Going with Bonkers The Pedigree Pooch or Muttley The Unloved Runt ?

talexuser

Bonnie151 wrote: »

taking it from my Woodford Patient Capital Trust

I am genuinely interested in the difference 10 years hence if you stick to it, since the Patient trust was too long term to expect results to touch for me.

Murphy_The_Cat

firestone wrote: »

Good luck to you both:beer: is there a final date for this? i.e 1/3/5 years

I haven't got as far as an end date, but if Bonkers The Dog runs well, i suspect that I'll keep running with it :j

BananaRepublic

Bonnie151 wrote: »

OK, I’ll work out the current dog and stick £1000 in it when the markets reopen on Tuesday and update with the fund details (am quite curious now to see where I’ll be putting it!)

You are using two different and conflicting assumptions. Putting money into the star fund assumes that it’s momentum will carry it up further. So using that logic putting money into a dog should lead to poor performance. But you assume a dog will turn around.

Buying the star performer is probably a good idea, they have hooked onto a winning trend, and trends can continue for a year or two. Just look at Bitcoin. Buying the dog is surely a bad idea. It might be a dog due to incompetent management, due to buying into a trend that never took off, or because it bought heavily into a sector that turned out to be pants due to unforeseen bad news.

I might try the star performer method, with maybe £10,000, it might liven up investing.

Bonnie151

BananaRepublic wrote: »

You are using two different and conflicting assumptions. Putting money into the star fund assumes that it’s momentum will carry it up further. So using that logic putting money into a dog should lead to poor performance. But you assume a dog will turn around.

It’s just a bit of fun. I don’t really care what happens to the £1000- If it all goes !!!!!! and I end up trying to fund switch with pennies in a few years, so be it.

Murphy_The_Cat

Bonnie151 wrote: »

It’s just a bit of fun. I don’t really care what happens to the £1000- If it all goes !!!!!! and I end up trying to fund switch with pennies in a few years, so be it.

I'm similarish to you. My £1000 came to me unexpectedly several years ago and hasn't done much for me since.
If it all disappears (unlikely, but possible), I'll be in the same position before the money unexpectedly arrives.

On the hand, I may end up a billionaire from the proceeds of the Worlds No1 Investment book "Bonkers The Pedigree Pooch vs Muttley The Unloved Runt". Or not.

firestone

Murphy_The_Cat wrote: »

I'm similarish to you. My £1000 came to me unexpectedly several years ago and hasn't done much for me since.
If it all disappears (unlikely, but possible), I'll be in the same position before the money unexpectedly arrives.

On the hand, I may end up a billionaire from the proceeds of the Worlds No1 Investment book "Bonkers The Pedigree Pooch vs Muttley The Unloved Runt". Or not.

Do you plan one & done or are you picking new funds after 6 or 12 months?

AWPTheo

I would love to follow you all with this and live vicariously through you if you don’t mind. I have never heard of this (new to investing) so it would be an education.

Murphy_The_Cat

firestone wrote: »

Do you plan one & done or are you picking new funds after 6 or 12 months?

I'll be making a change at the end of June 2018, so that on July 1st 2018 my cough ahem, original inspired selection (total punt) is replaced by the best performer from the previous 6 months.

Then I'll do the same again at the end of Dec 2018.

I'm keeping my fingers crossed that the first 2 or 3 years are kind to me.

Murphy_The_Cat

AWPTheo wrote: »

I would love to follow you all with this and live vicariously through you if you don’t mind. I have never heard of this (new to investing) so it would be an education.

Please don't consider it as a sensible and considered way to invest your money. :beer:.

It is simply having a complete punt***, over a long term, which may, or may not, work well.

*** in my mind, the original £1000 has "gone". Any gains that it makes over the following years is a bonus (although deep, deep down, I'm tempted to open a Junior ISA for my children and do the same for them ! SKIing for the children and letting me experiment with my/their money)

AWPTheo

Don’t worry, the use of “bonkers” so regularly did signal me to that. This sounds much like myself when I used to go to the casino, I’d set a budget, expect to lose the lot and any winnings were a bonus.

Interested to know whether the pedigree or the mutt will win out. My money is on the pedigree.

Murphy_The_Cat wrote: »

Please don't consider it as a sensible and considered way to invest your money. :beer:.

It is simply having a complete punt***, over a long term, which may, or may not, work well.

*** in my mind, the original £1000 has "gone". Any gains that it makes over the following years is a bonus (although deep, deep down, I'm tempted to open a Junior ISA for my children and do the same for them ! SKIing for the children and letting me experiment with my/their money)