Faie enough. Obviously I wasn't aware of the broader issues before now. Obviously you should be looking to diversify for example across different asset classes, geographic regions, risk/reward profiles. For example even if you don't want to invest directly in property you could invest (some of your money) in a property fund.Clubman, we have maxed out AVCs for our pensions, 2 unit linked funds (for the kids education) and want to do something a little bit different. We have shares from the companies we work for (one has done well, the other not) and find it interesting. We are not interested in being landlords, so thought we would buy some shares directly.
Apologies - the Financial Best Buys list currently does not list stockbroker charges. It used to ages ago. On the other hand I think that here are a couple of threads dealing with broker charges that might be of use to you.Have you read the key topics (including those about how to buy/sell shares) and the forum (which includes indicative broker fees)?
we have maxed out AVCs for our pensions, 2 unit linked funds (for the kids education) and want to do something a little bit different.
Presumably you mean actively managed funds? There are always index trackers which don't involve any professionals attempting to pick winning stocks.I wouldn't bother with these funds, just because these people are professionals doesn't mean you'll make more money (for you).
Presumably you mean actively managed funds? There are always index trackers which don't involve any professionals attempting to pick winning stocks.
Why not? Unless you don't have confidence in the stock markets in general?But I don't have much confidence in index trackers either.
Why not?
Unless you don't have confidence in the stock markets in general?
So you are confident that you can beat the market/index on an ongoing basis?Trackers just follow the market. If the ISEQ goes up 10%, your tracker goes up 10%. For me, it's more desirable to do better than the standard, in this example, greater than 10%. I see it like those savings accounts that give the same rate as the ECB rate... it's ok.
Only dead fish go with the flow.
You mean you don't have confidence in the stock markets in general?
So you are confident that you can beat the market/index on an ongoing basis?
You mean you don't have confidence in the stock markets in general?
Originally Posted by Guatama
.......it'd advise them to follow Mr Burgess's recommendation instead and buy the top/big 10 on the ISEQ.
Given the size of the ISEQ, it's easy to apply the Zulu Principle to it. So far, so good, I'm way ahead (though I have to give a nod to Mr Burgess).
Trackers just follow the market. If the ISEQ goes up 10%, your tracker goes up 10%. For me, it's more desirable to do better than the standard, in this example, greater than 10%. I see it like those savings accounts that give the same rate as the ECB rate... it's ok.
Only dead fish go with the flow.
I think this discussion has been done to death but for me the bottom line is that if you feel that you have better stock picking skill than 80%-90% of professional fund managers then go for it. Otherwise all research into the subject would indicate "going with the flow" is the winning solution.
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