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Tesla
Mar 9, 2021 21:54:56 GMT 7
Post by rgs2001uk on Mar 9, 2021 21:54:56 GMT 7
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chiangmai
Crazy Mango Extraordinaire
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Tesla
Mar 10, 2021 3:58:01 GMT 7
Post by chiangmai on Mar 10, 2021 3:58:01 GMT 7
LT Global - With 75% of the fund split between Consumer Discretionary and Consumer Staples, what's not to like, there's nothing speculative about that in these troubled times.
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chiangmai
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Tesla
Mar 10, 2021 4:02:46 GMT 7
Post by chiangmai on Mar 10, 2021 4:02:46 GMT 7
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GavinK
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Tesla
Mar 10, 2021 10:52:55 GMT 7
Post by GavinK on Mar 10, 2021 10:52:55 GMT 7
MNKS is on my watchlist, now 2.12% premium vs 2.86% average. Maybe time to buy... MidWyn premium is now at 3.5%..vs average 2.65%. Would like to add but isn't that premium a bit high ? EWI -4.15% discount ???
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AyG
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Post by AyG on Mar 10, 2021 11:49:54 GMT 7
^^^
(1) Personally I don't bother too much about premium unless it's more than about 4%. I buy for the long term, so looking at a 5 year time horizon, if the premium goes to zero, that's only 0.8%/year drag on performance. (Discount control is a good thing for investment trusts in my opinion.) Of course, premiums can go negative. One has to hope that doesn't happen.
(2) If you're not happy with the premium, look to invest in open ended funds which run similar strategies.
(3) EWI invests in a lot of overpriced stuff that's being rerated. It's largest holding is (massively expensive) Tesla. This probably accounts for the discount. Of course, if you believe Tesla and other companies of that ilk have share prices that are going to soar, you're probably misguided it's a good time to buy in.
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chiangmai
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Tesla
Mar 10, 2021 16:32:54 GMT 7
Post by chiangmai on Mar 10, 2021 16:32:54 GMT 7
I personally wouldn't buy Tesla but that's only because I don't buy single company funds, that doesn't mean to say I won't buy funds that contain Tesla holdings because I will. I also think that Tesla value will continue to soar still I won't buy into the company for the reason already stated.
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Tesla
Mar 10, 2021 21:13:03 GMT 7
Post by rgs2001uk on Mar 10, 2021 21:13:03 GMT 7
LT Global - With 75% of the fund split between Consumer Discretionary and Consumer Staples, what's not to like, there's nothing speculative about that in these troubled times. I believe Fletch was into this lot, nothing wrong with them per se, plodders, wont get rich overnight or lose yer ass overnight. Defensive, not thats theres anything wrong with that, horses for courses.
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Tesla
Mar 10, 2021 21:16:19 GMT 7
Post by rgs2001uk on Mar 10, 2021 21:16:19 GMT 7
MNKS is on my watchlist, now 2.12% premium vs 2.86% average. Maybe time to buy... MidWyn premium is now at 3.5%..vs average 2.65%. Would like to add but isn't that premium a bit high ? EWI -4.15% discount ??? I belong to the KISS it school of thought, keep it simple stupid, its easy in this internet age to over analyise and be led astray, prem or discount, as has been pointed out before, there are many, myself included willing to pay a premium for better returns, AyG sums it up nicely for me. Signed, misguided.
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AyG
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Tesla
Mar 13, 2021 8:14:45 GMT 7
Post by AyG on Mar 13, 2021 8:14:45 GMT 7
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chiangmai
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Tesla
Mar 13, 2021 8:27:57 GMT 7
Post by chiangmai on Mar 13, 2021 8:27:57 GMT 7
The investor must be a loon if he didn't understand the price was unnaturally high, that said, he does have a point and Musk shouldn't have stated the obvious.......sounds like an opportunistic suit to me, one that will almost certainly get thrown out, or should be at least.
