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Property Fund - Suspended
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It started with the suggestion that property funds specialising in student accommodation might be a safer alternative in the current climate...How a discussion on employing them with 'ologies' has entered this thread, has me puzzled.
Closed ended property funds are not for me, but the 'danger' only exists for those who may need to sell in the short term, who probably shouldn't be invested in the first place. If they were to opt for REITs instead, then they'd be able to cash in their shares, but they'd have to accept fire sale prices. For me, the advantage of closed ended is being able to top up at a discount at times like these, and not being disadvantaged as an existing investor by redemptions driven by those running for the exit. I guess the open ended funds, even when taking measures to protect existing holders, are unable to prevent them suffering due to those trying to jump ship.The massive turn off for these investments, should have been the lack of liquidity when heading for the exit. Why anybody puts hard earned money in such danger will always amaze me.
I'm sure there is an element of self-fulfilling prophesy in there somewhere. We were repeatedly promised that house prices would fall and we would enter a recession if we voted for Brexit. That sentiment has now entered the zeitgeist. I don't think we'd be in this position now if it weren't for Brexit. Maybe later.The other false flag that raises its head every two seconds, is the nonsense that 'it was Brexit wot dun it' is wearing a bit thin. Bremain would have led to the same rammed exits......the reason?....the still, as yet, unresolved economic malaise. That is why these funds are frozen..._0 -
Since this issue hit the news, I have been on a fast curve to knowing what these investments are. They don't just invest in the UK, but have investments all over the planet. So quite how a cross in a UK box has crashed values is a mystery.
No mystery. You need to read up on the difference between funds that invest solely in UK Property and those the invest in property worldwide. You should then be able to see the difference in those funds that have been suspended, and those that haven't.Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book0 -
I don't think we'd be in this position now if it weren't for Brexit. Maybe later.
Well exactly.
Group A say, "If we do X then we predict outcomes Y and Z."
Group B says, "Pah, experts, no reason to think that X will cause Y and Z, that's just fear mongering!"
X is done. Outcomes Y and Z occur.
Group B now say, "Well, Y and Z would have happened even without doing A!"
Sorry Group B, you need to own the outcome.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 exactly.
Group A say, "If we do X then we predict outcomes Y and Z."
Group B says, "Pah, experts, no reason to think that X will cause Y and Z, that's just fear mongering!"
X is done. Outcomes Y and Z occur.
Group B now say, "Well, Y and Z would have happened even without doing A!"
Sorry Group B, you need to own the outcome.
Except in the past, Group A said "Do X* or all is gloom and doom" and X wasnt done, and the exact reverse was true.
* for X substitute "join the Euro", "don't follow thatchers policies" and many others.0 -
No, that wasn't Group A, but group C, a completely unrelated group.
BTW, who argued for joining the Euro? I never heard that case made particularly strongly.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: »No, that wasn't Group A, but group C, a completely unrelated group.
BTW, who argued for joining the Euro? I never heard that case made particularly strongly.
Or even the case for any further integration.
The deal Cameron got seemed entirely reasonable, perhaps even the best of both worlds, especially regarding immigration, access and benefits.
All now scuppered by the silly emotive nonsense emanating from Walmington-on-sea.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
There is a uk failure in training in many areas, and we seem to fail to train people properly and just fall back on the easy options of importing people. If you look at health for example were still using huge numbers of Filipino nurses, Indian doctors etc rather than training our own. This is hugely damaging to those countries.
There's plenty of people exiting the NHS taking early retirement. Internally appears to be a badly malfunctioning organisation. You cannot buy experience. Nor do nurses want higher positions such as sisters. As not trained to run multi million pound budgets and find 10% cost savings every year.0 -
gadgetmind wrote: »BTW, who argued for joining the Euro?
Tony Blair. and maybe it would have gone down in history as a big a mistake as Iraq. Gordon Brown vetoed it, and maybe history will give him a tiny bit in the black column for that, combined with the sea of red in the other column for the rest of his economic management.0 -
gadgetmind wrote: »No, that wasn't Group A, but group C, a completely unrelated group.
BTW, who argued for joining the Euro? I never heard that case made particularly strongly.
I disagree, same group because it was "experts" (economists & politicians), the same experts who said we should join the euro or face disaster.
And this American can only admire the strength and clarity of the economic analysis in
"Why Britain Should Join the Euro" The argument is surely right.
Paul Volcker,chairman of the US Federal Reserve Board 1979-1987
Why the United Kingdom Should Join the Eurozone
Willem H. Buiter
European Institute, London School of Economics and Political
Science, CEPR, and NBER
The Economist Apr 15th 1999
We asked Britain’s top academic economists (my emphasis) whether it would be in the country’s economic interest to join the European single currency within the next five years. Of the 164 who replied, almost two-thirds said yes.
Many many more if you care to look, I believe there was a group of 60 or so who wrote an open letter to The FT urging we joined as it would be a catastrophe if they didn't.0 -
I'm a big believer that there can only be currency union if bonds are then issued by the whole bloc using that currency. So there should be "Euro bonds" issued centrally rather than each currency issuing their own. This is why I avoid bonds from EU countries and also US "munis".
Those who argued otherwise and that a country could join the Euro and issue their own debt need to "own the outcome" just as anyone does when they've got it wrong.
Those who argued for Brexit need to "own the outcome" as they refused to accept that a number of entirely reasonable predictions had any merit.
And no, saying "they would have happened anyway" doesn't count when they clearly said these outcomes would not occur.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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