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Post by rgs2001uk on Oct 23, 2017 21:09:30 GMT 7
Thank you for the article, high yield/low duration is attractive of course but my concern at this moment is the degree to which such bonds are truly defensive and whether or not they will behave very much like equities in a downturn, unfortunately, it looks as though we may not get to know the answer to this until the downturn comes!. I currently hold Royal London Extra Yield and Schroders High Yield Z, I'm holding them not primarily for their income or growth potential but more for their ability to resist downturns and with effective durations of 5.4 and 4.5 they must surely stand a reasonable chance - the standard deviations are 2.82 and 3.85 respectively so really very low. I also have a couple of other bond funds as well as index-linked gilts, the former I am considering swapping out for M&G Optimal Income which looks very promising all around. One of my other bond funds is 24 AM Dynamic Bond Fund which is proving to be a very reliable plodder, nothing exciting by way of returns but it's performance has that feel of reliability to it. Finally, I'm very happy with the composition of my two portfolio's and it's interesting to see how two very different portfolios perform against each other. Overall I'm very pleased with performance hence the emphasis currently is on survivability hence the question earlier about bonds or alternatives. Why would you hold two very different portfolios?
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pathumseb
Crazy Mango Extraordinaire
I found you at last!
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Post by pathumseb on Oct 23, 2017 21:25:28 GMT 7
While it's really crass to talk about money I would appreciate some tips. Got about 15,000 GDP saved from just over a year in Myanmar, as hard as this place can be to live the savings opportunities are a world away from Thailand. What would be the best kind of investment. Not a fortune, but not chump change- I'm confused- actually, I have no idea what to do at all.
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Post by rgs2001uk on Oct 23, 2017 21:40:26 GMT 7
While it's really crass to talk about money I would appreciate some tips. Got about 15,000 GDP saved from just over a year in Myanmar, as hard as this place can be to live the savings opportunities are a world away from Thailand. What would be the best kind of investment. Not a fortune, but not chump change- I'm confused- actually, I have no idea what to do at all. I will take issue with that statement, its not crass at all, boasting and bragging about ones worth, yes I agree, talking about and asking for advice isnt crass. First question, where is your money, trapped in Burma or is it in the UK? If in the Uk, for someone like you I would put it into ITs, (Investment Trusts) see previous post of mine about the usual names. 4k into Scottish Mortagage, Alliance, Witan and Monks. I hold all the above.
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pathumseb
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Post by pathumseb on Oct 23, 2017 21:53:05 GMT 7
Money is in the UK,luckily I am easily able to send cash home via Thailand. Thanks for the solid and direct advice! Got some reading to do over the week then!
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Post by rgs2001uk on Oct 23, 2017 22:09:35 GMT 7
Seb, the reason I mention ITs, they are sometimes considered the lazy mans way to invest, or for those first approaching investing. You are a young guy with a regular income, therefore you aint looking for regular income, but for capital growth. You can afford to take a hit if the market goes down, I have lived through them all, housing market crashes, stock market crashes and currency crashes, I always had a job and regular income to keep me going, same as you have just now. One thing I would advise, NEVER take any advice from anyone you meet in Thailand or Asia, the majority of them are "chancers", you wont believe the opportunities I have been offered, all of them ignored. Here are some charts for you to consider, www.hl.co.uk/shares/shares-search-results/a/alliance-trust-plc-ordinary-2.5p-shareswww.hl.co.uk/shares/shares-search-results/s/scottish-mortgage-it-ordinary-shares-5pwww.hl.co.uk/shares/shares-search-results/w/witan-investment-trust-ordinary-25pwww.hl.co.uk/shares/shares-search-results/m/monks-investment-trust-ordinary-5pAll the above are old established companies with a proven track record. Check out the performances over say the last 3 and 5 years, sure beats investing in worthless paddy fields (that you cant own) upcountry, rubber farms, internet shops, coffee shops etc etc.
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oldie
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Post by oldie on Oct 23, 2017 23:34:26 GMT 7
Early last year my brother put US$100K into some binary scheme based in London he saw on facebook. It quickly grew to US$350K so he decided to pull his first 100 out and paid the US$10K withdrawal fee. There was some glitch before the withdrawal and the investment suddenly dropped to US $40K so he has left it to grow again. I kid you not.
