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You only need 15 equities in your portfolio
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Source? I can't see any information about this unless I am not searching correctly.
Well here's a couple for a start ...
http://www.globalresearch.ca/money-laundering-and-the-drug-trade-the-role-of-the-banks/5334205
http://laudyms.wordpress.com/tag/drug-money/
Theft, corruption and murder on a grand scale.0 -
Well here's a couple for a start ...
http://www.globalresearch.ca/money-laundering-and-the-drug-trade-the-role-of-the-banks/5334205
http://laudyms.wordpress.com/tag/drug-money/
Theft, corruption and murder on a grand scale.
Thanks.
Interesteing article in that Global Research on the Syrian conflict too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Is this why fund managers underperform the index?Thrugelmir wrote: »There's no point in holding both Shell and BP. As the stocks are too closely correlated, most likely will both move in the same direction when crude prices change. Ideally the 15 need to be in totally unrelated sectors."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 -
Source? I can't see any information about this unless I am not searching correctly.
HSBCsabretoothtigger wrote: »Holy Moly, do you carry a red book ? Thats adventurous.
I definitely use a fund for countries I never have and probably never will visit.
Saying that BP is 20% or more in Russia, so anyone in Ftse is a fan of Putin by default
It also explains why BP is cheap for the income it keeps givingMay I enquire as to how you acquired them? I have tried looking for a broker however in the UK it seems nearly impossible so I'd presume you either found an advisory firm in the UK or a firm in Russia? any suggestions of firm to use would be welcome
I am Georgian, and the shares I've purchased were acquired through VTB at this branch. I managed to acquire them as I lived in the town, and still have accounts registered there (I still own a property there, as it's within an hour of Moscow, and I do some work for a Russian TV station)
Get in touch with these guys in London, and I'm sure they'll be able to point you in the right direction. As I was born in what's now a separatist part of Georgia, I acquired a Russian passport at some point in 2008, and speak the language fluently, but if you don't get any luck with the UK, someone in one of their Moscow branches should speak English. Most of the shares I own in Russia are from government privatisation in the 90s, that were left to me from my (Russian) grandmother when she died last year.
It may be possible to acquire from HSBC, but as I've never tried it (as going direct, you pay a small fee for the trade, but they're not managed, so no ongoing fees), it's possibly cheaper to buy direct.
CK💙💛 💔0 -
It wasn't me that dragged indexes into it. I just don't see the point in saying that a 15-share portfolio might not match the index if it's not even trying. It's not a valid comparison unless the opposition gets its best shot.grey_gym_sock wrote: »if you like cap-weighted indexes that much
Well exactly, but some people don't seem to have decided what they're trying to do. If you're not trying to beat the market, buy a tracker. If you are, you have to bet against the market.. You can't outdiversify the market, and you wouldn't beat the market that way anyway. So what's the point of a "balanced" portfolio?grey_gym_sock wrote: »it all depends what you're trying to do
In fact the whole idea of a portfolio is a bit odd. You buy a stock or you don't. You don't have to put in any more than you have to. You don't have to invest all your money. You don't make it a better buy by also buying a different stock. It's not like they co-operate."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 -
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Reducing compared to what?grey_gym_sock wrote: »apart from reducing stock-specific risk? and sector-specific risk? and country-specific risk? and asset-class-specific risk?
People say, if I only have one stock, I could lose all my money. No I couldn't. I could only lose what I put into that stock. This is still the same if I also put some more money into another stock. Except then I could lose the other money as well.
If I want to reduce all the assorted risks associated with the first stock, I suppose I could short it, but it seems better to just not put so much money in.
You can't win without betting, and you can't win by betting if you also bet against yourself. If I'm happy with a risk, then trying to reduce it is only going to reduce the returns I'm hoping for. If I'm not happy with it, the best idea is not to take it. I'm deluding myself if I think I can have the profits without the risks."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 -
Ah you hold them via VTB24, I shall check them out when I head out to Moscow in a couple of months. If I were to look at other options, are there any or would VTB24 be the safest company to trade the Russian markets with?CKhalvashi wrote: »I am Georgian, and the shares I've purchased were acquired through VTB at this branch. I managed to acquire them as I lived in the town, and still have accounts registered there (I still own a property there, as it's within an hour of Moscow, and I do some work for a Russian TV station).
Get in touch with these guys in London, and I'm sure they'll be able to point you in the right direction. As I was born in what's now a separatist part of Georgia, I acquired a Russian passport at some point in 2008, and speak the language fluently, but if you don't get any luck with the UK, someone in one of their Moscow branches should speak English. Most of the shares I own in Russia are from government privatisation in the 90s, that were left to me from my (Russian) grandmother when she died last year.
It may be possible to acquire from HSBC, but as I've never tried it (as going direct, you pay a small fee for the trade, but they're not managed, so no ongoing fees), it's possibly cheaper to buy direct.
CK
I have since been looking around and Bank of Moscow appear to offer brokerage services (under private banking so there is most likely a high minimum), likewise Nord Capital and Finasta (Lithuania), are they good options or should I stick to VTB24?
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Reducing compared to what?
compared to buying only 1 stock, or 15 stocks but in the same sector, or only UK shares, or nothing but shares.
if you buy 15 different shares, it's possible that all 15 will become worthless, but it's less likely than if you only buy 1. that's true even if they're very similar and very risky (e.g. all are small oil explorers, who may never have an economically exploitable find).
the risk of the portfolio reduces further if your 15 shares are in very different sectors. even if each considered individually is equally risky.
and so on, with different countries, or asset classes.
now it's not necessarily an error to fail to have a fully balanced portfolio. for instance, some ppl may be OK with 100% shares. but complete failure to diversify - e.g. everything in 1 share - has to be a mistake.0 -
Ah you hold them via VTB24, I shall check them out when I head out to Moscow in a couple of months. If I were to look at other options, are there any or would VTB24 be the safest company to trade the Russian markets with?
I have since been looking around and Bank of Moscow appear to offer brokerage services (under private banking so there is most likely a high minimum), likewise Nord Capital and Finasta (Lithuania), are they good options or should I stick to VTB24?
If personal choice were there, I'd stick with VTB for pure security. It's 60% owned by the Russian government (which was where money to bail out several European countries was from, remember), and apart from Bank of Georgia (which is listed on the LSE), one of the best liquidated banks in the geographic area. (This is my opinion, and no assurance that either won't go bust, as neither are FSCS protected)
The others, I know nothing about; my grandparents banked with VTB, my parents banked with VTB, and now I bank with them.
CK
ETA: Just had a look through, you need to look here then select here (Рынок акций, literally stockbroker, on the original link) for shares. (in Russian only, I'll translate if anyone wants)
BoG's services are here (in English)💙💛 💔0
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