Managed funds

[Dolcile]

Oooaf what's happening in the Australian market today? A lot of red.

XRO down 15%
WTC down 9%
SEK and REA 6%
360 down 4%
HUB down 6%
ZIP down 7%

[Dolcile]

Thank goodness I got out of the PIE Australasian Dividend Fund.

[Turkey]

Oooaf what's happening in the Australian market today? A lot of red.

XRO down 15%
WTC down 9%
SEK and REA 6%
360 down 4%
HUB down 6%
ZIP down 7%

People are worried AI will break down all the propriety software these companies have developed.

I'm not so sure myself but AI is certainly going to be busy...hope they're up for it.
Should make investing easy...everyone will be out of business except AI..lol

[Basil]

People selling tech that is in many cases still ludicrously overpriced for value and GARP stocks.

I think this switch has a long way to go.

[BlackPeter]

Yes another tough month. Feb hasn't started well either. I'm told good things happen to people who wait and I'm very patient and have no plans to cash in.

On the other hand ... bubbles tend to burst, and patience might not be supportive in that regard. Anybody knows exactly whats in the fund? If most of the companies produce stuff people need, than yes, patience might be good, but if most of stockprices are driven up by the AI bubble, it well might keep go down.

[Shareguy]

People are worried AI will break down all the propriety software these companies have developed.

I'm not so sure myself but AI is certainly going to be busy...hope they're up for it.
Should make investing easy...everyone will be out of business except AI..lol

Agree with this. Discovery and Pie have a number of these, which is why they are getting hammered.  However these companies are in most cases profitable with huge growth.  More pain to come before we see a bottom I think.

[Turkey]

BRM is loaded with them too..

Xero, Wisetech, Seek, REA, CAR but only about 5% fund holding for most of these ...maybe they like wisetech as got 7% as at December report.

There will be some winners and losers in these holdings for sure...might just take some time to work out which ones..lol

Let's see how the active fund managers position and perform...

 Interesting times...I see BRM recently added BHP and RIO after avoiding resources for a long time...guessing their looking at copper

[entrep]

Salt Funds update here https://www.saltfunds.co.nz/_files/ugd/9b51d8_fa79c5b435e84eab92663c79cdfd9a1a.pdf

Always a good sensible read

[Dolcile]

What's frightened the NZX today ?

[Dolcile]

And 360 down another 9% as I type. 

I wonder how the Discovery fund is going so far in feb.

[Basil]

The whole tech sector in Australia is getting absolutely monkey hammered.
The season of reckoning for looney tunes tech valuations is upon us and its got a LONG way to go in my opinion.

[Dolcile]

The whole tech sector in Australia is getting absolutely monkey hammered.
The season of reckoning for looney tunes tech valuations is upon us and its got a LONG way to go in my opinion.

It is kind of strange that the AU tech sector is getting hammered but the SP500 (which is dominated by tech) is flat YTD.

[Basil]

In my opinion its a far more mature and developed market and the tech sector there is dominated by mega caps that in many cases have not completely unrealistic forward metrics considering their the growth rates.  Were for example Wisetech and XRO ever worth a forward PE of circa 100 ?  That's the question the Barramundi fund manager should have been considering quite some time ago and the question I posed to him at the annual meeting.  When analysts start making up completely new ways to value tech stocks you know its time to abandon ship.  I still think for example 360 is egregiously overpriced when you look at the quite modest growth rate in top line revenue.  It could halve again from here or even worse.  As for all the Australian tech stocks with no earnings at all...don't start me up on that topic.

[Stoploss]

And 360 down another 9% as I type. 

I wonder how the Discovery fund is going so far in feb.

Today's recap was down 7.46% for Feb
So after the disaster today more to come ... also note CTD is still suspended and depending upon who you talk to could be worthless ....

[Dolcile]

Speaking to the converter Basil :-)  I'm quite happy with my portfolio of HLG, TRA, SKL, TWR, Kernel NZ Property Fund and a total world fund.