Managed funds

[Shareguy]

So Tony says

And the economic pain "is going to get a lot worse" before the end of the year, especially the sectors of residential construction, retail and hospitality, despite Aotearoa narrowly escaping recession, he said.

We know that most NZ economists including Tony have been dead wrong before. I do agree that opportunities are starting to emerge. There is a lot of money sitting in term deposits and once interest rates start to fall equities should benefit.

I hope I'm wrong but I just don't see the NZX out performing Australia in the short to medium term. Have been further selling down NZ stocks and have added to Discovery Funds.

[BlackPeter]

So Tony says

And the economic pain "is going to get a lot worse" before the end of the year, especially the sectors of residential construction, retail and hospitality, despite Aotearoa narrowly escaping recession, he said.

We know that most NZ economists including Tony have been dead wrong before. I do agree that opportunities are starting to emerge. There is a lot of money sitting in term deposits and once interest rates start to fall equities should benefit.

I hope I'm wrong but I just don't see the NZX out performing Australia in the short to medium term. Have been further selling down NZ stocks and have added to Discovery Funds.

I'd see the decision NZ market vs Ossi market as a lower risk, lower reward vs. a higher risk, higher reward game. I'd see both the China risk as well as global warming weighing in against Australia.

Apart from that - tax treatment of NZ investors in Australian shares is a sad joke. You can't use the Australian tax (franking) credits and basically pay double tax compared to an Australian peer. Something anybody investing in Australia needs to consider if you do the numbers.

However - whatever risk-profile people might have, and how much of their income they decide to voluntarily hand over to various tax authorities ... I'd recommend to have enough money close to home to allow you to keep your life style and pay the bills. Anything else - just go for whatever your heart desires.

Discl: sold recently my last Australian shares because I was sick of the unequal tax treatment and as well the obvious disdain this company (but many do) displayed towards NZ shareholders. Quite ridiculous number of hoops to jump through just to get your dividend paid out into a NZ account. However - still holding a number of European shares and am as well exposed to a number of PIE funds invested in international shares.

[Henry Filth]

For international diversity, one of the tools I use is "High Dividend Yield" ETFs (IDV, DTH, etc). They're pretty global in nature and so are inherently well diversified.

Expensive compared to (say) an S&P500 fund, but everything costs in this life.

[Stoploss]

Discovery Funds-June .Theycall it a "quiet month" but still significant outperformance.
What a winner this fund has been ...
https://discoveryfunds.co.nz/assets/Newsletters/Discovery-June-2024.pdf

[Shareguy]

Discovery Funds-June .Theycall it a "quiet month" but still significant outperformance.
What a winner this fund has been ...
https://discoveryfunds.co.nz/assets/Newsletters/Discovery-June-2024.pdf

Yes another solid performance in a tough market.

Pro Medicus has been a great investment. From $1 per share and
$1.5m of earnings in FY14, today PME is $143 per share
and on track to deliver earnings of $80m in FY24.

[Shareguy]

Wow. Up 6.1 percent for July.

https://discoveryfunds.co.nz/assets/Newsletters/Discovery-July-24-Final.pdf

[winner (n)]

Wow. Up 6.1 percent for July.

https://discoveryfunds.co.nz/assets/Newsletters/Discovery-July-24-Final.pdf

Love the way they cover all bases...rather cool

Markets have performed strongly recently. We don't have a crystal ball, but markets don't go up in a straight line and neither will the Fund. At some point there will be a pullback. We're working hard but expectations need to remain grounded.

[Basil]

Very well worded by them and sage advice.  Very happy to be on board.

[Shareguy]

A difficult month in August. Discovery however up again. Well done. Interesting comments on A2. Go Superloop (SLC)

https://discoveryfunds.co.nz/assets/Newsletters/Discovery-Aug-24.pdf

[Shareguy]

Mike says looking at increasing exposure to NZ companies for the first time in several years....


https://www.piefunds.co.nz/Portals/0/Documents/Slice%20of%20Pie/09_Sept_Slice_of_Pie_Digital_2024.pdf?ver=L0-BShWbHlZoIEZ1MDxJGg%3d%3d

[Stoploss]

Big congratulations to Discovery Fund , I make the reval published today the 2 year mark since inception .
$1 dollar in is now $ 2.56 .Simply awesome .Another good month so far with 10% plus performance so far .

[Shareguy]

Big congratulations to Discovery Fund , I make the reval published today the 2 year mark since inception .
$1 dollar in is now $ 2.56 .Simply awesome .Another good month so far with 10% plus performance so far .

WOW. Great performance in what is often a terrible month for stocks. My decision to significantly sell down my portfolio this year and add to Discovery has been one of the best decisions I have made. Well done Mark and Chris.

[Basil]

Congrats to you guys who got in early.  It took me quite a while to come around and I've only been in for 4 months but up 24.4% in that timeframe when the ASX and NZX have ostensibly been flat, is frankly, quite remarkable.  I'm a very happy camper and recently threw them another bone. 

[Basil]

Dear Investor,
Our mission is outstanding performance. From the beginning, we said we would limit the size of the Founders' Fund to maximise performance.
The Fund is now at a size where we're limiting additional investment from existing investors.
We may allow additional investment in the future. The timing will be dependent on market and fund performance. We will be in touch when an allocation becomes available.
We appreciate your ongoing support.
Kind regards,
Chris & Mark

email from the guys this morning.  Looks like those who are not already on board will miss out in the future.
Very happy to be on board.

[Stoploss]

Big congratulations to Discovery Fund , I make the reval published today the 2 year mark since inception .
$1 dollar in is now $ 2.56 .Simply awesome .Another good month so far with 10% plus performance so far .

Here is the official word in the Sept update
https://discoveryfunds.co.nz/market-insights/discoverys-september-2024-update/

"The Founders' Fund reached the two year mark on 28th
September. In 24 months, the Founders' Fund is up 155%
vs the Index which is up 21.6%. "