In the Interest of Clarity

[TikoMike]

Your gunna be fun!!

Sorry I might need a translator. Especially on the "your" part. Do you speak English?

 

[Trembling Hand]

Sorry I might need a translator.

Probably a change of attitude and some credibility would be better.

 

[kermit345]

I agree with the sentiments of McLovin and Ves.

You'll find the listed fund managers will move in the same direction as the underlying market(s) they operate within but in a more compounded fashion. For example is markets are going down their FUM is reducing not only due to market movements but also due to outflows. Then the reverse holds true, on a market going up their FUM will increase due to the rising tide but also due to inflows. I'd also note the following two points that can make Fund Managers a good investment if you can get on board at an opportune time:

- Given SG contributions you'll find on down markets the outflows won't be as severe as when increasing markets occur. This is because typically people either don't take much control of their super and simply stay invested and/or don't want to hoard huge amounts of cash and leave some invested plus increasing proportionately when SG contributions are made.

- Generally people flock to fund managers with either a proven long track record (i.e. Platinum) or those who have shown recent outperformance (Magellan). This is particularly true when the market starts firing up and people are looking for anywhere to throw their cash, particularly inside super (if they aren't already fully invested).

Given the huge amounts of cash sitting on the sideline at the moment just waiting for the right time to invest, i'd look at buying shares in a fund manager when there starts to be any signs of the next bull market. You may get in a little early or a little late but the compounded nature of the inflows fund managers will receive will be pretty significant in my opinion.

And like others have mentioned, don't forget that the underlying costs of running these fund managers are relatively fixed. The only time costs increase is if more staff need to be added on and this is generally only due to the fact your doing so well anyway. So the returns essentially go straight to the bottom line and a reasonable portion of this finds its way into shareholders pockets via dividends.

EDIT:

In relation to HHL and tech/a's point of view, I agree with him at the moment. There's not enough compelling evidence that markets are on the improve and wont be hammered again anytime soon. While I can understand why buying fund managers shares can be a great and rewarding investment, timing can be a significant issue and I don't believe now is the right time due to the underlying markets which is what tech/a is getting at. If we start to see debt issues world wide actually being adressed rather then simply delaying repayment and the market steadily rises, HHL and co may be great buy opportunities, particularly if their share price lags the market in any way.

 

[tech/a]

Sorry I might need a translator. Especially on the "your" part. Do you speak English?

Ill type slowly.

 

[kermit345]

This thread was started to avoid taking over robusta's thread, after tech/a's original post theres only been 3 posts attempt to address why/why not to buy HHL at the moment from a fundamentals point of view and in relation to the underlying market, me, Ves and McLovin.

The rest of it has just been more trolling. I'm not sure if your busy or something tech/a but you started this for discussion and the 'fundy's' of us have raised some points and thats where the discussion has ended.

Kind of defeats the purpose of this new exciting thread doesn't it lol.

 

[tech/a]

A couple of things.

(1) I started the thread for anyone to discuss anything which they feel needs clarity relative to an answer on ANY thread where the continuation of the explanation would lead to disruption in the thread.

(2) I will be "Clarifying some issues that are directed to me from time to time so that I wont have to do it again and it will be here on this thread for reference when I need to "clarify" someones remarks.

(3)

The rest of it has just been more trolling.

I'm lost with this trolling terminology particularly in THIS thread---can someone explain it to me so I can "Clarify it"?--Seriously I'm at a loss.Its not something I consciously do.

(4) I think my views have been addressed and others have acknowledge I can see the point of others but cant see why NOW is a good time to buy.
The holder of 312000 shares has dropped $84,000 this week without a murmur.

 

[kermit345]

Trolling is basically saying something to get a rise out of another person without being serious or contributing anything constructive to the conversation/topic. Basically exactly what TikoMike did which managed to get yourself and TH to respond - just adds nothing to the overall discussion but hey i guess thats online forums for ya.

Thanks for the prompt reply, essentially seems like we all agree that we can understand the reasoning why HHL *could* be a good investment but that none of us can see that it is at the moment.

Still hope it pans out for Robusta, time will tell.

 

[tech/a]

Trolling is basically saying something to get a rise out of another person without being serious or contributing anything constructive to the conversation/topic. Basically exactly what TikoMike did which managed to get yourself and TH to respond - just adds nothing to the overall discussion but hey i guess thats online forums for ya.

Thanks for the prompt reply, essentially seems like we all agree that we can understand the reasoning why HHL *could* be a good investment but that none of us can see that it is at the moment.

Still hope it pans out for Robusta, time will tell.

Thanks I count myself informed

 

[TikoMike]

Trolling is basically saying something to get a rise out of another person without being serious or contributing anything constructive to the conversation/topic. Basically exactly what TikoMike did which managed to get yourself and TH to respond - just adds nothing to the overall discussion but hey i guess thats online forums for ya.

Thanks for the prompt reply, essentially seems like we all agree that we can understand the reasoning why HHL *could* be a good investment but that none of us can see that it is at the moment.

