Well. Shut my mouth! There's no way I can beat that. That's an excellent achievement Percy.
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I thought a ponzi scheme was where they used capital to pay 'dividends'.
No. A ponzi scheme is where new investors deposits are used to pay preceding contributors. As for BRM, I can't see anything inherently wrong with the way they are doing this, as long as people buying into the fund understand what is happening, and how it works. Just for the record, I only own MLN, not BRM.
Fund seems on fire ...NAV over 72 cents
Good stock selection ......but probably just the weaker NZD
Discount still pretty high still
You guys not closing that discount to NAV
I see Ramsay Health in their Top 5
Retail Food Group and CSG dropped out the last two weeks.
They selling down some of these?
I attended a Fisher Funds roadshow in Invercargill this morning and have to say it was very entertaining. Carmel Fisher wore spiked heels and a cloak/dress so short Mary Quant would have blushed. She had a staff member Alysse dressed in a micro-skirt and walking confidently on six inch transparent heels. Talk about sex on a stick. :D
I have no idea what they talked about
NO Wait -
LOL ok the whole show was very well done. They did an "Its In The Bag" presentation which worked very well. I've never met Carmel before and must say she was refreshingly normal, almost like the girl in the local corner shop. Quite different to the sober serious presentations we normally see.
I'm not convinced that Fisher Funds are living up to their early promises but I give them credit for sincerity. And entertainment.
They put on a nice buffet lunch at the agm.