Just took part in a 'fireside chat' with John Butters, CIO at Weatherbys. Key takes from the chat:
- The Banks are fine - not over exposed at all.
- Governments will spend as we move out of the pandemic, coupled with central bank QE
- Governments can borrow at pretty much 0% and Boris needs to protect his northern seats!
- Inflation likely to remain low, although possible short-term spike due to supply chain issues.
- No fear of inflationary pressures from QE
- Markets were likely to have bottomed at 5,000 when things looked at their darkest. Could be more volatility as we climb what he described as the wall of worry, but we've seen the worst.
- Investment Managers have been out-performed by the major indices - it is most definitely not a stock pickers market.
- If holding cash just drip feed it into investment funds - don't think you can pick your timing - emotion is not a good investment guide!
- Stick to your chosen risk profile!
I'll add to that......BOE meet tomorrow with the consensus that they will reduce rates to 0%. Mind you that is only a reduction of 0.1%.......but something I never thought I'd see in my lifetime & a far cry from the double digit rates of the late eighties / early nineties.
How long before the banks charge us to deposit funds?
I need to hollow out that mattress!
The way today's world is nothing would surprise me!
No insider info, they'd already come out and said covid would effect their profits and the shares took a hit. They are still expecting to make north of 65m. But dividend is suspended.
If you can hold for a while (up to a year) I still think they are a good buy at sub £10.
Its been a strange month for Lindsell Train Global and Fundsmith Equity. Both turned in very flat returns near 1pc.
I ditched my Lindsell Train Global Equity fund at the start of this week. Had less than 5% in it & as you say had done nothing since the start of April.
Its been a strange month for Lindsell Train Global and Fundsmith Equity. Both turned in very flat returns near 1pc.
I ditched my Lindsell Train Global Equity fund at the start of this week. Had less than 5% in it & as you say had done nothing since the start of April.
Interesting.
May I ask what you'd do if you held the Lindsell Train UK Equity Fund? I had a brilliant run with it early in 2019 and (typically!) topped up my holding in July 2019 at £4.82. Today nearly a year later it stands at £4.42 and hasn't been anywhere near to regaining the earlier price. Time to ditch that as well?
Also, is it time to take profits on Baillee Gifford American? (Up 50% in 6 months). The Times had a big article on Saturday saying big investors were pulling their money out of the US stock market and surely the fund just can't go on rising like this. (Although as I write the Dow is up another 430 points tonight!)
I invest in numerous companies and technologies that are deemed beneficial to the environment and to society. The Govt should be publicly applauding these entities and helping them to become confident and successful. New investors might be attracted and an increasing positivity might be realised in this sector.
Alas, no. The Press-up King is backing environmentally destructive schemes. I've complained about this for ages and now the CEO of Legal & General, Nigel Wilson, joins me in criticising the Tories.
UK ministers send mixed messages over climate commitments, says fund manager
The head of the UK’s largest fund managerhas criticised the UK government for creating “confusion” around the country’s climate commitments by prioritising projects such as expanding Heathrow airport and pushing ahead with HS2.
Nigel Wilson said government priorities were “not necessarily consistent” with climate crisis objectives and sending mixed messages to investors and the financial services industry.
During a webinar focused on financial climate risks on Monday, Wilson said: “The government has to become a collaborative partner. At the moment the mandates on what they want to do, and what they want to spend their money on, are not always aligned with climate change at all, [and] send all sorts of confusing messages.
“The highest-priority projects, these seem to be Heathrow and HS2 [and] those are not necessarily consistent with the climate objectives … and this creates confusion amongst our staff and our customers.”
Wilson’s comments targeted two of the most controversial infrastructure projects on the government agenda. They come months after plans for a third runway at Heathrow were deemed illegalby the court of appeal. Judges ruled in February ministers did not take into account government commitments to tackle the climate crisis.
Wilson’s criticisms were aired during a webinar on Monday that marked the launch of the Climate Financial Risk Forum (CFRF) guide, spearheaded by the Bank of England and Financial Conduct Authority. The project is meant to help banks, insurers and asset managers navigate the looming threats of the climate crisis.
Wilson, who chaired the CFRF’s work on innovation, said firms should be thinking of creative ways to tackle global heating. For example, mortgage providers should consider energy costs and a home’s energy performance
Its been a strange month for Lindsell Train Global and Fundsmith Equity. Both turned in very flat returns near 1pc.
I ditched my Lindsell Train Global Equity fund at the start of this week. Had less than 5% in it & as you say had done nothing since the start of April.
Interesting.