Still hope it pans out for Robusta, time will tell.

Kinda off the mark there a bit. Boggo was trolling FAs, I fell for the bait. I used tech/a as an example as part of my response. But other than that you got the gist of what trolling means.

 

[CanOz]

Ok, now that we've all made up, lets jog on!

 

[Julia]

lets jog on!

That reminds me of a fascinating and very spirited ongoing exchange some years ago between Tech/A and a FA enthusiast, Ducati. Tech, you will remember this, I'm sure.
He was very articulate and great fun to read.

Now that was an argument worth tuning in to. It was a match between equals coming from opposite points of view, no real insults, and clearly a challenge to both.

Ducati's signature always included the words "Jog on".

 

[CanOz]

That reminds me of a fascinating and very spirited ongoing exchange some years ago between Tech/A and a FA enthusiast, Ducati. Tech, you will remember this, I'm sure.
He was very articulate and great fun to read.

Now that was an argument worth tuning in to. It was a match between equals coming from opposite points of view, no real insults, and clearly a challenge to both.

Ducati's signature always included the words "Jog on".

Yup, recalled that clearly as I typed it....

CanOz

 

[tech/a]

That reminds me of a fascinating and very spirited ongoing exchange some years ago between Tech/A and a FA enthusiast, Ducati. Tech, you will remember this, I'm sure.
He was very articulate and great fun to read.

Now that was an argument worth tuning in to. It was a match between equals coming from opposite points of view, no real insults, and clearly a challenge to both.

Ducati's signature always included the words "Jog on".

Yes the Ducsta
When in Auckland I arranged a dinner with duc and zip zap ( Andrew Gibbs.) Andy made it but duc unfortunately never arrived.
Have met some real characters over the 20 yrs posting!

 

[CanOz]

Yes the Ducsta
When in Auckland I arranged a dinner with duc and zip zap ( Andrew Gibbs.) Andy made it but duc unfortunately never arrived.
Have met some real characters over the 20 yrs posting!

Zip zap is quite a coder, he's been busy too!

That's a shame duc never made it. Hope he's still doing ok!

CanOz

 

[tech/a]

Zip zap is quite a coder, he's been busy too!

That's a shame duc never made it. Hope he's still doing ok!

CanOz

Duc was a great one for picking what he considered a good value stock and averaging down.
I challenged him on it and he ran a test for 18 mths.
The account blew up.
The thread is here somewhere in the archives.

Here it is

https://www.aussiestockforums.com/forums/showthread.php?t=2829

 

[Joules MM1]

Zip zap is quite a coder, he's been busy too!

That's a shame duc never made it. Hope he's still doing ok!

CanOz

think the duc is running a blog over at T2W .....he's an ardent fanfollower of Radge....i suspect he's dropped much of his old angst and philosophic shtick.....

rock on

 

[CanOz]

think the duc is running a blog over at T2W .....he's an ardent fanfollower of Radge....i suspect he's dropped much of his old angst and philosophic shtick.....

rock on

Mate, you are like THE GO TO GUY for everything lol!

Far out...he's been busy too!

Him and Tech would be on the same page now surely...

 

[Trembling Hand]

Him and Tech would be on the same page now surely...

Flip flopper. never made anything work, Intraday... didn't stick. Value.... see thread. Arb at one stage... now what?

go figure!

 

[Boggo]

I just could not help myself but to reply to Boggo's post. I know he was trolling, guess I should not have taken the bait. But if he is making an FA sound stupid then just as easily I can make a TA look stupid featuring none other than himself.

I have been across most of the country in the last week and have obviously missed out on some of usual fruit bat mentality (I can't eat it but I will **** on it so that no one else can eat it) comments.

Tiko ol sport, I was 1.8 cents out in my mental calcs on TLS. As a $4 stock I will let you get back to me with the percentage error that you have detected which you believe may completely ruin my credibility as a TA enthusiast (it may involve TA type calcs so let me know if you run into difficulty).

Regarding the FA investor on TGA in your comment above, if you took the time to actually read my post for how it was written, not how you think it is written then I think you would see that I have the utmost respect for that TA investor, why, because unlike you he types up his detailed analysis and then comments in its defence.
I may not agree with some aspects of his buy and hold methodology but he certainly earns respect for his ability in the area he considers is best for his situation and I respect him for his skill in that.

Every analysis works if you put in the work. Most FA's however just quote six month old figures that they couldn't explain anyway in their elusive quest to become the next Warren Buffet.

Read what people such as tech/a, Trembling Hand and Pioupiou actually do in their three different approaches and then when you post some of your own with a demonstartion of a sound understanding of what you are on about you may earn the right to make a valuable contribution to whichever field you choose.

We have our quota of sciolists at the moment thank you, watch and learn would be my advice until you can display and justify your approach.

 

[Ves]

Hi Julia - I probably was off-topic when asking you about following trends and the pre-GFC switch into gold in the interest rates thread. Maybe you could answer here? No obligations, it's up to you. Cheers!