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Post by Fletchsmile on Feb 16, 2018 16:55:21 GMT 7
Looking at the numbers this morning it seems as though the current fall/correction/crash might just be the gift that keeps on giving. I hope we don't need to change the title of this thread to, "how did you fare in the February/March correction"! Quite a few markets technically hit the 10% "correction" point since we started the thread, but in the last few days looks like markets have been bouncing back and recovering a fair bit of the drop. So for now looks like a temporary blip and just one of those things. I heard a comment on Bloomberg the other day, that there'd previously been a whole generation of traders who'd never experienced rising interest rates until the last year or so. And now there's a whole generation of traders who've never really experienced much in the way of volatility, who are now starting to To be honest, I see it all as a positive sign that markets are getting more back to normal/ they used to be before the central bankers around the world had to step in with drastic measures. To an extent they made a decade of somewhat artificial markets. No we seem to be heading back to the "real" world
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Post by Fletchsmile on Feb 16, 2018 17:20:05 GMT 7
I haven't made many changes to my portfolios at all this year, and haven't felt the need to change my investments yet because of this February blip. A couple of minor things round the edges though: - I generally haven't re-invested income/ dividends this year. Partly as I want the income, but partly as I don't want to be adding much to holdings at this point in time - I sold some holdings in Thailand. These were: > TMB Gold Fund and MFC Gold fund. Partly to fund day to day living expenses, but partly because I don't feel I want so much in gold funds in these markets. I feel less need at the moment for the "insurance" they are supposed to provide. But also they don't have any natural income yield, so I'd prefer to hold things that I know will pay a dividend and contribute to day to day living expenses > TMB Corporate Bond fund. Partly for day to day living expenses, but again partly because I prefer to hold something that will provide more income. The fund held up well during the GFC, and was one of the few funds I held that made money that year when everything else was tanking. Since then returns haven't been much better than cash, so in the interests of more efficient returns I've offloaded Probably a reflection of my thoughts at the moment. I don't feel the need to move into more defensive asset classes, and if anything have reduced them a little relative to other classes to try and achieve a bit higher return. At the same time I haven't been buying much, though, waiting to see what pans out. Aside from that mainly just collecting dividends and keeping an eye on things - having had a small reminder of the dangers of becoming complacent
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rubl
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Post by rubl on Feb 16, 2018 21:44:39 GMT 7
^^| I assume you're not babbling in crypto currencies or crypto currency startups ? "Cryptocurrency startup LoopX pulls exit scam after raising $4.5M in ICO Another day, another exit scam: an emerging cryptocurrency startup more commonly known as LoopX has suddenly vanished out of thin air along with millions worth of its investors’ savings." thenextweb.com/hardfork/2018/02/12/cryptocurrency-loopx-scam-ico/
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chiangmai
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Post by chiangmai on Feb 17, 2018 6:38:41 GMT 7
Looking at the numbers this morning it seems as though the current fall/correction/crash might just be the gift that keeps on giving. I hope we don't need to change the title of this thread to, "how did you fare in the February/March correction"! Quite a few markets technically hit the 10% "correction" point since we started the thread, but in the last few days looks like markets have been bouncing back and recovering a fair bit of the drop. So for now looks like a temporary blip and just one of those things. I heard a comment on Bloomberg the other day, that there'd previously been a whole generation of traders who'd never experienced rising interest rates until the last year or so. And now there's a whole generation of traders who've never really experienced much in the way of volatility, who are now starting to To be honest, I see it all as a positive sign that markets are getting more back to normal/ they used to be before the central bankers around the world had to step in with drastic measures. To an extent they made a decade of somewhat artificial markets. No we seem to be heading back to the "real" world You're a natural optimist I can tell, just as well really because it helps balance my glass is half empty thinking when it comes to economics! I used to read Jeremy Warner a lot because he is a very good writer and a sound economist, but he is so pessimistic about everything, I understand most of his readership launched themselves off Beachy Head.
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Post by rgs2001uk on Feb 17, 2018 21:40:26 GMT 7
After the already mentioned sales of a few weeks back, I find myself with 50k+ sat in a stockbroker account in the UK, have decided, get him to tx the money to my bank account and I will have the money txd to Thailand, the path of least resistance, the middle path, . PS CM still havent made the trip to the CBD to speak with Aberdeen or UOB, maybe next month, .
