RE: TIME FOR MIKE KERLEY TO JUSTIFY HIMSELF16 Nov 2022 20:02
dam
''given the poor total return performance of the fund. ''
We have had many years in a low inflation low interest rate environment. That has changed meaning that cash can now make a decent risk free return, which gives an alternative place to invest/keep money.
We have also had a pandemic with China locking down whole cities with their zero covid policy.
In anticipation of the effects of an increasing rates environment, I had purposely drip fed investments into HFEL.
I am confident that I personally will do well over the years with my HFEL purchases