Managed Funds Navra performance on recent market drop

Hey Steve, does that mean you'll never be able to show us your face? Surely some dentists must be good looking!

 

I suppose by the law of averages that there must be some good-looking dentists out there - I just don't include myself amongst them (although my wife might be the best to answer this!)

Cheers,

Steve P

 

Hey Steve,

Discount to Navra clients????

Bob

 

If anything, it would be a discount to InvestEd members, however, remember the golden rule:

Never look for bargains in parachutes or health care!

Steve P

 

HA HA....I haven't heard that one. Did you just make it up?? It's OK Steve I'm with Defence and get my teeth done for free.

Bob

 

This may be of interest:
First Capital Securities

 

Should be another good day for the fund.
With the market drop, then slight recovery - then another drop about to happen - this volatility is exactly what the Navra funds have been waiting for.
Finally !!

 

Another drop about to happen? Have you been looking at the foreign markets overnight again? Are we due a pull-back today??

Cheers,
Michael.

 

Phew! I was worried the ASX was going to bounce straight back to 6000 and not take a breath. I'm not back in yet and the Navra application price is back to the redemption price where I sold out. A 2% pull-back on the All Ords would be just the ticket to allow me to get back in now with my new financial structure and ML rate.

And a quick peak shows the ASX opening 100 points down! Thank you-know-who for that!!

Cheers,
Michael.

 

He's not dead, just resting

So all you market pros, is the cat dead or just wobbling a little ?

 

I'm in the process of buying more managed funds and as always they take a few days + to buy and settle so this 2% drop is pretty well timed for me also I think?. Buying funds is so hit and miss with the lag times!

MJK

 

Too right, more so with margin lenders involved, good luck !

 

Yes, a wee oversight in my well laid plans...

I just spoke to NFS and am meeting them tomorrow to fill out the new application form. I thought it was a simple case of cheque before 2pm today means I get today's close price for example, but apparently given its a trust it can take weeks to get approval from the margin lender. So, meet NFS tomorrow and start the ball rolling. Lets hope the US real estate bubble bursts and they have a real liquidity issue that sees the Dow drop by 20% over the next 3-4 months. Now that's the sort of correction I'm looking for! ...

... but I'll accept the ASX holding at or around 5800 for a few weeks.

Cheers,
Michael.

 

Now you're talking

 

Michael , watch the asx200 go down to around 5400 before bouncing off the 200 dma. Around 11500 for Dow....

 

".....is the cat dead or just wobbling a little ?"
MrDarcy,

I would say that we are still in the wobbling mode.
It's not easy to kill a cat...

 

Hi guys,

Funny how the market has a habit of repeating itself. This thread was started when the market pulled back around 6000. We've now tested 6400 and are pulling back a bit again. But its still all in a days work for the ASX. The attached graph shows the impact on my Navra holdings and their return for the June quarter. The little dip at the end is the impact of the 100 point drop this morning. The Navra close is a calculated fiure and I think it will actually show above the index when Navra post their close price. Either way, it still means they're well up for the quarter.

Not time to panic yet IMHO...

Cheers,
Michael.

 

Thanks Mike. That's a remarkable correlation given Navra's weighting towards cash over the last few months..

Outperformance or underperformance - bah - 4% for a quarter is a win in my book...