Comments for Harry Clarke http://www.harryrclarke.com On economics, politics & other things Thu, 27 Apr 2017 02:28:26 +0000 hourly 1 https://wordpress.org/?v=4.7.4 Comment on Advising investors not to believe in active investment strategies by I am and will always be Not Trampis http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457557 Thu, 27 Apr 2017 02:28:26 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457557 Commo not a bit of it. They get paid well when they best the market and reimburse when the market beats them.

Still wearing those safari suits FXH

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Comment on Advising investors not to believe in active investment strategies by Henry Haszler http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457556 Wed, 26 Apr 2017 22:46:37 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457556 Ahhhhhhh. Oh what beautiful words these are: information, disclosure and transparency.

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Comment on Advising investors not to believe in active investment strategies by hc http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457555 Wed, 26 Apr 2017 08:44:10 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457555 Some are nbot nice guys FXH. They swindle their clients. I have no factored this into the rough numbers I provide above.

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Comment on Advising investors not to believe in active investment strategies by fxh http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457554 Wed, 26 Apr 2017 08:13:11 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457554 ha Homer – you old Commo.

I had some acquaintances who were “Financial Advisors”.. What they knew about finance or markets could be written on a yellow post it note – and it was wrong. The lurk was/is the trailing commissions. Once you had someone hooked it was $5,000 – $10,000 a year per customer forever. Without any work. At all.

All they did was refer people to a few packages offered by big players. For a hefty up front commission and a perennial trailing commission. Both couples I knew who had their own small business advising have since moved into bigger more expensive houses, kids in private schools, and more expensive cars and have semi retired. Why not. The $$ come in forever with no work. They weren’t nasty people in person, or even in general, in fact without knowing what they did I would say they were good people to be with, but ethically I couldn’t stand to be with them. I never see them now.

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Comment on Advising investors not to believe in active investment strategies by I am and will always be Not Trampis http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457524 Tue, 25 Apr 2017 08:38:41 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457524 They are thieves and will always be thieves until they reimburse monies when the market tanks

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Comment on Advising investors not to believe in active investment strategies by hc http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457469 Mon, 24 Apr 2017 07:00:50 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457469 I agree with you Henry. The costs I cite in the post are at the lower end of what is charged. The sharpies take most of any gains and bear no risks.

In the example you cite the advisors are thieves.

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Comment on Advising investors not to believe in active investment strategies by Henry Haszler http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457458 Mon, 24 Apr 2017 01:22:16 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457458 On the issue of gouging fees, my wife and I looked into SMS funds — we decided against — and in the process consulted (first visit free) the Greensborough office of a national firm of investment advisors/managers. From memory this mob base their portfolio recommendations around 10, or was it 20, stocks and are linked to a much larger operation relying on the latter’s expertise. As the spiel progressed I asked about the fees.

The consultants went through what was a complete B/S exercise saying the fees all depended on the specifics. Fair enough but they should have been able to make a guess in relation to a balanced investment.If not they must be incompetent. Anyway the senior guy eventually sent his subordinate out to look it up and while we waited continued his spiel.

Bottom line, the fee was eventually and seemingly reluctantly quoted as 1.6% of the portfolio value. That’s $16,000 pa on a notional portfolio worth $1 million. These guys must have Armani and Porsche and perhaps other expensive habits to feed.

I haven’t read the books Harry cites but seriously if the pros working full time can’t beat the index, what chance a part time mug investor? We have stuck to good stocks and with the help of the CBA things have been OK.

As an aside, I know the banks have a lousy reputation, especially the CBA. But my advice is “don’t get angry at the banks and their fees, just buy their shares”.

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Comment on Advising investors not to believe in active investment strategies by I am and will always be Not Trampis http://www.harryrclarke.com/2017/04/23/advising-investors-not-to-believe-in-active-investment-strategies/comment-page-1/#comment-8079568148290457421 Sun, 23 Apr 2017 05:22:22 +0000 http://www.harryrclarke.com/?p=7217#comment-8079568148290457421 I have always been amused that advisors and managed funds for that matter never give back money if they lose money over a period

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