13 March 2018

IPO - enjoy with (extreme) caution

Another interesting comparison: talk of $ 6 Billion valuation, revenues £151.3 Million (2016). Profits? Don't ask.

18 December 2017

Hottinger Fraud - Do not get to trusting

No comment needed - but any potential investor should read this and learn from the mistakes that the defrauded investors made.

1 December 2017

Bitcoin: The drumbeat goes on

The drumbeat goes on, any number of self-appointed 'experts'  push bitcoin etal, still not clear what 'value' it has or provides, just question of time that regulators impose restrictions, to market, buy/sell it through traditional banking channels unless full 'know your customer' disclosure is made. and who REALLY needs bitcoins, internet banking is so efficient already! Price easily manipulated due to complete lack of transparency, and who are the idiots that pay $10,000 for a bit with REAL money?
Here's why not to put your money into bitcoin (Evening Standard)

30 November 2017

Pictet hires new Partner

Assuming the purported annual compensation is close to reality (Sfr 25 Million) one can truly say that Boris Collardi works on 'Wealth Management', his own! Let's hope that 'clients' do as well, since 2009 there has been a continuing boom period in all asset classes. As most fund managers tend to be more or less long come rain or shine they will have happy customers and no one will be checking the substantial fees too closely. When the inevitable bear markets - or even stock market crashes - arrive the moment of truth will arrive. Fees will still be charged, but as the proverbial question will arise: 'Where are the customer's yachts?' (in this case on Lake Geneva)

Wealth Management - but for whose pocket?

16 November 2017

What Americans pay in Advisory Fees

Personal Capital Advisor Fee Report

13 November 2017

Beware of Investment Scams!

Nearly a decade after Bernie Madoff, Americans are still losing their life savings to Ponzi schemes.
It is difficult for ordinary investors and savers to identify swindlers and conmen. PBAdvisory can help you with due diligence and allow you to follow the old principle: Investigate before yu invest! It is surprising how often investors neglect to conduct the most basic background checks before parting with their hard-earned money.

7 October 2017

Zero Fund Management Fees?

Maybe at first sight it appears reasonable to wave any fund management fee if the performance does not match the agreed benchmark. And why not ask the fund manager to make a penalty payment as well? But to be serious, any business that agrees to a zero fee would not be viable in the long run. Better to agree fees to be calculated on a (three year?) rolling basis and set the fee in a narrow zone, for example basic 1% and a band of +/- 0.5% to adjust for over/under performance?

5 October 2017

Bitcoin: What is the Value of Hot Air?

Let self-interested promoters and their acolytes in the Media invest their hard-earned savings in a bit of (hot) air, or better: some digits in a far-away computer that nobody controls. Shares (hopefully) pay dividends, bonds pay interest, land can be rented out, but bitcoins and the like? Nothing but the hope of finding a Greater Fool down the road.
And Bitstamp, a 'digital currency exchange', should it not be banned from calling itself as an exchange by the SEC and fellow regulators? No surprise that its chairman sings the praises of 'crypto' 'currencies' (their are neither crypto nor currencies, you might as well start paying your groceries with some rare shells)

4 October 2017

Bitcoin etc - easy to manipulate price, regulators asleep

No mystery, no one can really say how the prices of bitcoin etal are established. Who buys, sells? Can it be manipulated? Is it manipulated? Especially all over Asia the 'new capitalists' are playing with numbers that defy the imagination of people who grew up in established market economies, warts and all. How much does it take to push the prices around? 10 million, 100, 500? No problem for the new Oligarchs! And they know there is a sucker born every minute (second more likely).

24 September 2017

Managed Funds - just another layer of fees?

Investors are being overcharged by almost £1.1bn a year for funds that claim to be “actively managed” but in reality do little more than track a stock market index.

The Times (Paid Content)