As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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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

2 comments:

  1. 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. 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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