BOI Investment Funds

bibbly

Can anyone advise on BOI life Active growth Invester funds, I was thinking about Their Innovator S9 and Alternative energy fund S9.

lets say the amount is around 25k.

What other variation of funds could you spread your money accross.. i would like to leave it for up to 3 years..

Lexus1976

bibbly wrote: »

Can anyone advise on BOI life Active growth Invester funds, I was thinking about Their Innovator S9 and Alternative energy fund S9.

lets say the amount is around 25k.

What other variation of funds could you spread your money accross.. i would like to leave it for up to 3 years..

Take a look at these

http://www.quinn-life.com/quinnlife_freeway_funds.html

Andymfinancial

the funds you quote are good alternative type funds, however they should be only be considered for about 5% - 10% of your total portfolio, even BIAM agree with this!

Raskolnikov

The fees that Bank of Ireland are charging are nothing short of extortion in my opinion. 1.75% doesn't sound like a whole pile, but if your investment timeframe is 3 years, then you'll be down €1,300 on your investment on fees alone.

If you tell us what your hoping to achieve from your investment, maybe we can suggest something better.

Raskolnikov

Lexus1976 wrote: »

Take a look at these

http://www.quinn-life.com/quinnlife_freeway_funds.html

I have no idea why people love the Quinn Life funds so much. I looked at the performance of their US, Irish, European and Japanese funds and they've ALL underperformed the indexes over the long-term.

It's disgusting that clowns like Quinn are raking in fees with such awful performance. The only thing is, at least they're (slightly) cheaper than Bank of Ireland.

Speculator

Raskolnikov wrote: »

I have no idea why people love the Quinn Life funds so much. I looked at the performance of their US, Irish, European and Japanese funds and they've ALL underperformed the indexes over the long-term.

It's disgusting that clowns like Quinn are raking in fees with such awful performance. The only thing is, at least they're (slightly) cheaper than Bank of Ireland.

Past performance is not indicative of future performance!

Looking at historic prices and charts is like looking into a rear view mirror.

I'm not assoicated with this company but I do have holdings in the clean energy fund.

Raskolnikov

Speculator wrote: »

Past performance is not indicative of future performance!

It is when you're comparing the performance of a managed fund to that of an index!

http://www.nytimes.com/2008/07/13/business/13stra.html?_r=1

“the number of funds that have beaten the market over their entire histories is so small that the False Discovery Rate test can’t eliminate the possibility that the few that did were merely false positives” — just lucky, in other words.

cmac2009

Hi All

I've been looking at investing in some of quinn life funds over the past few weeks as well. Any advice appreciated if they are worth getting involved with. Raskolnikov you seem to be pretty clued in. Any advice weclome. Probably be looking to put in up to 10k-15k over 2-3 years ?

Raskolnikov

If I was a novice and I wanted exposure to the stock market, I would just buy the ETF that suited my investment philosophy. If you decided that you're keen on American stocks, you could buy the S&P500 (500 biggest American companies) ETF. If instead you decided you liked China, you would buy the China 25 Index. There's an ETF for almost anything and unlike the Quinn funds, the fees are usually much lower (.1%-.2%).

S&P500 ETF
China 25 ETF

cmac2009

thanks for the reply. I preusme you open up an account with some broker. ie Davy's to purchase these.

cheers

Raskolnikov

There's a thread further down here titled "TD Waterhouse". They do brokerage services for Ireland and appear to be the cheapest Irish broker.

My only reservation about online brokerage services is that too many people do daft things, like trying to day-trade individual stocks. There are so many stories of people here who were constantly trading and ended up losing money in 2009, despite the fact they were investing in the bottom of the market after March. In most cases, if they had just bought stocks, held them, they would be in a much better position than where they are now.

cmac2009

thanks. I'll bear that in mind. Will look into this anyways. Maybe I'm better leving it in a savings account !!

Raskolnikov

cmac2009 wrote: »

thanks. I'll bear that in mind. Will look into this anyways. Maybe I'm better leving it in a savings account !!

You probably are. The interest on certain lump sum deposit accounts is very attractive given the deflationary environment we're in.