May I ask what you'd do if you held the Lindsell Train UK Equity Fund? I had a brilliant run with it early in 2019 and (typically!) topped up my holding in July 2019 at £4.82. Today nearly a year later it stands at £4.42 and hasn't been anywhere near to regaining the earlier price. Time to ditch that as well?
Also, is it time to take profits on Baillee Gifford American? (Up 50% in 6 months). The Times had a big article on Saturday saying big investors were pulling their money out of the US stock market and surely the fund just can't go on rising like this. (Although as I write the Dow is up another 430 points tonight!)
I'd probably pull out of Lindsell Train UK equity & go for one of the following:
MI Chelverton UK Growth Royal London Sustainable Leaders Slater Growth
As for BG American. I've been taking profits from it over the past couple of weeks & rebalancing portfolios. Typically clients had around 8%-9% in it but as it's being growing out of all proportion the allocations have grown to 12% or more. I've been reducing the holdings back down to the 8-9% mark again & putting the money into UK stocks (seeing as the FTSE100 is still off 20%)
Its been a strange month for Lindsell Train Global and Fundsmith Equity. Both turned in very flat returns near 1pc.
I ditched my Lindsell Train Global Equity fund at the start of this week. Had less than 5% in it & as you say had done nothing since the start of April.
Interesting.
May I ask what you'd do if you held the Lindsell Train UK Equity Fund? I had a brilliant run with it early in 2019 and (typically!) topped up my holding in July 2019 at £4.82. Today nearly a year later it stands at £4.42 and hasn't been anywhere near to regaining the earlier price. Time to ditch that as well?
Also, is it time to take profits on Baillee Gifford American? (Up 50% in 6 months). The Times had a big article on Saturday saying big investors were pulling their money out of the US stock market and surely the fund just can't go on rising like this. (Although as I write the Dow is up another 430 points tonight!)
I'd probably pull out of Lindsell Train UK equity & go for one of the following:
MI Chelverton UK Growth Royal London Sustainable Leaders Slater Growth
As for BG American. I've been taking profits from it over the past couple of weeks & rebalancing portfolios. Typically clients had around 8%-9% in it but as it's being growing out of all proportion the allocations have grown to 12% or more. I've been reducing the holdings back down to the 8-9% mark again & putting the money into UK stocks (seeing as the FTSE100 is still off 20%)
Morning all, £50.00 on PB and same for my wifey so a continuing nice return on PB’s for us.
As stated on an earlier message I am new to this investing game (not PB’s) and learnt a valuable lesson last few days, got some shares in DS Smith (packaging), few weeks ago were showing a 30% gain on original cost but decided to hold on to them re dividend announcement this week, no dividend shall be paid share price bombed now a much reduced 7% gain which is still healthy, I am hanging onto them now as I am sure they will rise and sell once @ 20%. On line shopping needs cardboard boxes.
As said still new to this game & learning but there are definitely some nice gems out there. Was astounded @ Metal Tiger growth would have loved to have a punt on them a few weeks ago 750% gain, extraordinary.
Bloody nervous about tonight I might add, will do a bit for my Marston’s shares by supping a few in front of the TV later 😉😏
Morning all, £50.00 on PB and same for my wifey so a continuing nice return on PB’s for us.
As stated on an earlier message I am new to this investing game (not PB’s) and learnt a valuable lesson last few days, got some shares in DS Smith (packaging), few weeks ago were showing a 30% gain on original cost but decided to hold on to them re dividend announcement this week, no dividend shall be paid share price bombed now a much reduced 7% gain which is still healthy, I am hanging onto them now as I am sure they will rise and sell once @ 20%. On line shopping needs cardboard boxes.
As said still new to this game & learning but there are definitely some nice gems out there. Was astounded @ Metal Tiger growth would have loved to have a punt on them a few weeks ago 750% gain, extraordinary.
Bloody nervous about tonight I might add, will do a bit for my Marston’s shares by supping a few in front of the TV later 😉😏
I don't know how "new" to investing you mean but if you are a real novice the best thing to do is........
1) dont buy individual shares
2) build a worldwide portfolio of equities & bonds.
3) invest into an ISA as all gains are tax-free.
Unless of course you are only dabbling in a few pounds in which case gains & losses are relatively immaterial.
Morning all, £50.00 on PB and same for my wifey so a continuing nice return on PB’s for us.
As stated on an earlier message I am new to this investing game (not PB’s) and learnt a valuable lesson last few days, got some shares in DS Smith (packaging), few weeks ago were showing a 30% gain on original cost but decided to hold on to them re dividend announcement this week, no dividend shall be paid share price bombed now a much reduced 7% gain which is still healthy, I am hanging onto them now as I am sure they will rise and sell once @ 20%. On line shopping needs cardboard boxes.
