Search found 125 matches

by LooseCannon101
November 4th, 2019, 9:13 pm
Forum: Investment Trusts and Unit Trusts
Topic: Which general IT to choose?
Replies: 52
Views: 3379

Re: Which general IT to choose?

I only hold F&C Investment Trust, starting around 20 years ago. The current director, Simon Fraser, said at the AGM a few years ago that its predominant characteristic is that it is 'One-Stop Shop'. I agree wholeheartedly. Looking under the bonnet you will find a highly diversified world equity ...
by LooseCannon101
October 16th, 2019, 10:19 pm
Forum: Investment Trusts and Unit Trusts
Topic: Woodford Equity Income Fund Suspends Trading
Replies: 221
Views: 20896

Re: Woodford Equity Income Fund Suspends Trading

St. James Place and Hargreaves Lansdowne also profited by encouraging their clients to put money into Woodford's funds. What due diligence was carried out? If none, should their opinion be trusted? Everyone seems to have won except the unsuspecting retail investor - fleeced by all these institutions.
by LooseCannon101
September 5th, 2019, 11:03 pm
Forum: Investment Trusts and Unit Trusts
Topic: Proportion of portfolio in Investment Trusts
Replies: 55
Views: 5053

Re: Proportion of portfolio in Investment Trusts

I have over 95% of my life savings in a highly diversified global investment trust - F&C. The rest is in cash. F&C has over 450 individual holdings and so is similar to a portfolio containing 10 trusts. I am 56 and had a relatively small amount invested in a former company but decided to sel...
by LooseCannon101
July 8th, 2019, 9:22 pm
Forum: How Do I Invest
Topic: are we headed to a Bitcoin bubble
Replies: 14
Views: 4003

Re: are we headed to a Bitcoin bubble

I believe Bitcoin and all the other crypto currencies will go to zero when the bubble bursts. By zero I mean nothing at all as the whole thing is a trendy fad with no regulations and no government backing. A UK bank account (up to £85k) is a much better store of value and won't vanish at the keystro...
by LooseCannon101
June 18th, 2019, 12:01 am
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 26
Views: 1966

Re: Popularity of Unit Trusts?

And other things that I like about UTs/OEICs, when compared to conventional ITs (I hold both):- The convenience of the automatic re-investment of dividends in a UT/OEIC at zero cost, rather than having to wait accumulating IT dividends until they make a further IT purchase economically sensible. IT...
by LooseCannon101
June 17th, 2019, 11:28 pm
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 26
Views: 1966

Re: Popularity of Unit Trusts?

I believe unit trusts to be more popular because of the ignorance of the general investing public who are preyed upon by unscrupulous sharks i.e. financial advisors and stockbrokers. There is simply more money to be made by selling these products which can then be churned each year under the pretenc...
by LooseCannon101
June 17th, 2019, 6:50 pm
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 26
Views: 1966

Popularity of Unit Trusts?

Why is it that unit trusts are more popular than investment trusts? As far as I can see, unit trusts are opaque, expensive and poorly governed - great for the fund manager, but bad for the investor. Why would a truly independent financial advisor or stock broker recommend such a fund when there are ...
by LooseCannon101
June 17th, 2019, 6:29 pm
Forum: Investment Strategies
Topic: What return are you targeting?
Replies: 91
Views: 9180

Re: What return are you targeting?

I look at total return, and so don't differentiate between capital gain and income. Total returns from global investment trusts e.g. Alliance, Witan and F&C have averaged 8% per annum over the past 20 years. I would look under the bonnet of any trust you are considering before parting with any c...
by LooseCannon101
June 10th, 2019, 7:01 pm
Forum: Investment Trusts and Unit Trusts
Topic: Funds designed to fail
Replies: 5
Views: 3385

Re: Funds designed to fail

How many open ended investment companies (OEICs) are there that are stuffed with illiquid assets? Not very many, if they are following the rules, as the limit is 10%. That's why an Investment Trust format is preferred for more "exotic" investments. Woodford tried to avoid the 10% limit in...
by LooseCannon101
June 9th, 2019, 2:26 pm
Forum: Investment Trusts and Unit Trusts
Topic: Funds designed to fail
Replies: 5
Views: 3385

Funds designed to fail

Neil Woodford's fund would have been OK if it had been structured as an investment trust i.e. a closed fund. How many open ended investment companies (OEICs) are there that are stuffed with illiquid assets? Before such a company is registered, it would be great if the regulator were to specify the t...
by LooseCannon101
June 8th, 2019, 8:48 pm
Forum: How Do I Invest
Topic: Do I want a Hedged Version of a Fund or not?
Replies: 9
Views: 3949

Re: Do I want a Hedged Version of a Fund or not?

