macq
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Post by macq on Jun 27, 2019 11:04:44 GMT
As an aside I hear fund managers eke out a good living. Is there any fund manager who does not charge a fee but takes a cut of profits? There are Investment trusts (and possibly funds) that do both in charging a fee and then a performance fee.But there is Orbis investments who do what your asking in only taking a fee on beating a benchmark on a sliding scale or refunds if they miss their target but the only problem is they only run Two funds at the moment i believe But If you think a manager with incentive is a good thing its also worth looking at IT's as they will have a board & sometimes poor performance will lead to a change of manager or its easy to search online for fund managers with "skin in the game"
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littleoldlady
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Post by littleoldlady on Jun 27, 2019 15:01:43 GMT
Is there any fund manager who does not charge a fee but takes a cut of profits? There are Investment trusts (and possibly funds) that do both in charging a fee and then a performance fee.But there is Orbis investments who do what your asking in only taking a fee on beating a benchmark on a sliding scale or refunds if they miss their target but the only problem is they only run Two funds at the moment i believe But If you think a manager with incentive is a good thing its also worth looking at IT's as they will have a board & sometimes poor performance will lead to a change of manager or its easy to search online for fund managers with "skin in the game" Well it's not so much that I think the manager will do better with an incentive, I suppose that all managers are trying their best to make a profit, (and as pointed out above incentives can be manipulated) it's just that it sticks in the craw to pay someone who has lost my money.
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Post by Deleted on Jul 1, 2019 8:23:24 GMT
There are a number of Funds that do some interesting work on incentives One, for example, insists that the management invests, between them, in at least 4% of the fund, now that is skin in the game. I think it is First State Infrastructure, but if it really is important to you then I'll dig the details out for you.
I suggest as I have before, that you first work out what your relationship is with money before you start investing in it. You can do this by talking to an IFA or just filling in one of their little forms. Then set up some dummy stock and fund trackers. Maybe use lse.co.uk and Trustnet.com these offer free tracking on your investments and let you see if your decisions make any sense.
I'd then get a few books and start thinking what skills you bring to the Investment table that you think will out-perform a full time professional. All this is good grist to work out where you should put your money.
I have invested for over 30 years and it took me at least 10 to find my niche, so don't panic if it doesn't work for you, maybe you don't have the nack, but that doesn't mean you can't choose a good person to invest for you.
:-)
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gc
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Post by gc on Jul 1, 2019 22:01:21 GMT
Totally agree bobo, especially ones relationship with money. Get this wrong (and if one has a nervy disposition) and you'll end up giving yourself many sleepless nights and it just isn't worth it.
I am quite wet behind the ears when it comes to etf/stock shares investing though have had a some good luck with it (so far) Of course, I am not daft enough to think that just because I am enjoying the ride in a bull market, I am suddenly the next Mr Buffett.
My background is tech (ex IBM boy) and understand a little about the pharma industry, so I try to ride within that field.
You've been doing this for 30 years, then you would have seen some nice fluctuations (ok, the bottom fall out) within the stocks on a few occassions.
My first lesson came very quickly.. I have only been doing this specific thing for a year. Started off with dummy accounts for a long time and then decided to bite the bullet. 6 weeks into it, we had something called "blood bath" (end of last year) and it wiped a good chunk out of my portfolio. So many people were pulling out and lost but I held my nerve and watched them climb back up again. Actually, I invested more as they were plummeting down, something that has served me well so far.
Second lesson came when I invested in a pharma company and within a few months, the stocks were hammering down, near enough a 10% loss. All the "pro" sites were saying SELL and get out, cut your losses, but again, holding ones nerve and remembering why I invested with them in the first place, served me well and they are now in profit.
The thing I would suggest to people is, if you have done your homework and know why you are investing in a specific stock, then use the "professionals" advice as a guideline but not gospel. Secondly, make sure you have a strong disposition and can keep your head as this is what also catches a lot of people out.
Of course, most people will say that this is all obvious and standard stuff, but try seeing how "obvious" it is when it is your own money at stake as it then becomes a different beast. There is a BIG DIFFERENCE between testing with a dummy account, watching prices go down and ploughing more funds into it, and actually doing it with REAL money.
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hazellend
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Stocks
Jul 2, 2019 10:16:13 GMT
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Post by hazellend on Jul 2, 2019 10:16:13 GMT
The best advice is to avoid individual stocks altogether and buy a cheap global index tracker.
Advantages: - saves you loads of time and effort - outperforms the majority of professional fund/hedge fund managers and amateurs over the long term after costs
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Stocks
Jul 4, 2019 19:00:25 GMT
via mobile
Post by elephantrosie on Jul 4, 2019 19:00:25 GMT
Hey thanks all for the replies.
The website I used is investment quadrant by the fifth person.
Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees?
Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire.
I will do extra shifts and pump these extra money into individual stocks when they are undervalued.
