Re: "DeepSeek" - China AI App Shakes Up Tech Markets

On 30/01/2025 21:25, D wrote:

  On Thu, 30 Jan 2025, The Natural Philosopher wrote:
 

On 30/01/2025 20:19, Lars Poulsen wrote:

On 2025-01-30, The Natural Philosopher <tnp@invalid.invalid> wrote:

...   I have in my portfolio anything that is *managed by someone else*,
that has shown consistent growth over the last few years.

  On 30/01/2025 13:44, Lars Poulsen wrote:

TNP, what do you mean by "managed by someone else"?
Not managed by you? Not managed by an investor-appointed board?

  On 2025-01-30, The Natural Philosopher <tnp@invalid.invalid> wrote:

I mean these days I invest in managed funds, not stocks shares and bonds
directly.

>
My research says that index funds on the whole perform on a par with
most managed funds. Which I learned from Warren Buffett many years ago.
>
If you were a funds manager who could reliably beat the market, wouldn't
you spend your time managing your own investments rather than thos of
other people?
>

Most of them actually do that exact thing.
But the results are there. Some managers consistently beat the markets. Some funds habitually fail to return anything.
>

The only "individual stock" I hold is Berkshire Hathaway, but that is
really more of an exchange traded managed investment fund. And it has
done slightly better than SP500, butt not by a lot, and it probably will
get worse than that once Warren retires or dies.
>

Curiously physical gold is over time a very good hedge against inflation.
>
£10,000 purchased by someone I know in 2005 seems to be worth about
£80,000 now...

>
That's 11% annual yield. Good, but nbot amazing.
>

I aim for 20% but am happy to accept 10..

 You are a high performer! My aim is to get enough RoI to be able to live on the dividends alone. Anything beyond that is extra and highly appreciated. =)

Ah. Well my state pension takes me to the tax limit, so I go for capital gains with no dividends. I have a lot of capital losses to write off from years ago .
I only need a small top up for the pension., I don't spend a lot of cash - its amazing how cheap it all is once you get rid of a crazy wife.
--
Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy.
Its inherent virtue is the equal sharing of misery.
Winston Churchill