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Woodford Concerns
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You have star fund managers like Terry Smith and Nick Train ( neither of whose funds are in the Wealth 50 now for different reasons). The difference is that they are part of a team giving their input but Woodford had only himself to listen to.The fascists of the future will call themselves anti-fascists.0
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Malthusian wrote: »When the cult of the star fund manager goes wrong as spectacularly as this, a bit of rubbernecking is inevitable.
Well quite, but it is important that we learn from the past. China addressed the cult of Bolton, Woodford has now gone the same way, and they really won't be the last.
Neither is spreading your money across a range of "stars" a great solution is you just end up with a high fee closet tracker.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 -
Just seen a video explaining what Woodford seems to have done, which may be of help for some of you .
I hope it is allowed to add this. https://www.youtube.com/watch?v=Cb3q77y1IvQI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
More problems for Woodford as his 4th largest holding is de-valued...
https://news.shack15.com/benevolent-ai-faces-valuation-plunge/0 -
More problems for Woodford as his 4th largest holding is de-valued...
https://news.shack15.com/benevolent-ai-faces-valuation-plunge/
Why is it a problem for Woodford whilst he is still getting his fees?0 -
Wait until IH which presumably is more than 10% now since who on earth would buy it, so its relative % would rise every time they sold something with actual value, a nasty little trap, gets revalued to zero.0
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According company news, Woodford has been BUYING more shares in Keir
https://www.hl.co.uk/shares/shares-search-results/k/kier-group-plc-ordinary-1p/share-news
!!!!!! ? :mad::mad:0 -
dividendhero wrote: »According company news, Woodford has been BUYING more shares in Keir
https://www.hl.co.uk/shares/shares-search-results/k/kier-group-plc-ordinary-1p/share-news
!!!!!! ? :mad::mad:
I wouldn't get too agitated about it. Ten days earlier the funds he controls sold 1.9% of the company (ownership dropped from 15.87% to 13.97) and then it went back up by 250k shares (0.15%). A couple of hundred thousand is insignificant really.
Just noise really, although if he did cancel or reverse a sale transaction or sell a chunk and buy back again on 15th July, that would have been a good day to do it given the price wobbles took the market price to a low point then. But insignificant in the big picture, no real point second guessing what might have happened0 -
The top investment trust bought in June turns out to be Patient Capital (beating Scottish Mortgage). So a lot of people are willing to juggle the falling knife, and there are opportunities at ~33% discount.0
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