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Post by rgs2001uk on Nov 6, 2020 20:58:10 GMT 7
Flying under the radar. From my portfolio, here is mine, one of my smallest holdings, which may explain why it is overlooked at times. www.trustnet.com/factsheets/o/krmd/artemis-us-smaller-companieswww.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/a/artemis-us-smaller-companies-class-i-accumulation/charts The above is not a recommendation to buy, only an observation. Sure, it was a stockbroker recommendation along with Polar And Worldwide Healhcare, but it hasnt dissapointed, and may well be added to next year. What do you hold that may have slipped under our radar but needs further investing/investigation? |
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AyG
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Post by AyG on Nov 6, 2020 21:04:25 GMT 7
I hold it. Part of my strategy of in any sector holding 2/3 large caps, 1/3 small caps.
Just looked at the top 10 holdings, though, and am a bit perplexed. Don't recognise many of the names.
1 POOL CORP 5.07
2 FORTUNE BRANDS HOME & SECURITY INC 3.48
3 BOOZ ALLEN HAMILTON HLDG CORP 3.47
4 YAMANA GOLD INC 3.30
5 TERMINIX GLOBAL HLDGS INC 3.09
6 LPL FINANCIAL HLDGS INC 2.80
7 BIO RAD LABORATORIES INC 2.48
8 NEXTERA ENERGY PARTNERS LP 2.32
9 KORNIT DIGITAL LTD 2.23
10 CLEAN HARBORS INC 2.21
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GavinK
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Post by GavinK on Jan 12, 2021 12:35:11 GMT 7
I hold it. Part of my strategy of in any sector holding 2/3 large caps, 1/3 small caps. Do you mind sharing what others you hold with this strategy ? |
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AyG
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Post by AyG on Jan 12, 2021 13:22:48 GMT 7
My 2/3, 1/3 holdings (2/3 first):
Krung Thai Smart Equity, TISCO Strategic A
Lazard Global Active Funds Global Infrastructure Equity, EGL
FGT, IIT
Dodge & Cox Worldwide U S Stock, Artemis Fund Managers Us Smaller Companies
Baillie Gifford Japanese Fund, Lindsell Train Limited Japanese Equity
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chiangmai
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Post by chiangmai on Jan 12, 2021 15:50:00 GMT 7
My 2/3, 1/3 holdings (2/3 first): Krung Thai Smart Equity, TISCO Strategic A Lazard Global Active Funds Global Infrastructure Equity, EGL FGT, IIT Dodge & Cox Worldwide U S Stock, Artemis Fund Managers Us Smaller Companies Baillie Gifford Japanese Fund, Lindsell Train Limited Japanese Equity Lazard Global Active Funds Global Infrastructure Equity....down 10% over the past 12 months! Krung Thai Smart Equity....total return 5% over 5 years! TISCO Strategic A.....total return 16% over 5 years Am I missing something here? |
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Post by rgs2001uk on Jan 13, 2021 20:15:48 GMT 7
My 2/3, 1/3 holdings (2/3 first): Krung Thai Smart Equity, TISCO Strategic A Lazard Global Active Funds Global Infrastructure Equity, EGL FGT, IIT Dodge & Cox Worldwide U S Stock, Artemis Fund Managers Us Smaller Companies Baillie Gifford Japanese Fund, Lindsell Train Limited Japanese Equity Lazard Global Active Funds Global Infrastructure Equity....down 10% over the past 12 months! Krung Thai Smart Equity....total return 5% over 5 years! TISCO Strategic A.....total return 16% over 5 years Am I missing something here?As has been mentioned before, not all markets, stocks will behave the same way at the same time. Some look for capital growth,others for regular income in the form of divis. I havent looked at the mentioned funds so I am in no position to comment. Some have had poor advice or made poor choices, I am not saying thats what happened in this case, but I have no doubt some would take one look at my portfolio and question some of my choices. Heres a prime example, www.hl.co.uk/shares/shares-search-results/b/brunner-investment-trust-ord-25p-shareDown 5% in the last year, I view it as nothing more than a bank account that pays me 2+% per year, I wont be adding to it, if I ever needed quick cash it would be sold in a heartbeat, from memory its about 3% of my portfolio, and in due course it will be sold and reinvested elsewhere. As has also been mentioned on here, horses for courses, all our needs differ. we are all at different levels on the learning curve or tolerance to risk. Heres an example thats not uncommon here in Thailand, Pat the postman in his late 50s takes early redunancy, cash payout and early pension at a reduced rate, he knows he will never work again, and may well have another 30 years ahead of him. His pension is lets say 18k per year,after selling his dear old moms ex council house that he inherited, selling his beloved car and adding his redunancy pay off he now has about 300k cash, he invests the money for regualr income, lets say about 4% in the form of divis, to give him 12k per year in income, that coupled to his pension now gives him 30k per year, in our terms, 1.2 million baht, or 100k baht per month. He may not be the sharpest tool in the box, but he knows he is in the last chance saloon and if he effs this up he is effed, hence why some will take whats been mentioned above. PS, Pattaya is full of Pat the postman types who were lucky enough to be able to walk away from the shambles and trainwreck of a life they had upcountry. |
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GavinK
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Post by GavinK on Jan 15, 2021 18:22:26 GMT 7
Would be interested to see ideas for a THB based portfolio that would generate a modest 5k (say THB 200,000) in annual dividends. Using allowances and perhaps allocating some to the other half, that would be tax free (tax refundable) income, assuming no other taxable income here. Anyone with suggestions on how that portfoilo could be constructed ? Thanks.
