Search found 210 matches

by OhNoNotimAgain
May 31st, 2018, 9:50 am
Forum: Investment and Unit Trusts
Topic: Management fees and expenses (again...)
Replies: 10
Views: 705

Re: Management fees and expenses (again...)

The argument is much easier to understand if you examine the cash cost charged to a fund rather than expressed as a percentage. Future returns are unknown and unknowable so saying 2% cost for 10% return v 1% costs for 5% return is not a valid argument. All you can ever know about a fund is its cost ...
by OhNoNotimAgain
May 26th, 2018, 8:53 am
Forum: Investment Strategies
Topic: Why have these guys been consistently so lucky?
Replies: 89
Views: 2496

Re: Why have these guys been consistently so lucky?

Points to question on any article in the financial press 1) Is it pushing active funds, the ones that advertise most? 2) Does in suffer from survivorship bias? 3) Does it take into account the effect of QE over the last 9 years in rewarding risk and penalising defensive approaches. 4) Are those fund...
by OhNoNotimAgain
May 25th, 2018, 8:49 am
Forum: Investment and Unit Trusts
Topic: Which type of OEIC should I buy
Replies: 8
Views: 775

Re: Which type of OEIC should I buy

You might find this of interest in relation platform selection

https://henrytapper.com/2018/05/20/what ... ent-126494
by OhNoNotimAgain
May 24th, 2018, 11:59 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Severn Trent (SVT) - Full year results
Replies: 14
Views: 605

Re: Severn Trent (SVT) - Full year results

Don't confuse reliability with growth.

Utilities account for less than 0.5% of the >£ 1 billion of dividends now paid out by UK companies.

Mining companies make up over 6% but their history of distribution has been volatile.

Slow and steady is not always better than big but lumpy.
by OhNoNotimAgain
May 17th, 2018, 3:32 pm
Forum: High Yield Shares & Strategies - general
Topic: A serious portfolio question
Replies: 29
Views: 2732

Re: A serious portfolio question

Brokers do not lend stock, or at least they shouldn't, fund managers might. Interactive Brokers do, and I get paid part of the income they earn from lending my positions. 'Stock Yield Enhancement Program FAQs https://ibkr.info/node/1838/ Oh OK, you learn something new every day. I assume it is a US...
by OhNoNotimAgain
May 16th, 2018, 12:08 pm
Forum: High Yield Shares & Strategies - general
Topic: A serious portfolio question
Replies: 29
Views: 2732

Re: A serious portfolio question

and brokers charge you an inactivity fee. Anyone holding your shares for you incurs custodian costs and you have to pay that one way or another. Not sure which brokers you're talking about, but thought I should highlight that most brokers are earning income from stock-lending your long positions. B...
by OhNoNotimAgain
May 15th, 2018, 11:18 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Never Sell Shell
Replies: 45
Views: 3058

Re: Never Sell Shell

Institutional investors cannot have more than 10% of their portfolio in one stock so they are all underweight Shell. This is one of the few times PIs can get an edge over professional managers by going overweight stocks that they can't.
by OhNoNotimAgain
May 15th, 2018, 9:21 am
Forum: Passive Investing
Topic: Oil/Gas and the FTSE All share
Replies: 36
Views: 996

Re: Oil/Gas and the FTSE All share

Thinking about the OP, the only way for share prices to fall is through selling, or dividends being paid out. So if the market caps of the big oil companies are falling, then investors must be selling. The proceeds from these sales will be re-invested somewhere, and I expect mainly back into the st...
by OhNoNotimAgain
May 15th, 2018, 9:16 am
Forum: High Yield Shares & Strategies - general
Topic: A serious portfolio question
Replies: 29
Views: 2732

Re: A serious portfolio question

On that point I am thinking of setting aside £4k to start the pot off. work out how much it will cost you to reinvest dividends , it's not really worth buying individual shares unless you have a portfolio value of 100K or more,the transaction costs as a percentage of the portfolio is just too high....
by OhNoNotimAgain
May 14th, 2018, 4:25 pm
Forum: Passive Investing
Topic: Oil/Gas and the FTSE All share
Replies: 36
Views: 996

