travolta
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Post by travolta on Jun 4, 2019 8:56:50 GMT
Hands up who is going to take a hit ?
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registerme
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Post by registerme on Jun 4, 2019 8:58:04 GMT
Hargreaves Lansdown methinks.
Personally, unless one of my pensions has a slice, I avoided it.
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jlend
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Post by jlend on Jun 4, 2019 9:10:19 GMT
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SteveT
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Post by SteveT on Jun 4, 2019 9:27:57 GMT
WPCT trading at 25% discount to NAV this morning!
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copacetic
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Post by copacetic on Jun 4, 2019 9:28:37 GMT
Another +1 for the low cost index tracker vs expert coin flippers.
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copacetic
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Post by copacetic on Jun 4, 2019 11:22:24 GMT
Another +1 for the low cost index tracker vs expert coin flippers. Thats a rather foolish mentality. First, there are fund managers and fund managers. Its up to you to pick the right one. Most sensible people could easily see that Mr Woodford was very quickly reaching that stage of believing his own puff. The whole point of picking fund managers is that you don't follow the herd, but you find the number two who's quietly doing a reasonable job of things. Time and again, the herd following mentality is proven to be foolish (for example there was that chap from Fidelity a few years back who was promoted as the China guru ... he too ultimatley fell victim of over-hyping when his magical Chinese fund failed to deliver).
Secondly, speaking for myself I only invest in individual equities and have done quite well, thank you very much. Passive investing is all well and good. But, well, its passive ... and so very much requires an extra-long term mentality that many retail traders simply don't have the patience for (just to clarify, I'm not saying people should be short-term traders, absolutley not ... I'm just saying your average Joe doesn't have the mentality to think on a 10 year timeframe altough that might be (or might not) be the most suitable for them)
Hence expert coin flippers. Just because you select the guy that's got 10 heads in a row doesn't mean he's going to have a better chance to come up heads the next time he flips the coin. I'm not alone in my foolish mentality. Sure a few people will be better off but it's generally bad advice for most people to invest with active fund managers over low cost index funds.
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jlend
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Post by jlend on Jun 4, 2019 12:06:28 GMT
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jun 4, 2019 12:17:57 GMT
I have a couple of HL manager funds but not a lot as % are kept low in individual funds. Currently up 15% from purchase very little change in last month.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jun 4, 2019 14:01:22 GMT
WPCT trading at 25% discount to NAV this morning! Sounds like a good buying opportunity! Time for a bit of a fun punt.
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gc
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Post by gc on Jun 4, 2019 15:18:09 GMT
Thats a rather foolish mentality. First, there are fund managers and fund managers. Its up to you to pick the right one. Most sensible people could easily see that Mr Woodford was very quickly reaching that stage of believing his own puff. The whole point of picking fund managers is that you don't follow the herd, but you find the number two who's quietly doing a reasonable job of things. Time and again, the herd following mentality is proven to be foolish (for example there was that chap from Fidelity a few years back who was promoted as the China guru ... he too ultimatley fell victim of over-hyping when his magical Chinese fund failed to deliver).
Secondly, speaking for myself I only invest in individual equities and have done quite well, thank you very much. Passive investing is all well and good. But, well, its passive ... and so very much requires an extra-long term mentality that many retail traders simply don't have the patience for (just to clarify, I'm not saying people should be short-term traders, absolutley not ... I'm just saying your average Joe doesn't have the mentality to think on a 10 year timeframe altough that might be (or might not) be the most suitable for them)
Hence expert coin flippers. Just because you select the guy that's got 10 heads in a row doesn't mean he's going to have a better chance to come up heads the next time he flips the coin. I'm not alone in my foolish mentality. Sure a few people will be better off but it's generally bad advice for most people to invest with active fund managers over low cost index funds. Index tracker funds are far from foolish, when one takes into account that each time a fund manager breaths, a tiny percentage of ones fund is eroded away and plus the overall costing of a fund manager. I would usually recommend a good index tracker with low overheads over them. Of course there are fund managers that do beat these but even that is a risk. A drip fed index tracker, and when the market takes a big hit, then if one can, throw a sum at it (as they always pick back up again), in my mind is the best way to go. Personally, I also have some individual equities, but anyone new to the "game" could do a lot worse than going for a simple passive VUSA or VUKE and drip feeding them.
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registerme
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Post by registerme on Jun 4, 2019 15:34:10 GMT
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Post by dan1 on Jun 4, 2019 15:46:46 GMT
My bold... 
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registerme
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Post by registerme on Jun 5, 2019 15:28:02 GMT
Though it's just occurred to me that anybody owning FTSE 100 (trackers, pensions, whatever) will own a piece of Hargreaves Lansdown, which is off 6.5% today. So thanks for that Mr Woodford  . |
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bigfoot12
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Post by bigfoot12 on Jun 5, 2019 15:39:12 GMT
Though it's just occurred to me that anybody owning FTSE 100 (trackers, pensions, whatever) will own a piece of Hargreaves Lansdown, which is off 6.5% today. But still up ~15% on the year, so unlikely to be the worst investment owned by most of us on this forum.
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hazellend
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Post by hazellend on Jun 5, 2019 15:47:49 GMT
Yet more substantial evidence that it is best to go with low cost, ultra cheap, index trackers.
Very few can beat the market, even with a team of phd on the board. Out of the few who do outperform long term, it is mostly due to luck rather than skill.
Yes, some will think they are more experienced/clever than Woodford but it seems unlikeky.
Enter Wall Street stage right 😆
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