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Investment Discussion, Mutual Fund Facts About Individual Stocks
nipper
post Posted: Jul 18 2020, 09:31 AM
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somewhere to put it.

A successful International fund has quite a view on where to put money:

QUOTE
The top performing international equities value fund was the Aoris International Fund which is run by managing director and chief investment officer Stephen Arnold, who previously ran the Evans and Partners International Fund for six and a half years until 2017.

Aoris International Fund holds a portfolio of about 15 stocks, each of which, Arnold says, have a considerable breadth or internal diversification. The fund aims to generate returns of 8 to 12 per cent per annum over a market cycle. In fact since inception it has generated a return of 22 per cent per annum.

Arnold sums up his investment philosophy in two words; specialisation and simplicity.

He refuses to own financials because banks and insurance companies are inherently highly financially geared, cyclical, regulated and opaque. He says over the cycle returns on capital are very poor.

Aoris does not own energy and mining companies because they are inherently cyclical businesses and their products are undifferentiated. Arnold says executives of these businesses are not good at reading the cycles in their own industry which is why there are so many large, value destroying acquisitions at commodity price peaks. Once again returns on capital are poor.

Aoris will not own utilities stocks because these are capital intensive businesses where the price you can charge is regulated by the government, and competition and supply is heavily influenced by government policy. They typically earn low returns on assets and apply a great deal of financial leverage in an attempt to engineer an acceptable return on equity, not always successfully Arnold says.

Finally, he will not own telecommunications company because they are highly regulated in terms of spectrum access and licence to operate, and the service to the end user is largely undifferentiated across providers.

Aoris also refuses to buy much of the technology sector and regulated parts of the health care sector such as pharmaceuticals and biotechnology stocks.

The top 10 shares in the Aoris portfolio at the end of November were: Accenture, Amphenol, CDW, Cintas, Compass, Experian, Graco, LOreal, LVMH, Nordson.


bit old (December 2019); I wonder how the Covid collapse (and Tech surge) has impacted the selection. A cycle, always a cycle. ... nothing is bullet proof and locked in



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
capitalboosters
post Posted: Jun 9 2015, 07:51 PM
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In Reply To: capitalboosters's post @ Jun 2 2015, 08:58 PM

64% of traders recommend buying Gold.
http://capitalboosters.com

 
capitalboosters
post Posted: Jun 2 2015, 08:58 PM
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In Reply To: capitalboosters's post @ May 26 2015, 07:54 PM

59% of users recommended to buy Silver.
http://capitalboosters.com/


 
capitalboosters
post Posted: May 26 2015, 07:54 PM
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In Reply To: capitalboosters's post @ May 18 2015, 10:06 PM

Today 50% of traders recommended to buy Naturalgas

Best Commodity tips

 
capitalboosters
post Posted: May 18 2015, 10:06 PM
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In Reply To: capitalboosters's post @ May 12 2015, 10:29 PM

61% of traders recommend to buy Silver.

 
capitalboosters
post Posted: May 12 2015, 10:29 PM
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In Reply To: capitalboosters's post @ May 6 2015, 09:43 PM

62% of users recommend buying Gold.

 

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capitalboosters
post Posted: May 6 2015, 09:43 PM
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In Reply To: capitalboosters's post @ May 5 2015, 10:19 PM

78% of users recommend buying Natural gas.

 
capitalboosters
post Posted: May 5 2015, 10:19 PM
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In Reply To: triage's post @ Nov 15 2014, 06:44 AM

82% of traders recommended to buy Cotton.

 
triage
post Posted: Nov 15 2014, 06:44 AM
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In Reply To: mistagear's post @ Nov 14 2014, 02:27 PM

mista

I think your go at wren is a tad harsh but anyway it's said now.

Here's what appears to be a currency trading scam that has cost punters about $1b to learn that there are few easy ways up the mountain.

QUOTE
The site said investors had averaged net gains of 1 percent each trading day during the past five years.


Sounds mightily attractive. But now it's all gone ....

http://www.bloomberg.com/news/2014-11-13/f...campaign=buffer

I see that the site was using an Australian bank account as one place people were to forward funds to. Good to know that our regulatory bodies like Austrak and FIRB are all over the lawfulness of foreigners sending buckets loads of cash into Australia.

I hope that none of the ss regulars have been caught out here.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
wren
post Posted: Nov 14 2014, 03:07 PM
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In Reply To: mistagear's post @ Nov 14 2014, 02:27 PM

Reckon you are getting a bit overexcited mista.I don't expect anyone to buy anything,and as for ramping a stock like this which has minimal liquidity…doesn't make sense.
Over the years on SSc I have occasionally mentioned stocks which may be of interest to SMSF. One example was pointing out that some Hybrids were seriously good value (imo) a few years ago.As for trying to get my post at the top of the list….if one wanted to ramp a stock SSc is hardly the place:there are decreasing numbers of viewers and even less posters who have anything of interest to say.Today is a good example.

And that,as they say is all from him.


Said 'Thanks' for this post: nipper  
 
 


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