Sean’s Journal

[TerryDunne]

Nice going Sean!

[KateMoloney]

Great results Sean. Rewarding given how your old super is performing.

I’ve been trying to rollover since August to an SMSF. My super, Hostplus, has been making it very difficult to rollover.

They seem more interested in fees than they do in serving their clients.

[smurfki0808]

Thanks Kate. Yes, I agree, self-interest by the fund manager I believe led to style drift. So, so far so good with my shift. Good luck sorting your rollover.

[GlenPeake]

Nice going Sean…. The systems seem to be ticking along nicely!!!

Well done on flicking the Fund Manager and doing it yourself….speaks volumes about the journey you’ve been on….

[smurfki0808]

It certainly is nice to see a month of momentum.

And yes, the fund manager is now back peddling about their approach, quote, “I originally intended to actively manage the hedged positions for 6 to 12 months. Now that time has lapsed, it is essential that I reassess the strategy and realign our portfolios back to traditional unhedged compositions. As we advance through the next six months, I will implement highly tactical hedge divestment strategies,…”

Nevertheless, for me, just one month of the next 300 or so.

[JulianCohen]

So given that he is changing to highly tactical hedge divestment strategies (WTF does that mean…do they look this crap up in a book…Confusing Jargon for Economists)

You can be pretty sure that that will stop working almost immediately.

[smurfki0808]

Julian Cohen post=15094 userid=5314 wrote:

So given that he is changing to highly tactical hedge divestment strategies (WTF does that mean…do they look this crap up in a book…Confusing Jargon for Economists)

You can be pretty sure that that will stop working almost immediately.
 

Absolutely Julian, it translates to “Baffle them with BS while quietly wiping egg from face.” Cheers

[ScottBilton]

Exactly Sean! Lol.
Congrats on a great month.

[Author]

Posts