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Post by rgs2001uk on Dec 18, 2017 21:40:22 GMT 7
www.cnbc.com/2017/11/16/norways-1-trillion-wealth-fund-proposes-to-drop-oil-gas-stocks-from-index.htmlAt the end of 2016, the fund's equity investments were split between investments in the financial sector (23.3 percent), industrial companies (14.1 percent), consumer goods (13.7 percent), consumer services (10.3 percent), healthcare (10.2 percent), technology (9,5 percent), oil and gas (6.4 percent), basic materials (5.6 percent), telecoms (3.2 percent) and utilities (3.1 percent).www.independent.co.uk/news/business/news/norway-sovereign-wealth-fund-1-trillion-dollar-valuation-first-time-reserve-money-a7942351.html
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Post by rgs2001uk on Dec 18, 2017 22:21:56 GMT 7
As an aside to the above, after last weeks sell offs (as previously mentioned on another thread), my stockbroker portfolio now look s like this.
Cash 0.6%
Global Equity Funds 37.7%
Financials 6.8%
Consumer Goods 23.4%
Healthcare 6.2%
Consumer Services 3.6%
Technology 5.3%
Oil & Gas 9.9%
Basic Materials 6.5%
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Post by Fletchsmile on Dec 19, 2017 23:13:00 GMT 7
Not sure they are smarter than us. But their government is definitely smarter than our government  They've had the common sense to build a long term asset fund of equities. In contrast to the UK who relies on increasing liabilities with fewer and fewer people to fund them each year. That a small country with a population of about 5 million owns about 1.3% of global equities has been a very smart move. For years I've believed the UK government should try and build something similar. Just make a start. Even if it's something as simple as take 1% of everyone's income each year or an additional 1 percentage point on NI to kick off, and then simply make sure they take out less than they put it each year. Hell, the've also had the ideal opportunity in recent years of another way to start. Borrow at the ridiculously low interest rates we've had for a decade on a very long term basis - think 30/50/100 years or whatever they can get away with for tenure - and use that to get started. The dividend income alone would easily fund the low debt interest rate. Ring fence the money and make sure it isn't just used for p**sing away like the rest of what they receive in though |
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Post by rgs2001uk on Dec 20, 2017 21:06:46 GMT 7
^^^^ a lot of truth in what you say.
I was actually thinking about it from an investors point of view, and their dropping O&G stocks.
My overall portfolio consists of about 7% in O&G.
BP, nice 5.9% divi
Royal Dutch Shell, 5.8%
BHP Billiton, 6.2%
Rio Tinto, 5.2%
Croda, 1.8%
I view them as nothing more than a bank account that pays more than the miserly rates offered elsewhere.
BP and BHP are on my watch list, and basically have from now til I hit the UK next summer to get their act together, otherwise, they will be sold
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