GavinK
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Post by GavinK on Jun 21, 2021 12:37:59 GMT 7
morningstar uk is showing 35.60 (using portfolio). |
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AyG
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Post by AyG on Jun 22, 2021 17:07:54 GMT 7
morningstar uk is showing 35.60 (using portfolio). Thanks. I hadn't noticed that was there. Being pedantic, I should point out that this is Estimated P/E, based upon an estimate of the company earnings for the current year, rather than the traditional P/E which uses last year's actual earnings. Normally the difference should be fairly minor, provided that the earnings estimate is OK. |
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AyG
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Post by AyG on Jun 22, 2021 17:19:14 GMT 7
What about this? [ONE-UGG-RA] It invests in Baillie Gifford Long Term Global Growth Fund. Baillie Gifford had a stonkingly good 2020. According to TrustNet, in 2020 "the group didn’t have a single fund in the bottom decile of their peer group." However, that performance is unlikely to be repeated this year. In 2021 so far "some 40 per cent of its range – or 12 funds – are in the bottom decile with another four in the ninth, meaning 53.3 per cent of Baillie Gifford’s funds are in the worst two deciles over 2021 so far." I like Baillie Gifford. I like their investment in academic research, their team decision making, and their generally thoughtful approach. I liked it better when they didn't plunge boots in into more speculative investments, and when they generated a steady market + 3%. So, for me, I'll continue to hold my Baillie Gifford funds/trusts, but won't be putting more money in until they get back to steady but unspectacular outperformance. www.trustnet.com/news/13264050/which-fund-group-could-be-2021s-baillie-gifford |
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Post by rgs2001uk on Jun 22, 2021 21:23:30 GMT 7
^^^^ alarmist rubbish there AyG, I really expect better from you,its the sort of nonsense I would expect from CM.
Some hack knocks up a quick precis, but offers no alterantives to BG, doesnt tell us his portfolio.
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chiangmai
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Post by chiangmai on Jun 23, 2021 3:10:03 GMT 7
Indeed AyG that's truly shocking! How dare you read intellectual and thought provoking articles in the financial and investment press and conclude they are anything other than absolute rubbish, you may as well read the Beano for all the good it'll do ya. Forget these Trustnets, Bloombergs and Financial Times, just throw all your money at BG funds and they'll sort it all for you and you won't have to worry about anything. Risk mitigation? It's a buzz word that novices use to impress others, BG does all that sort of stuff for ya!
A quick rhetorical question rgs. Do you suppose Bloomberg staff wake up each day and think, I must read Charles Plowden and Spencer Adair or do you suppose it's the other way around!
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AyG
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Post by AyG on Jun 23, 2021 7:13:07 GMT 7
^^^^ alarmist rubbish there AyG I don't see it like that. It was pretty obvious (at least to me) that the exceptional performance of Baillie Gifford funds in 2020 could not be sustained. Funds simply can't go on doubling your money year upon year. I was very surprised, however, to learn how many of their funds had dropped to the bottom two deciles for this year so far, so I discovered something interesting from what you're calling "alarmist rubbish". In the context of the retail investor, a large percentage of investors simply buy what has performed well recently. (One only need look at fund inflows to see how true this is.) The article shows starkly how misguided this approach is. Unfortunately, one freakishly good year will distort the 3- and 5-year performance figures for years (3 and 5 years respectively, to be precise), so investors will, regrettably, be investing with false hope. |
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Post by rgs2001uk on Jun 23, 2021 20:49:00 GMT 7
^^^^ alarmist rubbish there AyG I don't see it like that. It was pretty obvious (at least to me) that the exceptional performance of Baillie Gifford funds in 2020 could not be sustained. Funds simply can't go on doubling your money year upon year. I was very surprised, however, to learn how many of their funds had dropped to the bottom two deciles for this year so far, so I discovered something interesting from what you're calling "alarmist rubbish". In the context of the retail investor, a large percentage of investors simply buy what has performed well recently. (One only need look at fund inflows to see how true this is.) The article shows starkly how misguided this approach is. Unfortunately, one freakishly good year will distort the 3- and 5-year performance figures for years (3 and 5 years respectively, to be precise), so investors will, regrettably, be investing with false hope. I concur, thank you for proving my point, nothing but alarmist rubbish, only a fool or the financially illiterate would expect BG to be able to maintain such performance. At this moment, its nothing more than a snapshot in time, maybe the laggards have caught up, lets reexamine and re evaluate in say 1 3 or 5 years time. |