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AyG
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Tesla
Mar 13, 2021 10:36:36 GMT 7
Post by AyG on Mar 13, 2021 10:36:36 GMT 7
The investor must be a loon if he didn't understand the price was unnaturally high, that said, he does have a point and Musk shouldn't have stated the obvious.......sounds like an opportunistic suit to me, one that will almost certainly get thrown out, or should be at least. From the investor's point of view, it didn't matter that the price was unnaturally high. What mattered is that it could have gone even higher. Musk, however, perhaps triggered its fall. However, the lawsuit is about how Musk was banned by the SEC from manipulating the market by his pronouncements, following his tweeting that he was going to take Tesla private. He's clearly broken that ban.
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chiangmai
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Tesla
Mar 13, 2021 11:08:32 GMT 7
Post by chiangmai on Mar 13, 2021 11:08:32 GMT 7
The investor must be a loon if he didn't understand the price was unnaturally high, that said, he does have a point and Musk shouldn't have stated the obvious.......sounds like an opportunistic suit to me, one that will almost certainly get thrown out, or should be at least. From the investor's point of view, it didn't matter that the price was unnaturally high. What mattered is that it could have gone even higher. Musk, however, perhaps triggered its fall. However, the lawsuit is about how Musk was banned by the SEC from manipulating the market by his pronouncements, following his tweeting that he was going to take Tesla private. He's clearly broken that ban. Yes he has broken the ban but only one person chose to raise a complaint, everyone else understood the score, it's not as though it's a class action suit. I maintain it's still opportunistic on the part of the person who filed the suit, I hope he gets off.
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AyG
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Tesla
Mar 13, 2021 11:26:37 GMT 7
Post by AyG on Mar 13, 2021 11:26:37 GMT 7
Yes he has broken the ban but only one person chose to raise a complaint, everyone else understood the score, it's not as though it's a class action suit. I maintain it's still opportunistic on the part of the person who filed the suit, I hope he gets off. (1) You would need to be very wealthy to take such action. That's probably why he's the only person to raise a complaint (so far). (2) Opportunistic, or a matter of principle? (3) Why would you hope Musk gets off when he's clearly acted in contravention of the SEC ruling? In my opinion he should be stripped of all public-facing positions and fined heavily for market manipulation. Clearly Musk is a serial offender. I hope that the SEC takes notice and takes action.
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chiangmai
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Tesla
Mar 13, 2021 11:58:43 GMT 7
Post by chiangmai on Mar 13, 2021 11:58:43 GMT 7
Yes he has broken the ban but only one person chose to raise a complaint, everyone else understood the score, it's not as though it's a class action suit. I maintain it's still opportunistic on the part of the person who filed the suit, I hope he gets off. (1) You would need to be very wealthy to take such action. That's probably why he's the only person to raise a complaint (so far). (2) Opportunistic, or a matter of principle? (3) Why would you hope Musk gets off when he's clearly acted in contravention of the SEC ruling? In my opinion he should be stripped of all public-facing positions and fined heavily for market manipulation. Clearly Musk is a serial offender. I hope that the SEC takes notice and takes action. So Musk is not even allowed to make a casual observation in public by saying the price is too high....that seems like an unreasonable constraint, especially since that tweet in isolation was hardly the cause of the drop in price. The world needs Mavericks like Musk, they get things done in part by breaking the stereotype mold. I also disagree that you need to be very wealthy to file a class action suit. A minimum of 20 complainants are needed, preferably three dozen, if the complaint is genuine there should be no problem getting that many people together....or will there!
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AyG
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Tesla
Mar 13, 2021 12:33:44 GMT 7
Post by AyG on Mar 13, 2021 12:33:44 GMT 7
So Musk is not even allowed to make a casual observation in public by saying the price is too high He is not. He is not a private citizen; he is the CEO of Tesla. He has a responsibility to his shareholders. By saying the price is too high he is betraying those shareholders. He is also breaking the law. Any statement he makes, even if it is a "casual observation" should be carefully vetted by lawyers first.
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