Woodford Equity Income

firestone

TheTracker wrote: »

When I read threads like this I quietly despair that I’m tracking the effects of your ill informed ill judged and fundamentally random trades.

one of the complaints of experts ( of which i am not ) is that the popularity of trackers has caused money to be fed in a random way into good companies as well as bad within a tracker.In a downturn you will be tracking and so will i in my pension ill judged and bad trades with a tracker so it can work both ways

sorcerer

I am not sure why you think this is random, I have a portfolio over about 30 investments, in which I try to complement each other, in terms of risk , volatility, yield and dividend distribution date's . Removing woodford and buying MedicX , reduces my duplication of stocks and allow for a different kind of income.


Together with a number of rules I have placed about what I can and can't buy for the portfolio. To pick random would suggest I would choose anything, bitcoin tracker perhaps, or a gold ETF, or a high risk share that produces no dividends.


The point is to try to produce a stable and growing income with perhaps a little of capital growth,evenly spread across the year.

bostonerimus

That's a nonsense, because you're comparing apples to oranges. It's not the case that US REITs can typically buy, develop, manage and let out property with operating costs of an eighth of a percent of the value of that property

I accept the comparison is not ideal....I'd describe it as comparing apples and pears......MedicX and Woodford Equity Income is apples to oranges.......maybe even apples to cabbages.

bowlhead99

bostonerimus wrote: »

bowlhead99 wrote:

That's a nonsense, because you're comparing apples to oranges. It's not the case that US REITs can typically buy, develop, manage and let out property with operating costs of an eighth of a percent of the value of that property

I accept the comparison is not ideal....I'd describe it as comparing apples and pears

Really the misconception that the headline prices of your REIT tracker versus someone's individual REIT would be comparable is like someone saying , "in Boston my weekly shopping cart of apples, pears and other groceries costs $100" and then someone from London popping up and saying, "that's outrageous, I'm used to paying European prices and wouldn't touch your expensive shopping cart with a bargepole. I would never pay $100 every weekend for a shopping cart, over here at Tesco you just put a pound coin in as a deposit and then you can use it for a couple of hours, and you even get the pound back at the end. $100 for a shopping cart is outrageous."

In one case of course they are pricing up the cost of the contents and the other person is just looking at the cost of using the metal container to carry the contents.

......MedicX and Woodford Equity Income is apples to oranges.......maybe even apples to cabbages.

A friend of mine compares toads to grandmothers. Not professionally, he's just Serbian and they have different idioms to make the same point.

takesyourchances

Any more thoughts on LF Woodford at the moment going forward, I have held so far, it is only part of my holdings and been in from start as UK Equity Income, which it has been dropped out of so now starting to think should I sell out (not lost anything as was in early in the fund) and place the funds (£3500) into my City of London IT etc.



I have not added to Woodford in a long time and starting to feel it does not have a place really now in my portfolio (was for my income portfolio) and I also hold Marlborough Multi Cap Income which is also an option to move some funds into along with CTY and simplify the funds if I decide to let it go for these reasons.

ColdIron

CTY gets my vote

Alexland

Woodford doesn't have a place in my life. From what I can see he lurches between wild bets. If going active I prefer a fund manager who executes a refined proven long term strategy.

OldMusicGuy

I had some Equity Income for quite a while which did ok for me. I sold it and moved to the Income Focus Fund when it launched and also increased my overall holding as I felt this matched my goals in retirement.

I disliked the volatility and poor performance and became worried that he was investing too much in unlisted stocks (which was not why I bought an income fund). Add to that I questioned some of his picks, which is not what you want when you are investing in an actively-managed fund based on stock-picking skill.

So no place for Woodford in my investment strategy any more.

A_T

From messiah to pariah so quickly. Makes you wonder if it's all down to luck.

ColdIron

In the past he was criticised at times for what he didn't invest in, tech and financials, but now for what he does. I switched WEI for the Income Focus fund March last year as it was never much good for income anyway but it's still very much on probation and a only small proportion of my SIPP. CTY forms the UK equity income core of two of my income portfolios and I have more confidence in it