NavraInvest Article.....

[Alan H]

I see that the Share Fund(NavraInvest Blue Chip Fund) of Forum Member Steve Navra gets a mention on P.53 of todays Sydney Morning Herald.

Article is entitled 'Boutique manager puts squeeze on fees' and is part of an overall story that discusses how managed funds should have prices matching their performance.

Great to hear another forum member success story...................

 

[D.T.]

Hi Alan,

An analogy that Steve told me which I found amusing in regards to how most managed funds charged -

Its like walking up to the shelf stacking guy in Coles and asking him where XYZ Product is, and him pointing it out to you and getting 4% of the commission, whether the product was actually there or not.

Hehe

-Cheers

Dave

 

[Alan H]

Originally posted by dtraeger2k
Hi Alan,

An analogy that Steve told me which I found amusing in regards to how most managed funds charged -

Its like walking up to the shelf stacking guy in Coles and asking him where XYZ Product is, and him pointing it out to you and getting 4% of the commission, whether the product was actually there or not.

Hehe

-Cheers

Dave

Hi Dave.

Yes, there are obviously a number of different types of share investors out there.

1. Those that neither have the time or the inclination to look for the.......*if you don't mind *....... WOOLWORTHS product ..... and are happy to pay the stacking guy a fee to help them find the product regardless of the result.

2. Those that neither have the time or the inclination to look for the product and are happy to pay the stacking guy a reasonable fee if and only if the product is found.

3. Those that intend to shop at the store regularly in the future and therefore initially take the time and effort to find the products themselves as you can't always guarantee a stacking guy will be available to tell you where things are......

4. Those that look for the product themselves simply because they enjoy shopping??

5. The 'speculative' who race to the baked beans section and try and buy as many tins as possible because the stacking guy tells him they're about to double in price.

6. The 'confused' who race to pay twice the current price for the baked beans becuase they've doubled in price!

7. The 'contrarian' who buys the tins of baked beans while on special and then offers to sell them at twice the price.....

Think of some others guys??

 

[silverghost]

I would like to see this article. Can anyone copy / cut and paste it to here? (you have to subscribe to it on the SMH website!)
SG

 

[Garry K]

Alan, great work.

What about:

The true speculator - hears a rumor that ABC baked beans have been found to have viagra like effects, so rushes around town buying up all the ABC baked beans he can find, so that he can sell them later at a profit.

The mind changer - buys the cheap baked beans, only to find they're not that great, and after eating half, wants all his money back.

The sucker - whilst on his way to the baked beans counter, passes a product promo for tinned spaghetti - which are "as seen on TV". Can't resist and spends all the cash on spaghetti, only to realise later he doesn't actually like spaghetti.



GarryK

 

[paulzag]

Tinned spaghetti is proof there is a devil. And he has a sense of humour when it comes to Anglo's.

I'll have to dig up the article somewhere. Actually I've asked Steve to add a media release and article section to the website. Many tech companies do it. If you think it's a good idea, you know who to ask

Regards

Paulzag
Dreamspinner

 

[Alan H]

Originally posted by silverghost
I would like to see this article. Can anyone copy / cut and paste it to here? (you have to subscribe to it on the SMH website!)
SG

Sorry SG. I don't have an SMH account and unfortunately I didn't keep a copy of the paper.