dead right upside....when the penny drops watch out below.....
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dead right upside....when the penny drops watch out below.....
I went to a Fisher Funds roadshow recently and their track record is very good. BUT they have not had to perform in a bear market yet. It will be interesting to see how they go over the next 3 to 5 years.
Discl. Have a few Marlin Fund.
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Hommel
.............Not quite right Hommel...The NZ Growth Fund was started around 1998. Almost from the start Carmel's was one of the very few funds to make a profit and was frequently rated the top fund. She started that fund with 15 mill invested by her former employers a large funds management company. My main reservation is that the growth of her organisation may lessen her personal influence and flexibility in the actual hands on part of the business. I invested in 1998 and have since invested in each of her enterprises.
Well done Baxter - I wish I had have done the same! I reckon I would have been at least 100k better off than what I am now by my "back of the envelope" calcs.
LOL ... the numbers speak for themselves. MLN, BRM and KFL.
Market turned really sour on marlin today ..... 78 cents for a $1.00 invested not that long ago ..... even with the warrants not good
Must have started investing some of that dosh for the NAV to go down .... didn't take too long did it
What is Fishers' competitive advantage investing beyond NZ? None, it seems.
Barramundi shows that they cannot even make it in Australia. BRM is trading at 90 cents compared to the Australian market which has gone up over 20% over the same period. And investors are paying plenty of fees for Fishers to turn $1.00 into 90 cents in BRM.
Marlin at 79 cents? The market is saying -'you ain't seen nothing yet. 50 cents is where it will go when they actually start investing.'
Have you really checked out Fishers' track record? A fund she ran in the 90s dropped over 50% in 1 year.
Yes, 50% (repeat - it's not a misprint).