Learning lessons

[kevinchess1]

Maybe the lesson for us as a club, at this point, is to avoid the FTSE all-share for the moment and stick with the FTSE250 or even just the FTSE100.

I hesitate to say this especially as I am on the way out. But this is what I was suggesting a year ago.

Yes
But Ric feeling were the exact opposite of this
Of the share Richard mentioned that are doing really well
How many of them are in the FTSE100?

[BeautifulSunshine]

Your point is why I think setting up a separate fund, for those members wanting to put their own money up and purchasing more risky type investments, would work better for us as a Club. Then those members wanting to can play those kind of stocks as they wish and it not affect the current fund etc...

A new fund would increase our frequency of trades and consequently at some point reduce our trading fees. This would have a direct positive impact on both our core cashback fund and any other funds we build up over time.

[kevinchess1]

I'm far from convince of the need for a '2nd' fund
We barely have enough money in our current one
I would argue against it and I don't believe I would ever contribute to it
It takes us away from the very Ethios of the club
It's probably a 'No' from me

[garindan]

I'm far from convince of the need for a '2nd' fund
We barely have enough money in our current one
I would argue against it and I don't believe I would ever contribute to it
It takes us away from the very Ethios of the club
It's probably a 'No' from me

I agree with the thrust of your concerns. If there was to be a new fund it would not be funded by cashback but by members own money from their bank. It would also not be connected to the current fund, so we would have a different unit value per fund and so forth. Essentially it would be an extension of the Club to increase appeal, breadth and choice for members if they wanted to partake. If you didn't want to then you could stick to the primary fund, which is currently in play.

The very last thing we need is for another fund to take away from the current fund and its ethos. We'd have to think very carefully how that could be achieved in practice if we explore it further. If it is not possible to do without breaking our whole concept then we simply should not do it. Having more scope to please different types of members would be helpful though, certainly in keeping with your correct interpretation of the scenarios affecting Ric and williamjoseph.

[garindan]

Of the share Richard mentioned that are doing really well
How many of them are in the FTSE100?

Winners:

IAG and Taylor Wimpey are both FTSE100
Mitie, Berkeley and Inmarsat are all FTSE250
Costain is a FTSE All Share.

Losers:

Vodafone is FTSE100
Carillion, Greene King and Petrofac are FTSE250
NCC is a FTSE All Share.

It is pretty even from that breakdown. It is more about BREXIT fluctuations I think for IAG and Taylor Wimpey. There are no big winners or losers in the remaining FTSE100 or FTSE250 in the list above. The All share ones are the higher risk and the fluctuations are perhaps larger, BREXIT aside.