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Post by rgs2001uk on Jun 23, 2021 20:53:43 GMT 7
Indeed AyG that's truly shocking! How dare you read intellectual and thought provoking articles in the financial and investment press and conclude they are anything other than absolute rubbish, you may as well read the Beano for all the good it'll do ya. Forget these Trustnets, Bloombergs and Financial Times, just throw all your money at BG funds and they'll sort it all for you and you won't have to worry about anything. Risk mitigation? It's a buzz word that novices use to impress others, BG does all that sort of stuff for ya! A quick rhetorical question rgs. Do you suppose Bloomberg staff wake up each day and think, I must read Charles Plowden and Spencer Adair or do you suppose it's the other way around! Too many talking heads and white noise for me old bean, buzz words like ethical, green, organic and halal investing. I prefer to stick with old fashioned boring mundane companies with a proven track record built up over years rather than todays new kid on the block. I still stand by a comment I made a few months back, you could almost build a portfolio based on BG products alone. |
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chiangmai
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Post by chiangmai on Jun 24, 2021 1:39:22 GMT 7
Indeed AyG that's truly shocking! How dare you read intellectual and thought provoking articles in the financial and investment press and conclude they are anything other than absolute rubbish, you may as well read the Beano for all the good it'll do ya. Forget these Trustnets, Bloombergs and Financial Times, just throw all your money at BG funds and they'll sort it all for you and you won't have to worry about anything. Risk mitigation? It's a buzz word that novices use to impress others, BG does all that sort of stuff for ya! A quick rhetorical question rgs. Do you suppose Bloomberg staff wake up each day and think, I must read Charles Plowden and Spencer Adair or do you suppose it's the other way around! Too many talking heads and white noise for me old bean, buzz words like ethical, green, organic and halal investing. I prefer to stick with old fashioned boring mundane companies with a proven track record built up over years rather than todays new kid on the block. I still stand by a comment I made a few months back, you could almost build a portfolio based on BG products alone. Those words don't appeal to me either but some others that do include, 10 year bond yield, rotation, crude price, jobless claims, inflation, futures volume! You could indeed build an entire portfolio out of BG products, the questions is, would you really want to. The words, eggs, basket and all in, spring to mind. |
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Post by rgs2001uk on Jun 24, 2021 20:42:23 GMT 7
Too many talking heads and white noise for me old bean, buzz words like ethical, green, organic and halal investing. I prefer to stick with old fashioned boring mundane companies with a proven track record built up over years rather than todays new kid on the block. I still stand by a comment I made a few months back, you could almost build a portfolio based on BG products alone. Those words don't appeal to me either but some others that do include, 10 year bond yield, rotation, crude price, jobless claims, inflation, futures volume!You could indeed build an entire portfolio out of BG products, the questions is, would you really want to. The words, eggs, basket and all in, spring to mind. I tried CM I really tried, I watched Bloomberg this morning, did my head in, crop rotation, sorry I lost it when they were discussing wheat futures on the Kansas market. The 5 tickers tapes on top of each other didnt help either, you are a better man than I if you can honestly say you understand what they are waffling on about, as for me, I will stick with BG for the time being. |
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chiangmai
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Post by chiangmai on Jun 25, 2021 2:05:09 GMT 7
