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FYI.
Sept 24, 2020 21:29:48 GMT 7
Post by rgs2001uk on Sept 24, 2020 21:29:48 GMT 7
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AyG
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Sept 25, 2020 7:23:18 GMT 7
Post by AyG on Sept 25, 2020 7:23:18 GMT 7
More of an anti-recommendation really. It should be headed "these are the funds that people who can't think for themselves are buying". It's a case of chasing recent performance (not a predictor of future performance), and following media puffery.
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chiangmai
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Sept 25, 2020 10:35:55 GMT 7
Post by chiangmai on Sept 25, 2020 10:35:55 GMT 7
More of an anti-recommendation really. It should be headed "these are the funds that people who can't think for themselves are buying". It's a case of chasing recent performance (not a predictor of future performance), and following media puffery. You're such twat sometimes AyG, as if everyone has your training knowledge and abilities when it comes to investment fund analysis and selection.
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AyG
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Post by AyG on Sept 25, 2020 11:50:34 GMT 7
More of an anti-recommendation really. It should be headed "these are the funds that people who can't think for themselves are buying". It's a case of chasing recent performance (not a predictor of future performance), and following media puffery. You're such twat sometimes AyG, as if everyone has your training knowledge and abilities when it comes to investment fund analysis and selection. Charming. However, it's really basic stuff that one doesn't buy into the latest trend for a number of reasons. And it's scary that so many individual investors don't even have that most basic level of knowledge. One would think that they haven't ever read a book about investing, yet if they were going to buy, say a new car, they'd almost certainly put in far more research. A friend of mine, whose investments I'd managed for many years decided, now he's retired, to do it himself. He's making pretty much every mistake in the book, from investing heavily in technology, healthcare and gold to, in other areas, simply picking the fund that has performed best over the past few years. He also sold all the downside protection I'd put in place for him. He's not stupid (he was a consultant and head of department at a very famous hospital), but he is a typical clueless investor. He's going to have a very expensive lesson to learn. Slow and steady wins the race.
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chiangmai
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Post by chiangmai on Sept 25, 2020 14:43:12 GMT 7
It's basic stuff for you but not for most other people who do not have experience of investing. If the population adhered to those same principles when it comes to high street shops, nobody should ever shop at Waitrose or M & S ever again! People with no experience of investing follow the majority and believe what is written in the media, both of which have the edge on blindly sticking a pin in a list of candidate funds.
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oldie
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Sept 25, 2020 16:23:51 GMT 7
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Post by oldie on Sept 25, 2020 16:23:51 GMT 7
Even the simple stuff goes way over my head.
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FYI.
Sept 25, 2020 20:42:03 GMT 7
Post by rgs2001uk on Sept 25, 2020 20:42:03 GMT 7
It's basic stuff for you but not for most other people who do not have experience of investing. If the population adhered to those same principles when it comes to high street shops, nobody should ever shop at Waitrose or M & S ever again! People with no experience of investing follow the majority and believe what is written in the media, both of which have the edge on blindly sticking a pin in a list of candidate funds. I am not going to disagree with you, however the first question to ask is, why am I investing? Your average Joe in the uk is conditioned to buy a house, pay off his mortgage and invest in the company pension plan, most live pay cheque to pay cheque, and never invest in the stock market. There is no one size fits all template, we all invest for differing reasons, be it, capital growth, regular income or wealth protection. We all have to find our own personal jesus, in my case Baillie Gifford. Never mind the ins and outs of the stock market and how it works, the first question to ask is, what do i want. Eg, The young Turk aged late 20s early 30s just sent on his first overseas posting as part of the fast track career scheme has differing needs from a retired 60+ year old expat, even thought both of them are into ITs. I remember the days when up to date news was a 3 month old copy of what investment trust, the motherlode was a 3 day old copy of the daily telegraph. We now live in a digital age with information overload, every man and his dog are trying to sell us something, its time to get back to basics. For me personally, I ask myself, what difference does it make to my mrs if she only picks up 150k baht per month as oppossed to 200k per month, the way she lives, she would be hard pressed to spend 20k baht per month. I know a fellow expat with an income of 80k quid per year, now retired, he doesnt enjoy himself,he seems to spend all day looking at computer screens, not something I envisage for myself when i get to his age, not exactly what i call living the dream.
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oldie
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Sept 25, 2020 20:49:39 GMT 7
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Post by oldie on Sept 25, 2020 20:49:39 GMT 7
What would you recommend for a dumb ass who wants to give his kids an early leg up?
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FYI.
