Thanks guys I am no greenhorn and have been a share investor since about 1983. However I also bought a few managed funds in the early 2000's to theoretically spread risk and it was a total waste of time - they were Colonial First State, Jb Were and a couple of Platinum and I never made anything worthwhile - all fees etc and swore I would never again buy funds. Clearly my timing was wrong at best.
I also placed money with Rushtons IMA and then their Global Neutral Fund a few years ago and that also was a losing thing so exited that as well - lost almost 10% over 18 months - not my idea of fun. Their hype about making money through the crashes was apparently all a dream because they sent an email called 15 CALENDAR YEARS OF NON-ACTUAL PERFORMANCE HISTORY in May 2016. I kid you not "non actual performance history" ??? Good lord what is that? So I exited stage right nearly 50 grand lighter.
So I'm still rather reluctant to head down the funds track again but getting bored chasing shares and so is my mate. I prefer doing things rather than sitting on my ring in front of a computer. And cash in Term deposits will mature in September and current returns are woeful. Maybe buy a brothel is the way to go - never seems to go out of fashion lol.
But thanks for the info anyhow - anything additional you think of may help too.
