Woodford Concerns

AnotherJoe

ZingPowZing wrote: »

If the star managers had low or no salaries, investors in Invesco Perpetual High Income would still have a problem.
So the problem for all fund investors is being a passenger. It doesn't matter if the driver is changed if the destination is the same.

Indeed. One of the share chat boards a bunch of investors in WPCT were crowing when Woodford went because they had a new company in charge and thought it would all be hunky dory from then on*. To me that was like passengers cheering if the captain of The Titanic was replaced after it had hit the iceberg "oh it will be all OK now". Nope, already holed below the waterline in multiple places.


* reinforced in their minds by the now more than reversed and wholly irrational 30% rise in the immediate few days after.

iglad

Thrugelmir wrote: »

Somebody is.

It won't be me even if they go too 10p per share!!

Brian65

HardCoreProgrammer wrote: »

Apologies for the rudeness, nut if anyone still thinks the Wealth 50 list is a guide to good funds, they seriously need their heads examining.
.

I think the best that can be said for it is that they weed out the outright scams - storage pods, car park spaces, hotel rooms, fine wines etc

talexuser

I read a report, I think from Yodelar, some time ago that analysed the wealth 50 and said the vast majority underperformed their sectors, were worse than equivalent trackers, and only a handful were actual long term outperformers. As an active investor I never believed they could find 150 funds in the old list that were worth their charges. Now with a proportion of trackers myself I would find it hard to find 50 (and they don't even have high risk Fundsmith and Lindsell).

Reaper

Also where are all the Investment Trusts in their Wealth 50/150? Surely it can't be that they don't pay commission...?

Johnnyboy11

Ouch!

"DBay's holding in Eddie Stobart rose from 10pc to 27pc on Friday after it bought Neil Woodford's stake in an off-market deal at just 6p a share. The stock had been trading at 70p when it was suspended."

iglad

talexuser wrote: »

I read a report, I think from Yodelar, some time ago that analysed the wealth 50 and said the vast majority underperformed their sectors, were worse than equivalent trackers, and only a handful were actual long term outperformers. As an active investor I never believed they could find 150 funds in the old list that were worth their charges. Now with a proportion of trackers myself I would find it hard to find 50 (and they don't even have high risk Fundsmith and Lindsell).

One thing I learnt in the short space of time I've paid an active interest in investing is that the vast majority of recommended funds on the HL, Fidelity website etc are absolute crap.

Do your own research and you will have a better chance of finding your performing funds, if not just buy a tracker.

AnotherJoe

Just idly looking at WPCT and noted some trades going through as one single share? Whats going on there? Why would you sell or buy one share when it will cost 20x that to do so?

Brian65

AnotherJoe wrote: »

Just idly looking at WPCT and noted some trades going through as one single share? Whats going on there? Why would you sell or buy one share when it will cost 20x that to do so?

A broker might only need one share to balance their buy/sell trades

Thrugelmir

iglad wrote: »

Do your own research and you will have a better chance of finding your performing funds, if not just buy a tracker.

With the number of analysts covering companies declining since the introduction of MIFID II. Obtaining good free research is getting harder and harder. Worst hit is the European share sector.