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!
Fees
Comments
-
I liked the idea behind the manek fund, not sure if it's still going. I recall he won the amateur investment competition in the Sunday times and started his own fund, or was bankrolled to, given his success.
Here is a quick summary of that fund.
http://www.ifaonline.co.uk/ifaonline/news/2116996/jayesh-manek-beat-volatile-summer
http://www.investmentweek.co.uk/investment-week/news/2133449/worst-performing-funds-2011
It's all over the place, piling from one theme to another, much like any other undisciplined amateur investor TBH.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 -
Jegersmart wrote: »I am not sure what we are doing now, because you made a statement based on your own "research" and asked for feedback. You have duly received some feedback but now seem to be arguing about who is right........?
all imho and good luck
sorry, i just thought it was standard practice to back up claims with some evidence. i must apologise if that is not the done thing on this forum.
good luck with your investments as well.0 -
-
I liked the idea behind the manek fund, not sure if it's still going. I recall he won the amateur investment competition in the Sunday times and started his own fund, or was bankrolled to, given his success.
The obvious problem was that to win the competition he took a lot of big punts on high risk investments and many came off. You could never accuse him of being a closet tracker, but performance was atrocious.
When I say liked the idea, more as a warning than any useful investment instrument.
As I recall the Manek fund was bottom out of all Uk funds, had shrunk to a tiny size with very few investors left.
It was a nice story to start with but making money in 1998/1999 wasn't so hard.
EDIT - just checked the link above
Jayesh Manek's fund has the dubious honour of being the worst performer of all the 291 funds in the IMA UK All Companies sector this year.Remember the saying: if it looks too good to be true it almost certainly is.0 -
doubleJackD wrote: »perhaps you could explain how you spot the "obvious failures"?
BP oil spill. A fund manager could get out, a tracker can't.0 -
BP oil spill. A fund manager could get out, a tracker can't.
well yes, but are you suggesting that fund managers have some sort of ability to predict drilling accidents and sell the shares? are you seriously suggesting fund managers have the gift of second sight?
i was really wondering what method dunstonh uses to discard "obvious failures" amongst funds.0 -
doubleJackD wrote: »well yes, but are you suggesting that fund managers have some sort of ability to predict drilling accidents and sell the shares? are you seriously suggesting fund managers have the gift of second sight?
i was really wondering what method dunstonh uses to discard "obvious failures" amongst funds.
No but the share price dropped over a 2.5 month period. A fund manager could get out in a week, limiting the drop.0 -
No but the share price dropped over a 2.5 month period. A fund manager could get out in a week, limiting the drop.
yes a fund manager "could" have sold his shares, but there is no evidence that fund managers did sell their shares at a fortunate moment.
anyway, is it not likely a fund manager would sell his shares to another fund manager?0 -
doubleJackD wrote: »yes a fund manager "could" have sold his shares, but there is no evidence that fund managers did sell their shares at a fortunate moment.
It doesn't matter whether they did or not. You asked how a fund manager could stop obvious failures and I gave you an example.doubleJackD wrote: »anyway, is it not likely a fund manager would sell his shares to another fund manager?
No that's not how it works. Fund managers buy and sell from investment banks (JP, HSBC etc.) not between themselves.0 -
BP oil spill. A fund manager could get out, a tracker can't.
So why are so many funds failures despite their "star" managers and previously top-end reputation?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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards