Managed Funds US Fund

Unit price is at a nice discount at present for sure (maybe cheaper later, mabe not) and I'm tempted to purchase more units. But, the US fund is still a bit of an unknown. Any hints on distributions ?

 

Also the Chief Currency strategist at Westpac was now saying that the Oz $ looks like it will go below 74c because of the "aggressive liquidation mode towards all things commodity-based".

That should roughly put it back to the US Fund start date rate and hence give us a glimpse of performance without the currency complication.

Isn't it crazy? A couple of weeks ago the news articles were talking about dollar parity and commodity booms that would go on almost for ever!

Last night I was reading about police on suicide watch in India because of all the Stockbrokers they feared would take their own lives due to India's 'own 10% fluctuations.

Note to self:
A couple of weeks in the stockmarket can be a VERY long time!!

 

"Isn't it crazy? A couple of weeks ago the news articles were talking about dollar parity and commodity booms that would go on almost for ever!"
Alan,

No matter what you read apply logic, common sense and Mixed Spice ...
AUD/USD is around 0.7528 now. So....still a very long way to parity

 

Good to see the U.S fund in positive territory again. Hopefully this will continue, lets keep our fingers crossed

 

I spoke too soon .

Hopefully, better days just around the corner

 

Hi Smarty.

If it's any consolation, at least it's a slight outperformance of the actual Dow.

 

Whilst I understand the excitement of being involved in a relatively new managed fund, I think it is unnecessary to follow it on a daily basis - this can lead to emotional highs and lows that can cloud your investing judgement. Give it some time; let it blossom.

 

Sound advice that can be applied equally well to relationships ;-)

 

I'll know how well my relationship with Navra US has blossomed when I get some . Distributions that is.

Then I'll know if I want a second date.

 

Where's the fun in that? You put enough money in to buy a european sports car (or two) and don't even get to play with it?

Me - I log into all my accounts morning and evening to see the pretty pictures go up and down. Would love to press the buy/sell button more often, but do resist it.

I wish property values for IP's were trackable daily.....

 

Yeah why waste your time with a fund that doesn't put out?!

 

In my experience, its AFTER you get some, that your judgment gets really clouded !! ;-) Although I assume after the Navra US fund gives you some, it won't ask for a Gold Card and the opportunity to redecorate your house

 

But a sports car is designed to be played with; it needs to be taken to its limits, it wants to test the laws of physics, and it needs to be constantly caressed and cared for!

In contrast, I think of a long term investment more as a good bottle of red wine. You purchase it, then put it away in a secure place. It needs to be left alone (vibration can disturb a red wine's sediment) so that it can mature gracefully without distraction. All the time, you can feel snug knowing that it is increasing in value and that the wait will eventually be worth it! Sure, occasionally sneek down to the cellar and take a peek; just don't do it too often as the light can cause aromatic changes.

 

Nice analogy, but really Navra funds are the sports car, they aren't there for much growth but the income is fast and exciting.

I polish the unit prices every day.

Long term growth funds like CFS geared or Platinum, I hope they turn out to be my Grange.

 

I'll drink to that!

 

Does that mean that if the fund outperforms the Dow but stays in negative territory that unit holders pay a performance fee but receive no distribution?

 

Thank you for the clarification Sim