Orbis £100 match offer - Now Ended

ffacoffipawb

Alexland wrote: »

Yeah performance has been a bit painful in recent months but their investments are quite different so the ups and downs occur at different times.

Their UK boss gave an interesting interview on YouTube yesterday:

https://m.youtube.com/watch?v=tZiyNQIZ910

Alex

My £100 investment is worth £184 so that looks ok to me. Obviously would be 8% down without the bonus but that is comparable with my SIPP and ISA performance this year.

Alexland

I just watched the Orbis video again and enjoyed his comment that from an evolutionary perspective humans are wired to avoid pain and investment is very much the opposite - going out seeking pain and that the client's behavioural response to those situations is just as important as the fund manager's investment choices.

Jack Bogle made similar comments recently when he described how client returns on the Vanguard factor funds were much lower than the funds themselves because they kept trading them at the wrong points trying to time the market.

https://m.youtube.com/watch?v=OQQC-BQT2pM

Alex

Lomcevak

veryintrigued wrote: »

Sorry to bump up an old thread - not been the best of performance from the GIA for me but haven't written it off. Wonder how others have performed Vs their other investments.

I set up a £100/month direct debit when I opened the account to get the bonus, and have ignored it since then. I just look at my statement i'm now about a quid up overall (i.e. it's lost £99 of the bonus!). Oh well. As Alex says, it's different, and only a very minor part of my portfolio.

buyhighselllow

I did both funds via 2 accounts last January..one is -£23, one -£16..so I'm still c £160 up and in no hurry to sell even after the qualifying year..

fiisch

I went in with three funds - ISA for me and the wife, JISA for my daughter.

First foray for the wife and I:

- Wife £100 only - still worth circa £180 with the bonus so +£80
- Me - £100 + £50 / month (+ an extra £150 this month) so with bonus +£75
- Daughter - £600 + £25 / month (+ little extras on birthday/xmas) with bonus +£50

Very small amounts and timescale, but bonus has helped keep us all in profit - like Alexland says, have noticed the dips have not coincided with other funds, but so far I'm quite pleased with Orbis.

Investments will be going up dramatically next tax year (I'm a contractor so using this instead of a pension in the short term as I don't benefit from 40% tax relief, but may well go permanent again in the future) - likely transfer mine and the daughter's to Vanguard but keep the wife's going as I'm intrigued....

bigadaj

fiisch wrote: »

I went in with three funds - ISA for me and the wife, JISA for my daughter.

First foray for the wife and I:

- Wife £100 only - still worth circa £180 with the bonus so +£80
- Me - £100 + £50 / month (+ an extra £150 this month) so with bonus +£75
- Daughter - £600 + £25 / month (+ little extras on birthday/xmas) with bonus +£50

Very small amounts and timescale, but bonus has helped keep us all in profit - like Alexland says, have noticed the dips have not coincided with other funds, but so far I'm quite pleased with Orbis.

Investments will be going up dramatically next tax year (I'm a contractor so using this instead of a pension in the short term as I don't benefit from 40% tax relief, but may well go permanent again in the future) - likely transfer mine and the daughter's to Vanguard but keep the wife's going as I'm intrigued....

If you're a contractor you could be getting a lot more than 40% tax relief on pension contributions depending on whether you operate through your own company and pay corporation tax.

fiisch

bigadaj wrote: »

If you're a contractor you could be getting a lot more than 40% tax relief on pension contributions depending on whether you operate through your own company and pay corporation tax.

I have a limited company - corporation tax of 19%, plus a very small lower rate dividend tax...

Alexland

[FONT=&quot]

fiisch wrote: »

Very small amounts and timescale, but bonus has helped keep us all in profit - like Alexland says, have noticed the dips have not coincided with other funds, but so far I'm quite pleased with Orbis.

[/FONT]

[FONT=&quot]Much will depend on contribution timings but across our 5 accounts (2 ISAs, 2 GIAs and a JISA) we are today down around 4% (or less if considering the £500 of bonuses) since starting in the first account in early 2017.[/FONT]

[FONT=&quot]We will close the little £200 GIAs when they reach 12 months (recycling into the ISAs) and probably open a new JISA for our next child early next tax year and make another 2 tax years of contributions over 12 months to get more fee-free units if they are still running the offer.[/FONT]

[FONT=&quot]If you are only going to keep 1 of your 3 accounts then I would pick the JISA as, although the fee-free units you would have acquired in the first 12 months are more volatile, they should hopefully provide a better return.[/FONT]

[FONT=&quot]Alex[/FONT]

Riff_Raff

I find it a bit slimy that the performance graphs on their website don't include the most recent few months until you zoom in. Makes it look like they're well above other funds when in fact they're underperforming.

a_silver_lining

Just want to say thank you to the original poster. I have never invested before so this was a great way to see how you can loose money!! But on the plus side it only ate into my £100 top up, so from a £100 punt I have gained a year later £73.37