adrianc
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Post by adrianc on Dec 21, 2020 12:12:40 GMT
The difference between 156% and 171% growth over 5yrs seems fairly academic to me. I'd be bloody delighted with either. Agreed. The point was you don't have to have only 25-35 investments to achieve excellent growth. But iRobot felt a desperate urge to contradict me. Sad No, you don't HAVE to... But, of course, a fund will have a lot of underlying investments within it. And the perennial big D. DIVERSIFICATION! Nothing worse than having all your eggs in one Woodford-shaped basket.
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sd2
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Dec 21, 2020 12:15:35 GMT
Post by sd2 on Dec 21, 2020 12:15:35 GMT
You have an index thats up 500% over 5 years? Which one? None that I know of. My point was that you can’t say 170% return over 5 years is good without knowing the return of the fund/etf/IT’s benchmark. So none then. 500% was a good choice? Could have picked a more realistic figure but no you have come up with an idiotic figure to contradict a reasonable point not even relevant to the conversation.
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sd2
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Dec 21, 2020 12:31:20 GMT
Post by sd2 on Dec 21, 2020 12:31:20 GMT
Agreed. The point was you don't have to have only 25-35 investments to achieve excellent growth. But iRobot felt a desperate urge to contradict me. Sad No, you don't HAVE to... But, of course, a fund will have a lot of underlying investments within it. And the perennial big D. DIVERSIFICATION! Nothing worse than having all your eggs in one Woodford-shaped basket. Definitely. My £30,000 equity release will have one UK investment trust (actually 50% of the trust is uk). The other 5 will be in the rest of the world. Bought JSGI as a starter. growth investment trust. Up 100% over 5 years presently paying 3.1% out of capital. For growth investment trusts <removed by moderator> this appears to be the best way of taking profits. a few weeks back this investment trust was up 125%. As they pay dividends every 3 months looks like a decent way of taking profits.
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Dec 21, 2020 12:46:22 GMT
Post by Deleted on Dec 21, 2020 12:46:22 GMT
My point was that you can’t say 170% return over 5 years is good without knowing the return of the fund/etf/IT’s benchmark. I think you can have absolute targets and you can attempt to achieve them.
What relative targets do for you is open your eyes to alternative thinking and that has to be good.
Over the years relative targets can be used for excuses from my conceptual IFA enemy. "it was tough that year" or "everyone did badly in that area" which frankly is nonsense and I have heard all the way up to St James. My counter argument is "but that is why I am paying you not giving it to an idiot".
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agent69
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Dec 21, 2020 13:14:50 GMT
Post by agent69 on Dec 21, 2020 13:14:50 GMT
Agreed. The point was you don't have to have only 25-35 investments to achieve excellent growth. But iRobot felt a desperate urge to contradict me. Sad No, you don't HAVE to... But, of course, a fund will have a lot of underlying investments within it. And the perennial big D. DIVERSIFICATION! Nothing worse than having all your eggs in one Woodford-shaped basket. And it looks like this doesn't just apply to finance.
Recent events have shown that we have far too many eggs in the port of Dover basket.
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adrianc
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Dec 21, 2020 13:26:41 GMT
Post by adrianc on Dec 21, 2020 13:26:41 GMT
No, you don't HAVE to... But, of course, a fund will have a lot of underlying investments within it. And the perennial big D. DIVERSIFICATION! Nothing worse than having all your eggs in one Woodford-shaped basket. And it looks like this doesn't just apply to finance. Recent events have shown that we have far too many eggs in the port of Dover basket.
Mmm. That sounds a bit like Dominic Raab being shown a map for the first time since he skived GCSE Geography.
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mrk
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Post by mrk on Dec 21, 2020 13:33:27 GMT
Unless the index was up 500% or more You have an index thats up 500% over 5 years? Which one? Best performing in my portfolio is the Legal & General Global Technology Index that's up 247% over 5 years. Passively managed.
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IFISAcava
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Dec 21, 2020 14:10:45 GMT
Post by IFISAcava on Dec 21, 2020 14:10:45 GMT
And its 5 year annualised growth (28.26%) is well beaten by the (both actively managed) BGF World Technology (37.33%) and Polar Global Technology (32.1%). EDIT: I hold all three
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dead-money
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Post by dead-money on Dec 21, 2020 14:12:25 GMT
Reinforcing that it's not the manager, it's the sector or region choosen to invest in that drives returns.
Winners think they're skillful, losers think they're unlucky.
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dead-money
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Dec 21, 2020 14:18:58 GMT
mrk likes this
Post by dead-money on Dec 21, 2020 14:18:58 GMT
And its 5 year annualised growth (28.26%) is well beaten by the (both actively managed) BGF World Technology (37.33%) and Polar Global Technology (32.1%). EDIT: I hold all three
But not beaten by Janus Henderson, Aberdeen Standard Life, Pictet and others. Knowing the winners vs. losers in advance is the tricky bit.
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Dec 21, 2020 14:43:51 GMT
Post by Deleted on Dec 21, 2020 14:43:51 GMT
239% for 5 years is my favorite.
while my IFA is crowing about
427% for 5 years but a bit too hockey stick for me
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IFISAcava
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Post by IFISAcava on Dec 21, 2020 15:00:09 GMT
239% for 5 years is my favorite.
while my IFA is crowing about
427% for 5 years but a bit too hockey stick for me
Baillie Gifford may have got lucky by holding so much Tesla, but their charges are relatively low for active funds, and performance seems pretty good across the board. I hold several of their funds (including these two).
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hazellend
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Dec 21, 2020 15:04:35 GMT
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Post by hazellend on Dec 21, 2020 15:04:35 GMT
None that I know of. My point was that you can’t say 170% return over 5 years is good without knowing the return of the fund/etf/IT’s benchmark. So none then. 500% was a good choice? Could have picked a more realistic figure but no you have come up with an idiotic figure to contradict a reasonable point not even relevant to the conversation. Umm what’s your problem? 500% was a purely hypothetical number.
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hazellend
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Dec 21, 2020 15:07:06 GMT
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Post by hazellend on Dec 21, 2020 15:07:06 GMT
Personally, I will be happy with RPI + 2 - 5% a year over the next 10 years, but I’ve pretty much hit my target already.
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corto
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Dec 21, 2020 15:10:56 GMT
Post by corto on Dec 21, 2020 15:10:56 GMT
The NASDAQ is up 250 in 5 years, too
Without knowing the standard deviation the previously provided numbers for global tech equity funds could all be in the noise, active as much as passive.
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