I am not not one to jump out of a stock as soon as it has a bit of a downer and like other posters I bought in 2016 @ ( from memory) about $1.26 but sold on after looking and seeing that the fund has unperformed the asx 200 accumulation Index by 6.6%pa for the past 8 years and has substantially under performed in the the other published time frames since then.My investment hypothesis in 2016 was that surely these guys can't be this bad ( they did well during the first few years.) I was wrong. Time to admit it and move on. Three years for me is long term ( 45% loss ) Eight years is stupid. 8 years is a huge percentage of the rest of my life The good news for me is that this was only a very small holding (10K ) taken to give me an interest in how professional fund managers work I now have had my previous experience with other fund managers confirmed and am happy to move on and once again say that I won;t get caught again.
CDM Price at posting:
73.5¢ Sentiment: Sell Disclosure: Not Held
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The good news for me is that this was only a very small holding (10K ) taken to give me an interest in how professional fund managers work I now have had my previous experience with other fund managers confirmed and am happy to move on and once again say that I won;t get caught again.
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