Woodford Concerns

OldMusicGuy

itwasntme001 wrote: »

Personally i think investing in the stock market is a mugs game - i prefer to invest in businesses.

Like bowlhead says, investing in the stock market is investing in businesses. And as I use very widely diversified funds, I am investing in thousands of businesses. Far less risky in my book than investing in a single (or small number) of businesses.

Jonah01

OldMusicGuy wrote: »

That's my point - if you had invested in low cost, multi-asset funds over the past few months, you would have been making money. Instead, you've done nothing and are now dithering about "the right time". Sorry if that sounds critical, but it's typical of the sort of paralysis that inexperienced investors get into. I know because I suffered a lot from it myself.

Your choice was nothing to do with "timing" - you chose the wrong fund in the first place. If you had been in low cost, multi-asset funds you would be happy with how they have performed recently.

No problem happy to hear opinions.

Reeducating myself so I can choose the best way forward is hardly dithering and was actually advised on this forum.

I have another 20 years of investing so I don't mind losing out on a few months.

dividendhero

Johnnyboy11 wrote: »

Another Telegraph article suggesting 40% illiquid content in the Woodford Equity Income Fund...
https://www.telegraph.co.uk/investing/funds/fca-fire-true-extent-woodfords-liquidity-crisis-exposed/

I used to get the Torygraph, they did an excellent job of exposing the MP expenses scandal - but that was 10 years ago. The paper has gone downhill and is the inhouse paper for the right of the tories and is produced by a hollowed out crew of journos.

Back on topic..Woodford seems to be something of a ratchet. The news gets worse by the day and I've yet to hear single positive development since the fund was gated.

PS Still waiting for "Woodgate" to catch on

redux

dividendhero wrote: »

I used to get the Torygraph, they did an excellent job of exposing the MP expenses scandal - but that was 10 years ago. The paper has gone downhill and is the inhouse paper for the right of the tories and is produced by a hollowed out crew of journos.

I know it's the wrong forum section to say this, but at the moment their big project is make their part-time colleague Boris Johnson seem normal.

dividendhero

redux wrote: »

I know it's the wrong forum section to say this, but at the moment their big project is make their part-time colleague Boris Johnson seem normal.

I know it's the wrong forum section to say this, but the former Editor of the Torygraph Max Hastings has made it clear that Johnson is totally unfit to be PM

masonic

dividendhero wrote: »

I know it's the wrong forum section to say this, but the former Editor of the Torygraph Max Hastings has made it clear that Johnson is totally unfit to be PM

But he deserves it so. I'm just shocked he asked for it, or that there was a leadership contest. That said, I'm convinced he will give the electorate what the majority of them asked for, and they will remember it.

Thrugelmir

OldMusicGuy wrote: »

I am investing in thousands of businesses. Far less risky in my book than investing in a single (or small number) of businesses.

Where possibly the bulk of the underlying growth has been driven by a small number of mega caps.

OldMusicGuy

Thrugelmir wrote: »

Where possibly the bulk of the underlying growth has been driven by a small number of mega caps.

Indeed, but then I don't have to worry about when those mega caps will be replaced by new ones (as is bound to happen). People who time that will do well, people who don't could lose a lot. I will just follow the markets.

Johnnyboy11

dividendhero wrote: »

...PS Still waiting for "Woodgate" to catch on

I think a "Woodsie" is nearer the mark, with credit to Frank Spencer in Some Mothers do Ave 'Em...


https://www.britishclassiccomedy.co.uk/ooh-betty-the-cats-done-a-woopsie-on-the-floor-some-mothers-do-ave-em

MaxiRobriguez

redux wrote: »

I know it's the wrong forum section to say this, but at the moment their big project is make their part-time colleague Boris Johnson seem normal.

I suppose painting wooden boxes to look like buses is slightly more 'normal' than spending your formative years not riding the village bike but running through the village wheat fields.