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Post by rgs2001uk on Jan 16, 2021 20:02:38 GMT 7
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chiangmai
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Post by chiangmai on Jan 17, 2021 6:06:48 GMT 7
I couldn't agree more. My SET holdings are still down 15% but far better than the -45% at one point, when the virus struck the SET went into freefall.
The Thai Airways bankruptcy ruling didn't help, the fund got back the original share price as at 1990 and had to forgo all the increases in value since.
After I recoup my losses I shall cash in and put the money into Thai/Asian funds invested offshore, FSSA Asia Focus is OK, I also like SIO although AyG's gone cold on it. I shalln't invest in a single country again, it's far better to to spread the risk across several countries.
And there's a possibility that Thailand could have a currency issue before long, BOT is now talking in terms of a GDP correction of -4%.
The main reasons for THB strength are, a positive current account balance, this results from a trade surplus and/or inward FDI. The latter has dried up and the former could easily dry be eroded as exports fall (and tourism is an export). And then there's the debt side of the picture, the debt to GDP ratio was circa 48% which was brilliant, now it's pushing 60% which is a legislative ceiling of some sort. Recent news of further stimulus (USD 1.6 bill.) is going to compound the problem and make the Thai economy balance sheet look markedly less attractive.
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GavinK
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Post by GavinK on Jan 18, 2021 13:04:31 GMT 7
Thanks although I was thinking of dividend paying funds rather that single company shocks/scares. I do hold TMB-PIPF (or water it is called now) and TMB-GINCOME, the former pays divs and the later self-redeems. Both bought following recommendations on here. Could add to both as I sell off some LTFs as the prices come back, but wondered what other recommendations there are here. Selling THB to USD as the baht strengthens and investing outside TH is also on my mind.
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AyG
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Post by AyG on Jan 18, 2021 13:38:16 GMT 7
Selling THB to USD as the baht strengthens and investing outside TH is also on my mind. I can't remember your personal circumstances. However, the great thing about having funds invested in Thailand if your expenditure is in THB is that there is no foreign exchange risk*. I think we often forget that an FX swing of 30% in a year between a currency pair is a very common event, and that's far larger in impact than a possible 30% gain in stock value. * Apart from that, there's very little to recommend Thai funds. The charges are high. The fund management is mediocre. The market itself is deeply corrupt flawed. There's also a sad lack of available products. Asset management houses would rather duplicate something their competitors are doing than innovate. At a personal level, I really would like to buy something like an equal-weighted SET50 fund or, even better, and ESG SET50 fund which does not invest in PTT and its related companies. (I am very negative about the longer term outlook for the petrochemical industry.) Nothing like it is available. |
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Post by rgs2001uk on Jan 18, 2021 19:53:04 GMT 7
Thanks although I was thinking of dividend paying funds rather that single company shocks/scares. I do hold TMB-PIPF (or water it is called now) and TMB-GINCOME, the former pays divs and the later self-redeems. Both bought following recommendations on here. Could add to both as I sell off some LTFs as the prices come back, but wondered what other recommendations there are here. Selling THB to USD as the baht strengthens and investing outside TH is also on my mind.Good man, go for it, use it to your advantage. |
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Post by rgs2001uk on Jan 18, 2021 19:55:53 GMT 7
Thanks although I was thinking of dividend paying funds rather that single company shocks/scares. I do hold TMB-PIPF (or water it is called now) and TMB-GINCOME, the former pays divs and the later self-redeems. Both bought following recommendations on here. Could add to both as I sell off some LTFs as the prices come back, but wondered what other recommendations there are here. Selling THB to USD as the baht strengthens and investing outside TH is also on my mind. Shifting sands, what was relevant then is no longer relevant now. Horses for courses, whats relevant for a retired expat in thailand isnt the same as whats relevant for a young professional expat with his whole working life ahead of him. |
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Post by rgs2001uk on Jan 18, 2021 20:34:32 GMT 7
Selling THB to USD as the baht strengthens and investing outside TH is also on my mind. I can't remember your personal circumstances. However, the great thing about having funds invested in Thailand if your expenditure is in THB is that there is no foreign exchange risk*. I think we often forget that an FX swing of 30% in a year between a currency pair is a very common event, and that's far larger in impact than a possible 30% gain in stock value. * Apart from that, there's very little to recommend Thai funds. The charges are high. The fund management is mediocre. The market itself is deeply corrupt flawed. There's also a sad lack of available products. Asset management houses would rather duplicate something their competitors are doing than innovate. At a personal level, I really would like to buy something like an equal-weighted SET50 fund or, even better, and ESG SET50 fund which does not invest in PTT and its related companies. (I am very negative about the longer term outlook for the petrochemical industry.) Nothing like it is available. You kill me at times AyG, got to love the brutal honesty, please do me a favour and never change. I remember years ago a long time expat telling me, "there will come a time when you will hate everything you once loved about this country" His words are still echoing in my ears. |
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