LF ASI Income Focus

a_gasman

 Formerly called the Woodford Income Focus Fund, this fund has reopened today. Thomas Moore and Charles Luke,  are re-positioning the portfolio... ( info from HL site )

Anyone have any thoughts on this? Is it worth putting a small amount in now or waiting?

[Deleted User]

I would never dare to invest into this.

Why would you put a small amount into that, what is your goal? There is so many great investment funds out there.

a_gasman

My goal would be having a bit of fun / risk.

coyrls

I never understand this "fun" comment, which seems to crop up quite often; surely you can find better ways to have fun?

till_kingdom_come

Everybody likes a bit of risk / fun, until they get punched in the mouth

a_gasman

coyrls said:

I never understand this "fun" comment, which seems to crop up quite often; surely you can find better ways to have fun?

  I have many ways of having fun, if you can't understant the fun comment you are taking life too seriously.

  A few thousand  for a bit off  fun wont break the bank. The fund has been  repositioned  so its not the fund that

lost money for the last two years.

a_gasman

till_kingdom_come said:

Everybody likes a bit of risk / fun, until they get punched in the mouth

So true, I have other funds that are defensive to stop that punch in the mouth If you can't take an occasional punch then perhaps

investing is not for you.      

Currently being punched in the mouth by Lindsell Train Global Equity but hey ho you only lose money if you sell when the price is lower than you paid to buy. Have fun.

coyrls

a_gasman said:

coyrls said:

I never understand this "fun" comment, which seems to crop up quite often; surely you can find better ways to have fun?

  I have many ways of having fun, if you can't understant the fun comment you are taking life too seriously.

  A few thousand  for a bit off  fun wont break the bank. The fund has been  repositioned  so its not the fund that

lost money for the last two years.

You think I take life too seriously because I don't think buying a fund is a good way to have fun?  There are indeed many ways of having fun but buying a fund wouldn't be on my list.

Linton

The focus is on high dividend income from a UK mainly small company portfolio. It looks as if it could be possibly find a place in my income portfolio at some stage.  Not at the moment though as I already hold Man GLG UK Income which is evenly balanced between Large/Medium/Small companies and has been performing very well.  In any case it would be better to wait a few years for LF ASI Income to have a gained a track record.

a_gasman

Linton, many thanks for answering the question and the information regarding Man GLG UK income.

aroominyork

I get the fun of picking a niche company's shares and tracking its performance. On a quiet day I might get the fun of dabbling in a high risk fund like Legg Mason Japan. But a new manager for a run of the mill UK fund? Nope, I don't see the fun in that.