Entered the fox's lair in Brissie last night.
Be interested in opinions.
My third fox thing, so the formula is clear now.
Be interested in opinions.
My third fox thing, so the formula is clear now.
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Anyhow, I went to the show last November, joined the game (which for a newbe I would recommend) and have been doing a little trading live with FF (expensive, but best place to start) and solo via Commsec (cheap but easy to get into trouble especially via margin loan).
I think the above quote from Peter Spann is really spot on, not that I'm anywhere near qualified to comment of course.
My objective is just some additional income to assist with holding my few remaining properties by using some equity in those properties to help generate the income. This is income that once come via NavraIvest, but that space is just no longer adequate.
Have you bailed from NavraInvest?
Retail Fund now around 77c
Down to about 25% of what I once held
...and all for no fees
One of the reasons I am against funds is most don't obey the first two rules of investing
Rule 1. never lose money
Rule 2. never forget rule 1.
Is that a "sell all" when price crosses below 200 period average, then "buy all" when crosses going up ? Or do you adjust the quantity bought/sold relative to the distance from the average (bit like NI I suppose) Not asking for your secrets, just curious.Whereas, using a simple moving average of around 200 days for entries and exits on the asx accumulation index tracker STW,
a return of ~24% pa could have been achieved in the period of the Navra retail fund.
Rule 1. never lose money
Rule 2. never forget rule 1.
Whereas, using a simple moving average of around 200 days for entries and exits on the asx accumulation index tracker STW, a return of ~24% pa could have been achieved in the period of the Navra retail fund.
With most downside risk eliminated, one could have used a 70% margin loan with more confidence, and got a ~35%pa return......and all for no fees.
lol I'd say that's all it takes.Once the analogy is done, then 10 minutes to skirt around the strategy for those who want to do it on their own......with fuzzy incomplete sound bites of the downside risk and capital preservation.
Have you bailed from NavraInvest?
Retail Fund now around 77c
Thanks for the heads up, never crossed by mind....
Is that a "sell all" when price crosses below 200 period average, then "buy all" when crosses going up ? Or do you adjust the quantity bought/sold relative to the distance from the average (bit like NI I suppose) Not asking for your secrets, just curious.
And most other funds got more than that too! NI was playing "safe"
WW as much as I'm a critic of many of fund managers, it's not that simplistic or easy.
Think you can slap a couple MAs on a chart and buy & sell never making a loss?
Please try it for yourself and see.
Though I am of the opinion that a couple EMAs can be very useful and one of my fav tools.
lol I'd say that's all it takes.
I've seen much simpler strategies get blank looks from a room of ~100 people.
And after an hour of repeating, still no clue.
You either get it or you don't.
If you don't, then I'd say it does'nt fit your paradigm which means you have to put some time into it.
Or get someone else to do it for you, which in the funds industry means they have all the upside potential and your left with the downside.
And it must be noted that simple does not mean easy to execute.
What happened to the navra invest fund? I remember they went fully cash not far from the bottom. I thought that was a bit dumb at the time. Did they get back into the market at the right time, or did they stuff up?
I recommend a 50% margin, (Aggressive Category will go higher)
The volatility will be much higher at times of chaos, which makes for greater distributions.
I expect the distributions to be 10% at the low end and 18% at the high end as per normal long term volatility. 10% to 14% should be the norm.
Financial year 2001/2 is a good example of DCT working well:
Market decline = -6.7%
DCT = 24.25% (17%+ distribution and 7%+ unrealized gain.)
On the contrary, when the index goes down, we will be looking fantastic!
Dear Bill.L,
Can you please explain to all of us why the best annual results I have achieved in shares have been in 1987 and in 2001?