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chiangmai
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Post by chiangmai on Feb 18, 2018 5:11:58 GMT 7
After the already mentioned sales of a few weeks back, I find myself with 50k+ sat in a stockbroker account in the UK, have decided, get him to tx the money to my bank account and I will have the money txd to Thailand, the path of least resistance, the middle path, . PS CM still havent made the trip to the CBD to speak with Aberdeen or UOB, maybe next month, . If and when you do talk to UOBAM, look into CG-RMF, it's a retirement product.
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chiangmai
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Post by chiangmai on Feb 19, 2018 13:34:57 GMT 7
I'm thinking very seriously of spending some of my cash, even though some 80% of investors are holding fire (according to Bloomberg today).
One of my portfolio's is very light in Europe so I think Jupiter European would be a good fit there bringing me up to 13% in Europe. I'm then thinking of increasing my holdings in Fidelity Asia up to 13% also.
An alternative to the above is to throw a large party and then go skiing in Japan. But since I don't drink and I can't ski, further investment looks like the way to go!
I've also nailed down precisely my platform fees which totals 1.17% overall, that includes unadvised purchase commissions hence it should reduce once contents of the portfolios stabilise. In truth the platform element is only 0.65% overall with the difference being the amount that would have been paid to an IFA but since I don't have one, is diverted to the platform provider.
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rubl
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Post by rubl on Feb 19, 2018 13:57:30 GMT 7
^^| I'm thinking of an IPO for a wonderful product I may call "me2coin' or 'this3coin', 'here4coin'. I think those will be multi-million earning ventures (for me at least )
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Post by rgs2001uk on Feb 20, 2018 22:03:50 GMT 7
I'm thinking very seriously of spending some of my cash, even though some 80% of investors are holding fire (according to Bloomberg today). One of my portfolio's is very light in Europe so I think Jupiter European would be a good fit there bringing me up to 13% in Europe. I'm then thinking of increasing my holdings in Fidelity Asia up to 13% also. An alternative to the above is to throw a large party and then go skiing in Japan. But since I don't drink and I can't ski, further investment looks like the way to go! I've also nailed down precisely my platform fees which totals 1.17% overall, that includes unadvised purchase commissions hence it should reduce once contents of the portfolios stabilise. In truth the platform element is only 0.65% overall with the difference being the amount that would have been paid to an IFA but since I don't have one, is diverted to the platform provider. Go for it. This probably deserves a thread of its own, never mind. How much would you pay to recapture your long lost youth? Last car I had in the UK was a Cavalier SRi , due back to PommiesVille later this year, checked out car hire prices. I can buy a fully restored E reg 1987 130 bhp SRi, 5000 pommie pesos, MOTd and taxed, what would 200,000 baht buy me here, nothing. I am actually thinking about buying it, running around in it for a month, then handing the keys to my brother after he drops us off at the airport, keep it. Last car I had before coming here, a Jeep Cherokee, I sold for 60,000 baht, yes I shoit you not, would have been hammered on import taxes, to be honest, glad to be shot of it,it was a POS, the electrics were crap, forever changing solenoids just to get the windows to work.
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chiangmai
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Post by chiangmai on Feb 21, 2018 2:56:24 GMT 7
I'm thinking very seriously of spending some of my cash, even though some 80% of investors are holding fire (according to Bloomberg today). One of my portfolio's is very light in Europe so I think Jupiter European would be a good fit there bringing me up to 13% in Europe. I'm then thinking of increasing my holdings in Fidelity Asia up to 13% also. An alternative to the above is to throw a large party and then go skiing in Japan. But since I don't drink and I can't ski, further investment looks like the way to go! I've also nailed down precisely my platform fees which totals 1.17% overall, that includes unadvised purchase commissions hence it should reduce once contents of the portfolios stabilise. In truth the platform element is only 0.65% overall with the difference being the amount that would have been paid to an IFA but since I don't have one, is diverted to the platform provider. Go for it. This probably deserves a thread of its own, never mind. How much would you pay to recapture your long lost youth? Last car I had in the UK was a Cavalier SRi , due back to PommiesVille later this year, checked out car hire prices. I can buy a fully restored E reg 1987 130 bhp SRi, 5000 pommie pesos, MOTd and taxed, what would 200,000 baht buy me here, nothing. I am actually thinking about buying it, running around in it for a month, then handing the keys to my brother after he drops us off at the airport, keep it. Last car I had before coming here, a Jeep Cherokee, I sold for 60,000 baht, yes I shoit you not, would have been hammered on import taxes, to be honest, glad to be shot of it,it was a POS, the electrics were crap, forever changing solenoids just to get the windows to work. When you rent a car in the UK, buy an annual car insurance excess policy beforehand, it costs about 48 quid a year. That way you decline all the insurance offered at the rental agency and renting becomes very cheap. I've done that for several years and I've claimed off the policy once, it all went very smoothly.