As said still new to this game & learning but there are definitely some nice gems out there. Was astounded @ Metal Tiger growth would have loved to have a punt on them a few weeks ago 750% gain, extraordinary.
Bloody nervous about tonight I might add, will do a bit for my Marston’s shares by supping a few in front of the TV later 😉😏
I don't know how "new" to investing you mean but if you are a real novice the best thing to do is........
1) dont buy individual shares
2) build a worldwide portfolio of equities & bonds.
3) invest into an ISA as all gains are tax-free.
Unless of course you are only dabbling in a few pounds in which case gains & losses are relatively immaterial.
Cheers Golfie appreciate the response, got the ISA’s covered, not dabbled as yet in equities & bonds, need to read up on these, yup do have a share portfolio, long burners in my SIPP, BT, banks etc..., in my share account splashed out £8k currently @ 6% gain, bought when market was rock bottom April and have started selling when reach a decent profit and invest original sum into my SIPP and then buy with profits in my share account. Realise returns are benefitting the dip of March and those returns unless I spot a real growth stock will not be sustained but airlines and brewery shares will only go up + of course that great tip from @ Rob7Lee re Metro bank and Tallow oil.
i am just catching up with your comments on the Lindsell Train funds. You said you sold. However you did not say why. Funds are not supposed to be traded like shares, is the IFA mantra to mug punters. Surely if you sold you must have taken a look at the portfolios and decided that many of their bigger company holdings are worrying you long term. One of the biggest holdings - also for Fundsmith - is Unilever. I watch it carefully as my wife also has a direct holding, as an ex employee. After being hit in March it recovered sharply, but in the last month it has been flat- lining. LT and Fundsmith are heavy on similar FMCG global giants. I would suggest that’s why the funds themselves are flatlining.
You can turn your back on Unilever and co. if you want to. I’m holding.
i am just catching up with your comments on the Lindsell Train funds. You said you sold. However you did not say why. Funds are not supposed to be traded like shares, is the IFA mantra to mug punters. Surely if you sold you must have taken a look at the portfolios and decided that many of their bigger company holdings are worrying you long term. One of the biggest holdings - also for Fundsmith - is Unilever. I watch it carefully as my wife also has a direct holding, as an ex employee. After being hit in March it recovered sharply, but in the last month it has been flat- lining. LT and Fundsmith are heavy on similar FMCG global giants. I would suggest that’s why the funds themselves are flatlining.
You can turn your back on Unilever and co. if you want to. I’m holding.
Hi @PragueAddick. I cant say that I've delved that deeply into all the underlying investments & I would caveat this by saying this is my SIPP I'm talking about & not client portfolios.
Listening to a Webinar by Jupiter last week & they were going through their Jupiter Merlin Portfolios where they hold both funds. The discussion was around "value" v "growth" stocks & how they are more of a "value" manager. I'm more the opposite & wanting to take advantage of the 20% drop in the FTSE. Unilever is a staple brand & will chug along nicely like you say. I'm looking for stocks that can take advantage of this pandemic & will be at the forefront when things get going again.
Its one of the continuing flaws in the entire setup that it is not easy, as a fund investor, to delve into the holdings of a fund. On the H-L platform, all they give you is the top ten holdings. I think it ought to be mandatory that all funds holdings should be one click away from an investor’s eyeballs.
Agree with that. I found an article last week comparing the exact holdings of Fundsmith and Lindsell Global. Think a quick google search will find the breakdown.
Its one of the continuing flaws in the entire setup that it is not easy, as a fund investor, to delve into the holdings of a fund. On the H-L platform, all they give you is the top ten holdings. I think it ought to be mandatory that all funds holdings should be one click away from an investor’s eyeballs.
I agree, but I think it's only a requirement to list the top 10 holdings on the fund fact sheet. I'm usually more interested in the asset / country split. The reason why some funds do a lot better than their peers is because of where they invest. For example, a global fund might currently invest 50% in the US whereas another only 20%. Makes a big difference if the first is investing in the big 4 (Amazon, Apple, Facebook, Google) and the other not.
Comments
If you can hold for a while (up to a year) I still think they are a good buy at sub £10.
May I ask what you'd do if you held the Lindsell Train UK Equity Fund? I had a brilliant run with it early in 2019 and (typically!) topped up my holding in July 2019 at £4.82. Today nearly a year later it stands at £4.42 and hasn't been anywhere near to regaining the earlier price. Time to ditch that as well?