Sept 25, 2020 21:17:20 GMT 7
Post by rgs2001uk on Sept 25, 2020 21:17:20 GMT 7
What would you recommend for a dumb ass who wants to give his kids an early leg up? A proper education, no woke unis or woke degrees, coupled with a work ethic and not some little emperor spoilt brat attitude, no little somboon your are not the centre of the universe, the world doesnt revolve round you,in the grand scheme of things you are nothing more than a speck of sand on the beach. Personally, I recommend hammering the protestant work ethic into the little effers, same as I see here with the chinese, muslims and indians. All their shops and busineses seem to be doing well, little somchai shop, where the husband is too busy watching chicken fighting on the telly to help, or the lump is too busy playing computer games to help his mother as the customers are lined up out the door, typical thai style, nothing is said, the customers walk with their feet, and the fat woman wonders why she isnt getting any trade.
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oldie
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Sept 25, 2020 21:23:18 GMT 7
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Post by oldie on Sept 25, 2020 21:23:18 GMT 7
What would you recommend for a dumb ass who wants to give his kids an early leg up? A proper education, no woke unis or woke degrees, coupled with a work ethic and not some little emperor spoilt brat attitude, no little somboon your are not the centre of the universe, the world doesnt revolve round you,in the grand scheme of things you are nothing more than a speck of sand on the beach. Personally, I recommend hammering the protestant work ethic into the little effers, same as I see here with the chinese, muslims and indians. All their shops and busineses seem to be doing well, little somchai shop, where the husband is too busy watching chicken fighting on the telly to help, or the lump is too busy playing computer games to help his mother as the customers are lined up out the door, typical thai style, nothing is said, the customers walk with their feet, and the fat woman wonders why she isnt getting any trade. Yeah that part is pretty well looked after. I'm thinking more along the lines of where to put their tooth fairy money.
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oldie
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Sept 25, 2020 21:29:17 GMT 7
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Post by oldie on Sept 25, 2020 21:29:17 GMT 7
It seems to me the concept of parking your money someplace where it doubles every 5 years stopped about 30 years ago. I could be wrong.
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FYI.
Sept 25, 2020 21:31:09 GMT 7
Post by rgs2001uk on Sept 25, 2020 21:31:09 GMT 7
It seems to me the concept of parking your money someplace where it doubles every 5 years stopped about 30 years ago. I could be wrong. , I remember getting into it with some idiot on another forum who was telling me property increases by 100% every ten years, .
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oldie
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Sept 25, 2020 21:34:13 GMT 7
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Post by oldie on Sept 25, 2020 21:34:13 GMT 7
It seems to me the concept of parking your money someplace where it doubles every 5 years stopped about 30 years ago. I could be wrong. , I remember getting into it with some idiot on another forum who was telling me property increases by 100% every ten years, . I know eff all about money, but I do know those days are past. I was too stupid to jump on the gravy train 40 years ago.
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FYI.
Sept 25, 2020 21:40:38 GMT 7
Post by rgs2001uk on Sept 25, 2020 21:40:38 GMT 7
You're such twat sometimes AyG, as if everyone has your training knowledge and abilities when it comes to investment fund analysis and selection. Charming. However, it's really basic stuff that one doesn't buy into the latest trend for a number of reasons. And it's scary that so many individual investors don't even have that most basic level of knowledge. One would think that they haven't ever read a book about investing, yet if they were going to buy, say a new car, they'd almost certainly put in far more research. A friend of mine, whose investments I'd managed for many years decided, now he's retired, to do it himself. He's making pretty much every mistake in the book, from investing heavily in technology, healthcare and gold to, in other areas, simply picking the fund that has performed best over the past few years. He also sold all the downside protection I'd put in place for him. He's not stupid (he was a consultant and head of department at a very famous hospital), but he is a typical clueless investor. He's going to have a very expensive lesson to learn. Slow and steady wins the race. Guilty as charged, too be honest, its only thanks to the stellar performance of about 4 or 5 of my ITs that I am up on last year, the others have been diabolical. As for investing in tech stocks, healthcare etc, I thank my relationship manager, stock broker for introducing me to the likes of Polar 5 years ago, yes I am the first to admit I took a gamble, dont we all? Build up a relationship with your RM, they understand your needs and know your wants, yes you will pay a bit extra for it, at the end of the day, whats a few hundred quid per year.
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chiangmai
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Sept 26, 2020 18:31:37 GMT 7
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Post by chiangmai on Sept 26, 2020 18:31:37 GMT 7
I'm struggling to think what the best advice is that can be given to Olde, perhaps others can comment?
Oldie asks a legitimate question earlier, what/how to invest in to give the kids a leg up.
According to those with knowledge of these things, investing in popular, well known and well-regarded funds, ones that have made decent returns and have good track records over the past few years.... is the wrong answer.
Trying to understand the subject matter and go the DIY route is often very difficult, if not impossible. Perhaps with the benefit of substantial work related experience, education and training in the subject and a reduction in age of say thirty years it might be dooable.
Sticking a pin into a list of funds is problematic plus it's tough on the table top, crystal balls and tea leaves might work as might paid for advice from a financial advisor.
Have I missed anything?
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