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Woodford Concerns
Comments
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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.0 -
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?0
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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 trades0 -
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.0 -
A broker might only need one share to balance their buy/sell trades
The thing is and maybe it was an anomaly but there were several single share transactions, none for 2,3,4 etc. Having said that there were also several 99 share transactions which along with 1 obviously comes to a nice round 100.
(Though why anyone would buy 100 which is just £30 gets back almost to first point, eg what's the point)0 -
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
... cold fusion ...I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Media is widely reporting that Woodford investors are in line to lose one fifth. That sounds less dramatic than I expected (based on the tales of woe reported at the outset). However, looking behind the headline, I think that just means that the fund value has dropped 20% since it was gated. Presumably those holding the fund would have bought in much sooner at a much higher cost. If the 20% headline figure is perhaps placing a generous interpretation on the numbers is it possible that those involved with running Woodford are getting their spin in early?0
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gadgetmind wrote: »... cold fusion ...
For a few pints Woodford could have engaged a physics post grad student to explain to him in "Peter and Jane" talk what a load of Horlicks cold fusion is...wouldn't have saved his fund, but his investors would get a few % more back from the wreckage0
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