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Charlie Is Not A Happy Regal
7 Answers
Charles has been speaking about pensions .Well I don't understand what he's on about .Dont know whether I should be worried or no .He seems to be .Any ideas
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not sure either
not sure either
He has a valid point, currently pension fund mangers are investing for short term gain. Charles is saying that they need to take a long term view and invest in ways that will bring a steady return over many years. As a pension will be paid for 30 years or more you can see the reasoning. I agree with him.
When there is commission there are certainly a lot of short trades. Leave a fund with your friendly bank's investment managers and you'll find that they have switched shares with surprising frequency, putting up your costs and diminishing your profit, if any. And that's apart from the fact that many funds don't even outperform the FTSE over time.
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