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chiangmai
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Post by chiangmai on Oct 24, 2017 2:36:44 GMT 7
Thank you for the article, high yield/low duration is attractive of course but my concern at this moment is the degree to which such bonds are truly defensive and whether or not they will behave very much like equities in a downturn, unfortunately, it looks as though we may not get to know the answer to this until the downturn comes!. I currently hold Royal London Extra Yield and Schroders High Yield Z, I'm holding them not primarily for their income or growth potential but more for their ability to resist downturns and with effective durations of 5.4 and 4.5 they must surely stand a reasonable chance - the standard deviations are 2.82 and 3.85 respectively so really very low. I also have a couple of other bond funds as well as index-linked gilts, the former I am considering swapping out for M&G Optimal Income which looks very promising all around. One of my other bond funds is 24 AM Dynamic Bond Fund which is proving to be a very reliable plodder, nothing exciting by way of returns but it's performance has that feel of reliability to it. Finally, I'm very happy with the composition of my two portfolio's and it's interesting to see how two very different portfolios perform against each other. Overall I'm very pleased with performance hence the emphasis currently is on survivability hence the question earlier about bonds or alternatives. Why would you hold two very different portfolios? It just worked out that way, I was focussing quite hard on fine-tuning asset allocation both by region and class so I needed to take a slightly different approach the second time around! Plus, there's an element of learning involved, I know more today than I knew when I was tinkering with my first portfolio, if I were to do that one again I might do it differently.There are funds that are common between the two but my new one makes more use of mixed asset funds and is more risk-averse than the first and that is showing up in the daily performance of the portfolio - daily gains and losses in the second portfolio are more muted than in the first and I like the idea that the downside sees smaller losses when things get turbulent. It's also given me a chance to deploy funds I had been strongly considering as replacements, for example: I hold Stewart Asia Pacific Leaders in my first portfolio and this is a good fund for regional coverage in Asia. But performance has been poor, I think because of the replacement fund manager plus their heavier coverage in India, so I was considering Fidelity Asia as a replacement, the second portfolio gave me an opportunity to try it and it has worked out very well, so much so that if the performance continues over time I will consider replacing Stewart with it in my first portfolio.
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AyG
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Post by AyG on Oct 24, 2017 7:57:55 GMT 7
I must be doing something right, I hold SM, Monks, Bankers and Witan. Or are just following the herd - perhaps not a great strategy. That said, I do hold two similar trusts (Finsbury Growth & Income, Witan Investment Trust), albeit just 7% of my portfolio. My concern is that some of these trusts are simply too large. The close ended structure is supposed to provide stability, but some investment trusts just keep on issuing more shares. They label it "discount management", but in practice it gives the investment trusts some of the negative characteristics of funds. Just out of curiosity, I think you hold Alliance. Were you ever tempted to sell given the prolonged period of weak performance?
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chiangmai
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Post by chiangmai on Oct 24, 2017 8:12:15 GMT 7
While it's really crass to talk about money I would appreciate some tips. Got about 15,000 GDP saved from just over a year in Myanmar, as hard as this place can be to live the savings opportunities are a world away from Thailand. What would be the best kind of investment. Not a fortune, but not chump change- I'm confused- actually, I have no idea what to do at all. I think..... the first question is what currency is the money held in and where, if it's in Myanmar in local. Apologies, I just read your earlier post: Secondly, how long can you tie the money up for, must it remain liquid or can you tie it up for 6/12/60/120 months? Thirdly, what's your appetite for risk, would it be the end of the world if your investments fell in value by 20%? If you can answer those three points, coming up with investment options is easy because there's a load of alternatives out there, it's just a question of which ones fit your needs.
