Greyinvestor
24 Jul 2015
April article on MYI and others... [link]
Oenos
23 Jul 2015
Re: First purchase
Greyinvestor
22 Jul 2015
First purchase I've made a modest first purchase of these today, at £9.12. To my mind this is a bet on emerging market high yielders. The manager has chased them because he is paying out 5% in divis (and earning slightly less).If you want to see how emerging market high yielders are doing, plot MYI against JEMI and SEDY. You'll get the picture. Capital performance of emerging market stocks has been poor, because of money repatriating to the UK and the USA, which also leads to currency depreciation.The manager has done poorly because of the macro call. He's made that call because of the lack of high yielders in the UK and the USA.I would argue that the best comparative share is HFEL. And guess what; he's matched it. He's neither a hero, nor a villain.So if you are prepared to take emerging market risk, buy. If you're not, sell.But DYOR. Good luck.
forddrive
20 Jul 2015
MYI I have written to the Chairman saying that, in my opinion, it is time to find another investment manager. I say this reluctantly because Mr Stout has done well in the past. But his recent underperformance has now been going on too long.
allthatglistens
16 Jul 2015
Re: MYI American emerging equities are supposed to represent 25% of MINT investments. I suspect that that figure is considerably higher as a % of income. With the fall in value of these currencies I am surprised that one of the Trust sector brokers has not carried out research into the effect of this fall on MINT's dividend.
forddrive
14 Jul 2015
Re: MYI It is probably right to fire him, despite his previous good performance.
Lupo di mare
14 Jul 2015
Re: MYI I'd say that Stout has definitely "lost the plot". For far too many years he's been complaining about global debt while more astute managers have been making quick gains. Certainly be cautious, but that shouldn't have stopped him doing some trading. What has he been doing? He's paid to make money for us, not sit on his hands and await a possible global meltdown and then say, "see, I warned you" - umpteen years ago."Pride..fall..emperor...clothes. Usual thing when managers believe their own publicity" - about right, atg.
forddrive
03 Jul 2015
Re: MYI OK - but I am interested in longer periods of time. MYI still has good performance over 10-12 years, but has fallen off markedly in the past 2-3 years. I would not touch Alliance with a bargepole - my best IT is Mercantile who have done particularly well recently.
allthatglistens
03 Jul 2015
Re: MYI see my post below
forddrive
03 Jul 2015
MYI Any comments on my observations about their recent performance? Thank you.
forddrive
24 Jun 2015
MYI We are very long term holders. Over a really long period (10-15 years) their performance is still good. However the relative weakness has now been going on for 2-3 years. Has Mr Stout lost the plot? Thank you for your views.
forddrive
19 Jun 2015
MYI Well a lot depends of course on the time frame over which performance is measured. We have held 4 ITs over 12-15 years - MYI used to be near the top, but is now average after 3-4 years of relatively poor performance. It is still better than Alliance, which we sold some time ago! The winner in our group (British Empire, Personal Assets and Mercantile) is clearly Mercantile - they have performed really well over the past 2-3 years in particular - though they were only average before that. I hope that this helps!
devonplay
19 Jun 2015
Re: The Manager F1,Will. Just added it to my watch ticker.DL
Fabius1
18 Jun 2015
Re: The Manager DLYou may have noticed that we are in a mother of wedge on the weekly so keep an eye on the support @ 973, just in case.F1
devonplay
18 Jun 2015
Re: The Manager Hi Fabius, I agree.Adding an element of contrarian thinking doesn't go a miss..as someone once said "if you don't have any red in your portfolio, you aren't really diversified."I'm happy to cover my contrarian needs with a top up of MYI and TMPL.Mind I've also recently added GSK, HBSA and JEMI...and I'm watching BRWM and PEY. If nothing else works this month, or I can't stand the volatility, IAPD and IDVY are my places to dump cash and UKID if the wheels fall off.Happy hunting and investing, I'm sure Bruce will come good in the long term.DL
