MunroMan

Robert Davies

MunroMan’s Activity

Today

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 2 hours ago

Re: Personal Assets Quarterly No. 75

Why does Angus think the law insists on a Chinese wall between capital and revenue in trust accounts? .

Thankfully, that confusion is not a problem with OEICs. Income is income and treated as such giving the investor the choice of [more]

Wed Feb 25

NL

Boards Post

MunroMan replied to the Bert's Investor Sanctuary board. 07:33

Re: Finally!

The FTSE 100 is seen as the bell-weather for the UK economy

It has as much do with the UK economy as Starbucks.

Rob

Tue Feb 24

NL

Boards Post

MunroMan replied to the Bert's Investor Sanctuary board. 21:19

Re: Finally!

And the interpretation of the Total Return chart?

Rob

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 13:02

Re: BHP Billiton - Interim Results

High CAPEX could be due to management misjudgements or hubris, it could even be maintenance capex in disguise. There's no guarantee that heavy investment in new projects will increase the dividends*, and as TJH commented it is today's profits [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 11:17

Re: BHP Billiton - Interim Results

Presumably a similar situation exists at Shell, with their Dutch-listed arm?

No because both the A & B shares are listed on the UK to give a total weight of about 9%.

BHP Billiton has a similar payout of about £7b [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:56

Re: BHP Billiton - Interim Results

BHP Billiton is a bit of an odd company in that even though it is the third biggest dividend paying company listed on the LSE, after HSBC and Shelll, it's index weight is only 1.6%. That is because most of its shares are listed in Australia and and [more]

NL

Boards Post

MunroMan replied to the Investment Strategies board. 07:39

Re: Stocks as an Inflation Hedge

The 1939-1945 global war caused disruption to say the least.

But not as much as in 1914. The LSE closed on July 27th and did not reopen until January 2015. Every other stock exchange bar Shanghai and New Zealand was also closed for [more]

Sun Feb 22

NL

Boards Post

MunroMan replied to the Investment Strategies board. 22:55

Re: Stocks as an Inflation Hedge

A hedge is surely against something you may get but is not guaranteed. No one knows if we will get inflation or deflation.

The problem is that if you hedge perfectly you negate the move of the underlying asset. Many people confuse [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 10:21

Re: Cutters : Forgiven or Forgotten?

Trying to apply a set of rules that are applicable to the decision making process of a handful of people that change every year is a Fool's errand.

Boards make decisions on dividends on the basis of a whole range of factors, not least [more]

Sat Feb 21

NL

Boards Post

MunroMan replied to the Investment Strategies board. 17:41

Re: Stocks as an Inflation Hedge

Gold is more a measure of trust in the financial system than a hedge against inflation.

[more]

NL

Boards Post

MunroMan replied to the Investment Strategies board. 09:47

Re: Stocks as an Inflation Hedge

The article was all the more interesting because I was recently listening to an expert being interviewed on Bloomberg and, if I understood him correctly, he seemed to be saying that inflationary influences were building up and that inflation would [more]

Fri Feb 20

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 15:54

Re: Data danger

Otherwise, you could come up with any investment strategy that lay anywhere along the spectrum from "sound strategy" to "total crock", encapsulate that strategy within its own custom strategy index that you then [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 14:18

Re: Centrica Final Results

A tracker is no real alternative. It will not pay more than the index to begin with, and the income will fluctuate more than a well-conducted HYP's. Do you suppose that trackers can ignore Centrica's misstep?

There has been a [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 09:55

Re: Data danger

The whole investment industry appears to conflate risk with volatility.

Worse than that it focusses on short term volatility and forgets about the long term risks from inflation.

Unfortunately, there is no way to measure the [more]

Thu Feb 19

NL

Boards Post

MunroMan replied to the Investing for Income board. 11:54

Re: Maven Smart Dividend Fund

He's saying that no OEICs publish long term historical data on dividend pay outs.

Some do.

It is therefore impossible with OEICs to know how much to "put aside". Unlike ITs (who do it for you), and HYPs - where [more]

NL

Boards Post

MunroMan posted to the Investment Trusts & Unit Trusts board. 09:55

Data danger

Few people will have noticed this but tracker funds are now officially less risky than they were a year ago.

The FCA insists that all funds publish a KIID, key investors information document. This has to carry a numeric measure of risk on [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 09:39

Re: Maven Smart Dividend Fund

I think the "de-risking" used in Luni's context, isn't what you would call risk. It is just "putting a bit by" from the dividends to save against later years when the dividend might disappoint, or fail. i.e. reserving against [more]

Tue Feb 17

NL

Boards Post

MunroMan replied to the Investing for Income board. 11:29

Re: Maven Smart Dividend Fund

But are you saying that to measure the risk (whatever that means) of a collective you have to examine all of its holdings?

Ideally yes, but at least the top 20 or so. But that is not the issue. Holding a basket of funds means that the [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 10:29

Re: Maven Smart Dividend Fund

But it struck me as amusing for Luni to make such a point, given his position on de-risking.

I haven't seen that but I always thought that trying to measure risk in a collection of ITs was difficult because of problems of determining [more]

Mon Feb 16

NL

Boards Post

MunroMan replied to the Investing for Income board. 14:02

Re: Maven Smart Dividend Fund

All I seek from equity is the prudent maintenance and occasional, gradual expansion of income streams' purchasing power, most often from the starting point of an above-market yield. There must be unidirectional security in the dividends' [more]

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