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AyG
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Post by AyG on Oct 24, 2017 9:25:55 GMT 7
All the above are old established companies with a proven track record. Except that some of them aren't doing what they used to do - particularly Alliance and SMIT. Alliance Trust has undergone a major shake up after a period of underperformance. Last year the fund management moved from being in house to being outsourced to Willis Towers Watson and has changed to a multi-manager approach. (Witan underwent a similar change in structure in 2004 and has done very well from it.) SMIT is now basically a technology trust, not a generalist, with top investments in Amazon (7%), Tesla (7.3%), Tencent (6.7%), Alibaba (6.5%), Illumina (a US biotechnology company, 5.7%), Baidu (4.9%). There are also substantial holdings in Facebook, Alphabet (formerly Google), Netflix, Rocket Internet and others. Many of these shares are at (in my opinion) irrationally high valuations. This is definitely not a trust for widows and orphans. Monks isn't quite as technology-heavy (and is more diversified), but still has significant investments in the likes of Amazon, Naspers, Alphabet, SAP, MercadoLibre, Facebook, Baidu, Tesla.
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Post by rgs2001uk on Oct 24, 2017 13:46:44 GMT 7
I must be doing something right, I hold SM, Monks, Bankers and Witan. Or are just following the herd - perhaps not a great strategy.That said, I do hold two similar trusts (Finsbury Growth & Income, Witan Investment Trust), albeit just 7% of my portfolio. My concern is that some of these trusts are simply too large. The close ended structure is supposed to provide stability, but some investment trusts just keep on issuing more shares. They label it "discount management", but in practice it gives the investment trusts some of the negative characteristics of funds. Just out of curiosity, I think you hold Alliance. Were you ever tempted to sell given the prolonged period of weak performance?Or a trendsetter and visionary, more like a misguided fool, , I have held all the ITs mentioned for at least 15 years if not longer. Correct, what a good memory you have young man, it accounts for about 35% of my portfolio, and yes I did consider selling it a couple of years ago, in fact if I had been in the UK at the time I would have sold it. You are correct it went through a period of weak performance, I put that down to the Garret-Cox woman. I am giving serious thought to offloading it next year when I will be in the UK.
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Post by rgs2001uk on Oct 24, 2017 13:50:11 GMT 7
Why would you hold two very different portfolios? It just worked out that way, I was focussing quite hard on fine-tuning asset allocation both by region and class so I needed to take a slightly different approach the second time around! Plus, there's an element of learning involved, I know more today than I knew when I was tinkering with my first portfolio, if I were to do that one again I might do it differently.There are funds that are common between the two but my new one makes more use of mixed asset funds and is more risk-averse than the first and that is showing up in the daily performance of the portfolio - daily gains and losses in the second portfolio are more muted than in the first and I like the idea that the downside sees smaller losses when things get turbulent. It's also given me a chance to deploy funds I had been strongly considering as replacements, for example: I hold Stewart Asia Pacific Leaders in my first portfolio and this is a good fund for regional coverage in Asia. But performance has been poor, I think because of the replacement fund manager plus their heavier coverage in India, so I was considering Fidelity Asia as a replacement, the second portfolio gave me an opportunity to try it and it has worked out very well, so much so that if the performance continues over time I will consider replacing Stewart with it in my first portfolio. An honest answer, and in many ways similair to my own experiences.
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siampolee
Detective
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Post by siampolee on Oct 24, 2017 14:14:39 GMT 7
Gentleman, please do not ignore this wonderful opportunity either. Get in on the ground floor,and end up in the cellar!!!!! Culled from both F B and the Plumber thread here too
MacWallet rides his ''pony''again. Rumour has it he is currently in Poland. According to his F B post of October 12th he is working on his own cryptocurrency.
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chiangmai
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Post by chiangmai on Oct 24, 2017 15:10:41 GMT 7
Gentleman, please do not ignore this wonderful opportunity either. Get in on the ground floor,and end up in the cellar!!!!! Culled from both F B and the Plumber thread here too
MacWallet rides his ''pony''again. Rumour has it he is currently in Poland. According to his F B post of October 12th he is working on his own cryptocurrency. Put me down for a monkey........no wait, I mean, a fool and his monkey are soon parted.....or something like that.
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Post by rgs2001uk on Oct 24, 2017 20:37:19 GMT 7
Early last year my brother put US$100K into some binary scheme based in London he saw on facebook. It quickly grew to US$350K so he decided to pull his first 100 out and paid the US$10K withdrawal fee. There was some glitch before the withdrawal and the investment suddenly dropped to US $40K so he has left it to grow again. I kid you not. I blame Zuckerburg, that faceache translate is rubbish, why he doesnt team up with google is beyond me, be aware of anything written in polish or any other east european language, same same nigeria.
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