Equities Strategy

Prism

Thrugelmir wrote: »

What's the Nikkei over the past 30 years?

As if you didn't know

bostonerimus

ChesterDog wrote: »

I agree, but I did say "with reasonably favourable winds", and I am seeking above-market returns.

Which is not to say that I expect to achieve them consitently or over a long period, simply that I am seeking them.

Edit: although that's heading a bit off-topic as far as the point I was making goes.

We all hope for the best and the optimistic, or maybe self deluded among us, think they can beat the market. Your plans should be based on historical market returns and the careful investor will actually plan on getting a bit less.

ChesterDog

bostonerimus wrote: »

We all hope for the best and the optimistic, or maybe self deluded among us, think they can beat the market. Your plans should be based on historical market returns and the careful investor will actually plan on getting a bit less.

There seems to be an impression that I am on a diffetent songsheet than this.

I am not.

I would be quite content with market returns, and plesantly surprised if I continue to beat them longterm.

The careful investor may well plan on getting a bit less, but surely won't seek to do so. For my part, I can afford at least to seek better: equities are just one of several baskets after all.

I do also hold Vanguard's FTSE Global All-cap fund - that is what I regard as my benchmark. As time goes by, I intend to slowly and progressively gravitate towards it as a primary holding.

Thrugelmir

Prism wrote: »

As if you didn't know

Actually I don't.

Though obviously has been poor.

I can remember when it was first possible to invest in Japanese shares. Wasn't possible to own direct. We transacted business through Extel on a nominee basis.

In time they'll become flavour of the month again. Just as the large US Corporations currently dominate.

Prism

Thrugelmir wrote: »

Actually I don't.

Though obviously has been poor.

I can remember when it was first possible to invest in Japanese shares. Wasn't possible to own direct. We transacted business through Extel on a nominee basis.

In time they'll become flavour of the month again. Just as the large US Corporations currently dominate.

Its pretty bad - I am using this calculator https://dqydj.com/nikkei-return-calculator-dividend-reinvestment/

If you were a local investor in Yen its a shocking 0.5% annualised after inflation. If you were an international investor in dollars its a truly poor -0.9% annualised.

My best performing fund of recent years is my Japan fund and I do think that there is a robotics and automation revolution beginning to get some steam which should benefit Japanese companies.

inflationbuster

Prism wrote: »

Its important to note that the 2008 crash is included in those 10 year figures. If we took Nick Train's 9 year annualized return it looks much better at 21.8%

Fair enough i'll take back my paltry returns statement in this case. Nick can be my wingman anytime.

ValiantSon wrote: »

Accepting that what you said was hyperbole

Per above. Regardless l wouldn't invest in a fund right now.

Thrugelmir

Prism wrote: »

My best performing fund of recent years is my Japan fund and I do think that there is a robotics and automation revolution beginning to get some steam which should benefit Japanese companies.

Was the Japanese that originally led the automated machine tool revolution. 30 years ago £250k would buy a (tape) programable machine that utilising a 132 different tool pieces could produce a torpedo nose cone out of a solid block. Shows how far technology has advanced since then.

TBC15

inflationbuster wrote: »

Fair enough i'll take back my paltry returns statement in this case. Nick can be my wingman anytime.



Per above. Regardless l wouldn't invest in a fund right now.

That young Zulu Mark Slater also knows a thing or two about shares.

bostonerimus

inflationbuster wrote: »

Per above. Regardless l wouldn't invest in a fund right now.

There's a market timer/stock picker born every day.

inflationbuster

bostonerimus wrote: »

There's a market timer/stock picker born every day.

There are many more dumb money investors joining the queue.