Artemis Income Retail Inc

A_Flock_Of_Sheep

Not sure dunstonh but there are a couple of articles on the web about s&s ISA millionaires and none of them faffed about with several funds for all over the globe.

All I know is Newton Asian income went peculiar in may so I booted it out of my portfolio and ever since it has been lazy and unproductive apart from creating a dividend.

Ironically in this culture of things being risky my Easyjet shares I got in April have been the best performer on my portfolio along with Hyder consulting. When was the last time as an IFA you recommended a client place 10k in Easyjet? In fact this morning I disposed of my Easyjet holding and now on the prowl for the next target.

dunstonh

Not sure dunstonh but there are a couple of articles on the web about s&s ISA millionaires and none of them faffed about with several funds for all over the globe.

Without knowing what they did it isnt possible to give judgement. They may have had a high risk strategy that paid off. They may have just got lucky. It doesn't mean it was the right thing to do for a new investor though. How do you know they didnt "faff about" with their investments?

Look at it from the IFA side if a complaint had gone to the FOS:
1 - FOS asks IFA how they could justify recommending a risk 9 out of 10 investment(with no other funds that is where it would come out on our scale) to a new investor with limited knowledge and experience (cant comment on capacity for loss as we dont know the OP's financial position but that would come into play but I am going to assume that the OP is not a high risk investor).
2 - FOS asks why did you put the only investment the person had into one fund in one sector creating a situation where someone holds cash in risk 1 and a single investment in risk 9.

It is possible to justify those. However, it is unlikely to wash with most people. We know that most investment complaints (And looking at FOS stats, there isnt actually as many as you think there would be) is that people who complain tend to have invested above their risk profile and/or lack understanding. The person that says "i am never investing on the stockmarket again as I lost money" is typical of someone that invested above risk profile and without understanding. Diversification across the asset classes and regions dilutes risk.

All I know is Newton Asian income went peculiar in may so I booted it out of my portfolio and ever since it has been lazy and unproductive apart from creating a dividend.

And what if it was the only fund you invested in? What if Artemis income ends up doing badly? What if equity income goes through a poor period compared to others areas. If you single invest in UK equity income then you are gambling on UK equity income being the best investment sector each and every year going forward. Something that wont happen.

Freecall

A_Flock_Of_Sheep wrote: »

Not sure dunstonh but there are a couple of articles on the web about s&s ISA millionaires...

I'm not entirely sure that I disagree with your sentiment Flock but the stories about the ISA millionaires are surely is a classic case of survivorship bias. If you only consider those that did well then they will have ........ done well.

If you only consider lottery winners then you could come to the conclusion that they must be good at picking winning numbers.

Party_Animal

A_Flock_Of_Sheep wrote: »

Not sure dunstonh but there are a couple of articles on the web about s&s ISA millionaires and none of them faffed about with several funds for all over the globe.

All I know is Newton Asian income went peculiar in may so I booted it out of my portfolio and ever since it has been lazy and unproductive apart from creating a dividend.

Ironically in this culture of things being risky my Easyjet shares I got in April have been the best performer on my portfolio along with Hyder consulting. When was the last time as an IFA you recommended a client place 10k in Easyjet? In fact this morning I disposed of my Easyjet holding and now on the prowl for the next target.

Let us know if you find something good:)

dunstonh

When was the last time as an IFA you recommended a client place 10k in Easyjet?

Never have. Never will.

A_Flock_Of_Sheep

dunstonh wrote: »

Never have. Never will.

But growth has been 20% since April. 20% in 6 months! EasyJet also dropped in price around the Syrian crisis providing a buying opportunity which then increased over 10% in seven days.

How much has Newton Asian made since April? Umm nothing much really because it fell off a cliff (for whatever reason) in May. Same for the much heralded Aberdeen Emerging Markets fund.

dunstonh

But growth has been 20% since April. 20% in 6 months!

So?

How much has Newton Asian made since April? Umm nothing much really because it fell off a cliff (for whatever reason) in May. Same for the much heralded Aberdeen Emerging Markets fund.

Hardly comparing like for like.

Linton

A_Flock_Of_Sheep wrote: »

But growth has been 20% since April. 20% in 6 months! EasyJet also dropped in price around the Syrian crisis providing a buying opportunity which then increased over 10% in seven days.

How much has Newton Asian made since April? Umm nothing much really because it fell off a cliff (for whatever reason) in May. Same for the much heralded Aberdeen Emerging Markets fund.

You are thinking far too short term. Changes in a 6 month period mean nothing and from the point of view of an investor can be regarded as pure random variation. You need to be thinking about 5+ years time.

You are also benefiting from 100% hindsight. Suggest you try making predictions for the next 6 months rather than the last one.

A_Flock_Of_Sheep

Linton wrote: »

You are thinking far too short term. Changes in a 6 month period mean nothing and from the point of view of an investor can be regarded as pure random variation. You need to be thinking about 5+ years time.

You are also benefiting from 100% hindsight. Suggest you try making predictions for the next 6 months rather than the last one.

Sorry where am I benefitting from hindsight? I have already held Easyjet with a 20% gain and currently hold Hyder. So no hindsight there.

Having now disposed of Easyjet I am deciding on my future predictions as you say.

With regard to short termism you need to spread this advice on the Royal Mail shares thread!

Linton

A_Flock_Of_Sheep wrote: »

Sorry where am I benefitting from hindsight? I have already held Easyjet with a 20% gain and currently hold Hyder. So no hindsight there.

Having now disposed of Easyjet I am deciding on my future predictions as you say.

With regard to short termism you need to spread this advice on the Royal Mail shares thread!

I hold Kier, Aviva, and Cineworld all of which showed a >40% return in the past 6 months. With your stockpicking skills why didnt you go for them? Any of these shares, and easyjet, could just as easily drop 20% or more in the next 6 months.

As regards the posts on the RM thread I agree with your assessment. The danger is that newbie investors holding their first shares will think that its easy and they are well on their way to their first £1M . They will then come very unstuck when the short term variation goes the other way.