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Do Not Bet On A Broad Emerging Markets Recovery - FT
Comments
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Can't imagine how it must feel to be cashless at the bottom of a bear market.
I agree, but alongside cash we also have bonds (misc), property, resources, gold, etc.
If you hold something of everything, in whatever mix suits your attitude to risk yadda yadda, then you'll always have something toppy to sell to fund buying something bombed out.
However, I will admit that I rolled out of bonds a wee bit too early during the last one. I bought equities well low but missed a lot of bunce on the bonds.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 -
I like JEMI as an income play and it looks relatively good value at the moment.
According to the FT JEMI is on a premium of 1.67%: http://markets.ft.com/research/Markets/Tearsheets/Summary?s=JEMI:LSE
Wheras the one I hold, JMG same fund manager and sector, is a bigger fund, lower expense ratio, and a discount of 11.22% http://markets.ft.com/research/Markets/Tearsheets/Summary?s=jmg:LSE
What am I missing here
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »What am I missing here
That income is all trendy.
I don't hold JEMI and ISTR that when I looked at it, there was a performance fee that put me off. However, I might be wrong.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 -
Glen_Clark wrote: »What am I missing here
As gadgetmind said, it's all about the income. There is some crossover in holdings of those two but they're also invested in different places. JEMI more emerging Euro than JMG, which has more in the Americas. Different sectors too: JEMI more consumer defensive and consumer cyclical, JMG more communications services and utilities. As you'll gather I took that from Morningstar.
But I'm creating an income portfolio, so it's JEMI for me. In terms of a growth EM trust for elsewhere, I'm still looking at TEM.0 -
Euro has done well and EUT was my most profitable investment last year. I rightly predicted the politicians would try to hold the EEC together at all costs to keep their plum jobs on the gravy train. But the fundamental EEC problems remain, they have only kicked the can down the road....JEMI more emerging Euro than JMG, .“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
You sound a bit more organised and "balanced" than me. I prefer to hold property and resources through equities, though. I have no gold, though would like to at some point. No bonds/gilts either and regretting not riding the bubble over the last few years, but have a fair chunk of ILSCs which is some consolation. Looking to buy some EM/FM vehicles in the near future.gadgetmind wrote: »I agree, but alongside cash we also have bonds (misc), property, resources, gold, etc.
If you hold something of everything, in whatever mix suits your attitude to risk yadda yadda, then you'll always have something toppy to sell to fund buying something bombed out.
However, I will admit that I rolled out of bonds a wee bit too early during the last one. I bought equities well low but missed a lot of bunce on the bonds.0 -
You sound a bit more organised and "balanced" than me
Well, I try, I really do.
It's not easy at times, but "mechanical" rebalancing does seem to work best, and my "value" tilt is but mild.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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