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Too Scared To Invest
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Kleinwort European Privatisation Investment Trust caught a lot of investors out too. They must have thought Privatisation was going to be as big a gravy train in Europe as it has been in Britain. But I think they got some money back when it was wound up.gadgetmind wrote: »Well, there were those split capital investment trusts and a few vehicles that bought up US life insurance policies.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »To me it looks like they are all in it together.
Excellent, you can't beat coordinated action!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 -
gadgetmind wrote: »Well, there were those split capital investment trusts and a few vehicles that bought up US life insurance policies.
Yes, those were the only ones I thought of. and no, I never held any (although am a fan of ITs in general).0 -
I know a lot of people who have done well from zeros, and from Irish/Greek bonds. As with everything, it's all down to buying at the right price, which is usually when no-one else would touch them with a bargepole.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 -
which funds went bust/down 66%?
Enquiring minds want to know (as none of mine have).
Edinburgh New Tiger Trust, launched at around 50p. Due to thier total incompetence, it sunk to less than 15p at a time when shares generally were doing OK. They then, for some unknown reason, converted it to a High Income Split Capital Trust. A couple of years later it was bust; nothing left of my investment except a couple of previously paid dividends from the High Income Trust.
The one that has gone down 66% for me is iShares Global Clean Energy Fund (INRG); down about 80% since launch:
http://uk.ishares.com/en/rc/products/INRG?utrack=true
Maybe I am just terrible at picking funds, I dunno, I suspect some are just a gravy train for the muppets that run them. Fortunately I have had much better success picking my own shares.0 -
Maybe I am just terrible at picking funds, I dunno, I suspect some are just a gravy train for the muppets that run them. Fortunately I have had much better success picking my own shares.
This is why I now mainly use passive investing and direct equity purchases.
I do hold a few funds, but they are on the endangered list, and even the investment trusts we hold are being watched carefully.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 -
And only this last week I was reading about why the good times are over for Vodafone and Tesco.You can get 6% dividends on Vodafone, 4.3% on tesco"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Footsie at 8900? Where can I bet on that not happening for a long time? (Will need to hedge against rampant inflation.)Maybe they will be happy to invest when the crisis is over and the markets are up 50% from here.
The Footsie is already close to where it was before the crash, and nothing accounts for this except the widespread expectation that super-loose monetary policy will have to continue for a long time.
This is a gigantic bet on the markets taking no notice if/when we lose the AAA. But the markets might just decide it's time to switch back to dollars. Or if not then, then later.
End of monetary policy. Footsie staring 3000 in the face again."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Glen_Clark wrote: »Do you really need to invest in hundreds of different companies?
Especially when some of them are huge international diversified organisations.
As long as they are spread over different sectors twenty seems plenty to me.
Then you can hold them directly, have complete control, and pay no fees - whether upfront or hidden.
Which twenty though?
If you held bank shares in early 2008 which share you would have invested in. Holding several through a collective investment mitigated the loss.0 -
The Footsie is already close to where it was before the crash
If you include dividends, it's way ahead of where it was in 1999 and 2007.
Ignoring dividends, the FTSE 100 is slightly below long-term trends. If it went up significantly (25%+ ?) from here then I'd start to move money to less frothy assets.End of monetary policy. Footsie staring 3000 in the face again.
Sounds good to me. Loads of juicy dividend payers on uber-low valuations. What's not to like?
Unfortunately such income streams don't remain cheap for long.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
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