Tattie's right you know. There isn't a fund that outperforms the market. The annual percentage management fee compounds. In many jurisdictions, funds are obliged to invest portions of the capital in low-yielding approved assets. Rachel From Accounts wants to force funds to invest in minus-yielding ESG assets as well.
In most jobs you can't salary-negotiate your way out of the compulsory company pension/provident scheme, and get the employer contribution paid directly to you. There is going to be a fund manager somewhere leeching away at your assets. Fund managers provide no positive value, only negative value. The only legal kind of fund should be an index fund, with management fees capped at one half of one per cent.
That there is a crash coming is a different contention. Even with nations of people living paycheck to paycheck, private savings whether voluntary or forced have to go somewhere. The volume of private savings keeps increasing, exponentially higher than inflation. Money just keeps on pouring into market assets, from bourses to property to private equity to crypto. Ergo the FTSE Dow and Nasdaq, housing prices, and look what's happening to Bitcoin. For that to reverse would take a huge economic collapse, where savers are forced to cash in. Fund managers may not like Trump's tariffs, but where the heck else are they going to put the money?
Monbiot has a platform via the Graun and some sort of reputation as a serious public intellectual so is worth your time challenging and debunking. Murphy? Not so much.
Tattie's right you know. There isn't a fund that outperforms the market. The annual percentage management fee compounds. In many jurisdictions, funds are obliged to invest portions of the capital in low-yielding approved assets. Rachel From Accounts wants to force funds to invest in minus-yielding ESG assets as well.
In most jobs you can't salary-negotiate your way out of the compulsory company pension/provident scheme, and get the employer contribution paid directly to you. There is going to be a fund manager somewhere leeching away at your assets. Fund managers provide no positive value, only negative value. The only legal kind of fund should be an index fund, with management fees capped at one half of one per cent.
That there is a crash coming is a different contention. Even with nations of people living paycheck to paycheck, private savings whether voluntary or forced have to go somewhere. The volume of private savings keeps increasing, exponentially higher than inflation. Money just keeps on pouring into market assets, from bourses to property to private equity to crypto. Ergo the FTSE Dow and Nasdaq, housing prices, and look what's happening to Bitcoin. For that to reverse would take a huge economic collapse, where savers are forced to cash in. Fund managers may not like Trump's tariffs, but where the heck else are they going to put the money?
He’s a moron. Best ignored rather than amplified.
Monbiot has a platform via the Graun and some sort of reputation as a serious public intellectual so is worth your time challenging and debunking. Murphy? Not so much.
Tim and Tattie are each other's raison d'être. You could write a sweet short story about them and the day they reconciled.
Well, yes, but I enjoy it. So there is that.
That is obvious!!