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  1. R

    volatility is not a true measure of risk

    I can better see the point you are making with that last post. When I look back at 2013, Irish commercial property funds with no debt had halved in value between 2007 and 2012. They were well diversified across prime Dublin office property in the main. Under the Regulators rules, they were...
  2. R

    volatility is not a true measure of risk

    "To me equities are risk rated 7, end of. A benign period of low volatility does not reduce that rating to 5." I'm not sure the above is a valid statement. History and common sense teaches us that all companies are not equally as risky. Berkshire Hathaway comes to mind, as does Kerry. With no...
  3. R

    Tax-advantaged retirement accounts, or, a general 15-yr plan

    I've seen enough and heard enough and cannot see any great value in further contributing to a site where people handle themselves in this manner. There is little doubt that there are many knowledgeable contributors, but there's still a significant case of the uninformed arguing with the...
  4. R

    Tax-advantaged retirement accounts, or, a general 15-yr plan

    This thread, apart from the initial post, is a decent example of why I find myself struggling to participate on this site. Everyone wants their view to be right, and then get argumentative, with little based on facts. It is a fact - well researched, well documented - that passive investing...
  5. R

    How should deposit income of minors be taxed?

    Minors can't own assets until 18, so my understanding is that any income from assets that parents may have allocated to them is still income of the parents'.
  6. R

    What percentage of your portfolio is P2P?

    These platforms, be they lending or private equity peer-to-peer platforms, will come of age at some time in the future, no doubt, but they'd don't appear to be there yet. I suspect what is required is for a platform to get a professional investor/credit analyst to vet the project and to commit...
  7. R

    What percentage of your portfolio is P2P?

    Unless I knew who was doing the credit checks when lending on the money to companies, I'd would not put a penny on such platforms. For example, how do you know what margin you should receive if you don't know the risk within the company that is getting yours and others' monies through such a...
  8. R

    How to buy UK investment trusts?

    Yes, but there are other complications and I'm not a tax adviser. For example, age and the pension threshold limit regulations (i.e. the maximum assets you can build up in a pension vehicle) are issues that need consideration and vary from one person to another. If you take out a PRSA with a...
  9. R

    Concentration is better than diversification

    A terrific book on 'trading' is 'Way of the Turtle'. If you want to trade markets, the book highlights the need for finding an 'edge' on the market and consistently applying that strategy and how difficult that can be. The book is available on the online book stores and it's a great read even if...
  10. R

    Share transfer?

    On the assumption that your daughter is over 18 - and legally allowed to own assets in her own right - then it would be a transfer of ownership and it's unlikely Cantor will transfer shares in your name over to an account in your daughter's name. It may be easier to just sell your shares in...
  11. R

    How to buy UK investment trusts?

    All pension accounts allow you to save tax free until you retire the pension into an ARF structure. Personal Retirement Savings Accounts (PRSAs) are such a vehicle. The amount you can contribute whilst getting tax relief on those contributions varies depending on your age (and one or two other...
  12. R

    Rory Gillen's free book: "A guide to sound investing"

    I wouldn't be put off by the 'Duke's' theorising. For many investors, regular investing is a critical part of sound investing as it assists with the emotional side of investing. It was no coincidence that I outlined the benefits of euro-cost averaging in the section in the booklet dealing with...
  13. R

    Rory Gillen's free book: "A guide to sound investing"

    I think the real strength of euro-cost averaging is the discipline it brings to the table. Volatility in markets can be scary at times and it can knock many a saver off course, but by pre-committing to a programme - like many do with their monthly pension contributions - it is somewhat easier to...
  14. R

    Rory Gillen's free book: "A guide to sound investing"

    Yes, we understand your opinions, but it would be nice if you did not mix them up with the facts, which is one of my basic criticisms of many on this website. In the above response to 'dub-nerd', there are facts provided on Coppock. In addition, these same facts were initially outlined in 3...
  15. R

    Rory Gillen's free book: "A guide to sound investing"

    Since 1970, if one had bought the S&P 500, for example, on each Coppock signal, the average 1-year returns were 19%, 3-year returns 42% and 5-year returns 91%. These returns were before dividend income which, of course, would be material over the 5-year horizon. There have been just 12 signals...
  16. R

    Rory Gillen's free book: "A guide to sound investing"

    Yes, I pay attention to a number of technical indicators that I understand and find useful. Dow Theory for the 21st Century - complex, but fully explained in the book of the same name written by Jack Schannep. Dow Theory, as a technical indicator, has been around since 1900 and Jack Schannep's...
  17. R

    Rory Gillen's free book: "A guide to sound investing"

    Yes, I was assuming most people refer to timing the market 'by way of the price action (also referred to technical analysis)' as opposed to 'fundamental values'.
  18. R

    Concentration is better than diversification

    The best returns can accrue to those who can identify undervalued assets consistently. But I doubt that's the amateur, but rather the professional investor. If you commit the time, effort and patience to becoming a professional investor you have a chance. Anything else is either arrogance or...
  19. R

    Rory Gillen's free book: "A guide to sound investing"

    As I'm struggling to use the 'Quote & Reply Facility', this reply is to Dub_Nerd above: I made no direct reference to 'timing the market', but by inference if a market is overvalued relative to history it is at least a yellow flag. But as the booklet highlights, overvaluation is not so much a...
  20. R

    Rory Gillen's free book: "A guide to sound investing"

    Good post, in my view. The long-term returns from equities are mostly determined by the initial dividend yield and the subsequent growth in that dividend income stream. Share prices will follow the growth in earnings (and dividend) so that an investor's total return is the dividend income plus...
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