantees do you have that the next fund you pick wont have a 10 month down time in a few months from when you invest?

It's best to pick a fund that has consistently performed well, not necessarily the best, but performed in the top 25% of the funds in its category - this way you have more certainty your investment wont take badly when things go bad or lag behind when things start to climb

Trust me, moving out a fund because of 6 months is not the right way to go. Average your holdings. Funds should be viewed with a minimum time frame of 3 to 5 years, these days even 3 years seem to short a time frame

All the best
DV

sorcerer

I realise 6 months is not long, but when you see everything else going up, and I hold about 15 funds and 1 is going down, then you start to think, is this something you really want to hold?

sabretoothtigger

Gold peaked in Sept
Not surprised are you, eventually the miners will be making so much they will be forced up by excessive cash but mines are very expensive and alot of profits are being used for investment not share returns hence the stock market is short sighted and gold is seen as being dangerously over priced

Nowhere close to true so far as I know. Not sure if Blackrock is especially bad but I doubt it, I hold investec


6 months is not only not long, it was absolutely the wrong time frame to have taken a special interest. try 3yr annualised as a comparsion

I hold about 15 funds and 1 is getting cheaper, then you start to think, is this something you really want to buy more of?

corrected and yep sure, if the prospects are good still

jimjames

sorcerer wrote: »

I realise 6 months is not long, but when you see everything else going up, and I hold about 15 funds and 1 is going down, then you start to think, is this something you really want to hold?

So which fund do you add more to, the ones that are rising or the one that has dropped. If something has already risen then that may not be the best time to be buying it while something that has dropped may be worth getting in order to increase your profits.

Personally I try to be a contrarian so aiming to buy when prices have dropped. Not so easy to do but if the prospects are still good it seems better to buy something that is cheaper than it was 6 months ago.

sorcerer

I continue to add money on a monthly basis to Gold and General, but I wonder if my money would be better spent on Smith and Williamson or CF Ruffer baker gold. The last three years for Gold and General has been, 42%, -18% and 10% this year. Which for me is not good enough. I have an agressive portfolio, and could make more in indonesia or bio technology for example.

I try to justify every fund I hold based on a set of criteria, for me it's borderline at the moment.