craggy_steve Posted November 18, 2016 Share Posted November 18, 2016 Oops? http://www.manxradio.com/news/isle-of-man-news/losses-on-investments-impacts-government-deficit/ Link to comment Share on other sites More sharing options...
sarahc Posted November 18, 2016 Share Posted November 18, 2016 Well this is what happens when you trust a load of gamblers in suits with your money. Would have been better off shoving it under the mattress. Link to comment Share on other sites More sharing options...
GD4ELI Posted November 18, 2016 Share Posted November 18, 2016 Oops? http://www.manxradio.com/news/isle-of-man-news/losses-on-investments-impacts-government-deficit/ As JW says, this is only a snapshot. All-in-all, the government money is well managed, a snapshot of equities today would be at least 10% higher compared to March 31st. Well this is what happens when you trust a load of gamblers in suits with your money. Would have been better off shoving it under the mattress. There are very strict rules for the management of the reserves, performance over time has not been bad at all. Link to comment Share on other sites More sharing options...
NoTail Posted November 18, 2016 Share Posted November 18, 2016 You aren't a sophisticated investor are you. Link to comment Share on other sites More sharing options...
GD4ELI Posted November 18, 2016 Share Posted November 18, 2016 You aren't a sophisticated investor are you. The older you are the more conservative your portfolio becomes as you generally don't want risk. Most of my money is split between UK markets (pension fund), European high-tech stocks and currencies (other money) as well as investing in my own company & products. Mustn't grumble... Link to comment Share on other sites More sharing options...
craggy_steve Posted November 18, 2016 Author Share Posted November 18, 2016 OK, so the FTSE100 didn't do so well 2015-16, but isn't avoiding such losses what the investment managers get paid for? Link to comment Share on other sites More sharing options...
NoTail Posted November 18, 2016 Share Posted November 18, 2016 Sorry Simon, my post was directed to Sarahhc not you. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted November 18, 2016 Share Posted November 18, 2016 Pre-Brexit figures too. Link to comment Share on other sites More sharing options...
craggy_steve Posted November 18, 2016 Author Share Posted November 18, 2016 Sorry Simon, my post was directed to Sarahhc not you. But sarahc was correct ... Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted November 18, 2016 Share Posted November 18, 2016 OK, so the FTSE100 didn't do so well 2015-16, but isn't avoiding such losses what the investment managers get paid for?How much of the government fund is invested under an absolute return mandate? Link to comment Share on other sites More sharing options...
GD4ELI Posted November 18, 2016 Share Posted November 18, 2016 Screenshot 2016-11-18 at 07.36.33.png OK, so the FTSE100 didn't do so well 2015-16, but isn't avoiding such losses what the investment managers get paid for? It's not all invested in equities, stocks will go up as well as down so you always take a long-term view. The rules are on the government website somewhere. Link to comment Share on other sites More sharing options...
asitis Posted November 18, 2016 Share Posted November 18, 2016 The rules are on the government website somewhere. Rolling around on floor laughing !!! Link to comment Share on other sites More sharing options...
woolley Posted November 18, 2016 Share Posted November 18, 2016 Pre-Brexit figures too. If they are well diversified the post-Brexit figures will be better in sterling terms. Link to comment Share on other sites More sharing options...
woolley Posted November 18, 2016 Share Posted November 18, 2016 Screenshot 2016-11-18 at 07.36.33.png OK, so the FTSE100 didn't do so well 2015-16, but isn't avoiding such losses what the investment managers get paid for? What a lovely idea. These fellas do well if they keep up with the FTSE. Some do better and some actually do a lot worse. No. The object of the exercise is to get an annual dip into your pot. All other considerations are secondary! Link to comment Share on other sites More sharing options...
GD4ELI Posted November 18, 2016 Share Posted November 18, 2016 Screenshot 2016-11-18 at 07.36.33.png OK, so the FTSE100 didn't do so well 2015-16, but isn't avoiding such losses what the investment managers get paid for? What a lovely idea. These fellas do well if they keep up with the FTSE. Some do better and some actually do a lot worse. No. The object of the exercise is to get an annual dip into your pot. All other considerations are secondary! BS One thing the Island does very well is manage the reserves and manage those who invest the money; there are some competent people in the Treasury behind this. Link to comment Share on other sites More sharing options...
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