I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Wednesday, 5 June 2019

Britain’s best known stockpicker posts apology on Youtube after suspension of flagship fund


CW: Past performance doesn't guarantee success in future market cycles. Market is always changing! 

Read? Britain’s best known stockpicker posts apology on Youtube after suspension of flagship fund
Posted by Createwealth8888 at 20:00
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2 comments:

  1. Spur6 June 2019 at 12:40:00 GMT+8

    What's up with fund managers apologising on youtube?? Remember this other guy in Nov 2018?

    I would say Woodford lost his touch many years ago. He tried a China fund few years ago but cannot make it.

    His current troubles started many months ago when he invested in unlisted companies in his funds i.e. private equity. After getting questioned by UK financial watchdog & authorities, he tried to solve it by getting some of the PE listed on ali baba stock exchange like on Guernsey Island.

    Of course investors all started to siam. Now still got GBP3.6B stuck in his suspended fund. A few town council funds still stuck inside. And NAV has dropped a lot in the meantime.

    His other funds also seeing plenty of redemptions with -10% daily drops.

    ReplyDelete
    Replies
    1. Createwealth88886 June 2019 at 18:44:00 GMT+8

      Somehow quite a number of star managers lost their touch. So how about retail? Can be worse. Solution? Index investing :-)

      Delete

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