MunroMan

Robert Davies

MunroMan’s Activity

Yesterday

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 21:53

Re: HYP - further buying today

I've held for three years and PNL, RICA and CGT all tracked sideways on SP while paying niggardly dividends.
The dividends I knew about of course so it was mainly the anaemic SP performance that irked me, especially comparatively.
I've
[more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 20:19

Re: HYP - further buying today

Today was the day I finally pulled the trigger on my Capital Preservation ITs

Decision making fascinates me so I am curious to know your reasons.

Rob

NL

Boards Post

MunroMan replied to the Index Trackers board. 06:52

Re: FTSE UK Equity Income Index

What they are doing is I think conceptually straightforward. They are just trying to get a cap weighted portfolio of the top yielding half of stocks

Agreed, but they don't make it easy to get at that.

Why can't it just set [more]

Wed Jul 30

NL

Boards Post

MunroMan replied to the Index Trackers board. 21:16

Re: FTSE UK Equity Income Index

No, no one else does it as simply as we do. Which puts people off. They all want a black box full of secret sauce.
We have a glass box so that you can see exactly what is going on but that doesn't impress many.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 11:15

Re: Says it all really

Yes, it sold its private client business that offered financial advice. It just so happened that it recommended clients put 30% of their money into Jupiter funds.

Rob

NL

Boards Post

MunroMan posted to the Investment Trusts & Unit Trusts board. 10:16

Says it all really

Of the £2.2 billion of private client assets, some 30% is invested in funds managed by Jupiter. These assets will stay with Jupiter immediately after the sale. However, the fund group anticipates that in time the net financial impact will be [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 07:58

Re: What if you lose mental capacity?

Oh and I forgot about Money-Guidnance

http://www.money-guidance.co.uk/investment-direction at £65 an hour.

Rob

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 07:48

Re: What if you lose mental capacity?

A 1.5% pa fee on £1m is £15K. That is 75 hours at £200 per hour. A

Look around. I know of one adviser that charges 0.7% and another that charges a simple hourly fee of £170. How many hours of advice do you [more]

NL

Boards Post

MunroMan replied to the Index Trackers board. 07:43

Re: FTSE UK Equity Income Index

the simplest way to run an index fund is to cap-weight it and physically replicate it. It's simpler because, absent corporate actions, index constituent changes and cashflows in and out, you never have to rebalance it. That in turn is why they are [more]

Tue Jul 29

NL

Boards Post

MunroMan replied to the Index Trackers board. 20:46

Re: FTSE UK Equity Income Index

What are the simpler ways?


Use a fundamental measure to determine stock weights rather than Market cap. Personally, I prefer dividends as I have argued on this and other boards at great length.

Rob

NL

Boards Post

MunroMan replied to the Index Trackers board. 17:31

Re: FTSE UK Equity Income Index

It's the old story in finance;make things more complex than they need to be.

There are simpler ways of doing it.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 09:14

Re: FE Crown Ratings

Social effects, where we're influenced by people around us need to be carefully guarded against. Anonymous internet tipsters may be overconfident because they're successful but it's just as likely they're too stupid to know they're wrong or [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 07:16

Re: FE Crown Ratings

I like to see that the trusts I own are on the list.

Is that what is termed confirmation bias by behavioural finance analysts?

I may not be sure what I am doing but if everyone else is doing it too than it can't be too [more]

NL

Boards Post

MunroMan replied to the Index Trackers board. 07:12

Re: FTSE UK Equity Income Index

I meant that a description of the process was so hard to find, rather than the process itself.

Rob

Mon Jul 28

NL

Boards Post

MunroMan replied to the Index Trackers board. 22:24

Re: FTSE UK Equity Income Index

I could not find a proper description but looking at it's portfolio it seems to use mkt cap once the constituents are selected.

Rather poor from two high profile companies.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 06:47

Re: FE Crown Ratings

http://www.trustnet.com/Help/FECrownMethodology.aspx

It is based on three measures including alpha generation, the ability to beat the index. Since virtually all funds, [more]

Sun Jul 27

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 08:05

Re: Interesting Times

HYP is better because it can eliminate costs that are unnecessary but predictable - fund manager fees. Get rid of them and you *will* have more income.

True, but running an HYP also has costs. It is also not tax efficient because [more]

Sat Jul 26

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 19:46

Re: Interesting Times

Isn't that because HYPing is never a Competition.

It is because unless it beats the default option, a passive fund, the exercise is subtracting value, not adding it. After adjusting for risk arising from more concentrated portfolios, [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 17:12

Re: PNL AGM

Assets such as your own house have been excellent wealth preservers in spite of the fact that they have consumed income

Only really in London which is more of a money laundering operation than a property Market.

House prices [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 15:50

Re: PNL AGM

PNL's objective is wealth preservation, not income generation

To preserve wealth you need to generate income. That is what protects you from inflation.

Rob

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