Morningstar missing funds..

wombat42_2

purch wrote: »

Yes is the answer to that.

Unfortunately, and quite worryingly some times, more and more people are buying into the Commodity Supercycle theme without the slightest notion of how the Commodity market functions, and for many of them it will all end in tears.

I first stood on the floor of the IPE back in 1981 whilst in the process of being offered a trading position with Sucden, and whilst I didn't take up the offer I've traded in different commodity's ever since then, and I've had a trading account with Sucden for many years.........yet anytime I try and add a note of balance to the argument, I get shouted down by the almost religious zealots who have read a few articles and blogs on the subject and think they know everything.

Hilarious :rotfl:

Perhaps you should throw a few tasty morsels of your words of wisdom on commodities to us mere mortals now and again.:D:D:D

purch

Seeing as I lost just over 18K on Friday I don't think anyone wants to be following a 'Tip' from me at the moment..... :eek:


P.S. If the wife reads this.......the above must be a missprint :rolleyes:

Geoffo_M

purch wrote: »

The one I have have say's

'don't invest in this Fund at the moment cos most soft commodity's are over valued due to ludicrous speculative demand.....you'll be able to buy into it at lower levels'

Nasty stutter you got there mate

shokadelika

purch wrote: »

The one I have have say's

'don't invest in this Fund at the moment cos most soft commodity's are over valued due to ludicrous speculative demand.....you'll be able to buy into it at lower levels' :eek:

....I'm not sure if that is the FundSheet you were looking for though :cool:

Purch :Seeing as I lost just over 18K on Friday I don't think anyone wants to be following a 'Tip' from me at the moment.....

I think you have answered your own conundrum there!.:rolleyes:

earlgrey_3

purch wrote: »

P.S. If the wife reads this.......the above must be a missprint :rolleyes:

Sound like our marriage. Open and truthful about everything... except when a punt goes a little pear-shaped.

jamesd

wombat42, purch does make useful comments from time to time but you do have to be willing to listen. Like now's not the time to buy that agriculture fund because the sector is overheated at the moment.

purch

Something picked up from Bloomberg....by Jae Har

Rice slumped to a six-week low as the prospect of exports from Pakistan and Japan eased concern that a global food shortage is worsening.

Pakistan, the fifth-biggest exporter, will permit shipments of 1 million metric tons because local needs have been met, Mohammad Azhar Akhtar, chairman of the Rice Exporters Association of Pakistan, said yesterday. Rice has fallen 13 percent in Chicago this week.
The staple for half the world reached a record last month as exporters including Vietnam and India cut sales to guarantee local supplies. The advance in prices for food including rice and wheat has caused riots from Haiti to Egypt.

``The wheels are in motion for lower food prices,'' John Reeve, associate director for agricultural commodities at UBS AG, said today in an interview on Bloomberg Television. Farm output costs were below selling prices and harvests were due, he said.

Rough rice for July delivery fell 27.5 cents, or 1.4 percent, to $20.065 per 100 pounds on the Chicago Board of Trade, after earlier dropping to $19.32, the lowest for a most- active contract since April 2. The price reached a record $25.07 on April 24 and still is up 85 percent from a year ago.

The decline this week was the biggest since the five days ended May 2, when rice plunged 13.4 percent, the most since 2004, Bloomberg data show.

wombat42_2

jamesd wrote: »

wombat42, purch does make useful comments from time to time but you do have to be willing to listen. Like now's not the time to buy that agriculture fund because the sector is overheated at the moment.

I had already covered this point but no one picked up my response. The smart money (and my money) has gone into agriculture infrastructure rather than pure agriculture.

jamesd

wombat42:

pjbltd wrote: »

Does anyone know why Sarasin's Agrisar OEIC is not on there?

purch wrote: »

'don't invest in this Fund at the moment cos most soft commodity's are over valued due to ludicrous speculative demand.....you'll be able to buy into it at lower levels' :eek:

wombat42 wrote: »

Purchy babe you are displaying your ignorance. Sarasin Agrisar only has up to 15% directly invested in agricultural commodities, the rest is in a diverse mix of agriculture infrastructure such as seeds, fertiliser, irrigation, tractors, land, machinery etc.

jamesd wrote: »

wombat42, purch does make useful comments from time to time but you do have to be willing to listen. Like now's not the time to buy that agriculture fund because the sector is overheated at the moment.

wombat42 wrote: »

I had already covered this point but no one picked up my response. The smart money (and my money) has gone into agriculture infrastructure rather than pure agriculture.

Yup, looks like exactly the fund that purch suggested not buying into because the sector is overheated.

Infrastucture unit trusts and OEICs are where consumers put money because that's what's offered to them, more readily than alternatives. So for that reason and others funds that match commodities are likely to move in line with commodity prices to a fair degree.

It's your money, of course, but don't grumble about purch not making suggestions if it turns out that purch was on the right track in the short term being addressed by the comment.

Longer term, with market timing out of the picture, purch seems to have a more positive view (or negative if you want to buy food and products... ).