Do they thou?
BRM have outperformed KFL over the last 1y, 3y and 5 yrs.
BRM is the king of the fisher funds listed stocks
Printable View
if your into kfl or any of them really your just playing the index performance for your returns mostly. they did well when index going up but are caught short when they go down sometime's badly eg marlin
like most of there funds in my eye's just index designed requiring little skill from manager's but designed to generate big fee's for the owners.
really should buy these type of fund's when index is in uptrend avoid when index going down
so right now its the best possible time to buy :t_up:
Your knowledge of KFL is very limited to Ultra low interest rate times ...It had 10-12% premium to NAV only once when bank rates were 0 ...never before in its 19 years history ...always been on small discount to NAV rising to bigger discount when well in the money warrants get exercised .
I hold KFL since 2010 and thus know its performance and nature pretty closely ...it had been my main source of retirement income ...but when it went to 10% premium to NAV I got out knowing fully well that it cant last and its an aberration ...made my own portfolio instead of going fully cash , which I regret as cash wud have outperformed handsomely ...but thats history ...now when it came back to normal times I am back into it big time .
Bull's views about retirement people stocks is like Rugby player trying cricket ...lol
Your time horizon about market is very skewed towards tomorrow not next year even thus u keep trying to pick the bottom which normal and lesser mortals like us cant dream off...U r good in your job ...but KFL surely is not your forte mate ...pardon my honesty ...lol
At present if u looking for yield for long term keeps not sell in 7 days ...then KFL offers 8% cushion to Index fall ...means I am buying the market 8% lower ...which is the maximum it can fall ...but I do understand your view that if market goes down 8% then KFL SP may fall 10% ....but as I am in for super long term or till it comes to premium to NAV which maybe never then to me it doesn't matter as my yield is based on NAV and not SP ...thus 8% Cushion works for me