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To achieve an above average dividend yield, with long term growth in dividends and capital ahead of inflation, by investing principally in global equities.
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Thank you Chazzy 2. Unfortunately if I go into cash now I would have to realise a significant loss. Is it better to take a 3 to 5 year view and hang in?. The fund managers are laying the problem on strong Sterling in their interim results. Do they not hedge?. Still thinking but I think I have left it too late.
MYI invests in companies all around the world, and markets globally are falling at present because of falling commodity prices, and a slowing Chinese economy which has such an impact on other major economies. I can see this falling at least another 10% over the next few weeks. Put your money in cash for now and wait for the market to stabilise.
What is wrong with this investment?. Is it in total "freefall"?. Any opinions?.
Driftking. I have just returned full of festive cheer !!!!!! I felt some time ago that this fund is very vulnerable to market corrections and the manager appears to be rigid in his thinking. Going forward I have lost faith here. Of course I may be wrong but at your entry point you will be able to weather most storms. Be careful with AIM stocks. I personally have been involved in two and managed to get out with my shirt. You really need to have an inside track. I bought a large amount of the boring unilever some five years ago and my paper profit covers all my losses to date. If there is any lesson here is that good companies with good products that people buy worldwide will not let you down in the long run. AMC will make you money but in a timeframe of 5 years you must be very alert to downward pressure and hang on in when it looks like liquidation/dilutiion. Happy Christmas and however correct your postings may appear to be join me and soften. ALTB.
Sorry to hear you decided you had to sell Murray International at a loss. I still hold, and will do until...god know when! I bought some Rolls this week, and also am now awaiting the license approval for a mine that Amur Minerals ( AMC ) owns in Russia. Putin met the CEO 2 weeks ago...has gone on too long ( 5yrs ), come on Putin put pen to paper..! Merry Xmas
Driftking Sold my entire holding at a loss and reinvested for long term in RR.L. At 780 you have nothing to worry about barring a total market collapse. GL.
Meant to say that NIKKEI 225 has gained 40% since last year at least.
Hi Coaster, as I now have this fund in overweight territory ( 1950 shares average over two tranches is ...780p ), will wait and see where we sit come January after dividend time and split hopefully in half.. My worst one Templeton Emerging Markets is still a weird one with NIKKEI gaining like 40&. In time since last year, but SP is still dwindling down to 580p, though has a lot to do with YEN v USA & GBP...
Where do we see Murray International going now. I see this going possibly as high as 1150p by December. We will see. Its all about the strength of the pound with this one. I'm still in from 960p. My next buy this wEEk is going to buy more RIO ( 7% bounceis possible ).
Is there a better time to buy funds over trusts? I have my own views, just wandering what others as I have my eye on both Threadneedles Global Equity Income (RET) & Newton Asian Income fund. Thanks Scott
I expect to hear this March .
When does he speak out regarding his trust? Scott P.S On a 6mth moving average, 820p looks to show slit of support with buying....
I hope we are near the bottom but I doubt it. I will wait to see what Mr.Stout has to say in the coming weeks !!!!
Someone likes Murray International enough today( maybe he saw my take on a bounce about to take affect...lol Someone just bought 92500 ( yes ), 92500 shares at 983p.. today which is a late trade and will register tomorrow as a ruse in SP! I say tomorrow up 1.75%
Look at 954p to bounce! That's all I can add to this topic for the time being... Do not sell these, these will come good in due course...:-) Iv just added a small amount this afternoon... Scott
immediate relief coming here. The sentiment here has definitely changed and I am waiting to here what the manager has to say before taking the loss or not. Long term no problem will bounce back.
Hi Catcher, Murray went ex_div on 9/1/14. So I suppose the sp will see a lot of volatility until after payment date sometime in March. Unsure if you had time to read the FT paper last week, when nasty 'GOLDMAN SACHS' said in a letter to investors that they foresee a 10% drop in markets due to bad Q4 results. They got the latter part right, unsure if they have the drop right? I sold my VODAFONE shares 23rd Dec as I don't want the Verizon shares as part of the deal. I'm trying now to see if I can see if I can get more Murray International & maybe Newton Asian Income fund / Threadneedle Global Equity Inc. My dad & I, invested in a edwardian flat in Sydenham, SE London. Going to be doing some work over the next 4/5 months down there. Can't wait to get started... Enjoy your week Scott
Thanks for the info. Thanks for the links too. Took a position here today, so let's see how we get on. Looks a decent enough IT with a decent yield too. Looks like it's not too far away from NAV - having predominantly traded at a premium for quite some time.
I believe the drop is due to release of moer shares in MYI.L. I believe that is what TRUSTS do, as they are not allowed to get loans like FUNDS are? I would say if you want to buy moer, which i would, would be to predict that the reduction in QE from the FEDS will not have a knock effect on the SP come July/August. That is if the continued growth in US continues to bring surprises... my only concern ifs the affect on the currencies in regards to the trust, and that has been one of the laggards here... http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITMYI&univ=T
Hi Cacher, My broker at S&J have said that this fund is going to outperform the indices if the markets go down, and underperform ( which it has done for some time since the bull run started again ) if the markets continue to go up. Mr Stout is very conservative in his approach to the markets and thus has arranged his stocks accordingly. I have found this site. Brilliant foryou and as I thought, that Mr Stout would contnue to grow his fund with more risk to emerging stocks... http://uk.bannronn.com/stocks/trend-analysis.php?symbol=MYI.L
Quite a significant drop over recent months. What has prompted this? Seems a reasonable time to get in?
http://tools.morningstar.co.uk/uk/cefreport/default.aspx?SecurityToken=E0GBR00V37]2]0]FCGBR$$ALL 6.6% premium
Driftking of course you are right. I went a bit crazy that day. I mistakenly believed the share would continue to appreciate and I further compounded the problem by buying 35K worth at one go. I don't usually invest in such a manner. However spilt milk and all that I am no looking for a way to limit the damage as I cannot see this getting back to 1200 plus anytime soon. One should always remember the very distinct difference between a risk and a gamble, I am guilty of forgetting same last March. ATB
Hi Coaster, I wonder what prompted you to put £30k+ on share that was trading at premium? You should spread your risk with investments...you probably know that, and what you did soundz like you were making one heck of a gamble last year?
Many thanks for your reply and the other useful information concerning MYI. With MYI I am currently sitting on a paper loss of 7K. It is my worst performing investment. I do not need to sell but of course with a holding of 3k plus shares I do not want the SP to descend into the the 8-9 pound per share range as the future for this fund is looking a bit rocky taking all the possible scenarios into account. One can never predict and I will hang on for the moment and see what the Summer brings. Would be interested to hear any comments your broker may have in this regard. Once again many thanks and ATB.