Totally agree. In the same period the Australian share market has returned 17.7% PLUS DIVIDENDS, FPC is down 11.3%. Including dividends we're well over 35% worse off than we would have been investing in an index fund. The longer this goes on, the more of a laughing stock Angus Geddes and Fat Prophets is.
"My preference is that they wind up FPC and return capital, but why would they do that when those fees just keep rolling in."
You're right. Since he's demonstrated over the past two and a half years that he can't make money from the share market he's obviously trying to rake it in from the fees.
Stop embarrassing yourself Angus and wind up the fund!!!
FPC Price at posting:
97.0¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)