MunroMan

Robert Davies

MunroMan’s Activity

Today

NL

Boards Post

MunroMan replied to the Bert's Investor Sanctuary board. 4 hours ago

Re: Scotland votes No

There was no reasoned arguments as the simple fact is you cannot foretell what will actually happen in a post independent Scotland with any accuracy.

But we do know that oil accounts for 15% of Scotland's revenue and that all the [more]

NL

Boards Post

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

Re: Scotland votes No

With 45% of the population ready to go to independence immediately if

They said they did, but they wanted to keep the queen, the currency, the 40 odd institutions like the DVLA and ATC that are national and serve them well. The SNP [more]

Yesterday

NL

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MunroMan posted to the Index Trackers board. 08:32

Good article on passive/active performance

While it makes sense to compare index funds to their relevant benchmark, it is also helpful to see how they perform against their active competitors.”


[more]

NL

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

Re: Be careful when comparing funds

I would have thought all funds should be compared to the

That does not make sense because they are different asset classes. The short term risk in equities is high, but low in cash.

Following an index, particularly an [more]

Fri Sep 19

Thu Sep 18

NL

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MunroMan replied to the Investment Strategies board. 11:22

Re: Cap vs Equal weighting

With regard to rebalancing, the dangerous move is to add to fallen holdings. Top slicing winners is safe. I just leave my losers as future tax losses. If I was starting afresh, I would probably just buy market weighted trackers.

And [more]

Wed Sep 17

NL

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MunroMan replied to the Investment Strategies board. 13:12

Re: Cap vs Equal weighting

If we know for certain the the pricing is correct,

There is no other service or product that I can think of that we buy purely on price. The cost of something is only one, albeit sometimes the most important, element in selecting [more]

Tue Sep 16

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 21:40

Re: Scottish vote

Without being too party-political, there are more giant pandas than Conservative MPs north of the border.

In 2010 412,855 people voted for the Tories in Scotland and 491,386 people voted for the SNP. The difference is not that [more]

Sun Sep 14

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 18:41

Re: HYP v. Scotland?

We are in a developed western democracy with centuries of property and company law, not some tinpot populist dictatorship, and both an independent Scotland and rump-UK will want to continue being the former.

The trouble with being old [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:28

Re: Next move

I don't usually think about market timing but I'll probably hold off placing any cash until next Friday following the referendum

And


'm sitting tight, and any buys I might have contemplated for next week have been [more]

Sat Sep 13

NL

Boards Post

MunroMan replied to the Investment Strategies board. 08:40

Re: Cap vs Equal weighting

Market weightings result from differences in the total amount of money made by different companies

Mkt cap is better seen as a measure of popularity than of money made. Anyone who remembers the qtly rebalancing ins and outs of the [more]

Fri Sep 12

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 07:25

Re: Rethinking the Sturdy Seventeen

Ha! Says the man whose entire strategy is based on quantity!

Touché, fair point.

Rob

Thu Sep 11

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 13:59

Re: Rethinking the Sturdy Seventeen

I think that there ought to be a limit about how much can go into one post

Aye, quantity does not beat quality.

Rob

NL

Boards Post

MunroMan replied to the Investment Strategies board. 12:11

Re: Cap vs Equal weighting

Other than for scale reasons, where a large fund can't equally weight all stocks as the amounts allocated to each stock might be too much relative to the market cap value of the smallest stock, why is the preference for cap weighted over that of [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 11:34

Re: Rethinking the Sturdy Seventeen

Worth remembering

Culturally we're biased against people who don't make the big calls. The preference of investors for extremely confident advisers and analysts is something I looked at previously, the problem being that we don't adjust [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 07:42

Re: Rethinking the Sturdy Seventeen

To me, the question of when the S17 were chosen is irrelevant

Of course it matters. Survivorship bias distorts the whole exercise and makes it meaningless. Gengulphus Is quite correct in robustly denouncing this ludicrous [more]

Wed Sep 10

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 20:27

Re: Be careful when comparing funds

I'm not aware of any cap-weighted index funds or ETFs that specifically track the 350 indices

Royal London has an institutional fund that tracks the 350. Minimum size £500k.

However, I believe that both IUKD and the [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 15:20

Re: Be careful when comparing funds

If such a fund can climb aboard a huge retail platform (let's say Hargreaves Lansdown, for the sake of argument) and can show a promising 'process' based on a longish operational record, say seven years... why, then surely the good news will get [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 09:57

Re: Be careful when comparing funds

These three comparisons indicate both whether your execution is excellent and whether your basic idea is sound. One without the other is useless.

Actually that is not quite correct.

The first test is to see if the theory [more]

Tue Sep 9

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 20:54

Re: Be careful when comparing funds

So I would like to see you publish three comparisons:

I can't do that for the reasons mentioned before.

But the answer to question 1 can be found on Trustnet with the caveat that the index was only created on a formal basis [more]

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