MunroMan

Robert Davies

MunroMan’s Activity

Today

NL

Boards Post

MunroMan posted to the Investment Trusts & Unit Trusts board. 12:38

Pay to play

Sesame Ltd, the UK’s largest network of financial advisers, has been fined £1,598,000 by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme. Sesame’s arrangement effectively undermined the ban on commission payments [more]

Yesterday

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 13:31

Re: A Juicy BLT

Those guys are toast in this environment.

A bit dramatic. It had a 44% EBITDA margin last year and the return on capital has already fallen from 35% to 13%. Anglo's was 30% and 0.9%.

Mining is a very simple game. You can [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 10:09

Re: Thoughts on MY relationship with HYP

The danger of very short term movements are that they are just noise,

That is true, but if you exploit those movements you can add value which is an advantage any non-price based process has over conventional mkt cap [more]

Tue Oct 28

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 19:48

Re: Thoughts on MY relationship with HYP

Regarding the rebalancing timeframe it's just chance as to the timing of the the rebalancing for best effect, the act of rebalancing works well but according to Rob Arnott the frequency makes little difference.

No, I don't think so. [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 16:59

Re: Thoughts on MY relationship with HYP

With rebalancing, assuming for simplicity equal weightings, each year you'll have one asset that did well and that was reduced back to equal weighting, another that performed poorly - that was uplifted to equal weighting. Resetting back to equal [more]

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Boards Post

MunroMan replied to the High Yield - Share Strategies board. 14:40

Re: Thoughts on MY relationship with HYP

my feeling isn't like that, mainly because I had an Equitable Life pension, which I think amply disproves your assertion.

I agree. James Crosby who blew up HBOS was an actuary and Standard Life had a close shave and it was run by [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 14:08

Re: Thoughts on MY relationship with HYP

I wonder if this is really true? Do you have anything to back up this quite startling statement? My feeling is that life insurance companies employ actuaries who are quite good at erring on the side of caution.

Only the evidence that [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 12:56

Re: Thoughts on MY relationship with HYP

The problem is that there is a conflict between doing this regular rebalancing

The effort of managing 30+ individual stock reports, dividends, takeovers etc. however isn't something I'd be particularly good at dealing with as time passes [more]

NL

Boards Post

MunroMan replied to the High Yield - Share Strategies board. 11:09

Re: Thoughts on MY relationship with HYP

To me this was a 'no-brainer', as the income from an annuity could quite easily be little greater than that from a well chosen HYP portfolio. Imagine the difference between earning an income from your savings and keeping the savings, or earning [more]

Mon Oct 27

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 11:12

Re: The Fear: Sainsburys

The article actually talks about an "eternity" holding of the original 30 DJIA stocks with no trading whatsoever.

We all know that does not happen in practice mainly because of corporate actions. My estimate is that these [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:40

Re: The Fear: Sainsburys

Having seen numerous examples of the market reacting violently to the public announcement of an already-existing fact, I find your proposed assumption that "the market is fully informed of all the facts" unbelievable. Qualify it to [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:34

Re: The Fear: Sainsburys

It would, for example, be interesting to see if he is prepared to comment on the above link in a way that is not critical of the findings.

No, I am afraid I cannot. That takes you to a link for something called trading academy written [more]

Sun Oct 26

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 17:52

Re: The Fear: Sainsburys

Sorry, but "a healthy questioning of all you are told in an Annual Report" is not merely unnecessary - it's totally impractical for most HYPers. Just reading all you are told in an Annual Report will take up a substantial amount of time, [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 09:13

Re: Tracker Fund vs ETF for income

ii've not seen any evidence of this. could you give an example of an OEIC and a physical ETF, tracking the same index, where this is noticeable?

According to the HL charting function on a TR basis the HSBC FtSE 100 tracker is up 42% [more]

Sat Oct 25

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 22:51

Re: The Fear: Sainsburys

The assumption that because there is always a demand for a product or service means that any company supplying it will be a profitable investment is simplistic.

People want to fly to foreign counties but that does not mean that airlines are [more]

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Boards Post

MunroMan replied to the Investing for Income board. 18:06

Re: Tracker Fund vs ETF for income

Why not make all companies hand out all their net earnings after tax every year so that their dividends also behave like jumping beans

Because collective investment vehicle are fundamentally different from banks, retailers and so on. [more]

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Boards Post

MunroMan replied to the Investing for Income board. 17:32

Re: Tracker Fund vs ETF for income

No open-ended fund can promise the same, be it OEIC or ETF, because they are legally obliged to distribute all their income on the hoof. Those tied to a whole-market index such as the FTSE 100 or All-Share will never pay as much at the outset as [more]

NL

Boards Post

MunroMan replied to the Investing for Income board. 10:46

Re: Tracker Fund vs ETF for income

wondered why the recommendation was for tracker funds rather than ETFs or a mixture of the two

ETFs are more complex structures than OEICs because they involve a broker to create them and act as a Market maker at all times. That [more]

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 10:35

Re: The Fear: Sainsburys

People will always need to buy food

I think that analysis is a little simplistic. If you really believed that you would buy shares in all the food retailers, and perhaps Amazon, just in case. No one has any idea how this sector will [more]

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Big gold star, 5000 posts Top Favorite Fools
Board Posts 7506
Recs Received 10564
People who have rec'd these posts 2223
Recs to Posts Ratio (last 30 days) 6.40
Threads Started 984
Threads Started Percentage 13.11 %
Most Frequent Board High Yield - Share Strategies
Very First Post Re: Bridge - Daily Fool 28 Apr (28/04/1999)
Percentage of Posts Rec'd 38.40 %
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