Managed funds

[Basil]

"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%. "

They followed that up with this.

Two years proves nothing. We need to demonstrate
performance over the medium term.

Crickey...I'm really liking these guys modesty, and their determination to succeed over time.

[Shareguy]

They followed that up with this.
Crickey...I'm really liking these guys modesty, and their determination to succeed over time.

Yes I Agree Basil. Also appreciate how they write about their detractors and learnings. Most of us have some bad picks if we are honest. The key is learning from it and not making the same mistake again.

I see they are up so far for October.

[Basil]

Really stunning results.  After last month's amazing 9.4% return, as of 17th October, up another 6.1% in the month to date already.  How do they do it ?
All tax free gains because they're a PIE and these returns after their expenses.
So happy to be on board.   Maybe I should retire and leave all the bookwork to them ?

[Shareguy]

Really stunning results.  After last month's amazing 9.4% return, as of 17th October, up another 6.1% in the month to date already.  How do they do it ?
All tax free gains because they're a PIE and these returns after their expenses.
So happy to be on board.  Maybe I should retire and leave all the bookwork to them ?

Stunning it is. Doubled last year and on track to do it again at this rate. Just shows me how small the NZ market is and how many great companies there are in Australia. Smart guys who vocus on companies that can generate great returns, have enough funding , and ideally founder led or high insider ownership.

One of the best decisions I have made was to sell down a large part of my NZ portfolio early on and put it into Discovery.

[Shareguy]

October was a difficult month but in the end another good performance for Discovery Funds. November is normally a great month for stocks so pleased to log in this morning after being away a week to see it's up.


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

[Basil]

"We performed poorly in October"  I'm absolutely loving these guys modesty and the super high goals they set themselves.  Coming off the back of an exceptionally strong 9.1% return in September, there's nothing too shabby about 2.1% for October which beat the index of 1.8%.
Up another 2.48% for the first week of November to Thursday 7th and another strong day on the ASX yesterday should flow through to an increased reported NTA on Monday so November is off to a very good start.  I just wish I could invest some more money with them. Thankfully they pay no dividends so monthly returns keep compounding away and keep growing.  Rome wasn't built in a day so I'm really looking forward to how they go over the next 5 years. 

[Shareguy]

[quote author=Basil link=msg=27047 date= 

I just wish I could invest some more money with them. Thankfully they pay no dividends so monthly returns keep compounding away and keep growing.  Rome wasn't built in a day so I'm really looking forward to how they go over the next 5 years. 
[/quote]

Yes I hope they open it up again for existing investors at least. I note that still no mention of owning any NZX stocks...... I think  they also own ASX NEU which was up 15 percent on Friday. So agree Monday should be a good day.

[Basil]

Strong day for Life360 yesterday too. Interesting company.

[Stoploss]

Discovery fund reval yesterday, new high I believe $ 2.75.
Go you good thing.

[Basil]

7.01% for November.  WOW, how good is that!, the good times roll on and on and on...

[Dolcile]

Bugger.  Wish I had an investment with these guys. 

[Basil]

One thing is crystal clear.  Mark and Chris are exceptionally talented.  Very happy to be on board and if they ever open the fund again to more investment, I'd be very happy indeed to significantly increase my portfolio allocation their way.

As I get older, I realise it's time to hand over more control to the next generation of highly talented investors.  More time for boating and walking my dog while their performance outshines mine, what's not to like lol

[Stoploss]

7.01% for November.  WOW, how good is that!, the good times roll on and on and on...

Looking forward to the monthly update this week.
Nov + 8.55 % , $ 2.8264

[Shareguy]

Looking forward to the monthly update this week.
Nov + 8.55 % , $ 2.8264

Yes another stunning out performance. December historically a good month

[Shareguy]

Latest update. Go you good thing......


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