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Woodford Concerns

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    bowlhead99 wrote: »
    One blogger wrote in the context of the IH saga, if there is one percent chance of finding something worth a trillion dollars in the next couple of decades, you and your co-investors could have 99 attempts at that and spend ten billion between you on each attempt and still turn a profit if it pays off.
    And there's the rub there's not 1% there's not 0.1%, there's zero chance of IH turning a profit .
    Its a scam. Read the history of the founder and his existing convictions for scamming, , read how they've shown their supposed product, with less disclosure than Mossad.
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    AnotherJoe wrote: »
    And there's the rub there's not 1% there's not 0.1%, there's zero chance of IH turning a profit .
    Its a scam. Read the history of the founder and his existing convictions for scamming, , read how they've shown their supposed product, with less disclosure than Mossad.

    Cold Fusion is theoretically possible by means such as muon catalysed fusion where the electron in hydrogen is replaced by a muon - but this is by no means easy, which is something of an understatement.

    IH haven't even given the slightest hint of how their technology works. As you say they're a bunch of scammers and Woodford seems to be in denial that he, or rather his investors have been had :mad:
  • masonic
    masonic Posts: 27,772 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Cold Fusion is theoretically possible by means such as muon catalysed fusion where the electron in hydrogen is replaced by a muon - but this is by no means easy, which is something of an understatement.
    Based on current technology that just moves the energetically infeasible process upstream.
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Showing my age here, but in the past (10+ years ago) Motley Fool was 100% behind passives and was dead against individual stock picking and similarly against managed funds. It had a great community forum, of which I was a member. It was bought over by some American crowd, the forum closed down, and a volte-face in favour of individual stocks. I don't believe a word that it prints.

    I agree with that. I’m 28, and started taking an interest in investments around the time of the crash. I didn’t make much headway (student finances), but I recall them being reportedly trustworthy and a good source of consumer knowledge, working for the community at large.

    When I resurfaced to look at the sector some years later, the difference to their brand and content was so stark I wondered whether it was a completely different company.
  • talexuser
    talexuser Posts: 3,540 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's reported platform Fidelity will not allow purchases in Income Focus, only withdrawals!
  • cogito
    cogito Posts: 4,898 Forumite
    talexuser wrote: »
    It's reported platform Fidelity will not allow purchases in Income Focus, only withdrawals!

    It's not clear to me why Fidelity should take it upon themselves to decide where their customers should invest their money (or not).
  • LHW99
    LHW99 Posts: 5,354 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Cold Fusion is theoretically possible by means such as muon catalysed fusion where the electron in hydrogen is replaced by a muon - but this is by no means easy, which is something of an understatement.
    Well "normal" hot fusion isn't yet giving more energy than you put in. I would suggest that replacing the / an electron in hydrogen / deuterium by a muon is theoretically possible in the same way time that travel faster than the speed of light is theoretically possible (you only actually get a singularity in the equations at light speed). IMO its not going to happen on a timescale compatible with anyone's investment horizon.
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    edited 18 June 2019 at 10:27PM
    LHW99 wrote: »
    . I would suggest that replacing the / an electron in hydrogen / deuterium by a muon is theoretically possible in the same way time that travel faster than the speed of light is theoretically possible

    Faster than light travel is impossible, it's not even theoretically possible.

    Replacing electrons with muons and fusing them at room temperature was achieved decades ago. The technology isn't that complicated..only problem is it takes 5GeV to create a muon, and it'll give you back around half this in energy after fusion is achieved

    Nobody is currently investigating muon induced fusion as an energy source, everyone's looking at various forms of hot fusion.

    Think we both agree that Woodford's merry band at IH haven't achieved any breakthroughs :beer:
  • fun4everyone
    fun4everyone Posts: 2,369 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 18 June 2019 at 10:41PM
    cogito wrote: »
    It's not clear to me why Fidelity should take it upon themselves to decide where their customers should invest their money (or not).

    Perhaps they take the view that having the fund available for purchase on their platform is the most minor/smallest form of "recommendation". Having it for sale through them could at least be taken as Fidelity are saying this fund is not a complete scam/black hole. It's certainly possible that it might also gate in the near future which would make it a black hole for money.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    cogito wrote: »
    It's not clear to me why Fidelity should take it upon themselves to decide where their customers should invest their money (or not).

    Platforms already make that choice for customers. In this case, It may be done altruistically or more likely with an eye on a future regulator ruling that says "you should have known this was an risky purchase so pay compo" or even "no investor in their right mind would buy more, they obviously meant sell and pressed the buy button by mistake so pay compo".
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