Pension providers allowing active management of investments

Andrew31

Sailtheworld said:

intalex said:

Thanks tactpot12, good suggestions - I was actually hoping to hop around between different funds rather than individual equities (with "cash park" allowing for temporary exit during high volatility). I'm generally trying to anticipate movements based on what's happening or might happen in the world. I'm not looking for sharp growths, but if I could try and grow my pot +1% per week on average, that would be something... but of course I appreciate it could go down just as easily. For example, I had wanted to make a couple of out-and-back-in moves in the last few weeks on the same fund but couldn't because of absence of a cash park, but had I been able to, I'd have grown the pot > +2% in just 2 moves.

Over 30 years Warren Buffett has achieved 15% per year. Additionally the S&P returned 9.5% so all the work he's put in has 'only' been for a 5.5% annual return over passively tracking the S&P. 
You're planning on beating his annual returns in a week. If you start today with $1000 you should be the World's richest person on 14th December 2024.

Mark this day, you will eat your word when intalex has a portfolio of 56 trillion in the year 2040!!

intalex

Thank you all for your delightful comments, it truly has been entertaining flurry of responses!!!

But I get the message... what I outlined is effectively gambling.

Thrugelmir

Sailtheworld said:

intalex said:

Thanks tactpot12, good suggestions - I was actually hoping to hop around between different funds rather than individual equities (with "cash park" allowing for temporary exit during high volatility). I'm generally trying to anticipate movements based on what's happening or might happen in the world. I'm not looking for sharp growths, but if I could try and grow my pot +1% per week on average, that would be something... but of course I appreciate it could go down just as easily. For example, I had wanted to make a couple of out-and-back-in moves in the last few weeks on the same fund but couldn't because of absence of a cash park, but had I been able to, I'd have grown the pot > +2% in just 2 moves.

Over 30 years Warren Buffett has achieved 15% per year. Additionally the S&P returned 9.5% so all the work he's put in has 'only' been for a 5.5% annual return over passively tracking the S&P. 

Buffett (as in BH) has underperformed the S&P 500 in the past decade. That's the inherent danger of becoming too large and people copying your own well publicised investment philosophy. 

Andrew31

intalex said:

Thank you all for your delightful comments, it truly has been entertaining flurry of responses!!!

But I get the message... what I outlined is effectively gambling.

All jokes aside, please do not do this.   Yes its like gambling, but on a horse with one leg.

Sailtheworld

Thrugelmir said:

Sailtheworld said:

intalex said:

Thanks tactpot12, good suggestions - I was actually hoping to hop around between different funds rather than individual equities (with "cash park" allowing for temporary exit during high volatility). I'm generally trying to anticipate movements based on what's happening or might happen in the world. I'm not looking for sharp growths, but if I could try and grow my pot +1% per week on average, that would be something... but of course I appreciate it could go down just as easily. For example, I had wanted to make a couple of out-and-back-in moves in the last few weeks on the same fund but couldn't because of absence of a cash park, but had I been able to, I'd have grown the pot > +2% in just 2 moves.

Over 30 years Warren Buffett has achieved 15% per year. Additionally the S&P returned 9.5% so all the work he's put in has 'only' been for a 5.5% annual return over passively tracking the S&P. 

Buffett (as in BH) has underperformed the S&P 500 in the past decade. That's the inherent danger of becoming too large and people copying your own well publicised investment philosophy. 

This is what I try to explain on the savings and investment boards. Most punters can't outperform the market and won't be able to find a fund manager that can either. Apart from the fee drag (a charitable donation to the fund manager) the market is too efficient - a winning strategy will soon be discounted.

Buffett is someone who, I think, has an edge and if he's underperformed the index for 10 years then people should be asking themselves some searching questions about where their edge is.

MarkCarnage

It's challenging to outperform market indices on a long term basis. However, some managers do it. Usually those who are not asset gatherers, and whose interests are aligned with their investors. Beware of asset managers who grow too fast and where a decent investment process can't be scaled (most active ones have limits). 
Also remember that at the end of the day, index trackers don't engage in price discovery, and the return to investors overall will suffer if the universe becomes 100% tracking.