Re: Oil/Gas and the FTSE All share

Thinking about the OP, the only way for share prices to fall is through selling, or dividends being paid out. So if the market caps of the big oil companies are falling, then investors must be selling. The proceeds from these sales will be re-invested somewhere, and I expect mainly back into the st...
by OhNoNotimAgain
May 14th, 2018, 1:04 pm
Forum: Passive Investing
Topic: Oil/Gas and the FTSE All share
Replies: 36
Views: 996

Re: Oil/Gas and the FTSE All share

if Aramco succeeds in listing on the LSE it will dwarf every other company. If that comes to pass I am definitely going to get rid of my exposure to FTSE 100, if the Saudis don't want their oil any more why should I ? As far as I am aware the plan was only to list 5% of Aramco, so the market cap wo...
by OhNoNotimAgain
May 14th, 2018, 8:46 am
Forum: Passive Investing
Topic: Oil/Gas and the FTSE All share
Replies: 36
Views: 996

Re: Oil/Gas and the FTSE All share

Two things to bear in mind. The UN predicts the the global population will grow from 7 billion to 11 billion by 2100 but the number of children wil remain at 2 billion. In other works the population will age and it will want heat, transport and consumer goods, many made of plastic. Secondly, if Aram...
by OhNoNotimAgain
May 11th, 2018, 5:56 pm
Forum: Trading my way to a million
Topic: GoSeigen million challenge!
Replies: 40
Views: 6369

Re: GoSeigen million challenge!

GoSeigen wrote:
OhNoNotimAgain wrote:When has there been a property crash where banks did not get hit?


I don't know. When?

GS


Well done that boy.
by OhNoNotimAgain
May 11th, 2018, 2:36 pm
Forum: Trading my way to a million
Topic: GoSeigen million challenge!
Replies: 40
Views: 6369

Re: GoSeigen million challenge!

I agree it's possible. It would barely affect bank capital though. Mortgage debt is not linked to property values -- the property is merely collateral. Much of that collateral is already at better than 50% LTV anyway. When house price falls arrive, home owners themselves are going to take the hit t...
by OhNoNotimAgain
May 10th, 2018, 8:54 pm
Forum: Investment Strategies
Topic: How are we doing?
Replies: 55
Views: 2131

Re: How are we doing?

This is the sort of fear mongering that keeps investors away from equities and makes them cheap relative to other asset classes.

Short term volatility is what you have to endure to achive long term capital growth.
by OhNoNotimAgain
May 8th, 2018, 10:01 am
Forum: Passive Investing
Topic: Lyxor
Replies: 52
Views: 2056

Re: Lyxor

tjh290633 wrote:The point is that all other factors are seldom the same.

Theory and practice are very different.

TJH


Indeed, which is what Long Term Capital Management discovered.
by OhNoNotimAgain
May 2nd, 2018, 2:51 pm
Forum: Passive Investing
Topic: Lyxor
Replies: 52
Views: 2056

Re: Lyxor

I doubt the data is available but a time series of spreads during periods of market stress would be illuminataing.

Certainly, some intermediaries are not keen on ETFs because liquidity can evaporate just when it is needed.
by OhNoNotimAgain
May 2nd, 2018, 11:25 am
Forum: Passive Investing
Topic: Lyxor
Replies: 52
Views: 2056

Re: Lyxor

OEICs and ETFs have their pros and cons, but that is not the subject of this thread. The subject of this thread is an article comparing the pros and cons of lyxor ETFs to the ETfs of other providers,in my opinion differences in bid offer spreads are absolutely relevant. The thread is about costs of...
by OhNoNotimAgain
May 1st, 2018, 4:26 pm
Forum: Technical Analysis
Topic: Where Have all the Chartists Gone?
Replies: 46
Views: 2050

Re: Where Have all the Chartists Gone?

No one, other than you, is talking about dividend yield. That incorporates price wheres I am talking only about dividends. Since yield is the dividend expressed as a percentage of the price, it's the exact same thing, merely expressed differently. And there is no more evidence that returns correlat...
by OhNoNotimAgain
May 1st, 2018, 2:21 pm
Forum: Passive Investing
Topic: Lyxor
Replies: 52
Views: 2056

Re: Lyxor

As usual the cost of the spread is ignored when talking about ETFs.

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