View Full Version : Global investments
voltage
08-08-2009, 05:41 PM
My broker suggests to move away from trusts for global investments and focus on investing directly in a small number of large global companies like Johnson and Johnson, apple etc. Is this a good strategy?
OldRider
08-08-2009, 06:21 PM
Care to say which trusts you are presently invested into?
Though an increased overseas proportion for one's investments does have an appeal at the moment. I tried the suggested strategy myself some time ago, didn't work for me.
My idea is that a substantial portfolio is required before it might be worthwhile, otherwise costs and administration become a hassle.
I have been using British lic's for my foreign investments, and enjoyed good returns. Several have NZX listing. More recently have shifted some funds to a small number of Australian based companies which are selling well under NAV, whilst most of the British investrments are close to NAV, in the expectation of a greater return as the gap between shareprice & NAV narrows
voltage
08-08-2009, 08:52 PM
Thanks I use UK investment trusts.
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