MunroMan

Robert Davies

MunroMan’s Activity

Today

NL

Boards Post

MunroMan posted to the Investment Strategies board. 10:59

Bubble spotted

The world’s central banks have engineered a fully-fledged bubble in developed world equity markets, according to legendary investor Jeremy Grantham, who expects stocks to rally a further 10 per cent before the bubble eventually bursts. [more]

Yesterday

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 20:56

Re: Henderson Far East Income

Jonathan Eley and others in the FT have been writing about it for years and I have neverseen anything to suggest that these figures are now made available by OEIC's

Terry Smith has also been talking about it and soes not seem to think it
[more]

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Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 17:43

Re: Henderson Far East Income

Take it up with the Association of Investment Companies, from which that figure is taken:

That is a cop out. If OEICs can provide that information why can't ITs?

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 17:40

Re: Henderson Far East Income

Worrying about what might have been if the managers were less greedy is hardly likely to bring you a better return.


It is not a question of greed so much as fiduciary duty. If the manager is generating a yield by additional [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 07:55

Re: Henderson Far East Income

In my new six-monthly review, Henderson Far East Income has an Ongoing Charges Ratio of 1.33%, compared with an average 1.44% for 32 Asian specialist ITs.

This thread fascinates me because, with two exceptions it shows that a number [more]

Wed Nov 19

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 16:52

Re: Portfolio holding period

Passive funds have PTRs of about 2 to 10% implying holding periods of 10 to 50 years.

Rob

NL

Boards Post

MunroMan replied to the Investment Strategies board. 10:45

Re: Sector Biggest Payers

This is the top 30 weighted by dividends HSBC Holdings PLC 8.94% BP PLC 5.27% Royal Dutch Shell PLC 5.26% GlaxoSmithKline PLC 4.77% BHP Billiton PLC 4.76% Vodafone Group PLC 4.02% British American Tobacco PLC 3.84% Rio Tinto PLC 3.33% Royal [more]

Tue Nov 18

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:10

Re: Starting a HYP now-basic 10 stocks?

I know there is a concept of "strategic ignorance" preached by some when it comes to the quarter on quarter or even year on year travails of the various companies we invest in and I can see the merit in that.

If you take [more]

Mon Nov 17

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 09:07

Re: Starting a HYP now-basic 10 stocks?

I am in the process of starting a HYP now. Which 10 stocks would you recommend to form the bases of this HYP?.

The fact that you are asking that question suggests that might want to do some more research before taking any action. [more]

Sun Nov 16

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 08:46

Re: Henderson Far East Income

Crickump,

Do you feel you understand this investment vehicle now after this discussion?

Rob

Sat Nov 15

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 16:39

Re: Henderson Far East Income

Is there any way of establishing the facts on this? As it could be of importance.

Luni, GrumpyMike, you are needed. I have long since stopped analysing active funds because you are trying to get inside someone's head. The question is [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 13:47

Re: Henderson Far East Income

I really don't mean to be crotchety and bash other posters but it strikes me as a bit strange to suddenly discover that the dividend is high and is partly supported by option writing and bash trusts on this basis when these have been stated [more]

NL

Boards Post

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

Re: Henderson Far East Income

Option selling helps a bit. Looking at the notes to the 2013-14 accounts it seems that about 6% of the trust’s income comes from selling options (calculation below):

Well spotted. It is also worth remembering that the portfolio at the [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 09:45

Re: Henderson Far East Income

Arb,

Because I am old decrepit and forgetful this escaped me earlier. I see AIC use Morningstar data which grosses up the dividend. On that basis it overstates yields for OEICs so I was referring the the yield quoted by Trustnet. Go the MS [more]

NL

Boards Post

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

Re: Henderson Far East Income

Time to be surprised! HFEL currently has a yield of about 5.5%.

I am impressed, that is a high yield I wasn't aware you could get such high incomes from telecoms companies in the far east. I am slightly perplexed by the fact that it [more]

Fri Nov 14

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 20:00

Re: Henderson Far East Income

But there's no harm in taking advantage of discounts caused by market turmoil if you have the opportunity!
The problem is that the sorts of income ITs I go for do not often come up at a big discount - even during the crash. To get the full
[more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 16:36

Re: Henderson Far East Income

Which could be argued is a further advantage! A widening discount means that, if you do purchase then, you will be picking up the fund's assets at a discount to their already lowered market valuation; and likewise, at an above market yield. [more]

NL

Boards Post

MunroMan replied to the Investment Strategies board. 15:04

Re: TMF's Beginner's Portfolio Question

QCG,

Mr Bloomberg. FTSE 100 yield figure is distorted by VOD and I never trust sales or book values, still less earnings. However, as all measures show the 250 has a higher valuation I am prepared to accept that mid-caps enjoy a premium [more]

NL

Boards Post

MunroMan replied to the Investment Strategies board. 12:50

Re: TMF's Beginner's Portfolio Question

FT100 3.3% S&P500 4.2% BRK-A 6.4% (Berkshire Hathaway) TJH HYP 7.9% (Terry's tweaked HYP (accumulation)) FT250 9.6% I suspect the differences are part down to international lagging (FT100 more recently holds less than 25% of sales from [more]

NL

Boards Post

MunroMan posted to the Investment Trusts & Unit Trusts board. 11:07

So true

There’s a secret many financial journalists want to keep under wraps. It’s that they have absolutely no idea what they are talking about...

A churnalist costs way less than a good journalist but in the end I suspect this blind obsession
[more]

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