MunroMan

Robert Davies

MunroMan’s Activity

Yesterday

NL

Boards Post

MunroMan replied to the Investing for Income board. 15:30

Re: Income Fund?

I think it was Money Management and it's still around, online.

http://www.ftadviser.com/tools-and-data/

I can't access the tables cos that's for subscribers only
[more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 12:01

Re: Income Fund?

B could have ended up with a much bigger return than A or could have lost the money altogether. Thus the investor was taking a much bigger risk with B and it is the volatility which creates that bigger risk.

Income from shares is
[more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 08:51

Re: Income Fund?

To many of us amateurs, "risk" means the chance of a wipe-out or at least losing a substantial sum if we are forced sellers. "Volatility" is just that, and something many can live with.

Although they are not [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 07:26

Re: Income Fund?

Suppose I need 40K a year to live off, and I have a million invested. I could skew my portfolio towards higher yielding shares to build a portfolio yielding 4% and just about get away with it, but only at the cost of elevating the risk profile. [more]

Mon May 23

NL

Boards Post

MunroMan replied to the Investing for Income board. 16:08

Re: Fund that charges fees based on earnings

Yes it is although I think it might encourage a fund manager to go for yield at the expense of security which could be a concern...

Absolutely, there would be many ways to game the system.
The best proposal I have heard is to [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 14:25

Re: Fund that charges fees based on earnings

Best stick to a fee-structure that's heavily biased in their favour then....

That is fine for the big boys that can offer discounts and help with marketing. Not so easy for a small start-up.

In the end the blunt force of [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 14:16

Re: Fund that charges fees based on earnings

No thanks but I will pay you a percentage of the income you generate each year - how does 5% of income generated sound?

To clarify, you would pay a fee of 5% of the income generated by your holding in the fund. So on a £100k [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 12:26

Re: Fund that charges fees based on earnings

What's wrong with a capped percentage rate?

That way you get some benefit from all your 'hard work', but if it's accompanied by a rising market then the punters also benefit with a capped rate.

Do some such fee-structures exist
[more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 12:23

Re: Fund that charges fees based on earnings

At cost :)

Vanguard do it on a not-for-profit basis, where fund shareholders are in effect also the owners of the fund. But not a single fee, just levy the funds % fee accordingly.


Would that include costs like marketing? [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 11:18

Re: Fund that charges fees based on earnings

Because that way as with other funds you take all the risk for their considerable risk free benefit.

OK. I will charge you a flat fee to invest in my fund. That way you keep all the benefit of a rising market. How much do you think [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 09:54

Re: Fund that charges fees based on earnings

Surely they should instead charge a fee based on the income the fund generates.

Do you mean then that the fund would suffer higher fees if the fund delivered higher income? That is surely a negative incentive.

Besides, since [more]

Sun May 22

NL

Boards Post

MunroMan replied to the Investing for Income board. 17:03

Re: Income Fund?

Failing that then buy-backs are the next choice provided the share price is attractive enough at the time, as that dilutes the number of shares in issue which raises the value of all other (outstanding) shares. Failing that then throw it out to [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 13:14

Re: Income Fund?

All-else-being-equal, the share price might rise in alignment with the firms book-value. If earnings/profits are 12% and half of that is paid out by the firm in dividends then the firms book-value has risen by 6%. If instead the firm retained all [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 08:43

Re: Income Fund?

The key aspect for Buffett and other portfolios that use this approach is that dividends from company A can be used to buy more shares in company B if it is more attractive, i.e. cheaper, than company A.

What is much harder to determine is [more]

Fri May 20

NL

Boards Post

MunroMan replied to the Investing for Income board. 06:59

Re: Income Fund?

ETFs are probably the cheapest but you either have to go with the index or start paying active fees for "smart" versions (and evidently some people still believe that they are dodgy).

ETFs are fundamentally more expensive or [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 06:53

Re: The Cost of Investing

Would most people be better of Investing in a high yield tracker fund rather than buying individual shares?


I think so, but then I would say that wouldn't I.

Still, it is good to see other people coming around to the [more]

Fri May 13

NL

Boards Post

MunroMan replied to the Exchange Traded Funds (ETFs) board. 18:26

Re: Commodities Trading

Is copper from every mine regarded as equal?
Mines normally produce a concentrate which is then smelted and refined. If that material, often referred to a as copper cathode, meets LME specifications it is then available for trading as LME [more]

Thu May 12

NL

Boards Post

MunroMan replied to the Index Trackers board. 21:03

Re: Smart Beta ETFs

problem is that nobody has the slightest clue as to which stocks are undervalued and which are over valued, but there are many who claim they do.

Yes we do, half of 'em.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 07:29

Re: Can TA be applied to funds?

This site might help if you are looking at beta funds.

http://www.harlynresearch.co.uk/

Rob

Wed May 11

NL

Boards Post

MunroMan posted to the Investment Strategies board. 17:05

Has QE come to an end?

In March 2009 the UK government embarked on a journey into the unknown when it started a process called Quantitative Easing in which it helped monetary conditions by buying gilts with money it had created. It wasn’t the first central bank to do this. [more]

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