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From: The Natural Philosopher <tnp@invalid.invalid>
Newsgroups: comp.os.linux.misc
Subject: Re: "DeepSeek" - China AI App Shakes Up Tech Markets
Date: Thu, 30 Jan 2025 22:02:37 +0000
Organization: A little, after lunch
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On 30/01/2025 21:25, D wrote:
> 
> 
> On Thu, 30 Jan 2025, The Natural Philosopher wrote:
> 
>> On 30/01/2025 20:19, Lars Poulsen wrote:
>>> On 2025-01-30, The Natural Philosopher <tnp@invalid.invalid> wrote:
>>>>>> ...   I have in my portfolio anything that is *managed by someone 
>>>>>> else*,
>>>>>> that has shown consistent growth over the last few years.
>>>   On 30/01/2025 13:44, Lars Poulsen wrote:
>>>>> TNP, what do you mean by "managed by someone else"?
>>>>> Not managed by you? Not managed by an investor-appointed board?
>>>   On 2025-01-30, The Natural Philosopher <tnp@invalid.invalid> wrote:
>>>> I mean these days I invest in managed funds, not stocks shares and 
>>>> bonds
>>>> directly.
>>>
>>> My research says that index funds on the whole perform on a par with
>>> most managed funds. Which I learned from Warren Buffett many years ago.
>>>
>>> If you were a funds manager who could reliably beat the market, wouldn't
>>> you spend your time managing your own investments rather than thos of
>>> other people?
>>>
>> Most of them actually do that exact thing.
>> But the results are there. Some managers consistently beat the 
>> markets. Some funds habitually fail to return anything.
>>
>>> The only "individual stock" I hold is Berkshire Hathaway, but that is
>>> really more of an exchange traded managed investment fund. And it has
>>> done slightly better than SP500, butt not by a lot, and it probably will
>>> get worse than that once Warren retires or dies.
>>>
>>>> Curiously physical gold is over time a very good hedge against 
>>>> inflation.
>>>>
>>>> £10,000 purchased by someone I know in 2005 seems to be worth about
>>>> £80,000 now...
>>>
>>> That's 11% annual yield. Good, but nbot amazing.
>>>
>> I aim for 20% but am happy to accept 10..
> 
> You are a high performer! My aim is to get enough RoI to be able to live 
> on the dividends alone. Anything beyond that is extra and highly 
> appreciated. =)

Ah. Well my state pension takes me to the tax limit, so I go for capital 
gains with no dividends. I have a lot of capital losses to write off 
from years ago .

I only need a small top up for the pension., I don't spend a lot of cash 
- its amazing how cheap it all is once you get rid of a crazy wife.

-- 
Socialism is the philosophy of failure, the creed of ignorance and the 
gospel of envy.

Its inherent virtue is the equal sharing of misery.

Winston Churchill