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hazellend
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Stocks
Jul 4, 2019 19:05:29 GMT
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Post by hazellend on Jul 4, 2019 19:05:29 GMT
Hey thanks all for the replies. The website I used is investment quadrant by the fifth person. Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees? Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire. I will do extra shifts and pump these extra money into individual stocks when they are undervalued. No, just no. You do not have a clue. Individual stocks is a bad idea for you. Your whole paragraph shows you to be naive and gullible, wake up. Some people might beat the market, bust the vast majority won’t. Do yourself a favour and open up an account with vanguard U.K. There is no easy money out there. The best way to get rich with the stock market is slowly.
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macq
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Post by macq on Jul 4, 2019 19:25:17 GMT
Hey thanks all for the replies. The website I used is investment quadrant by the fifth person. Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees? Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire. I will do extra shifts and pump these extra money into individual stocks when they are undervalued. Have no point of view on whats right or wrong but Playing Devils advocate if the people running investment quadrant are so good why are they sharing the info and not just making a killing? or if as i am guessing they want a fee does that not make them just like a fund manager?
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gc
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Stocks
Jul 4, 2019 19:53:03 GMT
Post by gc on Jul 4, 2019 19:53:03 GMT
Hey thanks all for the replies. The website I used is investment quadrant by the fifth person. Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees? Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire. I will do extra shifts and pump these extra money into individual stocks when they are undervalued. If that is your chosen method of approach on this, then that is up to you and good luck with it. Personally, this is not for me as I did a search on fifth person + "investment quadrant" review and though all the results seem good, I haven't noticed a result from one of the big players out there, reviewing them. I have done other quick research also but it is not something that sits well with me personally. If anyone is selling this to you as a way to either "get rich quick (or quickish)", or anything similar, then it's a no from me. There is enough information out there to help you, it just takes time and effort, like most other things. My advice to you would be to choose a field, or two (or three) and understand your chosen area, so YOU know if it is worth investing in and why. That way, if the stock starts to fall out, you have enough knowledge to know if you are going to ride it out or sell, (most sell) but if you have a little knowledge on it, you will maybe even buy more at a lower point and then the climb will be even more sweet. Just don't try to time the baseline as nobody really knows that point. Just my simple 2 cents worth..
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Greenwood2
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Post by Greenwood2 on Jul 4, 2019 20:15:05 GMT
Hey thanks all for the replies. The website I used is investment quadrant by the fifth person. Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees?Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire.I will do extra shifts and pump these extra money into individual stocks when they are undervalued. 1st Bold: because it's difficult and doesn't always work, better to get a really good salary. 2nd Bold: Good for him, but it's a very rare occurrence. 3rd Bold: How do you tell when stocks are undervalued, if fund managers get it wrong? Do you have some extra insight?
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Post by Ace on Jul 4, 2019 20:37:32 GMT
Hey thanks all for the replies. The website I used is investment quadrant by the fifth person. Why do I want to buy individual stocks, rather than funds? Fund managers do fundamental analyses, but if they are so good, why are they still employees? Also I know a person who never invested in funds and only buy individual stocks. He went from a pauper to a multimillionaire. I will do extra shifts and pump these extra money into individual stocks when they are undervalued. No, just no. You do not have a clue. Individual stocks is a bad idea for you. Your whole paragraph shows you to be naive and gullible, wake up. Some people might beat the market, bust the vast majority won’t. Do yourself a favour and open up an account with vanguard U.K. There is no easy money out there. The best way to get rich with the stock market is slowly. That's very harsh hazellend, I hope no one has ever asked you: "does my bum look big in this?"😃 On the other hand, I have to totally agree with you.
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hazellend
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Post by hazellend on Jul 4, 2019 20:56:24 GMT
No, just no. You do not have a clue. Individual stocks is a bad idea for you. Your whole paragraph shows you to be naive and gullible, wake up. Some people might beat the market, bust the vast majority won’t. Do yourself a favour and open up an account with vanguard U.K. There is no easy money out there. The best way to get rich with the stock market is slowly. That's very harsh hazellend, I hope no one has ever asked you: "does my bum look big in this?"😃 On the other hand, I have to totally agree with you. Got to be cruel to be kind! Usually once naive investors have drunk the BS koolaid spouted by get rich with equity claims there is no convincing them so I get straight to the point
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corto
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one-syllabistic
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Stocks
Jul 4, 2019 21:19:30 GMT
Post by corto on Jul 4, 2019 21:19:30 GMT
Dear Elephantrosie
Don't trust anybody here. Get yourself a proper financial adviser. If you have the money to invest, it costs a fraction of what you can gain. And next year you may want to do it all yourself (or not).
Best C
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gc
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Post by gc on Jul 4, 2019 21:56:24 GMT
Dear Elephantrosie Don't trust anybody here. Get yourself a proper financial adviser. If you have the money to invest, it costs a fraction of what you can gain. And next year you may want to do it all yourself (or not). Best C Not sure I would say "don't trust anybody here".. The main advice being given by people here is, be wear and not to trust any "get rich quick" schemes, which I think is very good advice. Bear in mind that even quite a few financial advisers are biased to the products they "help you with".
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hazellend
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Post by hazellend on Jul 5, 2019 7:12:57 GMT
You can trust vanguard.co.uk
You definitely cannot trust financial advisors
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