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

On Fri, 31 Jan 2025, The Natural Philosopher wrote:

On 31/01/2025 12:40, D wrote:

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

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.

 Ahh... that makes sense. You are a lucky man who has a pensionplan that actually pays out something! ;)
 

No. That is purely the state pension.
My other pension I now manage but it doesn't pay out because of tax.
The third thing is a pure lump of cash invested in the markets. I take that as capital gains but never reach any taxable amount

The UK tax system sounds complicated! I fear it will become more socialist with Starmer at the helm. =(

>

I'm a few decades behind, so my pension will be laughable. That's why I have the focus I have, and any eventual pension money will just be pocket change.
 Hmm, come to think of it, it is not entirely impossible that my self-managed pension account from when I had regular jobs, might actually be equal too or far bigger than my government pension even though it only consisted of 10% of the premiums.
 

I assumed by the time I got old the government pension schemes would have collapsed.

Ahh... if it didn't happen when you reach retirement age, perhaps it won't happen by the time I'm there! One can always hope. ;)
I'm part of a huge bump in the demographic pyramid, so I assume once my generation starts to reach retirement age, all of a sudden politics will make the pensions of my generation a bit more generous at the expense of the next. ;)
This is the way it was been with every generation since after WW2.

That would be an enormous show of force for doing it yourself, alternatively, how badly the government runs stuff.
 Ahh... and the government wasted about 200 million euro of pensions on Northvolt. They are retards!

>
Of course they are. Who else goes into government?

This is the truth! I once knew a partner in a big and mighty law firm. He told me that all retarded lawyers go into government work, and that is why they never can win against good lawyers in the private sector.