Also, is it time to take profits on Baillee Gifford American? (Up 50% in 6 months). The Times had a big article on Saturday saying big investors were pulling their money out of the US stock market and surely the fund just can't go on rising like this. (Although as I write the Dow is up another 430 points tonight!)
I invest in numerous companies and technologies that are deemed beneficial to the environment and to society. The Govt should be publicly applauding these entities and helping them to become confident and successful. New investors might be attracted and an increasing positivity might be realised in this sector.
Alas, no. The Press-up King is backing environmentally destructive schemes. I've complained about this for ages and now the CEO of Legal & General, Nigel Wilson, joins me in criticising the Tories.
UK ministers send mixed messages over climate commitments, says fund manager
The head of the UK’s largest fund manager has criticised the UK government for creating “confusion” around the country’s climate commitments by prioritising projects such as expanding Heathrow airport and pushing ahead with HS2.
Nigel Wilson said government priorities were “not necessarily consistent” with climate crisis objectives and sending mixed messages to investors and the financial services industry.
During a webinar focused on financial climate risks on Monday, Wilson said: “The government has to become a collaborative partner. At the moment the mandates on what they want to do, and what they want to spend their money on, are not always aligned with climate change at all, [and] send all sorts of confusing messages.
“The highest-priority projects, these seem to be Heathrow and HS2 [and] those are not necessarily consistent with the climate objectives … and this creates confusion amongst our staff and our customers.”
Wilson’s comments targeted two of the most controversial infrastructure projects on the government agenda. They come months after plans for a third runway at Heathrow were deemed illegal by the court of appeal. Judges ruled in February ministers did not take into account government commitments to tackle the climate crisis.
Wilson’s criticisms were aired during a webinar on Monday that marked the launch of the Climate Financial Risk Forum (CFRF) guide, spearheaded by the Bank of England and Financial Conduct Authority. The project is meant to help banks, insurers and asset managers navigate the looming threats of the climate crisis.
Wilson, who chaired the CFRF’s work on innovation, said firms should be thinking of creative ways to tackle global heating. For example, mortgage providers should consider energy costs and a home’s energy performance
MI Chelverton UK Growth
Royal London Sustainable Leaders
Slater Growth
As for BG American. I've been taking profits from it over the past couple of weeks & rebalancing portfolios. Typically clients had around 8%-9% in it but as it's being growing out of all proportion the allocations have grown to 12% or more. I've been reducing the holdings back down to the 8-9% mark again & putting the money into UK stocks (seeing as the FTSE100 is still off 20%)
* disclaimer. This does not constitute advice.
Me too - 2 x £25
As stated on an earlier message I am new to this investing game (not PB’s) and learnt a valuable lesson last few days, got some shares in DS Smith (packaging), few weeks ago were showing a 30% gain on original cost but decided to hold on to them re dividend announcement this week, no dividend shall be paid share price bombed now a much reduced 7% gain which is still healthy, I am hanging onto them now as I am sure they will rise and sell once @ 20%. On line shopping needs cardboard boxes.
As said still new to this game & learning but there are definitely some nice gems out there. Was astounded @ Metal Tiger growth would have loved to have a punt on them a few weeks ago 750% gain, extraordinary.
Bloody nervous about tonight I might add, will do a bit for my Marston’s shares by supping a few in front of the TV later 😉😏
1) dont buy individual shares
2) build a worldwide portfolio of equities & bonds.
3) invest into an ISA as all gains are tax-free.
Unless of course you are only dabbling in a few pounds in which case gains & losses are relatively immaterial.
i am just catching up with your comments on the Lindsell Train funds. You said you sold. However you did not say why. Funds are not supposed to be traded like shares, is the IFA mantra to mug punters. Surely if you sold you must have taken a look at the portfolios and decided that many of their bigger company holdings are worrying you long term. One of the biggest holdings - also for Fundsmith - is Unilever. I watch it carefully as my wife also has a direct holding, as an ex employee. After being hit in March it recovered sharply, but in the last month it has been flat- lining. LT and Fundsmith are heavy on similar FMCG global giants. I would suggest that’s why the funds themselves are flatlining.
You can turn your back on Unilever and co. if you want to. I’m holding.
Listening to a Webinar by Jupiter last week & they were going through their Jupiter Merlin Portfolios where they hold both funds. The discussion was around "value" v "growth" stocks & how they are more of a "value" manager. I'm more the opposite & wanting to take advantage of the 20% drop in the FTSE. Unilever is a staple brand & will chug along nicely like you say. I'm looking for stocks that can take advantage of this pandemic & will be at the forefront when things get going again.