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I have a question relating to how much cash you suggest an investor to hold.
Let me explain. I am 53 years of age and plan to work for 5 more years before retiring. My employer provides me with rent free housing. I have no debt and hold $3.5 million dollars in Australian equities, term deposits and cash. My wife and I save about $160,000 per year from wages and investment returns.
Of the assets we own, we hold 14 per cent in cash in case we get a major pull back (eg: Mr Un and The Donald start fighting) in which I would buy equities at a cheap price.
I sometimes hear fund managers saying they hold 10, 20 and up to 40 per cent cash in the current market. What do you think is a sensible percentage of cash to hold?
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What are your thoughts about Seven West Media? Will it ever recover to somewhere around $2 or is that wishful thinking?
Keep up the good work.
Regards
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NGE capital – what are thoughts on these shares? I am thinking of buying some for our SMSF.
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Hi,
Could I get your views on the PM Capital Global Opportunities Fund, PGF?
It appears to me the return for the last 12 months has been very good, however share price is below NTA.
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Instead of buying A2 Milk what is your opinion of Synlait milk who supply the ingredient? Any advice much appreciated
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I have been following MFG with the view of acquiring shares. They appear to be travelling extremely well. Of course the latest big news for Magellan is the Global Trust which has had reasonable reviews including from your Report.
In my understanding the 4% income representation may direct substantial funds to interest bearing securities [I realise that my comment is probably an over simplification] but never the less leaving less funds for investment in Magellans more usual investment mode. Less profit [management fees] The Global Trust is a huge commitment if the subscriptions reach the billions and I have an uneasy feeling that for several years at least the returns to shareholders will be meagre.
Do you believe management fees will suffer and as a result a negative flow onto the shareholders in MFG?
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