Those words don't appeal to me either but some others that do include, 10 year bond yield, rotation, crude price, jobless claims, inflation, futures volume!You could indeed build an entire portfolio out of BG products, the questions is, would you really want to. The words, eggs, basket and all in, spring to mind. I tried CM I really tried, I watched Bloomberg this morning, did my head in, crop rotation, sorry I lost it when they were discussing wheat futures on the Kansas market. The 5 tickers tapes on top of each other didnt help either, you are a better man than I if you can honestly say you understand what they are waffling on about, as for me, I will stick with BG for the time being. People either understand and enjoy economics or they don't (it seems), it's kinda nerdy but I enjoy it. Reading Bloomberg is easier than watching Bloomberg, that way you can cherry pick the things that interest you and that have an impact on your circumstances. Wheat futures don't play a part in my economics framework but I understand why it does for others. And no, it's not crop rotation, sector rotation refers to the cyclical change, out from one style of investing and into another, that's important for you personally because you're invested in the markets. |
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chiangmai
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Post by chiangmai on Jun 25, 2021 5:28:07 GMT 7
rgs's comments got me thinking, what are the key economic indicators that investors should be aware? Personally, I watch out for info regarding:
The value of the VIX - (The Fear Index, are more people buying futures)
USD value - (dollar down, stocks up)
The price of oil
Markit PMI numbers
Unemployment figures
Central Bank announcements
GDP figures
It takes five minutes to scan Bloomberg or similar and look for news on these things. They are all fairly useful indicators of economic health and offer up clues about the state of markets and direction. No need to dwell on the price of pork bellies or wheat futures, unless you're a farmer or a pig that is.
CPI -
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Post by rgs2001uk on Jun 25, 2021 20:25:59 GMT 7
I tried CM I really tried, I watched Bloomberg this morning, did my head in, crop rotation, sorry I lost it when they were discussing wheat futures on the Kansas market. The 5 tickers tapes on top of each other didnt help either, you are a better man than I if you can honestly say you understand what they are waffling on about, as for me, I will stick with BG for the time being. People either understand and enjoy economics or they don't (it seems), it's kinda nerdy but I enjoy it. Reading Bloomberg is easier than watching Bloomberg, that way you can cherry pick the things that interest you and that have an impact on your circumstances. Wheat futures don't play a part in my economics framework but I understand why it does for others. And no, it's not crop rotation, sector rotation refers to the cyclical change, out from one style of investing and into another, that's important for you personally because you're invested in the markets. I understand economics, however sadly for me I no longer have the enthusiasm for it I once had. Sounds like me buzz words to me, would that be proactive or reactive investing, following the herd into BG or Scottish Mort as AyG reminds us. For the record, I hold no crypto currency, precious metals or bonds, and have no intention of ever holding them, no matter what the talking heads advice on Bloomberg is. |
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Post by rgs2001uk on Jun 25, 2021 20:30:14 GMT 7
rgs's comments got me thinking, what are the key economic indicators that investors should be aware? Personally, I watch out for info regarding: The value of the VIX - (The Fear Index, are more people buying futures) USD value - (dollar down, stocks up) The price of oil Markit PMI numbers Unemployment figures Central Bank announcements GDP figures It takes five minutes to scan Bloomberg or similar and look for news on these things. They are all fairly useful indicators of economic health and offer up clues about the state of markets and direction. No need to dwell on the price of pork bellies or wheat futures, unless you're a farmer or a pig that is. CPI - For me personally, long term capital growth built up over a proven track record of at least 10 years. Over the years it has finally led me to believe, at least for me, global ITs are the way to go, the proof of the pudding is in the eating, 9 of the 13 stocks I hold are global ITs, 3 more are ITs, I only hold one FTSE 100 company, Croda. |
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chiangmai
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Post by chiangmai on Jun 26, 2021 5:14:12 GMT 7
This mornings contribution from Mr Bloomberg is, "The Cboe Volatility Index, or the VIX, tumbled to pre-pandemic levels". Stocks climb.....it's all you need to know.
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Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
