FOR 0.00% $1.52 forager australian shares fund

Ann: Monthly Performance Report - March 2022, page-7

  1. 371 Posts.
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    Steve dropped the ball once again by being contrarian for the sake of it. He knew markets were high and would suffer once interest rates rise. Instead of holding cash after the sale of MAI they invested in a bunch of unprofitable tech stocks which are predictably being hammered now. 3 of the top 5 (WSP, BTH, NTO) have dropped 50% YTD!

    Meanwhile his ex-colleague from Intelligent Investor Nathan Bell is holding ~30% cash in the Growth Fund and beating the index while charging a smaller fee. Unlike Steve, Nathan is now ready to pounce on quality stocks at bargain price because he has the cash for it.
    Last edited by EarlyRetiree: 12/05/22
 
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