I don't hedge directly, but I do own assets (equities) in many different countries through a large global equity fund with over 450 individual holdings. Hedging will cost money like all insurance products, and won't necessarily provide a higher return. For better or worse, the US market dominates th...
by LooseCannon101
May 20th, 2019, 7:56 pm
Forum: How Do I Invest
Topic: Make your own simple hands-off investment with limited funds available?
Replies: 17
Views: 1590

Re: Make your own simple hands-off investment with limited funds available?

F&C Investment Trust (FCIT) has been mentioned. I have been investing in this trust for over 20 years through thick and thin, buying monthly and re-investing dividends. Their savings plan is excellent and cheap, though I am not sure it is available for ex-pats. Returns have averaged 8.5% per ann...
by LooseCannon101
May 2nd, 2019, 8:51 pm
Forum: Investment Trusts and Unit Trusts
Topic: F&C Investment Trust AGM
Replies: 2
Views: 705

F&C Investment Trust AGM

The AGM was held today - Thursday 2nd May 2019. Paul Niven gave a thorough explanation of our portfolio's performance, highlighting Private Equity and our US holdings which did particularly well. He also said that our borrowings are highly diversified over many different maturities, with a very low ...
by LooseCannon101
March 26th, 2019, 8:30 pm
Forum: Investment Strategies
Topic: Stocks vs ITs & ETFs ?
Replies: 39
Views: 3894

Re: Stocks vs ITs & ETFs ?

Here are some of my thoughts - Stockmarket valuations around the world can be pretty volatile, but on average over many years will generally follow the global economy. Trying to buy and sell individual company shares like your pants are on fire, is great for your stockbroker but not for your overall...
by LooseCannon101
March 20th, 2019, 9:29 pm
Forum: How Do I Invest
Topic: Article in Telegraph on ISA Millionaires
Replies: 46
Views: 3298

Re: Article in Telegraph on ISA Millionaires

I completely agree with the Telegraph article. Most people could achieve a return of 8% per annum over 20+ years with a low-cost world equity index tracker or equivalent investment trust(s). Unfortunately, the average retail investor wastes time and money chasing the latest fad and getting burnt in ...
by LooseCannon101
February 5th, 2019, 10:22 pm
Forum: Investment Strategies
Topic: Use of Spread Betting
Replies: 32
Views: 1707

Re: Use of Spread Betting

About 80% of spread betting punters lose. What is the point of spread betting?

I would much rather make grow wealthy slowly using a highly diversified world equity fund, than quickly grow the revenues and earnings of casino-like companies that prey on the gullible.
by LooseCannon101
January 26th, 2019, 10:49 pm
Forum: Investment Strategies
Topic: Analyst 'Sell' tips outperform their 'Buy' tips
Replies: 9
Views: 867

Re: Analyst 'Sell' tips outperform their 'Buy' tips

I am currently reading a book - 'The Long and the Short of It' by John Kay. He suggests that it is better for an analyst to be conventionally wrong than to be unconventionally right. Most analysts are compared with their peers on a quarterly basis, rather than against a longer-term benchmark, and ar...
by LooseCannon101
January 15th, 2019, 10:07 pm
Forum: Investment Trusts and Unit Trusts
Topic: Ideas for Investments
Replies: 7
Views: 1563

Re: Ideas for Investments

I would look at global trusts such as Alliance, Witan or F&C (FCIT). The latter which I own, is highly diversified and has over 450 companies in it's portfolio. I would check out the performance e.g. total return including dividend re-investment of each trust over at least 10 years and if data i...
by LooseCannon101
January 14th, 2019, 7:29 pm
Forum: Investment Strategies
Topic: Form W-8BEN
Replies: 4
Views: 496

Re: Form W-8BEN

TedSwippet and PinkDalek - Thank you for your replies.

I will provide my National Insurance number to Fidelity Stock Plan Services.

Thanks again,

LooseCannon101
by LooseCannon101
January 12th, 2019, 9:56 pm
Forum: Investment Strategies
Topic: Form W-8BEN
Replies: 4
Views: 496

Form W-8BEN

I hope this question is in the right section. I own shares in Thomson Reuters (former employer) through Fidelity Stock Plan Services who are based in the US. Recently, I have been asked for a Foreign Tax Identification Number. I have no idea what this is. I would be most grateful if anyone could enl...

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