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Post by rgs2001uk on Feb 21, 2018 21:42:52 GMT 7
^^^^ thanks for the tip.
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AyG
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Post by AyG on Feb 22, 2018 8:57:36 GMT 7
One of my portfolio's is very light in Europe so I think Jupiter European would be a good fit there bringing me up to 13% in Europe. I'm then thinking of increasing my holdings in Fidelity Asia up to 13% also. On Europe, you may find the following interesting: www.trustnet.com/news/793572/the-most-consistent-funds-of-the-decade-ia-europe-ex-ukOn the Fidelity fund (Morningstar): "14 Feb, 2018 | Following the appointment of Bart Grenier as its global head of asset management in January, Fidelity International Limited (FIL) has announced further changes among its senior management team in the past couple of days" You also need to ask yourself whether you think it's prudent to be invested 7.53% in Tencent, and 5.06% in Alibaba. And is 31.7% China (with a further 17.3% in Hong Kong and 15% in Taiwan) really what you're looking for?
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chiangmai
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Post by chiangmai on Feb 22, 2018 13:09:33 GMT 7
One of my portfolio's is very light in Europe so I think Jupiter European would be a good fit there bringing me up to 13% in Europe. I'm then thinking of increasing my holdings in Fidelity Asia up to 13% also. On Europe, you may find the following interesting: www.trustnet.com/news/793572/the-most-consistent-funds-of-the-decade-ia-europe-ex-ukOn the Fidelity fund (Morningstar): "14 Feb, 2018 | Following the appointment of Bart Grenier as its global head of asset management in January, Fidelity International Limited (FIL) has announced further changes among its senior management team in the past couple of days" You also need to ask yourself whether you think it's prudent to be invested 7.53% in Tencent, and 5.06% in Alibaba. And is 31.7% China (with a further 17.3% in Hong Kong and 15% in Taiwan) really what you're looking for? I regard China as including Hong Kong and Taiwan in this respect plus I'm considering 13% of the equities in a single portfolio, rather than overall, actually a very small sum. I haven't read the Fidelity link yet, but I will....thankyou.
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chiangmai
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Post by chiangmai on Feb 22, 2018 17:34:08 GMT 7
OK, I've done my reading.
One of my two portfolio's contains equities that are 4% China, 2% Hong Kong and 2% Taiwan, I have grouped those under the heading of "China" and I'm keen to increase that allocation by a few percent, after all, China is the second largest economy and despite being seen as an emerging market I believe it has massive potential in the short and medium term. Using Fidelity Asia as the vehicle for that increase also allows me to increase my holdings in other areas of Asia, developed and emerging, such as Korea, Singapore and India, along with other unspecified emerging markets. Whether or not Fidelity Asia is the right vehicle is somewhat subjective I suppose, I've held the fund for several months and have been very pleased with the performance thus far. As
Do I really want to hold 7.53% in Tencent and 5.06% in Alibaba: I'm not sure if that's a company-specific question or whether it has to do with the percentages or both, in either case my feelings are that 7.53% is not a massive figure in my world and it is after all the job of the Fund Manager to determine such things, he has an excellent academic background and his performance as an alpha rated manager is also excellent. Are there better safer funds to acquire, probably, dunno, but Fidelity seems like a better than reasonable choice at present.
I couldn't find the same Fidelity news article you quoted but I did see others that discussed changes at the top but it didn't trigger any red flags.
Europe: Yes I have seen that listing. I currently hold Baillie Gifford Europe in one portfolio and have gone backwards and forwards on the comparison with Jupiter Europe several times, my reading is that it's a good fund to hold for say 5% or 7% of a single portfolio's equities, I can't see any reason not to.
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chiangmai
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Post by chiangmai on Feb 24, 2018 9:27:48 GMT 7
I've been doing some more digging regarding Fidelity Asia and it seems their OCF has increased to a whopping 1.71% which could well be a deal breaker for me. In looking for possible alternatives it seems common for many funds to hold around 7% of Tencent - I shall keep digging.
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