man I dodged a massive bullet. Bought initially at $40. Bought...

Originally posted by Bwatson

The data for Fund Management fees by Insto Client is all in their Annual Report...


Worst case is an 11% Hit to Revenue, I doubt they'd bother halting for anyone outside the top 10, so the Worst is 11%, and otherwise 3.5%-1% (which would be more palatable, but still bad).

Only did a quick back of the napkin check, but worst case drops NPBT (assuming nil performance fees and Investment gains (GYG,Barrenjoey,Finclear), to 460 MIllion, the better scenarios are around 500 Million.

Anyway you cut it, it will hurt... I only dived into this month and feel a bit sick seeing I invested based on Hamish seeing they had full backing of the insto clients... but, I also would rather the S&G/Shine crew stay away, as the only winners in class actions are the law firms.

man I dodged a massive bullet. Bought initially at $40. Bought heavily at $35, then managed to take a profit when I first sold. Rinsed this one 3 times always at profit, during a bear period.
but we’ll um went in on GQG $1.90, so that’s not really going any better.
Not sure why folks are selling down funds they are genuinely a really good investment.
Most listed funds average 10-20% returns to holders. That’s a great set and forget investment, way better than property, term deposits, and small caps.
And really the interest in this space is gunna heat up. So many of the baby boomers who are entering retirement all talk about managed funds, most consistent reliable returns and usually well outperform cash.
VAS is a prime example, 300% in 10 years.
Property is so overvalued, the yields are worthless, and my trendy data suggests rent prices a dropping. And probably not sure how much further prices can go TBH, an investment is the idea that it will provide income or go up in price
With the retirement boom a few years away stocks like MFG, VAS, CFG, PPT, MQG could be potential gold mines