MunroMan

Robert Davies

MunroMan’s Activity

Today

NL

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MunroMan replied to the Bert's Investor Sanctuary board. 31 minutes ago

Re: The new reality ?

I believe levels of debt in the British economy are still far too high, but low interest rates are encouraging people to take on more debt and bid up asset prices. So rates should go up soon

That does not follow. If asset prices fall, [more]

NL

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MunroMan replied to the Environmentally Green Fools board. 3 hours ago

Re: Too much sun !

A neat option would be to combine a PV panel with a solar water heater. Even in Scotland that has supplied the bulk of the domestic hot water requirements for a family of three over the last few months.

Rob

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 3 hours ago

Re: PNL AGM

More generally was there any criticism from the floor or were most or the generally well heeled Edinburgh folks content just to go along with the Directors?


Watching what people do rather than what they say is usually more [more]

Yesterday

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 23:22

Re: PNL AGM

Having missed out on the journey up the stairs, it is a bit late to get a passive fund now, as will clobbered coming down in the lift!


No, because returns are more about dividends than capital. That is the point the Directors of [more]

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MunroMan replied to the High Yield - HYP Practical board. 19:24

Re: HYP growth assumption for modelling

It shouldn't be a surprise that funds with a value bias have under performed a five year bull market driven by ultra-cheap money that have benefitted high risk stocks.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 18:13

Re: PNL AGM

Had an interesting chat with the guy from Troy as to what they would buy if the market fell, seems a mixture of buying back stuff they sold as considered overvalued and new shares. They have set price targets to purchase on a number. I view this [more]

NL

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MunroMan replied to the High Yield - HYP Practical board. 17:42

Re: HYP growth assumption for modelling

It is impossible to make any long term forecasts for individual shares. The best you can do is look at historic returns of the asset class, in this case UK Equitiies.

Two studies that have the data are the Barclays Equity Gilt Review and [more]

Thu Jul 24

NL

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MunroMan replied to the Bert's Investor Sanctuary board. 09:06

Re: MH 17

http://www.bloomberg.com/news/2014-07-23/world-s-biggest-wea...

Norway to review it's Russian holdings.

Rob

Tue Jul 22

NL

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MunroMan replied to the Bert's Investor Sanctuary board. 08:01

Re: MH 17

but it strikes me that Putin is trying to draw a line around the few spheres of influence Russia still has around its borders & is trying to restore some national pride after losing the old Eastern bloc & the debacle of the ensuing chaos [more]

Mon Jul 21

NL

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MunroMan replied to the Bert's Investor Sanctuary board. 21:12

Re: MH 17

OR he does not and shows his internal public that he is not really in control as they have believed.


That is the least of his problems. It raises the questions of how this plays at home. If Putin is viewed by Russians to have [more]

NL

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MunroMan posted to the Bert's Investor Sanctuary board. 17:03

MH 17

It is early days yet but one wonders if this tragedy might be a game changer.

Putin's body language looked very defensive on TV and clearly this event was not part of his plan.

He may just bluff it out and hope that the West [more]

Sun Jul 20

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 10:45

Re: Volatility helps the long term investor

The only thing I should point out, as I did above, is the positive benefits to holding even small amounts of uncorrelated assets (to equities) in your portfolio

One of the things that came out of the crash was correlation by [more]

Sat Jul 19

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 15:51

Re: Volatility helps the long term investor

I can only say that I have managed very well without any knowledge of beta or drawdown (except in taking an income from a SIPP). I am happy to read about it though but I will not support the idea that academics and investing have really got much [more]

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 10:17

Re: Volatility helps the long term investor

Neither do I understand or care about 'Beta' or any of the other portfolio theories.

Maybe, but the word is a very easy way to describe the Market and the returns it offers. Once you establish that as a baseline for the lowest risk [more]

Thu Jul 17

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 10:27

Re: Volatility helps the long term investor

In real life we know that investors favouring low risk, low volatility stocks like Buffet and Woodford do better than stock jockeys in high beta stocks such as tech.

Rob

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 07:17

Re: Modelling divs a year ahead

Over six whole months! That's pretty strong evidence

... that you don't know much about statistics.

I know enough to know that six months is just noise and even five years is not long enough to prove a point.

Even so, if [more]

Wed Jul 16

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 22:58

Re: Volatility helps the long term investor

I thought PAT was about wealth preservation rather growth?

That proves the point. Investors pay more for stability. Volatility frightens them. That makes equities cheap as long as you an stomach the wild ride.

Perceived [more]

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Boards Post

MunroMan replied to the High Yield - HYP Practical board. 22:47

Re: Modelling divs a year ahead

choice based on current and expected yield. The dumb tracker has no choice. It simply buys and sells on weight. Regardless of quality, regardless of prospects, regardless of forecasts, regardless of ROC, regardless of anything other than size. And [more]

NL

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MunroMan replied to the High Yield - HYP Practical board. 18:27

Re: Modelling divs a year ahead

There was also the option of using the cash received to bring one's VOD holding back up to weight.

The tracker would not be able to do that.


A tracker wouldn't need to. After the deal VOD is a smaller company and it's new, [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 18:22

Re: Modelling divs a year ahead

A dumb tracker just HAS to hold it

Yes, but like Eric Morecombe commenting on Andre Preview a portfolio can hold hold all the right stocks but not necessarily in the right order.

Rob

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